COGNITIVE LEVEL 4 – ANALYSIS
Initial Version:
Objective: By the end of this lesson, given a list of terms and definitions, lecture, demonstration, practice, a sample transaction, and accounting work papers, each student will analyze a business transaction and correctly identify the accounts to be debited and credited.
Test Question:
Analyze the following business transaction and identify the accounts to be debited and credited:
On April 1, 2004, Frank Smith invested $10,000 to start his fast food restaurant.
No Revision Required
COGNITIVE LEVEL 5 – SYNTHESIS
Initial Version:
Objective: By the end of this lesson, given a list of terms and definitions, lecture, demonstration, practice, a sample transaction, and accounting work papers, each student will analyze a business transaction that has been incorrectly recorded in the general journal and describe the steps necessary to correct the error.
Test Question:
On April 15, 2004, Frank Smith made a payment of $1,000 to a creditor; the general journal entry to record the transaction debited Accounts Receivable for $1,000 and credited Cash for $1,000. Analyze the transaction and describe the steps necessary to correct the error.
No Revision Required
COGNITIVE LEVEL 6 – EVALUATION
Initial Version:
Objective: By the end of this lesson, given a list of terms and definitions, lecture, demonstration, practice, a sample transaction, and accounting work papers, each student will analyze a business transaction, identify the accounts to be debited and credited, and write a short report explaining why he/she selected those accounts.
Test Question:
On April 22, 2004, Frank Smith invested a set of cookware valued at $500 in his fast food restaurant. Analyze this transaction, identify the accounts to be debited and credited, and write a short reporting explaining why you selected those accounts.
Revised Version (revisions are in bold text):
Objective: By the end of this lesson, given a list of terms and definitions, lecture, demonstration, practice, a sample transaction, and accounting work papers, each student will analyze a business transaction and its corresponding journal entry, determine the appropriateness of the journey entry, and write a short report explaining why he/she feels that the journal entry is or is not appropriate.
Test Question:
On April 22, 2004, Frank Smith invested a set of cookware valued at $500 in his fast food restaurant. This transaction was recorded in the general journal, debiting the cash account in the amount of $500 and crediting the owner’s equity account in the amount of $500. Analyze this transaction and the corresponding journal entry, determine the appropriateness of the journal entry, and write a short report explaining why you feel the journal entry is or is not appropriate.