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LAP-FI-010, The Right Balance (The Nature of Balance Sheets) (Download) Financial Management, Budgeting, Recordkeeping, Financing, Accounting
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MBA Research Item #: LAP-FI-010 -

Just like a snapshot, a financial statement called the balance sheet captures an exact moment in time—for a company’s finances. Teach your students what balance sheets are and why they’re important. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about the nature of balance sheets, a (So What?) discussion of why it's important to learn, ideas...

LAP-FI-085, Show Me the Money (Nature of Accounting) (Download) LAP-FI-005, Budgeting, Recordkeeping, Financing
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MBA Research Item #: LAP-FI-085 -

Though it might not seem as “glamorous” as inventing new products or creating marketing campaigns, accounting is an absolutely vital part of business success. Teach your students about the importance of accounting—what it is, why businesses need it, and how they use it. Explain to them the difference between managerial and financial accounting, and help them discover each step in the accounting cycle. LAPs are comprehensive instructional packages that include all elements of a...

LAP-FI-091, Count the Cash (Cash Flow Statements) (Download) LAP-FI-006, Financial Management, Budgeting, Recordkeeping, Financing
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MBA Research Item #: LAP-FI-091 -

Open your students’ eyes to the significance of cash flow in business! The LAP Count the Cash explains the importance of maintaining a positive cash flow to pay expenses, invest, and expand a business. It includes discussions of how entrepreneurs find funding and manage cash with limited resources as well as the challenge of managing inconsistent cash flows due to seasonal business. An explanation of how cash flow is determined is also included. LAPs are comprehensive instructional packages...

LAP-FI-094, Watch Your Bottom Line (Income Statements) (Download) LAP-FI-004, Financial Management, Budgeting, Recordkeeping, Financing
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MBA Research Item #: LAP-FI-094 -

What do the terms earnings statement, operating statement, and profit-and-loss statement have in common? They're all names for the income statement. Help your students learn about these important financial documents with Watch Your Bottom Line. Readers will gain an in-depth knowledge of the various components of income statements and will discover why it’s so important for these documents to be accurate and up to date. LAPs (Learning Activity Packages) are comprehensive instructional packages...

LAP-FI-343, Control Issues (Internal Accounting Controls) (Download)
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MBA Research Item #: LAP-FI-343 -

Internal accounting controls, such as separation of duties, documentation, and auditing, are the safeguards meant to protect a business’s financial assets and information against loss from error or fraud. Teach your students what these controls are and why they’re so important! LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about internal...

LAP-FI-351, With Due Care (The Role of Ethics in Accounting) (Download) Financial Management
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MBA Research Item #: LAP-FI-351 -

Accountants provide an important service to society, and therefore, they have a duty to be ethical. With Due Care (The Role of Ethics in Accounting) describes the importance of ethics to all types of accountants. It focuses on the purpose of ethics in accounting and the benefits that businesses receive from ethical accounting practices. This LAP also explains several key principles that accountants should follow to maintain ethical behavior.LAPs are comprehensive instructional packages that...

LAP-FI-579, By the Numbers (The Need for Financial Information) (Download) LAP-FI-009, Financial Management, Budgeting, Recordkeeping, Financing, Accounting
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MBA Research Item #: LAP-FI-579 -

Financial information is important for all of us – but especially important for businesses! Using this LAP, teach your students about the types of financial information businesses use as well as how they use it. In the activities, students will get hands-on experience with financial information, helping them better understand the various characteristics of quality financial information. LAPs (Learning Activity Packages) are comprehensive instructional packages that include all elements of a...