Cardinal Hayes High School Curriculum Map Accounting I Enduring Understandings Essential Questions Assessments Diagnostic (before) Formative (during) Summative (after) Personal interests and skills, values and lifestyle goals affect one’s career choices. How does an individual set career goals? What types of career opportunities are available to accountants? What types of business and organizations hire accountants? Do Now Leading questions Class discussions Quizzes Chapter Test Written Exercises Observations Chapter exams Portfolios Projects Mid Terms Final Exam Utilizing the accounting equation to analyze business transactions is essential to the operations of a sole proprietorship. What is the correct terminology related to the accounting cycle? How are business transactions analyzed the accounting equation? What is the proper method to record and report operating results for a sole proprietorship? Do Now Leading questions Class discussions Quizzes Chapter Test Written Exercises Observations Applications Chapter exams Portfolios Projects Mid Terms Final Exam Payroll records must be properly recorded and reported to prevent waste and fraud. What are the principles and practices for a payroll system? How are payroll transactions properly recorded? What are the ways to detect fraud and misrepresentations in payroll transactions? Do Now Leading questions discussions Quizzes Chapter Test Written Exercises Observations Applications Chapter Portfolios Projects Mid Terms Final Exam Create and interpret financial statements for a closely held corporation. What is the correct terminology related to the accounting cycle of a merchandising business organization? Why do corporations use accounting procedures for recording transactions in special journals and general and subsidiary ledgers? How do managers and investors use financial information to analyze the operating performance of a business? Do Now Leading questions Class discussions Quizzes Chapter Test Written Exercises Observations Applications Chapter Portfolios Projects Mid Terms Final Exam 4 trial trial
Cardinal Hayes High School Accounting I Unit #1: Introduction to Accounting Enduring Understanding: The personal interests and skills, values and lifestyle goals affect one’s career choices. Essential Questions: How does an individual set career goals? What of career opportunities are available to accountants? What types of business and organizations hire accountants? Unit Goal: Student will be able to describe the traits and skills that are needed to pursue a career in Accounting. Duration of Unit: 3 weeks Guiding / Topical Questions Content, Themes, Concepts, and Skills Instructional Resources and Materials Teaching Strategies Assessment Strategies What skills and education are needed to pursue a career in Accounting? What training must be completed to succeed in Accounting? What types of careers are available to people with Accounting degrees? Define accounting terms reviewed in this unit. Unlike a job, a career is built on a foundation of interest, knowledge, training and experience. Accounting careers present unlimited possibilities. Current textbook Student workbooks PowerPoint Smartboard Professional Websites Guest Speakers Professional Videos Accounting Vocabulary Exercise Lecture, demonstration and class discussion: PowerPoint based Reinforcement: Complete and review the assigned chapter workbook problems Written and quizzes Classwork Simulations Effective use of class time Ability to stay on task Preparation Homework Class participation What is profit? What are the pros and cons of being an entrepreneur? What types of businesses are in the free enterprise system? Which are the advantages and disadvantages of each form of business organization? Profit is the main motivation for entrepreneurs Entrepreneurs must be willing to accept risk in to achieve rewards. There are three types of business operations; Service, Merchandising, & Manufacturing The three forms of business organization are sole proprietorship, partnership and corporation. Current textbook Student workbooks PowerPoint Smartboard Professional Websites Guest Speakers Professional Videos Accounting Vocabulary Exercise Lecture, demonstration and class discussion: PowerPoint based Reinforcement: Complete and review the assigned chapter workbook problems Ethics review Written and quizzes Classwork & Simulations Effective use of class time Ability to stay on task Preparation Homework participation
Cardinal Hayes High School Accounting I Unit #4: The Accounting for a Merchandising Corporation Enduring Understanding: Create and interpret financial statements for a closely held merchandising corporation. Essential Questions: What is the correct terminology related to the accounting cycle of a merchandising business organization? Why do corporations use accounting procedures for recording transactions in special journals and general and subsidiary ledgers? How do managers and investors use financial information to analyze the operating performance of a business? Unit Goal: Students must learn how to record and report financial events that affect the shareholder equity of corporations and must maintain accounting records and prepare reports on the results of their activities. Duration of Unit: 11 weeks Guiding / Topical Questions Content, Themes, Concepts, and Skills Instructional Resources and Materials Teaching Strategies Assessment Strategies What is the difference between a service business and a merchandising business? What is the difference between a retailer and a wholesaler? How does a merchandising business act as a collection agent for the government? What are the source documents for recording different types of sales to customers? What are the accounts used in the purchasing process? When and why a business use an accounts receivable subsidiary ledger? When is it an advantage for a business to accept a discount for early payment? Define accounting reviewed in this unit. Record sales and cash receipts transactions. Post sales to the appropriate general ledger and accounts receivable subsidiary ledger. Describe the accounts used in the sales and the purchasing process. Record purchases and cash payment transactions. Post to the purchases and the accounts payable subsidiary ledger. Current textbook Student workbooks Excel Practice sets PowerPoint Smartboard Websites Guest Speakers Professional Videos Accounting Vocabulary Exercise Lecture, demonstration and class discussion: PowerPoint based Reinforcement: Complete and review the assigned chapter workbook problems Technology: Prepare selected assignments utilizing Excel time after school for additional help as needed Written tests and quizzes Classwork Simulations Excel Worksheets Effective use of class time Ability to stay on task Preparation Homework Class participation