Have Students Work in Cooperative Learning Groups to Review the Curriculum-Based

question 14

Essay

Have students work in cooperative learning groups to review the curriculum-based assessment strategies listed in the chapter and select the three strategies they would be most likely to use in their classrooms.Have each group record their selections on the board and identify the strategies selected most often by the groups.Lead a discussion of why particular strategies were selected most often.

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Definitions:

Checks Cleared

The process by which banks settle transactions, transferring money from the check writer's account to the beneficiary's account once the check is presented for payment.

Bank Reconciliation

The practice of aligning and scrutinizing numbers from financial records with the ones on a bank statement to guarantee they match.

Outstanding Checks

Checks that have been issued and recorded in the account holder's ledger but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been deposited by a company but have not yet been recorded by the bank, often resulting in discrepancies in bank reconciliation.