INTRODUCTION TO ACCOUNTING GRADE: 11-12 - Elmwood Park … · the accounting equation. Gain an...

APPROVED BY BOARD OF EDUCATION AUGUST 23, 2016 ELMWOOD PARK PUBLIC SCHOOLS

INTRODUCTION TO ACCOUNTING

GRADE: 11-12

Prerequisite: None

Credits: 5.0

2 APPROVED BY BOARD OF EDUCATION

AUGUST 23, 2016

ELMWOOD PARK PUBLIC SCHOOLS

ABSTRACT

In a challenging employment market, this course will provide students with the foundation skills necessary for entry -level

employment in the business world. At the same time, this course will provide college-bound students with the foundation necessary to

be successful in an introductory college double entry accounting course. Managing finances, including bookkeeping, banking, record

keeping and preparation of financial statements for a service/merchandising business are the core activities of this course

UNIT:

(Title, Month(s), Number of Days)

Unit 1: Introduction to

Accounting

6 Weeks

Unit 2: Analyzing

Transactions into Debit and

Credit Parts

8 Weeks

Unit 3: Posting to a General

Ledger

6 Weeks

STAGE 1: DESIRED RESULTS

What will students understand as a result of the unit? What are the BIG ideas?

ESTABLISHED GOALS:

(NJ CCCS and/or CCS)

Career Ready Practices:

CRP1. CRP2. CRP3. CRP4.









AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

Technology

8.1

8.2

21st Century Life and Careers

Standard 9:

The Career Ready Practices

9.1

9.2

9.3

ELA

ELACCSS.ELA-LITERACY.W.11-12.4

Standards 1-3

CCSS.ELA-LITERACY.

W.11-12.5

standards 1-3

CCSS.ELA-LITERACY.

W.11-12.6

Mathematics #5

Technology

8.1

8.2


Standard 9:


9.1

9.2

9.3

ELA


Standards 1-3

CCSS.ELA-LITERACY.

W.11-12.5

standards 1-3

CCSS.ELA-LITERACY.

W.11-12.6

Mathematics #5

Technology

8.1

8.2


Standard 9:


9.1

9.2

9.3

ELA


Standards 1-3

CCSS.ELA-LITERACY.

W.11-12.5

standards 1-3

CCSS.ELA-LITERACY.

W.11-12.6

Mathematics #5

ENDURING UNDERSTANDINGS:

(Students will Understand that . . .)

The Accounting Cycle is the basis of all business

recordkeeping.

Personal interest and skills


recordkeeping.

Utilizing the accounting


recordkeeping.

WIRE:

http://www.corestandards.org/ELA-Literacy/W/11-12/4/
















AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

affect one’s career choices.

Particular values and indiv idual lifestyle goals can

guide us in our future decisions.

Accounting is the language of

business.

All business activ ities change

the accounting equation. Gain an understanding of the

purpose of an accounting

form called Balance Sheet.

Accounting is guided by particular universal concepts.

Understanding transaction

sentences are fundamental to

the accounting equation.

Transactions change the

equation to analyze business transactions.

Understanding the transaction

sentence is essential to the operations and practices

of accounting.

The journal acts as a

“chronicle” of all business transactions.

Business can be organized as

a sole proprietorship.

Transactions change owners’

equity. WIRE:

Withdrawal -Investment –

Revenue – Expense.

T-accounts are an easy way to keep track of balances.

Withdrawal -Investment – Revenue – Expense.

Written records for all business

transactions are necessary.

Compound entries contain several debits or credits for a

single business transaction,

creating efficiencies in journalizing.

The general ledger provides a

permanent record for a

company’s accounts.

Errors must be corrected to ensure a proper audit trail and

for providing accurate

information to the analyst.

Business records are deliberately kept in a

particular order.


AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

Balance Sheet.

The ethical make-up of a person is a crucial part of the

accounting career.

Professional accountants are included in every type of

business model.

Financial information is used

to make important business decisions.

