Accounting - Understanding Business Ownership Reporting in Financial Statements

Objectives:

• Develop a working knowledge of the accounting process.
• Explain how different forms of business ownership are reported in financial statements.

Age Level: Late secondary school/junior college

National Standards: Complies with NBEA Accounting 2023 Standard III.1.1 Explain how the different forms of business ownership are reported in the financial statements.

Materials:

• Whiteboard
• Markers