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 Instructional Content, Themes, Concepts, and Guiding / Topical Questions Assessment Resources and Skills Teaching Strategies Strategies Materials What is the difference between a service business and a Define accounting reviewed in this Current textbook Accounting Vocabulary Written tests merchandising business? unit. Exercise and quizzes Student workbooks What is the difference between a retailer and a wholesaler? Record sales and cash receipts Classwork Lecture, demonstration and Excel Simulations class discussion: How does a merchandising business act as a collection agent transactions. Post sales to the appropriate PowerPoint based Practice for the government? Excel general ledger Worksheets Reinforcement: Complete sets What are the source documents for recording different types and accounts receivable subsidiary ledger. and review the assigned of sales to customers? Effective PowerPoint chapter workbook Describe the accounts used in the sales use of class What are the accounts used in the purchasing process? problems and the purchasing process. time Smartboard When and why a business use an accounts receivable Record purchases and cash Technology: Prepare Ability to subsidiary ledger? payment transactions. selected assignments stay on task utilizing Excel When is it an advantage for a business to accept a discount Post to the purchases and the Preparation for early payment? accounts payable subsidiary ledger. Homework time after school for Websites additional help as needed Class Guest Speakers participation Professional Videos
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
Cardinal%20Hayes%20Accounting%20Curriculum.docx