Accounting

Homework: Review Notes

Opening

(I Do)

Standards

FIN-PA1-4 – Demonstrate and understand by applying the steps of the accounting cycle to prepare financial statements for proprietorships and corporations.

Learning Target(s) related to the standard(s)

• I can identify the components of the accounting equation
• I can identify the parts of the accounting cycle
• I can identify the components of a general journal.
• I can identify the components of a general ledger.
• I can describe the purpose of a general journal and general ledger.

Success Criteria

• I can apply the accounting equation to real world applications
• I can describe the purpose of a general journal and general ledger.
• I can work through a general journal and correct errors
• I can work through a general ledger and correct errors

Introduction/Connection/Direct Instruction

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• Dailyl 10 – see overhead projector, prepare to share/discuss
• The Accounting Equation
• Creating a working balance sheet using Excel
• The Accounting Cycle
• Debits, Credits, and T-Accounts
• The General Journal
• The General Ledger

Work Period

(We Do, You Do)

Guided Practice

Collaborative Practice

Indepdendent Practice

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• Examples of the Accounting Equation
• Walk through of the accounting cycle
• Accounting Equation Practice
• Excel Balance Sheet Practice
• Accounting Cycle Graphic Organizer
• Virtual Business Simulation: Debits, Credits, and T Accounts
• Virtual Business Simulation: The General Journal
• Virtual Business Simulation: The General Ledger
• Virtual Business Simulation: Worksheet and the Accounting Cycle

Differentiation

• Individual and small group work
• Collaborative pairs
• Printed handouts where needed

Formative/Summative Assessments

(We Check)

Assessment Uses/Strategies

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•             Students will have an ongoing assessment to check for Employability Skills.

• Test 1 over the accounting equation, the accounting cycle, balance sheet basics, debits, credits, and t accounts
• Test 2 over the general journal and the general ledger

Closing

(We Check)

Summarize/Share

•             TOTD

Schoolwide Instructional Focus

Literacy (Reading and Writing)

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Every Monday and Wednesday I require my students to read and business or finance related current event. They then write a short summary and opinion on the article and share with the class.

Attachments:

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