Unit 2 Business resources_Lesson 4.1 and 4.2

• BTEC
• MBO
• Studiejaar 1

Today's program

• Recap previous class
• Exercise BEP 
• Know the content of a profit and loss account 
  

Learning outcomes

At the end of the lesson you:

1. Can work out the BEP and know the impotance of it. 

2. Know the content of profit and loss

Let's start with a recap! What do you still know?

There are two main types of costs, which two?

Why calculate BEP?

Variance analysis

Measuring the difference between budgeted and actual costs or sales revenue.

Why is a variance
analysis
useful for a business?

Current assets vs. Current liabilities

4.2 Financial Statements

Financial statements allow businesses to measure their financial resources. 

Two main types of financial statements:

         Profit and loss account 

         Balance sheet 

Profit and loss account

        It shows how much profit or loss has been made at the end of a financial year. 

    Helps a bank or other lender to decide whether or not it is worth the risk to invest in an business.

Example of a profit and loss account 

Activity “BEP"

Go to Moodle  Unit 2 

Go to the section “Exercises 

Make Activity BEP Vespa (Excel)

Work in pairs 

20 minutes to finish the activity

Learning outcomes achieved?

1. Can work out the BEP and know the impotance of it.

2. Know the content of a profit and loss account

Homework and next lesson

Homework:

- Study and summarize 4.3 

Next lesson:

- Basic ratios