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| Allyson Fidler - Ch.8
Accounting One Ms. Allyson
Fidler Five-day lesson
plan Chapter 8 Financial
Statements Time:
5-50 minute periods Chapter
8 Objectives: 1.
Understand
the terminology and components that make-up an income statement. 2.
Demonstrate
the ability to construct an income statement using information from a worksheet.
3.
Understand
the component percentage and be able to calculate it. 4.
Understand
why we use financial statements and how they are used to make good business
decisions. 5.
Understand
the terminology and components which make-up a balance sheet.
6.
Demonstrate
the ability to construct a balance sheet using information from a worksheet. Materials
Needed: pen/pencil,
eraser, chalk, dry-eraser marker, daily attendance sheet, teacher’s edition text book, lesson plan for the
week, paper, handouts, seating chart, grade book, attendance book, overhead
projector, transparencies Week
Overview: Day
1-
Introduce
financial statements, why we use them, create one Day 2-
Review income statements, Introduce component
percentages, Introduce
balance sheets, create one
Day 3-
Review balance sheets, tie up loose ends of Chapter 8
Day 4-
Review, study guide
Day 5-
Test Teacher
Pre-week activities: 1.
Look
over Chapter 7 test and make sure the class is ready to move on with Chapter 8. 2.
Prepare
transparencies and handouts ready. 3.
Change
bulletin board so it coincides with Chapter 8 material. 4.
Review
lesson plan for the week. Accounting One Day 1-Chapter 8 Financial
Statements Ms. Allyson
Fidler Time:
Day
1-50 minute period Day
1 Objectives:
After
this class students will be able to:
1.
Understand
the importance of financial statements to businesses and explain why they are
used. 2.
Explain
the terminology used in an income statement. 3.
Know
the components of an income statement. 4.
Create
an income statement using information gathered from a worksheet. Materials
Needed:
pen/pencil, eraser, chalk, dry-eraser marker,
daily attendance sheet, teacher’s edition text book, lesson plan for the
day, paper, handouts, seating chart, grade book, attendance book, overhead
projector, transparencies Pre-class
activities:
1.
Get
daily attendance sheet. 2.
Make
sure overhead projector is working properly. 3.
Make
sure I have proper transparencies and handouts for today’s lesson. 4.
Review
lesson plan. Class
Activities: 1.
Monitor
hallway
Greet
students at the door with a “Hi” or
“Hello.” 2.
Class
Welcome
Tell
them to clear their minds because we
Time: 2 minutes
will be tackling Chapter 8 beginning today
and ending with a test on the fifth day. 3.
Class
Attendance
Take
attendance. Make sure to mark it on
Time: 3 minutes
the daily attendance sheet and in the class
attendance book. 4.
Introduce
financial statements Explain what financial statements are:
Time: 5 minutes
Income statements and Balance sheets.
Ask the class why they think financial
statements are important to a business.
Talk about a business making good
business decisions by using financial
statements. 5.
Introduce
terms included
Handout A and Overhead A. Discuss
in Income statements
each term and section of an income
Time: 5 minutes
statement. 6. Explain
Handout B
Explain to the students that I have given
Time: 2 minutes
them a handout of the steps for preparing
an income statement, to use as a reference
when creating an income statement. 7.
Show
example of an income
Go over the headings, titles, amount
statement, Overhead B
columns, calculations, and end result
Time: 5 minutes
of net income or net loss. Explain
all of the categories that go into an
income statement and make sure they
understand the statement in its entirety.
8.
Have
the students create an
Students will create their own income
income statement with
statement on the sheet provided, using
Handouts B and C.
the worksheet information to compile the
Time: 17 minutes
income statement. Each
student will
their statement on their own. I
will monitor
the class by walking around and making
sure all students are able to do it and answer
any questions the students may have.
Make
sure all students are on task and focusing on
accounting. When it appears
most students
are finished, post the completed income
statement on the overhead projector
(Overhead C). Have the
students check
their numbers to make sure they have the
correct calculations and result. 9. Introduction
of homework
Write the homework on the board. Students
Time: 5 minutes
should review income statements and read
pages 182-186. Instruct them
to especially
pay attention to page 184, as we will be
going over component percentages
tomorrow. Also tell them to glance over
pages 187-190, because we will be going
over them in the next two days. Assign
problem 8.1 from the book and tell them to
leave the component percentage blank,
because we will be going over that
tomorrow. 10. Writing Reflection
Have students write and reflect what they
Time: 4 minutes
learned today. Remind them
that this
journal is for only them, and that it will help
them get ready for the test. 11.
