Principles of Accounting provides students with an understanding of the critical accounting process and how it facilitates decision making by providing data and information to internal and external stakeholders. Students learn that accounting is an integral part of all business activities and that accounting plays an important role in the everyday accountability of a business as well as in high-stakes decision making and analysis. In addition, students learn how to apply technology to accounting by creating formulas and inputting data into spreadsheets.
Students apply the basic concepts of accounting to the culminating project, creating and running a real estate development business. Students play a modified version of the game Monopoly® over the duration of the course and record their evolving financial positions on various financial statements, analyze their data, and assess their company’s performance over time. They then prepare and give a presentation at an accounting fair for their peers, family, and members of the local business community.
Students also examine career opportunities and the professional certifications and designations earned by individuals in the accounting profession.
This course is expected to take a total of 75 50-minute class periods.
Course Scope & Sequence
The Scope & Sequence lists the learning objectives for each lesson, providing you with an overview of what your students will learn during the course. You can use these learning objectives as a guide to determine how the course enables your students to reach the requisite goals set for them.
The Lesson Descriptions document includes a brief overview of every lesson in the course. This is the narrative companion to the course Scope & Sequence document.
If you have questions about this course, need a hand with a particular lesson, or just have a great idea to share, please contact Kevin English directly at firstname.lastname@example.org. We are available to support you in teaching the course while also gathering feedback to improve the NAF curriculum.
Culminating Project Overview
In every NAF course, students complete a culminating project and present it in the final lesson. Download the Project Overview to learn the details about the culminating project for this course and to find out what advance preparation the project entails.
NAFTrack Certification Course Guide
NAFTrack Certification is a nationally recognized, standards-based set of tools developed by NAF to evaluate students’ readiness for college and career. By completing all NAFTrack Certification requirements, students demonstrate mastery of academic skills and career-related knowledge. The requirements are as follows: for each of four NAF courses, students complete all coursework, pass the end-of-course exam, and fulfill culminating project responsibilities, as evidenced by uploading key pieces of work.
Correlations to the Common Core State Standards
This document identifies which of the ELA and Math Common Core State Standards are met by each lesson in the course. You can use these correlations as an aid to preparing your students for college and careers.
We welcome questions and feedback about these course materials. For a prompt response, please email the NAF Instructional Managers directly at email@example.com.
The ZIP file below contains the current version of every file for this course. Be sure to download it before the start of each school year. If you just need a specific file or two, it's quicker to use the individual links listed on this page.All Course Files (ZIP file)
Course Planning Tools
Course Implementation Tools
Unit 1: Getting Started
Lesson 1: Course Introduction
This lesson uses a .mov file that must be unzipped and requires an up-to-date video player such as Windows Media Player or Apple's QuickTime Player to view. If you have difficulty playing this file, please consult the tech coordinator for your school.