Acco Sample. May 2011

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1 Acco ounting (2010) Sample work program May 2011

2 Accounting (2010) Sample work program Reproduced with the permission of Mt St Michael s College. May 2011 A work program is the school s plan of how the course will be delivered and assessed, based on the school s interpretation of the syllabus. The school s work program must meet syllabus requirements, and indicate that there will be sufficient scope and depth of student learning to reflect the general objectives and meet the exit criteria and standards. This sample demonstrates one approach to developing a composite work program. It should be used as a guide only to help teachers plan and develop school work programs. 2 Accounting (2010) Sample work program

3 Course organisation: Composite class YEAR A cohort Year YEAR B cohort Year Sem Topic Time (hours) 1 CS1 Core Studies 1 (R&C) 30 ES4 Accounting for Inventories (R&C) 10 ES2 Accounting for Cash (R&C) CS2 Core Studies 2 (R&D) 30 ES8 Accrual Accounting (R&D) 10 ES6 Internal Controls (R&C) 15 YEAR B cohort Year ES9 Analysis of Financial Reports (R&D) CS4 Budgeting (R&D) Spreadsheeting ES5 Accounting for Non-current Assets (R&C) Spreadsheeting 4 ES10 Managerial Decision Making (R&D) CS3 Integrated Accounting Package (R&C) ES1 School-developed Investigation (Payroll) (R&C) Notes: The topics are as given for Accounting Syllabus The program may run either as a composite program or as a stand-alone. It will begin with Program A in Year A Sem1/11 Year B Sem2/11 Sem3/12 Sem1/11 Year A Sem4/12 Sem2/11 Sem3/12 Sem1/11 Year B Sem4/12 Sem2/11 Sem3/12 Sem1/11 Sem4/12 Sem2/11 Sem3/12 Sem4/12 And so on 55 Sem Topic Time (hours) 25 1 CS1 Core Studies 1 (R&C) CS4 Budgeting (R&D) Spreadsheeting 15 ES5 Accounting for Non-current Assets (R&C) Spreadsheeting ES10 Managerial Decision Making (R&D) 30 CS2 Core Studies 2 (R&D) ES1 School-developed Investigation (Payroll) (R&C) ES9 Analysis of Financial Reports (R&D) ES4 Accounting for Inventories (R&C) ES2 Accounting for Cash (R&C) 20 4 CS3 Integrated Accounting Package (R&C) ES8 Accrual Accounting (R&D) 10 ES6 Internal Controls (R&C) Queensland Studies Authority May

4 Outline of Intended Student Learning Year: 11 Semester: 1 Hours: 30/25 Area of study: Core Studies 1 General objectives: Knowledge and Procedural Practices; Interpretation and Evaluation Assessment technique/s: Practical (supervised or unsupervised); Supervised written (short response) Specific objectives/subject matter Learning experiences Knowledge and procedural practices Students should be able to: Identify, describe and explain: - the nature of accounting - the accounting profession in Australia - factors impacting upon accounting - the concept of separate accounting entity - the nature of assets, liabilities, owner s equity, revenues and expenses - the accounting equation - the twofold nature of business transactions and the interpretation of the effects of transactions on the elements of the accounting equation - the rules for debit and credit - the function of source documents in the accounting process - the nature and concept of GST - the effect of GST on the supply chain - the Australian Business Number - the relevant documents associated with the GST - the definition and function of a trial balance - the errors not disclosed by the trial balance. Apply fundamental accounting concepts to: - Record general journal entries for Opening entry Sale of inventories/services Sale of non-current assets at book value Sales returns Purchase of inventories/services Research regarding accounting standards, accounting professional bodies; current issues in accounting. Consideration of online and newspaper advertisements for various types of accounting positions. Guest speaker/excursion from an accounting firm/accounting division of firm/qut on the nature of accounting. Flashcards learning terminology. Factors affecting accounting PowerPoint presentations student-prepared from research. Text reading, summarising, exercises and activities relating to theoretical aspects. Exploration of ATO website GST information for small business; recommended requirements for record-keeping including documents and single/double-entry records. Activities guided practice using Excel basic formulae, appropriate display, printing, file management. Activities preparation of simple Balance Sheets and Income Statements from given figures. Activities guided practice through textbook exercises showing the effect of transactions on Balance Sheets over time. Activities guided practice through textbook exercises in the analysis of transactions into debit and credit impact and translation of this into general journal and ledger entries. Activities guided practice through textbook exercises relating to the preparation of General Journal from transactions and documents, posting to ledger, preparation of Trial Balance with a range of transactions students to use a given chart of accounts and be able to prepare an appropriate chart of accounts where necessary. Accounting (2010) Sample work program Queensland Studies Authority May

