This unit discusses the differences between GAAP (generally accepted accounting principles) and tax accounting.

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Basic activities (computer-graded)
Vocabulary Builder Activity
Students should be familiar with the following vocabulary before continuing on to the activities and exercises:
- Accrual basis accounting
- Be consistent with
- Depreciation
- Expense
- Fixed asset
- Generally accepted accounting principles
- Levy
- Net earnings
- Omit
- Public company
- Reducing balance depreciation
- Revenue
- Significant
- Tax accounting
- Taxable income
Reading Comprehension: Tax Accounting vs GAAP
This unit discusses the differences between GAAP (generally accepted accounting principles) and tax accounting.
Multiple Choice Activity (Registered users only)
Pick the correct answer from a list.
Pick the correct answer from a list.
Listening Comprehension (Registered users only)
Listen to the word and type it in.
Listen to the word and type it in.
Spelling and Recognition (Registered users only)
Type in the correct answer for each definition.
Type in the correct answer for each definition.
Advanced activities (optionally teacher-graded)
Speaking Practice Activity (Registered users only)
Record yourself speaking five example sentences from the unit.
Record yourself speaking five example sentences from the unit.
Writing Practice Activity (Registered users only)
Pick a question and write about it.
Pick a question and write about it.