Accounting 1A/1B

Adopted June 7, 2022

Download/ Print Accounting 1A/1B

Grades 9-12 Math Competency Checklist

K-12 Math Competencies

Download/ Print Math Curriculum

Recommended High School Pathways

Appendix

Additional Educator Resources

AK Standards for Mathematical Practice

Course Details:

Grades: 9-12

Length: two semester

Credit: 1 (0.5 per semester)

Prerequisite: none

Course Description:

Accounting 1A/1B provides an introduction to the objectives, principles, assumptions, and concepts of financial accounting, which is a specialized branch of accounting that keeps track of a company’s financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement, such as an income statement or balance sheet.

This course focuses on procedures and practices from the accounting cycle through financial statement presentation, with an emphasis on recognizing, valuing, reporting, and disclosing assets, liabilities, and equity. Students will acquire the capability for developing a sound financial basis for accounting. This course presumes no previous accounting knowledge.

Mathematical Topics

(Recommended Order)

Semester 1

(Accounting 1A)

- Starting a Proprietorship: Changes that Affect the Accounting Equation
- Analyzing Transactions into Debit and Credit Parts
- Journalizing Transactions
- Posting to a General Ledger
- Cash Control Systems
- Work Sheet and Adjusting Entries for a Service Business
- Financial Statements for Proprietorship
- Recording Closing Entries and Preparing a Post-Closing Trial Balance for A Service Business

Semester 2

(Accounting 1B)

- Accounting for Purchases and Cash Payments
- Accounting for Sales and Cash Receipts
- Accounting for Transactions Using a General Journal
- Preparing Payroll Records
- Accounting for Payroll and Payroll Taxes
- Accounting for Uncollectible Accounts Receivable
- Preparing Adjusting Entries and a Trial Balance
- Financial Statements and Closing Entries for a Corporation
- Financial Statement Analysis

Course/ Grade Competencies

Semester 1

M1.9-12.1: The learner will write, apply, and provide a rationale for a mathematical model representing a given situation.
M2.9-12.1: The learner will justify how to apply properties of real number systems to variable expressions in a variety of contexts.
M3.9-12.2: The learner will reason quantitatively when analyzing, representing, and solving problems.
M3.9-12.3: The learner will compare the effectiveness or logic of two plausible arguments or models.
M5.9-12.2: The learner will write and apply algebraic modes to represent and answer questions about a given situation.
M5.9-12.3: The learner will interpret, analyze, and use relations and functions applied in a variety of contexts, including real-world phenomena.
M7.9-12.1: The learner will formulate questions to clarify the problem at hand and formulate one (or more) questions that can be answered with data.
M7.9-12.2: The learner will design and implement a plan to collect the appropriate data to answer the statistical question.
M7.9-12.3: The learner will summarize data using appropriate statistics.
M7.9-12.4: The learner will select appropriate graphical and numerical methods, and use these methods to represent the data in a way that supports interpretation.

Semester 2

- M1.9-12.1: The learner will write, apply, and provide a rationale for a mathematical model representing a given situation.
- M1.9-12.2: The learner will interpret and use symbols to express relationships and justify reasoning when solving problems.
- M2.9-12.1: The learner will justify how to apply properties of real number systems to variable expressions in a variety of contexts.
- M3.9-12.1: The learner will use computational strategies and algorithms and provide rationale for their use.
- M3.9-12.2: The learner will reason quantitatively when analyzing, representing, and solving problems.
- M3.9-12.3: The learner will compare the effectiveness or logic of two plausible arguments or models.
- M5.9-12.1: The learner will apply properties of arithmetic and algebra to simplify and manipulate symbolic expressions or models.
- M5.9-12.2: The learner will write and apply algebraic modes to represent and answer questions about a given situation.
- M5.9-12.3: The learner will interpret, analyze, and use relations and functions applied in a variety of contexts, including real-world phenomena.
- M7.9-12.1: The learner will formulate questions to clarify the problem at hand and formulate one (or more) questions that can be answered with data.
- M7.9-12.2: The learner will design and implement a plan to collect the appropriate data to answer the statistical question.
- M7.9-12.3: The learner will summarize data using appropriate statistics.
- M7.9-12.4: The learner will select appropriate graphical and numerical methods, and use these methods to represent the data in a way that supports interpretation.
- M7.9-12.6: The learner will apply probability concepts to analyze and evaluate potential decisions and strategies.

Starting a Proprietorship:

Changes that Affect the Accounting Equation

Graduate-Level Competency:

M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M1.9-12.1

M7.9-12.3

Content Objectives:

Must be Covered:

The learner will:

- Understand accounting standards and rules.
- Use basic accounting equations.
- Determine the effects of business transactions.
- Learn about receiving cash.
- Learn about paying cash.
- Learn about purchasing on account.
- Learn about paying on account.
- Learn about receiving cash from sales.
- Learn about sales on account.
- Learn about receiving cash on account.
- Learn about paying cash to the owner for personal use.
- Understand the summary of changes in owner’s equity.

