1. Managing Business Finances
Chapter 17
Managing Business Finances

2. Today’s Schedule Review Yesterday’s Quiz Homework Check & Review
Various Group Work Sessions
Assignment of Homework
Quiz

3. Yesterday’s Quiz Answers 1. Either: 2. Two of the following Three
Manage funds & make sure business is meeting financial obligations
Find sources for additional funds
Plan long-range financial goals
Any variation of the above
2. Two of the following Three
Start-up, Cash, Operating
3. Balance Sheet, Income Statement, Statement of Owners Equity
E.C. – 17th Century or 1600s (Same thing)

4. Homework Check & Review

5. Group Scenario 1 Assign one person in the group as the speaker
Each group is a business owner
Determine your own business
Make decisions about business finances
Outline the financial plan of the business
Identify your assets
Decisions about the Purchase/Sale of assets
Address Accounting requirements
Refer to pages 271 – 272 for help

6. Group Scenario 2 School is forming a T-Shirt Company
What items are needed?
What will the cost of items be?
How much will student workers earn
What is total payroll each week?
How will start-up money be raised?
For how much will shirts sell?
What are expected sales and income?
Will the company profit?
How will the company manage its financial needs, expenses and goals over the next six months?
Will there be any economic changes in the school?

7. Homework Workbook Page 117 Page 118 – Follow Directions
Develop your own definitions for each of the words. (Do NOT use your book or your notes, actual word search is optional)
Page 118 – Follow Directions
Page 119 – Follow Directions
Page 120 – Follow Directions

8. Quiz
_______ is equal to the total assets of the business minus the total liabilities (4 points)
An accounting period for a company is a(n) ________ (3 points)
A report on the financial state of a company on a certain date is called ______ (3 points)
Extra Credit – Who is the chairman of De La Salle’s Board of Directors (extra point for his graduating class year).