INTERACTIVE VIDEO

Get ready to explore the world of business with this interactive video. Once launched, you'll dive into interactive activities, master case study analysis, and challenge your knowledge with a multiple-choice quiz
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OVERVIEW

Do you want to understand how a business's financial health is measured? Then get ready to explore the Statement of Financial Position, also known as the Balance Sheet. In this interactive video, we'll break down the terms "assets," "liabilities," and "equity" and show you how they come together to give us a snapshot of a business's financial position at a specific point in time. We'll use the example of Kart Nation LTD, a go-kart supplier, to illustrate how the Statement of Financial Position works in real life.

First, we'll explore what the Statement of Financial Position is and why it's important. Then, we'll dive into the three main components: assets, liabilities, and equity. We'll define each term and see how they work together to give us a clear picture of a business's financial health. We'll also talk about some common misconceptions about the Statement of Financial Position and how to interpret it.

By the end of the video, you'll have a solid understanding of how the Statement of Financial Position works and why it's an essential tool for any business owner or investor. So join me as we take a deep dive into the world of financial statements and discover the power of the Statement of Financial Position!

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  • DETAILED EXPLAINER VIDEO
  • 10 QUESTION MULTIPLE-CHOICE QUIZ
  • 6 INTERACTIVE ACTIVITIES
  • INTERACTIVE CASE STUDY
  • SUPPORTING STUDENT WORKSHEETS

CASE STUDY ANALYSIS
Q LEISURE LTD

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  • The interactive case study explores the importance of a statement of financial position for Q Leisure Limited, a family-owned outdoor activity and team-building centre in West Sussex. The case study delves into the establishment of the company, its growth and success, and the need for a statement of financial position to provide an accurate snapshot of the company's financial health.

Teacher Resources

Below you can find a range of teaching resources, from printable PDFs to Google Forms, along with an uninterrupted video to play to the entire class.

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Interactive Videos

Quiz Questions

 Case Studies

Interactive Activites
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