Accounting:
Curriculum Map
Topic: Financial Statements for a Corporation
Key Learning(s):
Unit Essential Question(s):
Define accounting terms related to
financial statements for a
merchandising business organized as
a corporation.
Identify accounting concepts and
practices related to financial
statements for a merchandising
business organized as a corporation.
Prepare an income statement for a
merchandising business organized as
a corporation.
Analyze an income statement using
component percentages and financial
ratios.
Prepare a statement of stockholders’
equity for a merchandising business
organized as a corporation.
Prepare a balance sheet for a
merchandising business organized as
a corporation.
What is the major difference between the
income statement for a merchandising
business and service business?
What four components are included in
every sales dollar of a merchandising
business?
What financial information does a
statement of stockholders’ equity report?
What three items are listed on the
balance sheet for an account having a
related contra asset account?
Grade: 10-12
Optional
Instructional Tools:
Book
Workbook
Worksheets
test
Concept:
Concept:
Concept:
Concept:
Preparing an Income
Statement
Analyzing an Income
Statement
Preparing a Statement of
Stockholders’ Equity
Preparing a Balance Sheet
Lesson Essential Questions:
Lesson Essential Questions:
Lesson Essential Question
Lesson Essential Questions:
How the cost of
merchandise is sold
calculated?
How can the amount of net
income of net income
calculated on the income
statement be verified?
How does a company
determine acceptable
component percentages?
What is the result if total
expenses are greater than
gross profit on sales?
What are the two major
sections of a statement of
stockholders’ equity?
Where is the information
found to prepare the capital
stock section of a statement
of stockholders’ equity?
Where is the beginning
balance of retained earning
found?
How does a corporation
distribute a portion of income
to stockholders?
Where is the amount of
dividends found?
What is an example of a longterm liability?
Where are the amounts obtained
for the stockholders’ equity
section of the balance sheet?
What are two supporting
schedules that might accompany
a balance sheet?
Vocabulary:
Net sales
Cost of merchandise sold
Gross profit on sales
Other Information:
Vocabulary:
Financial ratio
Earnings per share
Price-earnings ratio
Vocabulary:
Statement of stockholders’
equity
Par value
Vocabulary:
Current liabilities
Long-term liabilities
Support schedule