Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Class : Y11 Lesson Topic: Finance Scheme of Work: Profit & Loss

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Lesson Objectives ALL (KNOWLEDGE) Define and describe Profit and Loss statement. MOST (ANALYSIS) Examine and Analyse the components of a Profit and Loss statement. SOME (EVALUATION ) Evaluate the pros and cons & Justify your views on the usefulness of a Profit and Loss statement. P&D Planning and Planning and Data Higher thinking Skills

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Planning Tools P&D Planning and Planning and Data

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit KeywordDefinition (P&L) Profit & Loss Statement Net Profit Gross Profit Dividend Distributed Profit Retained Profit CONNECTIVES

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit What is Profit & Loss (P&L) statement? Cash flow did not indicate profit for a business. Once we’ve completed break even, a business can not estimate PROFIT. Profit is a key indicator of success! P&L indicates what profit is being made. There is ore than one type of PROFIT>

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Measuring Profit TOTAL SALES OR TOTAL REVENUE GROSS PROFIT INDIRECT COSTS / FC COST OF SALES NET PROFIT EXPENSES / VC Can you identify an Equation for; Gross Profit Net Profit What does Income statement look like?

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Exam Q Complete P&L statement for MVB Designs.

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Tasks Practice, Practice.. Complete Questions from Chapter in Book to familiarize yourself with the technique of income (P&L) statements.

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit What’s the difference between Profit and cash Profit and Loss Gross and Net profit Retained and Distributed profit Trading and Appropriation Account

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Lesson Objectives ALL (KNOWLEDGE) Define and describe Profit and Loss statement. MOST (ANALYSIS) Examine and Analyse the components of a Profit and Loss statement. SOME (EVALUATION ) Evaluate the pros and cons & Justify your views on the usefulness of a Profit and Loss statement. P&D Planning and Planning and Data Higher thinking Skills

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit KeywordDefinition (P&L) Profit & Loss Statement Net Profit Gross Profit Dividend Distributed Profit Retained Profit CONNECTIVES

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit CONNECTIVES for Analysis CONNECTIVES for Application CONNECTIVES for Evaluation COMPARING Equally… As with… Like… In the same way… Similarly… Even so… Likewise… CAUSE & EFFECT Consequently…Due to… As a result…Therefore.. Because of…Because… CONCLUDING Firstly…After… Secondly…Before… Overall…I believe… Finally…I think … In conclusion…it depends… To conclude…short term… Meanwhile…Long term… CONTRASTING Although…Except… Moreover…If… However…Yet… Apart from…Unless… Despite…As long as… EMPHASISING Most importantly… Significantly… Notably… Especially… Above all… In particular… Indeed… QUALIFYING Despite…Yet… As long as…Unless… Apart from…If… Moreover…Except… However…Although… ADDING In addition…And… Too…Also… Additionally…As well as… Furthermore… ILLUSTRATING For instance…Such as… In the case of…So… For example… As revealed by… As illustrated by…

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Climb the Ladder A-A* 1.To what extent 2.Do you think 3.Evaluate whether (8-10m) 10+ connectives & key words C-B 1.Explain 2.Compare 3.Analyse (5-8m) 5+ connectives & key words E-D 1.Define 2.Describe 3.Identify (2-4m) 2 + connectives & key words ATD Apply to Apply to demonstrate

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Pass the Parcel Add as much information you can remember from today’s lesson When the horn blows – pass your sheet to the next table! R Review the Learning Review the Learning

Business Section: FinanceFurther Reading C.32 Keywords – distributed profit, dividend, gross profit, net profit, Profit & Loss (P&L), retained profit Neighbours 2 things your neighbour has learnt today 1 question your neighbour wants to ask R Review the Learning Review the Learning