ACCOUNTING BUSINESS EDUCATION DEPARTMENT TITUSVILLE HIGH SCHOOL (1 Year 1 Credit) MONTH PA STANDARDS CONTENT SKILLS ASSESSMENT

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1 September ACCOUNTING BUSINESS EDUCATION DEPARTMENT TITUSVILLE HIGH SCHOOL (1 Year 1 Credit) Texts: Southwestern-Cengage Learning Century 21 Accounting, Multicolumn Journal, copyright Cengage Learning Aplia online student workbook and resources Aplia online course management MONTH PA STANDARDS CONTENT SKILLS ASSESSMENT A B C Starting a Proprietorship: Changes that affect the accounting equation Analyzing transactions into debit and credit parts using T Accounts Identify related concepts Classify accounts Analyze transactions Analyze changes that affect owner s equity Use T accounts to analyze transactions Verify equality of debits and credits

2 October E F Journalizing transactions Posting to a general ledger Identify related practices Verify equality of debits and credits Record transactions in five-column journal Prove and rule journal Prepare chart of accounts Post to general ledger Make correcting entries.

3 December November Identify related concepts and practices Checking accounts Reconcile bank statement Establish and replenish a petty cash fund Record related transactions Cash control systems REINFORCEMENT ACTIVITY 1 PART A Worksheet for a service business Identify related concepts Plan adjusting entries Complete worksheet Identify procedures to find and correct errors

4 February January Financial statements for a proprietorship Recording adjusting and closing entries for a service business Identify related concepts Prepare income statement Prepare balance sheet Record adjusting entries Record closing entries Prepare post-closing trial balance REINFORCEMENT ACTIVITY 1 PART B MID-TERM EXAM Journalizing purchases and cash payments for a merchandising business Journalizing sales and cash receipts for a merchandising business. Journalize transactions using the purchases journal Journalize transactions using cash payments journal Journalize special transactions using the general journal Journalize transactions using the sales journal Journalize transactions using the cash receipts journal Journalize special transactions using the general journal

5 April March M Posting to general and subsidiary ledgers Preparing payroll records Post to an accounts payable ledger Post to an accounts receivable ledger Post to a general ledger Correct errors in ledger accounts Prepare payroll time cards Determine federal income tax, Social Security tax, Medicare tax, and other payroll withholdings Prepare payroll records Prepare payroll checks M Payroll accounting, taxes, and reports Distributing dividends and preparing a work sheet for a merchandising business Record a payroll Record employer payroll taxes Report withholding and payroll taxes Pay withholding and payroll taxes Distribute corporate earnings to stockholders Prepare work sheet for merchandising business Plan and record merchandise inventory adjustment Plan and record an allowance for uncollectible accounts adjustment Plan and record depreciation adjustment Calculate federal income tax

6 June May Common Core Standards 1.2:R11.B-V.4.1.1, 1.2:R11.B-V Mathematics 2.1.HS.F Q P Financial statements for a corporation Record adjusting and closing entries for a corporation prepare and analyze an income statement prepare a statement of stockholders equity prepare a balance sheet record adjusting entries record closing entries prepare a post-closing trial balance Common Core Standards 1.2:R11.B-V.4.1.1, 1.2:R11.B-V Mathematics 2.1.HS.F.2 Prepare for Final Exam Review for final examination Final Exam