Lesson Plan 6.3 – Evaluating and Projecting
Course Title – Accounting I
Session Title – Evaluating and Projecting
Lesson Purpose – Demonstrate skill in making projections for future
business success using current accounting information.
Behavioral Objectives

Project sales and net income for future fiscal periods.
NEW TEKS Correlations:
This lesson, as published, correlates to the following TEKS. Any
changes/alterations to the activities may result in the elimination of any or all of
the TEKS listed.
Preparation
TEKS Correlations:
NEW TEKS Correlations:
This lesson, as published, correlates
to the following TEKS. Any
changes/alterations to the activities
may result in the elimination of any or
all of the TEKS listed.
120.42.C.
7.a. follow oral and written
instructions;
7.b. develop time management skills
by setting priorities for completing
work as scheduled
7.c. make decisions using appropriate
accounting concepts.
This lesson, as published, correlates
to the following TEKS. Any
changes/alterations to the activities
may result in the elimination of any or
all of the TEKS listed.
130.166.C.
N/A
TAKS Correlation:
READING
Objective 1: The student will demonstrate a basic understanding of culturally
diverse written texts.
WRITING
Objective 5: The student will produce a piece of writing that demonstrates a
command of the conventions of spelling, capitalization, punctuation, grammar,
usage, and sentence structure.
Objective 6: The student will demonstrate the ability to revise and proofread to
improve the clarity and effectiveness of a piece of writing.
Lesson Plan 6.3 – Evaluating and Projecting
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1
Materials, Equipment and Resources:


Textbook
Spreadsheet software
Teaching Strategies:


Observation
Demonstration
Lesson Content:
Have a guest speaker from a successful ice cream shop answer student
questions so students can create some projections for the future success of their
business.
Assessment:


Observation
Graded Assignments
Textbooks:
Guerrieri, Donald J., Haber, Hoyt, Turner. Glencoe Accounting RealWorld Applications and Connections. Glencoe McGraw-Hill, 2000.
ISBN/ISSN 0-02-815004-X.
Ross, Kenton, Gilbertson, Lehman, and Hanson. Century 21 Accounting
Multicolumn Journal Anniversary Edition, 1st Year Course. SouthWestern Educational and Professional Publishing, 2003.
ISBN/ISSN: 0-538-43524-0
Ross, Kenton, Gilbertson, Lehman, and Hanson. Century 21 General
Journal Accounting Anniversary Edition, 7th Edition. SouthWestern Educational and Professional Publishing, 2003.
ISBN/ISSN: 0-538-43529-1.
Business Partners:
Ice Cream Business Manager or Owner
Lesson Plan 6.3 – Evaluating and Projecting
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1
Activity 6.3.1 – Guest Speaker
Course Title – Accounting I
Session Title – Guest Speaker
Activity Purpose – Gain knowledge from a guest speaker in how to make
projections for future business success.
TEKS Correlations:
2010 TEKS Correlations:
This lesson, as published, correlates to
the following TEKS. Any
changes/alterations to the activities may
result in the elimination of any or all of
the TEKS listed.
120.42.C
7.a. follow oral and written instructions;
7.b. develop time management skills by
setting priorities for completing work as
scheduled;
7.c. make decisions using appropriate
accounting concepts;
This lesson, as published, correlates to
the following TEKS. Any
changes/alterations to the activities may
result in the elimination of any or all of
the TEKS listed.
130.166.C.
N/A
TAKS Correlation:
WRITING
Objective 5: The student will produce a piece of writing that demonstrates a command of the
conventions of spelling, capitalization, punctuation, grammar, usage, and sentence structure.
Objective 6: The student will demonstrate the ability to revise and proofread to improve the
clarity and effectiveness of a piece of writing.
Materials, Equipment and Resources:

Textbook
Teaching Strategies:

Observation
Activity 6.3.1 – Guest Speaker
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1
Activity Outline:
Ask your students to consider what type of things they need to know to make a projection on
how the business will succeed (or not) in the next six months. Have the class work together to
prepare some questions to ask a guest speaker from an ice cream shop. Some ideas for
questions:
 What are the slowest months in sales?
 What months are the best months in sales?
 What item is your best seller?
 What types of promotions seem to have the greatest impact on your sales?
 Looking at our current income statement, how would you project our net income for
the next six months?
 What advice would you give someone just starting out in the ice cream shop
business?
Assessment:


Observation
Graded Assignment
Quality Feature
Participates in team effort to ask appropriate questions
Appropriate attentiveness and behavior for the guest speaker
Took good notes to prepare for their own projection
Activity 6.3.1 – Guest Speaker
Score
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1
Activity 6.3.2 – Making Income Projections
Course Title – Accounting I
Session Title – Guest Speaker
Activity Purpose – Demonstrate skill in making income projections for future fiscal
periods.
OLD TEKS Correlations:
2010 TEKS Correlations:
This lesson, as published, correlates to
the following TEKS. Any
changes/alterations to the activities may
result in the elimination of any or all of
the TEKS listed.
120.42.C
7.a. follow oral and written instructions;
7.b. develop time management skills by
setting priorities for completing work as
scheduled;
7.c. make decisions using appropriate
accounting concepts;
This lesson, as published, correlates to
the following TEKS. Any
changes/alterations to the activities may
result in the elimination of any or all of
the TEKS listed.
130.166.C.
13.b. – create a clear and coherent oral
presentation that includes the use of
correct grammar, spelling, punctuation,
and citation of resource materials
TAKS Correlation:
READING
Objective 1: The student will demonstrate a basic understanding of culturally diverse
written texts.
WRITING
Objective 5: The student will produce a piece of writing that demonstrates a
command of the conventions of spelling, capitalization, punctuation, grammar, usage,
and sentence structure.
Objective 6: The student will demonstrate the ability to revise and proofread to
improve the clarity and effectiveness of a piece of writing.
MATH - Objective 10: The student will demonstrate an understanding of the
mathematical processes and tools used in problem solving.
Materials, Equipment and Resources:


Textbook
Spreadsheet software
Teaching Strategies:

Observation
Activity Outline:
Have your students use the information from the guest speaker to create a
spreadsheet projecting sales/net income for the next six months. Have them create a
one-page report to accompany a print of the spreadsheet, summarizing and explaining
the projection of the anticipated progress of this new business.
Activity 6.3.2 – Making Income Projections
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1
Assessment:


Observation
Graded Assignment
Quality Feature
Uses information from the guest speaker effectively
Spreadsheet appropriate and demonstrated a logical
projection for the next six months
One-page report well-written that thoroughly explains the
spreadsheet
Completes in a timely manner
Activity 6.3.2 – Making Income Projections
Score
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1