Download Accounting II Scope and Sequence

Accounting II– Scope and Sequence - Year at a Glance
Accounting II- First Semester – South Western – Century 21 Accounting
Three Weeks
1st 3 weeks
2nd 3 weeks
3rd 3 weeks
4th 3 weeks
5th 3 weeks
6th 3 weeks
Topics/
Concepts
Recording Purchases
Cash Payments
Using Special Journals
Recording Sales and
Cash Receipts Using
Special Journals
Accounting for
Plant Assets and
Depreciation
Accounting for
Inventory
Accounting for
Notes and Interest
Accounting for
Accrued Revenue
And Expenses
Accounting for
Uncollectible
Accounts Receivable
Resource:
Century 21
Accounting
Ch 18
Ch 19, Ch 20
Ch 21
Ch 22
Ch 23
Ch 24
Teks—1B, 1C, 2A, 2D,
2E,2F, 5C,
Teks—1B, 1D, 2C, 4A, 4B,
4C,4H, 5A, 5B , 5C
Teks—1B, 4D, 4E, 4F,
4G,
Teks—1B, 5C, 7E, 1F,
Teks—1B, 3J, 3K, 5A,
5B,
Teks—1A, 1B, 1C, 1D,
1E, 1F, 1G, 1H, 1I, 1J,
1K, 2A, 2B, 2C, 2D, 2E,
2F, 3J, 3K, 4A, 4B, 4C,
4D, 4E, 4F, 4G, 4H, 5A,
5B, 5C
Accounting II- Second Semester – South Western – Century 21 Accounting
Three Weeks
7th 3 weeks
8th 3 weeks
9th 3 weeks
10th 3 weeks
11th 3 weeks
12th3 weeks
Distributing Dividends
And Preparing a
Work Sheet
Financial Statements
And End-of-Fiscal
Period Entries for a
Corporation
How the Program
Works
Sales and Cash
Receipts
Corporations
Topics/
Concepts
Automated
Accounting 8
General LedgerService Business
End-of Fiscal
Period
Payroll
End-of Fiscal
Period
Discounts and
Memorandums
Accounts Payable
Purchases and
Cash Payments
Plant Assets
Accounts
Receivable
Resource:
Century 21
Accounting/
Automated 8
Ch 25
Ch 26
Ch 1-4
Ch 5-8
Ch 9-12
Applications
Teks—1A, 1B, 1C, 2A, 2B,
2C, 2G, 2I, 2K, 3A, 3D, 3E,
5A, 5B, 5C
Teks—2D, 2E, 2F, 2H, 2I,
2N, 3A, 3D, 3E, 4B, 4C, 5B,
5C, 5D
Teks—1A,1C, 2A, 2G,
5A, 5B, 5C, 5D
Teks—1A, 1C, 2H, 2J, 3A,
3B, 3C, 5B, 5C, 5D
Teks— 1A, 1B, 1C, 2B,
2C, 2D, 2E, 2F, 2H, 2I,
2J, 2K, 3E,, 5B, 5C, 5D
Teks—5A, 5B, 5C, 5D
Recording Purchases Cash Payments Using Special Journals: Approximate Time: 3 Weeks (1st 3 weeks)
Objectives/concepts
TEKS
Topics (not in sequential order)
All of these objectives are
addressed throughout the
topics.
Students will understand
accounting concepts
related to purchases and
cash payments.
South-Western:
Century 21
Accounting
1B
1C
Students will analyze and
record expenses and
purchases using a cash
payments journal.
Students will analyze and
record petty cash and post
using a cash payments
journal.
Students will analyze and
record transactions and
post using a general
journal.
Recording purchases, trade discounts, and
purchases discounts on account using a
purchases journal
1B
1C
Students will understand
accounting practices
related to purchases and
cash payments.
Students will analyze and
record purchases on
account and post using a
purchases journal.
Suggested
Resources
2A
2D
2E
2F
Recording expenses and purchases, trade
discounts, and purchases discount using a
contra accounts and cash payments journal
ELOs
The student analyzes forms
of business organizations.
The student applies the
basic accounting concepts
to perform advanced
accounting procedures.
The student applies
accounting knowledge
when making business
decisions.
The student identifies and
researches career
opportunities in
accounting.
Journalizing petty cash and posting using a
cash payments journal
5C
5C
Chpt. 18
Assess.
Recording transactions involving purchases
returns and allowances using a general journal
The student employs
productivity skills as they
apply to accounting.
TAKS
Obj.
NA
Recording Sales and Cash Receipts Using Special Journals: Approximate Time: 3 weeks (2nd 3 Weeks)
Objectives/concepts
TEKS
All of these objectives are
addressed throughout the
topics.
