Pdf high school business finance curriculum

Pdf File 238.63 KByte,

Grade 10th ? 12th, 1 Credit Elective Course

High School Business Finance Curriculum

Course Description: Have you wondered how businesses handle and raise money? By incorporating critical thinking and problem solving skills, class participants will explore both individual and business money management issues. Students will gain knowledge of business management, business law, accounting, and investment. This course will examine how businesses raise the capital they need to start and sustain their organization, learn how to fiscally manage risks, and understand how to gain investors.

Scope and Sequence:

Timeframe

Unit

3 Weeks

Business Ownership, Trends and Funds

7 Weeks

Accounting

8 Weeks

Business Law

Instructional Topics

Topic 1: Types of Businesses Topic 2: Careers and Trends Topic 3: Capital Funding

Topic 1: Accounting Cycle Topic 2: Cash Control Topic 3: Payroll

Topic 1: Introduction to Law Topic 2: Employment Law Topic 3: Contract Law

Unit 1: Business Ownership, Trends and Funds

Subject: Business Finance Grade: 10-12 Name of Unit: Types of business and funding Length of Unit: 3 Weeks Overview of Unit: This unit is a review of the basic types of business ownership and organization structure. It also includes an in depth look at the different ways these business structures can raise capital. Lastly, the students will research modern day trends and economic factors that influence business operations. In this unit the students will be able to identify business types, explain the different capital funding options and recognize the economic trends that affect a business's future success. Priority Standards for unit:

Compare and Contrast different types of business ownership DESE.BUSINESSECONOMICS.PRODUCTION.11.

Identify sources of financing (capital). DESE.BUSMANAGEMENT.FINANACIALMANAGEMENT.1

Identify the types and availability of careers determined by labor market supply and demand. DESE:Business Economics.Careers.1

Supporting Standards for unit: Introduce the lending function (for business) DESE.BANKINGANDFINANCE.LENDINGPROCESS.1 Evaluate the various ways of using credit and the costs of usage. DESE: Banking and Finance.Credit.5 Evaluate the various ways of using credit and the cost of usage. DESE.BANKINGANDFINANCE.CREDIT.5 Introducing the importance of credit lending through banking. DESE.BANKINGANDFINANCE.CREDIT.1 Use a decision making process in selection of possible career choices. DESE:Business Economics.Careers.3 Assess the impact of sociological, economic, and technological change on future careers. DESE:Business Economics.Careers.4 Students use digital media and environments to communicate and work collaboratively, including at a distance, to support individual learning and contribute to the learning of others (ISTE 2 - Communication and Collaboration). Communicate information and ideas effectively to multiple audiences using a variety of media and formats. Contribute to project teams to produce original works or solve problems. Students apply digital tools to gather, evaluate, and use information (ISTE 3 - Research and Information Fluency). Plan strategies to guide inquiry. Locate, organize, analyze, evaluate, synthesize, and ethically use information from a variety of sources and media. Evaluate and select information sources and digital tools based on the appropriateness to specific tasks.

Board Approved: May 12, 2016

2|Page

Unwrapped Skills

Unwrapped Concepts (Students need to be able to Bloom's Taxonomy

(Students need to know)

do)

Levels

Webb's DOK

different types of business

ownership

Compare, Contrast

Understand

2

sources of financing

(capital)

Identify

Remember

1

the types and availability of

careers determined by labor

market supply and demand

Identify

Remember

1

Board Approved: May 12, 2016

3|Page

Essential Questions: 1. How are businesses organized? 2. How do the different types of businesses raise capital? 3. Why is it important to identify factors that influence careers?

Enduring Understanding/Big Ideas: 1. Businesses are usually organized differently depending on size and power structure (sole proprietorship, corporation, partnership). The smaller private companies usually start as a sole proprietorship or partnership. As the company grows or scales up its operations, a different power structure may be needed. 2. Depending on the size and structure of the company, they will receive funding through government aid, business loan, or issuing stocks or bonds. There are local bank and government options for the smaller companies, as the funding needs grow, a more public and national source of funding may be needed. 3. The business environment is always changing (i.e. technology, social media) adapting to new trends through market research analysis will help a business make better decisions and to achieve financial success.

Unit Vocabulary: Academic Cross-Curricular Words

Content/Domain Specific

Bonds Capital Career Corporation Incorporated Limited Liability Company (LLC) Partnership Sole Proprietorship Stocks Trends Venture Capitalist

Resources for Vocabulary Development: Quality Tools

Board Approved: May 12, 2016

4|Page

Topic 1: Types of Businesses

Engaging Experience Title: What Type of Business Do I Want to Start? Suggested Length of Time: 1 Day Standards Addressed

Priority: Compare and Contrast different types of business ownership

Supporting: Evaluate the various ways of using credit and the costs of usage. DESE: Banking and Finance.Credit.5 Evaluate the various ways of using credit and the cost of usage. DESE.BANKINGANDFINANCE.CREDIT.5 Introducing the importance of credit lending through banking. DESE.BANKINGANDFINANCE.CREDIT.1

Detailed Description/Instructions: The teacher will explain each type of business (corporations, partnerships, sole proprietorships) and provide advantages and disadvantages of each. Students will record vocabulary and facts. A brainstorming session will take place to discuss where the different companies might get funding to fuel new growth. Bloom's Levels: Understand Webb's DOK: 2 Rubric: Class participation

Engaging Experience 2 Title: What's in your Neighborhood? Suggested Length of Time: 3 Days Standards Addressed:

Priority: Compare and Contrast different types of business ownership

Supporting: Evaluate the various ways of using credit and the costs of usage. DESE: Banking and Finance.Credit.5 Evaluate the various ways of using credit and the cost of usage. DESE.BANKINGANDFINANCE.CREDIT.5 Introducing the importance of credit lending through banking. DESE.BANKINGANDFINANCE.CREDIT.1 Students apply digital tools to gather, evaluate, and use information (ISTE 3 Research and Information Fluency). Plan strategies to guide inquiry. Locate, organize, analyze, evaluate, synthesize, and ethically use information from a variety of sources and media. Evaluate and select information sources and digital tools based on the appropriateness to specific tasks.

Detailed Description/Instructions: The teacher and students will complete the following in order:

Board Approved: May 12, 2016

5|Page

1. The teacher will divide the class into groups of 3-4 students. Ask each group to compile a list of questions they would like to ask an entrepreneur about his or her business. Ask the groups to share their lists and write the questions on white board/smart board. The class will discuss the information. As a class, students and the teacher will create a guide with questions to ask a local business owner for actual interview. Allow students a couple of days to conduct their interview.

2. Students will return to their groups and identify and develop profiles of businesses in the local community that are representative of each of the three types of business organizations. If they do not have all three types represented they will need to find a group who has the missing type. Each group will submit a Word document using table format with their information.

3. Students will research the most probable type of funding used by the different neighborhood companies and why they think that might be the best choice for this type of business.

Bloom's Levels: Understand Webb's DOK: 2 Rubric: To be created

Board Approved: May 12, 2016

6|Page

Download Pdf File