ADVANCED ACCOUNTING MAP- 2010
Content
(what students must
know)
Standards
Skills (what students must be
able to do)
Projects and assignments
Assessments
(evidence of student
learning)
September
Ch.1- Introduction to
Accounting
Ch.2- Analyzing
Transactions: The Accounting
Equation
A1.0, A1.2
LO1
Describe the purpose
of accounting.
LO2
Describe the
accounting process.
.
LO3
Define three types of
business ownership structures.
LO4
Classify different types
of businesses by activities.
LO5
Identify career
opportunities in accounting.
Resume
Prepare for internships
interview- workshop
October
Ch.3- The Double-Entry
Framework
Ch. 4- Journalizing and
posting transactions
A1.0, A1.2, A1.4,
LO1 Define the accounting
elements.
LO2 Construct the accounting
equation.
LO3 Analyze business
transactions.
LO4 Show the effects of
business transactions on the
accounting equation.
LO5
Prepare and describe
the purposes of a simple income
statement, statement of owner’s
equity, and balance sheet
LO5
Use T accounts to
analyze transactions.
LO6
Prepare a trial balance
and explain its purposes and
linkages with the financial
statements
1.
Explore career
accounting project
2. Workbook exercises
3. Study guide
Quizzes
Chapter tests
Self-assessment
November
Ch.4- continued
Ch.5- Adjusting entries and
the worksheet
December
Ch. 6- Financial statements
and the closing process
Ch.7- Accounting for cash
Business Ethics
A1.0, A1.2, A1.4
A1.0, A1.2, A1.4,
LO1
Describe and explain
the purpose of source
documents.
LO2
Journalize
transactions.
LO3
Post to the general
ledger and prepare a trial
balance.
LO4
Prepare end-of-period
adjustments.
LO5
Prepare a work sheet.
LO6
Describe methods for
finding errors on the work sheet.
LO7
Journalize adjusting
entries.
LO8
Post adjusting entries
to the general ledger.
LO9
Explain the cash,
modified cash, and accrual
bases of accounting.
LO1
Prepare financial
statements with the aid of a work
sheet.
LO2
Journalize and post
closing entries.
LO3
Prepare a post-closing
trial balance.
LO4
List and describe the
steps in the accounting cycle.
1. Workbook exercises
2. Study guide
Quizzes
Chapter tests
Self-assessment
Content Standards
A1.0 Students understand the basic principles and procedures of the accounting cycle:
A1.2 Examine, analyze, and categorize financial transactions.
A1.4 Prepare, analyze, and interpret financial statements for various business entities.
A2.0 Students understand and apply accounting principles and concept:
A2.1 Understand how to identify current and long-term assets and liabilities.
A2.2 Apply appropriate concepts and techniques to account for equity investments and withdrawals for sole proprietorships, partnerships and corporations.
A2.5 Use basic concepts of financial analysis to interpret financial statements.
A3.0 Students understand governing agencies and the typical development and structure of various business organizations and the risks and benefits of each.
A4.0 Students understand how basic principles of internal control systems relate to the accounting cycle.
LO5
Describe how to open
and use a checking account.
January
Ch.8- Payroll accounting
Employee earnings and
deductions
Ch.9- Payroll accounting :
Employer taxes and reports
A1.0, A1.2, A1.4,
LO2
Calculate employee
earnings and deductions.
LO3
Describe and prepare
payroll records.
LO4
Account for employee
earnings and deductions
LO5
Describe and calculate
employer payroll taxes.
LO6
Account for employer
payroll taxes expense.
LO7
Describe employer
reporting and payment
responsibilities.
LO6
Prepare a bank
reconciliation and related journal
entries.
LO7
Establish and use a
petty cash fund
Business Ethics project
1. Workbook exercises
2. Study guide
Quizzes
Chapter tests
Self-assessment
1. Workbook exercises
2. Study guide
Quizzes
Chapter tests
Self-assessment
A4.1 Understand a variety of internal control measures.
A4.2 Know cash management techniques
February
Content (what
the students must
know)
Theme
Grammar
Depreciation Methods
Statement of Cash Flows
Internal Controls
Standards
A1.0, A1.2, A1.4, A2.0, A.2.2,
A2.5, A3.0, A4.0, A4.1 A4.2
Skills (what students must be
able to do)
LO1
Describe merchandise
sales transactions.
