UNIT DESCRIPTION: SUGGESTED UNIT TIMELINE: 4 weeks Students will learn about merchandise inventory and uncollectible accounts. PERIOD (min.): 50 ESSENTIAL QUESTIONS: What is the purpose of taking inventory? Why are there multiple ways of tracking inventory? How do uncollectible accounts effect the business? Why do some companies use the direct write-off method and others use the allowance method? Why is a company’s accounts receivable turnover ratio important to managers? ESSENTIAL MEASURABLE LEARNING OBJECTIVES CCSS LEARNING GOALS CROSSWALK TO STANDARDS (Anchor Standards/Clusters) GLEs/CLEs PS CCSS OTHER DOK Define terminology related to inventory and RST.11-12.4 ACCT IV.B.3-4.3 1 uncollectible accounts RI.11-12.4 L.11-12.6 RH.11-12.4 Determine the cost of merchandise inventory A-SSE.9-12.1a ACCT IV.B.3-4.4 4 using selected costing methods N-Q.9-12.1 A-CED.9-12.1 A-CED.9-12.4 RI.11-12.7 Estimate the cost of merchandise inventory A-SSE.9-12.1a ACCT IV.B.3-4.4 4 using selected estimating methods N-Q.9-12.1 A-CED.9-12.1
UNIT DESCRIPTION: Students will learn about merchandise inventory and uncollectible accounts. SUGGESTED UNIT TIMELINE: 4 weeks PERIOD (min.): 50 ESSENTIAL QUESTIONS: What is the purpose of taking inventory? Why are there multiple ways of tracking inventory? How do uncollectible accounts effect the business? Why do some companies use the direct write-off method and others use the allowance method? Why is a company’s accounts receivable turnover ratio important to managers? ESSENTIAL MEASURABLE LEARNING OBJECTIVES CCSS LEARNING GOALS (Anchor Standards/Clusters) CROSSWALK TO STANDARDS GLEs/CLEs PS CCSS OTHER DOK Define terminology related to inventory and uncollectible accounts RST.11-12.4 RI.11-12.4 L.11-12.6 RH.11-12.4 ACCT IV.B.3-4.3 1 Determine the cost of merchandise inventory using selected costing methods A-SSE.9-12.1a N-Q.9-12.1 A-CED.9-12.1 A-CED.9-12.4 RI.11-12.7 ACCT IV.B.3-4.4 4 Estimate the cost of merchandise inventory using selected estimating methods A-SSE.9-12.1a N-Q.9-12.1 A-CED.9-12.1 ACCT IV.B.3-4.4 4
UnitTemplate_InventoryControl.docx