UNIT 1: Starting a Proprietorship: Changes that Affect the ...

OKSD_Accounting I_November 2013 Page 1 of 28

Okanogan School District Accounting 1

Total Framework Hours up to: 180

CIP Code: 520301 Exploratory Preparatory Date Last Modified: November 2013

Career Cluster: Finance Career Pathway: Accounting

Unit Outline

Unit Hours Starting a Proprietorship: Changes that Affect the Accounting Equation 10

Analyzing Transactions into Debit and Credit Parts 10

Recording Transactions in a General Journal 10

Posting from a General Journal to a General Ledger 12

Cash Control Systems 12

Preparing a Worksheet for a Service Business 12

Financial Statements 12

Recording Adjusting and Closing Entries 12

Journalizing Purchases and Cash Payments 15

Journalizing Sales and Cash Receipts Using Special Journals 15

Posting to General and Subsidiary Ledgers 10

Preparing Payroll Records 10

Payroll Accounting, Taxes and Reports 10

Distributing Dividends and Preparing a Worksheet 10

Financial Statements 10

Recording Adjusting and Closing Entries 10

Total Hours: 180

UNIT 1: Starting a Proprietorship: Changes that Affect the Accounting Equation Performance Assessments: Unit Assessment: Chapter 1—Understand key terms, accounting equation, effect of transactions on the accounting equation


Leadership Activities: 4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 4.B.3 Apply a fundamental understanding of the ethical/legal issues surrounding the access and use of information 8.A.3 Utilize time and manage workload efficiently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 9.A.1 Know when it is appropriate to listen and when to speak 10.A.2 Prioritize, plan and manage work to achieve the intended result FBLA—Accounting I, Business Math, Business Calculations Competitions

STANDARDS AND COMPETENCIES

Standard/Unit: Analyze how transactions affect accounts in an accounting equation for a proprietorship.

Competencies: Total Learning Hours for Unit: 10 1.1 Define accounting terms related to starting a service business. 1.2 Identify accounting concepts and practices related to starting a service business organized as a proprietorship. 1.3 Classify accounts as assets, liabilities, or owner’s equity and demonstrate their relationship in the accounting equation. 1.4 Define accounting terms related to starting a service organization organized as a proprietorship and to changes that affect the accounting equation. 1.5 Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting

equation. 1.6 Analyze how transactions affect accounts in an accounting equation. 1.7 Define accounting terms related to starting a service organization organized as a proprietorship and to changes that affect the accounting equation. 1.8 Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting

equation. 1.9 Analyze how transactions affect accounts in an accounting equation.

ALIGNED WASHINGTON STATE STANDARDS

Communications COMMON CORE Speaking and Listening Standards

Comprehension and Collaboration 11-12 SL1 Initiate and participate effectively in a range of collaborative discussions (one-on- one, in groups, and teacher-led) with diverse

partners on grades 11–12 topics, texts, and issues, building on others’ ideas and expressing their own clearly and persuasively. a. Come to discussions prepared, having read and researched material under study; explicitly draw on that preparation by

referring to evidence from texts and other research on the topic or issue to stimulate a thoughtful, well-reasoned exchange of ideas.

b. Work with peers to promote civil, democratic discussions and decision making, set clear goals and deadlines, and establish individual roles as needed.

c. Propel conversations by posing and responding to questions that probe reasoning and evidence; ensure a hearing for a full range of positions on a topic or issue; clarify, verify, or challenge ideas and conclusions; and promote divergent and creative perspectives.

d. Respond thoughtfully to diverse perspectives; synthesize comments, claims, and evidence made on all sides of an issue; resolve contradictions when possible; and determine what additional information or research is required to deepen the investigation or complete the task.

SL5 Make strategic use of digital media (e.g., textual, graphical, audio, visual, and interactive elements) in presentations to enhance understanding of findings, reasoning, and evidence and to add interest.

Educational 1.1.1Generate ideas and create original works for personal and group expression using a variety of digital tools.


