Advanced Accounting centers on a more in depth look at financial statements and cash flows of businesses. It shows the ways paperwork and forms are used to buy and sell items to keep track of cash flow and inventories. It also takes a more in depth look at merchandising and inventory costs for businesses.

The students will also complete business simulations on the computer, get an introduction to Quick Books, and make visits to local Accounting firms.

Schedule for the upcoming two weeks:

  • Ch. 14 Budgetary Planning and Control 
  • Working on budgets with percentages
  • Ch. 15 Cash-Volume-Profit Analysis 
  • Profit Margins and Breakeven Points


From now until the end of the trimester, students will be working on group basis.  They are moving at their own pace and must have through Ch. 10 completed at the end of the trimester.

The layout looks like this:

Workbook -  They complete assignments in the workbook that helps them understand problems that will be covered by the quiz.  They must complete this and have it checked before they move on to the quiz. Mr. Smith must be sure they are ready for the quiz by questioning to make sure they are ready. 

Quiz - The quizzes are taken with two or three chapters together and students must achieve an 80% or above to move on to the next chapter(s).  In the event of less than 80% on a quiz, the student must complete more workbook problems and prove again why they are capable of passing the quiz.


First Trimester Discussion Topics: Second Trimester Discussion Topics:
Review Accounting Equations and Chart of Accounts Simulation (Blue Skies)
Payroll Taxes Dividends
Financial Statements and Reporting Reporting Captial
Simulation (Southgate Hardware) Financial Statement Analysis


Cash Flows
Inventories QuickBooks

Uncollectible Accounts

Cost Accounting for Merchandising Business
Plant Assets Cost Accounting for Manufacturing Business


Accrued Revenues and Expenses