Accounting:
Curriculum Map
Topic: Starting a Proprietorship: Changes That Affect the
Grade: 10-12
Accounting Equation
Unit Essential Question(s):
Key Learning(s):
The role of an accountant, an accounting system, and
the purpose of financial statements.
How to prepare a net worth statement.
The different components that make up the
accounting equation.
What procedures are use to prepare a net
worth statement?
Optional
Instructional Tools:
Textbook/Workbook problems
Examples of accounting jobs
Overhead projector
What is the accounting equation?
How do we classify accounts and demonstrate
their relationship in the accounting equation?
Compare and contrast the types of transactions that
affect
owner's equity.
Explain the difference between expenses and
liabilities.
Classify accounts as assets, liabilities, or equities.
How can we distinguish between cash and on
ccount transactions?
The difference between expenses and liabilities.
Distinguish between cash and on account
transactions.
Concept:
Concept:
Concept:
Accounting in Action
How business activities
change the accounting
equation.
How transactions change
owner’s equity in an accounting
equation
Lesson Essential
Questions:
What is accounting?
What jobs are available in
accounting?
What is a proprietorship?
What is a service business?
What is an asset?
What is a liability?
What is owner’s equity?
Lesson Essential
Questions:
How do business transactions
affect the basic accounting
equation?
How do business transactions
affect the balance of
A=L+OE?
How are GAAP applied in the
accounting profession?
Lesson Essential Question
How do owner’s equity
transactions affect the basic
accounting equation?
How do owner’s equity
transactions affect the balance
of A=L+OE?
What are the four things that
affect owner’s equity?
Concept:
Lesson Essential Questions:
Vocabulary:
Accounting
Accounting system
Financial statements
Net worth statement
Personal net worth
Assets
Liabilities
Equities
Ethics
Business ethics
Other Information:
Vocabulary:
Service business
Proprietorship
Business plan
GAAP
Transaction
Account
Account title
Account balance
Capital
Creditor
Owner’s equity
Accounting equation
Vocabulary:
Revenue
Sale on account
Expense
Withdrawals
Vocabulary: