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Reports and Business PlansUnit 08

+Reports and Business Plans

Concept of Unit Key Learning Unit Essential Question

Reports and Business Plans

Businesses rely on reports to communicate all types of information so that managers can make important decisions.

What essential parts make up a business plan?

+Lesson Essential Questions

Presimulation Report

Audit Reports

Business Plans

Financial Statements

What is the purpose of preparing a presimulation report?

What is the purpose of an audit?

Why are businesses audited?

What are the advantages and disadvantages of being an entrepreneur?

What are the different type of business ownerships?

What are the essential parts of a business plan?

How do manager’s use financial statements?

+Vocabulary

Presimulation Report

Audit Reports

Business Plans

Financial Statements

1. Orientation 1. Audit EntrepreneurBusiness planMission statementsole proprietorshipPartnershipCorporationLimited liability

companyCustomer profileExecutive summary

Statement of income

Balance sheetAssetsLiabilitiesOwner’s equity

+Presimulation ReportTuesday 4/13

1. Read Unit 8 Reports and Business Plans, page 241

2. Read 8.1 Preparing a Presimulation Report, page 242-244

3. Complete the open outline for 8.1 by using the Unit 08 PowerPoint (found in e-mail with Unit 08 open oultine)

4. Complete Activity 8.1 Preparing A Presimulation Report, page 275-276. View the next slide for more information regarding assigned businesses, individual, or partner activity.

5. Work on Unit 08 Vocab Matrix: definition, term, image, notes

6. Complete Quiz of the Day: What is the purpose of preparing a presimulation report?

+8.1 Preparing a Presimulation Report.Assigned BusinessesEach person is assigned a specific Mean Jeans business, however, there will be three groups that have partners to complete this activity. See below.

FIRST LAST BUSINESS FIRST LAST BUSINESS

Lauren Barlow Hollywood & Vine Videos Alexis Lamp Pettisville Bank

Kenneth Becker 18 Wheeler Truck Lines Taylor Leonard Popular Designs

Kathryn Derreth Creative Advertising Agency Amy Spigelmyer The Clothes Closet

Aubrie Kincaid Noveau Investment Company Kristina Tully The Towne Crier

Samantha Korman Passports-2-Go Tisha Smith Taylor Office Supplies

Jessica Kulka Pettisville Post Office Tess Weaver United Communications

O Breck Debnam Buckeye Equipment & David Tuil Buckeye Equipment

Nicholas Haines Lee Community Center & W Dwight Johnson Lee Community Center

Lauren Stiff The Denim Maker & Jessica Weaver The Denim Maker

+Audit Summary Wednesday 4/14

1. Read 8.2 Compiling Audit Reports, page 245-248

2. Complete the open outline for 8.2 by using the Unit 08 PowerPoint (found in e-mail with Unit 08 open outline)

3. Using ExamView Player, complete the checkpoints for 8.1&2, EV password: presimulation

4. Using ExamView Player, Complete Activity 8.2 Completing an Audit Summary. Use your student reference book, academic portfolio site, and vocab matrix to complete.

5. Work on Unit 08 Vocab Matrix: definition, term, image, notes

6. Complete Quiz of the Day: What is the purpose of an audit?

+Business Plan Thursday 4/14

+Business Plan Friday 4/15

+Presimulation ReportTuesday 4/13