Tennessee. Business Technology Course Code Accounting II Standards. Comprehensive Accounting 2010

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1 Tennessee Business Technology Course Code Accounting II Standards Comprehensive Accounting 2010 Notation Key SE Student Edition LE Learning Expectation Standard 1.0 The student will develop and apply concepts related to human relations, safety, career development, communications, and leadership skills for a global workplace. The student will: LE 1.1 Demonstrate sensitivity to personal, societal, corporate, and governmental responsibility to community and global issues. SE: 51, 86, 131, 210, 329, , 441, 494, 538, , , , , , LE 1.2 Demonstrate the interpersonal, teamwork, and leadership skills needed to function in diverse business settings, including the global marketplace. LE 1.3 Communicate effectively as writers, listeners, and speakers in diverse social and business settings. LE 1.4 Apply the critical-thinking and soft skills needed to function in students multiple roles as citizens, consumers, workers, managers, business owners, and directors of their own futures. LE 1.5 Analyze and follow policies for managing legal and ethical issues in organizations and in a technology-based society. SE: 51, 86, 131, 173, 210, 257, 329, , , 494, 617, 652, 792, 839, 920, 959, 1051, 1120, 1161 SE: 50, 86, 131, 173, 210, 329, 385, 440, 494, 537, 617, 742, 839, 920, 958, 1003, , 1120, 1207 SE: 49, , , 210, , , , , 494, 652, 741, 919, , SE: 30-32, 109, 153, 191, 210, 242, 307, 329, 359, 440, 494, 526, 602, 636, 742, 839, 943, , 1105, 1207

2 LE 1.6 Investigate the life-long learning skills that foster flexible career paths and confidence in adapting to a workplace that demands constant retooling. LE 1.7 Assess personal skills, abilities, aptitudes, and personal strengths and weaknesses as they relate to career exploration and apply knowledge gained from individual assessment to research and develop an individual career plan. LE 1.8 Examine the goals and principles of Future Business Leaders of America. LE 1.9 Investigates online and office safety procedures and passes a written safety examination with 100% accuracy. LE 1.10 Demonstrates parliamentary procedure through office staff/chapter organizational meetings. LE 1.11 Apply appropriate typography concepts to industry documents. SE: 51, 86, 131, , 242, 440, , , 652, 742, , 882, , 1004, The opportunity to address this objective is available. See the SE: 1-4 Standard 2.0 The student will perform operations necessary to plan, control, and evaluate business operations for a departmentalized accounting system. The student will: LE 2.1 Record departmental sales, cash receipts and payments, purchases, and SE: , 311, 317, 325- payroll. 328, , , , , , , , 636 LE 2.2 Prepare financial reports at end-of-fiscal period. (CLE , CLE ) SE: , , , , 630, , , 911, 914 Standard 3.0 The student will analyze general accounting adjustments for uncollectible accounts, merchandise inventory, depreciation, notes payable and receivable, accrued expenses and revenue, prepaid expenses, and unearned revenue. The student will: LE 3.1 Analyze and prepare adjustments for uncollectible accounts using the direct write-off method and allowance methods and compute accounts receivable turnover ratios and average number of days to pay. (CLE ) SE: , , , LE 3.2 Analyze methods related to planning, counting, and assigning cost to inventory. (CLE ) LE 3.3 Analyze and journalize the acquisition, depreciation, and disposal of plant assets. (CLE , CLE ) SE: , SE: , ,

3 LE 3.4 Calculate depreciation on plant assets using straight-line, declining balance, sum-of the-years digits, modified accelerated cost recovery system (MACRS) and calculate depletion of plant assets due to removal of natural resources. (CLE ) LE 3.5 Calculate and journalize adjustments for notes payable and receivable, prepaid and accrued expenses and unearned and accrued revenue. (CLE , CLE SE: , 725, , , SE: , , , , , , , Standard 4.0 The student will examine the process of organizing, paying dividends, acquiring additional capital, and reporting financial statements for a corporation. The student will: LE 4.1 Analyze practices and journalize transactions related to the start-up of a SE: , , , corporation, stock subscriptions, dividend declaration, and payment. (CLE , , LE 4.2 Analyze and journalize entries for acquiring additional capital, treasury stock, and bonds payable. (CLE ) LE 4.3 Prepare and analyze financial statements for a corporation at the end of a fiscal period. (CLE , CLE SE: , , , , SE: 189, , , , 907 LE 4.4 Calculate federal income tax for a corporation. (CLE ) SE: 523, , , Standard 5.0 The student will plan budgets, organize accounting information for management decisions, analyze financial statements, and prepare cash flow analyses. The student will: LE 5.1 Analyze and prepare budgetary planning and controls for the financial SE: , , operations of a business.(cle , CLE , LE 5.2 Compare the projected amounts budgeted with the actual amounts received and spent for a specific period of time. (CLE LE 5.3 Calculate analysis figures for making wise management decisions. (CLE SE: 1188, , 1201, 1200, SE: , , 1201, 1203, LE 5.4 Distinguish between GAAP and tax law. SE: 4-5, 635