Revenue is represented by the sales account.

All transactions involve two

accounts.

ALOE must be equal after each transaction.

Always determine the

accounts being effected.

All assets work the same way.

Source documents contain all

of the necessary information for transaction sentences.

Accountants use many types

of journals.

Understanding and using

jargon is important when communicating in the

workplace.

A proper chart of accounts helps to organize a business.

Posting is simply

transferring information from

the journal to the ledger.

Finalizing the post reference column is part of completing a

page.

ESSENTIAL QUESTIONS:

(What provocative questions will

What is accounting?

How does an indiv idual set

career goals?

What is the correct

terminology related to the

accounting cycle?

Why do we need a comprehensive chart of

accounts?


AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

foster inquiry, understanding, and

transfer of learning?)

Why are ethics important in

the world of business?

Why is it important to complete an accurate

Balance Sheet?

What is the relationship among assets, liabilities and

owner's equity?

How do the assorted activ ities

change the A=L+OE equation?

What types of career

opportunities are available to

accountants?

What types of business and

organizations hire accountants?

How are business transactions analyzed using the

accounting equation?

What is the proper method to record and report operating

results for sole proprietorship?

Why do we div ide

transactions into Debit and Credit parts?

What does Debit mean?

What does Credit mean?

In what way do T –accounts

make it easier to follow the

balances?

How do you determine where the normal balance belongs?

Why is it clever to remember

how cash works?

Why is it important to

understand accounting specific terms?

What are the ways to detect

errors?

Why do we transfer the information from the journal

into the ledger?

What is the purpose of the specialty columns?

For what columns do we

post only the totals?

How does one analyze

transactions that will affect

assets, liabilit ies and owner’s equity?

How does one examine


AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

What is the importance of precise record keeping?

What is double entry

accounting?

Why are the dollar amounts

always represented twice?

What is a source document?

Why do we use a five column

journal?

t ransactions that affect

revenue, expenses and

withdrawals?

STAGE 2: ASSESSMENT EVIDENCE

What evidence will be collected to determine whether or not the understandings have been developed, the knowledge and skills

attained, and the state standards met? [Anchor the work in performance tasks that involve application, supplemented as needed by

prompted work, quizzes, observations, etc.]

PERFORMANCE TASKS:

(Through what authentic

performance tasks will students

demonstrate the desired

Define accounting in your

own words

Presentations on the various

types of careers available to

accountants

Define accounting terms


rev iewed in this unit

Check the balance of the

accounting equation after a

business transaction has been analyzed and recorded



Story Time- critical thinking

questions

Introduction of Bank On I t

Website


AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

understandings?)

(By what criteria will performances

of understanding be judged?)


Compare/Contrast three types of business operations:

Serv ice, Merchandising, and Manufacturing

Career exploration activity

Example: Look-up website to

find career information

Separate web based internet activ ities

Story Time- critical thinking

questions

Use of technology for

accounting activ ities

Week of Respect activities

Classifying business into defined categories

Calculate account balances after recording business

transactions

Math Minutes

List and apply the rules of debit and credit for revenue,

expense, and withdrawal

accounts

Story Time- critical thinking questions

Analysis of source documents

Math Minutes

KWL

Use of technology for

accounting activ ities

Use of technology for career

writing exploration activity

Technology used for calculation of income and net

losses

Organize an income statement for a proprietorship

Prepare a balance sheet and

calculate owner’s equity

Explain the first three stages of

the accounting cycle

Clarify when checkmarks should be used

Challenge Problems

Workbook and packet

problems

Completed pages must be

ruled and proven

Construct the correcting entries


AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

Show how the accounting equation is affected by simple

financial transactions

Introduction to the simple standard accounting form

called Balance Sheet.

Math Minutes

Introduction to ALOE equation

Overview and dissection of

accounting transaction sentences

Challenge Problems

Workbook and packet

problems

Understanding adding to owner’s equity

Insight into business expenses

Create a more advanced Balance Sheet

Writing several types of transactions into a five

column journal

Construction of journal pages

and transaction sentences

Proving an indiv idual journal page.

