Monday, January 30th- 8th Grade- Functions of Business- Accounting

Archdale-Trinity Middle School Lesson Plan
Date: 01-30-2017

Teacher:	Witkowski
Lesson/Unit Topic:	Purpose of Business- Goods versus Services
Standards:	NCCTE.BU20.01.01 Understand the purpose and the functions of business.

“I Can…” Statement
I can explain what an Accounting department does.	.

Literacy/Vocabulary Strategies (Word Wall)

Discuss Word Wall A good is a physical product that you sell.  https://upload.wikimedia.org/wikipedia/commons/a/a1/Lille_Meert2.JPG

Bell-Ringer/Connecting Strategy

1. Finish the Why Study 5 picture assignment 2. Go to wclassroom 3. Go to my computer then student docs then Witkowski folder then  Exploring Business folder then Business folder then  open Powerpoint 1.01 Purpose of Business

Lesson-Instructional Strategies & Procedures for Teacher and Students (Detailed Plans Including Best Practices, Researched Based Strategies)

Guided Lesson: @ Save 1.01 Bellringer for Purpose and Functions file to your lunch number @ The class will complete the first bellringer question together.   @ Functions of a business- ACCOUNTING @Accounting- writing payroll checks and purchasing inventory https://www.moneyinstructor.com/docs/pdf/checkspage.pdf  Let's pretend you are the New England Patriot's Accountant and you need to write three checks. 1. You need to write a payroll check to Tom Brady for 1 million dollars. Date should be                    1/30/2017 Pay to the Order should be Tom Brady $ amount should be             $1,000,000 Written amount should be    one million dollars For should be                       salary 2. You need to purchase inventory, a new player needs a NFL team uniform, from the NFL Clothing Store for $2000 Date should be                    1/30/2017 Pay to the Order should be NFL Clothing Store $ amount should be             $2,000 Written amount should be    two thousand dollars For should be                       team uniform 3. You need to pay taxes to the United States Treasury for 2 million dollars                       Date should be                    1/30/2017 Pay to the Order should be United States Treasury $ amount should be             $2,000,000 Written amount should be    two million dollars For should be                       taxes @Accounting- preparing income statements that show profit and loss http://study.com/academy/lesson/what-is-an-income-statement-purpose-components-format.html sample of an income statement http://www.accountingcoach.com/wp-content/uploads/2013/10/04X-table-02@2x.png Click on this link. http://www.forbes.com/lists/2011/30/nfl-valuations-11_New-England-Patriots_307338.html What is the revenue for the owner of the New England Patriots? What is the team expense? @ Accounting- preparing cash balance sheets that show money and assets http://study.com/academy/lesson/the-balance-sheet-purpose-components-format.html (stop at 2:30) sample of a cash balance sheet https://qbservices.net/wp-content/uploads/2013/12/Figure4.png What are the assets for the New England Patriots? @ Accounting- https://www.youtube.com/watch?v=cexULeQiCjA    O https://www.youtube.com/watch?v=Trihh1raRjU    BBT  @ Management https://www.youtube.com/watch?v=wfsRAZUnonI @Why Gamers make Good ManagersHow many people have played World of Warcraft? https://www.youtube.com/watch?v=PUtV0xgNLtM until 4:15 Independent Exercise: @ Save the Bell ringer template to your computer. @ Students will complete the Accounting Payroll Checks activity @ Students will work in pairs to take notes on the Functions of business and complete the next Bellringer questions @Review of Needs/Wants, Goods/Services/Why start a business and the accounting function   https://kahoot.it/#/

Exit Activity #1  Do you agree that gamers manage multiple items? Why? Give an example.