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Financial Statements Teacher Resources
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High schoolers are introduced to new vocabulary in their accounting text. In groups, they make index cards of the new words and when asked the meaning they remain in the game with a correct answer and eliminated if the answer is wrong. The game is based off of the game Survivor on television.
Ninth graders examine the steps necessary to start a business and how to maintain personal and business financial records. They participate in a class discussion, conduct Internet research comparing banks, complete various handouts, conduct an interview, and produce a written business plan.
Students investigate financial ratios. In this economics lesson plan, students use an online financial ratios calculator to input numerical data. Students view and interpret the ratio analysis report. Students explore the affects of changing numerical data components on the ratios. Students explore which financial components to change in order to achieve the desired impact on a business.
Students explore profit and loss. In this beginning business instructional activity, students define several business terms, and calculate income, expenditures, profit, and loss provided on a worksheet. Students analyze monthly profit and loss statements for a lemonade stand by completing a worksheet with a partner.
Tenth graders analyze the causes of the Great Depression. They analyze the causes and the consequences of the Dust Bowl. Pupils examine how the Great Depression helped change the role of the federal government in the American economy. Students examine the change approach to the Depression from the early years of the Hover Administration through the Second New Deal.
Tenth graders examine the impact of the Great Depression on the United States. In groups, they use the internet to research the causes of the Great Depression and the effects of the Dust Bowl. To end the lesson, they compare and contrast the federal government's role before and after the Great Depression.
Students analyze the concept of profit and loss, the components of a simple profit and loss statement and the importance of a profit and loss statement. They calculate profits using gross income, total expenses and cost of goods sold. Each student also examines monthly profit and loss statements for a school store and calculate profit margin percentages.