Lesson Plans - Accounting I

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	Lesson Plans

Standard 2 Students will list and identify characteristics of the three basic accounting equation elements.
Objective 2 Classify accounts as assets, liabilities, or owner’s equity.

USOE-Approved Lesson Plans
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.

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For more information about this core curriculum, contact the USOE Specialist, Laura deShazo or visit the CTE/Business Education Home Page. For general questions about Utah's Core Curriculum, contact the USOE Curriculum Director, MARY SHUMWAY . UEN Contact Info: 801-581-2999 | 800-866-5852 | Contact Us