Lesson 5: Case Study Analysis: Evaluating a Small Business

Journal Entry Analysis:

What accounts are affected by this transaction?
Is this a debit or a credit?
How will this transaction impact the accounting equation?

Balance Sheet Impact:

How will this transaction affect the balance sheet?
What is the new balance for this account?
Does the accounting equation still balance?

After the Worksheet and Before Crunched:

Transition Questions:

What is the purpose of posting journal entries?
How does the software generate a balance sheet?

double entry accounting, debit, credit, balance, general journal,

B. Accounting Principles: Identify and describe generally accepted accounting
principles (GAAP/IFRS) and explain how the application of these principles
impacts the recording of financial transactions and the preparation of
financial statements.

5. Record transactions affecting accounts receivable, including uncollectible
accounts, write-offs, and recoveries.

14. Describe and record expense-related transactions.


C. Accounting Process: Complete the various steps of the accounting cycle in
order to prepare financial statements.

15. Analyze and describe how basic business transactions impact the accounting
equation.

HS.CTE.2A - 2A. Recall and apply prior knowledge for intended purpose.

POG:
I am a LEARNER: Master fundamental skills in core subject areas
I am a THINKER: Critical thinking, independent thinkin

The SAT measures student proficiency in math reading, language, and writing. With strong scores, accounting students set themselves up for successful entry into accounting and finance programs.

Purpose: the purpose is to activate prior accounting knowledge by completing tasks in a cloud based accounting program.

Description: Students will reinforce fundamental accounting principles and terminology.
and apply theoretical knowledge to practical, real-world scenarios using cloud-based accounting software.

DOK 1:
List the steps involved in transferring information from a journal to a worksheet.

DOK 3:
Assess the significance of accurately recording transactions in a journal for a service business

DOK: 4
Analyze a given set of journal entries and create a corresponding general journal, worksheet and balance sheet

Apply concepts of accounting to develop a case study of a service business, illustrating the journey from initial transaction recording to financial statement preparation.

Emphasize the qualitative aspects of accounting, such as analyzing financial statements, interpreting trends, and making strategic recommendations.

Accounting is only about the numbers.

Sampling, modeling, one one instruction, Google classroom or Moodle. Paper or or online assignments, online instructional tools, videos, textbook or online textbook, excel real world application of information, Spanish version available for ELL students

Students submit the Financial Analysis Report.

Assessment is based on:

• Accuracy of financial interpretation
• Application of accounting concepts
• Depth of analysis
• Use of evidence
• Professional communication

• Service Business Case Study Packet (company background narrative)
• Summarized Income Statement (current year and prior year)
• Summarized Balance Sheet (current year and prior year)
• Accounts Receivable Aging Schedule
• Student Guiding Questions Worksheet
• Financial Analysis Report template (if provided)
• Calculator
• Writing materials or device for typed response
• Projector or interactive board for class discussion