Embedded Files
Course Details:
Course Details:
Grades: 10-12
Length: two semesters
Credit: 1 (0.5 per semester)
Prerequisite: Accounting 1A/1B or teacher recommendation
Course Description:
Course Description:
Accounting 2A/2B introduces students to the concepts and applications of managerial accounting. Students focus on analysis and recording of various manufacturing costs, cost-volume-profit analysis, preparation of financial statements for a manufacturer, creation of static and flexible budgets and reports, evaluation of capital investments, and various costing systems.
Mathematical Topics
Mathematical Topics
(Recommended Order)
Semester 1
Semester 1
(Accounting 2A)
Acquiring Capital for Growth and Development
Accounting for Plant Assets, Depreciation, and Intangible Assets
Accounting for Inventory
Accounting for Accruals, Deferrals, and Reversing Entries
End-of-Fiscal-Period Work for a Corporation
Semester 2
Semester 2
(Accounting 2B)
Forming a Partnership
Distribution of Net Income and Owner’s Equity Statements
Dissolving a Partnership
Recording International Sales
Recording Internet Sales
Course/ Grade Competencies
Course/ Grade Competencies
Semester 1
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.
M3.9-12.3: 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.
M7.9-12.3: 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
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.
M3.9-12.1: The learner will use computational strategies and algorithms and provide rationale for their use.
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.
M5.9-12.4: The learner will analyze relations and functions, using multiple representations.
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.
Acquiring Capital for Growth and Development
Acquiring Capital for Growth and Development
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
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:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M5.9-12.2
M5.9-12.3
M7.9-12.1
Content Objectives:
Content Objectives:
Short-Term Debt Financing:
Must be Covered:
The learner will learn about and understand the following topics:
Short-Term Debt Financing
Long-Term Debt Financing
Capital Stock
Acquiring Additional Stock
Can be Covered:
The learner will learn about and understand the following topics:
Signing a Promissory Note for an Extension of Time
Selecting Financing Methods
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
CC.9-12.A.REI.1
CC.9-12.A.REI.1
CC.9-12.A.CED.1
CC.9-12.A.CED.1
CC.9-12.A.CED.1
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M5.9-12.2
M5.9-12.3
M7.9-12.1
Content Objectives:
Content Objectives:
Long-Term Debt Financing:
Must be Covered:
The learner will learn about and understand the following topics:
Applying for a Business Loan
Issuing Bonds
Paying Interest on Bonds
Can be Covered:
The learner will learn about and understand the following topics:
Signing a Long-Term Note Payable
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
CC.9-12.N.Q.1
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M5.9-12.2
M7.9-12.1
Content Objectives:
Content Objectives:
Capital Stock:
Must be Covered:
The learner will learn about and understand the following topics:
Issuing Capital Stock
Issuing Stock in Excess of Par Value
Issuing Preferred Stock at Par Value
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
CC.9-12.A.REI.1
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M5.9-12.2
M7.9-12.1
M7.9-12.3
Content Objectives:
Content Objectives:
Acquiring Additional Capital:
Must be Covered:
The learner will learn about and understand the following topics:
Making Financial Decisions
Financial Leverage
Can be Covered:
The learner will learn about and understand the following topics:
Selecting Financial Methods
Standards:
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:
Suggested Activities, Materials, and Resources:
Accounting in the real world: Ford Motor Company
Century 21 Accounting - General Journal (Cengage, 2019):
Working papers 18-1, 18-2, 18-3, and 18-4
Application problems 18-1, 18-2, 18-3, and 18-4
21st Century Skills: Financial, Economic, Business, and Entrepreneurial Literacy
Accounting for Plant Assets, Depreciation,
Accounting for Plant Assets, Depreciation,
and Intangible Assets
and Intangible Assets
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
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.
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:
Course/ Grade Competencies:
M2.9-12.1
M3.9-12.3
M5.9-12.2
M5.9-12.3
M7.9-12.1
M7.9-12.4
Content Objectives:
Content Objectives:
Buying Plant Assets & Paying Property Taxes:
Must be Covered:
The learner will learn about and understand the following topics:
Plant Assets
Recording the Buying of a Plant Asset
Calculating and Paying Property Tax
Can be Covered:
The learner will learn about and understand the following topics:
Recording the Buying of a group of Assets
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
Content Objectives:
Content Objectives:
Calculating Depreciation Expense:
Must be Covered:
The learner will learn about and understand the following topics:
Calculating Straight-Line Depreciation
Calculating Accumulated Depreciation
Calculating Book Value
Can be Covered:
The learner will learn about and understand the following topics:
Calculating depreciation expense for part of a year.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M5.9-12.2
Content Objectives:
Content Objectives:
Journalizing Depreciation Expense:
Must be Covered:
The learner will learn about and understand the following topics:
Preparing Plant Asset Records
Journalizing Annual Depreciation Expense
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
Content Objectives:
Content Objectives:
Disposing of Plant Assets:
Must be Covered:
The learner will learn about and understand the following topics:
Selling a Plant Asset for Book Value
Recording Depreciation Expense on Disposal of an Asset
Selling a Plant Asset for more than Book Value
Selling a Plant Asset for less than Book Value
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
Content Objectives:
Content Objectives:
Declining-Balance Method of Appreciation:
Must be Covered:
The learner will learn about and understand the following topics:
Calculating Depreciation Using the Double-Declining-Balance Method
Calculating Depreciation Expense in the Final Year
Can be Covered:
The learner will learn about and understand the following topics:
Accelerated Depreciation Methods
Comparing Two Methods of Depreciation
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
Content Objectives:
Content Objectives:
Buying Intangible Assets & Calculating Amortization Expense:
Must be Covered:
The learner will learn about and understand the following topics:
Recording the Buying of an Intangible Asset
Calculating and Recording Amortization Expense
Standards:
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:
Suggested Activities, Materials, and Resources:
Accounting in the real world: Costco Wholesale
Century 21 Accounting - General Journal (Cengage, 2019):
Working papers 19-1, 19-2, 19-3, 19-4, 19-5, and 19-6
Application problems 19-1, 19-2, 19-3, 19-4, and 19-6
21st Century Skills: Financial, Economic, Business, and Entrepreneurial Literacy
Accounting for Inventory
Accounting for Inventory
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
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.
