Accounting


 * Teachers **** : ** Lori McKenney
 * Textbook: **Century 21, Accounting: Multi-column Journal 9E, South-Western, 2007

Century 21, Accounting: Multi-column Journal 9E Online Working Papers, South-Western, 2009

"The learner will . . ." || **Standard(s)** || **No. of Days** || **Vocabulary Terms** || **Resources** || **Student Learning Activities** || **Assessment** || NBEA 1.1 Define accounting and explain the purpose of the accounting system. NBEA 1.2 Define the concept of generally accecpted accounting principles and ascertain the source of these standards. NBEA 1.3 Demonstrate an understanding of the fundamental accounting equation. NBEA 1.4 Classify items as assets, liabilities, or owner's equity. NBEA 4.A.1 Explain the advantages and disadvantages of the three forms of business ownership--sole proprietorships, partnerships, and corporations. || 5 || pg 4 Accounting Accounting system Accounting records financial statements service business Proprietorship Asset Equities Liability Owner's equity Accounting equation Ethics Business ethics Transaction Account Account title Account balance Capital Revenue Sale on Account Expense Withdrawals || Textbook-**Chapter 1**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests || T account Debit Credit Normal balance Chart of accounts || Textbook-**Chapter 2**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests || NBEA 2.C.1 Explain the purpose of the capital and drawing accounts for a sole proprietorship and partnership. || 6 || pg 54 || Textbook-**Chapter 3**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests || NBEA 1.17 Evaluate the effect of adjusting entries on financial statements. || 8 || pg 150 || Textbook-**Chapter 6**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests || NBEA 2.A.2 Define cash; prepare bank reconciliations; establish, maintain, and reconcile petty cash and change accounts; identify cash control techniques; explain the benefits of electronic fund transfers, automated teller machine transactions, electronic data interchange, automated bill paying, and uses of a debit card. NBEA 2.B.2 Create and maintain the accounts payable subsidiary ledger. NBEA 4.A.1 Explain the advantages and disadvantages of the three forms of business ownership--sole proprietorships, partnerships, and corporations. || 10 || pg 232 || Textbook-**Chapter 9**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests || NBEA 1.6 Analyze business transactions using source documents and describe the effect on the accounting equation. NBEA 2.A.2 Define cash; prepare bank reconciliations; establish, maintain, and reconcile petty cash and change accounts; identify cash control techniques; explain the benefits of electronic fund transfers, automated teller machine transactions, electronic data interchange, automated bill paying,k and uses of a debit card. NBEA 2.A.3 Create and maintain the accounts receivable subsidiary ledger and as account for credit card sales. NBEA 2.A.5 Establish and maintain accounts for receivables and related interest. || 10 || pg 268 || Textbook-**Chapter 10**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests || NBEA 2.A.5 Establish and maintain accounts for receivables and related interest. || 11 || pg 296 || Textbook-**Chapter 11**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests || NBEA 4.B.4 Calculate employer's payroll taxes and employee benefits paid by the employer. NBEA 4.B.5 Prepare federal, state, and local payroll reports. || 10 || pg 366 || Textbook-**Chapter 13**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests NBEA 1.13 Analyze the trial balance to determine the necessary adjustments (accruals and deferrals) to prepare financial statements. NBEA 1.17 Evaluate the effect of adjusting entries on financial statements. NBEA 2.A.7 Explain the purpose of depreciation. NBEA 2.C.2 Explain the purpose of the capital stock and retained earnings accounts for a corporation. || 10 || pg 402 || Textbook-**Chapter 14**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Problems, Mastery Problems, Challenge Problems, & Tests || NBEA 2.C.1 Explain the purpose of the capital and drawing accounts for a sole proprietorship and partnership. 2.C.2 Explain the purpose of the capital stock and retained earnings accounts for a corporation. NBEA 3.A.2 Analyze the income statement and balance sheet of a business by comparing a vertical analysis with industry standards. NBEA 3.B.1 Apply revenue realization and matching principles int he preparation of an income statement or statement of operations for service and merchandising businesses. NBEA 3.B.2 Determine cost of goods sold and gross profit for a merchandising business. || 10 || pg 444 || Textbook-**Chapter 15**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Problems, Mastery Problems, Challenge Problems, & Tests || NBEA 1.15 Explain the purposes of the closing process and journalize and post closing entries. || 12 || pg 478 || Textbook-**Chapter 16**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests 2.C.2 Explain the purpose of the capital stock and retained earnings accounts for a corporation. || 10-12 || Review || **Simulation** Packet - Unique Global Imports, a merchandising business organized as a Corporation. || Recording transactions in special journals from source documents. Posting items to be posted individually to a general ledger and subsidiary ledgers. Recording a payroll in a payroll register. Updating the employee earnings records. Recording payroll journal entries. Posting column totoals to a general ledger. Preparing schedules of accounts receivable and accounts payable from subsidiary ledgers. Preparing a trial balance on a work sheet. Planning adjustments and completing a work sheet. Preparing financial statements. Journalizing and posting adjusting entries. Journalizing and posting closing entries. Preparing a post-closing trial balance. || Completing Think Like an Accountant Financial Analysis activity. || NBEA 1.17 Evaluate the effect of adjusting entries on financial statements. NBEA 2.A.4 Apply appropriate accounting techniques for uncollectible accounts. NBEA 2.A.5 Establish and maintain accounts for receivables and related interest. || 7 || pg 512 || Textbook-**Chapter 17**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Problems, Mastery Problems, Challenge Problems, & Tests || NBEA 2.A.4 Apply appropriate accounting techniques for uncollectible accounts. NBEA 2.A.5 Establish and maintain accounts for receivables and related interest. NBEA 2.B.1 Define and identify current and long-term liabilities and explain their impact on financial statements. || 10 || pg 586 || Textbook-**Chapter 20**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Problems, Mastery Problems, Challenge Problems, & Tests
 * ~ (1) ||~ (2) ||~ (3) ||~ (4) ||~ (5) ||~ (6) ||~ (7) ||~ (8) ||~ (9) ||
 * **Obj #** || **Unit** || **Objective:**
 * 1-4 || 1 || pg 4
 * 1) Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.
