Download Accounting 3-4 Course Description

CENTENNIAL HIGH SCHOOL
ACCOUNTING 3-4
COURSE DESCRIPTION
Accounting 3-4 is an advanced course and will continue from work in Accounting
1-2. More advanced accounting concepts will be taught including cash flow
statements, inventory valuation, depreciation, accruals and deferrals. Long term
projects on the computer will enhance the learning process.
Teacher:
Mr. Gregg Holstrom
E-mail:
[email protected]
Office Hours: 7:00 am – 7:30 am or 2:30 pm – 3:00 pm
Accounting Concepts
Will be covered throughout all chapters.
Performance Indicators:
BAPB03.02.01.00 Understand basic financial laws and regulations as applied to
financial and accounting practices.
Math Concepts
Math will be covered throughout all chapters. Math lessons included where appropriate.
Performance Indicators:
Literacy Concepts
Instruction will be included relating to literacy goals established for CTE students.
Performance Indicators:
Writing Concepts
Writing instruction will be given and assessed by having students write report relating to
the Accounting field. (State scoring guide used)
Performance Indicators:
Chapter 1 – Recording Departmental Purchases and Cash Payments
Chapter Objectives:
 Journalize and post departmental purchases and purchases returns.
 Journalize and post departmental cash payments.
Performance Indicators:
BAPB01.01.02.00 Calculate and enter data for a given situation on appropriate forms or
reports.
BAPB05.02.02.01 Journalize transactions in appropriate journals.
BAPB05.02.02.02 Post from journals to ledgers.
Chapter 2 – Recording Deparmental Sales and Cash Receipts
Chapter Objectives:
 Journalize and post departmental sales on account and sales returns and
allowances
 Journalize and post departmental cash receipts.
Performance Indicators:
BAPB01.01.02.00 Calculate and enter data for a given situation on appropriate forms or
reports.
BAPB05.02.02.01 Journalize transactions in appropriate journals.
BAPB05.02.02.02 Post from journals to ledgers.
Chapter 4 – Financial Reporting for a Departmentalized Business
Chapter Objectives:
 Distinguish between direct and indirect expenses.
 Prepare an interim departmental statement of gross profit.
 Prepare a work sheet for a departmentalized merchandising business.
 Prepare financial statements for a departmentalized merchandising business.
 Analyze financial statements using selected component percentages.
 Complete end-of-period work for a departmentalized merchandising business.
Performance Indicators:
BAPB05.03.01.00 Assemble appropriate accounting elements to prepare financial
statements.
BAPB04.01.01.00 Understand the purpose of financial statements.
BAPB05.03.01.02 Prepare an income statement.
BAPB04.01.01.01 Describe the different types of financial statements.
BAPB04.01.01.03 Compare the differences in financial statements.
BAPB04.01.02.00 Analyze financial statements to verify information.
BAPB05.02.02.04 Journalize and post adjusting and closing entries.
Chapter 6 – Inventory Planning and Valuation
Chapter Objectives:
 Describe the nature of merchandise inventory.
 Determine the cost of merchandise inventory using selected costing methods.
 Estimate the cost of merchandise inventory using selected estimating methods.

