Black To Africa Business Math

The “Black To Africa Business Math” curriculum is intended for students in an African centered educational setting, to provide them with basic financial literacy, to engage them in the thought processes needed to start a business, and to prepare them to actually start a business. It is also intended for the student to learn the value of working collaboratively in business with continental Africans. It does not replace a business or math curriculum, but rather is meant to supplement a more comprehensive curriculum. All of the resources are free. Some were created by non-Africans but that does not prevent it from being pressed into our African centered goals.

Rational statement of curriculum: Rational for focus on Black youth financial literacy

Draft of Curriculum: Modeling Black Businesses Curriculum-sample

Model business idea: Shoe manufacturing example by ABAFA The African-American Plan For Africans In America And In The African Diaspora:  http://www.abafa.org shoe-plan/

  1. Starter financial data for Black to Africa Shoe Store business:Financial Data for Shoe Plan
  2. Starter monthly cash flow sheet in Excel: BlackShoeMonthlyCashFlow
  3. Example of first financial sheet – The Income Statement (Revenue – Expenses):          Black Shoes Income Statement
  •      Watch this video for directions: https://www.youtube.com/watch?v=r86mHM8qxJQ
  • Use the financial data for Black to AFrican Shoe Store busisness
  • Use the starter monthly cash flow sheet.

Sample Statement of Retained Earnings: Black Shoe Retained Earnings
Watch video for instructions on creating statement of retained earnings: https://www.youtube.com/watch?v=c7RdWp6YAj8

Sample Balance Sheet for Black to African Shoe store:Black to African 2 yr. Balance Sheet

Updated Balance sheet to include common shareholder amount: Black to African 2 yr. Balance Sheet

Watch video instructions on creating a balance sheet:

Creating a monthly cash flow Excel worksheet from scratch: https://www.youtube.com/watch?v=C5PcUSmfOZU

Starter yearly trend Excel worksheetYearlyTrends

Key concepts  and vocabulary to learn for managing a small business entailed in this brief video: https://www.youtube.com/watch?v=s_ 

Nextyear of business and financial statements

Financial Data for Shoe Plan

  1. Starter financial data for Black to Africa Shoe Store business:Financial Data for Shoe Plan
  2. Starter monthly cash flow sheet (2018) in Excel: BlackShoeMonthlyCashFlow-2018
  3. Example of first financial sheet – The Income Statement (Revenue – Expenses):Black Shoes Income Statement – 2018
  4. Sample Statement of Retained Earnings (2018):black-shoe-retained-earnings- 2018
  5. Sample Balance Sheet for Black to African Shoe store:Black to African 2 yr. Balance Sheet

Profit and Loss template:Profit and Loss Statement for Black to Africa Shoes

Example Profit and Loss financial sheet for the “Black to Africa Shoe Store taxes not included): Profit and Loss Statement for Black to Africa Shoes

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