5 Specific objectives/subject matter Learning experiences Purchase of non-current assets Purchases returns Cash receipts Cash payments Drawings of cash and inventories Correction of errors Other, as appropriate. - Process journal entries to ledger, using a chart of accounts appropriately and making use of different account formats (Note: processing will be primarily using 3-column ledger accounts, but students will interpret exercises using T-style accounts and be made aware of balancing procedures using both types of accounts). - Prepare a Trial Balance from the ledger. Interpretation and evaluation Students should be able to: Analyse: - Scenarios that require understanding of the concept of separate accounting entity - Stimulus material requiring understanding of the nature of assets, liabilities, owner s equity, expenses and revenues; double entry-processes and how these are reflected through journal and ledger entries, chart of accounts and Trial Balance - Issues relating to the accounting profession and the nature of accounting. Develop logical, reasoned arguments to justify decisions and recommendations relating to: - The concept of separate accounting entity - The process of preparing journal and ledger entries - Issues relating to the accounting profession and the nature of accounting. Communicate accounting information through: - Clarity of expression - Understanding the use of technical terms - Use of correct spelling, punctuation and grammar. - Preparing effective paragraphs. Introductory activity to group small business records simulation designed to show an example of small business documents and how this translates to information regarding cash and profit enabling decision-making. Guided practice in the individual writing of response to stimulus accounting records and reports; case studies (written); and journal/newspaper/ internet articles (note that the focus is on the writing of effective and well-structured paragraphs and short reports and clear analysis and recommendations). Group development of written response to stimulus and in grading responses according to criteria and standards. Accounting (2010) Sample work program Queensland Studies Authority May

6 Outline of Intended Student Learning Year: 12 (A) 11 (B) Semester: 4/2 Hours: 10 Area of study: ES 1 School Developed Investigation (R&C) Payroll Procedures General objectives: Knowledge and Procedural Practices Assessment technique/s: Supervised written Practical task and short response Specific objectives/subject matter Knowledge and procedural practices Students should be able to: Identify, describe and explain: - The taxation and industrial legislation that impacts upon the preparation of a payroll - The function of various payroll records, including methods of collecting hours worked, Employee Record Card, Payroll Register, Employee Earnings Card and Pay Advice - Other important considerations when accounting for payroll, including superannuation (contributory and non-contributory), long service leave (and portable long service leave), sick leave, recreation leave, holiday leave loading, workers compensation and salary sacrifice - Consideration of ways in which to eliminate and prevent common payroll fraud - Electronic payroll preparation, including the use of spreadsheets and accounting packages - Procedures regarding the electronic transfers of net pay and deductions from gross pay - Procedures, documentation and accounting entries regarding the Pay as You Go scheme for collecting income tax from wage and salary earners. Apply fundamental accounting concepts to: - Prepare payroll registers and pay advice slips - Prepare journal entries to record: gross pay amounts deductions made from employees pay and forwarding to the organisations to which the deductions are owed other payroll expenses such as employer contributed superannuation, workers compensation, etc - Process journal entries to ledger. Learning experiences Research taxation and industrial legislation; reading and interpreting industrial awards under the Fair Work Act. Research problems that can occur in payroll accounting and case studies. Guest speaker/excursion accounting firm, local business, College HR manager regarding payroll issues such as electronic funds transfer, salary sacrificing, payroll software, industrial issues. Text reading, summarising, exercises and activities regarding theoretical aspects. Exploration of ATO website GST information for small business; recommended requirements for record-keeping including documents and single/double-entry records. Activities guided practice through textbook exercises regarding the preparation of Payroll registers and Pay Advice Slips, using current taxation tables; Journal entries and posting to ledger; preparation of payroll records over consecutive months. Activities the use of computerised accounting package/s for recording. Activities design of spreadsheet template for payroll recording using documentation, input and reporting areas. Accounting (2010) Sample work program Queensland Studies Authority May

7 Assessment plan Year A Instr. No. Technique Conditions Approx. time/length Topic/s F/S 1 KPP 2 IE 3 APP 4 Semester 1 1 Practical Supervised written Unsupervised or supervised practical task 80 minutes OR 1 week 40 minutes; 250 words CS1 Core Studies 1 F * * 2 Practical Supervised practical task 90 minutes ES4 Accounting for Inventories ES2 Accounting for Cash Semester 2 3 Supervised written 40 minutes; 250 words ES8 Accrual Accounting CS2 Core Studies 2 4 Practical Supervised practical task 60 minutes ES8 Accrual Accounting CS2 Core Studies 2 5 Supervised written Semester 3 Extended response (seen or unseen) F * * F * F * 60 minutes; 600 words ES6 Internal Controls F * 6 Extended response Unsupervised; written words ES9 Analysis of Financial S * Reports 7 Practical Supervised practical task 90 minutes CS4 Budgeting S * 8 Practical Supervised written Semester 4 9 Practical Supervised written Unsupervised or supervised practical task Supervised practical task Extended written response unseen 60 minutes 30 minutes; 250 words 90 minutes words ES5 Accounting for Noncurrent Assets ES10 Managerial Decision Making 10 Practical Supervised practical task 210 minutes CS3 Integrated Accounting Package Verification 11 Supervised written Supervised practical task 80 minutes ES1 School-developed Investigation R&C 1 Formative (F) or Summative (S) 2 4 Dimensions, i.e. 2 Knowledge and procedural practices 3 Interpretation and evaluation 4 Applied practical processes S * S * * S * S * Accounting (2010) Sample work program Queensland Studies Authority May

