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Know Your Numbers: Online Flipped Classroom Financial Management Training

Jessica Groskopf

Summary

In 2017, Nebraska Extension began using “flipped classroom” techniques to teach farm financial management. But does this technique work for online classes?

The flipped classroom method relies on learners watching lessons prior to class. It allows students to complete assignments and engage in discussion during scheduled class time. “Know Your Numbers, Know Your Options” is a four-class financial management course that uses this technique. This curriculum focuses on balance sheets, cash flow statements and income statements.

“Know Your Numbers, Know Your Options” transitioned online during the COVID -19 Pandemic. To accomplish this, Nebraska Extension developed a course website with updated video lectures and homework related to a realistic case study farm. Rather than attending an in-person class at the local Extension Office, participants engaged in an hour and half long Zoom discussions.

Six online sessions of “Know Your Numbers, Know Your Options” have been completed in Nebraska since June 2020 – with additional online sessions are planned throughout 2021. As a result of this curriculum, course participants increased their confidence in every category: developing basic financial documents, calculating financial ratios, interpreting financial benchmarks, and discussing their financial situation with others.

In this session we will discuss how others can use the “Know Your Numbers, Know Your Options” in their state and flipped classroom techniques for adult education.

Details

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