Direct Instruction Lesson Plan Template

Grade Level/Subject: 4th Grade/Social

Studies

Central Focus: Checking accounts

Essential Standard/Common Core Objective:

4.E.2.1 Explain how personal financial decisions such as spending,
Date submitted:
Date taught:
saving and paying taxes can positively and/or negatively
affect everyday life.
Daily Lesson Objective: After learning about checking accounts, students will demonstrate the ability to endorse a
paycheck, complete a deposit ticket and check register correctly. Students will complete the application activity 2. To be
successful students must correctly fill out a paycheck, endorse their partners paycheck and fill out the deposit ticket.
21st Century Skills:
Academic Language Demand (Language Function and Vocabulary):
Language Function: explain
Vocabulary: paycheck, income, CFO, endorse, money management,
transaction, deposit ticket, less cash received, net deposit
Prior Knowledge: Students should know what a right and a responsibility is. They should also know about supply and
demand is. Students should know about scarcity and choice in a market economy and they should know about the basic
concepts of a market economy.
Activity

1. Focus and Review

2. Statement of Objective
for Student

3. Teacher Input

Description of Activities and Setting

Ask students if they know what a paycheck is. Explain that at JA Biztown,
each students paycheck will come from his or her business. Tell students to
look at the back of their Citizen Guide and have them name some of the
businesses they see there. Ask them were they would like to work (JA
Biztown). I used to work at the restaurant. Give them the example of how
chilies would write me a paycheck for my hard work.
Today you will be learning about how to write, endorse, and deposit a
paycheck. After we practice you will write your own check by creating your
own business name and with a partner you will endorse there check and
complete a deposit ticket.
Show the PowerPoint. Turn to page 16 in your guide to see what your
paychecks, deposit ticket, and check register might look like at JA Biztown.
*Show the first slide on PowerPoint and tell the students which is the
paycheck, deposit ticket, and check register. Tell them the parts of the deposit
ticket. You have to fill this deposit ticket out to deposit your paycheck into
your account. Deposit means your money will go into your bank account. This
is a record of the money you are putting in your checking account. You only
have to sign a deposit ticket when you want money back.
As you are depositing a check at the bank, you can also ask for some
cash back at the same time. This is called less cash received. You
have to sign this ticket also to receive your cash. The net deposit is
the amount of money that will be placed into your account after you
have subtracted the cash back you want.
*This is a paycheck. A paycheck will be your source of income for each of
you at JA Biztown. Can anyone tell me what income is? Income is the money
people earn for their work. Tell them the parts of this check. Since Jennifer is
writing this check to JA Biztown Bank, 1.50 will be coming out of her bank
account. The CFO, which is the Chief Financial Officer who is responsible
for a businesss finances will usually write in your name to the Pay to the
Order of line.

Time

5 min

1 min

20-25 min

*Last is called a check register. This is where you write all the charges that
affect your account. All the money that goes into your bank account and all
the money that is taken out of your bank account. Talk about what is written
on this check register.
I see that Jennifer made a deposit on July 1st, so in the deposit/credit
section she put 6.82 because that is the money she deposited. She
started with a 0.00 balance in her account, so she put a plus sign with
6.82 next to it to show 6.82 was added to her bank account. She wrote
a check to JA Biztown Bank on the same day for 1.50 so that money
came out of her bank account. She had to subtract that from the 6.82
that was put into her account. Notice how she is keeping track of all
her charges that goes in and out of her bank account.
*Show the second slide on the PowerPoint. Fill in all the parts of the deposit
ticket, paycheck, and check register.
*Next show the 3rd slide of endorsing paychecks. Say, In order to identify the
check as yours so this money to go into your bank account you have to
endorse the back of the check. This means to sign the back of the check. Let
me show you Do the questions with them.
*Show the last slide of Practicing Deposits. Answer the questions with them
and record the charges or credits that affect the account.
In order to be successful at JA Biztown you need to have good money
management skills. Does anyone know what money management means? It
is doing things to manage your money like being able to write a check and
keep track of the money in your account. Every time someone does business
with a bank, they are doing a transaction, which is a fancy bank word that
means an agreement or exchange. Today you are going to practice some of
these skills

Students will do page 17 and 18 in their citizen guides with their partner. As
students are working go around and CFU and answer any questions the
students may have.

4. Guided Practice

5. Independent Practice

Questions to ask:
What is this part on the paycheck? (point to different parts of the
paycheck)
Why do you endorse a paycheck?
If you have a balance of 10.00 in the bank and your net deposit is
8.00, how much will you have in the bank?
Do you understand the different parts of a paycheck?
Do you understand the different parts of a deposit ticket?
Do you understand the different parts of a check register?
Students will complete the application activity 2 where they will be the CFO
and invent the name of a business and make a check out to their partner. With
their partner they will trade guides and endorse it and then fill out the deposit
ticket. Once finished the citizen guides will be returned to their owner.
I will do the summing it up activity from the financial literacy packet where
students will but their thumb up for true and thumb down for false.
Summing It Up Questions:
Writing a check is one way people withdraw money for a checking

10 min

15-20 min

account. (True, thumbs up)

You must always sign a deposit ticket (False, thumbs down. You only
sign when receiving cash back).
All transactions should be recorded in the check register. (True,
thumbs up).

Informal assessment: I will observe the students as they are working in partners on citizen
guide pages 17 and 18. Summing it up activity will also help me to assess if they have
mastered these skills.

6. Assessment Methods of
all objectives/skills:

Formal assessment: Students will complete application activity 2: paycheck practice with a
partner, but they will fill out their own paycheck, endorse their partners paycheck and fill
out the deposit ticket.

7. Closure

Mastery: They fill out all the parts of a paycheck, endorse their partners paycheck, and fill
out the deposit ticket correctly.
Partial Mastery: They get 2 out of the 3 areas right from above ^.
No Master: They dont fill out any of the parts correctly.
What did you learn today about paychecks? So when you go to Biztown
1-2 min
where will your source of income come from?

8. Assessment Results of
all objectives/skills:
Targeted Students Modifications/Accommodations:

Student/Small Group Modifications/Accommodations:

For the low readers provide them with copies of the examples
from the smartboard presentation to keep as a reference.

Materials/Technology:
(Include any instructional materials (e.g., worksheets, assessments PowerPoint/SmartBoard slides, etc.) needed to implement the lesson at the end of the lesson plan.)

Smartboard presentation
Citizen guide books pages 16-18 for students
Application activity 2
References:
https://www.dropbox.com/sh/bz33nzqv03dwy39/AAC765EnRnCK1vSfH5CsIP6Xa?dl=0
https://www.juniorachievement.org/web/programs/resources
JA Biztown Financial Literacy Lesson 2: Checking Accounts packet given to me from my cooperating teacher
Reflection on lesson (if taught):