 * 2) Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.
 * 3) Classify accounts as assets, liabilities, or owner's equity and demonstrate their relationships in the accounting equation.
 * 4) Analyze how transactions affect accounts in an accounting equation. || LA 12.1.5.a Determine meaning of words through structural analysis, using knowledge of Greek, Latin, and Anglo-Saxon roots, prefixes, and suffixes to understand complex words, including words in science, mathematics, and social studies. LA 12.1.5.b Relate new grade level vocabulary to prior knowledge and use in new situations. LA 12.1.5.c Independently apply appropriate strategy to determine meaning of unknown words in text.
 * 1-5 || 1 || pg 26
 * 1) Define accounting terms related to analyzing transactions into debit and credit parts.
 * 2) Identify accounting practices related to analyzing transactions into debit and credit parts.
 * 3) Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction.
 * 4) Analyze how transactions to set up a business affect accounts.
 * 5) Analyze how transactions affect owner's equity accounts. || NBEA 1.4 Classify items as assets, liabilities, or owner's equity. NBEA 1.5 Describe the purposes of the revenue, expense, and drawing accounts and illustrate their effects on owner's equity. NBEA 1.7 Explain the double-entry system of accounting and apply debit and credit rules when analyzing business transactions. NBEA 2.C.1 Explain the purpose of the capital and drawing accounts for a sole proprietorship and partnership. || 5 || pg 26
 * 1-6 || 1 || pg 54 || NBEA 1.6 Analyze business transactions using source documents and describe the effect on the accounting equation. NBEA 1.7 Explain the double-entry system of accounting and apply debit and credit rules when analyzing business transactions.
 * 1-6 || 1 || pg 88 || NBEA 1.6 Analyze business transactions using source documents and describe the effect on the accounting equation. NBEA 1.9 Analyze the relationship of the journal to the ledger. NBEA 1.10 Explain the purpose of a ledger account and post information from the journal to the ledger. || 6 || pg 88 || Textbook-**Chapter 4**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests ||
 * 1-6 || 1 || pg 116 || NBEA 2.A.2 Define cash; prepare bank reconciliations; establish, maintain, and reconcile petty cash and change accounts; identify cash control techniques; explain the benefits of electronic fund transfers, automated teller machine transactions, electronic data interchange, automated bill paying, and uses of a debit card. || 10 || pg 116 || Textbook-**Chapter 5**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests
 * Reinforcement Activity 1 - Part A** ||
 * 1-6 || 1 || pg 150 || NBEA 1.11 Prepare a trial balance and explain its uses and limitations. NBEA 1.12 Explain the purpose of adjusting entries. NBEA 1.13 Analyze the trial balance to determine the necessary adjustments (accruals and deferrals) to prepare financial statements.
