Accounting II:
Curriculum Map
Topic: Financial Statements and Closing Entries for a Corporation
Key Learning(s):
Grade: 10-12
Optional
Instructional Tools:
Unit Essential Question(s):
How to prepare financial statements related to a merchandising
business organized as a corporation.
How to prepare closing entries and a post-closing trial balance.
How do we create an income statement for a
merchandising business organized as a
corporation?
Textbook/workbook
Case studies
Overhead projector
How do we create a statement of stockholders’
equity?
How do we prepare a balance sheet?
How do we prepare closing entries and prepare
a post-closing trial balance?
Concept:
Concept:
Concept:
Concept:
Preparing an income
statement
Preparing a statement of
stockholders’ equity
Preparing a balance sheet
Recording closing entries for
income statement accounts
Lesson Essential
Questions:
What are the steps used to
set up an income statement?
How can we use ratios to
evaluate a business?
Lesson Essential
Questions:
What are the steps used to
prepare a statement of
stockholders’ equity?
Lesson Essential Question
Lesson Essential Questions:
What are the steps used to
create a balance sheet?
Explain how depreciation
impacts the plant asset section
on a balance sheet.
Explain the procedure used to
record closing entries.
Vocabulary:
Operating revenue
Net sales
Other Information:
Vocabulary:
Statement of stockholders’
equity
Par value
Vocabulary:
Current liabilities
Long-term liabilities
Supporting schedule
Vocabulary: