BAF3M - Unit 3 - Income Statement Transactions
Tues. Oct. 15th Learning Goal: to assess the effects that transactions have on the expanded "Capital" accounts of a service business
Success Criteria: I will be successful when I:
1. Review transactions that affect Owner's Equity.
2. Complete Lesson One: Revenue, Drawings and Expenses (Search: ELO1092440) by clicking and reading through the "content"
3. Complete *Unit 3 Act. 1 Questions*
4. Complete Activity One - Analyzing the Expanded Equity Account
Wed. Oct. 16th Learning Goal: to prepare t-accounts and analyze transactions using the new expanded equity accounts.
Success Criteria: I will be successful when I:
1. Take up Activity One - Analyzing the Expanded Equity Account
2. Continue working on OERB Activity 1 Part 2 - Revenue, Expenses and Drawings **T-Accounts & Trial Balance Template**
and finish anaylzing transactions
Big Idea for today? Please fill out the Success Criteria form
Thurs. Oct. 17th Learning Goal: to continue to prepare t-accounts and analyze transactions using the new expanded
equity accounts
Success Criteria: I will be successful when I:
1. Complete Activity 1 Part 2
Fri. Oct. 18th Learning Goal: to understand the guidelines for accounting
Success Criteria: I will be successful when I:
1. Finish the first three pages of the GAAP Booklet - Stepanek Stock's up for grabs
Mon. Oct. 21st Learning Goal: to apply knowledge of the guidelines for accounting into case studies
Success Criteria: I will be successful when I:
1. Finish the GAAP Booklet
Tues. Oct. 22nd Learning Goal: to apply accounting rules and guidelines to a poster format
Success Criteria: I will be successful when I:
1. Complete the GAAP Poster
Wed. Oct. 23rd Learning Goal: to record transactions of a service business using the general journal
Success Criteria: I will be successful when I:
1. Read through Lesson Two - The General Journal (Search: ELO1092440)
2. Complete **General Journal Questions** while reading through the oerb lesson
3. Complete General Journal Activity* using the **General Journal Excel Template*
4. Save all my work for tomorrow in your accounting folder.
Thurs. Oct. 24th Learning Goal: to record transactions of a service business using the general journal
Success Criteria: I will be successful when I:
1. General Journal Quiz
2. Ensure you have completed the General Journal Activity from yesterday - take up
3. Start General Journal Textbook Exercises #1-3 pgs. 112-113 **General Journal Excel Template*
Fri. Oct. 25th Learning Goal: to record transactions of a service business using the general journal
Success Criteria: I will be successful when I:
1. Drop off GAAP Poster and hand in Rubric with rough copy and name on rubric
2. Take up General Journal questions from Wednesday
3. Complete General Journal Exercises #1-3 pgs. 112-113 **General Journal Excel Template*
Mon. Oct. 28th Learning Goal: to learn the basics (concepts and terminology) in preparation for preparing an income statement for a service business
Success Criteria: I will be successful when I:
1. Take up General Journal exercises #1-3
2. Do Case #3 Pg. 160 on MS Word
3. Read through Income Statement Lesson - (Search: ELO1092440) and take the income statement tutorial - print out when finished.
4. Read and answer Income Statement Questions & Activity Info.
Tues. Oct. 29th Learning Goal: to learn how to complete a formal income statement
Success Criteria: I will be successful when I:
1. Using the information in the booklet from yesterday, as a class, complete Income Statement Activity Template
2. Complete Income Statement practice - textbook Exercises #1-4 pgs. 73-74
Ex. #1-2 on MS Word - MS Word Template
Ex. #3 using Income Statement Template - Excel Template
Ex. #4 using Income Statement Template - Excel Template
Wed. Oct. 30th Learning Goal: to learn how to complete the equity section of a classified balance sheet
Success Criteria: I will be successful when I:
