Accounting

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Accounting

  1. 1. Integrated Accounting Social Networking and Community Building Assignment
  2. 2. <ul><li>Subject: Accounting </li></ul><ul><li>Grade level: 11 th and 12 th grade students </li></ul><ul><li>Tools: Facebook, Skype, Mixedink </li></ul>
  3. 3. Standards <ul><li>The Accounting Profession </li></ul><ul><li>Achievement Standard: Understand the role that accountants play in business and society. </li></ul><ul><li>Achievement Standard: Describe career opportunities in the accounting profession. </li></ul><ul><li>Achievement Standard: Demonstrate the skills and competencies required to be successful in the accounting profession and/or in an accounting-related career. </li></ul><ul><li>Financial Reports </li></ul><ul><li>Achievement Standard: Develop an understanding and working knowledge of an annual report and financial statements. </li></ul><ul><li>Financial Analysis </li></ul><ul><li>Achievement Standard: Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions. </li></ul><ul><li>Interpretation and Use of Data </li></ul><ul><li>Achievement Standard: Use planning and control principles to evaluate the performance of an organization and apply differential analysis and present-value concepts to make decision. </li></ul><ul><li>From the National Standards for Business Education © 2007 by the National Business Education Association, 1914 Association Drive, Reston, VA 20191. </li></ul><ul><li>
 </li></ul>
  4. 4. Lesson Procedure <ul><li>Divide students into groups of three. Based on typical accounting enrollment numbers, I will probably have 15 groups of three. </li></ul><ul><li>Assign each group an “accounting mentor,” a Dodgeville High School alumni currently working in an accounting-related field. </li></ul><ul><li>Assign each group the financial analysis of a corporation traded on the New York Stock Exchange. Occasionally I will look up the list of the WORST performing corporations and have the students analyze those companies. </li></ul>
  5. 5. Lesson Procedure <ul><ul><li>Using Google Docs spreadsheet program: </li></ul></ul><ul><ul><ul><li>One student is assigned the horizontal analysis of their corporation’s financial statements </li></ul></ul></ul><ul><ul><ul><li>One student is assigned the vertical analysis of their corporation’s financial statements </li></ul></ul></ul><ul><ul><ul><li>One student is assigned the calculation of their corporation’s financial ratios </li></ul></ul></ul><ul><ul><li>Spreadsheets will be shared with accounting mentors for critiquing. </li></ul></ul>
  6. 6. Using Skype <ul><li>Students will video group conference call with their accounting mentors. Students should conduct a career interview with their mentor. </li></ul><ul><ul><li>Name </li></ul></ul><ul><ul><li>Where they work </li></ul></ul><ul><ul><li>What their duties are </li></ul></ul><ul><ul><li>Where they went to school, what they majored in </li></ul></ul><ul><ul><li>Key piece of advice for students to succeed as an accounting major </li></ul></ul><ul><ul><li>What they like best about their job, least </li></ul></ul><ul><ul><li>Anything else of interest . . . </li></ul></ul><ul><li>Students should incorporate Skype video and information from Skype video conference into iMovie to create 1-2 minute video on accounting career. </li></ul>
  7. 7. Skype
  8. 8. Sample Grading Rubric
  9. 9. Mixedink <ul><li>Create groups and projects for each corporation in Mixedink. </li></ul><ul><li>Send an invite to the group’s accounting mentor. </li></ul><ul><li>Students should compose an in-depth written review of their corporation with their mentor serving as editor. The written review should cover: </li></ul><ul><ul><li>History of Company </li></ul></ul><ul><ul><li>Product line </li></ul></ul><ul><ul><li>Major competitors </li></ul></ul><ul><ul><li>Strengths </li></ul></ul><ul><ul><li>Weaknesses </li></ul></ul><ul><ul><li>Opportunities </li></ul></ul><ul><ul><li>Threats </li></ul></ul><ul><ul><li>Financial analysis </li></ul></ul><ul><ul><li>Recommendations for future </li></ul></ul><ul><li>Students should also create a Google Docs presentation that can be used during a verbal presentation to classmates. </li></ul>
  10. 10. Mixedink
  11. 11. Mixedink
  12. 12. Facebook <ul><li>Facebook will serve as an additional communication tool for the group. </li></ul><ul><li>It will allow for easier student communica-tion than Skype. </li></ul>
  13. 13. Facebook
  14. 14. Facebook Document production screen in Facebook
  15. 15. Financial Analysis Rubric <ul><li>The accounting mentors will conduct the evaluation of the final written document. As the classroom teacher, I will evaluate the classroom presentation. </li></ul><ul><li>Attached you will find numerous suggestions for evaluation rubrics. </li></ul><ul><ul><li>Advanced Financial Analysis Rubric </li></ul></ul><ul><ul><li>Financial Management Project Analysis rubric </li></ul></ul><ul><ul><li>Financial Statement Analysis Project Rubric </li></ul></ul><ul><ul><li>Rubric for Case Analysis Report </li></ul></ul>

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