Ruling the journal page.

when needed

Math Minutes

KWL

Use of technology for accounting activ ities

Create permanent business

documents for sharing

Post Journal entries derived

from both source documents

and transaction sentences

Prove the cash

Total and rule the journal

pages

OTHER EVIDENCE:

(Through what other evidence (e.g.

Benchmark Tests

Textbook and Workbook

Benchmark Tests


Benchmark Tests



AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

quizzes, tests, academic prompts,

observations, homework, journals)

will students demonstrate

achievement of the desired

results?)

(How will students self-assess their

learning?)

Activ ities

Homework

Questioning/Student

Responses

Do Now/Exit Ticket

Specialty Serv ice Business

Packets

Classroom Exercises

and Discussions

Quizzes

Chapter Tests

Written Exercises

Projects

Midterm Exam

Final Exam

Activ ities

Homework

Questioning/Student

Responses

Do Now/Exit Ticket


Packets

Classroom Exercises

and Discussions

Quizzes

Chapter Tests

Written Exercises

Projects

Midterm Exam

Final Exam

Activ ities

Homework

Questioning/Student

Responses

Do Now/Exit Ticket


Packets

Classroom Exercises

and Discussions

Quizzes

Chapter Tests

Written Exercises

Projects

Midterm Exam

Final Exam

RESOURCES:

Textbook

Student Workbooks/Packets PowerPoint

Professional Websites

Textbook



Textbook




AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

Articles Case Studies/Video

Ted Talks (Business)

TV: Shark Tank – Your Business Source Documents

Application Problems

Computer/Technology Internet


TV: Shark Tank – Your Business

Ted Talks (Business) Source Documents

Application Problems

Computer/Technology Internet


TV: Shark Tank – Your Business


Source Documents

Application Problems Computer/Technology

Internet

STAGE 3: LEARNING PLAN

What learning experiences and instruction will enable students to achieve the desired results? Utilize the WHERETO* acronym t o

consider key design elements.

SKILLS AND TOPICS:

(What specific activities will

students do and what skills will

students know as a result of the


introduced in this unit

Pros and cons of being an

entrepreneur



Describe the parts of the five column worksheet



Accounting related stories

and case studies


AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

unit?)

Types of businesses in the

free enterprise system

Accounting related stories and case studies

Crit ical thinking quest ions

Comprehensive workbook activities

Business and Industry defined

categories

Research the history of accounting

Understand the importance

of professional organizat ions

Math Minute

Complete and review

assigned worksheets and packet problems

Math Minute

Use of T accounts to

determine debit and credit

status

Accounting related stories

and case studies


Comprehensive workbook

activities

Creation and completion of new journal pages

Preparing an Income

Statement


Comprehensive workbook

and packet activities

Chart of Accounts creation

Post ing transaction

sentences 5

Post ing separate amounts to individual columns

Post ing totals and properly

placing account numbers or

checkmarks

Completing pages,

checking and ruling

Creation and completion of

new ledger pages


AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

Analysis of Chart of

Accounts

CROSS-CURRICULAR /

DIFFERENTIATION:

(What cross-curricular (e.g.

writing, literacy, math, science,

history, 21st century life and

careers, technology) learning

activities are included in this unit

that will help achieve the desired

results?)

(What type of differentiated

instruction will be used for ELL,

All Students will: Practice Algebra tasks, use

Language Arts and Literacy knowledge and skills, and

research historical information

where applicable.

English Language Learners: Students may use a bilingual

dictionary. (Or on line

translation tool)

Read aloud written instructions Provide modified assessments

when necessary.

Special Education/504: Students: Modifications in

accordance with individual




where applicable.



translation tool)

Read aloud written instructions

Provide modified assessments

when necessary. Special Education/504:

Students: Modifications in




where applicable.



translation tool)

Read aloud written instructions Provide modified assessments

when necessary.




AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

SP.ED. and G&T students?)

students’ 504 plans and IEP’s May be provided with note

organizers / study guides to

reinforce key topics Extended time on assessments

when needed

Preferred seating to be determined by student and

teacher Modified assessments when

necessary

Establish a non-verbal cue to redirect student when not on

task

Maintain strong teacher / parent communication

Gifted and Talented Students: Students will be afforded the opportunity to locate current

events, beyond the scope

discussed in class, that are

accordance with individual students’ 504 plans and IEP’s

May be provided with note

organizers / study guides to reinforce key topics

Extended time on assessments

when needed Preferred seating to be

determined by student and teacher

Modified assessments when

necessary Establish a non-verbal cue to

redirect student when not on

task Maintain strong teacher /

parent communication

Gifted and Talented Students: Students will be afforded the

opportunity to locate current





when needed


teacher Modified assessments when

necessary

Establish a non-verbal cue to redirect student when not on

task


Gifted and Talented Students: Students will be afforded the opportunity to locate current




AUGUST 23, 2016


UNIT:



Accounting

6 Weeks

Unit 2: Analyzing


Credit Parts

8 Weeks


Ledger

6 Weeks

relevant to the class lessons in order to peer teach and share.

All students will be provided a

choice of enrichment activities to expand upon the curriculum,

where time permits

Use higher level questioning techniques in class and on

applicable assessment pieces

General Accommodations: Teachers may supplement

printed resources with v isual and/or audio resources to allow

for multiple intelligences and

learning styles Today all subjects require typed

documents

discussed in class, that are relevant to the class lessons in

order to peer teach and

share. All students will be provided a choice of

enrichment activ ities to

expand upon the curriculum, where time permits




printed resources with v isual

and/or audio resources to allow for multiple intelligences

and learning styles

Today all subjects require typed documents

relevant to the class lessons in order to peer teach and share.

All students will be provided a

choice of enrichment activities to expand upon the

curriculum, where time permits




printed resources with v isual and/or audio resources to

allow for multiple intelligences

and learning styles Today all subjects require

typed documents


AUGUST 23, 2016


*WHERETO

W = Help the students know WHERE the unit is going and WHAT is expected. Help the teacher know WHERE the students are

coming from

(prior knowledge, interests).

H = HOOK all students and HOLD their interest.

E = EQUIP students, help them EXPERIENCE the key ideas and EXPLORE the issue.

R = Provide opportunities to RETHINK and REVISE their understandings and work.

E = Allow students to EVALUATE their work and its implications.

T = TAILORED to the different needs, interests, and abilities of learners.

O = ORGANIZE to maximize initial and sustained engagement as well as effective learning.

UNIT:


Unit 4: Cash Control Systems

and Financial Statements for

a Proprietorship

8 Weeks

Unit 5

Completing the Cycle

7 Weeks

Unit 6

Merchandising Partnership

5 Weeks


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

STAGE 1: DESIRED RESULTS

What will students understand as a result of the unit? What are the BIG ideas?

ESTABLISHED GOALS:

(NJ CCCS and/or CCS)




Technology

8.1

8.2


Standard 9:


9.1

9.2

9.3

ELA


Standards 1-3

CCSS.ELA-LITERACY.

W.11-12.5

standards 1-3

CCSS.ELA-LITERACY.




Technology

8.1

8.2


Standard 9:


9.1

9.2

9.3

ELA


Standards 1-3

CCSS.ELA-LITERACY.

W.11-12.5

standards 1-3

CCSS.ELA-LITERACY.




Technology

8.1

8.2


Standard 9:


9.1

9.2

9.3

ELA


Standards 1-3

CCSS.ELA-LITERACY.

W.11-12.5

standards 1-3

CCSS.ELA-LITERACY.














AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

W.11-12.6

Mathematics #5

W.11-12.6

Mathematics #5

W.11-12.6

Mathematics #5

ENDURING UNDERSTANDINGS:

(Students will Understand that . . .)

