ALEX Lesson Plan: Managing Finances

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This lesson provided by:
Author:	Marrianne H Coleman
System:	Jefferson County
School:	Hueytown High School

Lesson Plan ID:

7176

Title:

Managing Finances

Overview/Annotation:

Students will examine personal money management, managing business finances, and preparing for new business startup. They will create a budget, compute payroll taxes, research business startup financing, and develop a business plan for an imaginary business.

Content Standard(s):

CC(9) Career/Technical Education Curriculum Core	1. Explain the impact of technological advancement on a variety of areas.
CC(9) Career/Technical Education Curriculum Core	4. Demonstrate skills for managing finances.
CC(9) Career/Technical Education Curriculum Core	6. Apply mathematical/scientific concepts for solving problems.

Local/National Standards:

Primary Learning Objective(s):

Students will demonstrate skills for managing finances.

Additional Learning Objective(s):

Approximate Duration of the Lesson:

Greater than 120 Minutes

Materials and Equipment:

calculator

Technology Resources Needed:

computer, spreadsheet application, word processing application, printer

Background/Preparation:

This project contains three parts: Personal Money Management, Managing Business Finances, and Preparations for New Business Startup. Each of these lessons is attached. Print the attachments.

Procedures/Activities:

1.)Discuss personal finances such as budgeting, money management, spending habits, and checking accounts with students. Give each student a copy of activities one and two (see attachment) and have them complete the activities as directed.

2.)Give each student a copy of the Managing Business Finances project (see attachment). Show students how to use each of the formulas and show them examples of how to calculate the payroll. Have each student construct and calculate the payroll for their business. (this can be done individually or in groups)

3.)Give each student a copy of the Preparations for New Business Startup (see attachment).

4.)Discuss with students the procedures for acquiring financing for a new business and review basic financing concepts. Have students complete the seven assignments related to starting a new business (see attachment).

Attachments:**Some files will display in a new window. Others will prompt you to download.

4 Managing Finances.doc

Assessment Strategies:

Students will be graded on the accuracy of the written work turned in for all three projects.

Extension:

Remediation:

Each area below is a direct link to general teaching strategies/classroom accommodations for students with identified learning and/or behavior problems such as: reading or math performance below grade level; test or classroom assignments/quizzes at a failing level; failure to complete assignments independently; difficulty with short-term memory, abstract concepts, staying on task, or following directions; poor peer interaction or temper tantrums, and other learning or behavior problems.

Presentation of Material

Using Groups and Peers

Assisting the Reluctant Starter

Dealing with Inappropriate Behavior

Be sure to check the student's IEP for specific accommodations.

Variations Submitted by ALEX Users: