LEC accounting students teach fifth grade students financial responsibility

Academics,

On Friday, Nov. 13, students from the Lake Erie College accounting program visited Leroy Elementary in Leroy, Ohio to play FETCH! with two classes of fifth grade students.

Assistant Professor of Accounting Julie Ziemak accompanied 15 LEC accounting students as they participated in FETCH!, a statewide initiative intended to teach real life money skills to fifth and sixth graders. FETCH!, or Financial Education Teaches Children Healthy Habits, aims to teach children important money skills and encourage financial responsibility.

In the game, the playing field is a large dog park where teams of students in local elementary schools compete to buy basic necessities for their pooch and save money to pay for future needs. Teams track earnings and expenses on a savings register while accountants help them evaluate possible consequences of their choices and create strategies to meet financial goals. It's a fun lesson with a valuable takeaway-you can plan well, but there are always unexpected surprises in real life.

"It's relatable to the students because it's based on the concept of owning and caring for a pet dog," said Ziemak. "Our students had the opportunity to show the kids that math—and accounting—can be fun!"

FETCH! was created as a public service for Ohio students by The Ohio Society of CPAs and its charitable affiliate, The Ohio CPA Foundation. The groups collaborated with elementary school teachers and a curriculum developer on the game, which includes a testing component that measures whether students have mastered a basic understanding of financial terms.

 

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