Preparing your students for FETCH!

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Preparing your students for FETCH!

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Thank you for registering your classroom to participate in The Ohio CPA Foundation’s FETCH! program. Listed below are several things you can do in advance to prepare your students for the event.

This teacher packet includes: Student vocabulary words

Vocabulary quiz (used for the pre- and post-event assessment) Vocabulary quiz answer key

Vocabulary quiz scoring sheet

ASSESSING LEARNING OUTCOMES:

• Specific money management terminology will be used when a Certified Public Accountant (CPA) comes to your classroom to facilitate the FETCH! game with your students. To prepare for the program, please review the enclosed student vocabulary words with your class (but not before you administer the first quiz – see below).

• A short vocabulary quiz for students to take both before and after playing FETCH! is included in this packet. This quiz will help assess students’ knowledge before participating in the program and reveal what students learned as a result of participating in FETCH!. The pre-and post-event quizzes are identical.

• Before reviewing the vocabulary words with the class, have students take the quiz. Do this one to two days before FETCH! is presented in your classroom. Although they may not understand all of the terminology, ask students to do their best in completing the quiz. Once the students finish, please collect and grade the tests. Record the results in the Pre-Event Assessment column on the Vocabulary Quiz Scoring Sheet.

• After students have taken the pre-event quiz, please review the vocabulary words and their meanings with the students. This will help prepare them to play FETCH!.

• On the day of the event after playing FETCH! with CPA volunteers, please give the students the quiz again as a post-event assessment. Once finished, collect the tests, tally the students’ scores and record the results in the Post-Event Assessment column on the Vocabulary Quiz Scoring Sheet. • Once completed, please send the Vocabulary Quiz Scoring Sheet to The Ohio Society of

CPAs via fax at 614.764.5880, Attention: Mandy Hohler or email [email protected]. Please submit the form by December 5.

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ADDITIONAL CLASS PREPARATION TIPS:

• Before the volunteers arrive, please group your students into teams of four or five with a maximum of six groups. Consider grouping students with varied math skills as FETCH! will require teams to solve age-appropriate math problems.

• Addition and subtraction of double digit negative numbers will occur while playing FETCH!. Teaching a lesson or reviewing basic negative number math problems in advance of playing FETCH! will benefit your students.

• Reviewing percentages will also help prepare your students for FETCH!.

• Please plan to stay in the room while the CPA volunteers conduct FETCH!. They may need your help periodically throughout the program.

Student Vocabulary Words

Accounting A way to keep track of money and

possessions.

Balance The amount of money in an account

determined by subtracting debits (money taken out) and adding credits (money that you receive).

Budget An estimate of the money you will earn, spend,

and save over time. A plan for using money. Certified Public Accountant An accountant who is specially trained and

licensed to practice public accounting.

Cost The amount of money that must be paid to buy

something – also called the purchase price.

Donation A gift of money or something valuable to help

a person or organization.

Earnings The amount of money made or earned; salary.

Expenses The amounts of money spent to buy things.

Food, clothes, cars, rent, and cell phones are examples.

Register A report that shows the money coming in and

going out of an account.

Risk The possibility of losing or gaining money or

valuable things.

Savings Account An account for depositing and withdrawing

money that pays interest.

Spend To pay money to get something.

Ten Percent One tenth of a number, for example: 10

percent of 200 is expressed as .1 x 200 = 20 or 200/10=20).

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Vocabulary Quiz

Directions: Test your knowledge of financial vocabulary! In the space provided, write the letter of the

vocabulary word that matches the definition listed. This will help you play the game FETCH! and test your knowledge of financial vocabulary.

