SIR FURQAN UL HAQUE

THE CITY SCHOOL

GUSHAN BOYS CAMPUS

SENIOR SECTION

PRINCIPLES OF ACCOUNTS 7110

S i n c e 1 9 7 8

Long Term Goal Short-Term Goals Bloom’s Taxonomy And 21st Century Approaches

Instructional approachesSolution and anticipated challenges

Time-line Resources Conclusion

CONTENTS

Adopt 21st Century teaching approaches to enhance the Students’ ability and skills to understand accounting basics concepts and the application of accounts in their practical life.

LONG TERM GOALS

Encourage collaboration among students. Help students understand that they

can use each other as resource. To use latest productivity tools for

presentations, submitting subject specific assignments.

Continuing to network ,Collaboration and communicate with colleagues from various disciplines in order to learn from each others' best practices;

Continuing to do research and readings on teaching practices that I can learn from.

SHORT TERM GOALS

SHORT TERM GOALS

BLOOM’S TAXONOMY AND 21st CENTURY APPROACHES

Ratio Analysis

What Does Ratio Analysis Mean?

A tool used by individuals to conduct a quantitative analysis of information in a company's financial statements. Ratios are calculated from current year numbers and are then compared to previous years, other companies, the industry, or even the economy to judge the performance of the company. Ratio analysis is predominately used by proponents of fundamental analysis.

KNOWLEDGE

Asset Turnover

What Does Asset Turnover Mean?

The amount of sales generated for every dollar's worth of assets. It is calculated by dividing sales in dollars by assets in dollars.

Formula:  Revenue/Assets

Also known as the Asset Turnover Ratio.

COMPREHENSION

Asset turnover measures a firm's efficiency at using

its assets in generating sales or revenue - the higher the number the better. It also indicates pricing strategy: companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover.

APPLICATIONS

A process used to evaluate the value of a company

using the metrics of other businesses of similar size in the same industry. Comparable company analysis (CCA) operates under the assumption that similar companies will have similar valuations multiples, such as Revenues/Assets. Analysts will compile a list of available statistics for the companies being reviewed, and will calculate the valuation multiples in order to compare them. Comparisons often involve creating benchmarks.

ANALYSIS

A business or financial analysis technique that seeks

to understand behavior by using complex mathematical and statistical modeling, measurement and research. By assigning a numerical value to variables, quantitative analysts try to replicate reality mathematically.

Quantitative analysis can be done for a number of reasons such as measurement, performance evaluation or valuation of a financial instrument. It can also be used to predict real world events such as changes in a ASSETS TURNOVER. 

SYNTHESIS AND EVALUATION

BASIC ACCOUNTS DEPRECIATION FINAL ACCOUNTS WITH ADJUSTMENTS CONTROL ACCOUNTS ERROR NOT EFFECTING TRIAL BALANCE SUSPENSE ACCOUNTS INCOMPLETE RECORDS NON PROFIT ORGANIZATIONS

SYLLABUS CONTENTS

SYLLABUS FROM AUG TO DEC

INSTRUCTIONAL APPROPACHES

SUB-TOPICS APPROACH MODES

DepreciationBasics of accounts

Control accountsIncomplete recordsNon profit organizationsFinal accounts

•Observing and Monitoring skills•Encouraging skills

• Directional skills• Communications skills• Observing skills

•Presentation • Quizzes• Competitions

• Ask questions•I will provide more opportunities for students to answer questions• Presentations• Work sheet

•Topic related activities.

•Directional skills•Observing or monitoring skills•Intervening skills

•Pair and share (group discussion) strategy•Team work

I will help students to brainstorm for the enhancement of their analytical skills related to topics

•Intervening skills•Encouraging skills• Communications skills

• Activities of discussion based• Multimedia presentations

Differentiate between factual information and evaluation of the provided information in final accounts

•Intervening skills•Encouraging skills•Analytical skills

I will ask the students to give presentations following the iterative cycle; plan, do, review & share; to acquire the correct strategy

CHALLENGES SOLUTIONS

Permission from principal & admin.

Prior arrangements and Planning.

Parents disagreement. Taking parents in confidence.

Time is not appropriate due to the multiple tasks given at times.

Well organized Multimedia availability.

SOLUTIONS TO ANTICIPATED CHALLENGES

• Basic concepts• Depreciation• Final accounts

• Final accounts• Control accounts• Suspense

accounts

• Revisions• Tests• Past papers

practice

• Incomplete accounts

• Non profit organizations

AUGUSTSEPTEMBE

R

NOVEMBER

OCTOBER

TIME LINE

INTEL TEACHING PROGRAMINTERNETREFERENCE BOOKS LIKE FRANK WOODPAST PAPERSPERSONAL WORK SHEETMULTIMEDIASUPPORT FROM OTHER COLLEAGUES

RESOURCES

CONCLUSION

After the implementation of my newly acquired 21st

century skills and approaches, the students will be

empowered with new set of skills related to Accounts and this will enable them to gain

better knowledge of the subjects