1. Take up Ex.#1-4 pgs. 73-74
2. Start Lesson 4 (Search: ELO1092440)
3. Capital Section of the Balance Sheet Questions & Activity Instructions.
4. Unit 3 Lesson 4 Activity Template
5. Textbook Exercise #13 pg. 93 Template
Thurs. Oct. 31st Learning Goal: to learn the basics of Harmonized Sales Taxes
Success Criteria: I will be successful when I
1. Take up Ex. #13 pg. 93
2. Watch the Sales Taxes Tutorial** and answer the Sales Taxes Questions
Fri. Nov. 1st Learning Goal: to learn how to journalize sale taxes transactions and to review income statement and trial balance errors
Success Criteria: I will be successful when I
1. Finish the Sales Taxes Journal Entries**using the **General Journal Template**
2. Complete the Income Statement Error Activity** using the **Activity Spreadsheet**
3. Complete the Trial Balance Correction and Income Statement Preparation Activity
Mon. Nov. 4th Learning Goal: to record transactions using the journals and ledgers of a service business
Success Criteria: I will be successful when I:
1. Read pgs. 134-142
2. Answer questions #19 & 20 on pg. 143-144 in MS Word Template
3. Read through Source Document handout
4. Read through Unit 3 Activity 6 - Posting Lesson (Search: ELO1092440)
5. Answer Posting Questions
6. Textbook Exercise #4 pg. 131 - Template* take up
Tues. Nov. 5th Learning Goal: to apply knowledge of posting (transferring from journal to ledger)
Success Criteria: I will be successful when I:
1. Complete the Posting Activity and prepare a Trial Balance Sheet
2. Start Textbook Exercise #5 pg. 132 - using the Template*
Wed. Nov. 6th Learning Goal: to continue to apply knowledge of posting and creating a trial balance sheet to check accuracy
Success Criteria: I will be successful when I:
1. Take up and correct Posting Activity from Tuesday
2. Start Posting Activity #2: *Activity #2 Information* *Activity #2 Template*
3. Take up and correct journal entries
*Test on Unit 3 on Tuesday Nov. 12th**
Thurs. Nov. 7th Learning Goal: to continue to apply knowledge of posting and creating a trial balance sheet to check accuracy
Success Criteria: I will be successful when I:
1. Complete Posting Activity #2 (set up ledgers, post transactions, equality check)
2. Go over the Posting Assignment (to work on Monday on)
Fri. Nov. 8th Learning Goal: to explore further into career opportunities in the accounting field
Success Criteria: I will be successful when I:
1. Listen and engage in the CGA Presentation
2. Go over/start the Individual Posting Assignment *Posting Assignment Excel Template*
*Test postponed until Wed. Nov. 13th
Mon. Nov. 11th Learning Goal: to demonstrate understanding of journalizing and posting
Success Criteria: I will be successful when I:
1. Work on the Individual Posting Assignment - due on Thursday, Nov. 14th
Tues. Nov. 12th Learning Goal: to review for Unit 3 test
Success Criteria: I will be successful when I:
1. Complete and take up the review for test - tomorrow *Unit 3 Review*
2. Continue working on Individual Posting Assignment - due Thursday
Wed. Nov. 13th Learning Goal: to demonstrate understanding of income statement components and transactions
Success Criteria: I will be successful when I:
*Hand back
1. Unit 3 TEST *Test Template*
2. When finished test you may work on your individual posting assignment
Success Criteria: I will be successful when I:
1. Review transactions that affect Owner's Equity.
2. Complete Lesson One: Revenue, Drawings and Expenses (Search: ELO1092440) by clicking and reading through the "content"
3. Complete *Unit 3 Act. 1 Questions*
4. Complete Activity One - Analyzing the Expanded Equity Account
Wed. Oct. 16th Learning Goal: to prepare t-accounts and analyze transactions using the new expanded equity accounts.
Success Criteria: I will be successful when I:
1. Take up Activity One - Analyzing the Expanded Equity Account
2. Continue working on OERB Activity 1 Part 2 - Revenue, Expenses and Drawings **T-Accounts & Trial Balance Template**
and finish anaylzing transactions
Big Idea for today? Please fill out the Success Criteria form
Thurs. Oct. 17th Learning Goal: to continue to prepare t-accounts and analyze transactions using the new expanded
equity accounts
Success Criteria: I will be successful when I:
1. Complete Activity 1 Part 2
Fri. Oct. 18th Learning Goal: to understand the guidelines for accounting
Success Criteria: I will be successful when I:
1. Finish the first three pages of the GAAP Booklet - Stepanek Stock's up for grabs
Mon. Oct. 21st Learning Goal: to apply knowledge of the guidelines for accounting into case studies
Success Criteria: I will be successful when I:
1. Finish the GAAP Booklet
Tues. Oct. 22nd Learning Goal: to apply accounting rules and guidelines to a poster format
Success Criteria: I will be successful when I:
1. Complete the GAAP Poster
Wed. Oct. 23rd Learning Goal: to record transactions of a service business using the general journal
Success Criteria: I will be successful when I:
1. Read through Lesson Two - The General Journal (Search: ELO1092440)
2. Complete **General Journal Questions** while reading through the oerb lesson
3. Complete General Journal Activity* using the **General Journal Excel Template*
4. Save all my work for tomorrow in your accounting folder.
Thurs. Oct. 24th Learning Goal: to record transactions of a service business using the general journal
Success Criteria: I will be successful when I:
1. General Journal Quiz
2. Ensure you have completed the General Journal Activity from yesterday - take up
3. Start General Journal Textbook Exercises #1-3 pgs. 112-113 **General Journal Excel Template*
Fri. Oct. 25th Learning Goal: to record transactions of a service business using the general journal
Success Criteria: I will be successful when I:
1. Drop off GAAP Poster and hand in Rubric with rough copy and name on rubric
2. Take up General Journal questions from Wednesday
3. Complete General Journal Exercises #1-3 pgs. 112-113 **General Journal Excel Template*
Mon. Oct. 28th Learning Goal: to learn the basics (concepts and terminology) in preparation for preparing an income statement for a service business
Success Criteria: I will be successful when I:
1. Take up General Journal exercises #1-3
2. Do Case #3 Pg. 160 on MS Word
3. Read through Income Statement Lesson - (Search: ELO1092440) and take the income statement tutorial - print out when finished.
