Objective(s) Define Accounting Terms Identify accounting Prepare an income Prepare a balance sheet related to financial practices related to prep statement for a service for a service biz organized (Students will be statements for a service of fin’l statements for biz./sole prop. And analyze as a proprietorship able to…) biz (sole prop.) business (sole prop.) using component %’s Introduction OWP: N/A – Investing ? on - OWP: How would you - OWP: Difference btwn OWP: Answer the audit OWP: Audit ?’s on p 192. stocks, bonds, mutual compare 1 school to stock, bond, and mutual your understanding ?’s on (Do Now, Starter, funds another? What about 1 fund p. 186 etc.) biz. To another? Formative Assessment Activities and - OWP Discussion & - Discussion of OWP & - OWP discussion - OWP discussion - OWP Discussion Procedures investopedia clip baseline %’s or - 7.1 Lecture/discussion on - 7.2 Lecture/discussion on - Review answers to 7.1 & - Review Ch. 6 Test comparative %’s income statements balance sheets 7.2 OYO (Instructional w/completed work sheet - Compare 2 companies - 7.1 WT - 7.2 WT - Investing quiz strategies) distributed together (Total Revenue, - 7.1 OYO - 7.2 OYO - SSR - Stock Market Video Clip Total Expenses, & NI from - Get registered on game Google finance) Next – Ch. 7 application site for SMG - Stock Market Basics PPT problems on Monday followed by film Tues-Fri w/work sheet (cash control systems demonstrated). Formative Assessment Questioning & Collins 1 and 2 writing Closure Spend time on overlay to Finding and correcting make sure process is errors – key role for an (Wrap-up, exit clearly understood – great Accountant – auditing! slip, ticket out the visual to reinforce door, etc.) Formative Assessment Summative Ch 7 test (2nd version if Ch 7 application, mastery, Assessment scores are not strong) – and challenge problems
Objective(s) (Students will be able to…) Define Accounting Terms related to financial statements for a service biz (sole prop.) Identify accounting practices related to prep of fin’l statements for business (sole prop.) Prepare an income statement for a service biz./sole prop. And analyze using component %’s Prepare a balance sheet for a service biz organized as a proprietorship Introduction (Do Now, Starter, etc.) OWP: N/A – Investing ? on stocks, bonds, mutual funds - OWP: How would you compare 1 school to another? What about 1 biz. To another? - OWP: Difference btwn stock, bond, and mutual fund OWP: Answer the audit your understanding ?’s on p. 186 OWP: Audit ?’s on p 192. Formative Assessment Activities and Procedures (Instructional strategies) - OWP Discussion & investopedia clip - Review Ch. 6 Test w/completed work sheet distributed - Stock Market Video Clip - Get registered on game site for SMG - Discussion of OWP & baseline %’s or comparative %’s - Compare 2 companies together (Total Revenue, Total Expenses, & NI from Google finance) - Stock Market Basics PPT - OWP discussion - 7.1 Lecture/discussion on income statements - 7.1 WT - 7.1 OYO - OWP discussion - 7.2 Lecture/discussion on balance sheets - 7.2 WT - 7.2 OYO - OWP Discussion - Review answers to 7.1 & 7.2 OYO - Investing quiz - SSR Next – Ch. 7 application problems on Monday followed by film Tues-Fri w/work sheet (cash control systems demonstrated). Formative Assessment Questioning & Collins 1 and 2 writing Closure (Wrap-up, exit slip, ticket out the door, etc.) Spend time on overlay to make sure process is clearly understood – great visual to reinforce Finding and correcting errors – key role for an Accountant – auditing! Formative Assessment Summative Assessment Ch 7 test (2nd version if scores are not strong) – Ch 7 application, mastery, and challenge problems