____ 1.) The amount of money that must be paid to buy something – also called the purchase price. a. Budget b. Donation c. Cost d. Accounting

____ 2.) The amount of money in an account determined by subtracting debits (money taken out) and adding credits (money that you receive).

a. Earning b. Balance c. Spend d. Certified Public Accountant ____3.) The possibility of losing or gaining money or valuable things.

a. Risk b. Register c. Donation d. Savings Account ____4.) The amount of money made or earned; salary.

a. Earning b. Cost c. Expenses d. Withdraw

____5.) One tenth of a number, for example: 10 percent of 200 is expressed as .1 x 200 = 20 or 200/10=20). a. Spend b. Ten Percent c. Budget d. Register

____6.) An estimate of the money you will earn, spend and save over time. A plan for using money. a. Savings Account b. Expenses c. Accounting d. Budget

____7.) A gift of money or something valuable to help a person or organization. a. Balance b. Earning c. Donation d. Risk ____8.) An account for depositing and withdrawing money that pays interest.

a. Savings Account b. Budget c. Register d. Accounting ____9.) To take money out of an account.

a. Withdraw b. Spend c. Ten Percent d. Cost

____10.) The amounts of money spent to buy things. Food, clothes, cars, rent and cell phones are examples. a. Risk b. Accounting c. Expenses d. Register

____11.) An accountant who is specially trained and licensed to practice public accounting.

a. Ten Percent b. Earning c. Budget d. Certified Public Accountant ____12.) A report that shows the money coming in and going out of an account.

a. Donation b. Register c. Cost d. Balance ____13.) A way to keep track of money and possessions.

a. Spend b. Accounting c. Risk d. Balance ____14.) To pay money to get something.

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Vocabulary Quiz – Teacher Answer Key

Directions: Please grade the students’ quizzes and record their scores under the appropriate column on the Vocabulary Quiz Scoring Sheet. Once complete, send the form to The Ohio Society of CPAs via fax at 614.764.5880, Attention: Jerad Wood or email [email protected] by November 27.

__C__ 1.) The amount of money that must be paid to buy something – also called the purchase price. a. Budget b. Donation c. Cost d. Accounting

__B__ 2.) The amount of money in an account determined by subtracting debits (money taken out) and adding credits (money that you receive).

a. Earning b. Balance c. Spend d. Certified Public Accountant __A__3.) The possibility of losing or gaining money or valuable things.

a. Risk b. Register c. Donation d. Savings Account __A__4.) The amount of money made or earned; salary.

a. Earning b. Cost c. Expenses d. Withdraw

__B__5.) One tenth of a number, for example: 10 percent of 200 is expressed as .1 x 200 = 20 or 200/10=20). a. Spend b. Ten Percent c. Budget d. Register

__D__6.) An estimate of the money you will earn, spend and save over time. A plan for using money. a. Savings Account b. Expenses c. Accounting d. Budget

__C__7.) A gift of money or something valuable to help a person or organization. a. Balance b. Earning c. Donation d. Risk __A__8.) An account for depositing and withdrawing money that pays interest.

a. Savings Account b. Budget c. Register d. Accounting __A__9.) To take money out of an account.

a. Withdraw b. Spend c. Ten Percent d. Cost

__C__10.) The amounts of money spent to buy things. Food, clothes, cars, rent and cell phones are examples. a. Risk b. Accounting c. Expenses d. Register

__D__11.) An accountant who is specially trained and licensed to practice public accounting.

a. Ten Percent b. Earning c. Budget d. Certified Public Accountant __B__12.) A report that shows the money coming in and going out of an account.

a. Donation b. Register c. Cost d. Balance __B__13.) A way to keep track of money and possessions.

a. Spend b. Accounting c. Risk d. Balance __D__14.) To pay money to get something.

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SCHOOL NAME_____________________________________________________________________ TEACHER NAME___________________________________ GRADE LEVEL____________________ TOTAL # OF PARTICIPATING STUDENTS__________________________________________________ DIRECTIONS:

The purpose of the FETCH! vocabulary quiz is to assess students’ knowledge before participating in the program and reveal what students learned as a result of playing FETCH!. This sheet is for recording the students’ vocabulary test scores from the pre- and post-event assessment. Before the FETCH! program, please administer the vocabulary pre-test. After grading the tests, please list the students’ scores under the column labeled Pre-Event Assessment. Tally the students’ scores and write the total number of students that received each score in the corresponding row. (For example, 14/14 – 7 students, 13/14, 2 students, etc.) After students play FETCH! with CPA volunteers, please give students the same vocabulary test once again. Collect and grade the tests and list students’ compiled test scores under the Post-Event Assessment column. Once completed, please send this document to The Ohio Society of CPAs via fax at 614.764.5880, Attention: Mandy Hohler or email [email protected]. Please submit this form by December 5.

Preparing your students for FETCH!