BUSINESS HIGH SCHOOL-RECORD KEEPING

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Presentation transcript:

BUSINESS HIGH SCHOOL-RECORD KEEPING Keeping a Personal Budget Analyzing Budgets Budget Records Unit 2 Keeping a Family Budget Keeping a Business Budget Essential Learning Expectations: Why is learning to plan and complete a budget a necessary skill for young adults? Why do both businesses and individuals use budgets? How are the use of classifications helpful when establishing and using budgets? How might a business estimate its receipts and payments? What happens to individuals/businesses that cannot pay its bills or does not spend their money wisely? Why is it recommended for businesses to compare actual budget figures with planned receipts and payments? Content Vocabulary: Budget variance report Crossfooting Classifying Spreadsheet Variance