A real bumper lesson on teaching income statements / profit and loss accounts. The lesson starts with looking at how an income statement is constructed what each section means (with relevant examples). The lesson the looks at how to calculate and complete income statements. The lesson has a great finance starter activity - a 10 question multiple choice quiz. I have also attached a lot of profit and loss worksheets, where students need to complete various financial documents. This lesson could potentially expand across two lessons as there are so many detailed resources, Perfect for teaching a tricky topic. This lesson could be used for Business Studies.