Technology 1.2.1 Communicate and collaborate to learn with others. 1.2.2 Develop cultural understanding and global awareness by engaging with learners of many cultures. 1.3.1 Identify and define authentic problems and significant questions for investigation and plan strategies to guide inquiry. 1.3.2 Locate and organize information from a variety of sources and media. 2.1.2 Practice ethical and respectful behavior. 2.2.1 Develop skills to use technology effectively. 2.2.2 Use a variety of hardware to support learning. 2.3.1 Select and use common applications. 2.3.2 Select and use online applications. 2.4.1 Formulate and synthesize new knowledge.

Reading COMMON CORE ENGLISH LANGUAGE ARTS & Literacy in History/Social Studies, Science, and Technical Subjects

RST2 Determine the central ideas or conclusions of a text; summarize complex concepts, processes, or information presented in a text by paraphrasing them in simpler but still accurate terms.

RST4 Determine the meaning of symbols, key terms, and other domain-specific words and phrases as they are used in a specific scientific or technical context relevant to grades 11–12 texts and topics.

RST5 Analyze how the text structures information or ideas into categories or hierarchies, demonstrating understanding of the information or ideas.

Writing COMMON CORE Writing Standards for Literacy in History/Social Studies, Science, and Technical Subjects

W2 Write informative/explanatory texts to examine and convey complex ideas, concepts, and information clearly and accurately through the effective selection, organization, and analysis of content.

a. Introduce a topic; organize complex ideas, concepts, and information so that each new element builds on that which precedes it to create a unified whole; include formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension.

b. Develop the topic thoroughly by selecting the most significant and relevant facts, extended definitions, concrete details, quotations, or other information and examples appropriate to the audience’s knowledge of the topic.

d. Use precise language, domain-specific vocabulary, and techniques such as metaphor, simile, and analogy to manage the complexity of the topic.

Language Standards COMMON CORE ENGLISH LANGUAGE ARTS & Literacy in History/Social Studies, Science, and Technical subjects,

L1 Demonstrate command of the conventions of standard English grammar and usage when writing or speaking. b. Use various types of phrases (noun, verb, adjectival, adverbial, participial, prepositional, absolute) and clauses (independent,

dependent; noun, relative, adverbial) to convey specific meanings and add variety and interest to writing or presentations.

UNIT 2: Analyzing Transactions into Debit and Credit Parts Performance Assessments: “T” Account Quiz Unit Assessment: Chapter 2—Understand key terms, analyze how transactions effect the accounting equation using T Accounts (debit and credit part)

Leadership Activities: 4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 10.B.1 Demonstrate additional attributes associated with producing high quality products including the abilities to:

a. work positively and ethically


b. manage time and projects effectively c. multi-task d. participate actively, as well as be reliable and punctual e. present oneself professionally and with proper etiquette f. collaborate and cooperate effectively with teams g. respect and appreciate team diversity h. be accountable for results

FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Analyze business transactions for a Proprietorship into debit and credit parts.

Competencies: Total Learning Hours for Unit: 10 2.1 Define accounting terms related to analyzing transactions into debit and credit parts. 2.2 Identify accounting practices related to analyzing transactions into debit and credit parts. 2.3 Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction. 2.4 Analyze how transactions to set up a business affect accounts. 2.5 Analyze how transactions affect owner’s equity accounts.

ALIGNED WASHINGTON STATE STANDARDS Communications COMMON CORE Speaking and Listening Standards

SL1 Initiate and participate effectively in a range of collaborative discussions (one-on- one, in groups, and teacher-led) with diverse partners on grades 11–12 topics, texts, and issues, building on others’ ideas and expressing their own clearly and persuasively.


Educational Technology

1.1.1Generate ideas and create original works for personal and group expression using a variety of digital tools. 1.2.1 Communicate and collaborate to learn with others. 1.2.2 Develop cultural understanding and global awareness by engaging with learners of many cultures. 1.3.1 Identify and define authentic problems and significant questions for investigation and plan strategies to guide inquiry. 1.3.2 Locate and organize information from a variety of sources and media. 2.1.2 Practice ethical and respectful behavior. 2.2.1 Develop skills to use technology effectively. 2.2.2 Use a variety of hardware to support learning. 2.3.1 Select and use common applications. 2.3.2 Select and use online applications. 2.4.1 Formulate and synthesize new knowledge.

