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About the Workshop
Content:
Learners discuss what a budget it is and the different between a good and bad budget.
Learners consider the importance of fixed and variable costs in their budget.
Learners plan a budget for a business trip to Australia and then must determine if their budget has enough to allow for the unexpected costs.
The session end by highlighting the importance of budget in work and personal lives and jobs linked to accounting.
Student Learning
Learner Outcomes:
Understand the importance of budgeting.
Explore fixed and variable costs.
Plan your own business trip.
Curriculum Links:
The purpose of the finance function, its role within business and how it influences business activity.
The concept of revenue, costs, profit and loss, including break even and gross and net profit ratios.
The purpose of planning business activity.
How different business contexts affect business decisions.
Skills Builder Framework Links:
Listening
Problem Solving
Speaking
Staying Positive
Teamwork
Aiming High
Leadership
Logistics and Planning
Can be delivered in a standard classroom with a projector and screen.
Can be delivered as part of an Enterprise Day.
Budget Buster
Workshops can be booked on their own and delivered on rotation throughout the day or delivered as part of a series of workshops,
where classes rotate between multiple activities.
Approximately 30 learners
Keystage 3, 4 and 5
40 - 60 minutes