Business. Smyth County Schools Curriculum Map Grade:10-12 Subject:Accounting. Understanding the Accounting Cycle for a Service Business

Transcription

1 Grade:10-12 Subject:Accounting 1st Quarter 2nd Quarter Standards Implementing Virginia's CTE Course Requirements 001 Demonstrate Virginia's Workplace Readiness Skills in course activities. 002 Apply Virginia's All Aspects of Industry elements in course activities. 003 Identify Internet safety issues and procedures for complying with acceptable use standards. Understanding the Accounting Cycle for a Service 007 Describe the purpose of accounting and the role it plays in our economy. 014 Prepare a trial balance for a service business. Implementing Payroll and Banking Procedures 034 Describe methods used to determine gross earnings (e.g., piece-rate, hourly, commission). 035 Explain the purposes of withholdings and other deductions. 036 Compute employee gross earnings, deductions, and net pay. 037 Journalize payroll transactions. Participating in the Student Organization 004 Identify the purposes and goals of the student organization. 005 Explain the benefits and responsibilities of membership in the student organization as a student and in professional/civic organizations as an adult. Dev. 03/2008 1

2 006 Demonstrate leadership skills through participation in student organization activities, such as meetings, programs, and projects. Content Starting A Proprietorship Posting to a General Ledger Integrating Automated Accounting Cash Control Systems Changes That Affect Owner s Equity Skills Analyzing Transactions into Debit and Credit Parts Journalizing Transactions Identify accounting concepts and practices to starting a service business Analyze transactions that affect the accounting equation Prepare a balance sheet Identify accounting concepts and practices to journalizing transactions Identify accounting concepts and practices related to posting from a journal to a general ledger Prepare a chart of accounts for a service business organized as a proprietorship Post amounts from a journal to a general ledger Record transactions for a proprietorship using an automated accounting system Define and identify accounting terms and concepts related to a checking account and petty cash fund Prepare business papers related to using a checking account Reconcile a bank statement Record transactions related to using a checking account and petty cash fund Record transactions in a five-column journal Prove equality of debits and credits and cash Dev. 03/2008 2

3 Assessment Unit objective and problem tests Unit objective and problem tests Related Literature Technology Dev. 03/2008 3

4 Social Studies Grade:Error! Not a valid link. Subject: Error! Not a valid link. Standards 3rd Quarter Understanding the Accounting Cycle for a Service 008 Demonstrate the effects of transactions on the accounting equation. 009 Use source documents. 010 Prepare a chart of accounts for a service business. 011 Diagram transactions through the use of T-accounts for a service business. 012 Record transactions in a journal for a service business. 013 Post journal entries to the general ledger for a service business. 014 Prepare a trial balance for a service business. 4 th Quarter Understanding the Accounting Cycle for a Service 015 Plan end-of-period adjustments for a service business, using a worksheet. 016 Prepare financial statements for a service business. 017 Journalize adjusting and closing entries for a service business. 018 Prepare post-closing trial balance for a service business. 019 Chart the progression from source documents to journals to general ledger to financial reports for a service business. 020 Maintain financial records for a service business, using accounting software. Understanding the Accounting Cycle for a Merchandising 028 Create financial statements for a merchandising business. 029 Analyze financial statements for a merchandising business. 030 Journalize adjusting and closing entries for a merchandising business. 032 Maintain financial records for a merchandising business, using accounting software. 033 Chart the progression from source documents to journals to general ledger to financial reports for a merchandising business. Implementing Payroll and Banking Procedures 047 Maintain records for notes payable and notes receivable. Dev. 03/2008 4

5 Social Studies Grade:Error! Not a valid link. Subject: Error! Not a valid link. Content Reinforcement Activity Part A: An Accounting Cycle for a Proprietorship: Journalizing and Posting Transactions Worksheet for a Service Journalize transactions relating to the purchase of and sale of merchandise for a partnership business Post from journals to a general and/or subsidiary ledger Prepare schedules for subsidiary ledgers Implementing Payroll Procedures Developing Employ-ability Skills Financial Statements for a Proprietorship Skills Recording Adjusting and Closing Entries for a Service Reinforcement Activity Part B: An Accounting Cycle for a Proprietorship: End-of-Fiscal-Period learned from Chapters 2 7. Identify accounting concepts and practices related to a work sheet for a service business Plan adjustments for specific accounts Complete a work sheet learned from Chapters learned from Chapters Identify accounting concepts and practices related to the purchase of and sale of merchandise for a partnership business Complete financial statements for a merchandising business learned from Chapters 14. Describe methods used to determine gross earnings Compute employee gross earnings, deductions, and net pay Maintain employee earnings records Generate payroll checks Prepare resume Dev. 03/2008 5

6 Social Studies Grade:Error! Not a valid link. Subject: Error! Not a valid link. Assessment Automated accounting problems with printouts Automated accounting problems with printouts Related Literature Technology Dev. 03/2008 6