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QR Challenge: Accounting Terms

Created using the ClassTools QR Treasure Hunt Generator

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Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.

B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!

C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.

Questions / Answers (teacher reference)

Question

Answer

1. Property with a cash value that is owned by a business or individualAsset
2. Money owed to a business, i.e.: credit salesAccounts Receivable
3. The process of identifying, measuring, and reporting financial information of an entityAccounting
4. Recording financial informationBookkeeping
5. Money owed to creditors, vendors, etc.Accounts Payable
6. A listing of a company's accounts and their corresponding numbersChart of Accounts
7. An account entry with a positive value for assets, and negative value for liabilities and equityDebit
8. Recognizing the decrease in the value of an asset due to age and useDepreciation
9. An account entry with a negative value for assets, and positive value for liabilities and equityCredit
10. Money owed to creditors, vendors, etcLiability
11. Money remaining after all expenses and taxes have been paidNet Income
12. Total income before expensesRevenue

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=Property-with-a-cash-value-that-is-owned-by-a-business-or-individual

Question 1 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=Money-owed-to-a-business,-i.e.:-credit-sales

Question 2 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=The-process-of-identifying,-measuring,-and-reporting-financial-information-of-an-entity

Question 3 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=Recording-financial-information

Question 4 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=Money-owed-to-creditors,-vendors,-etc.

Question 5 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=A-listing-of-a-company's-accounts-and-their-corresponding-numbers

Question 6 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=An-account-entry-with-a-positive-value-for-assets,-and-negative-value-for-liabilities-and-equity

Question 7 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=Recognizing-the-decrease-in-the-value-of-an-asset-due-to-age-and-use

Question 8 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=An-account-entry-with-a-negative-value-for-assets,-and-positive-value-for-liabilities-and-equity

Question 9 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=Money-owed-to-creditors,-vendors,-etc

Question 10 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=Money-remaining-after-all-expenses-and-taxes-have-been-paid

Question 11 (of 12)

 


Accounting Terms: QR Challenge

https://www.classtools.net/QR/decode.php?text=Total-income-before-expenses

Question 12 (of 12)