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# CONCEPT MAP OF UNIT

Analyzing Transactions into Debit and Credit Parts

Key Learning (s):
Accounts need to distinguish between “debit” and “credit.” These two terms will be used throughout the study of accounting.

Unit Essential Question(s):
How does an account use T accounts to analyze transactions?

Debits and Credits: Using T accounts
Lesson Essential Questions • • What terms are used to describe a T account? How are T accounts analyzed into debit and credit parts? Student Objectives • • • Define accounting terms related to analyzing transactions into debit and credit parts. Identify accounting practices related to analyzing transactions into debit and credit parts. Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction.

Vocabulary 1. 2. 3. 4. 5. T account Debit Credit Normal balance Chart of accounts

Resources http://debitsandcredits.wikispaces.com/

Identify accounting practices related to analyzing transactions into debit and credit parts. – 1:40 p.With what you know about accounting so far.Debits and Credits: Using T Accounts Monday.m. this would be very impractical in an accounting system with more than just a few accounts. Review Students will be given 2 minutes to review vocabulary terms from Chapter 01. illustrate what you believe a T account would resemble. INTRODUCTION Even though we could use the basic accounting equation to record transactions. This lesson will introduce the TAccount and further explore how business transactions affect the basic equation. They can also play games such as scatter plat and space race to associate the term and definition of Chapter 01 vocabulary. August 8.m. You will find out shortly that T accounts are separate into columns labeled debit and credit. Context The students have been introduced to the basic accounting equation: Assets = Liabilities + Owners Equity. Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction. test. Share with your neighbor. I. Many of these concepts that you will learn today will be used daily in the accounting process. Students will then be selected to whole group share. So. Then write two sentences that describe what you think a T account is and the purpose of it. Objectives The student will be able to: • • • Define accounting terms related to analyzing transactions into debit and credit parts. and owner's equity according to generally accepted accounting principles. we’re going to learn to use a tool called a T-Account to help us record business transactions once they have been analyzed. 2011: 1:00 p. or spell. Procedures Business Smarts Activity (BSa) or Bell Ringer . NBEA Standards: • AS 2 Determine the value of assets. liabilities. learn. Students will use quizlet to review cards. Students can learn vocabulary through flashcard. . explaining when and why they are used.

unit essential questions. This will be a brief review from the previous lesson. as the presentation will demonstrate the parts of a T account. As a class. IEP Modifications: The use of visual aides and guided worksheets should eliminate the reading difficulties faced by many IEP students. and define vocabulary. and the closing activity. Students will be given Debits and Credits: Using T Accounts worksheet to complete on their own. Assessment I will observe the learning process during instruction. III. The outlines will also be interactive. Students will use their open outline to complete the vocabulary definitions. IV. Students that are not able to finish the worksheet in class will complete it for homework and turn the assignment in at the beginning of the class. Students will learn examples of chart of accounts for Assets. PRESENTATION Students will be instructed to view an interactive PowerPoint presentation. Students will be given mnemonic devices and visual aides to help remember the placement of debits and credits. normal balance. Students will be given an open outline to complete. and vocabulary for the lesson. Students will label the following practices of a T account: debit. and Owner’s Equity (ALOE). I will instruct the students on the concepts. . key learning. The work together problem will be displayed on the board.II. Close of Business or Closing Activity At the end of class I will instruct students to complete the Google form on the wiki page. Liabilities. credit. This will help me to assess which students understood the concepts and which students are struggling. increase. I will use the analysis report to make modifications on the daily lesson. This worksheet is similar to the problem that we completed as a class. while students are completing the Work Together problem. lesson essential questions. students will be given the opportunity to work together to complete a T account problem. On Your Own problem. I will walk around to answer questions and observe their student behavior and thinking skills. APPLICATION 1. Students will review the accounting equation and then learn the different parts of a T account based on ALOE. While students are completing the worksheet. Students will be able to ask questions as they collaborate on the new material. I will also work individually with students to make sure that all their needs are met. learn objectives. student objectives. and decrease. I will refer back to these concepts throughout the lesson as students begin to answer essential questions. I will randomly choose students to complete T account information that the problem is requesting. 2.