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:
Course/ Grade Competencies:
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
M7.9-12.3
Content Objectives:
Content Objectives:
Determining the Quantity of Merchandise Inventory:
Must be Covered:
The learner will learn about and understand the following topics:
The Most Efficient Quantity of Inventory
Inventory Record
Stock Record
Perpetual Inventory Using a Computer
Can be Covered:
The learner will learn about and understand the following topics:
Why Merchandise Inventory is Important
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
Content Objectives:
Content Objectives:
Determining the Cost of Merchandise Inventory:
Must be Covered:
The learner will learn about and understand the following topics:
First-In, First-Out Inventory Costing Method
Last-In, First-Out Inventory Costing Method
Weighted-Average Inventory Costing Method
Calculating the Cost of Merchandise Sold
Inventory Costing Method and Actual Flow of Inventory
Can be Covered:
The learner will learn about and understand the following topics:
Comparison of Inventory Methods
Lower of Cost or Market Inventory Costing Method
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
M7.9-12.3
M7.9-12.4
Content Objectives:
Content Objectives:
Eliminating Inventory:
Must be Covered:
The learner will learn about and understand the following topics:
Gross Profit Method of Estimating Inventory
Estimating Inventory for Other Months
Standards:
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:
Suggested Activities, Materials, and Resources:
Accounting in the real world: IKEA
Century 21 Accounting - General Journal (Cengage, 2019):
Working papers 20-1, 20-2, and 20-3
Application problems 20-1, 20-2, and 20-3
Reinforcement activity 3, part A
Accounting for Accruals, Deferrals, and Reversing Entries
Accounting for Accruals, Deferrals, and Reversing Entries
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
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.
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:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
M7.9-12.3
Content Objectives:
Content Objectives:
Accruals:
Must be Covered:
The learner will learn about and understand the following topics:
Collecting a Note Receivable with Accrued Interest
Reversing Entry for Accrued Interest Income
Reversing Entry for Accrued Interest Expense
Paying an Installment Note Payable with Accrued Interest
Can be Covered:
The learner will learn about and understand the following topics:
Analyzing Deferrals
Effect of Not Using Reversing Entries
Analyzing an Adjustment for Accrued Interest Expense
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M2.9-12.1
M3.9-12.3
M7.9-12.1
Content Objectives:
Content Objectives:
Deferrals:
Must be Covered:
The learner will learn about and understand the following topics:
Recording Revenue Received in Advance
Recording Adjusting Entry for Deferred Revenue Earned
Recording an Expense Paid in Advance
Recording Adjusting Entry for Deferred Expenses Incurred
Can be Covered:
The learner will learn about and understand the following topics:
Analyzing Deferrals
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
M7.9-12.3
Content Objectives:
Content Objectives:
Preparing Adjusting Entries:
Must be Covered:
The learner will learn about and understand the following topics:
Uncollectible Accounts Adjustment
Merchandise Inventory Adjustment
Supplies-Store Adjustment
Prepaid Insurance Adjustment
Calculating Federal Income Tax
Can be Covered:
The learner will learn about and understand the following topics:
End-Of-Fiscal-Period Work
Unadjusted Trial Balance
Adjusted Trial Balance
Standards:
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:
Suggested Activities, Materials, and Resources:
Accounting in the real world: Anytime Fitness
Century 21 Accounting - General Journal (Cengage, 2019):
Working papers 21-1 and 21-2
Application problems 21-1 and 21-2
End-of-Fiscal-Period Work for Corporation
End-of-Fiscal-Period Work for Corporation
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
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.