Can be Covered:

The learner will:

Practice oral communication.
Practice written communication.
Learn about the role of accounting.
Understand ethics in business.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: TerraCycle
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 1-1, 1-2, and 1-3
      - Application problems 1-1, 1-2, and 1-3
- Analyzing Nike’s financial statements

Analyzing Transactions into Debit and Credit Parts

Graduate-Level Competency:

M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.

M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.

Course/ Grade Competencies:

M1.9-12.1

M5.9-12.2

Content Objectives:

Must be Covered:

The learner will:

- Use T accounts.
- Analyze how transactions affect accounts.
- Analyze how transactions affect the owner’s equity accounts.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

Accounting in the real world: SportClips
Century 21 Accounting - General Journal (Cengage, 2019):
- - - Working papers 2-1, 2-2, and 2-3
    - Application problems 2-1, 2-2, and 2-3
Auditing for errors

Journalizing Transactions

Graduate-Level Competency:

M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M2.9-12.1

M7.9-12.2

Content Objectives:

Must be Covered:

The learner will:

- Understand double-entry accounting.
- Learn about source documents.
- Prepare journal entries.
- Learn about receipts.

Can be Covered:

The learner will:

Learn about chronological records.
Practicing using calculator tapes.
Start a new General Journal page.
Correct errors in journal entries.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: Target
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 3-1, 3-2, 3-3, and 3-4
      - Application problems 3-1, 3-2, 3-3, and 3-4
- 21st Century Skills

Posting to a General Ledger

Graduate-Level Competency:

M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.

Course/ Grade Competencies:

M3.9-12.2

Content Objectives:

Must be Covered:

The learner will:

Prepare a chart of accounts.
Post from a General Journal to a General Ledger.
Prove cash
Create a journal entry to record a correcting entry.

Can be Covered:

The learner will:

- Create a memorandum for correcting entries.
- Assign account numbers.
- Open an account in a General Ledger.
- Understand the relationship of a T account to an Account Form.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: Tidal
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 4-1, 4-2, and 4-3
      - Application problems 4-1, 4-2, and 4-3
      - Source documents problem 4-S
- Auditing for errors

Cash Control Systems

Graduate-Level Competency:

M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.

Course/ Grade Competencies:

M1.9-12.1

Content Objectives:

Must be Covered:

The learner will:

Practice bank statement reconciliation.
Complete check stubs and checks.
Understand and interpret bank statements.
Deposit cash.
Learn about petty cash.
Establish a petty cash fund.
Replenish petty cash.

Can be Covered:

The learner will:

- How businesses use cash.
- Learn about restrictive endorsement.
- Learn about special endorsement.
- Learn about blank endorsement.
- Record a voided check.
- Practice oral communication of accounting information.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: Starbucks
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 5-1, 5-2, 5-3, and 5-4
      - Application problem 5-1, 5-2, 5-3, and 5-4
      - Reinforcement activity 1, part A

Work Sheet and Adjusting Entries for a Service Business

Graduate-Level Competency:

M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M5.9-12.3

M7.9-12.3

Content Objectives:

Must be Covered:

The learner will:

- Create a work sheet.
- Prepare a trial balance on a work sheet.
- Plan adjustments on a work sheet.
- Record net income.
- Calculate and record a net loss.

Can be Covered:

The learner will:

Prove the adjustments column of a work sheet.
Partial ledger accounts after posting adjusting entries.
Prevent errors.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

Accounting in the real world: AICPA
Century 21 Accounting - General Journal (Cengage, 2019):
- - - Working papers 6-1, 6-2, 6-3, and 6-4
    - Application problems 6-1, 6-2, 6-3, and 6-4
Analyzing Nike’s financial statements

Financial Statements for Proprietorship

Graduate-Level Competency:

M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M3.9-12.2

M3.9-12.3

M7.9-12.4

Content Objectives:

Must be Covered:

The learner will:

Prepare an income statement.
Report financial information.
Analyze an income statement.
Calculate net income ratio.
Calculate total expense ratio.
Learn about acceptable financial ratios.
Prepare a statement of owner’s equity.

Can be Covered:

The learner will:

- Prepare the heading of an income statement.
- Prepare the heading of a balance sheet.
- Prepare the body of a statement of owner’s equity.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

Accounting in the real world: Winmark Corporation
Century 21 Accounting - General Journal (Cengage, 2019):
- - - Working papers 7-1 and 7-2
    - Application problems 7-1 and 7-2

Recording Closing Entries and Preparing a Post-Closing Trial Balance for a Service Business

Graduate-Level Competency:

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M7.9-12.1

M7.9-12.2

Content Objectives:

Must be Covered:

The learner will:

Record closing entries.
Prepare a post-closing trial balance.
Make a closing entry to record net income or loss.
Make a closing entry for the owner’s drawing accounting.
Make a closing entry for an income statement account.

