Lesson 9: Worksheet: Balance Sheet Section

What is the purpose of a balance sheet?
How does the balance sheet differ from the income statement?
What accounts appear on the balance sheet?

balance sheet, balance,

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: lesson will focus on the balance sheet section of the end-of-period worksheet.


Purpose of this lesson: to give examples and explanations of the importance of correctly completing the ibalance sheet of the worksheet. The information will be used to create a businesses financial statements.

DOK 1: recall of vocabulary

DOK 2: Apply concepts learned during modeling and class examples to complete on own working papers independently

DOK 3: Assess the information after determining that the accounting equation is in balance.

Real world importance of accuracy in creating a balance sheet, thinking minor errors are inconsequential

Balance sheets are only relevant to public traded companies

guided notes, shaded worksheet so only that need information are visible, online/electronic worksheet version option

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