Accounting

Integrated Accounting Social Networking and Community Building Assignment

Subject: Accounting

Grade level: 11th and 12th grade students

Tools: Facebook, Skype, Mixedink

StandardsStandardsThe Accounting Profession Achievement Standard: Understand the role that accountants play in business and

society. Achievement Standard: Describe career opportunities in the accounting profession. Achievement Standard: Demonstrate the skills and competencies required to be

successful in the accounting profession and/or in an accounting-related career.

Financial Reports Achievement Standard: Develop an understanding and working knowledge of an

annual report and financial statements.

Financial Analysis 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.

Interpretation and Use of Data 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.

From the National Standards for Business Education © 2007 by the National Business Education Association, 1914 Association Drive, Reston, VA 20191.

Lesson ProcedureLesson Procedure Divide students into groups of three. Based on typical

accounting enrollment numbers, I will probably have 15 groups of three.

Assign each group an “accounting mentor,” a Dodgeville

High School alumni currently working in an accounting-related field.

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.

Lesson ProcedureLesson Procedure Using Google Docs spreadsheet program:

One student is assigned the horizontal analysis of their corporation’s financial statements

One student is assigned the vertical analysis of their corporation’s financial statements

One student is assigned the calculation of their corporation’s financial ratios

Spreadsheets will be shared with accounting mentors for critiquing.

Using SkypeUsing Skype Students will video group conference call with their accounting

mentors. Students should conduct a career interview with their mentor. Name Where they work What their duties are Where they went to school, what they majored in Key piece of advice for students to succeed as an accounting major What they like best about their job, least Anything else of interest . . .

Students should incorporate Skype video and information from Skype video conference into iMovie to create 1-2 minute video on accounting career.

SkypeSkype

Sample Grading RubricSample Grading Rubric

MixedinkMixedink Create groups and projects for each corporation in Mixedink.

Send an invite to the group’s accounting mentor.

Students should compose an in-depth written review of their corporation with their mentor serving as editor. The written review should cover: History of Company Product line Major competitors Strengths Weaknesses Opportunities Threats Financial analysis Recommendations for future

Students should also create a Google Docs presentation that can be used during a verbal presentation to classmates.

MixedinkMixedink

MixedinkMixedink

FacebookFacebook Facebook will

serve as an additional communication tool for the group.

It will allow for easier student communica-tion than Skype.

FacebookFacebook

FacebookFacebook

Document production screen in Facebook

Financial Analysis Financial Analysis RubricRubric

The accounting mentors will conduct the evaluation of the final written document. As the classroom teacher, I will evaluate the classroom presentation.

Attached you will find numerous suggestions for evaluation rubrics. Advanced Financial Analysis Rubric Financial Management Project Analysis rubric Financial Statement Analysis Project Rubric Rubric for Case Analysis Report