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    Lesson 3 Week 4

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    After discussing the topic of accounting information users, students will be able to: 1. List at least 5 users of accounting information such as owners, banks, prospective buyers, tax inspectors, and prospective partners. 2. Differentiate between internal and external users of accounting information. As an example, the manager of an ice cream stand keeps accounting records to make better business decisions, while customers would want financial information to feel confident purchasing ice cream. 3. Define the term "external user" of accounting information as someone outside the business, like a customer, who uses the information.

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    Lesson 3 Week 4

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    After discussing the topic of accounting information users, students will be able to: 1. List at least 5 users of accounting information such as owners, banks, prospective buyers, tax inspectors, and prospective partners. 2. Differentiate between internal and external users of accounting information. As an example, the manager of an ice cream stand keeps accounting records to make better business decisions, while customers would want financial information to feel confident purchasing ice cream. 3. Define the term "external user" of accounting information as someone outside the business, like a customer, who uses the information.

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    lesson 3 week 4

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    After discussing the topic of accounting information users, students will be able to: 1. List at least 5 users of accounting information such as owners, banks, prospective buyers, tax inspectors, and prospective partners. 2. Differentiate between internal and external users of accounting information. As an example, the manager of an ice cream stand keeps accounting records to make better business decisions, while customers would want financial information to feel confident purchasing ice cream. 3. Define the term "external user" of accounting information as someone outside the business, like a customer, who uses the information.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4 views4 pages

    Lesson 3 Week 4

    Uploaded by

    Success Tutors
    After discussing the topic of accounting information users, students will be able to: 1. List at least 5 users of accounting information such as owners, banks, prospective buyers, tax inspectors, and prospective partners. 2. Differentiate between internal and external users of accounting information. As an example, the manager of an ice cream stand keeps accounting records to make better business decisions, while customers would want financial information to feel confident purchasing ice cream. 3. Define the term "external user" of accounting information as someone outside the business, like a customer, who uses the information.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Specific Previous Students’

    Topic Content Teachers’ Activities Resources Evaluation


    Objective Knowledge Activities
    Users of After The users of accounting information Students are Introduce the topic: "Today, Listen to Video
    accounting discussion, are: familiar we will be discussing users teacher https://youtu.be/W
    information
    students will Owner with what of accounting information." ErS9YjZ4p0
    List atleast 5 Bank accounting Explain the importance of
    users of A prospective buyer is accounting information in
    accounting Tax inspectors making informed business Engage in
    information A prospective partner decisions. discussion
    Differentiate
    between See ppt attached Engage students by asking:
    internal and "Can anyone think of any
    externals Exit questions individuals or groups who Brainstorm
    users of might use accounting and answer
    accounting 1. 1. Define the term "external user" of accounting
    information? questions
    information information. Introduce the concept of
    Imagine you are the manager of a small ice cream internal and external users
    stand. You sell different flavors of ice cream to your of accounting information. Listen to
    customers. You also need to keep track of your
    expenses like the cost of ice cream ingredients, wages Use a YouTube video (link teacher
    for your helpers, and how much money you make provided) to illustrate the
    from selling ice cream. difference between the two
    2. Internal Users Question: As the manager, types of users. Observe
    why is it important for you to keep a record video
    of how much money you spend on Discuss the video,
    ingredients and wages? How can this emphasizing the roles and
    information help you make better decisions Brainstorm
    about your ice cream stand? needs of each user group.
    and answer
    3. External Users Question: Think about the Ask students to provide questions
    customers who come to your ice cream examples of internal and
    stand. Why might they be interested in the external users.
    financial information about your ice cream
    business? What kind of accounting
    Distribute quiz in the form
    information would you want to share with of a short quiz (3-5
    your customers to make them feel confident questions) related to the
    lesson.
    Collect the quiz to evaluate
    in buying your ice cream? student understanding.
    1. Provide feedback and
    address any
    misconceptions.

    Define the term "external user" of accounting information.


    Imagine you are the manager of a small ice cream stand. You sell different flavors of ice
    cream to your customers. You also need to keep track of your expenses like the cost of ice
    cream ingredients, wages for your helpers, and how much money you make from selling ice
    cream.
    1.Internal Users Question: As the manager, why is it important for you to keep a record of how much
    money you spend on ingredients and wages? How can this information help you make better
    decisions about your ice cream stand?
    2.External Users Question: Think about the customers who come to your ice cream stand. Why might
    they be interested in the financial information about your ice cream business? What kind of
    accounting information would you want to share with your customers to make them feel confident
    in buying your ice cream?

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