SMITHFIELDHIGH SCHOOL

COMMON TASK TEMPLATE

COURSE:Accounting I / Financial Accounting

ON DEMAND COMMON TASK #3

Case Study #1 Using an Income Statement to Estimate Future Performance

CONTENT/ PERFORMANCE STANDARDS AND INDICATORS / GRADE SPAN EXPECTATIONS (AS APPLICABLE)
NBEA Standards:
ACC
  • (III) Prepare, interpret, and analyze financial statements using manual and computerized systems for service, merchandising, and manufacturing businesses
  • (V) Use planning and control principles to evaluate the performance of an organization and apply differential analysis and present-value concepts to makedecisions.
Applied Standards: PS, CT, C, RE / GSE’S:
Taught – R 10-8 OC 10-1.1 OC 10-1.2 W-10-1.2
M(N&O)–10–4
Assessed - W10–2,10-6
F &A 10-3, M(NO) 4
M DSP 10.1, 10.3
NETS 4C
NEASC 1.1
NEASC Expectations:
Communication
1.0 The SHS graduate will communicate effectively.
1.1 Read to comprehend, evaluate, and analyze.
1.2 Write effectively in a variety of genres and for a variety of purposes and audiences.
1.4 Listen actively and critically.
1.5 Design and create effective communication.
Critical Thinking/Problem Solving
2.0 The SHS graduate will be a critical thinker and problem solver.
2.1 Identify, describe, and apply appropriate problem-solving strategies.
2.2 Access, collect, interpret and present data.
2.3 Research, analyze, and evaluate information from a variety of sources.
2.4 Apply technology as a learning tool across all disciplines.
Achieve Proficiency
3.0 The SHS graduate will demonstrate the necessary proficiency in academic areas based on the 9-10 Grade Span Expectations in conjunction with Applied Learning Standards as set by the Rhode Island Board of Regents.
3.1 Acquire and apply knowledge and skills within and across the curriculum.
Personal Responsibility
4.0 The SHS graduate will take personal responsibility for his/her own growth.
4.1 Employ self-assessment strategies to improve academic success by revisiting,reflecting upon and revising work in each discipline.
4.2 Establish behaviors that lead to lifelong physical, social and emotional wellness.
4.3 Explore career pathways and set future academic goals.
Social Expectation
The SHS graduate is respectful, ethical, responsible, and courteous individual, who can work both independently and cooperatively by following the rules outlined in the student handbook.

TEACHER DIRECTIONS

The teacher will instruct the student to access the class web site at: Classes/Financial Accounting Class/index.htm
Teacher will instruct the studentsto select the link for Accounting Common Task 3 Template, download and read the task template and rubric. Teacher will then instruct students to open and read Case Study #1. Teacher will clearly state the objective of the case “to use financial information to estimate future revenue and expenses”. Instruct students to then select, download, and save the Common Task 3Worksheet as sjracctcomtask2to answer the questions electronically. The teacher will walk around and assist the students with any problems that may arise as they complete the task. Students will be allowed to download and print the materials if necessary to facilitate the completion of the task, but worksheet must be completed electronically.

STUDENT DIRECTIONS

After reading the Case Study #1, the students should be able to complete the worksheet by answering the questions in the Management Application below:
IMPORTANT - Answer all questions electronically using downloaded answer sheet as instructed above, then save again as: sjracctcomtask2. Do not handwrite answers.

PROMPT

Read Paragraph 1 above in Management Application

EVALUATION RUBRIC

See attached rubric on Page 4.
To meet the standard the student the student must attain a score of : 12 / 16
To exceed the standard the student must attain a score of : 16 / 16

Updated on 11/8/2018 SHS Accounting Common Task 3 Page 1 of 5

TEACHER SCORING SECTION - DO NOT MARK HERE!

COMMON TASK 3 RUBRIC
Accounting I / Financial Accounting : Case Study 1
School Name: SmithfieldHigh School Teacher Name: Mr. Stephen Rocco
STUDENT NAME: / DATE:
CATEGORY / 4 / 3 / 2 / 1
Neatness and Organization
W10-6.4 / The work is presented in a neat, clear, organized fashion that is easy to read. / The work is presented in a neat and organized fashion that is usually easy to read. / The work is presented in an organized fashion but may be hard to read at times. / The work appears sloppy and unorganized. It is hard to know what information goes together.
Accounting Concepts
W 10-3.4
DSP 10-3
NBEA ACC III, V / Explanation shows complete understanding of the income statement to solve the problem(s).
(No errors) / Explanation shows substantial understanding of
the income statement to solve the problem(s).
1 Error / Explanation shows some understanding of
the income statement to solve the problem(s).
3 Errors / Explanation shows very limited understanding of the underlying concepts needed to solve the problem(s) OR is left blank.
3 Errors
Strategy/Procedure
N&O 10.4, 10.7
F&A 10.3, DSP 10-1
NETS 4C
ET2.2-2A / Typically, uses an efficient and effective strategy to solve the problem(s). / Typically, uses an effective strategy to solve the problem(s). / Sometimes uses an effective strategy to solve problems, but does not do it consistently. / Rarely uses an effective strategy to solve problems.
Accounting Terminology and Notation
W10-7.5 / Correct terminology and notation are always used, making it easy to understand what was done. / Correct terminology and notation are usually used, making it fairly easy to understand what was done. / Correct terminology and notation are used, but it is sometimes not easy to understand what was done. / There is little use, or a lot of inappropriate use, of terminology and notation.
TOTAL SCORE

SHS Accounting Common Task 3 Page 1 of 5

ELA GSE’s

W–10–3.4 Organizing ideas, using transitional words/phrases and drawing a conclusion bysynthesizing information (e.g., demonstrate a connection to the broader world of ideas) (State)

W–10–6.4a Drawing a conclusion by synthesizing information (State)

EXAMPLES: in reports and persuasive – something discovered/new insights or stating the significance; in procedures – conclusion advances readers’ knowledge

W-10-7.5 Using precise and descriptive language that clarifies and supports intent (State)

MATH GSE’s

M(N&O)–10–4 Accurately solves problems that involve but are not limited to proportional relationships, percents, ratios, and rates. (The problems might be drawn from contexts outside of and within mathematics including those that cut across content strands or disciplines.) (State)

M(N&O)–10–7 Makes appropriate estimates in a given situationbydetermining the level of accuracy needed and analyzing the accuracy of results. Estimates tips, discounts, and tax and estimates the value of a non-perfect square root or cube root. (Local)

M(DSP)–10–1Interprets a given representation(e.g., box-and-whisker plots, scatter plots, bar graphs, line graphs, circle graphs, histograms, frequency charts) to make observations, to answer questions, to analyze the data to formulate or justify conclusions,critique conclusions, make predictions, or to solve problems within mathematics or across disciplines or contexts (e.g. media, workplace, social and environmental situations). (State)

M(DSP)–10–3Identifies or describes representations or elements of representations that best display a given set of data or situation, consistent with the representations required in M(DSP)–10–1. (State)

NETS

4C collect and analyze data to identify solutions and/or make informed decisions.

NBEA

ACC III Financial Statements
Achievement Standard: Prepare, interpret, and analyze financial statements using manual and computerized systems for service, merchandising, and manufacturing businesses.

ACC 5 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 decisions.

ET2.2

2a. selecting independently the proper tools or information resources used in completing a task.

SHS Accounting Common Task 3 Page 1 of 5