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Lesson Plan
Curated OER

Income and Expenses

For Teachers 3rd - 7th
Young scholars discuss income and expenses. In this lesson on money, students define income and expenses, after whith they keep track of their income and expense transactions on a basic ledger.
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Lesson Plan
Curated OER

Income and Outcomes

For Teachers 8th
Bring financial literacy into your classroom. Learners use peer support to reflect on their spending and how it reflects their income and their values.
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Lesson Plan
Curated OER

Do I Have What it Takes to be an Entrepreneur - and is My Community Ready?

For Teachers 9th - 12th
Discover the attributes of entrepreneurs and define what entrepreneurship is while examining data based on local businesses. Learners determine whether their community is supportive of entrepreneurs as they research economic development...
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Lesson Plan
Curated OER

Good News and Bad News: Income and Taxes

For Teachers 6th - 12th
Students examine Internal Revenue Service (IRS) Form 1040, citing particular line items that are pertinent to an artist acting as an entrepreneur. They explore various sources of income and the importance of keeping accurate income records.
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Lesson Plan
Curated OER

Reality Store: How to Plan a Budget, Pay Bills, and Manage Your Money

For Teachers 1st - 5th
Students plan a budget and pay bills when they visit the "Reality Store," a series of classroom studying stations. The use of paying bills and running a class store is used to help students grasp the concept of business.
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Lesson Plan
Curated OER

From the Mixed Up Files of Mrs. Basil E. Frankweiler

For Teachers 3rd - 7th
Students listen to From the Mixed-up Files of Mrs. Basil F. Frankweiler and discuss wants and needs.  In this iincome and expenses lesson, students relate the adventures of the children in the book to a real life financial...
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Lesson Plan
Curated OER

Profit and Loss

For Teachers 3rd - 5th
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....
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Lesson Plan
Curated OER

Earned Income Credit

For Teachers 6th - 12th
Learners distinguish between tax deduction and tax credit, explain how the earned income credit affects the tax liability, apply requirements to claim the earned income credit, and describe factors that determine the amount of the earned...
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Lesson Plan
Curated OER

The Artist as Entrepreneur: Is this a Hobby or a Business?

For Teachers 9th - 12th
Young scholars discover the IRS codes and criteria for establishing their art activity as a business rather than a hobby. They develop ways to demonstrate that their art activity is actually a business venture as classified by the IRS.
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Lesson Plan
Curated OER

Invest In Yourself

For Teachers 7th - 12th
Students learn about budgeting, saving, dept, financial management, opportunity cost, and self-regulation. In this financial management lesson, students apply their knowledge of finance components and create their own web based plan...
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Lesson Plan
Curated OER

There's No Accounting for Good Journals

For Teachers 10th
Tenth graders create journals on their spending habits. In this money-management lesson plan, 10th graders create and keep journals of their personal income and expenditures. Students learn to use Excel to create a spreadsheet for their...
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Lesson Plan
Curated OER

Small Busines Schemes

For Teachers 9th - 12th
High schoolers investigate a small business and its profitability. In pairs, as they research a business adventure, students consider the capital outlay, maintenance, office space, prices, insurance, and profit and loss statements. High...
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Lesson Plan
Curated OER

The Expenditure Sheet

For Teachers 9th - 10th
Students differentiate between expenditure and income. For this algebra lesson, students create a spreadsheet labeling the date, item and amount as they track their expenses. They format the cells of the spreadsheet to do all the...
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Lesson Plan
Curated OER

Invest in Yourself

For Teachers 9th - 12th
Students develop the concept of finances. In this finance lesson, students watch a video called, "Moving Out." Students calculate the finances of a character in the video. Students experience various budget scenarios such as earning...
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Worksheet
Centennial College

Break-Even Analysis Worksheet

For Students 11th - Higher Ed
In this business worksheet, learners compute various word problems given the fixed and variable costs involved. Then they identify from a list which are variable and which are fixed costs. Students also describe the difference among a...
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Unit Plan
Federal Reserve Bank

It's Your Paycheck

For Teachers 6th - 12th Standards
Beyond reading and arithmetic, one of the most important skills for graduating seniors to have is fiscal literacy and responsibility. Start them on the right financial track with nine lessons that focus on a variety of important...
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Lesson Plan
Curated OER

Taxes: Where Does Your Money Go?

For Teachers 9th - 12th
Students study taxes and the role that they place in our lives. In this economic lesson plan, students explore the reality of taxes, how they work, why we pay them, where the money goes and how to make the most of the money you pay into...
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Lesson Plan
Curated OER

Account-Recording Adjusting/Close Entries for Service Business

For Teachers 9th - 12th
Students discover how to journal adjustments and post them into general ledger accounts. They explore what a post closing trial balance is and why it is prepared at the end of a fiscal period. They complete an outline and play online...
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Lesson Plan
Curated OER

Simulation and Accounting Practices

For Teachers 9th - 12th
  Students implement their knowledge about accounting practices into a simulation activity.  In this secondary consumer/business math lesson, students participate in a simulation centered on the life of the people during the...
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Lesson Plan
Curated OER

Entrepreneur Profit Balloon Game with Physical Education

For Teachers 4th
Fourth graders explore business by participating in physical activities. In this entrepreneur lesson, 4th graders define profit and how it is necessary to run a successful business. Students pop balloons with monetary values inside and...
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Lesson Plan
Curated OER

The Politics Of Taxation

For Teachers 9th - 12th
Students explain that taxation involves a compromise of conflicting goals and that lobbyists can influence lawmakers' decisions about taxes. They can explain why people of similar incomes often pay different tax rates and work in teams...
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Lesson Plan
Curated OER

Account-Recording Adjusting/Close Entries, Partnership

For Teachers 12th - Higher Ed
Students examine adjusting and closing entries for a partnership set up as a merchandising business. They participate in a game and online activities, read handouts, complete an outline, and take a quiz.
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Lesson Plan
Curated OER

LET YOUR FINGERS DO THE WALKING

For Teachers 4th - 5th
The student will recognize different information sources. 2. The student will use a telephone book as a resource for locating agricultural businesses and people with agriculture-related jobs.Discuss the purpose of the phone book, and...
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Lesson Plan
Curated OER

A Computer Model For a Recycling Center

For Teachers 9th - 12th
Learners develop a working model computer program of a recycling center addressing the material management, work schedules and business finances of running the recycling center.