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Accounting & Business Computation Skills for Students' Financial Literacy

This educational program focuses on accounting principles and business computations to equip students with financial skills for consumer, investor, and citizen roles. It includes accounting cycle introduction, financial statement preparation, and teaching strategies such as incorporating technology and service learning. Resources cover record-keeping, bookkeeping, financial analysis, and mathematical foundations applicable in business scenarios. The curriculum aims to enhance students' decision-making, problem-solving, and analytical abilities through interactive activities and practical applications.

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Accounting & Business Computation Skills for Students' Financial Literacy

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  1. Accounting & business Computation in-service Holly Harris – Nate Daniels To prepare student for their roles as discerning consumers, investors, and citizens

  2. Ice Breakers: • American Currency Exhibit • http://www.frbsf.org/currency/index.html • iPad Activities • Whiteboard • http://itunes.apple.com/us/app/whiteboard-lite-collaborative/id301962306?mt=8 • Popplet • http://popplet.com/app/#/489 • http://itunes.apple.com/us/app/popplet/id374151636?mt=8 • It All Adds Up: • http://www.italladdsup.org/ • What Kind of Spender Are You: • http://www.themint.org/kids/try-it.html

  3. Accounting introduction of the accounting cycle, preparation of financial statements such as the balance sheet, income statement, and statement of retained earnings.

  4. Students should be able to: Accounting • Accounting: • Read, interpret, and analyze financial information • Apply generally accepted accounting principles • Understand how the accounting system provides business information • Recognize the various users of accounting information • Understand the dynamic nature of the business environment in which accounting information is used

  5. Teaching Strategies: Accounting • Incorporating the User Approach Versus the Preparer Approach • Teaching the Accounting Cycle • Using Technology in Teaching and Learning Accounting • Writing to Learn Accounting • Speaking about Accounting • Collaboration/Working in Groups • Participating in Professional Student Organizations • Service Learning

  6. Resources: Record Keeping • Designed to give students entry level skill in routine recording activities • Records for budgets • Credit • Cash receipts • Banking • Petty cash • Retail sales • Accounts payable and receivable • Payroll • Resources: • Monopolize Accounting: • http://www.oscpa.com/docs/educator-hs/MonopolizeAccounting.pdf • Balancing Your Checking Account: • http://www.themint.org/teens/balance-your-checking-account.html

  7. Resources: Bookkeeping • Covers the recording, classifying, and summarizing of accounting tasks • Emphasizes the “how” of recording data • Resources: • Check Deposit: • http://www.gcflearnfree.org/everydaylife/deposit

  8. Resources: Accounting • Beyond addressing the recording, classifying, and summarizing of financial-related information to incorporate accounting information analysis and interpretation • Principles of Financial Accounting • Analysis of reports • Financial statements • Accounts covering the accounting cycle for a sole proprietorship • Accounting for corporations • Individual financial statements (issues surrounding those particular line items) • Introduction to computerized accounting (optional) • Resources: • Moneytopia: • http://apps.finra.org/moneytopia/moneytopia.html • M&Ms Game: • http://lessonplans.btskinner.com/acctgmm.html

  9. Business Computation Business Mathematics or Mathematics for business

  10. Students should be able to: Bus. Comp. • Business Computations: • Make good decisions • Solve mathematics-based problems • Perform data analysis and interpretation

  11. Teaching Strategies: Business Comp. • Recognizing Mathematics Anxiety/Avoidance Behaviors • Overcoming Computation Illiteracy • Integrating Business Computation into Other Courses • Estimating Answers and Cultivating Number sense • Developing Logical Reasoning through Solving Puzzles • Incorporating International Aspects of Business Computation • Using Metric Conversion Calculators • Using Foreign Currency Conversion Calculators • Teaching Discounts and Percentage Rate • Writing to Learn Business Computation

  12. Resources: Business Computation • Mathematical foundations: • Solving problems by applying foundational mathematic operations • Number relationship and operations: • Solving problems that involved decimals, whole numbers, fractions, percentages, averages, ratios and proportions • Patterns, function and algebra: • Solving problems via algebraic operations • Measurements: • Solving problems using currency conversions • Statistics and probability: • Using common statistical tools for mathematical procedures in the analysis and solution of business problems • Problem-solving applications: • Employing mathematical procedures in the analysis and solution of business problems • Resources: • Money Instructor • http://moneyinstructor.com/business.asp • Money Skills: • http://moneyskill.org/

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