Accounting Principles II
WVEIS 1403
This course provides students the opportunity to develop advanced knowledge of accounting procedures and techniques
utilizing both manual and computer-based accounting. There is a strong emphasis on problem solving, analysis, and
financial decision-making. Students study the advanced principles, concepts and practices of the accounting cycle and
partnerships, corporations, cost accounting, inventory, and tax accounting. Students will utilize problem-solving
techniques and participate in hands-on activities to develop an understanding of course concepts. Teachers should
provide each student with real world learning opportunities and instruction related to accounting occupations. Students are
encouraged to become active members of the student organizations FBLA or DECA. The West Virginia Standards for 21st
Century Learning include the following components: 21st Century Content Standards and 21st Century Learning Skills and
Technology Tools. All West Virginia teachers are responsible for classroom instruction that integrates learning skills,
technology tools, and content standards and objectives.
Grade 9-12
Standard: 1
BE.S.ACP2.1
Objectives
BE.O.ACP2.1.1
BE.O.ACP2.1.2
BE.O.ACP2.1.3
BE.O.ACP2.1.4
BE.O.ACP2.1.5
Accounting Principles II
Accounting Procedures
Student will demonstrate accounting procedures.
Students will
use accounting terminology.
implement ethical standards in the preparation of financial statements.
demonstrate characteristics of professional conduct.
use specialized accounting software, or spreadsheets, to maintain accounting procedures.
demonstrate competence in the structure and sequence of the accounting cycle utilizing manual and
automated systems.
BE.O.ACP2.1.6
analyze computer generated reports.
Performance Descriptors (BE.PD.ACP2.1)
Above Mastery
Mastery
Partial Mastery
The student demonstrates exceptional
The student demonstrates competent
The student demonstrates basic but
and exemplary performance with
and proficient performance and shows a inconsistent performance of
distinctive and sophisticated application thorough and effective application of
fundamental knowledge and skills
of knowledge and skill that exceed the
knowledge and skills that exceed the
characterized by errors and/or
standard in accounting procedures. The standard in accounting procedures. The omissions in accounting procedures.
student can communicate accounting
student can use accounting terminology; The student can understand accounting
terminology; incorporate ethical
implement ethical standards in the
terminology; interpret ethical standards
standards in the preparation of financial
statements; perform characteristics of
professional conduct; select specialized
accounting software, or spreadsheets,
to maintain accounting procedures;
demonstrate competence in the
structure and sequence of the
accounting cycle utilizing manual and
automated systems; and critique
computer generated reports. The
student can independently solve
problems and is self-directed.
Standard: 2
BE.S.ACP2.2
Objectives
BE.O.ACP2.2.1
BE.O.ACP2.2.2
BE.O.ACP2.2.3
BE.O.ACP2.2.4
BE.O.ACP2.2.5
BE.O.ACP2.2.6
BE.O.ACP2.2.7
BE.O.ACP2.2.8
BE.O.ACP2.2.9
BE.O.ACP2.2.10
BE.O.ACP2.2.11
BE.O.ACP2.2.12
BE.O.ACP2.2.13
BE.O.ACP2.2.14
BE.O.ACP2.2.15
BE.O.ACP2.2.16
preparation of financial statements;
in the preparation of financial
demonstrate characteristics of
statements; illustrate characteristics of
professional conduct; use specialized
professional conduct; select specialized
accounting software, or spreadsheets,
accounting software, or spreadsheets,
to maintain accounting procedures;
to maintain accounting procedures;
demonstrate competence in the
make sense of the structure and
structure and sequence of the
sequence of the accounting cycle
accounting cycle utilizing manual and
utilizing manual and automated
automated systems; and analyze
systems; and reviews computer
computer generated reports.
generated reports. Performance needs
Application of knowledge and skills is
further development and supervision.
thorough and effective, and the student
can work independently.
Accounting Procedures for Assets, Liabilities, and Equity
Student will implement accounting procedures for assets, liabilities, and equity.
Students will
analyze cash and accounts receivable transactions and record in appropriate journals.
compute inventories using various methods and record in appropriate journals.
establish concepts and practices related to accounting for plant assets.
compute and record depreciation of plant assets.
analyze plant and intangible asset transactions and record in appropriate journals.
analyze current liabilities transactions and record in appropriate journals.
analyze long term liabilities transactions and record in appropriate journals.
analyze investments and equity transactions for various forms of business ownership and record in
appropriate journals.
prepare financial and end-of-period statements.
analyze and interpret financial statements.
prepare accounts through adjusting and closing entries.
point out and record adjusting and reversing entries for accrued revenue and expenses.
complete account procedures for prepaid expenses and unearned revenue.
analyze, compute and record transactions related to uncollectible accounts.
manage the computations and recordings of transactions related to notes receivable and notes payable.
recognize the use of a cash flow statement.
