+ Reports and Business Plans Unit 08. + Reports and Business Plans Concept of UnitKey LearningUnit Essential Question Reports and Business Plans Businesses.

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Presentation transcript:

+ Reports and Business Plans Unit 08

+ Reports and Business Plans Concept of UnitKey LearningUnit 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.Orientation1.AuditEntrepreneur Business plan Mission statement sole proprietorship Partnership Corporation Limited liability company Customer profile Executive summary Statement of income Balance sheet Assets Liabilities Owner’s equity

+ Presimulation Report Tuesday 4/13 1. Read Unit 8 Reports and Business Plans, page Read 8.1 Preparing a Presimulation Report, page Complete the open outline for 8.1 by using the Unit 08 PowerPoint (found in with Unit 08 open oultine) 4. Complete Activity 8.1 Preparing A Presimulation Report, page 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 Businesses Each person is assigned a specific Mean Jeans business, however, there will be three groups that have partners to complete this activity. See below. FIRSTLASTBUSINESSFIRSTLASTBUSINESS LaurenBarlowHollywood & Vine VideosAlexisLampPettisville Bank KennethBecker18 Wheeler Truck LinesTaylorLeonardPopular Designs KathrynDerrethCreative Advertising AgencyAmySpigelmyerThe Clothes Closet AubrieKincaidNoveau Investment CompanyKristinaTullyThe Towne Crier SamanthaKormanPassports-2-GoTishaSmithTaylor Office Supplies JessicaKulkaPettisville Post OfficeTessWeaverUnited Communications O BreckDebnamBuckeye Equipment&DavidTuilBuckeye Equipment NicholasHainesLee Community Center&W DwightJohnsonLee Community Center LaurenStiffThe Denim Maker&JessicaWeaverThe Denim Maker

+ Audit Summary Wednesday 4/14 1. Read 8.2 Compiling Audit Reports, page Complete the open outline for 8.2 by using the Unit 08 PowerPoint (found in 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 Report Tuesday 4/13