4. Read and answer Income Statement Questions & Activity Info.
Tues. Oct. 29th Learning Goal: to learn how to complete a formal income statement
Success Criteria: I will be successful when I:
1. Using the information in the booklet from yesterday, as a class, complete Income Statement Activity Template
2. Complete Income Statement practice - textbook Exercises #1-4 pgs. 73-74
Ex. #1-2 on MS Word - MS Word Template
Ex. #3 using Income Statement Template - Excel Template
Ex. #4 using Income Statement Template - Excel Template
Wed. Oct. 30th Learning Goal: to learn how to complete the equity section of a classified balance sheet
Success Criteria: I will be successful when I:
1. Take up Ex.#1-4 pgs. 73-74
2. Start Lesson 4 (Search: ELO1092440)
3. Capital Section of the Balance Sheet Questions & Activity Instructions.
4. Unit 3 Lesson 4 Activity Template
5. Textbook Exercise #13 pg. 93 Template
Thurs. Oct. 31st Learning Goal: to learn the basics of Harmonized Sales Taxes
Success Criteria: I will be successful when I
1. Take up Ex. #13 pg. 93
2. Watch the Sales Taxes Tutorial** and answer the Sales Taxes Questions
Fri. Nov. 1st Learning Goal: to learn how to journalize sale taxes transactions and to review income statement and trial balance errors
Success Criteria: I will be successful when I
1. Finish the Sales Taxes Journal Entries**using the **General Journal Template**
2. Complete the Income Statement Error Activity** using the **Activity Spreadsheet**
3. Complete the Trial Balance Correction and Income Statement Preparation Activity
Mon. Nov. 4th Learning Goal: to record transactions using the journals and ledgers of a service business
Success Criteria: I will be successful when I:
1. Read pgs. 134-142
2. Answer questions #19 & 20 on pg. 143-144 in MS Word Template
3. Read through Source Document handout
4. Read through Unit 3 Activity 6 - Posting Lesson (Search: ELO1092440)
5. Answer Posting Questions
6. Textbook Exercise #4 pg. 131 - Template* take up
Tues. Nov. 5th Learning Goal: to apply knowledge of posting (transferring from journal to ledger)
Success Criteria: I will be successful when I:
1. Complete the Posting Activity and prepare a Trial Balance Sheet
2. Start Textbook Exercise #5 pg. 132 - using the Template*
Wed. Nov. 6th Learning Goal: to continue to apply knowledge of posting and creating a trial balance sheet to check accuracy
Success Criteria: I will be successful when I:
1. Take up and correct Posting Activity from Tuesday
2. Start Posting Activity #2: *Activity #2 Information* *Activity #2 Template*
3. Take up and correct journal entries
*Test on Unit 3 on Tuesday Nov. 12th**
Thurs. Nov. 7th Learning Goal: to continue to apply knowledge of posting and creating a trial balance sheet to check accuracy
Success Criteria: I will be successful when I:
1. Complete Posting Activity #2 (set up ledgers, post transactions, equality check)
2. Go over the Posting Assignment (to work on Monday on)
Fri. Nov. 8th Learning Goal: to explore further into career opportunities in the accounting field
Success Criteria: I will be successful when I:
1. Listen and engage in the CGA Presentation
2. Go over/start the Individual Posting Assignment *Posting Assignment Excel Template*
*Test postponed until Wed. Nov. 13th
Mon. Nov. 11th Learning Goal: to demonstrate understanding of journalizing and posting
Success Criteria: I will be successful when I:
1. Work on the Individual Posting Assignment - due on Thursday, Nov. 14th
Tues. Nov. 12th Learning Goal: to review for Unit 3 test
Success Criteria: I will be successful when I:
1. Complete and take up the review for test - tomorrow *Unit 3 Review*
2. Continue working on Individual Posting Assignment - due Thursday
Wed. Nov. 13th Learning Goal: to demonstrate understanding of income statement components and transactions
Success Criteria: I will be successful when I:
*Hand back
1. Unit 3 TEST *Test Template*
2. When finished test you may work on your individual posting assignment