Balance Sheet Activity with Pet Store Scenarios
- Google Drive™ folder
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Description
Looking for a simplified activity to teach your high school students the balance sheet but tired of the old lemonade stand approach? This activity is the perfect addition to your financial statements unit in a Principles of Business or Introduction to Business and Marketing course.
This resource provides essential information about the balance sheet, 3 short business scenarios, and 3 simple balance sheets for students to complete with the information provided. Students will classify information and calculate total assets, liabilities, and owner's equity as part of the accounting equation. Make accounting fun with the fictional pet store scenarios!
Key Features:
✅Real-world Scenarios: Dive into the world of business scenarios
✅Active Learning: Requires active participation and gets students involved in the learning process
✅Reinforces Foundations of Accounting: With 3 scenarios, students enhance their understanding and retention of key concepts
This resource pairs well with the Income Statement T-Shirt Business Scenarios. Next, put your students' practice into action by pairing this product with the Be an Entrepreneur Financial Statements and Documents project.
Included in the product:
- Teacher Guide (PDF)
- Balance Sheet Background Information (PDF and in Google Slides™)
- Balance Sheet Activity (PDF and in Google Slides™)
- Balance Sheet Scenarios for Activity (PDF and in Google Slides™)
- Balance Sheet Background Information and Activity Answer Key (PDF)
Note to Teacher:
The print and digital product versions cover the same material but have been provided in two formats to give you the flexibility to fit the needs of your classroom. If you choose to use the digital version, each student will edit their own copy of the worksheets. These materials are not editable. Text boxes/ tables have been added to allow students to complete the activity electronically.
Please note that the PDF documents are NOT optimized for Google Docs™. The files in this product are meant to be PDFs, and the formatting will be off if you try to open them as a Google Doc™.
Save $$$ by purchasing this product as part of the Intro to Accounting Bundle.
Thanks for checking out this product. You may also like:
- Introduction to the Accounting Equation Activity Set
- Financial Statements Research Activity
- Income Statement Activity with T-shirt Business Scenarios
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