End-of-lesson
wrap-up
Remind students to bring the handouts from
Time: 2 minutes
today to class tomorrow. Review
why we
use financial statements. Tell
them you
will see them tomorrow. Comments: Evaluation: Review
time allotted for each section. Make
any adjustments that may be needed. Were
the students interested and enthusiastic about the lesson? Were
the instructions clear and concise? Did
students understand the instruction? Are
there any students that may need extra help? Is
there anything I can do to help my students have a better understanding of the
concepts from the lesson? Accounting One Day 2-Chapter 8 Financial
Statements Ms. Allyson
Fidler Time:
Day
2-50 minute period Day
2 Objectives:
After
this class students will be able to:
1.
Explain
the importance of financial statements. 2.
Explain
the component percentage and be able to calculate it on an income statement. 3.
Explain
the terminology used in a balance sheet. 4.
Know
the components of a balance sheet. 5.
Create
a balance sheet using information gathered from a worksheet. Materials
Needed:
pen/pencil, eraser, chalk, dry-eraser marker,
daily attendance sheet, teacher’s edition text book, lesson plan for the
day, paper, handouts, seating chart, grade book, attendance book, overhead
projector, transparencies Pre-class
activities:
1.
Get
daily attendance sheet. 2.
Make
sure overhead projector is working properly. 3.
Make
sure I have proper transparencies and handouts for today’s lesson. 4.
Review
lesson plan. Class
Activities: 1.
Monitor
hallway
Greet
students at the door with a “Hi” or
“Hello.” 2.
Class
Welcome
Tell
them that we will be reviewing material
Time: 2 minutes
from yesterday, and then we will be moving
on to component percentages and balance
sheets. 3.
Class
Attendance
Take
attendance. Make sure to mark it on
Time: 3 minutes
the daily attendance sheet and in the class
attendance book. 4.
Review
Income statements and why
Review terminology and components of a
we use them.
an income statement. Ask for
class
Time: 5 minutes
participation when trying to get the answers
to the questions. If they
are having a hard
time, tell them to get their handouts out
from yesterday and remind them to keep
reviewing those terms. Also
talk about the
importance of financial statements and why
businesses use them. 5. Introduce
component percentages
Handout A and Overhead A. Explain
what
Time: 8 minutes
the component percentage is used for in a
business and how a business uses it to
compare its net income to expenses.
Go
through the formulas and then show an
example using there homework from
yesterday. Have them take their homework
out and calculate the component percentage
with you as I demonstrate on the overhead. 6.
Introduce
Balance sheets
Handout B and Overhead B. Go
over
Time: 5 minutes
terms and components which are
included in a balance sheet. Explain
that
balance sheets are used to indicate the
financial condition of a business. It
refers
to a businesses financial strength.
7.
Create
a Balance sheet
Have students pull out Handout B from
Time: 17 minutes
yesterday (worksheet). Use
information
from the worksheet to create a balance sheet
on Handout C. Have them work
with a
partner on their balance sheet, but remind
them that they both will need to complete
a balance sheet of their own, they will be
using each other as reference. Teacher
will
go around and make sure the students are on
task, and answering any questions they may
have. Refer them to page 187 to see an
example of a balance sheet. Remind
them
that debits must equal credits. 8. Introduction
of homework
Write homework on the board. Have
Time: 4 minutes
students open to page 193 in their book
and look at problem 8.2. Tell
them they
will complete this problem for tomorrow.
Ask if there are any questions. 9.
Writing
reflection
Ask
students to take out their journals
Time: 4 minutes
and reflect what they have learned
throughout today’s lesson. 10. End-of-lesson Wrap-up
Remind students once again the importance
Time: 2 minutes
of financial statements. Also
remind
students to bring handouts from today
to class tomorrow. Tell them
you will
see them tomorrow. Comments: Evaluation: Review
time allotted for each section. Make
any adjustments that may be needed. Were
the students interested and enthusiastic about the lesson? Were
the instructions clear and concise? Did
students understand the instruction? Are
there any students that may need extra help? Is
there anything I can do to help my students have a better understanding of the
concepts from the lesson? Accounting One Day 3-Chapter 8 Financial
Statements Ms. Allyson
Fidler Time:
Day
3-50 minute period Day
3 Objectives:
After
this class students will be able to:
1.
