6adv.MATH.3.I

Create and organize a financial assets and liabilities record and construct a net worth statement.

Grade 6 (Advanced) · Texas Essential Knowledge and Skills (TEKS) · TEKS 2012

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Vocabulary
financial assetsliabilitiesrecordnet worth statement
Skills
  • create (financial assets and liabilities record) #dok2
  • organize (financial records of assets and liabilities) #dok2
  • construct (net worth statement from given asset and liability information) #dok2
  • analyze (financial information to determine net worth) #dok3
Learning Targets
  • I can list financial assets and liabilities from a set of information. #dok1
  • I can organize financial assets and liabilities into a structured record. #dok2
  • I can create a record that shows assets and liabilities separately. #dok2
  • I can construct a net worth statement using assets and liabilities. #dok2
  • I can analyze asset and liability data to calculate net worth. #dok3
  • I can explain how the organization of assets and liabilities leads to a net worth statement. #dok3
Big Ideas
  • Understanding financial assets and liabilities is essential to determining personal net worth.
  • Organizing and analyzing financial information helps individuals make sound financial decisions.
Essential Questions
  • What are assets and liabilities, and how do they affect personal finances?
  • How is a net worth statement constructed from a list of assets and liabilities?
  • Why is it important to organize and record financial information accurately?
  • How can analyzing a net worth statement help a person make better financial choices?
  • What steps are involved in creating a record of financial assets and liabilities?