Reading COMMON CORE





Writing COMMON CORE





Language Common Core



UNIT 3: Recording Transactions in a Journal Performance Assessments: Unit Assessment: Chapter 3—Understand key terms, journalize transactions, prove and rule journal, and prove cash

Leadership Activities: 21

st Century interdisciplinary theme-- financial, economic, business & entrepreneurial literacy: Analyzing Best Buy’s Financial Statements

4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 10.B.1 Demonstrate additional attributes associated with producing high quality products including the abilities to: b. manage time and projects effectively c. multi-task FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Record in a general journal the transactions to set up a business.

Competencies: Total Learning Hours for Unit: 10 3.1 Define accounting terms related to journalizing transactions. 3.2 Identify accounting concepts and practices related to journalizing transactions. 3.3 Record transactions to set up a business in a general journal. 3.4 Define accounting concepts and practices related to journalizing transactions. 3.5 Record transactions to set up a business in a general journal. 3.6 Record transactions to buy insurance for cash and supplies on account in a general journal. 3.7 Record transactions that affect owner’s equity and receiving cash on account in a general journal.


Communications COMMON CORE




Speaking and Listening Standards



Reading COMMON CORE




Writing COMMON CORE





Language Standards COMMON CORE

L1 Demonstrate command of the conventions of standard English grammar and usage when writing or speaking. b. Use various types of phrases (noun, verb, adjectival, adverbial, participial, prepositional, absolute) and clauses

(independent, dependent; noun, relative, adverbial) to convey specific meanings and add variety and interest to writing or presentations.

UNIT 4: Posting From a Journal to a General Ledger Performance Assessments: Unit Assessment: Chapter 4—Understand key terms, construct a chart of accounts, open general ledger accounts, posting from the journal(s) to the ledger account and correct errors in posting


st Century interdisciplinary theme-- financial, economic, business & entrepreneurial literacy: Amazon.com Problem for Critical Thinking

4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 9.B.1 Respect cultural differences and work effectively with people from a range of social and cultural backgrounds


10.B.1 Demonstrate additional attributes associated with producing high quality products including the abilities to: d. participate actively, as well as be reliable and punctual FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Post amounts from a journal to a general ledger and prove accuracy.

Competencies: Total Learning Hours for Unit: 12 4.1 Define accounting terms related to posting from a journal to a general ledger. 4.2 Identify accounting concepts and practices related to posting from a journal to a general ledger. 4.3 Prepare a chart of accounts for a service business organized as a proprietorship. 4.4 Define accounting terms related to posting from a journal to a general ledger. 4.5 Identify accounting concepts and practices related to posting from a journal to a general ledger. 4.6 Post amounts from a general journal to a general ledger. 4.7 Identify accounting concepts and practices related to posting from a journal to a general ledger. 4.8 Prove cash and journalize correcting entries.






Reading COMMON CORE




Writing COMMON CORE









UNIT 5: Cash Control Systems Performance Assessments: Unit Assessment: Chapter 5—Understand key terms, prepare checks with check stubs, prepare a bank reconciliation, understand procedures of a petty cash fund. Reinforcement Activity, Part A—strengthens the learning of accounting concepts and procedures Chapters 1-5 with manual and/or computer simulation Midterm exam covering Chapter 1-5 (includes topics from chapters 1-5)


st Century interdisciplinary theme-- financial, economic, business & entrepreneurial literacy: Accounting in the Real World – Hard Rock Cafe

4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 10.B.1 Demonstrate additional attributes associated with producing high quality products including the abilities to: c. multi-task FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Prepare business papers related to cash control systems.

