Accounting – 12/04/17
I. Bellwork
Page 182 – Explore Accounting: Fiscal Periods
- Make your recommendation and support it with your explanation.
II. Objectives:
- Complete a worksheet using proper procedures, making adjustments, and determining Net income/loss
- Compare and contrast net income and net loss through class discussion, text information and construction of a double bubble
- Discuss the importance of choosing a fiscal period that is based upon cycles in a business.
IV. Discussion/Notebook
- Double Bubble – Difference Between Net Income & Net Loss on the Worksheet
V. Class work:
- 6M Pages 184-185
- Additional Worksheet (Net Loss) on Google Classroom
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