Objectives:
- Students will be able to explain the conceptual framework of accounting.
- Students will be able to define GAAP and its assumptions.
- Students will be able to identify the components of the accounting process.
Age Level: Late secondary school/junior college
National Standards: Complies with NBEA Accounting 2023 Standard III.1.9. Explain the conceptual framework of accounting and GAAP and assumptions.
Materials:
- Whiteboard or chalkboard
- Markers or chalk
- Bingo cards (see below for examples)
- Bingo chips or markers
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