Competencies: Total Learning Hours for Unit: 12 5.1 Define accounting terms related to using a checking account. 5.2 Identify accounting concepts and practices related to using a checking account. 5.3 Prepare business papers related to using a checking account. 5.4 Define accounting terms related to using a checking account. 5.5 Identify accounting concepts and practices related to using a checking account. 5.6 Reconcile a bank statement. 5.7 Journalize dishonored checks and electronic banking transactions. 5.8 Define accounting terms related to using a petty cash fund. 5.9 Establish and replenish a petty cash fund.


Communications SL1 Initiate and participate effectively in a range of collaborative discussions (one-on- one, in groups, and teacher-led) with diverse


COMMON CORE Speaking and Listening Standards

partners on grades 11–12 topics, texts, and issues, building on others’ ideas and expressing their own clearly and persuasively. SL5 Make strategic use of digital media (e.g., textual, graphical, audio, visual, and interactive elements) in presentations to enhance

understanding of findings, reasoning, and evidence and to add interest.



Reading COMMON CORE




Writing COMMON CORE








UNIT 6: Preparing a Worksheet for a Service Business Performance Assessments: Unit Assessment: Chapter 6—Understand key terms, completing a worksheet, prepare adjusting entries, journalize and post adjusting entries, find errors on a worksheet


st Century interdisciplinary theme-- financial, economic, business & entrepreneurial literacy: Auditing for Errors

2.B.1 Analyze how part of a whole interact with each other to produce overall outcomes in complex systems 4.A.1 Access information efficiently (time) and effectively (sources)


4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 10.B.1 Demonstrate additional attributes associated with producing high quality products including the abilities to: f. collaborate and cooperate effectively with teams g. respect and appreciate team diversity FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Complete an accurate worksheet for a service business organized as a proprietorship.

Competencies: Total Learning Hours for Unit: 12 6.1 Define accounting terms related to a work sheet for a service business organized as a proprietorship. 6.2 Identify accounting concepts and practices related to a work sheet for a service business organized as a proprietorship. 6.3 Prepare a heading and a trial balance on a work sheet. 6.4 Plan adjustments for supplies and prepaid insurance. 6.5 Complete a worksheet for a service business organized as a proprietorship. 6.6 Identify selected procedures for finding and correcting errors in accounting records.






Reading COMMON CORE




Writing W2 Write informative/explanatory texts to examine and convey complex ideas, concepts, and information clearly and accurately through


COMMON CORE

the effective selection, organization, and analysis of content. a. Introduce a topic; organize complex ideas, concepts, and information so that each new element builds on that which

precedes it to create a unified whole; include formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension.






UNIT 7: Financial Statements Performance Assessments: Unit Assessment: Chapter 7—Understand key terms, prepare an income statement and balance sheet, calculate and analyze financial transactions using income statement amounts


st Century interdisciplinary theme-- financial, economic, business & entrepreneurial literacy: Graphing Workshop, Analyzing Best Buy’s Financial Statements

21

st Century Skills:

3.A.2 Listen effectively to decipher meaning, including knowledge, values, attitudes and intentions 4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 10.B.1.h Be accountable for results FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Prepare financial statements for a service business organized as a proprietorship.

Competencies: Total Learning Hours for Unit: 12 7.1 Define accounting terms related to financial statements for a service business organized as a proprietorship. 7.2 Identify accounting concepts and practices related to preparation of an income statement for a service business organized as a proprietorship. 7.3 Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages. 7.4 Identify accounting concepts and practices related to preparation of a balance sheet for a service business organized as a proprietorship. 7.5 Prepare a balance sheet for a service business organized as a proprietorship.