Can be Covered:

The learner will:

- Learn about the accounting cycle for a service business.
- Prepare a post-closing trial balance.
- Learn about the need for the income summary account.
- Learn about the need for closing temporary accounts.
- Learn about the need for permanent and temporary accounts.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: Radio Flyer
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 8-1 and 8-2
      - Application problems 8-1 and 8-2
      - Reinforcement activity 1, part B

Accounting for Purchases and Cash Payments

Graduate-Level Competency:

M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.

M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.

M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.

Course/ Grade Competencies:

M1.9-12.1

M3.9-12.1

M3.9-12.2

M5.9-12.1

M5.9-12.2

M5.9-12.3

Content Objectives:

Must be Covered:

The learner will:

- Prepare subsidiary ledgers.
- Learn about controlling accounts.
- Learn about how to form a corporation.
- Practice the perpetual inventory method.
- Practice the periodic inventory method.
- Learn about the cost of goods sold.
- Prepare purchases journal.
- Prepare cash payments journal.

Can be Covered:

The learner will:

- Prove the accounts payable ledger.
- Total, prove, and rule a cash payments journal.
- Total and rule a purchases journal.
- Replenish a petty cash fund.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: Staples
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 9-1, 9-2, 9-3, 9-4, and 9-5
      - Application problem 9-1, 9-2, 9-3, 9-4, and 9-5
      - Using source document 9-S

Accounting for Sales and Cash Receipts

Graduate-Level Competency:

M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.

M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M1.9-12.2

M3.9-12.1

M3.9-12.2

M3.9-12.3

M7.9-12.2

M7.9-12.3

M7.9-12.4

M7.9-12.6

Content Objectives:

Must be Covered:

The learner will:

- Learn about sales tax.
- Prepare a sales invoice.
- Process sales transactions.
- Process cash and credit card sales.
- Process credit cards.
- Process sales transactions.
- Prove cash at the end of a month.
- Calculate cash receipts on an account with a sales discount.

Can be Covered:

The learner will:

- Prove the Accounts Receivable Ledger.
- Total, prove, and rule a Cash Receipts Journal.
- Total, prove, and rule Sales Journal.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: Federal Trade Commission
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 10-1, 10-2, 10-3, and 10-4
      - Application problems 10-1, 10-2, 10-3, and 10-4
      - Using source document 10-S

Accounting for Transactions Using a General Journal

Graduate-Level Competency:

M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M1.9-12.1

M7.9-12.3

Content Objectives:

Must be Covered:

The learner will:

Journalize sales returns and allowances.
Learn about accounting for the declaration and payment of a dividend.
Journalize purchase returns and allowances.

Can be Covered:

The learner will:

- Declare a dividend.
- Pay declared dividends.
- Prepare memorandum for buying supplies on account.
- Correct errors in subsidiary ledger accounts.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

Accounting in the real world: Square, Inc.
Century 21 Accounting - General Journal (Cengage, 2019):
- - - Working papers 11-1, 11-2, and 11-3
    - Application problems 11-1, 11-2, and 11-3
Auditing for errors

Preparing Payroll Records

Graduate-Level Competency:

M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.

M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.

Course/ Grade Competencies:

M1.9-12.1

M3.9-12.2

Content Objectives:

Must be Covered:

The learner will:

- Calculate employee earning.
- Determine payroll tax withholding.
- Prepare payroll records.
- Prepare payroll checks.
- Understand and interpret a payroll bank statement.
- Learn about payroll taxes.
- Calculate employee hours worked.
- Prepare employee earning records.

Can be Covered:

The learner will:

- Prepare electronic funds transfer.
- Learn about voluntary deductions from earnings.
- Learn about time clock systems.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: Deloitte University
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 12-1, 12-2, 12-3, and 12-4
      - Application problems 12-1, 12-2, 12-3, and 12-4
      - Source document 12-S

Accounting for Payroll and Payroll Taxes

Graduate-Level Competency:

M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.

M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M2.9-12.1

M3.9-12.2

M7.9-12.2

Content Objectives:

Must be Covered:

The learner will:

- Record payroll.
- Analyze payment of payroll.
- Record employer payroll taxes.
- Learn about employer payroll taxes.
- Learn about state unemployment tax.
- Learn about Federal unemployment tax.
- Learn about employer Social Security and Medicare taxes.
- Calculate unemployment taxes.
- Prepare employer’s quarterly federal tax return.
- Prepare employer’s annual reporting of payroll taxes.
- Learn how to make Federal tax deposits.
- Learn about paying the Liability for Federal Unemployment Tax.
- Learn about paying the Liability for Employee Income Tax, Social Security Tax, and Medicare Tax.

