BlendEd Best Practices Unit: Accounting & Finance Principles

I can explain accounting terms such as revenue, expenses, profit,asset, liability, and budget. 

I can understand the basic financial equation.

I can describe the differences between an income statement and a balance sheet.

I can identify different types of business budgets and their purpose.

I can analyse an income statement and balance sheet.

ISTE Standard 1: Empowered Learner

Students leverage technology to take an active role in choosing, achieving and demonstrating competency in their learning goals, informed by the learning sciences.

1a. Students articulate and set personal learning goals, develop strategies leveraging technology to achieve them and reflect on the learning process itself to improve learning outcomes.

1c. Students use technology to seek feedback that informs and improves their practice and to demonstrate their learning in a variety of ways.

1d. Students understand the fundamental concepts of technology operations, demonstrate the ability to choose, use and troubleshoot current technologies and are able to transfer their knowledge to explore emerging technologies.

I can set a goal with checkpoints to self assess my learning of financial management.

I can use technology to gain feedback and demonstrate what I know.  

I can use a variety of technology tools to learn.

ISTE Standard 3: Knowledge Constructor

Students critically curate a variety of resources using digital tools to construct knowledge, produce creative artifacts and make meaningful learning experiences for themselves and others.

3a. Students plan and employ effective research strategies to locate information and other resources for their intellectual or creative pursuits.

3c. Students curate information from digital resources using a variety of tools and methods to create collections of artifacts that demonstrate meaningful connections or conclusions.

ISTE Standard 6: Creative Communicator

Students communicate clearly and express themselves creatively for a variety of purposes using the platforms, tools, styles, formats and digital media appropriate to their goals.

6a. Students choose the appropriate platforms and tools for meeting the desired objectives of their creation or communication.

6b. Students create original works or responsibly repurpose or remix digital resources into new creations.

6c. Students communicate complex ideas clearly and effectively by creating or using a variety of digital objects such as visualizations, models or simulations.

6d. Students publish or present content that customizes the message and medium for their intended audiences.

Overview of Ch 12 FInancial Management - key terms & concepts

Assignment: Lemonade Stand Dollar A Glass Game - Students play the game and record their revenue, expenses, and profit/loss for each day.

Ch 12 Slides

Lemonade Stand Spreadsheet

Assign Vocab groups: Asset/Liability/Revenue/Expenses
     Brainstorm examples of each

1.  Personal Inventory worksheet - what assets, liabilities, revenue, expenses do they personally have? (main teacher station)

2.  Fill-in Notes 12-1 & 12-2

3.  Basic Financial Equation Foldable

4.  Quizlet vocabulary practice (flashcards)

5.  Categorize asset/liability/revenue/expenses (wizer.me)

Assignment: Finish Fill in Notes for 12-1 & 12-2 

Whole Group Instruction

Station Rotations:

-Small Group instruction

-Independent Learning

-Collaborative Learning

Vocab Handout

Personal Inventory worksheet 

Notes 12-1 & 12-2 

Equation Foldable

Quizlet 

Categorize Finance Terms