Performance Descriptors (BE.PD.ACP2.2)
Above Mastery
Mastery
The student demonstrates exceptional
The student demonstrates competent
and exemplary performance with
and proficient performance and shows a
distinctive and sophisticated application thorough and effective application of
of knowledge and skill that exceed the
knowledge and skills that exceed the
standard in accounting procedures for
standard in accounting procedures for
assets, liabilities, and equity. The
assets, liabilities, and equity. The
student can analyze cash and accounts student can analyze cash and accounts
receivable transactions and records in
receivable transactions and record in
appropriate journals; compile
appropriate journals; compute
inventories using various methods and
inventories using various methods and
records in appropriate journals; choose
record in appropriate journals; establish
concepts and practices related to
concepts and practices related to
accounting for plant assets; compute
accounting for plant assets; compute
and record depreciation of plant assets; and record depreciation of plant assets;
analyze plant and intangible asset
analyze plant and intangible asset
transactions and records in appropriate
transactions and record in appropriate
journals; analyze current liabilities
journals; analyze current liabilities
transactions and records in appropriate
transactions and records in appropriate
journals; analyze long term liabilities
journals; analyze long term liabilities
transactions and record in appropriate
transactions and record in appropriate
journals; analyze investments and
journals; analyze investments and
equity transactions for various forms of
equity transactions for various forms of
business ownership and record in
business ownership and record in
appropriate journals; create financial
appropriate journals; prepare financial
and end-of-period statements; analyze
and end-of-period statements; analyze
and interpret financial statements;
and interpret financial statements;
compiles accounts through adjusting
prepare accounts through adjusting and
and closing entries; assess and record
closing entries; point out and records
adjusting and reversing entries for
adjusting and reversing entries for
accrued revenue and expenses;
accrued revenue and expenses;
conclude account procedures for
complete account procedures for
Partial Mastery
The student demonstrates basic but
inconsistent performance of
fundamental and skills characterized by
errors and/or omissions in accounting
procedures for assets, liabilities, and
equity. The student can identify cash
and accounts receivable transactions
and record in appropriate journals;
record inventories using various
methods and write in appropriate
journals; explain concepts and practices
related to accounting for plant assets;
compute and record depreciation of
plant assets; review plant and intangible
asset transactions and records in
appropriate journals; identify current
liabilities transactions and record in
appropriate journals; identify long term
liabilities transactions and record in
appropriate journals; review investments
and equity transactions for various
forms of business ownership and record
in appropriate journals; understand
financial and end-of-period statements;
review and interpret financial
statements; explain accounts through
adjusting and closing entries;
explain and record adjusting and
reversing entries for accrued revenue
and expenses; record account
procedures for prepaid expenses and
prepaid expenses and unearned
prepaid expenses and unearned
unearned revenue; review, compute,
revenue; analyze, compute, and record revenue; analyze, compute and record
and record transactions related to
transactions related to uncollectible
transactions related to uncollectible
uncollectible accounts; understand the
accounts; manage the computations
accounts; manage the computation and computations and recordings of
and recordings of transactions related to recording of transactions related to
transactions related to notes receivable
notes receivable and notes payable;
notes receivable and notes payable;
and notes payable; and understand the
and justify the use of a cash flow
and recognize the use of a cash flow
use of a cash flow statement.
statement. The student can
statement. Application of knowledge
Performance needs further development
independently solve problems and is
and skills is thorough and effective, and and supervision.
self-directed.
the student can work independently.
Standard: 3
Specialized Accounting Procedures
BE.S.ACP2.3
Student will utilize specialized accounting procedures.
Objectives
Students will
BE.O.ACP2.3.1
determine the reasons for departmental or branch accounting systems.
BE.O.ACP2.3.2
provide reasons for cost accounting procedures.
BE.O.ACP2.3.3
examine accounting issues faced by different types of industries such as services, manufacturing, and
distribution.
BE.O.ACP2.3.4
differentiate between the three basic types of businesses (services, merchandising and manufacturing).
BE.O.ACP2.3.5
distinguish the differences between sole proprietorships, partnerships, and corporations.
BE.O.ACP2.3.6
point out the accounting principles for not-for-profit and government entities.
BE.O.ACP2.3.7
demonstrate an understanding between personal and business taxation at various levels.