ALIGNED WASHINGTON STATE STANDARDS Communications



COMMON CORE Speaking and Listening Standards




Reading COMMON CORE




Writing COMMON CORE








UNIT 8: Recording Adjusting and Closing Entries Performance Assessments: Unit Assessment: Chapter 8—understand key terms, journalize and post-closing entries and prepare a post-closing trial balance Final Exam covering Chapters 1-8 (includes concepts from Chapters 1-8) Reinforcement Activity, Part B--strengthens the learning of accounting concepts and procedures Chapters 1-8 with manual and/or computer simulation


st Century interdisciplinary theme-- financial, economic, business & entrepreneurial literacy

4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently


8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 8.C.1 Go beyond basic mastery of skills and/or curriculum to explore and expand one’s own learning and opportunities to gain expertise 10.B.1 Demonstrate additional attributes associated with producing high quality products including the abilities to: h. be accountable for results FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Complete the end of cycle activities for a proprietorship.

Competencies: Total Learning Hours for Unit: 12 8.1 Define accounting terms related to adjusting entries for a service business organized as a proprietorship. 8.2 Identify accounting concepts and practices related to adjusting entries for a service business organized as a proprietorship. 8.3 Record adjusting entries for a service business organized as a proprietorship. 8.4 Define accounting terms related to closing entries for a service business organized as a proprietorship. 8.5 Identify accounting concepts and practices related to closing entries for a service business organized as a proprietorship. 8.6 Record closing entries for a service business organized as a proprietorship.






Reading COMMON CORE




Writing COMMON CORE









UNIT 9: Journalizing Purchases and Cash Payments Performance Assessments: Unit Assessment: Chapter 9—Understand key terms, journalize and post purchases and cash payments using subsidiary and general ledgers, replenish petty cash funds, prepare a schedule of Accounts Receivables


st Century interdisciplinary theme--financial, economic, business & entrepreneurial literacy: Accounting in the Real World: OfficeMax

4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Journalize Purchases and Cash Payments for a merchandising business organized as a corporation.

Competencies: Total Learning Hours for Unit: 15 1.1 Define accounting terms related to purchases for a merchandising business 1.2 Identify accounting concepts and practices related to purchases for a merchandising business. 1.3 Journalize purchases of merchandise using a purchases journal. 1.4 Define accounting terms related to cash payments for a merchandising business. 1.5 Identity accounting concepts and practices related to cash payments for a merchandising business. 1.6 Prepare a petty cash report and journalize reimbursement of the petty cash fund. 1.7 Total, prove, and rule a cash payments journal and start a new cash payments journal page. 1.8 Define accounting terms related to purchases returns and allowances for a merchandising business. 1.9 Identity accounting concepts and practices related to purchases returns and allowances for a merchandising business. 1.10 Journalize purchases returns and allowances and other transactions using a general journal.

ALIGNED WASHINGTON STATE STANDARDS Communications COMMON CORE


e. Come to discussions prepared, having read and researched material under study; explicitly draw on that preparation by


Speaking and Listening Standards

referring to evidence from texts and other research on the topic or issue to stimulate a thoughtful, well-reasoned exchange of ideas.

f. Work with peers to promote civil, democratic discussions and decision making, set clear goals and deadlines, and establish individual roles as needed.

g. Propel conversations by posing and responding to questions that probe reasoning and evidence; ensure a hearing for a full range of positions on a topic or issue; clarify, verify, or challenge ideas and conclusions; and promote divergent and creative perspectives.

h. Respond thoughtfully to diverse perspectives; synthesize comments, claims, and evidence made on all sides of an issue; resolve contradictions when possible; and determine what additional information or research is required to deepen the investigation or complete the task.




Reading COMMON CORE ENGLISH LANGUAGE ARTS & Literacy in History/Social Studies, Science, and Technical Subjects




Writing COMMON CORE Writing Standards for Literacy in History/Social Studies, Science, and Technical Subjects


c. Introduce a topic; organize complex ideas, concepts, and information so that each new element builds on that which precedes it to create a unified whole; include formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension.

d. Develop the topic thoroughly by selecting the most significant and relevant facts, extended definitions, concrete details, quotations, or other information and examples appropriate to the audience’s knowledge of the topic.


