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CTE/Business and Marketing Education Curriculum
Accounting I
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Lesson Plans  
 
Strand 2
Students will list and identify characteristics of the three basic accounting equation elements.
Standard 1:
Demonstrate an understanding of the fundamental accounting equation.
 
  • Accounting -- Changes That Affect Owner's Equity
    Introduction of transactions that affect the owner's equity of a proprietorship. Introduction of revenue from sales, how sales affects owner's equity. Introduction of the different expenses for a proprietorship, how paying for expenses affects owner's equity. Introduction of the owner's drawing account for a proprietorship, why an owner might use the drawing account and how withdrawing money for personal use of the owner affects owner's equity.

UEN logo http://www.uen.org - in partnership with Utah State Board of Education (USBE) and Utah System of Higher Education (USHE).  Send questions or comments to USBE Specialist - Laura deShazo and see the CTE/Business and Marketing Education website. For general questions about Utah's Core Standards contact the Director - THALEA LONGHURST .  
Email:  thalea.longhurst@schools.utah.gov
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