The Accounting Cycle is the

basis of all business recordkeeping.

Businesses record activity by

writing checks and

documenting revenue.

A cash receipts journal can

be used for recording

incoming cash.

Inconsistencies in money are a possible indication that the

cash is being mismanaged.

Payments by check are

considered cash payments for business documentation.

All cash payments must be

recorded.

The Balance Sheet reports

business information for a specific date using the ALOE

equation.

The Income

statement reports the revenue and expenses for a fiscal

period.

Preparing a Trial Balance.

Without consistent reporting, it would be difficult for

businesses to compare results

from year to year.

GAAP principles impact the way financial transactions are

recorded and the preparation

of financial statements.

Knowledge of central

accounting concepts including consistent reporting and going

concern.

The subsidiary and general

ledgers must hold accurate, up to date information about

receiving cash and subsequent

cash payments.

Businesses compare and

contrast information.

The accounting system of a

business is designed to summarize data to produce

comparable financial

information.

The accounting system is an





AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

A petty cash fund is created to pay for small operating

expenditures.

Bank statements need to be

scrutinized for errors.

Cash is an essential part of business transactions.

Banks charge businesses

for many activ ities.

All businesses keep some cash

available for immediate or emergency use.

Bank statements list all

transactions that occur in a specific time period.

Cash is the bottom line of

business practices.

The Trial Balance combines all

Accounting analyses impact business decisions.

Recording adjustments allow

businesses to report properly.

Accurate documentation and recording of business

information at the cycle end

sets up the fiscal period for proper analysis.

Posting new balances after

adjustments are made

ensures that accounts begin with the proper balances.

Keeping accurate records are

for providing business

information to potential investors and also for

predictions and/or inquiry.

The Accounting Cycle is the

integral aspect of all business activ ities.

A merchandising business is

different than a service business.

The chart of accounts for a

merchandising business

includes purchasing accounts.

Partnership businesses can include many drawing

accounts.

There are many new terms

associated with merchandising businesses.

Journalizing is still required for a partnership.

The Accounting Cycle of activ ities is the same.

Merchandizing business must


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

business accounting activities.

Worksheets are for the accountant. They can be

done in pencil.

basis of all business recordkeeping.

pay freight costs for shipments.

Controlling accounts help to summarize.

ESSENTIAL QUESTIONS:

(What provocative questions will

foster inquiry, understanding, and

transfer of learning?)

What happens if a business uses all of the cash on hand?

What are source documents?

How can you v iew your

bank statement?

How are cash receipts most

efficiently recorded and accounted for?

What is the importance of

establishing guidelines for use

of the Petty Cash Fund?

What are the new terms

How are the adjusting entries recorded for a sole

proprietorship service

business?

How does the Balance Sheet assist a business in creating a

snapshot to be used to

analyze their current financial standings?

In what way does the Income

Statement assist a business to

examine their current financial positions?

How does a merchandising business record and pay

accounts payable to suppliers

and other creditors?

How do concepts, and practices related to

merchandising and

partnerships change, from single proprietor and service

organization?

How do partners

withdraw merchandise from their business, instead of cash?


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

related cash controls?

Why should a business check

the banks statements?

What can the petty cash be

used for?

Why do businesses eventually consider all transactions as

cash?

When does a business record

a serv ice charge?

In what ways do businesses use cash?

How are adjustments

planned?

Why is it important to identify and correct mistakes?

Why is accounting, currently a

good career destination?

What is a permanent account?

What is a temporary

account?

Why do we start some

accounts with a zero balance?

How does a worksheet help

the accountant analyze

current business financial positions?

The importance of keeping

records for providing business information to potential

investors and for

When should an invoice received from a vendor be

paid?

Why do accountants journalize transactions?

Why do all invoices need to be

rechecked?

What happens to tax monies

collected by a merchandising business?

How often should a business prove the journal?

