You Better Reconcile

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  • Lesson Identification and TEKS Addressed

    Cluster : Career Development

    Course : Career Portals: Middle School

  • TEKS Student Expectations

    • (5) The student understands personal financial management and recognizes the value of personal fiscal responsibility. The student is expected to:
      • (D) reconcile bank statements, including fees and services
  • Basic Direct Teach Lesson

    Instructional Objectives

    Students will:

    • determine the importance of reconciling a bank account
    • assess situations in which fees will be charged
    • demonstrate the ability to reconcile a bank account
  • Rationale

    Script:

    Now that you have learned how to maintain a bank account by correctly depositing and withdrawing funds, we are going to discuss how to reconcile a bank account. It is important that you know how to accurately complete this task in order to know exactly how much money is available in your account.

  • Duration of Lesson

    One 45 minute lesson plan

  • Word Wall

    Account Number: The account number assigned by a bank to a checking or savings account holder.

    Deposit: To place for safekeeping or in trust; to give as security or as part payment.

    Insufficient Funds: When a bank account does not contain enough money to cover a specific check.

    Outstanding Balance: The amount of money owed.

    Overdraft: A withdrawal of money in excess of the credit balance.

    Pending: Awaiting decision or settlement.

    Reconcile: Process used to compare two sets of records to ensure the figures are in agreement and are accurate.

    Transaction: The process of paying for an item or service.

    Withdraw: To remove from the banking account.

  • Materials/Specialized Equipment Needed

    Equipment:

    • computer with projector for PowerPoint™ presentation
    • copies of handouts (see All Lesson Attachments tab)
  • Anticipatory Set

    Before class begins:

    On a table in the center of the room, place various items related to banking.

    • checkbook
    • money
    • debit card and credit card
    • checkbook and check registry
    • bank statement
  • Allow students to observe the supplies and ask the following questions:

    • Has anyone ever seen a bank statement?
    • Do any of you have your own bank account?
    • Why is it important to know how much money you have in your bank account?

    Distribute handout You Better Reconcile Word Cloud (see All Lesson Attachments tab) and have students write down words that have to do with banking inside the dollar sign.

  • Direct Instruction with Special Education Modifications/Accommodations

    Introduce PowerPoint™, You Better Reconcile (see All Lesson Attachments tab). Students will be expected to take notes and follow along throughout the presentation. Encourage questions and discussion throughout presentation.

    Individual Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • checking for understanding
    • providing assistance with note-taking
    • supplying student with a copy of the PowerPoint™ presentation

  • Guided Practice with Special Education Modifications/Accommodations

    Distribute handout, How to Reconcile a Bank Account (see All Lesson Attachments tab). As a class, review the example provided at the end of the PowerPoint™ presentation.

    Individual Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • checking for understanding
    • allow the use of calculators

  • Independent Practice/Laboratory Experience with Special Education Modifications/Accommodations

    Distribute handout, Reconciling Your Account – Practice (see All Lesson Attachments tab) and have students complete individually. Keep students focused and on task while monitoring their work. Provide assistance as needed.

    Individualized Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • providing peer tutoring
    • extended time to complete the assignment
    • allow the use of calculators

  • Lesson Closure

    Review lesson objectives, terms and definitions.

    Allow students to add additional keywords inside of the You Better Reconcile Word Cloud (see All Lesson Attachments tab) dollar sign.

    Lead students in a discussion, asking the following questions:

    • Why is it important to reconcile a bank account?
    • What could you do if you realize your account is short on funds?
    • Is a bank statement or check registry a more accurate way to determine your account balance?

  • Summative/End of Lesson Assessment with Special Education Modifications/Accommodations

    Using their knowledge of reconciling a bank account, instruct students to write a how-to paper or create a visual depicting and explaining the process of reconciling a bank account.

    Individualized Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • graphic organizer to help outline thoughts
    • extended time to complete the assignment
    • list vocabulary for test
    • do not grade for spelling

  • References/Resources

    Websites:

  • Additional Required Components

    English Language Proficiency Standards (ELPS) Strategies

    • Word wall
    • Word cloud
    • Drawing visual representations. See Summative/End of Lesson Assessment.
  • College and Career Readiness Connection

    AchieveTexas Career Cluster Crosswalks

    The Career Cluster Crosswalks housed on the AchieveTexas website http://www.achievetexas.org/index.html provide Texas teachers with a direct connection between their CTE course TEKS and the College and Career Readiness Standards (CCRS). Language Arts, Mathematics, Science, Social Studies, and Cross-Disciplinary integration are the focus of the CCRS. These college and career readiness standards are essential in the planning and delivery of CTE lessons. The extent to which the integration occurs is determined by the methods and strategies utilized by each teacher.

    Career Cluster Crosswalks for Education and Training, Hospitality and Tourism, and Human Services Career Clusters can be found at:
    http://www.achievetexas.org/Career%20Cluster%20Crosswalks.htm

  • Recommended Strategies

    Reading Strategies

    • Encourage students to connect reading to their life experiences or prior knowledge.
    • Word Attack Strategies. Have students note words that are unfamiliar to them and decode the words. Allow students to add additional related terms to the lesson word wall.
  • Quotes

    Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.
    -Donald Trump

    Wealth consists not in having great possessions, but in having few wants.
    -Epictetus

  • Multimedia/Visual Strategies

    PowerPoint™:

    • You Better Reconcile
    • Presentation Notes: You Better Reconcile

    Video:

  • Graphic Organizers/Handout

    Graphic Organizer:

    • You Better Reconcile Word Cloud

    Handouts:
    • How to Reconcile a Bank Account
    • How to Reconcile a Bank Account – Key
    • Reconciling Your Account – Practice
    • Reconciling Your Account – Practice Key
    • Sample Bank Statement

  • Writing Strategies

    Journal Entries:

    • When reconciling your bank account, it is important to…

    Writing Strategy:

    • Create a check list summarizing the steps to take when reconciling a bank account.
  • Communication 90 Second Speech Topics

    • What is the purpose of having a check registry completed when reconciling your bank account?
    • Why is it important to keep a check registry and reconcile your bank account?
  • Other Essential Lesson Components

    Enrichment activity

  • Family/Community Connection

    Contact local banks in the area and offer to supply a copy of the Reconciling Checklist that was created in class. This checklist could be handed out to parents, school employees or banking customers to help remind them of the steps to take when reconciling their bank account.

  • CTSO connection

    STAR Events:

    • Applied Technology- An individual or team event: Recognizes participants who develop a project using technology that addresses a concern related to Family and Consumer Sciences and/or related occupations. The project integrates and applies content from academic subjects.
    • Chapter Service Project (Display and Manual): A team event – Recognizes chapters that develop and implement an in-depth service project that makes a worthwhile contribution to families, schools, and communities. Students must use Family Consumer Sciences content and skills to address and take action on a community need.
  • Service Learning Projects

    Successful service learning project ideas originate from student concerns and needs. Allow students to brainstorm about service projects pertaining to lesson. For additional information on service learning see:

    http://www.servicelearning.org

    See Family/Community Connections.

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