Teacher: Sharon Hogan
Subject: Automated Accounting
Topic: Chapter 8-Plant Assets
Key Learning: Students will learn proper accounting procedures related to recording transactions for Plant Assets and Depreciation Costs.Unit Essential Question: What affect does depreciation have on the value of plant assets, and what affect does depreciation have on the financial statements?
Concept:
Maintain Plant Asset Data / Concept:
Display Plant Assets Reports / Concept:
Generate and Post Depreciation Entries
Lesson Essential Questions:
What are plant assets?
What is depreciation?
What accounts are affected when depreciation is recorded?
What is asset disposition?
How is the useful life of a plant asset determined?
How is salvage value calculated? / Lesson Essential Questions:
How do you choose to print plant asset reports?
What two report options do you have under the plant asset section?
What is a depreciation schedule? / Lesson Essential Questions:
Why is depreciation recorded as an adjusting entry?
What accounts are affected by depreciation entries?
Does depreciation increase or decrease the value of an asset?
Vocabulary: plant assets; depreciation; asset disposition; useful life; original cost; salvage value; plant assets input form; plant asset maintenance; plant assets list report; depreciation schedule; depreciation adjusting entries.
Class work will be collected daily. Students will complete all workbook pages for Chapter 8. They will use Automated Accounting Software 8.1 to complete the Tutorial Problem, Practice Problem, and Mastery Problem before completing the Evaluation Problem for Chapter 8.
Automated Accounting Ch8 Task List
5/9/16 / Students will have a Vocabulary Sheet to write out definitions of new terms for Chapter 8.
5/10/16 / Review Learning Objectives on p243.
Read/discuss Ethics Article on p244.
Read pages 244-252.
Read/discuss article p252. Accounting Careers in Depth
Complete Problem 8-T in computer.
Complete Chapter 8 Review on Workbook pages 91-92.
5/11/16 and 5/12/16 / Complete Problems 8-P and 8-M in computer. Print necessary journals/reports. Write answers for questions corresponding to the problems on Workbook pages 93-96.
5/16/16 / Complete Exam Problem 8-E. Print necessary journals/reports. Write answers for questions corresponding to the problems on test.