Course Description: This two-semester course will take the student though the basic accounting cycle in the first semester and will progress in the second from the more advanced areas of payroll accounting and partnership.  Emphasis is also placed on analyzing financial statements and management decision-making activities. During the fourth quarter, students will complete accounting using technology in automated accounting. Students not preparing for a career in the business world will benefit from the many personal use activities.

Level:

10-12 grade

Credit:

1 credit

Length:

2 semesters

Dual Credit

ACCT V120 Bookkeeping for Business

Program:

Business Education

Prerequisite:

Sophomore Standing Preferred

Career Cluster Area:

Business and Services

Tech Prep

yes    

Occupational Skills Standards/Sources of Supporting Elements:

ABE Occupational Standards NBEA Accounting in Business Education

Eligibility for Nationally Recognized Skill Certificate(s)/State License:

None known at this time.

Course Outline :

·        Accounting Concepts

• Accounting for a Proprietorship
• Accounting for a Partnership

• Accounting for a Corporation
• Automated Accounting
• Using the Calculator & Computer Keypad
• Accounting Careers

Alaska Content

Standards

Alaska Performance

Standards

Grade Level Expectations

Performance Standards

(Learner Outcomes)

Assessment

Alaska Employability

Standards

Occupational Skills

Standards

Alaska Cultural

Standards

All Aspects of

Industry

LA.A.4

W4.3

(10)4.3.2

1. Define and demonstrate a working knowledge of the basic accounting cycle.

Paper test, Simulation, Automated Accounting Program

A2

ABE A1 L3-4

Technical

M.A3,6

M.E.1

T.A.2

M.B2.4.3

(10)

E & C-2,3

2. Demonstrate an understanding of the fundamental accounting equation.

Paper test, Simulation, Automated Accounting Program

A2

ABE A1 L3-4

Technical

M.A3,6

M.E.1

T.A.2

M.B2.4.3

(10)

E & C-2,3

3. Demonstrate an understanding of the double entry system of accounting and apply debit and credit rules when analyzing business transactions.

Paper test, Simulation, Automated Accounting Program

A2

ABE A1 L3-4

Technical

LA.A.4

M.A3,6

M.E.1

T.A.2

W4.3

(10)4.3.2

4. Explain the purpose and difference between a journal, and ledger account, and demonstrate an understanding of the process of journaling, posting, closing entries, and preparing balance sheets.

Paper test, Simulation, Automated Accounting Program

A2

ABE A1 L3-4

Technical

M.A3,6

M.E.1

T.A.2

W4.3

M.B 2.4.3

(10)4.3.2

E & C 2,3

5. Set up and operate a combination of journal and subsidiary ledgers.

Paper test, Simulation,

A2

ABE A11 L3-4

Technical

M.A3,6

M.E.1

T.A.2

M.B2.4.3

(10)

E & C-2,3

6. Formulate business decisions about converting from manual to automated systems, processing the chart of accounts, and use of the journal entry transmittal form.

Automated Accounting Program

A2

ABE AI L3-4

Technical

M.A3,6

M.E.1

T.A.2

M.B2.4.3

(10)

E & C-2,3

7. Determine payroll income tax withholdings, and prepare payroll records including the recording and posting of payroll transactions.

Paper test, Simulation

A2

ABE A1V LB3-4

Planning

M.A3,6

M.E.1

T.A.2

M.B2.4.3

(10)

E & C-2,3

8. Work within the accounting cycle utilizing special journals.

Paper test, Simulation,

A2

ABE AI L3-4

Finance

M.A3,6

M.E.1

T.A.2

M.B2.4.3

(10)

E & C-2,3

9. Demonstrate the correct accounting procedures for sales tax, bad debts and depreciation.

Paper test, Simulation, Automated Accounting Program

A2

ABE AI L3-4

Finance

M.A3,6

M.E.1

T.A.2

M.B2.4.3

(10)

E & C-2,3

10. Demonstrate the use of spreadsheets for use in the accounting field.

Simulation, Automated Accounting Program

A2

ABE AI1 L3-4

Finance

M.B1

M.A.6

M.B2.4.3

(10)

E & C-2,3

11. Determine the effects of business transactions on the basic accounting equation.

Paper test, Daily Assignment

A2

ABE A1 L3-4

Technical

LA.4

W4.3

(10)4.3.. 1 & 2

12. Describe how individuals make ethical business decisions.

Paper test, Daily Assignment

A1

B3

Personal Work Habits

LA.4

T.A.2

W4.3

(10)4.3.. 1 & 2

13. Describe how communication skills are important in reporting accounting information.

Paper test, Daily Assignment

A2

E7

Community  Issues

M.A3,6

M.B.1

M.E.1

T.A.2

M.B2.4.3

(10)

E & C-2,3

14. Demonstrate the use of computerized accounting following the basic principles of accounting cycles.

Automated Accounting Program

A2

ABE AI L3-4

Finance

LA.A.4

LA.D1a
G.G.5
T.E.5

W4.3

(10)4.3.. 1 & 2

15. Identify career opportunities in the accounting field.

CAT

E6
D6

A.5
B.2.5

All