Lesson Plan 2.5 – Mini-Simulation: Accounting for
Current and Long-Term Assets
Course Title: Accounting II
Lesson Title: Mini-Simulation: Accounting for Current and Long-Term Assets
Specific Objective:
Review the concepts and apply the procedures learned in this unit.
TEKS: 130.167.c.2:
G – complete a work sheet for a corporation;
J – produce a balance sheet for a corporation;
K – formulate a cash flow statement.
TAKS: R1, M1, M10
Performance Objectives:
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Calculate estimated uncollectible accounts expense;
Calculate the amount of accrued interest income for notes receivable;
Determine the ending merchandise inventory value;
Calculate the annual depreciation expense;
Enter the adjustments in the adjustments section of the work sheet;
Prepare a work sheet;
Prepare a balance sheet;
Complete the Audit Test.
Preparation
Materials and Equipment Checklist:
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Overhead projector
Glencoe’s Textbook, Chapter 5, (pp. 142-161), and Demonstration Problems
Century 21’s Textbook, Chapter 6, (pp. 166-184)
Accounting software and spreadsheet software
Teaching Strategies:
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Let your students utilize any available accounting software.
Let your students work independently.
Sponge/Focus Activity:
Prepare a Word Scramble of terms from the unit. Use projection system or
overhead to show the Word Scramble to the class. Ask for responses and give
immediate feedback.
Lesson Content:
Glencoe’s Textbook, Mini-Practice Set 2: Accounting for Current and Long-term
Assets, Touch of Country Gifts, (pp. 198-199)
Lesson Plan 2.5 Mini-Simulation: Accounting for
Current and Long-Term Assets
Copyright
© Texas Education Agency, 2011. All rights reserved.
ACCOUNTING II
Assessment:
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Check your students’ work and let them make corrections.
Students take the Audit Test on Touch of Country Gifts.
Students also take a Unit Test covering the terms, concepts, and applications
covered in this unit.
Additional Resources:
Textbooks:
Guerrieri, Donald J., F. Barry Haber, William B. Hoyt, and Robert E. Turner,
Glencoe Accounting Real-World Applications & Connections, Advanced
Course, Fourth Edition, Glencoe McGraw-Hill: New York, New York.
Ross, Kenton E., CPA, Mark W. Lehman, CPA, Claudia Bienias Gilbertson, CPA,
Robert D. Hanson, Century 21 Accounting Advanced, Anniversary Edition,
Thomson South-Western: Mason, OH, 2003.
Multimedia:
Century 21’s Teacher’s Resource CD
Lesson Plan 2.5 Mini-Simulation: Accounting for
Current and Long-Term Assets
Copyright
© Texas Education Agency, 2011. All rights reserved.
ACCOUNTING II