 * 1-4 || 1 || pg 178 || NBEA 1.14 Prepare and explain the purposes of each financial statement and describe the way they articulate with each other. NBEA 3.A.2 Analyze the income statement and balance sheet of a business by comparing a vertical analysis with industry standards. NBEA 3.B.1 Apply revenue realization and matching principles in the preparation of an income statement or statement of operations for service and merchandising businesses. || 5 || pg 178 || Textbook-**Chapter 7**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests ||
 * 1-5 || 1 || pg 200 || NBEA 1.15 Explain the purposes of the closing process and journalize and post closing entries. NBEA 2.C.1 Explain the purpose of the capital and drawing accounts for a sole proprietorship and partnership. || 10 || pg 200 || Textbook-**Chapter 8**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests
 * Reinforcement Activity 1 - Part B** ||
 * || 1 || pg 229 ||  || 6 || Review || **Simulation** Packet - Rico Sanchez, Disc Jockey, a service business organized as a proprietorship || Journalizing transactions in a 5-column journal. Preparing a bank statement reconciliation and recording a bank service charge. Proving Cash. Posting from a journal to a general ledger. Preparing a trial balance on a work sheet. Recording adjustments on a work sheet. Completing a work sheet. Preparing financial statements (income statement and balance sheet). Journalizing and posting adjusting entries. Preparing a post-closing trial balance. || Completing Think Like an Accountant Financial Analysis activity. ||
 * 1-7 || 2 || pg 232 || NBEA 1.6 Analyze business transactions using source documents and describe the effect on the accounting equation.
 * 1-5 || 2 || pg 268 || LA 12.1.5.a Determine meaning of words through structural analysis, using knowledge of Greek, Latin, and Anglo-Saxon roots, prefixes, and suffixes to understand complex words, including words in science, mathematics, and social studies. LA 12.1.5.b Relate new grade level vocabulary to prior knowledge and use in new situations. LA 12.1.5.c Independently apply appropriate strategy to determine meaning of unknown words in text.
 * 1-7 || 2 || pg 296 || NBEA 1.6 Analyze business transactions using source documents and describe the effect on the accounting equation.
 * 1-6 || 2 || pg 338 || NBEA 4.B.1 Prepare and maintain payroll records using manual and computerized systems. NBEA 4.B.2 Calculate earnings at an hourly and piece rate and on a salary, commission, and salary/commission basis. NBEA 4.B.3 Calculate deductions including federal income tax, Social Security tax, Medicare tax, state income tax, and other deductions to determine net pay. NBEA 4.B.4 Calculate employer's payroll taxes and employee benefits paid by the employer. || 10 || pg 338 || Textbook-**Chapter 12**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Application Problems, Mastery Problems, Challenge Problems, & Tests ||
 * 1-6 || 2 || pg 366 || NBEA 4.B.1 Prepare and maintain payroll records using manual and computerized systems.
 * Reinforcement Activity 2 - Part A** ||
 * 1-7 || 2 || pg 402 || NBEA 1.11 Prepare a trial balance and explain its uses and limitations. NBEA 1.12 Explain the purpose of adjusting entries.
 * 1-6 || 2 || pg 444 || NBEA 1.14 Prepare and explain the purposes of each financial statement and describe the way they articulate with each other.
 * 1-5 || 2 || pg 478 || LA 12.1.5.a Determine meaning of words through structural analysis, using knowledge of Greek, Latin, and Anglo-Saxon roots, prefixes, and suffixes to understand complex words, including words in science, mathematics, and social studies. LA 12.1.5.b Relate new grade level vocabulary to prior knowledge and use in new situations. LA 12.1.5.c Independently apply appropriate strategy to determine meaning of unknown words in text.
 * Reinforcement Activity 2 - Part B** ||
 * || 2 || pg 509 || NBEA 1.6 Analyze business transactions using source documents and describe the effect on the accounting equation.
 * 1-4 || 3 || pg 512 || LA 12.1.5.a Determine meaning of words through structural analysis, using knowledge of Greek, Latin, and Anglo-Saxon roots, prefixes, and suffixes to understand complex words, including words in science, mathematics, and social studies. LA 12.1.5.b Relate new grade level vocabulary to prior knowledge and use in new situations. LA 12.1.5.c Independently apply appropriate strategy to determine meaning of unknown words in text.
 * 1-7 || 3 || pg 532 || NBEA 1.17 Evaluate the effect of adjusting entries on financial statements. NBEA 2.A.1 Define and identify current and long-term assets and explain their impact on financial statements.NBEA 2.A.7 Explain the purpose of depreciation. NBEA 2.A.8 Apply appropriate accounting concepts and techniques for acquisition, depreciation, and disposal of property, plant, and equipment. NBEA 2.A.9 Use spreadsheet or accounting software to maintain accounting records for short-term and long-term assets. || 10 || pg 532 || Textbook-**Chapter 18**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Problems, Mastery Problems, Challenge Problems, & Tests ||
 * 1-5 || 3 || pg 562 || NBEA 1.17 Evaluate the effect of adjusting entries on financial statements. NBEA 2.A.6 Compare and evaluate inventory concepts and costing procedures and apply these concepts and procedures to merchandising and manufacturing businesses. || 6 || pg 562 || Textbook-**Chapter 19**, Workbook || Lecture, Work Together, On Your Own, and Application Problems || Problems, Mastery Problems, Challenge Problems, & Tests ||
 * 1-5 || 3 || Pg 586 || NBEA 1.17 Evaluate the effect of adjusting entries on financial statements.
 * Reinforcement Activity 3 - Part A** ||