Calculate merchandise inventory turnover ratio and average number of days’ sales
in merchandise inventory.
Performance Indicators:
BAPB01.01.01.02 Identify appropriate calculation methods for each situation.
BAPB01.01.01.03 Perform correct calculations for each situation.
BAPB01.01.03.00 Re-check computations in written documents for accuracy and
quality.
BAPB01.01.03.02 Use appropriate calculation methods to re-check results.
Chapter 7 – Accounting for Uncollectible Accounts
Chapter Objectives:
 Calculate and record uncollectible accounts expense using the direct write-off
method.
 Calculate and record estimated uncollectible accounts expense using the
allowance method.
 Calculate and analyze accounts receivable turnover ratios.
Performance Indicators:
BAPB01.01.01.02 Identify appropriate calculation methods for each situation.
BAPB01.01.01.03 Perform correct calculations for each situation.
BAPB01.01.03.00 Re-check computations in written documents for accuracy and
quality.
BAPB01.01.03.02 Use appropriate calculation methods to re-check results.
Chapter 8 – Accounting for Plant Assets
Chapter Objectives:
 Journalize entries for buying plant assets.
 Calculate and record property tax expense.
 Calculate and record depreciation expense for a plant asset using straight-line
depreciation.
 Journalize entries for disposing of plant assets.
 Calculate depreciation expense using other methods.
Performance Indicators:
BAPB05.01.01.00 Evaluate assets and liabilities to show their functions in an accounting
system.
BAPB05.02.02.01 Journalize transactions in appropriate journals.
BAPB01.01.01.02 Identify appropriate calculation methods for each situation.
BAPB01.01.01.03 Perform correct calculations for each situation.
Chapter 9 – Accounting for Notes Payable, Prepaid Expenses, and Accrued
Expenses
Chapter Objectives:
 Journalize transactions for notes payable.
 Journalize adjusting and reversing entries for prepaid expenses initially recorded
as expenses.
 Journalize adjusting and reversing entries for accrued expenses.
Performance Indicators:
BAPB05.02.02.01 Journalize transactions in appropriate journals.
BAPB05.02.02.04 Journalize and post adjusting and closing entries.
Chapter 10 – Accounting for Notes Receivable, Unearned Revenue, and Accrued
Revenue
Chapter Objectives:
 Journalize transactions for notes receivable.
 Journalize adjusting and reversing entries for unearned revenue initially recorded
as revenue.
 Journalize adjusting and reversing entries for accrued revenue.
Performance Indicators:
BAPB05.02.02.01 Journalize transactions in appropriate journals.
BAPB05.02.02.04 Journalize and post adjusting and closing entries.
Chapter 11 – Organizing a Corporation and Paying Dividends
Chapter Objectives:
 Journalize transactions related to starting a corporation.
 Journalize transactions related to stock subscriptions.
 Prepare a balance sheet for a newly formed corporation.
 Calculate dividends for a corporation.
 Journalize transactions of a corporation related to declaring and paying dividends.
Performance Indicators:
BAPB05.02.02.01 Journalize transactions in appropriate journals.
BAPB01.01.01.02 Identify appropriate calculation methods for each situation.
BAPB01.01.01.03 Perform correct calculations for each situation.
BAPB05.03.01.01 Prepare a balance sheet.
Chapter 12 – Acquiring Additional Capital for a Corporation
Chapter Objectives:
 Journalize entries for issuing additional capital stock.
 Journalize entries for buying and selling treasury stock.

Journalize entries for bonds payable.
Performance Indicators:
BAPB05.02.02.01 Journalize transactions in appropriate journals.
Chapter 13 – Financial Analysis and Reporting for a Corporation
Chapter Objectives:
 Prepare a work sheet for a corporation.
 Calculate federal income tax for a corporation.
 Prepare and analyze financial statements for a corporation.
 Prepare selected end-of-fiscal-period work for a corporation.
Performance Indicators:
BAPB04.01.01.03 Compare the differences in financial statements.
BAPB04.01.02.00 Analyze financial statements to verify information.
BAPB05.03.01.00 Assemble appropriate accounting elements to prepare financial
statements.
BAPB04.01.01.00 Understand the purpose of financial statements.
BAPB05.03.01.02 Prepare an income statement.
BAPB04.01.01.01 Describe the different types of financial statements.
BAPB01.01.01.02 Identify appropriate calculation methods for each situation.
BAPB01.01.01.03 Perform correct calculations for each situation.
BAPB05.02.02.04 Journalize and post adjusting and closing entries.
Chapter 18 – Statement of Cash Flows
Chapter Objectives:
 Describe operating, investing, and financing activities and provide examples of
each.
 Prepare the operating activities section of a statement of cash flows.
 Prepare the investing activities and financing activities sections of a statement of
cash flows.
 Prepare a statement of cash flows.
Performance Indicators:
BAPB05.03.01.03 Prepare a cash flow statement.
BAPB04.01.02.01 Identify critical data.