1B
1D
Students will understand
accounting concepts
related to cash receipts
and sales.
2C
Students will understand
accounting practices
related to cash receipts and
sales.
4A
4B
4C
4H
Students will analyze and
record transactions and
post, using a cash
payments journal.
Students will analyze and
record transactions for
international sales.
Journalizing and posting cash sales and sales on
account using a sales journal
Suggested
Resources
Proving and ruling a sales journal
SouthWestern:
Century 21
Accounting
Journalizing and posting a cash payments journal
Chapter 19
Journalizing cash and credit card sales
Chapter 20
Calculating and journalizing cash receipts on
account with a sales discount
Proving and ruling a cash receipts journal
Students will analyze and
record sales on account
and post, using a sales
journal.
Students will analyze and
record cash receipts and
post, using a cash receipts
journal.
Topics (not in sequential order)
Assess.
ELOs
The student analyzes
forms of business
organizations.
The student applies
the basic accounting
concepts to perform
advanced accounting
procedures.
The student applies
accounting
knowledge when
making business
decisions.
Creating a sales memorandum
Journalizing sales returns and allowances
Order of posting from special journals
Processing an international sale
5A
5B
5C
Journalizing an international sale
Journalizing time drafts
Journalizing cash receipts from time drafts
The student identifies
and researches career
opportunities in
accounting.
The student employs
productivity skills as
they apply to
accounting.
TAKS
Obj.
NA
Recording Sales and Cash Receipts Using Special Journals: Approximate Time: 3 weeks (2nd 3 Weeks) (Cont.)
Objectives/concepts
TEKS
All of these objectives are
addressed throughout the
topics.
Students will understand
accounting concepts
related to cash receipts
and sales.
Students will understand
accounting practices
related to cash receipts and
sales.
Students will analyze and
record sales on account
and post, using a sales
journal.
Students will analyze and
record cash receipts and
post, using a cash receipts
journal.
Students will analyze and
record transactions and
post, using a cash
payments journal.
Students will analyze and
record transactions for
international sales.
1B
1D
Topics (not in sequential order)
Allowance method of recording losses
from uncollectible accounts
South-Western:
Century21 Accounting
Calculating estimated uncollectible
accounts expenses
Chapter 19
Chapter 20
Journalizing adjustments for uncollectible
accounts
2C
Posting an adjusting entry for
uncollectible accounts
Journalizing writing off an uncollectible
account receivable
4A
4B
4C
4H
Reopening an account previously written
off
Recording cash received for an account
previously written off
5A
5B
5C
Suggested
Resources
Posting entries for collecting a written-off
receivable
Assess.
ELOs
The student analyzes
forms of business
organizations.
The student applies
the basic accounting
concepts to perform
advanced accounting
procedures.
The student applies
accounting
knowledge when
making business
decisions.
The student identifies
and researches career
opportunities in
accounting.
The student employs
productivity skills as
they apply to
accounting.
TAKS
Obj.
NA
Accounting for Plant Assets and Depreciation: Approximate Time: 3 Weeks (3rd 3 weeks)
Objectives/concepts
TEKS
Topics (not in sequential order)
All of these objectives are
addressed throughout the
topics.
Students will understand plant
assets, depreciation, and
property tax expense and
related terms.
South Western:
Century 21 Accounting
1B
Buying plant assets and paying property tax.
4D
Students will record the
buying of a plant asset and the
paying of the property tax.
4E
Students will prepare plant
asset records and journalize
annual depreciation expense.
Student will record entries
related to disposing of plant
assets.
Students will calculate
depreciation expense using the
double declining-balance
method.
Analyzing financial information for “health” clues.
Understanding categories of assets.
Students will identify and
analyze accounting concepts
and practices related to
accounting for plant assets,
depreciation, and property tax
expense.
Students will calculate the
depreciation expense and book
value using the straight-line
depreciation method.
Suggested Resources
Conceptualizing the matching of expenses to
revenue
Calculating depreciation expense using straightline and double declining balance methods
Journalizing depreciation expense
ELOs
The student analyzes
forms of business
organizations.
Chapter 21
The student applies the
basic accounting
concepts to perform
advanced accounting
procedures.
The student applies
accounting knowledge
when making business
decisions.
The student identifies
and researches career
opportunities in
accounting.
The student employs
productivity skills as
they apply to accounting.
4F
4G
Assess.
Disposing of plant assets
TAKS
Obj.