4 Standard 6.0 The student will calculate and document cost accounting records for a merchandising and a manufacturing business. The student will: LE 6.1 Analyze cost accounting records for a merchandising business using SE: , , responsibility accounting. (CLE ) LE 6.2 Analyze cost accounting records for a manufacturing business. (CLE ) LE 6.3 Prepare accounting transactions and financial statements for a manufacturing business. (CLE , CLE ) SE: , , , SE: , , , , 1128, 1131, 1134, 1139, 1142, , Standard 7.0 The student will perform special accounting procedures for not-for-profit organizations, voucher systems, and partnerships. The student will: LE 7.1 Plan and prepare budget information and record financial transactions for The opportunity to address this not-for-profit and governmental organizations. (CLE , CLE ) objective is available. See the SE: 4 LE 7.2 Prepare financial reports for not-for-profit and governmental organizations. (CLE , CLE ) LE 7.3 Prepare forms and records for a voucher system as a method of cash control. The opportunity to address this objective is available. See the SE: 4 SE: , 279, 280 LE 7.4 Determine the steps necessary to form and expand a partnership. SE: LE 7.5 Record journal entries for forming a partnership, admitting new partners, and reporting financial transactions for a partnership. SE: , , ,

5 Addressing the Tennessee Standards for Business Technology with EMC Publishing s Comprehensive Accounting Comprehensive Accounting teaches the key concepts and skills of accounting to prepare students for direct job entry or for further study of accounting and business. Using practical and up-to-date examples, the text s approach blends the why with the how of accounting. This approach allows the student to master accounting procedures (the how) because they understand the underlying theory (the why). Because ethics are so important in business, and especially in accounting practice, ethics are introduced in Chapter 1 and are reinforced and applied throughout the text. Orientation & Program Design Each chapter contains the following elements: Learning Objectives lists the important concepts or procedures to be mastered in the chapter. Key Terms formally defined in the page margins, next to the place where each term is introduced and explained. Key Point margin boxes provide further reinforcement of important, testable facts. Remember notes appear in the margin, next to the corresponding text discussion, to remind students of important concepts learned in previous chapters. Take This Into Account, Summing Up, and Caution boxes are placed strategically within the chapter discussion to deepen and strengthen your understanding of the text material. Color used to help students quickly identify the major accounting documents. Focus on Ethics precedes the end-of-chapter material. The ramifications of not acting ethically are illustrated in these interesting accounts of crime and corruption. Joining the Pieces presents an at-a-glance summary of the major concepts, entries, or terms contained in the chapter. Chapter Summary restates the chapter s learning objectives and explains the objectives using detailed examples. The end-of-chapter work is also coded with learning objective references. Relevant Research Comprehensive Accounting was developed based on extensive research of the standards and practices of a proficient accounting student. Assessment Components In-Chapter Resources: Case Problems two sets of problems cover the major topics of the chapter, select problems can be solved using Quickbooks or Peachtree. Critical Thinking Problems assesses students ability to apply what students have learned to a new situation. Challenge Problem asks the student to apply the major concepts in the chapter and requires more creative work than the other end-of-chapter activities. Communication and Ethics Problems assesses students ability to write about or discuss their understanding of a concept presented in the chapter. In the Real World relates accounting concepts to the company featured in the Part introduction Comprehensive Review Problem follows each major segment of the book. These problems simulate a real accounting situation and require the student to combine theory and procedures from several chapters. The Teacher s Resources include: Teacher's Resource DVD has the most valuable resources gathered for easy access. Course Planner and Resources Binder includes planning resources, Lesson Blueprints, lecture notes, and achievement tests. Print-based solutions and test banks Excel, Peachtree, and QuickBooks templates