Vocab:
- Debit – in both everyday and accounting contexts
- Credit – in both everyday and accounting contexts
- Budget
- T-Account
- Cash Account
Feedback:
- Great job reiterating the start, engaging students by getting them involved immediately
- Asked what we thought about the words ‘debit’ and ‘credit’ and what we thought they meant
- Awesome job getting students in the correct mindset for teaching debit/credit theory in Accounting – ‘Imagine you are a business, and you are making and spending money.’
- Good job involving students and having us answer intuitively rather than just telling us what the vocab meant – ‘So if we make money as a business, is this a debit or credit?’
- Could have explained budgeting pie chart activity and got students to build their budget, then compare spending to their ideal budget