NA
Accounting for Inventory: Approximate Time 3 Weeks (4th 3 weeks)
Objectives/concepts
TEKS
Topics (not in sequential order)
All of these objectives are addressed
throughout the topics.
Accounting careers: auditing
Students will understand accounting
terms related to inventory.
Students will identify and understand
accounting concepts related to
inventory.
Students will prepare a stock record.
Students will determine the cost of
inventory using the fifo, lifo, and
weighted-average costing methods.
Students will estimate the cost of
merchandise inventory using the gross
profit method of estimating inventory.
Suggested
Resources
South Western:
Century 21
Accounting
Determining the quantity of
merchandise inventory
Chapter 22
1B
Assess.
ELOs
The student analyzes forms of
business organizations.
The student applies the basic
accounting concepts to perform
advanced accounting procedures.
Creating and maintaining stock records
5C
Determining the cost of merchandise
inventory
Comparison of inventory methods
7E
Estimating inventory
The student applies accounting
knowledge when making business
decisions.
The student identifies and
researches career opportunities in
accounting.
The student employs productivity
skills as they apply to accounting.
7F
TAKS
Obj.
NA
Accounting for Notes and Interest : Approximate Time: 3 Weeks (5th 3 weeks)
Objectives/concepts
TEKS
All of these objectives are
addressed throughout the topics.
Students will understand accounting
concepts related to notes and interest.
Students will understand accounting
practices related to notes and interest.
Students will calculate interest and
maturity dates for notes.
Students will analyze and record
transactions for notes payable.
Students will analyze and record
transactions for notes receivable.
Topics (not in sequential order)
Understanding when lending and
borrowing are necessary
1B
Understanding the use of promissory
notes
3J
Calculating interest on promissory
notes
3K
Calculating maturity value and
maturity dates on promissory notes
Journalizing signing a note payable
5A
Journalizing paying interest and
principal on a note payable
5B
Journalizing signing a note payable for
an extension of time
Journalizing paying a note payable
issued for an extension of time on
account
Journalizing accepting a note
receivable from a customer
Journalizing collecting interest and
principle on a note payable
Journalizing a dishonored note
receivable
Suggested
Resources
South
Western:
Century 21
Accounting
Chapter 23
Assess.
ELOs
TAKS
Obj.
The student analyzes forms of business
organizations.
NA
The student applies the basic accounting
concepts to perform advanced accounting
procedures.
The student applies accounting knowledge
when making business decisions.
The student identifies and researches
career opportunities in accounting.
The student employs productivity skills as
they apply to accounting.
Accounting for Accrued Revenue And Expenses: Approximate Time: 3 weeks (6th 3 Weeks)
Objectives/concepts
TEKS
All of these objectives are addressed
throughout the topics
Students will understand accounting
concepts related to accrued revenue
and accrued expenses.
Students will understand accounting
practices related to accrued revenue
and accrued expenses.
Students will analyze and record
adjusting, closing, and reversing
entries for accrual revenue.
Students will analyze and record
adjusting, closing, and reversing
entries for accrual expenses.
1A
1B
1C
1D
1E
1F
1G
1H
1I
1J
1K
2A
2B
2C
2D
2E
2F
3J
3K
4A
4B
4C
4D
4E
4F
4G
4H
5A
5B
5C
Topics (not in sequential order)
Suggested
Resources
Understand the concept of accrual
accounting and accounting cycle
South
Western:
Century 21
Accounting
Accounting for interest an the end
of the year
Assess.
ELOs
The student analyzes forms of business
organizations.
The student applies the basic accounting
concepts to perform advanced accounting
procedures.
Chapter 24
Creating adjustments for accrued
interest income
The student applies accounting knowledge
when making business decisions.
Creating the closing entry for
accrued interest income
The student identifies and researches career
opportunities in accounting.
Creating a reversing entry for
accrued interest income
The student employs productivity skills as
they apply to accounting.
Collecting a note receivable issued
in a previous fiscal period
Creating adjustments for accrued
interest expense
Creating the closing entry for
accrued interest expense
Creating a reversing entry for
accrued interest expense
Paying a note payable signed in a
previous fiscal period
Analyzing the effect of not using
reversing entries
TAKS
Obj.
NA
Distributing Dividends And Preparing a Work Sheet: Approximate Time: 3 weeks (7th 3 weeks)
Objectives/concepts
TEKS
All of these objectives are
addressed throughout the topics.
Students will understand
accounting concepts related to
distributing dividends and
preparing a work sheet for a
merchandising business
organized as a corporation.
Students will understand
accounting practices related to
distributing dividends and
preparing a work sheet for a
merchandising business
organized as a corporation.