Language Standards COMMON CORE ENGLISH LANGUAGE ARTS & Literacy in History/Social Studies, Science, and Technical subjects,




UNIT 10: Journalizing Sales and Cash Receipts Using Special Journals Performance Assessments: Unit Assessment: Chapter 10—Understand key terms, journalize and post sales and cash receipts using subsidiary and general ledgers, prepare a schedule of accounts receivable



4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 7.B.2 Deal positively with praise, setbacks and criticism 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 8.C.4 Reflect critically on past experiences in order to inform future progress 9.A.1 Know when it is appropriate to listen and when to speak 9.A.2 Conduct themselves in a respectable, professional manner FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Journalize Sales and Cash Receipts using Special Journals for a merchandising business organized as a corporation.

Competencies: Total Learning Hours for Unit: 15 2.1 Define accounting terms related to sales for a merchandising business. 2.2 Identify accounting concepts and practices related to sales for a merchandising business. 2.3 Journalize sales on account using a sales journal. 2.4 Define accounting terms related to cash receipts for a merchandising business. 2.5 Identify accounting concepts and practices related to cash receipts for a merchandising business. 2.6 Journalize cash receipts using a cash receipts journal. 2.7 Define accounting terms related to sales and cash receipts for a merchandising business. 2.8 Identity accounting concepts and practices related to sales and cash receipts for a merchandising business. 2.9 Record sales returns and allowances using a general journal.



a. Come to discussions prepared, having read and researched material under study; explicitly draw on that preparation by referring to evidence from texts and other research on the topic or issue to stimulate a thoughtful, well-reasoned exchange of ideas.



d. Respond thoughtfully to diverse perspectives; synthesize comments, claims, and evidence made on all sides of an issue;


resolve contradictions when possible; and determine what additional information or research is required to deepen the investigation or complete the task.




Reading COMMON CORE




Writing COMMON CORE








UNIT 11: Posting to General and Subsidiary Ledgers Performance Assessments: Unit Assessment: Chapter 11—Understand key terms, journalize transactions for purchases returns and allowance, post from journals to general and subsidiary ledgers, journalize the declaration and payment of dividends


st Century interdisciplinary theme--financial, economic, business & entrepreneurial literacy: Accounting in the Real World: OfficeMax, eBay Conquers the

Online Marketplace 4.A.1 Access information efficiently (time) and effectively (sources)


4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 9.A.1 Know when it is appropriate to listen and when to speak 9.A.2 Conduct themselves in a respectable, professional manner 10.B.1 Demonstrate additional attributes associated with producing high quality products including the abilities to:

c. multi-task FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Post transactions to general and subsidiary ledgers.

Competencies: Total Learning Hours for Unit: 10 3.1 Define accounting terms related to posting to ledgers. 3.2 Identify accounting concepts and practices related to posting to ledgers. 3.3 Post separate items from a purchases, cash payments, and general journal to an accounts payable ledger. 3.4 Post separate items from a sales, cash receipts, and general journal to an accounts receivable ledger. 3.5 Post separate items from a cash payments journal and a general journal to a general ledger. 3.6 Post special journal column totals to a general ledger. 3.7 Journalize and post correcting entries affecting customer accounts.










1.1.1Generate ideas and create original works for personal and group expression using a variety of digital tools. 1.2.1 Communicate and collaborate to learn with others. 1.2.2 Develop cultural understanding and global awareness by engaging with learners of many cultures. 1.3.1 Identify and define authentic problems and significant questions for investigation and plan strategies to guide inquiry. 1.3.2 Locate and organize information from a variety of sources and media. 2.1.2 Practice ethical and respectful behavior. 2.2.1 Develop skills to use technology effectively. 2.2.2 Use a variety of hardware to support learning. 2.3.1 Select and use common applications.


2.3.2 Select and use online applications. 2.4.1 Formulate and synthesize new knowledge.

Reading COMMON CORE




Writing COMMON CORE








UNIT 12: Preparing Payroll Records Performance Assessments: Unit Assessment: Chapter 12—Understand key terms, calculate employee earnings, prepare payroll register and employee earning records and prepare payroll checks



4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 10.B.1 Demonstrate additional attributes associated with producing high quality products including the abilities to:

i. work positively and ethically h. be accountable for results

FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Prepare payroll records for a merchandising business organized as a corporation.

