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Business & Finance

Finance Basics for Kids

Often conversations on entrepreneurship for young students focus on the idea phase but leave many questions about the financial aspects of building a business. If a student is to be successful in actually starting their own company, it's essential they learn about the financial aspects of entrepreneurship as well. This collection includes several resources for teaching students the basics of business finance.
A Collection By Teresa Potter
  • 8 Collection Items
  • 8 Collection Items
  • Discussion
Finance Basics for Kids
  • Teresa Potter says:
    Profit, and how it's different from revenue, is one of the foundational concepts of business finance. This video describes these concepts in kid-friendly terms.
  • Teresa Potter says:
    Basic accounting principles are essential to understand how a business actually operates. However, so much of the content available is geared at adults looking to go into accounting as a career. This page does a nice job of defining and explaining basic accounting principles in a way that is accessible to young students.
  • Teresa Potter says:
    This page provides a high-level description of accounting for kids, but also provides links to many more good resources.
  • Accounting For Kids

    Website
    accountingforkids.com
    accountingforkids.com
    Teresa Potter says:
    The National Accounting for Kids Day facilitates young children learning about accounting. They provide resources and group activities to get kids involved in learning more about accounting through this activity. Use the drop-down menu to choose your state for specific resources and information.
  • Teresa Potter says:
    Alan the Accountant is a great iPhone app book to interest kids in accounting. The level of instructional detail in the book isn't in-depth, but it does a good job showing students what it means to have a career in accounting.
  • Teresa Potter says:
    Economics and finance are an essential part of business. I specifically like this lesson for the activity questions at the bottom of the page that help students apply these concepts to a real world business.
  • Teresa Potter says:
    This video describes how Cost of Goods Sold (COGS) are determined for a manufacturing business. While we frequently talk about how COGS take place in a service company (think the classic lemonade stand business), going more into depth about actually creating a product isn't as frequently discussed. This example is great for students to understand the basic concepts and want to apply it in a more complex example.
  • Teresa Potter says:
    The basics of profit and loss are important for students to learn. This video does a good job explaining this topic in a way that is accessible to young students.
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BloomBoard Asks:What resources are available to teach young students about finance?