Accounting – 12/11/17
I. Bellwork Q&A
- What are the two classifications of accounts that are listed on an income statement?
- Explain the formula used for determining net income or net loss.
II. Objectives:
- Prepare and properly format an income statement for a service business using Google Sheets
- calculate and analyze financial ratios using income statement accounts
- Orally describe the parts of an income statement
III. Discussion/Notebook
- Converting decimals to Percentages
IV.Classwork
Google Sheet – Working together and On Your Own p. 198
Aplia – 7-1 Application Problem p. 208
Quiz Tomorrow on Income Statement
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