Students will analyze and
journalize the declaration and
payment of a dividend for a
merchandising business
organized as a corporation.
Students will develop plans for
end-of-year adjustments.
Students will calculate federal
income tax, plan an adjustment
for federal income tax expense,
and complete a work sheet.
1A
1B
1C
Topics (not in sequential order)
Suggested Resources
Accounting for a corporation
South Western:
Century 21 Accounting
Understanding stockholders’ equity
accounts used by a corporation
Understanding the declaration of a
dividend
Distributing the dividend through
payment to stockholders
2A
2B
2C
2G
2I
2K
3A
3D
3E
5A
5B
5C
Preparing adjustments for:
Interest income
Uncollectible accounts expense
Merchandise inventory
Supplies
Prepaid insurance
Depreciation expense
Interest expense
Preparing adjustments for federal
income tax expense
Calculating federal income tax
expense
Completing a work sheet
Chapter 25
Assess.
ELOs
The student analyzes forms
of business organizations.
The student applies the
basic accounting concepts
to perform advanced
accounting procedures.
The student applies
accounting knowledge
when making business
decisions.
The student identifies and
researches career
opportunities in
accounting.
The student employs
productivity skills as they
apply to accounting.
TAKS
Obj.
NA
Financial Statements And End-of-Fiscal Period Entries for a Corporation: Approximate Time: 3 Weeks (8th 3 weeks)
Objectives/concepts
TEKS
Topics (not in sequential order)
All of these objectives are addressed
throughout the topics.
Students will understand accounting
concepts related to financial
statements for a merchandising
business organized as a corporation.
Students will understand accounting
practices related to financial
statements for a merchandising
business organized as a corporation.
Students will prepare and analyze an
income statement for a
merchandising business organized
as a corporation.
Students will prepare a statement of
stockholders’ equity for a
merchandising business organized
as a corporation.
Students will prepare and analyze an
balance sheet for a merchandising
business organized as a corporation.
Students will record adjusting,
closing, and reversing entries for a
merchandising business organized
as a corporation.
Analyzing and preparing an income
statement for a corporation
2D
2E
2F
2H
2I
2N
4B
4C
Analyzing and preparing a balance
sheet for a corporation
Calculating working capital and the
current ratio
Recording adjusting and closing
entries for a corporation
Comparing closing entries for debit
and credit balance accounts
5B
5C
5D
South Western:
Century 21 Accounting
Chapter 26
Analyzing and preparing the capital
stock section of the statement of
stockholders’ equity
Analyzing and preparing the retained
earnings section of the statement of
stockholders’ equity
3A
3D
3E
Suggested Resources
Creating closing entry to record net
income
Creating closing for dividends
Creating reversing entries
Analyzing the accounting cycle for a
merchandising business organized as a
corporation
Assess.
ELOs
The student analyzes
forms of business
organizations.
The student applies the
basic accounting
concepts to perform
advanced accounting
procedures.
The student applies
accounting knowledge
when making business
decisions.
The student identifies
and researches career
opportunities in
accounting.
The student employs
productivity skills as
they apply to accounting.
TAKS
Obj.
NA
Introduction to Automated 8 and Accounting for a Service Business: Approximate Time: 3 Weeks (9th 3 weeks)
Objectives/concepts
TEKS
Topics (not in sequential order)
All of these objectives are addressed
throughout the topics.
Students will understand accounting
concepts related to the accounting
cycle of a service business.
South Western:
Century21 Accounting
1A
1C
Students will disaggregate entries in
given automated systems and
compare to manual systems.
Students will generate financial
statements for a service business
from an automated system.
Students will compare two
automated accounting systems for
performance and utility.
Translating manual records to an
automated system
Analyzing journal entries and posting
to a general ledger for a service
business
Students will identify the role of an
auditor in the accounting system.
Students will synthesize accounting
concepts to automated systems.
Suggested Resources
2A
2G
5A
5B
5C
5D
Recording purchases and cash
payments utilizing an automated
system
Analyzing and comparing end-ofperiod adjusting and closing entries for
a service business
Analyze uses of automated systems for
service businesses
Automated 8
Chapters 1 – 4
Assess.
ELOs
The student analyzes forms
of business organizations.
The student applies the basic
accounting concepts to
perform advanced accounting
procedures.
Peachtree
The student applies
accounting knowledge when
making business decisions.
The student identifies and
researches career
opportunities in accounting.
The student employs
productivity skills as they
apply to accounting.
TAKS
Obj.
