Accounting – 9/03/19
I. Bellwork
- List at least 3 activities a business owner does when managing their business.
II. Objectives
- Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.
- Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.
- Determine the meaning of symbols, key terms, and other domain-specific words and phrases
III. Procedure Quiz Thursday
IV. Discussion: Accounting in Action – Section 1-1
A. Read and Discuss Pgs 6-8
- Accounting
- Accounting System
- Financial Statements
- Net Worth Statement
- Asset
- Liability
- Personal Net Worth
- Equity
- Ethics
V. Classwork
- Page 9 Terms (10)
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