Accounting Basics
AdultCareer & Technical Education50 min
Learning Objective
I can define basic accounting terms like assets, liabilities, and equity.
Lesson Flow
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Guided Notes
Key concepts students will learn:
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A balance sheet is a financial report that gives a snapshot of a business's assets, liabilities, and equity at a single point in time.
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The accounting equation states that assets are equal to liabilities plus equity.
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A detailed balance sheet divides assets and liabilities into current and non-current categories.
Practice
12 questions • Multiple choice & Short answer
Exit Ticket
“Define the following accounting terms in your own words: Assets, Liabilities, and Equity.”
Teacher Guide
Get the complete package:
- Answer keys for all questions
- Differentiation strategies
- Extension activities
- Printable student handouts
