Template 4: CTS Module Instructional Plan/Lesson Sequence

Module Title: Finance 1030 (FIN1030) Accounting Cycle 2

Lesson 1:

Module Description: Students complete the accounting cycle for a

service business, preparing financial statements and closing
accounts. They also will explore other factors of a business,
including budgets.

Introduction to the course

Review the outcomes needed to accomplish

Lesson 2:

Inputting the balance sheet/income statement into the worksheet

Lesson 3: (1.1, 1.2, 1.3)

Students will complete Chapter 5 - Exercise 7 (in Principles of Accounting Third edition)

Students will complete Chapter 5 - Exercise 8 (in textbook)

If a student struggles with the exercises, offer them a choice to fix their mistakes and write notes as to where they made
mistakes. If multiple students are struggling, re-teach the area of concern and allow students to try again.
Lesson 4: (1.1, 1.2, 1.3)
o

Working backwards from worksheet to the balance sheet/income statement/statement of owners equity

Create the balance sheet/income statement/statement of owners equity from Chapter 5 - Exercises 7/8 (in textbook)
Lesson 5: (3.1.1, 3.1.2, 3.1.3, 3.1.4)

Chapter 5 - Exercise 11 (in textbook) to be completed for Formative Assessment

Lesson 6: (1.1, 1.2, 1.3)

Review posting entries from the worksheet to balance sheet/income statement/statement of owners equity

Lesson 7: (1.1, 1.2, 1.3)

Chapter 6 Exercise 7 (in textbook)

Lesson 8: (1.1, 1.2, 1.3, 1.4)

Review posting entries and making adjustments

Lesson 9: (1.1, 1.2, 1.3, 1.4)

Continue with Adjusting Entries

Lesson 10: (1.1, 1.2, 1.3, 1.4, 4.1)

Chapter 6 Exercise 8 (in textbook)

Administer How can I use this in my life? worksheet. Have students pair up and exchange ideas. Open up discussion at the class
level.
Lesson 11: (1.1, 1.2, 1.3, 1.4, 4.2)

Transferring adjustment of entries to the balance sheet/income statement

Have students fill out Cruising for Careers handout

Lesson 12: (1.4, 1.5, 1.6, 1.7, 4.2)

Chapter 6 Exercise 12 (in textbook)

Talk to students individually about Cruising for Careers handout and aide them in their direction.
Lesson 13: (1.4, 1.5, 1.6, 1.7)

How to close entries properly

Chapter 6 Exercise 13 (in textbook)

Posting the closing entries

Lesson 14: (2.1, 2.2, 2.3)

Introduce budget and budgeting for small business

Work through sample budgets and decision making that stems from the budgets
Lesson 15: (2.1, 2.2, 2.3)
Allow students to work on budgeting exercise (Chapter 13 Exercise 26 (in textbook)) in groups of 2-3. Emphasize the need for each
group to make educated decisions from the budget. Each group will present briefly their decisions and rationale.
Lesson 16: (1.1,1.2, 1.3, 1.4, 1.5, 1.6, 1.7)

Introduction to the review via Chapter 6 Exercise 17 (in textbook)

Lesson 1 7: (1.1,1.2, 1.3, 1.4, 1.5, 1.6, 1.7)

Start review for culminating task.

Go over the major concepts from the course including the posting of entries, preparation of a complete worksheet, journalizing and
posting the adjusting and closing entries and the post-closing trial balance.

Have an array of exercises that the students can complete from the textbook.
Lesson 18: (1.1,1.2, 1.3, 1.4, 1.5, 1.6, 1.7)

Continue review from previous lesson including having the students take part in a Practice Culmination Task

Lesson 19: (1.1,1.2, 1.3, 1.4, 1.5, 1.6, 1.7)

Culminating Task Starts. Students will have the following 5 days to complete the task

Lesson 20: (1.1,1.2, 1.3, 1.4, 1.5, 1.6, 1.7)

Continuation of Culmination Task

Lesson 21 : (1.1,1.2, 1.3, 1.4, 1.5, 1.6, 1.7)

Continuation of Culmination Task

Lesson 22: (1.1,1.2, 1.3, 1.4, 1.5, 1.6, 1.7)

Continuation of Culmination Task

Lesson 23: (1.1,1.2, 1.3, 1.4, 1.5, 1.6, 1.7)

Continuation of Culmination Task

Culminating Task: (1.1,1.2, 1.3, 1.4, 1.5, 1.6, 1.7)

Working on throughout the final 5 classes

Adapted from Cooper ( 2010) by

Nelson Education Ltd.