Course __Agricultural Business____ Topic

Minutes: 45
New Vocabulary:

Balance Sheets

Teacher Miss Rudder

Instructional Goal/Rationale/Essential Questions

Why are balance sheets a valuable asset to businesses?

Performance Objectives (consider multiple levels of Blooms):
TLW

Reflection about and

or teaching to:
Learning Styles
___AR ___CR
___AS ___CS
___ Visual
___ Auditory
___ Kinesthetic
Diversity
___ Gender
___ Multicultural
___ Disengaged
___ Special Needs

I can identify the main components of a balance sheet.

I can contrast current and non-current items.
I can construct a mock balance sheet.

Standards:
AGBS: 03.03.a: Describe a financial balance sheet and uses of a financial balance sheet
AGBS: 03.03.c: Develop a personal financial balance sheet
Resources/Preparation/Material Needed:
Balance Sheet PPT
Guided Worksheet
Mock Balance Sheet
Time
Estimate

Introduction/Set/Focus/Attention Getter/Pre-assessment:
Write what assets and liabilities do you have right now?

Multiple
Intelligences
___ Verbal/Linguist
___ Logical/Math
___ Naturalist
___ Intrapersonal
___ Interpersonal
___ Musical
___ Kinesthetic
Instructional
Techniques
___ Inquiry
___ Direct Instruct
___ Coop Learning
___Concept
___Discussion
___Laboratory work
___Demonstration
___Other

Instructional Input/Body of Lesson

Teacher Actions
Meet at door with notecard. On board have these
questions written:
What are your assets right now?
What are your liabilities right now?
Power point lecture with guided notes sheet.
During Current vs. Non-current slides have them share
with a partner an example in a business that they know of
or have examples embedded and have them decide which
are current and non-current.
Once finished, give them a guided practice example with
formulated balance sheet and have them fill in the
appropriate functions and numbers. Check for answers at
the end of class or at the beginning of the next day to
gauge understanding and progress.

Technology Utilized

Questions for Discussion/CSU

What is an example of an asset for a Christmas Tree
Farm?
What is an example of a liability for a confined swine
operation?
What is a current asset that bakeries have?
What is a non-current asset that a feed store has?
What is a current liability that a cow/calf operation has?
What is a non-current liability that a dairy may have?
What is owners equity?
Why does owners equity matter?
Why would having a balance sheet for your business be
vital to its success?
What is meant by snapshot of the business when
referring to a balance sheet?

Guided Practice/Application:
Balance Sheet Mock
Review/Closure/CSU:
TOD: Three components of the balance sheet

Student
Actions/Expectations

Independent Practice/Homework/Lesson Extension:

Balance Sheet Mock
How are Objective/Standards Assessed in this lesson?
Discussion
TOD
Balance Sheet Mock
Modification/Accommodation/Adaptations
Powerpoint slides printed for those who need it
Guided Notes
Reflection