Performance Descriptors (BE.PD.ACP2.2)
Above Mastery
Mastery
Partial Mastery
The student demonstrates exceptional
The student demonstrates competent
The student demonstrates basic but
and exemplary performance with
and proficient performance and shows a inconsistent performance of fundamental
distinctive and sophisticated application thorough and effective application of
and skills characterized by errors and/or
of knowledge and skill that exceed the
knowledge and skills that exceed the
omissions in specialized accounting
standard in specialized accounting
standard in specialized accounting
procedures. The student can
procedures. The student can assess
procedures. The student can determine understands the reasons for
the reasons for departmental or branch
the reasons for departmental or branch
departmental or branch accounting
accounting systems; produce reasons
accounting systems; provide reasons for systems; cite reasons for cost
for cost accounting procedures;
cost accounting procedures; examine
accounting procedures; explain
anticipate accounting issues faced by
accounting issues faced by different
accounting issues faced by different
different types of industries such as
types of industries such as services,
types of industries such as services,
services, manufacturing, and
manufacturing, and distribution;
manufacturing, and distribution;
distribution; differentiate between the
differentiate between the three basic
differentiate between the three basic
three basic types of businesses
types of businesses (services,
types of businesses (services,
(services, merchandising and
merchandising and manufacturing);
merchandising and manufacturing);
manufacturing); differentiate the
distinguish the differences between sole define the differences between sole
differences between sole
proprietorships, partnerships, and
proprietorships, partnerships, and
proprietorships, partnerships, and
corporations; point out the accounting
corporations; explain the accounting
corporations; interpret the accounting
principles for not-for-profit and
principles for not-for-profit and
principles for not-for-profit and
government entities; and demonstrate
government entities; and interpret
government entities; and categorize
an understanding between personal and between personal and business taxation
personal and business taxation at
business taxation at various levels.
at various levels. Performance needs
various levels. The student can
Application of knowledge and skills is
further development and supervision.
independently solve problems and is
thorough and effective, and the student
self-directed.
can work independently.
Standard: 4
Participating in a Local Student Organization
BE.S.ACP2.4
Students will participate in a local student organization.
Objectives
Students will
BE.O.ACP2.4.1
assess the purposes and goals of the local student organization.
BE.O.ACP2.4.2
discover the benefits and responsibilities of participation in student organization as an adult.
BE.O.ACP2.4.3
demonstrate leadership skills through participation in student organization activities such as meetings,
programs, and projects.
Performance Descriptors (BE.PD.ACP2.4)
Above Mastery
Mastery
Partial Mastery
The student demonstrates exceptional
The student demonstrates competent
The student demonstrates basic but
and exemplary performance with
and proficient performance and shows a inconsistent performance of
distinctive and sophisticated application thorough and effective application of
fundamental knowledge and skills
of knowledge and skills that exceed the
knowledge and skills that meet the
characterized by errors and/or
standard in participating in the local
standard in participating in the student
omissions in participating in the student
student organization. The student can
organization. The student can assess
organization. The student can identify
assess the purposes and goals of a
the purposes and goals of the local
the purposes and goals of the local
local student organization; evaluate the
student organization; and discover the
student organization; explain the
benefits and responsibilities of
benefits and responsibilities of
benefits and responsibilities of
participation in a local student
organization as an adult; and
incorporate leadership skills through
participation in local student
organization activities such as meetings,
programs, and projects. The student can
independently solve problems and is
self-directed.
participation in a local student
participation in a local student
organization as an adult; and
organization as an adult; and discuss
demonstrate leadership skills through
leadership skills through participation in
participation in local student
local student organization activities such
organization activities such as meetings, as meetings, programs, and projects.
programs, and projects. Application of
Performance needs further development
knowledge and skills is thorough and
and supervision.
effective, and the student can work
independently.
Standard: 5
Literacy and Numeracy
BE.S.ACP2.5
Students will demonstrate the literacy and numeracy skills required to solve complex, real-world problems
associated with their career/technical content area and improve their thinking and reasoning skills.
Objectives
Students will
BE.O.ACP2.5.1
utilize a variety of technical sources (e.g., Internet, manuals, journals, directions, reports, etc.) to complete
career/technical assignments and projects.
BE.O.ACP2.5.2
demonstrate writing skills required to complete career/technical assignments and projects.
BE.O.ACP2.5.3
demonstrate accuracy in calculating and measuring graphical work required to complete career/technical
assignments and projects.
BE.O.ACP2.5.4
analyze tables, charts, graphs and multiple data sources to complete career/technical assignments and
projects.
