Accounting I: Week of 8-21

Week of 8/21/2016          ACCOUNTING I

8/21 -8/25	Lesson	Objective	Activities	Due
Monday	Introduce the Chapter: Accounting in the Real World:  Gold’s Gym	Understand starting a service business organized as a proprietorship	Discuss: Concepts in the chapter such as the Business Entity; using the Accounting Equation in mastering accounting; Familiar terms such as service business, account, and equation; terms will be used over and over and need to know what they mean; the Gold’s Gym Proprietorship; what a proprietorship is; What a service business is Discuss the SBA:  Go to sba.gov List five aids that the SBA site provides to help a person start a business.  Provide a brief explanation of each aid, and why it would be helpful.	SBA graphic organizer . Due:  EOC. Leave in your folders.
Tuesday -       Wednesday	Lesson 1-1 The Accounting Equation	Identify accounting concepts and practices related to starting a business and changes that affect the accounting equation	What is accounting? The business – TechKnow Consulting The accounting equation	Guided Practice problems/ Independent Practice
Thursday - Friday	Lesson 1-2 How Business Activities Change the Accounting Equation	Identify accounting concepts and practices related to starting a business and changes that affect the accounting equation	Received cash investment from owner Paid cash for supplies Paid cash for insurance Bought supplies on account Paid cash on account	Guided Practice problems/ Independent Practice

8/28 – 9/1	Lesson	Objective	Activities	Due
Monday/ Tuesday	Lesson 1-3 How Transactions Change Owner’s Equity in an Accounting Equation	Identify accounting concepts and practices related to starting a business and changes that affect the accounting equation	Received cash from sales Sold services on account Paid cash for expenses Received cash on account Paid cash to owner for personal use	Guided Practice problems Independent Practice
Wednesday