Tuesday
Monday
Week of: 9/8
Teacher: Y. McCall
Subject: Accounting
Objective: Student will explain the three basic accounting assumptions
Warm-up:
What complications might arise if business owner failed to follow the assumption of
“business entity”
Teaching Activity:
GAAP
Most common accounting period
2 types of accounting
Accounting assumption
Accounting system
Follow Up/HW:
Objective: Student will explain how managers use financial information
Warm-up:
Explain GAAP. Give an example for each of the three basic accounting assumptions
Teaching Activity:
Review the accounting system
Review key concepts
Explain: Property rights and financial claims
Teaching Activity:
Review Property rights and financial claims
Explain: The Accounting Equation
Accounts
Account Classifications
Business Transactions
Student Activity:
Problem 3-1, 3-4, 3-5, 3-6
*Write the accounting equation on index card
Follow Up/HW:
Objective: Student will describe the relationship between property and financial claims
Warm-up:
Looking Back On The Day: Summary/Key Points of previous lesson
Teaching /Student Activity:
Continue previous day’s lesson
Review Problems
Follow Up/HW: Check for understanding: note cards
Friday
Friday
Wednesday /Thursday
Student Activity:
Take Notes
Follow Up/HW: Check for understanding: note cards
Objective: Student will describe the relationship between property and financial claims
Warm-up:
EQ: What is the legal right of owning property?
Make a list of everything you own (property)