Unit Plans – Accounting

Ms. Sharon Hogan Room 213

Accounting I Grades 9 – 12

Text: Century 21: Accounting. Gilbert, Lehman, Ross. ©2006. Thomson-Southwestern.

Subject Matter: Chapter 7: Financial Statements for a Proprietorship

Evaluation: Tests, Quizzes, Class work, Homework, Ethics.

Essential Questions / Text Book Assignments / Workbook Assignments
Introduction / · Read/discuss 178-179, Intro to Chapter 7, Tommy Hilfiger article, and Internet Activity

Section 7.1

/ Preparing an Income Statement
· Can you define accounting terms related to the financial statements?
· What accounting concepts and practices are applied when creating an income statement?
· How do you prepare an income statement? / · Read pages 180-186
· Write out Audit Questions and answers on p186.
· Demonstrate Work Together Problem 7-1 on the overhead. Students follow and copy in their Workbook.
· Assign students to complete On Your Own Problem 7-1. Follow directions in text book; complete problem in Workbook.
· Read/discuss Making Ethical Decisions, p181. / · Pages 145-146

Section 7.2

/ Balance Sheet Information on a Worksheet
· How do you prepare a balance sheet for a service business organized as a proprietorship? / · Read pages 187-192
· Write out Audit Questions and answers on p192.
· Demonstrate Work Together Problem 7-2 on the overhead. Students follow and copy in their Workbook.
· Assign students to complete On Your Own Problem 7-2. Follow directions in text book; complete problem in Workbook.
· Read/discuss Careers in Accounting article, p191. / · Pages 147-148
Review Exercises / · Ch7 Study Guide in workbook.
· Application Problems 7-1 and 7-2
· Mastery Problem 7-3
· Recycling Problem pE6 in back of text.
· Read/discuss Explore Accounting article, p193. / · Pages 141-143
· Pages 149-150
· Pages 151
· Print Pages Needed
Vocabulary Terms / · Stakeholders, component percentage / · Vocab sheet – definitions due at beginning of Ch7 work days.
Assessment / · Daily assignments
· One Open Book Quiz
· One Chapter Test
This unit will take 3-4 block periods to complete.