Intro to Accounting Bundle with Accounting Equation and Financial Statements

Looking for an introduction to accounting resources to integrate into your financial unit? This bundle includes 8, easy-to-use, low-prep activities that will engage your high school students. Topics covered in these activities include Assets, Liabilities, Owner's Equity, the Accounting Equation, Financial Statements (Balance Sheet, Statement of Cash Flows, and Income Statement), Invoice, Purchase Order, and keeping accurate financial records.

These resources are ideal for an Introduction to Business and Marketing course, but they could be used in any course seeking to introduce the fundamentals of accounting and financial statements, such as Business Management or Entrepreneurship.

This bundle includes 10 activities and 1 project, utilizing a variety of teaching strategies to keep students engaged. Students will need Internet access to conduct research and complete the activities. Answer keys and/or grading rubrics are included where possible. This bundle is designed to foster collaboration, real-world application, and active participation, providing students with hands-on experience and practical insights.

Students will:

✅Define and sort financial claims

✅Classify information on a balance sheet

✅Classify information on an income statement

✅Explore real financial statements

✅Identify key accounting terminology and apply financial formulas

✅Apply accounting and financial statement basics

✅Prepare invoices and purchase orders

✅Apply key course concepts, teamwork, and problem-solving

You’ll save $$$ by purchasing this bundle, or you can pick and choose your favorites, as each product is also sold separately. 

Save even more time and $$$ with the Introduction to Business and Marketing Supplement (Activities + Projects) Bundle.

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™.

Product Details

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Intro to the Accounting Equation Graphic Organizer and Financial Claims Sorting Activity

Appeal to your visual learners with this introductory accounting activity. In this activity set, high school students will define and sort financial claims, including assets, liabilities, and owner's equity. This activity serves as a foundational step in equipping students with knowledge of the accounting equation.

With the Introduction to the Accounting Equation Research Organizer, your students will use the Internet to define assets, liabilities, and owner's equity and identify examples of each. Then, students will write out the accounting equation and explain its importance. An answer key is included for review.

Next, students will sort a list of 18 financial claims into assets, liabilities, or owner's equity. This sorting activity includes a print and digital version. For the print version, students will cut and paste the financial claims. For the digital version, students will drag and drop the financial claims. Use the answer key to review answers.

Balance Sheet Activity with Pet Store Scenarios

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. 

Income Statement Activity with T-Shirt Business Scenarios

This resource provides essential information about the income statement, a scenario to review revenue vs. expenses, 3 short income statement business scenarios, and 3 simple income statements for students to complete with the information provided. In this activity, students will use the formulas provided to calculate gross profit, total operating expenses, and net profit.

Financial Statements Research Activity Set

With this introductory activity set your students will construct a concept map on financial statements to build background knowledge and examine a corporation's financial statements through guided questions. High school students will select a corporation to research and explore the income statement, balance sheet, and statement of cash flows.

Financial Statements Write the Room Scavenger Hunt

Get your students up and moving with this fun, accounting write the room scavenger hunt! This introductory accounting activity will help students review basic accounting and financial statement terminology and formulas for the Balance Sheet, Income Statement, and Statement of Cash Flows. This activity includes 20 prompts for students to match with key terminology or dollar amounts. Students will move around the room to read each prompt (a digital option is also included) and use the word bank on their worksheet to record their responses. An alternate worksheet is provided without the terms if you prefer not to give students the word bank.

Introduction to Accounting Application Activity

In this activity, high school students will apply basic accounting terminology and knowledge of financial statements to answer 12 application questions and 3 reflection questions. Topics covered include financial claims (assets, liabilities, owner's equity), financial statements (balance sheet, income statement, and statement of cash flows), ethics in accounting, the importance of accounting, auditing, and the career of an accountant.

Invoice and Purchase Order Practice Activity and Project

Appeal to your students' sweet tooth by modeling how to complete an invoice and purchase order for a cupcake business. Then have students prepare their own documents for a web design business scenario. This two-part invoice and purchase order lesson will help students understand the purpose of each document and explore the essential components.

Fun Accounting Detective Escape Room

Get your students out of their seats with this engaging, interactive escape room. High school business students will take on the role of a detective as they work through 6 introduction to accounting tasks. In this activity, students will apply their knowledge of accounting basics and financial statements.

This is a great way to engage your students and get them interested in the content. Students will work with a partner or small group and race to complete the tasks. By solving the cases, they will "catch the criminal". No escape equipment is required to complete the activity.

Tasks Include:

• Use a cryptogam to identify the terms: assets, liabilities, and owner's equity
• Assemble accounting equations and check to see if they balance
• Calculate net profit
• Calculate the total for an invoice
• Answer questions about financial statements and other accounting terminology

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