Council for Economic Education
Understanding a Balance Sheet
Read any financial website or book, and it is bound to discuss the words asset and liability. But what do these words actually mean to the class? The resource effectively explains by using multiple formats and techniques, including...
Council for Economic Education
Using an Excel Checkbook
High school is the time that many scholars get their first jobs. Help young entrepreneurs apply economic principles to crucial skills for their new jobs and for functioning in society in general. They use Excel to balance a checkbook by...
National Research Center for Career and Technical Education
Break-Even Point
How do companies determine the prices of their products? Marketing maestros discover the concepts of cost and break-even point through discussion, independent practice, and a collaborative assessment. The career and technology-oriented...
National Research Center for Career and Technical Education
Depreciation (Double Declining)
Have you ever been told that your new car begins to lose its value as soon as you drive it off the lot? Aspiring accountants take on the concepts of depreciation and book value through an easy-to-deliver career and technology lesson. The...
Curated OER
Complete Adjustment Column of a Worksheet
Students 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...
Curated OER
Accounting Monopoly
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.
Curated OER
Ratio Analysis
Students define ratios and how they apply in a business context. They practice ratios through an activity that involves financial data.
Curated OER
Preparing an Income Statement
Tenth graders discuss the contents of income statements. In this accounting instructional activity, 10th graders are introduced to the parts of an income statement. Students practice filling out the four parts of an income statement,...
Curated OER
Preparing a Balance Sheet
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.
Curated OER
Debt
In this economics worksheet, high schoolers 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.
Curated OER
Cash Flow Worksheet
In this accounting worksheet, 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.
Curated OER
Cash Control Systems
High schoolers 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...
Curated OER
Accounting -- Journalizing Sales and Cash Payments
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...
Curated OER
Accounting -- Journalizing Transactions
Pupils 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, they...
Curated OER
Accounting -- Starting A Proprietorship
Students 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...
Curated OER
Accounting Equation -- Jeopardy
Students 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 instructional activity, they make their own game to use in a...
Curated OER
Accounting - Analyzing Transactions to Debit/Credit Parts
Students 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...
Curated OER
Accounting -- Annual Report Website
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.
Curated OER
Accounting -- Financial Statements for a Partnership
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.
Curated OER
Accounting -- Journalizing Purchases and Cash Payments
High schoolers 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...
Curated OER
Posting To A General Ledger
Young scholars 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.
Curated OER
Account-Recording Adjusting/Closing Entries
Learners 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...
Curated OER
Account-Recording Adjusting/Close Entries for Service Business
Learners 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 online...
Curated OER
Accounting: Work Sheet for a Service Business
Students 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...