LO2
Describe and use
merchandise sales accounts.
LO3
Describe and use the
accounts receivable ledger.
LO4
Prepare a schedule of
accounts receivable.
Projects and assignments
Assessments
(evidence of student
learning)
Content Standards
1. Workbook exercises
2. Study guide
Quizzes
Chapter tests
Self-assessment
Advanced Accounting Curriculum Map- 2010
March
April
Ch. 10- Accounting for Sales
Ch.13- Accounting for
and Cash Receipts
Merchandise Inventory
Ch.11- Accounting for
Perpetual Inventory Method:
Purchases and Cash Payments
LIFO and Moving-Average
Ch.12- Special Journals
Methods
A1.0, A1.2, A1.4, A2.0, A.2.2,
A2.5, A3.0, A4.0, A4.1 A4.2
LO1
Define merchandise
purchases transactions.
LO2
Describe and use
merchandise
purchases accounts
and compute gross
profit.
LO3
Describe and use the
accounts payable ledger.
LO4
Prepare a schedule of
accounts payable
LO5
Describe, explain the
purpose of, and
identify transactions
recorded in special
journals.
LO6
Describe and use the
sales journal.
LO7
Describe and use the
cash receipts journal.
LO8
Describe and use the
purchases journal.
LO9
Describe and use the
cash payments
journal.
1. Workbook exercises
2. Study guide
Quizzes
Chapter tests
Self-assessment
A1.0, A1.2, A1.4, A2.0, A.2.2,
A2.5, A3.0, A4.0, A4.1 A4.2
LO1
Explain the impact of
merchandise inventory on the
financial statements.
LO2
Describe the two
principal systems of
accounting for
merchandise
inventory—the
periodic system and
the perpetual system.
LO3
Compute the costs
allocated to the ending
inventory and cost of
goods sold using
different inventory
methods.
LO4
Estimate the ending
inventory and cost of goods sold
by using the gross profit and
retail inventory methods-
1. Workbook exercises
2. Study guide
Quizzes
Chapter tests
Self-assessment
May
Ch.14- Adjustments and the
Work Sheet for a
Merchandising Business
Ch.15- Financial Statements
and Year-End Accounting for a
Merchandising Business
A1.0, A1.2, A1.4, A2.0, A.2.2,
A2.5, A3.0, A4.0, A4.1 A4.2
LO1
Prepare an adjustment
for merchandise
inventory using the
periodic inventory
system.
LO2
Prepare an adjustment
for unearned revenue.
LO3
Prepare a work sheet
for a merchandising business.
June
Business simulation
A1.0, A1.2, A1.4, A2.0, A.2.2,
A2.5, A3.0, A4.0, A4.1 A4.2
Students will apply all
previous learning objectives
in a business simulation
LO4
Journalize adjusting
entries for a merchandising
business.
LO5
Prepare adjusting journal
entries under the perpetual
inventory system
LO1
Prepare a single-step
and multiple-step
income statement for
a merchandising
business.
LO2
Prepare a statement
of owner’s equity.
LO3
Prepare a classified
balance sheet.
LO4
Compute standard
financial ratios.
LO5
Prepare closing
entries for a merchandising
business.
LO6
Prepare reversing
entries
1. Workbook exercises
2. Study guide
Quizzes
Chapter tests
Self-assessment
Simulation
Quizzes
Chapter tests
Self-assessment
Simulation
Personal Portfolio
A1.0 Students understand the basic principles and procedures of the accounting cycle:
A1.2 Examine, analyze, and categorize financial transactions.
A1.4 Prepare, analyze, and interpret financial statements for various business entities.
A2.0 Students understand and apply accounting principles and concept:
A2.1 Understand how to identify current and long-term assets and liabilities.
A2.2 Apply appropriate concepts and techniques to account for equity investments and withdrawals for sole proprietorships, partnerships and corporations.
A2.5 Use basic concepts of financial analysis to interpret financial statements.
A3.0 Students understand governing agencies and the typical development and structure of various business organizations and the risks and benefits of each.
A4.0 Students understand how basic principles of internal control systems relate to the accounting cycle.