USD 263-MULVANE SCHOOL DISTRICT

CURRICULUM MAP

TECHNOLOGY-Accounting II

Course Description
This course is designed to teach students a complete accounting cycle for proprietorships and partnerships.  The cycles will include analyzing transactions, journalizing, posting, petty cash, financial statements, and adjusting and closing entries.  Each lesson ends with immediate reinforcement of the lesson material with hands-on and computerized work.

Enrollment for this course is open to juniors and seniors and is a pre-requisite for Computer Accounting II.  Sophomores may take the course with teacher approval.

  Course Length
190 hours (one 51 minute class per day for 36 weeks)

Course Outcomes

  1. The student will learn how to start a proprietorship.
  2. The student will learn changes in owner’s equity.
  3. The student will learn analyzing transactions into debit and credit parts.
  4. The student will learn journalizing transactions.
  5. The student will learn posting to a general ledger.
  6. The student will learn cash control systems.
  7. The student will create a worksheet for a service business.
  8. The student will create financial statements for a proprietorship.
  9. The student will learn to record adjusting and closing entries for a service business.
  10. The student will learn to journalize purchases and cash payments.
  11. The student will learn to journalize sales and cash receipts.
  12. The student will learn posting to general and subsidiary ledgers.
  13. The student will learn preparing payroll records.
  14. The student will learn payroll accounting, taxes, and reports.
  15. The student will create a worksheet for a merchandising business.
  16. The student will create financial statements for a partnership.
  17. The student will learn to record adjusting and closing entries for a partnership.

Course Content

I.             STARTING A PROPRIETORSHIP

A.     The accounting equation

B.     How business activities change the accounting equation

C.     Reporting financial information of a balance sheet

D.     Reinforce with hands-on and automated problems

II.          STARTING A PROPRIETORSHIP, CHANGES THAT AFFECT OWNER’S EQUITY

A.     How transactions change owner’s equity in an accounting equation

B.     Reporting a changed accounting equation on a balance sheet

C.     Reinforce with hands-on and automated problems

III.           ANALYZING TRANSACTIONS INTO DEBIT AND CREDIT PARTS

A.     Using T accounts

B.     Analyzing how transactions affect accounts

C.     Analyzing how transactions affect owner’s equity accounts

D.     Reinforce with hands-on and automated problems

IV.          JOURNALIZING TRANSACTIONS

A.     Journals, source documents, and recording entries in a journal

B.     Journalizing buying insurance, buying on account, and paying on account

C.     Journalizing transactions that affect owner’s equity and receiving cash on account

D.     Proving and ruling a journal

E.      Reinforce with hands-on and automated problems

V.          POSTING TO A GENERAL LEDGER

A.     Preparing a chart of accounts

B.     Posting separate amounts from a journal to a general ledger

C.     Completed accounting forms and making correcting entries

D.     Reinforce with hands-on and automated problems

VI.         CASH CONTROL SYSTEMS

A.     Checking accounts

B.     Bank reconciliation

C.     Dishonored checks and electronic banking

D.     Petty cash

E.      Reinforce with hands-on and automated problems

VII.        WORKSHEET FOR A SERVICE BUSINESS

A.     Creating a worksheet

B.     Planning adjusting entries on a worksheet

C.     Extending financial statement information on a worksheet

D.     Finding and correcting errors on the worksheet

E.      Reinforce with hands-on and automated problems

VIII.      FINANCIAL STATEMENTS FOR A PROPRIETORSHIP

A.     Preparing an income statement

B.     Balance sheet information on a worksheet

C.     Reinforce with hands-on and automated problems

IX.         RECORDING ADJUSTING AND CLOSING ENTRIES FOR A SERVICE BUSINESS

A.     Recording adjusting entries

B.     Recording closing entries

C.     Preparing a post-closing trial balance

D.     Reinforce with hands-on and automated problems

X.          JOURNALIZING PURCHASES AND CASH PAYMENTS

              A.  Journalizing purchases of merchandise for cash

              B.   Journalizing purchases of merchandise on account and buying supplies

              C.  Journalizing cash payments and other transactions

              D.  Reinforce with hands-on and automated problems

XI.         JOURNALIZING SALES AND CASH RECEIPTS

              A.  Journalizing sales and cash receipts from sales

              B.   Proving and ruling an expanded journal

              C.  Reinforce with hands-on and automated problems

XII.        POSTING TO GENERAL AND SUBSIDIARY LEDGERS

              A.  Posting to a general ledger

              B.   Posting to an accounts payable ledger

              C.  Posting to an accounts receivable ledger

              D.  Accuracy of accounting records

              E.   Reinforce with hands-on and automated problems

XIII.      PREPARING PAYROLL RECORDS

              A.  Preparing payroll time cards

              B.   Determining payroll tax withholding

              C.  Preparing payroll records

              D.  Preparing payroll checks

              E.   Reinforce with hands-on and automated problems

XIV.      PAYROLL ACCOUNTING, TAXES, AND REPORTS

              A.  Recording a payroll

              B.   Recording employer payroll taxes

              C.  Reporting withholding and payroll taxes

              D.  Paying withholding and payroll taxes

              E.   Reinforce with hands-on and automated problems

XV.       WORKSHEET FOR A MERCHANDISING BUSINESS

              A.  Beginning an 8-column worksheet for a merchandising business

              B.   Analyzing and recording worksheet adjustments

              C.  Completing a worksheet

              D.  Reinforce with hands-on and automated problems

XVI.      FINANCIAL STATEMENTS FOR A PARTNERSHIP

              A.  Income statement

              B.   Component percentages

              C.  Distribution of net income and owners’ equity statements

              D.  Balance sheet

              E.   Reinforce with hands-on and automated problems

XVII.     RECORDING ADJUSTING AND CLOSING ENTRIES FOR A PARTNERSHIP

              A.  Recording adjusting entries

              B.   Recording closing entries for income statement accounts

              C.  Recording additional closing entries

              D.  Preparing a post-closing trial balance

              E.   Reinforce with hands-on and automated problems

Equipment
Textbooks and Materials – Century 21 Accounting – Multicolumn Journal, South-Western Educational Publishing Company, Anniversary Edition, 2003.  Century 21 Accounting – Multicolumn Journal Working Papers, South-Western Educational Publishing Company, Anniversary Edition, 2003.

  Software – Automated Accounting, South-Western Educational Publishing Company, Anniversary Edition, 2003.