Competencies: Total Learning Hours for Unit: 10


4.1 Define accounting terms related to payroll records. 4.2 Identify accounting practices related to payroll records. 4.3 Complete a payroll time card. 4.4 Define accounting terms related to payroll records. 4.5 Identify accounting concepts and practices related to payroll records. 4.6 Calculate payroll taxes. 4.7 Define accounting terms related to payroll records. 4.8 Identify accounting practices related to payroll records. 4.9 Complete a payroll register and an employee earnings record. 4.10 Define accounting terms related to payroll records. 4.11 Identify accounting practices related to payroll records. 4.12 Prepare payroll checks.











Reading COMMON CORE





Writing COMMON CORE








UNIT 13: Payroll Accounting, Taxes and Reports Performance Assessments: Unit Assessment: Chapter 13—Understand key terms, calculate, record, and pay employer payroll taxes and prepare selected payroll tax reports Reinforcement Activity 2, Part A, strengthens the learning of accounting concepts and procedures Chapters 1-13 with manual and/or computer simulation Midterm exam covering Chapters 9-13



4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 8.C.1 Go beyond basic mastery of skills and/or curriculum to explore and expand one’s own learning and opportunities to gain expertise 8.C.2 Demonstrate initiative to advance skill levels towards a professional level 8.C.4 Reflect critically on past experiences in order to inform future progress FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Analyze payroll transactions and journalize payroll for a merchandising business organized as a corporation

Competencies: Total Learning Hours for Unit: 10 5.1 Identify accounting concepts and practices related to payroll accounting, taxes and reports. 5.2 Analyze payroll transactions and record a payroll. 5.3 Define accounting terms related to payroll taxes. 5.4 Record payroll taxes. 5.5 Define accounting terms related to payroll reports. 5.6 Prepare selected payroll tax reports. 5.7 Define accounting terms related to payroll taxes. 5.8 Pay and record withholding and payroll taxes.












Reading COMMON CORE




Writing COMMON CORE









UNIT 14: Distributing Dividends and Preparing a Worksheet for a Merchandising Business Performance Assessments: Unit Assessment: Chapter 14—Understand key terms, prepare a worksheet including adjustments for supplies, prepaid expenses, merchandise inventory, uncollectable accounts, depreciation and federal income tax, journalize a declaration and payment of a dividend

Leadership Activities: 2.B.1 Analyze how part of a whole interact with each other to produce overall outcomes in complex systems 4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 9.A.1 Know when it is appropriate to listen and when to speak 9.A.2 Conduct themselves in a respectable, professional manner FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Complete an accurate worksheet for a merchandising business organized as a corporation.

Competencies: Total Learning Hours for Unit: 18 6.1 Define accounting terms related to distributing dividends for a merchandising business. 6.2 Identify accounting concepts and practices related to distributing dividends for a merchandising business. 6.3 Define accounting terms related to preparing a work sheet for a merchandising business. 6.4 Identify accounting concepts and practices related to preparing a work sheet for a merchandising business. 6.5 Begin a work sheet for a merchandising business. 6.6 Plan work sheet adjustments for merchandise inventory, supplies, prepaid expenses, uncollectible accounts, and depreciation. 6.7 Plan work sheet adjustments for uncollectible accounts. 6.8 Plan work sheet adjustments for depreciation. 6.9 Calculate federal income tax and plan the work sheet adjustment for federal income tax. 6.10 Complete a work sheet for a merchandising business.







d. Respond thoughtfully to diverse perspectives; synthesize comments, claims, and evidence made on all sides of an issue; resolve contradictions when possible; and determine what additional information or research is required to deepen the


investigation or complete the task. SL5 Make strategic use of digital media (e.g., textual, graphical, audio, visual, and interactive elements) in presentations to enhance understanding of findings, reasoning, and evidence and to add interest.