Why is a tax entry a three column entry?

How does adding a controlling account change the model?


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

predictions and/or analysis.

STAGE 2: ASSESSMENT EVIDENCE

What evidence will be collected to determine whether or not the understandings have been developed, the knowledge and skills

attained, and the state standards met? [Anchor the work in performance tasks that involve application, supplemented as needed by

prompted work, quizzes, observations, etc.]

PERFORMANCE TASKS:

(Through what authentic

performance tasks will students

demonstrate the desired

Record sales and cash

receipts

Post the sales and cash transactions

Prove, total and rule the

journal pages

Explain the relationship

between the worksheet and the financial statements

for a serv ice business

Record transactions in the

proper accounts, ledger,

Post sales to the appropriate

general ledger and accounts receivable subsidiary ledger

One Tree Hill activ ity

Identify selected procedures

for finding and correcting errors


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

understandings?)

(By what criteria will performances

of understanding be judged?)

Prepare an income statement, balance sheet

Reconcile a bank statement

Write checks

Reflect on African American

History through business

Complete career research

assignment

Chart of Accounts creation

Adding accounts to the Chart

of Accounts

Write deposit tickets

Scrutinize source documents

for recording transaction information

Analysis of a serv ice business

journal or postings

Mathematically calculate business profit or loss

Determine balance

adjustments when and where

needed

Reports the revenue and

expenses for a completed

fiscal period.

Record Profit and/or losses

Correctly place and adjust debit and credit

balances.

Use proper forms for recording

Demonstrate ability how to

make corrections to a work sheet.

Match revenue with expenses

in accounting records

Apply accounting terms,

concepts, and practices for a

merchandising partnership

Analyze credit card sales by customers

Journalizes all transaction

sentences relating to a

merchandising partnership

Begin an eleven column journal page using previous balances

Prove and rule an 11 column

journal page

How using a controlling account helps keeps a

summary of

specific information.

Post to a subsidiary ledger.


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

Posting to the General Ledger

Recording in specialty

columns

Fitness Center Part A

for a fiscal period

Combine information on a

work sheet

Fitness Center Part B

In today’s workplace recognize the value and Importance of

being aware of cultural differences when doing

business.

OTHER EVIDENCE:

(Through what other evidence (e.g.

quizzes, tests, academic prompts,

observations, homework, journals)

will students demonstrate

achievement of the desired

results?)

(How will students self-assess their

learning?)

Benchmark Tests


Activ ities

Homework

Questioning/Student

Responses

Do Now/Exit Ticket


Packets

Classroom Exercises

and Discussions

Benchmark Tests


Activ ities

Homework

Questioning/Student

Responses

Do Now/Exit Ticket


Packets

Classroom Exercises

and Discussions

Benchmark Tests


Activ ities

Homework

Questioning/Student Responses

Do Now/Exit Ticket


Packets

Classroom Exercises

and Discussions


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

RESOURCES:

Textbook

PowerPoint Source Documents

Case Studies/Video

Professional Websites Application Problems

Computer/Technology Ted Talks (Business)

Student Workbooks/Packets

TV: Shark Tank – Your Business Internet Articles

Textbook Student Workbooks/Packets

PowerPoint Professional Websites

Articles

Case Studies/Video TV: Shark Tank – Your Business

Source Documents



Internet

Textbook Student Workbooks/Packets

PowerPoint Professional Websites

Articles

Case Studies/Video TV: Shark Tank – Your Business

Source Documents


Internet


STAGE 3: LEARNING PLAN

What learning experiences and instruction will enable students to achieve the desired results? Utilize the WHERETO* acronym to


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

consider key design elements.

SKILLS AND TOPICS:

(What specific activities will

students do and what skills will

students know as a result of the

unit?)

