Pupils take turns reading pages in their Accounting text concerning worksheets. They watch as the teacher demonstrates the concept-starting with two, buying 4 and ending with one, they see that the one remaining box must be considered an...

Students use Monopoly to review the accounting cycle. They create their own transactions while playing Monopoly. Students produce the financial statements that will match the transactions of the game.

Students define ratios and how they apply in a business context. They practice ratios through an activity that involves financial data.

Tenth graders discuss the contents of income statements.  In this accounting lesson, 10th graders are introduced to the parts of an income statement.  Students practice filling out the four parts of an income statement, and discuss the...

Students prepare a balance sheet. In this balance sheet instructional activity, students learn the parts of a balance sheet and how they are represented. Students use a formula to calculate equity.

In this economics worksheet, learners find the terms that are related to the concept of debt and the answers are found by clicking the button at the bottom of the page.

In this accounting activity, students answer the questions with filling in the correct words from the word bank based around the subject of cash flow for the 13 questions.

Students are introduced to cash control systems including checking accounts, endorsing and writing checks. In groups, they define a bank statement and practice how to read them. To end the lesson, they discover how to create a petty...

Learners brainstorm a list of what they believe a customer is. In groups, they practice journaling sales to a customer who pays with cash or with credit. To end the lesson, they discover the proper way to prove cash payments at the end...

Learners are introduced to a five column way to record transactions. In groups, they discuss the importance of source documents when recording the transactions and balancing the account at the end of the month. To end the lesson plan,...

Learners are introduced to the proper way to begin a proprietorship. In groups, they examine the accounting equation and solve problems associated with it. To end the lesson, they are introduced to the various types of payments that...

Young scholars are introduced to the various types of accounting equations. In groups, they participate in a Jeopardy like game in which they review the various types. To end the lesson, they make their own game to use in a small group...

Learners are introduced to how transactions are analyzed with debits and credits. In groups, they complete a T-chart in which the account increases with credits and decreases with debits. To end the lesson, they analyze the various...

Students comprehend the accounting cycle. They create a website for a company used in playing the Accounting Monopoly game. If possible, the students publish the finished annual report on the Internet.

Students engage in an introduction of financial statements for a partnership set up as a merchandising business. They review the need of financial statements and how to effectively read/use financial statements.

Students comprehend what a partnership is, how a merchandising business is set up, what a vendor is, how to use invoices, as well as journaling purchases for cash and on account. They get an introduction, review games, and are quizzed on...

Students explore file maintenance and a chart of accounts for a proprietorship set up as a service business. They review journals and what is posted in a journal.

Pupils explore adjusting and closing accounting entries. They complete an outline and post closing entries to their appropriate accounts. They prepare a Post Closing Trial Balance at the end of a fiscal period and complete online...

Young scholars discover how to journal adjustments and post them into general ledger accounts. They explore what a post closing trial balance is and why it is prepared at the end of a fiscal period. They complete an outline and play...

Young scholars explore how to complete work sheets for a service business. They enter transactions that affect the owner's equity of a proprietorship into a worksheet that reviews the business activities for the past fiscal year. They...

Students study transactions that affect the owner's equity of a proprietorship. They explore revenue, expenses and withdrawals and how they fit into the accounting equation. They complete online activities and a quiz.

Young scholars explore sales journal, purchases journal, general journal, cash receipts journal, and Cash payments journal. They master the online vocabulary activities and then they complete the online chapter quiz.

High schoolers explore current assets and plant assets by viewing a variety of web sites. They complete the online activities and quiz and calculate the depreciation expense for an entire fiscal year.

Students review general ledgers, introduction of a corporation, and how they are set up. Students review transactions used on a general journal such as: journaling purchase returns and allowances, buying supplies on accounts, then...