- Author:
- MBA Research and Curriculum Center
- Subject:
- Career and Technical Education, Business and Information Technology, Marketing, Management and Entrepreneurship
- Material Type:
- Lesson Plan
- Level:
- Middle School, High School
- Tags:
- License:
- Creative Commons Attribution Non-Commercial
- Language:
- English
- Media Formats:
- Downloadable docs
Education Standards
Concept of Accounting Discussion Guide
Ask an Accountant - Lesson and Activity
Overview
This lesson teaches students about the concept of accounting. First, use the Discussion Guide (found in Task 1) to teach students about this concept. Then, use the activity (found in Task 2) to assess their understanding. This activity gives students the chance to learn about accounting from a professional in the field. They will gain real-world knowledge of accounting and practice presentation skills. A full lesson module related to this concept can be found on the MBA Learning Center. Visit mba.instructure.com and search for "FI:085" in the Commons.
Discuss the concept of accounting as a class.
Use the attached discussion guide to lead the class in a lesson about the concept of accounting.
Learn about the concept of accounting.
Interview an accountant
Instruct students to interview an individual who is responsible for the accounting for a local business or organization. If needed, help connect them with accountants in the community.
Interview an individual who is responsible for the accounting for a local business or organization. This may be a person at your place of employment, a family friend, a neighbor, or anyone you know who does this type of work. Ask the following questions to find out how accounting is used in a real-world situation.
1. How does the business/organization use accounting information?
2. What type of financial reports does the business/organization prepare?
3. How does the business/organization use these reports?
4. Which accounting method does the business/organization use? Why?
5. Will the current accounting system continue to meet the business’s/organization’s needs if the business grows? Why or why not?
6. What groups outside the business/organization use the financial information? Why?
Present to the class
Give each student the chance to present his/her findings to the class.
Prepare a brief presentation to explain your findings to the class.