Lesson 10: Worksheet through Financial Statements

What is the importance of accuracy when completing the end of a fiscal period?

CTE Business & Finance Technology

D. Financial Reports: Develop an understanding and working knowledge of financial statements.

19. Describe the information provided in each financial statement and how the statements relate.



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 thinking

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.

Description: guide students through the final step of the accounting cycle: preparing financial statements from an end-of-period worksheet.


Purpose: The students will create a worksheet and apply the work from the worksheet and create the three financial statements for a service business.

DOK 1: Recall the steps to create a worksheet and the three financial statements.
DOK 2: Formulate a routine to complete the task.
DOK3: Apply the concepts learned

The worksheet is document that is used to create financial statements by accountants/bookkeepers.

You do not have to trace any errors that the worksheet highlights.

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

Guided Notes worksheet

Guiding questions/term assignment

work together/on own assignment application or mastery working papers

Math assignment

Century 21, Accounting,  General Journal, 11th edition, online/paper edition.

Online working papers (Mindtap)

Microsoft Excel software

Online instructional tools