Explain
the importance of financial statements. 2.
Explain
all terminology and components involved in financial statements. 3.
Create
financial statements using information gathered from a worksheet. Materials
Needed:
pen/pencil, eraser, chalk, dry-eraser marker,
daily attendance sheet, teacher’s edition text book, lesson plan for the
day, paper, handouts, seating chart, grade book, attendance book, overhead
projector, transparencies Pre-class
activities:
1.
Get
daily attendance sheet. 2.
Make
sure overhead projector is working properly. 3.
Make
sure I have proper transparencies and handouts for today’s lesson. 4.
Review
lesson plan. Class
Activities: 1.
Monitor
hallway
Greet
students at the door with a “Hi” or
“Hello.” 2.
Class
Welcome
Tell
them that we will be reviewing material
Time: 2 minutes
from yesterday, and that completes Chapter 8.
Tell
them the rest of the time will be
spent getting ready for their test on the fifth
day. 3.
Class
Attendance
Take
attendance. Make sure to mark it on
Time: 3 minutes
the daily attendance sheet and in the class
attendance book. 4.
Review
material from yesterday Go over component percentages.
Show the
Time: 8 minutes
formulas and ask students why component
percentages are used. Explain
how
businesses use the percentage to see where
there business stands by comparing it to
a standard number. Also
review balance
sheet terminology and components. Ask
students for answers. 5.
Go
over problem 8.3 from book
Have students open books to page 194
and
with class on overhead
look at problem 8.3. Have
them use
Time: 25 minutes
Handout A and B to prepare an income
statement and a balance sheet form the
information in problem 8.4. Have volunteer students come up to the overhead and fill
in some of the parts of the two financial statements. 6.
Ask
class if they have any
Give
students the opportunity to ask any
questions about Chapter 8
questions
about Chapter 8. Try to clear
or anything that they may
up any confusion that the students may
be confused about.
have
on any of the material.
Time: 5 minutes 7.
Introduce
homework
Have them look at page 195 in their
Time: 3 minutes
book. Assign the applied communication
section. Tell them to read through it and
type one paragraph response to turn
in tomorrow. 8.
Writing
reflection
Have
students reflect on today’s lesson
Time: 3 minutes
and write down how they feel about the
upcoming test. 9. End-of-lesson
wrap-up
Remind students tomorrow is a review
Time: 1 minute
day. Tell them you will see them
tomorrow. Comments: Evaluation: Review
time allotted for each section. Make
any adjustments that may be needed. Were
the students interested and enthusiastic about the lesson? Were
the instructions clear and concise? Did
students understand the instruction? Are
there any students that may need extra help? Is
there anything I can do to help my students have a better understanding of the
concepts from the lesson? Accounting One Day 4-Chapter 8 Financial
Statements Ms. Allyson
Fidler Time:
Day
4-50 minute period Day
4 Objectives:
After
this class students will be able to:
1.
Know
the importance of ethics in accounting. 2.
Know
what to expect on their test, which will be given tomorrow. 3.
Have
any questions answered about the test and Chapter 8. Materials
Needed:
pen/pencil, eraser, chalk, dry-eraser marker,
daily attendance sheet, teacher’s edition text book, lesson plan for the
day, paper, handouts, seating chart, grade book, attendance book, overhead
projector, transparencies Pre-class
activities:
1.
Get
daily attendance sheet. 2.
Make
sure overhead projector is working properly. 3.
Make
sure I have proper transparencies and handouts for today’s lesson. 4.
Review
lesson plan. Class
Activities: 1.
Monitor
hallway
Greet
students at the door with a “Hi” or
“Hello.” 2.
Class
Welcome
Tell
them that we will be reviewing material
Time: 2 minutes
from yesterday, and that completes Chapter 8.
We
will also spend some time examining an ethics case and discussing it.
Tell them the rest of the time will be
spent getting ready for their test on the fifth
day. 3.
Class
Attendance
Take
attendance. Make sure to mark it on
Time: 3 minutes
the daily attendance sheet and in the class
attendance book. 4. Ethics
Case
Have students open their books to page 101
Time: 23 minutes
and look at the ethics case. Explain
that we
skipped over this in Chapter 6, but we are
going to go back because ethics are very
important in the world of accounting.