Reading COMMON CORE




Writing COMMON CORE









UNIT 15: Financial Statements Performance Assessments: Unit Assessment: Chapter 15—Understand key terms, prepare an income statement, statement of stockholder’s equity, and balance sheet for a corporation

Leadership Activities: 3.A.2 Listen effectively to decipher meaning, including knowledge, values, attitudes and intentions 4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 9.B.1 Respect cultural differences and work effectively with people from a range of social and cultural backgrounds 9.B.2 Respond open-mindedly to different ideas and values 10.B.1.h Be accountable for results FBLA—Accounting I, Business Math, Business Calculations Competitions


Standard/Unit: Prepare Financial Statements for a Merchandising Business Organized as a Corporation.

Competencies: Total Learning Hours for Unit: 10 7.1 Define accounting terms related to financial statements for a merchandising business organized as a corporation. 7.2 Identify accounting concepts and practices related to financial statements for a merchandising business organized as a corporation. 7.3 Prepare an income statement for a merchandising business organized as a corporation. 7.4 Analyze an income statement using component percentages and financial ratios. 7.5 Prepare a statement of stockholders’ equity for a merchandising business organized as a corporation. 7.6 Define accounting terms related to preparing a balance sheet for a merchandising business. 7.7 Identify accounting practices related to preparing a balance sheet for a merchandising business.












Reading COMMON CORE




Writing COMMON CORE








UNIT 16: Recording Adjusting and Closing Entries Performance Assessments: Unit Assessment: Chapter 16—Understand key terms, journalize and post adjusting and closing entries, prepare a post-closing trial balance Final Exam Covering Chapters 14-16 Reinforcement Activity 2, Part B, strengthens the learning of accounting concepts and procedures Chapters 1-16 with manual and/or computer simulation



4.A.1 Access information efficiently (time) and effectively (sources) 4.A.2 Evaluate information critically and competently 8.B.1 Monitor, define, prioritize and complete tasks without direct oversight 10.A.1 Set and meet goals, even in the face of obstacles and competing pressures 10.A.2 Prioritize, plan and manage work to achieve the intended result FBLA—Accounting I, Business Math, Business Calculations Competitions



Standard/Unit: Complete the end of cycle activities for a merchandising business organized as a corporation.

Competencies Total Learning Hours for Unit: 10 8.1 Identify accounting concepts and practices related to adjusting and closing entries for a merchandising business organized as a corporation. 8.2 Record adjusting entries. 8.3 Record closing entries for income statement accounts. 8.4 Record closing entries for dividends. 8.5 Prepare a post-closing trial balance.











Reading COMMON CORE



RST5 Analyze how the text structures information or ideas into categories or hierarchies, demonstrating understanding of the information or ideas

Writing W2 Write informative/explanatory texts to examine and convey complex ideas, concepts, and information clearly and accurately through


COMMON CORE

the effective selection, organization, and analysis of content. a. Introduce a topic; organize complex ideas, concepts, and information so that each new element builds on that which

precedes it to create a unified whole; include formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension.






21st CENTURY SKILLS

Check those that students will demonstrate in this standard/unit:

LEARNING AND INNOVATION

Creativity and Innovation Think Creatively Work Creatively with Others Implement Innovations

Critical Thinking and Problem Solving Reason Effectively Use Systems Thinking Make Judgments and Decisions Solve Problems

Communication and Collaboration Communicate Clearly Collaborate with Others

INFORMATION, MEDIA AND TECHNOLOGY SKILLS

Information Literacy Access and /evaluate Information Use and Manage Information

Media Literacy Analyze Media Create Media Products

Information, Communications and Technology (ICT Literacy)

Apply Technology Effectively

LIFE AND CAREER SKILLS

Flexibility and Adaptability Adapt to Change Be Flexible

Initiative and Self-Direction Manage Goals and Time Work Independently Be Self-Directed Learners

Social and Cross-Cultural Interact Effectively with Others Work Effectively in Diverse Teams

Productivity and Accountability Manage Projects Produce Results

Leadership and Responsibility Guide and Lead Others Be Responsible to Others

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