Basic Accounting and Bookkeeping Lessons
Accounting
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Lessons appropriate for: 7th 8th 9th 10th 11th 12th Graders College Adults
Seventh Grade - Eighth Grade - Ninth Grade - Tenth Grade - Eleventh Grade - Twelfth Grade - K12 - Middle School - High School Students - Adults - Teens - Teenagers - Young People
Teaching Adult Education
Teach and learn basic accounting principles, bookkeeping skills, and methods.
Accounting provides information about the financial position of a business or company. Accountants create financial records of business transactions, and prepare statements containing the assets, liabilities, and operating results of a business. They maintain and audit these quantitative records, while preparing financial reports such as the income statement, balance sheet, and statement of cash flows.
Here students will learn about the importance of accounting, and also the basic steps, terms, principles and techniques used. In addition, we also have included informative articles, helpful tips, and other topics related to accounting.
Lessons and Worksheets
INTRODUCTION TO ACCOUNTING |
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Introduction to Accounting: What is Accounting? Students learn the importance of accounting, the three main types of accounting information, GAAP, accounting principles, and accounting reports.
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FUNDAMENTAL CONCEPTS OF ACCOUNTING |
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Fundamental Concepts of Accounting Learn the main accounting concepts and how they form the basis for GAAP (generally accepted accounting principles).
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INTRODUCTION TO TRANSACTION ANALYSIS |
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Introduction to Transaction Analysis Learn to use the basic accounting equation and understand how to analyze basic business transaction. Learn about assets, liabilities, owners equity, revenues, and expenses.
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RECORD KEEPING AND THE ACCOUNTING PROCESS |
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Record Keeping and the Accounting Process An introduction to formal record keeping and the steps involved in the accounting process. Includes transaction analysis, chart of account, general journal, posting process, journalizing, and preparing financial statements.
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LINKING THE INCOME STATEMENT AND THE BALANCE SHEET |
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Linking the Income Statement and the Balance Sheet Learn how the income statement and the balance sheet relate. Students are introduced to the two financial statements that are reflected in the accounting equation.
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TRIAL BALANCE AND FINANCIAL STATEMENT PREPARATION |
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Trial Balance and Financial Statement Preparation Learn how to prepare a trial balance and financial statements including the income statement and balance sheet.
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ACCRUAL ACCOUNTING AND ADJUSTING ENTRIES |
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Accrual Accounting and Adjusting Entries Understand how accrual accounting works, and the basics of adjusting entries. Learn revenue recognition and matching principles.
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DEPRECIATION |
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Understand the concept of depreciation, and how to calculate depreciation amounts.
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CLOSING THE BOOKS |
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Learn how and why the books must be closed every period and learn the steps to do so.
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RATIO ANALYSIS |
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An introduction to financial statement analysis using the various ratios on and between the balance sheet and income statement.
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BUSINESS OWNERSHIP |
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Introduces students to the major forms of business ownership and the advantages and disadvantages of each.
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INFORMATION AND ARTICLES ON ACCOUNTING |
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Accounting is the backbone of the business financial world.
Basic Accounting Terminology 101 Learn basic accounting terminology and concepts.
The Cornerstone of Bookkeeping: Your Accounting Ledgers Learn about bookkeeping and the accounting ledgers.
Understanding accounting debits and credits.
What is a Profit and Loss Report? Learn about the profit and loss report or income statement.
More Information and Resources on Accounting Informational resources on accounting and bookkeeping.
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BUSINESS SKILLS AND CAREER INFORMATION |
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Business Skills and Career Information Career and business resources and information. Advice and tips to help you with your own career and work skills including information on getting a job, job search, and interviewing. Includes information on business skills such as writing business letters and public speaking.
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BUSINESS MATH |
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Business Math |
More Career, Job, and Business Skills Lessons
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