Although many course standards have been updated to include 21st-century skills, standard business topics like entrepreneurship, marketing, and accounting are now as important—especially in Senior High School, particularly under the Accounting & Business Management track.
Teachers need to learn basic accounting lessons and activities that they can impart to their high school business classes.
Business and accounting teachers must teach learners skills like professionalism, business communication or entrepreneurship.
Three of the most popular high school accounting lessons are: Accounting 101, Basic Accounting Course and Accounting Basics.
Accounting 101 must provide an excellent contextual introduction into the world of accounting, covering the following lessons: Introduction to Accounting, Fundamental Accounting Concepts, The Financial Statements, Analyzing, Recording, and Classifying, Adjusting Entries, How to Prepare Financial Statements, Closing Entries, Post-Closing Trial Balance and Reversing Entries.
Basic Accounting Course, meanwhile, covers Financial
Accounting Basics, Accounting Principles, Accounting Cycle Financial Statements, Financial Ratios, Assets, Current Assets, Cash and Cash Equivalents and Accounts Receivable.
Business teachers must present lessons under these through charts,
graphs, and other visuals that ensure your students have a positive
experience while learning the basics of accounting. This works best for visual learners, engaging them with the material as they learn and also expands from the Introduction to accounting.
From this track, the students can later pursue business related courses like Accounting, Economics/Finance, Business Administration and Marketing.
Students can best pursue the courses mentioned because through the years, there is increasing demand for Accountants. This may be attributed to the increasing number of new businesses, change in financial laws, and corporate governance regulations, among many
Business majors are required to take at least one, usually two,
college accounting courses, and studies show that students who take
high school accounting are more successful in college accounting.
On their part, students need to understand the language of business, analyze business transactions, prepare and analyze financial documents, research business topics on the Internet and use spreadsheet software.
Accounting students need to know accounting if they want to own their own business. And because all businesses need to keep accounting records, entrepreneurs must understand the business or profit motive.
Moreover, understanding accounting concepts help future entrepreneurs problem-solve and make sound business decisions.
And more than anything, accounting teaches skills that employers need all employees to possess, namely: problem solving, critical thinking, organization, accuracy, integrity, business ethics, and technology.