Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
• Class : Y11
• Lesson Topic: Finance
• Scheme of Work: Budgets
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
P&D
Planning and
Data
Lesson Objectives
ALL
(KNOWLEDGE)
Define and describe a budget
MOST (ANALYSIS)
Examine and Analyse the different types of budget
Higher
thinking
Skills
SOME (EVALUATION )
Evaluate the pros and cons & Justify your views on methods the usefulness
of budgets.
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
P&D
Planning and
Data
Planning Tools
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Keyword
Definition
Budget
Sales budget
Production budget
Marketing budget
CONNECTIVES
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
CONTRASTING
Although…
Except…
Moreover…
If…
However…
Yet…
Apart from…
Unless…
Despite…
As long as…
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…
COMPARING
Equally…
As with…
Like…
In the same way…
Similarly…
Even so…
Likewise…
CONNECTIVES for Analysis
CONNECTIVES for Application
CONNECTIVES for Evaluation
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: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
ATD
A-A*
1. To what extent
2. Do you think
3. Evaluate whether
(8-10m) 10+ connectives & key words
C-B
Climb the Ladder
1. Explain
2. Compare
3. Analyse
(5-8m)
5+ connectives & key words
E-D
Apply to
demonstrate
1. Define
2. Describe
3. Identify
(2-4m) 2 + connectives & key words
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Budget Holiday
• You could win a free holiday if
you can spend exactly
10,000QAR on a holiday of your
choice.
• How would you spend the
money.
• List the things you would need to
purchase.
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Your own Start up budget
• You run a small café, what will have to go in your
budget for 6 months? You are given 100,000 QR
to spend over 6 months.
Item
Total
Jan
Feb
Mar
Apr
May
Jun
Total
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
What is a budget?
• A plan to show how much money the business
will spend or receive in a given time
• Usually put together by each department
• Often presented in a Spreadsheet
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Sales budgets
• Most important
• Show the sales that the business is likely to
receive in a given time
• Done in either units sold or revenue
• Allows the other departments to do their
budgets once they know what the sales are
going to be
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Production budgets
• Used to plan how many products to make
• Closely follows the sales budget as enough items
need to be made to sell
• Allows the department to know how much stock
is required
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Marketing budgets
• Controls the marketing
• This often covers staff wages as well as
marketing costs
• Covers all advertising costs
• Shows big one off payments such as a TV advert
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Advantages of budgets
•
•
•
•
•
Control and monitoring
Reduce fraud
Planning
Efficiency
Motivation
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
Plenary
• What is the difference between a
sales and marketing budget? (2m)
• Analyse the main advantage of a new
business called Petra Pears in making
a budget spreadsheet before opening
their business. (6m)
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
P&D
Planning and
Data
Lesson Objectives
ALL
(KNOWLEDGE)
Define and describe a budget
MOST (ANALYSIS)
Examine and Analyse the different types of budget
Higher
thinking
Skills
SOME (EVALUATION )
Evaluate the pros and cons & Justify your views on methods the usefulness
of budgets.
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
R
Review the
Learning
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!
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
R
Review the
Learning
2 things your
neighbour has
learnt today
Neighbours
1 question your
neighbour wants
to ask
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
R
Review the
Learning
Tweet Tweet
Summarise your learning today into a single
tweet
140 characters
Keep all of the information
STOP
Business Section: Finance
Further Reading C.28
R
the
Keywords – Review
Budget,
sales budget, production budget, marketing budget.
Learning
1
question
you need to ask
2 new things
you learnt
3 pieces of
information
Business Section: Finance
Further Reading C.28
Keywords – Budget, sales budget, production budget, marketing budget.
5 minutes. . . GO
STOP