NA
Automated 8 and Accounting for a Merchandising Business: Approximate Time: 3 Weeks (10th 3 weeks)
Objectives/concepts
TEKS
Topics (not in sequential order)
All of these objectives are addressed
throughout the topics.
Students will understand the
accounting concepts related to the
accounting cycle of a merchandising
business.
Students will identify the accounting
concepts related to the use of an
automated accounting system for a
merchandising business.
Students will analyze and record
sales discounts and memorandums
using an automated system.
Students will generate financial
statements for a merchandising
business using an automated system.
Assess.
ELOs
South Western:
Century 21 Accounting
1A
1C
Analyzing and recording sales and cash
receipts for a merchandising business
Automated 8
Chapters 5 – 8
2H
2J
Analyzing and comparing end-of -fiscal
period adjusting and closing entries for
a merchandising business
Peachtree
3A
3B
3C
Students will compare the utility of
manual depreciation schedules to
automatically generated schedules.
Students will analyze and record
sales and cash receipts using an
automated system.
Suggested Resources
5B
5C
5D
Microsoft Excel
The student analyzes forms
of business organizations.
The student applies the basic
accounting concepts to
perform advanced
accounting procedures.
Analyzing and recording sales
discounts and memorandums for a
merchandising business
The student applies
accounting knowledge when
making business decisions.
Comparing depreciation schedules for
plant assets utilizing a manual system
and an automated system
The student identifies and
researches career
opportunities in accounting.
Creating a modified spreadsheet using
Excel to schedule depreciation for plant
assets
The student employs
productivity skills as they
apply to accounting.
Evaluating financial statement
production using an automated system
TAKS
Obj.
NA
Automated 8 and Accounting for a Corporation: Approximate Time: 3 weeks (11th 3 Weeks)
Objectives/concepts
TEKS
Topics (not in sequential order)
All of these objectives are
addressed throughout the
topics.
Students will understand
accounting concepts related to
automated payroll records.
Suggested Resources
South Western:
Century 21 Accounting
1A
1B
1C
Recording payroll information and
employee earnings record using an
automated system
Automated 8
Chapters 9 – 12
Assess.
ELOs
The student analyzes forms
of business organizations.
The student applies the basic
accounting concepts to
perform advanced accounting
procedures.
Peachtree
Students will identify
accounting practices related to
automated payroll records.
Students will complete a payroll
register and an employee
earnings record using an
automated system .
Students will create an
automated check register and
write checks.
Students will journalize and post
transactions for payments on
account and the receipt of cash
on account.
Students will disaggregate the
financial statements of a
corporation.
2B
2C
2D
2E
2F
2H
2I
2J
2K
3E
5B
5C
5D
Preparing a payroll register using an
automated system
Preparing and writing checks using an
automated system
Journalizing and posting to the ledger
payment of payroll using an automated
system
Analyzing and recording accounts
payable and payments on account using
an automated system
Analyzing and recording accounts
receivable and receipt of cash on account
using an automated system
Analyzing and comparing the financial
statements of a corporation
The student applies
accounting knowledge when
making business decisions.
The student identifies and
researches career
opportunities in accounting.
The student employs
productivity skills as they
apply to accounting.
TAKS
Obj.
NA
Development and Application of an Automated System: Approximate Time: 3 weeks (12th 3 Weeks)
Objectives/concepts
TEKS
Topics (not in sequential order)
All of these objectives are
addressed throughout the
topics.
Students will develop an
accounting system to
produce end-of-period
entries for a corporation.
Students will create and
prepare a work sheet for a
corporation using an
automated system.
Students will prepare an
income statement, statement
of stockholders’ equity, and
balance sheet for a
corporation using an
automated system.
Students will create and
journalize adjusting,
closing, and reversing
entries for a corporation
using an automated system.
Students will plan and
journalize reversing entries
for accruals for a
corporation using an
automated system.
Suggested Resources
South Western:
Century 21 Accounting
Peachtree Accounting
5A
5B
5C
5D
Planning and creating an accounting
system
Preparing trial balances from general
ledger
Planning adjusting entries
Preparing an income statement
Preparing a statement of stockholders’
equity
Preparing a balance sheet
Creating closing entries
Creating reversing entries for accruals
Journalizing reversals
Analyzing system for errors
Determine most appropriate methods for
depreciation
Compare inventory methods for most
accurate and accepted
Assess.
ELOs
The student analyzes
forms of business
organizations.
The student applies the
basic accounting
concepts to perform
advanced accounting
procedures.
The student applies
accounting knowledge
when making business
decisions.
The student identifies
and researches career
opportunities in
accounting.
The student employs
productivity skills as
they apply to accounting.
TAKS
Obj.
NA