BU3

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Contents 1 Accounting Standard 3 2 Standard in Kid Friendly Language 3 Standard Unwrapped 3.1 Vocabulary 4 Instructional Strategies 5 Assessment Strategies 6 Resources 7 Projects and Activities

Accounting Standard 3

Prepare, interpret, and analyze financial statements using manual systems for service businesses.

Standard in Kid Friendly Language

Complete and understand content in financial statements for businesses that complete a service.

Standard Unwrapped

KNOW

Vocabulary

• financial statements

• income statement

• statement of changes in owner's equity

• balance sheet

• report form

• ratio analysis

• profitability ratio

• return on sales

• liquidity ratio

• current ratio

• current assets

• current liabilities

• quick ratio

ABLE TO DO

• Prepare and explain an income statement.

• Prepare and explain a statement of changes in owner's equity.

• Prepare and explain a balance sheet.

Instructional Strategies

• PowerPoint Lectures

• Graphic Organizers

• Homework and Practice
  • Student Work Papers

Assessment Strategies

• Vocabulary Quiz

• Student Work Papers

• Chapter Tests

Resources

• Monopoly as a Learning Activity from Journal of College Teaching & Learning – November 2007

• Accounting 4th Edition, Glencoe 2003 Textbook Site

Projects and Activities

• Monopoly Learning Activity
  • Rubric

• AquaClean Simulation
  • Rubric