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:
Course/ Grade Competencies:
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
M7.9-12.3
M7.9-12.4
Content Objectives:
Content Objectives:
Preparing an Income Statement, Statement of Stockholders Equity, & Balance Sheet:
Must be Covered:
The learner will learn about and understand the following topics:
Income Statement
Statement of Stockholders’ Equity
Balance Sheet
Can be Covered:
The learner will learn about and understand the following topics:
Additional Items on an Income Statement
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M3.9-12.3
M5.9-12.2
M7.9-12.1
M7.9-12.3
M7.9-12.4
Content Objectives:
Content Objectives:
Preparing a Statement of Cash Flows:
Must be Covered:
The learner will learn about and understand the following topics:
Statement of Cash Flows
Cash Flows from Operating, Investing, and Financing Activities
Investing Activities Section of a Statement of Cash flows
Financing Activities Section of a Statement of Cash flows
Operating Activities Section of a Statement of Cash Flows
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.3.
A-CED.1, A-CED.4.
Mathematical Practices
All mathematical practices are present in each unit.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M7.9-12.1
Content Objectives:
Content Objectives:
Preparing Closing & Reversing Entries:
Must be Covered:
The learner will learn about and understand the following topics:
Closing Entry for Accounts with Credit Balance
Closing Entry for Accounts with Debit Balance
Closing Entry to Record Net income
Closing Entry for Dividends
Reversing Entries
Accounting Cycle for a Merchandising Business Organized as a Corporation
Standards:
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:
Suggested Activities, Materials, and Resources:
Accounting in the real world: JP Morgan Chase and Co.
Century 21 Accounting - General Journal (Cengage, 2019):
Working papers 22-1, 22-2, 22-3, and 22-4
Application problems 22-1, 22-2, 22-3, and 22-4
Reinforcement activity 3, part B
Forming a Partnership
Forming a Partnership
Graduate-Level Competency:
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.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M5.9-12.3
M7.9-12.1
M7.9-12.4
Content Objectives:
Content Objectives:
Must be Covered:
The learner will learn about and understand the following topics:
Initial investments by owners
Withdrawal of cash by partners
Withdrawal of supplies by partners
Can be Covered:
The learner will learn about and understand the following topics:
Partnership agreements
Standards:
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:
Suggested Activities, Materials, and Resources:
Accounting in the real world: Jimmy John’s
Century 21 Accounting - General Journal (Cengage, 2019):
Working paper 23-1
Application problem 23-1
Distribution of Net Income and Owner's Equity Statements
Distribution of Net Income and Owner's Equity Statements
Graduate-Level Competency:
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.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M5.9-12.3
M5.9-12.4
M7.9-12.1
M7.9-12.2
M7.9-12.3
M7.9-12.4
Content Objectives:
Content Objectives:
Must be Covered:
The learner will learn about and understand the following topics:
Distribution of Net Income Statement
Distribution of Net Income Statement with unequal distribution
Partner’s Capital and Drawing Accounts
Owners’ Equity Statement
Balance Sheet for a Partnership
Can be Covered:
The learner will learn about and understand the following topics:
Owner’s Equity Statement with an additional investment and a net loss.
Standards:
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:
Suggested Activities, Materials, and Resources:
Accounting in the real world: Jimmy John’s
Century 21 Accounting - General Journal (Cengage, 2019):
Working paper 23-2
Application problem 23-2
Dissolving a Partnership
Dissolving a Partnership
Graduate-Level Competency:
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.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M3.9-12.1
M3.9-12.3
M5.9-12.3
M5.9-12.4
M7.9-12.1
M7.9-12.2
M7.9-12.3
M7.9-12.4
Content Objectives:
Content Objectives:
Must be Covered:
The learner will learn about and understand the following topics:
Account Balances Before Realization
Calculating Gain on Realization
Recording a Gain on Realization
Calculating Loss on Realization
Recording a Loss on Realization
Liquidating Liabilities
Distributing Remaining Cash to Partners
Standards:
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:
Suggested Activities, Materials, and Resources:
Century 21 Accounting - General Journal (Cengage, 2019):
Working paper 23-3
Application problem 23-3
Recording International Sales
Recording International Sales
Graduate-Level Competency:
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.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M5.9-12.1
M5.9-12.2
M5.9-12.3
M5.9-12.4
M7.9-12.1
M7.9-12.2
M7.9-12.3
M7.9-12.4
Content Objectives:
Content Objectives:
Must be Covered:
The learner will learn about and understand the following topics:
International Sales
International Sales Compared with Domestic Sales
Processing an International Sale
Collecting Payment for an International Sale
Journalizing an International Sale
Journalizing Time Drafts
Journalizing Cash Receipts from Time Drafts
Trade Acceptances
Standards:
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:
Suggested Activities, Materials, and Resources:
Accounting in the real world: Lyft
Century 21 Accounting - General Journal (Cengage, 2019):
Working paper 24-1
Application problem 24-1
Recording Internet Sales
Recording Internet Sales
Graduate-Level Competency:
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.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M5.9-12.3
M5.9-12.4
M7.9-12.1
M7.9-12.2
M7.9-12.3
M7.9-12.4
Content Objectives:
Content Objectives:
Must be Covered:
The learner will learn about and understand the following topics:
Internet sales
Journalizing an internet sale
Standards:
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:
Suggested Activities, Materials, and Resources:
Century 21 Accounting - General Journal (Cengage, 2019):
Working paper 24-2
Application problem 24-2
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