8 Assessment plan Year B Instr. No Technique Conditions Approx. time/length Topic/s F/S 1 KPP 2 IE 3 APP 4 Semester 1 1 Practical Supervised written Unsupervised or supervised practical task 80 minutes OR 1 week 40 minutes; 250 words CS1 Core Studies 1 F * * 2 Practical Supervised practical task 90 minutes CS4 Budgeting F * 3 Practical Unsupervised or supervised 60 minutes ES5 Accounting for F * Supervised written practical task 30 minutes; 250 words Non-current Assets Semester 2 4 Supervised written 60 minutes ES10 Managerial Decision Making F * 5 Practical Supervised practical task 60 minutes CS2 Core Studies 2 F * 6 Supervised written Supervised practical task 80 minutes ES1 School-developed Investigation R&C F * Semester 3 7 Extended response Written; unsupervised words ES9 Analysis of Financial Reports 8 Supervised written Extended written response unseen words 60 minutes ES4 Accounting for Inventories ES2 Accounting for Cash 9 Practical Supervised practical task 90 minutes ES4 Accounting for Inventories ES2 Accounting for Cash Semester 4 S * S * S * * 10 Practical Supervised practical task 210 minutes CS3 Integrated S * Accounting Package 11 Practical Supervised practical task 60 minutes ES8 Accrual Accounting S * Verification 12 Extended response Multimodal 5 7 minutes ES6 Internal Controls S * Accounting (2010) Sample work program Queensland Studies Authority May

9 Sample Student profile (Year A) Sem. Instr. No. Topic Assessment technique and conditions F/S KPP I&E APP LOA 1 CS1 Core Studies 1 Practical supervised or unsupervised Supervised written short response F 2 ES4 Accounting for Inventories ES2 Accounting for Cash Practical supervised F END OF SEMESTER 2 3 ES8 Accrual Accounting CS2 Core Studies 2 Supervised written response short response; supervised practical F 4 ES8 Accrual Accounting CS2 Core Studies 2 Practical supervised F 5 ES6 Internal Controls Supervised written extended response (seen or unseen) F END OF SEMESTER MONITORING 3 6 ES9 Analysis of Financial Reports Extended written response unsupervised S 7 CS4 Budgeting Practical supervised S 8 ES5 Accounting for Non-Current Assets END OF SEMESTER Practical supervised or unsupervised Supervised written short response 4 9 ES10 Managerial Decision Making Practical supervised Supervised written extended unseen 10 CS3 Integrated Accounting Package Supervised practical task S VERIFICATION S S 11 ES1 School-developed Investigation Payroll EXIT LEVEL (F) = Formative Assessment (S) = Summative Assessment Supervised written supervised practical; short response S Accounting (2010) Sample work program Queensland Studies Authority May

10 Sample Student profile (Year B) Sem. Instr. No. Topic Assessment technique and conditions F/S KPP I&E APP LOA 1 CS1 Core Studies 1 Practical supervised or unsupervised Supervised written short response F 2 CS4 Budgeting Practical supervised F 3 ES5 Accounting for Non-Current Assets END OF SEMESTER Practical supervised or unsupervised Supervised written short response 2 4 ES10 Managerial Decision Making Supervised written short response F 5 CS2 Core Studies 2 Practical supervised F 6 ES1 School-Developed Investigation Payroll END OF SEMESTER MONITORING Supervised written supervised practical; short response 3 7 ES9 Analysis of Financial Reports Extended written response unsupervised S 8 ES4 Accounting for Inventories ES2 Accounting for Cash 9 ES4 Accounting for Inventories ES2 Accounting for Cash END OF SEMESTER Supervised written extended unseen S Practical supervised S 4 10 CS3 Integrated Accounting Package Practical supervised S 11 ES8 Accrual Accounting Practical supervised S VERIFICATION F F 12 ES6 Internal Controls Supervised written supervised practical; short response S EXIT LEVEL Accounting (2010) Sample work program Queensland Studies Authority May

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12 Queensland Studies Authority 154 Melbourne Street South Brisbane PO Box 307 Spring Hill QLD 4004 Australia T F