Accounting - Understanding the Accrual Basis and Cash Basis of Accounting
  • 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.

  • Whiteboard or chalkboard
  • Markers or chalk¬†
  • Bingo cards (see below for examples)
  • Bingo chips or markers
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