Apply the knowledge learnt to designing financial software for small businesses.
Objectives/Lesson Outcomes:</li></ul>Students will be able to:<br />Understand the importance of the theory learnt in the classroom and its basis in the real world.<br />Apply the knowledge learnt to a practical business and technological situation.<br />Impart the knowledge learnt in a clear and precise manner to parents, community members and small business owners.<br />Operate various technological software programs and devices that are required in the business field.<br />Design various programs, financial sheets and activities that broaden their knowledge and understanding of technology and its usage in the business field.<br /><ul><li>Overview of the Lesson</li></ul>There is a great demand for small business owners to understand and be able to track their business activities which includes, but not limited to, tracking daily operations, spending pattern and income. After 5 weeks of researching and analyzing the importance of Money Management, the students will apply the information gather to design an Accounting Software for small business owners in their community. The demand for this project stems from the fact that during recession periods, larger companies are affected the greatest and normally requires a larger sum of money for “bail out”. The small businesses, although affected, are still able to survive the recession period because of its small stable operation.<br />As a final year project students will develop a web based program using Adobe Flex that tracks the daily operations of a business: sales, purchases, income, expense, assets and liabilities. The program must produce quarterly reports including graphs and financial sheets such as Income and Expense, Cash Flow Statement, Expense Reports, Trial Balance, Balance Sheet. The program must be user friendly with computer assistive capabilities such as zoom, narration, speech recognition and easy navigation through pages with step by step instructions. The program will also support smart phone capability using ProOnGo Expense Receipt Reader to draft the expense reports.<br /><ul><li>Time Needed to Complete
Students will collaboratively work on this project for one month in groups of 3.
The lesson will be introduced using a concept map requiring the students to brain storm thoughts about Money Management. Each answer will be discussed in-depth so that the teacher can understand the students’ perspective on the concept.
Using Microsoft PowerPoint, the teacher will conduct a presentation which will recap the semester’s course work. The PowerPoint will consist of videos, audio and pictures in order to be appealing to the different learning styles of the students.
The teacher will introduce the project to the students by going over every detailed needed in order to fulfill the requirements of the lesson.
Students will be placed in their groups which will be randomly selected by the teacher. They will meet in their groups to design an outline of the steps required in order to complete the project and actions needed by each team member. A copy of this outline will be submitted to the teacher.
Students will decide on a small business in their community to design the software for and make contact with the managers in order to inform them of the project and require their permission to access company related information.
On a weekly basis students will meet in their groups and work on the presentation, the teacher will provide any guidance, assistance or clarification as required.
At the end of the 1 month, students will present the accounting software at the school’s annual Open School Day to their parents, community members, small businesses and the school population. They will be required to dress professionally and create a form of visual aid to support their presentation.
Each group will submit a portfolio detailing the activities that were engaged in, in order to complete the project and the importance of each phase.