Can be Covered:

The learner will:

- Prepare different forms containing payroll information.
- Journalize payment of a payroll.
- Journalize employer payroll taxes.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

CC.9-12.A.REI.1

CC.9-12.A.CED.1

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

Accounting in the real world: GoPro
Century 21 Accounting - General Journal (Cengage, 2019):
- - - Working papers 13-1, 13-2, 13-3, and 13-4
    - Application problems 13-1, 13-2, 13-3, and 13-4
    - Reinforcement activity 2, part A

Accounting for Uncollectible Accounts Receivable

Graduate-Level Competency:

M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.

Course/ Grade Competencies:

M1.9-12.1

Content Objectives:

Must be Covered:

The learner will:

Learn about methods of estimating uncollectable accounts receivable.
Adjust entry for allowance for uncollectible accounts.
Estimate uncollectible accounts expense.
Reopen an account previously written off.
Prepare promissory notes.
Learn about maturity dates of promissory notes.
Calculate interest on promissory notes.

Can be Covered:

The learner will:

- Journalize the writing-off of an uncollectible accounts receivable.
- Accept a note receivable from a customer.
- Understand promissory notes.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Century 21 Accounting - General Journal (Cengage, 2019):
- Accounting in the real world: United Parcel Service
  - - - Working papers 14-1, 14-2, and 14-3
      - Application problems 14-1, 14-2, and 14-3

Preparing Adjusting Entries and a Trial Balance

Graduate-Level Competency:

M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M5.9-12.3

M7.9-12.3

Content Objectives:

Must be Covered:

The learner will:

- Calculate Federal income tax.
- Calculate the depreciation of plan assets.
- Plan adjusting entries.
- Adjust merchandise inventory and interest receivables.
- Adjust accumulated depreciation.

Can be Covered:

The learner will:

Journalize the adjusting entry for Federal income tax payable.
Journalize the adjusting entry for accumulated depreciation.
Journalize the adjusting entry for interest receivable.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

Accounting in the real world: Dollar General
Century 21 Accounting - General Journal (Cengage, 2019):
- - - Working papers 15-1, 15-2, 15-3, and 15-4
    - Application problems 15-1, 15-2, 15.3 and 15.4
Auditing for errors

Financial Statements and Closing Entries for a Corporation

Graduate-Level Competency:

M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M3.9-12.2

M3.9-12.3

M7.9-12.4

Content Objectives:

Must be Covered:

The learner will:

- Prepare an income statement.
- Prepare a statement of stockholder’s equity.
- Prepare a balance sheet.
- Record closing entries for income statement accounts.
- Prepare a post-closing trial balance.
- Complete closing entries for a corporation recorded in a journal.
- Understand supporting schedules for a balance sheet.
- Prepare closing entries for dividends.
- Prepare closing entries to record net income.
- Prepare closing entries for accounts with credit balances.

Can be Covered:

The learner will:

- Prepare post-closing trial balance.
- Complete a balance sheet.
- Learn about the income summary account.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: Toshiba
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 16-1, 16-2, 16-3, 16-4, and 16-5
      - Application problems 16-1, 16-2, 16-3, 16-4, and 16-5

Financial Statement Analysis

Graduate-Level Competency:

M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.

Course/ Grade Competencies:

M7.9-12.1

M7.9-12.2

Content Objectives:

Must be Covered:

The learner will:

- Calculate vertical analysis ratios.
- Use vertical analysis ratios to analyze gross profit.
- Understand the vertical analysis of a balance sheet.
- Calculate the horizontal analysis.
- Analyze financial statements using financial ratios.
- Calculate liquidity ratios.
- Calculate market ratios.
- Calculate earnings per share.
- Correct an unfavorable debt ratio.
- Correct an unfavorable operating expense ratio.
- Correct an unfavorable gross margin.
- Manage an unfavorable gross margin.
- Calculate vertical analysis ratios on a balance sheet.
- Calculate price-earnings ratio.
- Learn about dividend yields.

Can be Covered:

The learner will:

- Analyze trends with vertical analysis.
- Learn about quick ratios.
- Learn about the current ratio.
- Learn about working capital.

Standards:

AKSS

A-SSE.1, A-SSE.3.

A-CED.1, A-CED.4.

Mathematical Practices

All mathematical practices are present in each unit.

Suggested Activities, Materials, and Resources:

- Accounting in the real world: Scottrade
- Century 21 Accounting - General Journal (Cengage, 2019):
  - - - Working papers 17-1, 17-2, 17-3, and 17-4
      - Application problems 17-1, 17-2, 17-3, and 17-4
      - Reinforcement activity 2, part B
- Analyzing Nike’s financial statements

Page updated

Report abuse