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Practice/Practical/Practicum Session Plan : Computation of claim from Insurance companies for loss of profit
Practice/Practical/Practicum Session Plan : Computation of claim from Insurance companies for loss of profit
1️⃣ 0–5 min: Introduce Loss of Profit Insurance and why businesses need it.
2️⃣ 5–15 min: Explain key terms—Standard Turnover, Turnover Lost, Rate of Gross Profit, Indemnity Period.
3️⃣ 15–30 min: Teach step-by-step computation of claim for loss of profit using practical examples.
4️⃣ 30–40 min: Discuss average clause, standing charges, and adjustments for saved expenses.
5️⃣ 40–45 min: Recap the formulas and discuss 5 important questions for revision.
Computation_of_Claim_Loss_of_Profit.pptxPractice Material (IV Quadrant Approach)
Practice Material (IV Quadrant Approach)
(Q1) : Practice Questions/Problems (PDF Formats)
(Q1) : Practice Questions/Problems (PDF Formats)
Fire insurance claim.pdf(Q2) : Video Based Content (Youtube)
(Q2) : Video Based Content (Youtube)
(Q3) : Formative Assessment (Google Form/Any Other Online Quiz Platform)
(Q3) : Formative Assessment (Google Form/Any Other Online Quiz Platform)
(Q4) : Further Reading
(Q4) : Further Reading
Recommended Books & Texts
Recommended Books & Texts
Accounting for Business (3rd ed) — A textbook focused on how accounting supports business decision-making and is suitable for non-specialist managers and business students. Goodreads
Accounting for Business Studies by Aneirin Owen — Integrates accounting with business & management studies, emphasising the commercial context. Routledge
Business Accounting (v.2.0) (free online text) — Covers many fundamental accounting topics; good for self-study. 2012 Books
Accounting, The Language of Business by JoAnn Wood — Openly-licensed, explains accounting as a communication tool in business. Boise State Pressbooks
Useful Online Resources
Useful Online Resources
Open Textbook Library: “Accounting Principles: A Business Perspective” and others — free downloadable textbooks covering core accounting topics. Open Educational Resources
Guides listing recommended books for accounting and business: e.g., “Business Recommended Reading by Subject: Accounting”. BYU Library Guides+1
Articles on accounting fundamentals: e.g., “What Is Accounting? | Introduction to Business” explains accounting as the language of business.
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