Use this lesson to hammer home how a business gets its accounting system started. This is also a good review for transactions and for students to find their own errors before completing a financial statement.
To review transactions, take a peak at real-life transactions and how many can go into any one business day. Analyze the transactions into an annual report for a preview into corporate annual reports.
Learners read about the purposes of balance sheets and income statements, and then place accounts into these two financial statement categories in a drag-and-drop exercise. Resource from Wisc-Online: free access but sign-in is mandatory.
All of the ingredients to produce a business plan.
The Cameron Balloons Virtual Factory is an extensive resource for upper-level high school or post-secondary business and economics students. The teachers' guide has a variety of advice and information to help plan There are four main sections of the site - Factory Floor, Cameron Balloons, Cost Breakdown and Glossary. Under each part of the factory there are a variety of resources including worksheets, theories about that section and photos and questions.
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