Unit 4: Tax Accounting vs GAAP

Accountant counting on an abacus
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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.
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Listening Comprehension (Registered users only)
Listen to the word and type it in.
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Spelling and Recognition (Registered users only)
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.
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Writing Practice Activity (Registered users only)
Pick a question and write about it.