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Income Statement
Students demonstrate the proper way to prepare an income statement. They calculate a company's Gross Profit, Operating Expenses, Income from Operation before tax and Net Income, then determine the company's net income or net loss during...
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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,...
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Accounting Monopoly
Young scholars 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.
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Accounting: Work Sheet for a Merchandising Business
High schoolers create a worksheet for a partnership set up as a merchandising business. They identify the beginning of the fiscal periods trial balance amounts, plan and record adjustments to supplies, and merchandise inventory. They...
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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.
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Financial Statements For A Proprietorship
Students are introduced to how to successfully set up a propietorship. Individually, they complete a pre- and post-quiz to determine how much they know about the material. To end the lesson, they practice reading a financial statement...
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Accounting -- Annual Report Website
Learners 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.
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Government Jeopardy Relay
Students review facts and concepts of the Canadian System of Government using a game format.
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Comparison Food Shopping: Buying Groceries for Two People for One Week
Twelfth graders investigate how to develop a simple food budget for two using newpaper ads, the basic four food groups, and calorie counts.