Lesson Plan 5.4 – Simulation: An Accounting
Simulation Using Special Journals and Covering a
Publicly Held Merchandising Corporation
Course Title: Accounting II
Lesson Title: Simulation: An Accounting Simulation Using Special Journals
and Covering a Publicly Held Merchandising Corporation
Specific Objective: Apply principles and procedures learned in Units 1-5.
Performance Objectives:
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Analyze source documents;
Journalize business transactions in the appropriate journals;
Post transactions to the general ledger and subsidiary ledgers;
Write checks to pay bills;
Record weekly bank deposits;
Reconcile the bank statement;
Prepare a cash proof;
Prepare End-of-month schedules of accounts receivable and payable;
Prepare a work sheet;
Make necessary adjusting entries;
Prepare the income statement;
Prepare the statement of stockholders’ equity;
Prepare the balance sheet;
Make the closing entries;
Prepare the post-closing trial balance
Complete the Audit Test.
TEKS: 130.67.c:
2.G-I – complete a work sheet for a corporation; generate an income statement
for a corporation; develop a statement of equity for a corporation.
TAKS: R1, M1,M9, M10
Preparation
Materials Needed:
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Overhead projector
Glencoe’s Simulation Import Expressions.
Century 21’s Southgate Hardware.
Accounting software and spreadsheet and/or database software.
Sponge/Focus Activity:
Prepare a Word Scramble of terms from the unit. Use projection system or
overhead to show the Word Scramble to the class. Ask for responses and give
immediate feedback.
Lesson Plan 5.4 – Simulation:
An Accounting Simulation Using Special Journals and
Covering a Publicly Held Merchandising Corporation
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING II
Lesson Content:
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Use Glencoe’s Simulation Import Expressions, or Century 21’s Southgate
Hardware.
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Have students use the software you have utilized so far in this class. You can
create a check register in a spreadsheet or database.
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Students can prepare cash proofs and financial statements in a spreadsheet.
Teaching Strategies:
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Encourage your students to utilize any available accounting software.
Let your students work independently.
Assessment:
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Check your students’ work and let them make corrections.
Students take the Audit Test over the mini-simulation.
Students also prepare their portfolio with work samples from the class so far
that have been done on the computer.
o Have them include an example of each application learned so far. (See
Activity 5.4.1)
Additional Resources:
Textbooks:
Guerrieri, Donald J., F. Barry Haber, William B. Hoyt, and Robert E. Turner,
Glencoe Accounting Real-World Applications & Connections, Advanced
Course, Fourth Edition, Glencoe McGraw-Hill: New York, New York.
Ross, Kenton E., CPA, Mark W. Lehman, CPA, Claudia Bienias Gilbertson, CPA,
Robert D. Hanson, Century 21 Accounting Advanced, Anniversary Edition,
Thomson South-Western: Mason, OH, 2003.
Multimedia:
Century 21’s Teacher Resource CD
Websites:
http://accounting.swpco.com
Lesson Plan 5.4 – Simulation:
An Accounting Simulation Using Special Journals and
Covering a Publicly Held Merchandising Corporation
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING II
Activity 5.4.1 – Portfolio
Course Title: Accounting II
Session Title: Portfolio
Activity Purpose :
Review work completely and correct any problems in order to learn from
revisiting mistakes.
TEKS: 130.167.c.2:
G – complete a work sheet for a corporation;
H – generate an income statement for a corporation;
I – develop a statement of equity for a corporation;
J – produce a balance sheet for a corporation.
TAKS: W4, W5, W6
Preparation
Encourage students to be creative yet school appropriate.
Materials Needed:
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Computer with software used in course
Sheet protectors
Binder
Activity Outline:
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Students go through the work completed up to this point in the course.
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Have each student choose an example of each type of activity completed on
the computer to correct and place in their portfolio.
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Suggested items to include:
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Group Project from Unit 1: The Accounting Profession.
Unit 1 Mini-Simulation: J. Lloyd Enterprises.
Unit 2 Mini-Simulation: Touch of Country Gifts.
Unit 3 Mini-Simulation: Metro Sports World, Inc.
Unit 5 Mini-Simulation: Cloverleaf Computer Services, Inc. or
Whitehurst, Inc.
o Unit 5 Simulation: Import Expressions or Southgate Hardware
o Individual Project: Entry-Level Accounting Courses at Colleges and
Universities
o Student Evaluation of work completed so far: Written paragraph
about what they have learned so far in this course. Students also
discuss if they feel their learning and work has improved during this
course.
Activity 5.4.1 – Portfolio
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING II
Assessment:
Quality Feature
All items corrected and placed in order in
binder
Sheet Protectors
Divider pages for each Portfolio section
Student Evaluation typed and complete
Activity 5.4.1 – Portfolio
Score
30
20
20
30
Total 100
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING II