1. Introduction to Accounting Name:

2. The Basic Accounting Equation Write the equation here. Use Video 1

3. What is the purpose of accounting? Use Video 1

4. Define Assets. Definition: Example: Use Video 1

5. Define Liabilities. Definition: Example: Use Video 1

6. Define Owners Equity. Definition: Example: Use Video 1

7. Give a simplified version of the basic accounting formula. Use Video 1

8. What is credit & debit? Debit Credit Account Name Debit or Credit? Use Internet Resources

9. Financial Statements Balance Sheet – Income Statement - Use Internet Resources

10. BCS III – Accounting Unit Essential Questions What are debits? credits? What are the basic account types? What is an Income Statement? What is a Balance Sheet? Let’s get started! Use Video and Internet Resources