Define accounting terms rev iewed in this unit

Describe the accounts used in

the accounting process of a serv ice business

Answering critical thinking

questions

Beginning a Journal page

Adding to Ledger pages

Ruling a page

Proving a page

Prove the cash

Balance a checkbook

Reconcile a business bank statement

To prepare a Balance Sheet and Income Statement for a

sole proprietorship

Define accounting terms rev iewed in this unit

Describe the accounts used in

the accounting process of a

serv ice business

Create reports that examine revenue and expenses

leading to a loss or gain

Using the trial balance to

prepare the Balance Sheet and Income Statement

Place transaction into the

proper accounts

Understand the uses of petty

Posting expertise

Examination of the 9 to 5 business model

Analysis of accounts payable

ledger forms

Recognizing and culling information from relevant

source documents

Types of business organization

models

Replenish petty cash fund

Working with eleven column journals

Recognize accounting

concept Objective evidence


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

Posting

Assessing Net Gain or Net Loss

Cash Controls

Establishing Petty Cash Fund

Replenishing Petty Cash Fund

cash and how to post it

Calculate business losses

or gains

Complete a worksheet

Create a Post-Closing Trial

Balance

Follow activities for correctly analyzing vendor forms

Investigate freight terms and

conditions

Review all learned steps in the

accounting cycle

CROSS-CURRICULAR /

DIFFERENTIATION:

(What cross-curricular (e.g. writing,

literacy, math, science, history, 21st

century life and careers,

technology) learning activities are

All Students will: Practice Algebra tasks, use Language Arts and Literacy

knowledge and skills, and

research historical information where applicable.














AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks

included in this unit that will help

achieve the desired results?)

(What type of differentiated

instruction will be used for ELL,

SP.ED. and G&T students?)

translation tool) Read aloud written

instructions Provide modified assessments

when necessary.






when needed


teacher

Modified assessments when necessary

Establish a non-verbal cue to


translation tool) Read aloud written

instructions Provide modified assessments

when necessary.






when needed


teacher

Modified assessments when necessary

Establish a non-verbal cue to


translation tool) Read aloud written instructions

Provide modified assessments when necessary.

Special Education/504:

Students: Modifications in accordance with individual

students’ 504 plans and IEP’s

May be provided with note organizers / study guides to

reinforce key topics

Extended time on assessments when needed

Preferred seating to be

determined by student and teacher

Modified assessments when

necessary Establish a non-verbal cue to


task


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks




opportunity to locate current events, beyond the scope


relevant to the class lessons in order to peer teach and

share. All students will be

provided a choice of enrichment activ ities to

expand upon the curriculum,

where time permits Use higher level questioning

techniques in class and on







opportunity to locate current events, beyond the scope


relevant to the class lessons in order to peer teach and

share. All students will be

provided a choice of enrichment activ ities to

expand upon the curriculum,

where time permits Use higher level questioning

techniques in class and on






opportunity to locate current

events, beyond the scope discussed in class, that are

relevant to the class lessons in

order to peer teach and share. All students will be provided a

choice of enrichment activities

to expand upon the curriculum, where time permits

Use higher level questioning

techniques in class and on applicable assessment pieces



and/or audio resources to

allow for multiple intelligences


AUGUST 23, 2016


UNIT:




a Proprietorship

8 Weeks

Unit 5


7 Weeks

Unit 6


5 Weeks



typed documents



typed documents


typed documents

*WHERETO

W = Help the students know WHERE the unit is going and WHAT is expected. Help the teacher know WHERE the students are

coming from

(prior knowledge, interests).

H = HOOK all students and HOLD their interest.

E = EQUIP students, help them EXPERIENCE the key ideas and EXPLORE the issue.

R = Provide opportunities to RETHINK and REVISE their understandings and work.

E = Allow students to EVALUATE their work and its implications.


AUGUST 23, 2016


T = TAILORED to the different needs, interests, and abilities of learners.

O = ORGANIZE to maximize initial and sustained engagement as well as effective learning.

INTRODUCTION TO ACCOUNTING GRADE: 11-12 - Elmwood Park … · the accounting equation. Gain an...

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