Friday, September 2nd- 8th Grade- Goods versus Services and the Accounting function

	Archdale-Trinity Middle School Lesson Plan
Date: 09-02-2016

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 decide between goods and services. I can tell you why people start businesses.	.

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. Open your Bellringer file 4. 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 5. Complete Day 2 Bellringer (Answers are on slides 7 and 9)

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

Guided Lesson: @ Open 1.01 Bellringer for Purpose and Functions file to your lunch number @ The class will complete the Day 2 bellringer question together. @ Services vs. Goods https://www.youtube.com/watch?v=hriOz9yl-Ro   @ Why start a business?   @ Functions of a business @Accounting- writing payroll checks and purchasing inventory https://www.moneyinstructor.com/docs/pdf/checkspage.pdf  Write a check for an employee's pay, write 2 checks for inventory purchases @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 @ 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 @ 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: @ Students will work in pairs to take notes on the Functions of business @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.