Project / Lesson Title: The Accounting Equation Course / Subject: Accounting I Day 5: Mon Day 6: Tues Day 7: Wed Day 8: Thurs Day 9: Fri Standard(s) See separate document(s) for (Cross-curricular standards. applications when relevant) Objective(s) Classify accounts as assets, Analyze how transactions liabilities, or owners equity affect accounts in an (Students will be to demonstrate their accounting equation. able to…) relationships in A=L+OE Introduction OWP: Why do you think OWP: In your own words OWP: Describe what OWP: Summarize what we Collins 2 – describe the more businesses are define asset, liability, and happens to any algebraic learned yesterday on how accounting equation and (Do Now, Starter, organized as owner’s equity. equation if an amount is transactions affect the how it changes etc.) proprietorships than any added to or subtracted accounting equation. other form of business from one side of the organization? What kinds equation to keep it equal. of people do you think would be most successful as owners of a prop? Formative Assessment Collect Collins 1 and Fri’s 2 for review. Activities and - Discussion of OWP p. 7 - Review terms and - Review OWP - Review OWP - On your own problems Procedures and review proprietorship accounting equation - Demonstrate affect of - Have students define from lesson 1-3 and - Note-taking on A=L+OE - Demonstration on Excel transactions (receiving terms revenue, sale on application problem 1-3 (p. (Instructional (see Miller site for PPT and and how it can be used for cash, bought supplies, account, expense, and 17) strategies) terms handout) student Accounting equation to bought insurance) withdrawals and read - Possibly use Cases for involvement via white keep it in balance - Note-taking define terms, headings and examine critical thinking board or slate - Independent practice: review questions illustrations in 1-3 - SSR - Review terms (p. 9) and Application Problem 1-1 - Work together Problem - Demonstration of change audit your understanding - Share Accounting scandal - On-your-own problem in owners’ equity from questions examples transactions - Work together problems - Terms review and audit - On their own 1-1 questions - Work together problem
Project / Lesson Title: The Accounting Equation Course / Subject: Accounting I Day 5: Mon Day 6: Tues Day 7: Wed Day 8: Thurs Day 9: Fri Standard(s) (Cross-curricular applications when relevant) See separate document(s) for standards. Objective(s) (Students will be able to…) Classify accounts as assets, liabilities, or owners equity to demonstrate their relationships in A=L+OE Analyze how transactions affect accounts in an accounting equation. Introduction (Do Now, Starter, etc.) OWP: Why do you think more businesses are organized as proprietorships than any other form of business organization? What kinds of people do you think would be most successful as owners of a prop? OWP: In your own words define asset, liability, and owner’s equity. OWP: Describe what happens to any algebraic equation if an amount is added to or subtracted from one side of the equation to keep it equal. OWP: Summarize what we learned yesterday on how transactions affect the accounting equation. Collins 2 – describe the accounting equation and how it changes Formative Assessment Collect Collins 1 and Fri’s 2 for review. Activities and Procedures (Instructional strategies) - Discussion of OWP p. 7 and review proprietorship - Note-taking on A=L+OE (see Miller site for PPT and terms handout) student involvement via white board or slate - Review terms (p. 9) and audit your understanding questions - Work together problems - On their own 1-1 - Review terms and accounting equation - Demonstration on Excel and how it can be used for Accounting equation to keep it in balance - Independent practice: Application Problem 1-1 - Share Accounting scandal examples - Review OWP - Demonstrate affect of transactions (receiving cash, bought supplies, bought insurance) - Note-taking define terms, review questions - Work together Problem - On-your-own problem - Review OWP - Have students define terms revenue, sale on account, expense, and withdrawals and read headings and examine illustrations in 1-3 - Demonstration of change in owners’ equity from transactions - Terms review and audit questions - Work together problem - On your own problems from lesson 1-3 and application problem 1-3 (p. 17) - Possibly use Cases for critical thinking - SSR
accounting_i_lesson_plan_template.docx