Lesson Plan Overview / Details
Students will learn to apply the rules of debit and credit as they analyze business transactions. They will be able to determine the correct debits and credits by using T-charts.
- 100 minutes or
- 2 Class Periods
California Career and Technical Education Standards
- FB.A.A1.2 Examine, analyze, and categorize financial transactions.
- FB.A.A3.3 Know the basic international terminology and theories used in accounting andfina...
California Academic Content Standards (Reinforced)
- ELA.9-10.R.CAGT.2.5 Extend ideas presented in primary or secondary sources through original analysis...3
- ELA.9-10.R.SFIM.2.1 Analyze the structure and format of functional workplace documents, including th...32
- M.6.NS.2.3 Solve addition, subtraction, multiplication, and division problems, including th...1
Objectives and Goals
- Students will be able to correctly categorize the elements in a business transaction.
- Students will be able to identify and use appropriate vocabulary in terms of a business transaction.
Activities in this Lesson
- Ma and Pa Kettle do Accounting - Hooks / Set
Short video on Ma and Pa Kettle and their "Accounting" procedures.
After showing the short video, discuss with students the importance of being able to add correctly in columns (ones, tens, hundreds, etc..). Discuss handwriting and does it make a difference if someone is really sloppy writing or really neat.
- ma and pa kettle.xspf [ Download ]
- Pre-teach - Other
After video and first discussion about adding numbers and handwriting, the vocabulary from the Power Point should be introduced. Many students will have their own concepts of what many of the words mean. As a short group activity, have students (without the use of their textbooks or dictionaries) brainstorm (5 minutes or less) a definition for each of the vocabulary words. Have groups quickly put their definitions on the board to share with the class.
After groups have placed their definitions on the board, share with them the actual definition of each word and explain the significance/difference for accounting (the biggest ones will most likely be debit and credit). The attached Word document will explain the definitions.
- Vocabulary for Debits.docx [ Download ] vocab document
- Lecture Power Point - Lecture
Throughout the Power Point, it would be a good idea to stop and demonstrate different parts to ensure clarification.
However, if time is short run through the entire Power Point first, then return to sections where students may have questions.
- Debits, Credits, and T Accounts,.ppt [ Download ] presentation for lecture
- Practice Example - Demo / Modeling
Attached are several Word Documents with a variety of examples to work through with the class depending upon their level of understanding from the lecture.
Use them on an overhead or LCD projector. Also can be used as individual handouts or board practice.
- Independent Practice - Independent Practice
Attached in a Word document will be problems for students to work on their own. Use in class or as homework.
- Analyzing Transactions 2.docx [ Download ] Independent Practice
- Quiz - Assessment
Short True and False quiz with questions regarding transactions that affect assets, liabilities, and Owner's Equity.
- Debits quiz.docx [ Download ] quiz
- Assessment Types:
- Writing Samples,
As a quick assessment students should be able to answer the following questions about the lesson. Teachers can have students type or write the answers to the questions:
1. How do you use T Accounts to analyze a business transaction?
2. What is the normal balance of Assets? Liabilities? Owner's Equity?
3. How do you calculate the account balances after recording the business transactions?
4. What is the purpose of the Chart of Accounts?