Handout A will be used to answer the
questions about the ethics case. Have
students critical think about the scenario
remind them that there is no right or wrong
answer. Remind them that ethics can effect
a lot of people, or it can effect yourself.
It
is more like a way of morals, and only you
yourself can determine your own set of
ethics for yourself. Ethics
case will be used
as a discussion for the class and students
will fill out the sheet as we discuss each
item. 5.
Review
Crossword puzzle
Handout B and Overhead B. Have
students
Time: 12 minutes
work on the cross word puzzle of review
terms. After they have completed it, show
answers on the overhead. 6.
Ask
students if they have any last
Remind the students that the test is
questions about the test or Chapter 8.
tomorrow. Answer any of there questions
Time: 4 minutes
that they may have. Tell
them that you will
be available after school today for a hour
and also a hour before school tomorrow if
any students would like to come in for extra
help or last minute questions. 7.
Writing
reflection
Have
students take out their journals and
Time: 3 minutes
reflect about today’s lesson. 8.
End-of-lesson
wrap-up
Remind students tomorrow is the test.
Time: 3 minutes
Remind them to bring sharpened pencils and
a good eraser. Also remind
them that their
homework from the week will be turned in
tomorrow prior to completing the test.
Also
remind them to bring their journals in, so
they can be checked off while they are
taking the test. Tell them
you will see them
tomorrow. Comments: Evaluation: Review
time allotted for each section. Make
any adjustments that may be needed. Were
the students interested and enthusiastic about the lesson? Were
the instructions clear and concise? Did
students understand the instruction? Are
there any students that may need extra help? Is
there anything I can do to help my students have a better understanding of the
concepts from the lesson? Accounting One Day 5-Chapter 8 Financial
Statements Ms. Allyson
Fidler Time:
Day
5-50 minute period Day
5 Objectives:
After
this class students will be able to:
1.
Turn
in their homework and journal. 2.
Complete
Chapter 8 test. Materials
Needed:
pen/pencil, eraser, chalk, dry-eraser marker,
daily attendance sheet, teacher’s edition text book, lesson plan for the
day, paper, handouts, seating chart, grade book, attendance book, overhead
projector, transparencies, Chapter 8 tests, extra pencils, extra erasers, extra
calculators Pre-class
activities:
1.
Get
daily attendance sheet. 2.
Make
sure overhead projector is working properly. 3.
Make
sure I have proper transparencies and handouts for today’s lesson. 4.
Review
lesson plan. Class
Activities: 1.
Monitor
hallway
Greet
students at the door with a “Hi” or
“Hello.” 2.
Class
Welcome
Tell
them today is test day. Tell them
that
Time: 2 minutes
they will have the entire class period
to complete the test. If
there are any
questions, tell them raise their hand
and I will quickly come around and
answer their question. 3.
Class
Attendance
Take
attendance. Make sure to mark it on
Time: 3 minutes
the daily attendance sheet and in the class
attendance book. 4.
Have
students hand their journals
Each student will bring their journal
in on the front table.
to the front of the room and set them
Time: 3 minutes
on the table, so they can be checked off
while they are taking their test. 5.
Hand
the test out.
Hand
each student one copy of the test.
Time: 2 minutes
6.
Go
through the directions on the
Make sure the students understand each
test.
section of the test. Tell
students to turn
Time: 2 minutes
in the test when they have completed it to
the front. Instruct them to begin to read
through Chapter 9, which we will beginning
tomorrow. 7.
Instruct
students to begin the test.
Tell students to begin the test.
Time: 35 minutes
Teacher will monitor the test and
check off journals while students are
taking the test. Teacher
will walk around
during the test and make sure students
are understanding the test. 8.
Collect
any tests that may still be out.
Make sure all tests are collected.
Time: 2 minutes 9.
End-of-lesson
wrap-up
Tell the students that they will have their
Time: 1 minute
tests back by the next class period and that
you will be going over it and that time.
Tell them you will see them tomorrow. Comments: Evaluation: Review
time allotted for each section. Make
any adjustments that may be needed. Were
the students able to complete the test without too many questions? Were
the instructions clear and concise? Did
students understand the instruction? Are
there any students that may need extra help? Is
there anything I can do to help my students have a better understanding of the
concepts from Chapter 8?
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