Description
Five sessions turning a trial balance into statements somebody could actually act on.
Kiln Street Pottery earned $1,195 in March. Its bank balance went up $555. Both numbers are correct, and finding the other $640 is the unit.
Your student builds all four statements from one trial balance and proves that each one feeds the next — an error in the income statement shows up in the balance sheet, which is the best self-check in the catalog.
Profit is not cash. This unit proves it arithmetically instead of just saying so.
WHAT'S INCLUDED
•Parent Guide with session pacing
•Reading 1: the income statement
•Reading 2: the statement of owner's equity
•Reading 3: the balance sheet
•Reading 4: cash flow
•Build all four statements from one trial balance
•Reconcile the gap between profit and cash
•Answer key with every statement worked
•Hours & Work Record for logging time and filing portfolio evidence
Written by a licensed K-12 business teacher with more than thirteen years in the classroom. Built to be taught by a parent with no background in the subject.
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Download previewWorldviewFaith-neutral
AgesAges 14–18
SubjectBusiness & Economics — Accounting
Resource typeUnit study
ApproachUnit study, Eclectic
Works forOne student, Co-op / group
Per session30–60 min
Days a weekFlexible
Total lengthOne week
Parent prepOpen-and-go
Who teachesParent-guided
ReuseReusable, some consumable pages
FormatPrintable PDF
RecordsIncludes assessments, Hour logging, Portfolio samples
Keywordsaccounting, the ledger, unit study, high school, homeschool accounting, financial, statements