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QR Challenge: Business Accounting

Created using the ClassTools QR Treasure Hunt Generator

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Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.

B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!

C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.

Questions / Answers (teacher reference)

Question

Answer

1. What shares have voting rights?Ordinary
2. Name one long-term liability of a business.debentures
3. What is money owed to other people or organisations shown in a balance sheet?liabilities
4. Profits tend to be more volatile in businesses with high gearing.True
5. Without stocks a business would not be able to survive for very long.True
6. Capital employed is the sum of equity capital plus long-term liabilities.True
7. In which final accounts would you find 'shareholders’ Funds’?Balance Sheet
8. Suppose a firm has opening stock of $5000, purchases of $6000 and cost of goods sold valued at $8000. What is the value of its closing stock?$3000

 


Business Accounting: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_shares_have_voting_rights?

Question 1 (of 8)

 


Business Accounting: QR Challenge

https://www.classtools.net/QR/decode.php?text=Name_one_long-term_liability_of_a_business.

Question 2 (of 8)

 


Business Accounting: QR Challenge

https://www.classtools.net/QR/decode.php?text=What_is_money_owed_to_other_people_or_organisations_shown_in_a_balance_sheet?

Question 3 (of 8)

 


Business Accounting: QR Challenge

https://www.classtools.net/QR/decode.php?text=Profits_tend_to_be_more_volatile_in_businesses_with_high_gearing.

Question 4 (of 8)

 


Business Accounting: QR Challenge

https://www.classtools.net/QR/decode.php?text=Without_stocks_a_business_would_not_be_able_to_survive_for_very_long.

Question 5 (of 8)

 


Business Accounting: QR Challenge

https://www.classtools.net/QR/decode.php?text=Capital_employed_is_the_sum_of_equity_capital_plus_long-term_liabilities.

Question 6 (of 8)

 


Business Accounting: QR Challenge

https://www.classtools.net/QR/decode.php?text=In_which_final_accounts_would_you_find_'shareholders’_Funds’?

Question 7 (of 8)

 


Business Accounting: QR Challenge

https://www.classtools.net/QR/decode.php?text=Suppose_a_firm_has_opening_stock_of_$5000,_purchases_of_$6000_and_cost_of_goods_sold_valued_at_$8000._What_is_the_value_of_its_closing_stock?

Question 8 (of 8)