(Minding Your Money)
This is the material for the Boss Your Budget Entrepreneur Badge. The guide for this is online, and the volunteer can help get your started.
You will work together to discover information about a business by examining some common business records. You’re the detectives!
We’ll also briefly examine some tax concepts, and you will do a quick tax calculation, together.
Once you complete the activity, be sure each person in your group takes the test using their own name (online, link below). And remember – you can get any help you need as you take the test.
Student Information
Work together to complete the four challenges, then each person should complete their own separate test. All your information is online.
- Challenge 1: Did this business make money? (Income Statements)
- Challenge 2: What is this business really worth? (Balance Sheets)
- Challenge 3: Leave a trail for your accountant (Transaction Journal)
- Challenge 4: Birdfood Express: A Tax Calculation
- EB-3 Test
Required Materials
- some scratch paper
Leader Information
Be prepared to help the group navigate to find the challenges online. Help them get discussion going for each challenge, and check in to see what results they get for each one. Quiz them on their results for the activities highlighted in yellow.