Accounting II
Course Description:
Students will understand and demonstrate their understanding of the working papers and concepts of a corporation. They will use this knowledge for either post-secondary education or personal success in the workplace. They will work with Special Journals when completing the transactions. Working papers will be handed in at the completion of the full chapter. They will be graded as one assignment.
Topics Covered: Accounting Papers related to Corporations, Automated Accounting
Prerequisites: Accounting I
Length: Year Course - 57-minute period
Grade Level: 11th & 12th GradeInstructional Philosophy:
Students will be expected to complete all working papers with high quality effort. Discussion of all material will be completed before assignments are given. Some classroom problems will be completed together, with the majority of work completed on their own. Timelines will be given on when work is to be completed. Assessment will be working papers, quizzes, and tests over every chapter with a semester test at the end of each semester. This is a year class.
Course Standards:
| Indicator #1: Demonstrate advanced principles and procedures of the accounting cycle. | |
| Bloom’s Taxonomy Level | Standard and Examples |
| Analyzing | A2.1.1
Categorize financial transactions for a departmentalized accounting
system.
Examples: • Journalize and post purchases and sales returns and allowances • Calculate payroll records • Calculate interim statement of gross profit • Prepare departmental financial statements |
| Applying | A2.1.2 Apply
accounting control system procedures to maintain accurate records.
Examples: • Prepare and maintain vouchers and transactions in a voucher system • Compare and contrast periodic and perpetual inventory methods • Determine the cost of inventory and apply appropriate valuation methods |
| Indicator #2: Demonstrate advanced accounting adjustments. | |
| Bloom’s Taxonomy Level | Standard and Examples |
| Applying | A2.2.1
Demonstrate the ability to handle uncollectible accounts/bad debts.
Examples: • Justify the need for writing off uncollectible accounts/bad debts • Explain the differences between the direct write-off and allowance methods • Journalize and post the adjusting entries for collecting a previously written-off account |
| Applying | A2.2.2
Demonstrate the principles for plant assets and depreciation of assets.
Examples: • Prepare and maintain plant asset records • Calculate and record depreciation using multiple accepted methods |
| Analyzing | A2.2.3
Analyze the principles for notes payable and notes receivable.
Examples: • Analyze and record transactions for notes payable • Analyze and record transactions for notes receivable |
| Analyzing | A2.2.4
Analyze the principles for adjustments for accruals.
Examples: • Explain the difference between prepaid and accrued expenses • Explain the difference between unearned and accrued revenue • Journalize and post adjusting entries |
| Indicator #3: Perform accounting functions specific to a corporation. | |
| Bloom’s Taxonomy Level | Standard and Examples |
| Evaluating | A2.3.1
Examine the process of organizing, paying dividends and acquiring
additional capital for a corporation.
Examples: • Explain methods to account for the issuance of stock • Compute dividends payable on stocks |
| • Explain the reason for acquiring treasury stock | |
| Analyzing |
A2.3.2 Analyze
financial statements for a corporation.
Examples: • Analyze a balance sheet for a corporation • Complete a worksheet for a corporation • Analyze an income statement for a corporation • Analyze a statement of equity and retained earnings for a corporation |
Major Assignments:
1. Chapter 18-26 Working Papers
2. Business Simulation-Blue Skies Outfitters
3. Reinforcement Activities (End of chapters 19 and 26)
4. Automated Accounting 7.0-Chapters 1-13
Instructional Delivery Plan:
Delivery Method: Instruction will consist of lecture, discussion, reading, problem solving, and writing, Examples done together in class.
Student Work: Students will work independently on tests, quizzes, and performance task. Student can work independently or in teams on working papers, business simulations, or automated accounting.
Community Involvement: Guest speakers from accounting firms and the community, if available, will be brought in throughout the course. Trips to career fairs may be done during the year with me and/or the counselor.
Grading Scale:
| A | 100-94 | Excellent Work, all assignments completed and shows understanding of work |
| B | 93-86 | Good Work, all assignments completed and shows understanding of work |
| C | 85-78 | Decent work, missing a few assignments and shows understanding of most work, missing effort |
| D | 77-70 | Borderline Work, missing assignments and late assignments, basic understanding of most work, lack of effort |
| F | 69 and below | Minimal Effort, many missing assignments, understanding is below basic, does not meet expectations. |
Grading Distribution:
Students will be graded based on total points. Distribution will be as followed (approximate):
| 45% | Chapters 18-26 Working Papers |
| 40% | Automated Accounting 7.0 |
| 10% | Business Simulation |
| 5% | Reinforcement Activity |
Chapter Descriptions:
Book-Century 21 Accounting
Chapter 18- Recording Purchases and Cash Payments Using Special Journals
Chapter 19- Recording Sales and Cash Receipts Using Special Journals
Reinforcement Activity-Part A
Chapter 20- Accounting For Uncollectible Accounts Receivable
Chapter 21- Accounting For Plant Assets and Depreciation
Chapter 22- Accounting For Inventory
Chapter 23- Accounting For Notes and Interest
Chapter 24- Accounting For Accrued Revenue and Expenses
Chapter 25- Distributing Dividends and Preparing A Work Sheet
Chapter 26- Financial Statements and End-Of-The-Fiscal-Period Entries For A Corporation
Reinforcement Activity-Part B
Business Simulation
Automated Accounting 7.0-Southwestern
In these 6 weeks the students will be working with different automated techniques. There are 3 assignments per chapter covering the chapter description. All assignments will be auto graded at 100 points per assignment.
Chapter 1-13
Chapter 1 - Introduction
Chapter 2 - General Ledger-Service Business
Chapter 3 - General Ledger-End-of-the-Fiscal Period for a service business and bank reconciliation
Chapter 4 - Purchases and Cash Payments
Chapter 5 - Sales and Cash Receipts
Chapter 6 - End of Fiscal Period for a partnership
Chapter 7 - Discounts, Debit Memorandums, and credit memorandums
Chapter 8 - Plant Assets
Chapter 9 - Corporations
Chapter 10 - Payroll
Chapter 11 - Inventory
Chapter 12 - Sales Order Processing
Chapter 13 - Accounting System Setup
Extra Help:
Students are required by policy to come in at 7:45 for extra help in a subject. There are also days available after school for a student to come in for extra help. Contact me and I'll work something out to find a time that works to help the student.