OVERVIEW

Students will be calculating business revenues, costs and profits. They will  also identify different business aims and objectives.

ACADEMIC LITERACY

• Revenue

• Fixed cost 

• Variable costs

• Total costs

• Profit 

• Loss

• Interest

• Break even level of output

• Margin of safety

• Aims

• Objectives

CAREERS

• Students will discuss careers in accounting and look at why it is important to do calculations as an entrepreneur.

WIDER READING

• Students will identify ethical issues around having a cashless society. They will discuss the impact of having a cashless society on homeless people - https://www.youtube.com/watch?v=-0ph-pvCSPc&t=6s

SAFEGUARDING

Homelessness - local area/town.

PERSONAL DEVELOPMENT

Students will investigate the current minimum national wage in the UK.

DIVERSITY

Students will look at non-financial aims and objectives: social objectives, personal satisfaction, challenge, independence

and control. They will look at a diverse range of local social enterprises such as Keech Hospice and Luton Food bank and investigate their objectives.

CULTURAL CAPITAL

• Students will identify ethical issues around having a cashless society and the impact it would have on those who are homeless who rely on cash.

KNOWLEDGE TRANSFER

• Maths - Students will understand the concept and calculation of and undertake the following calculations: revenue, fixed and variable costs, total costs, profit and loss, interest, break even level of output, margin of safety.