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Ch 1: Introduction to Accounting Lesson Plans

About This Chapter

The Introduction to Accounting chapter of this course is designed to help you plan and teach the basics of accounting in your classroom. The video lessons, quizzes and transcripts can easily be adapted to provide your lesson plans with engaging and dynamic educational content. Make planning your course easier by using our syllabus as a guide.

Weekly Syllabus

Below is a sample breakdown of the Introduction to Accounting chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.

DayTopicsKey Terms and Concepts Covered
MondayOverview of accountingDefinition of accounting, its purpose, the accounting-business relationship
Tuesday Uses of accounting How accounting is utilized, external and internal users, balance sheet, statement of cash flows
WednesdayGenerally Accepted Accounting Principles (GAAP) The 10 basic principles, groups that influence GAAP, relevant and reliable information
Thursday Accounting Ethics Importance of ethical practices in accounting, Sarbanes-Oxley Act of 2002
FridayAccounting Technology Advances in technology for financial record-keeping, cloud computing

5 Lessons in Chapter 1: Introduction to Accounting Lesson Plans
What Is Accounting? - Purpose, Importance & Relationship to Business

1. What Is Accounting? - Purpose, Importance & Relationship to Business

Just as French is considered the language of love, accounting is considered the language of business. In this lesson, you will learn exactly what accounting is. You will also learn the purpose of accounting, why it is important, and how it relates to the business world.

External and Internal Users and Uses of Accounting

2. External and Internal Users and Uses of Accounting

Accounting has many uses. In this lesson, you will learn not only who accounting users are but also what types of accounting information is used. You will also learn the uses of that accounting information.

What Is GAAP? - The Generally Accepted Accounting Principles

3. What Is GAAP? - The Generally Accepted Accounting Principles

Rules and regulations are a part of life for everyone, including those in the accounting industry. In this lesson, you will learn about GAAP standards, what they mean to accounting, and who establishes them.

The Importance of Ethics in Accounting

4. The Importance of Ethics in Accounting

Ethics - are they really important in accounting? In this lesson, we will discuss what ethics are and what role they play in accounting; we'll also review a case that is deeply rooted in ethics. In the end, we will decide whether or not ethics are important in accounting.

Technology in Accounting: The Growing Role of Technology in Accounting

5. Technology in Accounting: The Growing Role of Technology in Accounting

Change and technology go hand in hand, especially in the accounting industry. In this lesson, we will take a walk back in time and discuss some of the technological advances in accounting through the years. We will also discuss how these changes have affected the accounting process.

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