Performance Descriptors (BE.PD.ACP2.5)
Above Mastery
Mastery
Partial Mastery
The student demonstrates exceptional
The student demonstrates competent
The student demonstrates basic but
and exemplary performance with
and proficient performance and shows
inconsistent performance of fundamental
distinctive and sophisticated application a thorough and effective application of
knowledge and skills characterized by
of knowledge and skills that exceed the
knowledge and skills that meet the
errors and/or omissions in literacy and
standard in literacy and numeracy. The
standard in literacy and numeracy. The numeracy. The student selects a variety
student chooses a variety of technical
student utilizes a variety of technical
of technical sources (e.g., Internet,
sources (e.g., Internet, manuals,
sources (e.g., Internet, manuals,
manuals, journals, directions, reports,
journals, directions, reports, etc.) to
journals, directions, reports, etc.) to
etc.) to complete career/technical
complete career/technical assignments
complete career/technical assignments assignments and projects; reproduces
and projects; performs writing skills
and projects; demonstrates writing skills writing skills required to complete
required to complete career/technical
required to complete career/technical
career/technical assignments and
assignments and projects;
communicates accuracy in calculating
and measuring graphical work required
to complete career/technical
assignments and projects; and
evaluates tables, charts, graphs and
multiple data sources to complete
career/technical assignments and
projects. The student can independently
solve problems and is self-directed.
assignments and projects;
projects; illustrates accuracy in
demonstrates accuracy in calculating
calculating and measuring graphical
and measuring graphical work required work required to complete
to complete career/technical
career/technical assignments and
assignments and projects; and
projects; and explains tables, charts,
analyzes tables, charts, graphs and
graphs and multiple data sources to
multiple data sources to complete
complete career/technical assignments
career/technical assignments and
and projects. Performance needs further
projects. Application of knowledge and
development and supervision.
skills is thorough and effective and the
student can work independently.
Standard: 6
21st Century Learning Skills
BE.PD.ACP2.6
The student will
 access and manipulate information for use in oral, written, or multimedia format using appropriate
technology skills.
 apply sound reasoning processes to solve complex real-world problems and develop new ideas.
 exhibit leadership and ethical behavior in planning and executing tasks, as an individual or a
group member.
Objectives
Students will
BE.O.ACP2.6.1
search online using a range of technology tools and media to access relevant information needed for
problem solving.
BE.O.ACP2.6.2
create information for oral, written, and multimedia communications, adhering to copyright laws.
BE.O.ACP2.6.3
engage in problem solving and critical thinking processes to create and evaluate complex strategies in
order to independently solve problems.
BE.O.ACP2.6.4
adapt to new situations by considering multiple perspectives and a commitment to continued learning.
BE.O.ACP2.6.5
exhibit ethical behavior and positive leadership while working collaboratively in the school and/or
community.
BE.O.ACP2.6.6
model legal and ethical behaviors in the use of technology.
Performance Descriptors (BE.PD.ACP2.6)
Above Mastery
Mastery
Partial Mastery
The student demonstrates exceptional
The student demonstrates competent
The student demonstrates basic but
and exemplary performance with
and proficient performance and shows
inconsistent performance of fundamental
distinctive and sophisticated application a thorough and effective application of
knowledge and skills characterized by
knowledge and skills that meet the
errors and/or omissions in 21st century
standard in 21st century learning skills.
learning skills. The student explains
The student searches online using a
online technology tools and media to
range of technology tools and media to access relevant information needed for
access relevant information needed for problem solving; identifies information for
problem solving; creates information for oral, written, and multimedia
oral, written, and multimedia
communications, adhering to copyright
communications, adhering to copyright
laws; discusses problem solving and
laws; engages in problem solving and
critical thinking processes to create and
critical thinking processes to create and evaluate complex strategies in order to
evaluate complex strategies in order to independently solve problems; discusses
independently solve problems; adapts
new situations by considering multiple
to new situations by considering
perspectives and a commitment to
multiple perspectives and a
continued learning; reviews ethical
commitment to continued learning;
behavior and positive leadership while
exhibits ethical behavior and positive
working collaboratively in the school
leadership while working collaboratively and/or community; and describes legal
in the school and/or community; and
and ethical behaviors in the use of
models legal and ethical behaviors in
technology. Performance needs further
the use of technology. Application of
development and supervision.
knowledge and skills is thorough and
effective and the student can work
independently.
Standard: 7
Entrepreneurship Skills
BE.PD.ACP2.7
Students will access the opportunities, concepts, processes, and personal traits/behaviors associated with
successful entrepreneurial performance.
Objectives
Students will
BE.O.ACP2.7.1
assess global trends in entrepreneurship that are related to their career/technical program.
BE.O.ACP2.7.2
determine entrepreneurial opportunities in venture creation related to their career/technical program.
BE.O.ACP2.7.3
examine desirable entrepreneurial personality traits.
Performance Descriptors (BE.PD.ACP2.7)
Above Mastery
Mastery
Partial Mastery
The student demonstrates exceptional
The student demonstrates competent
The student demonstrates basic but
of knowledge and skills that exceed the
standard in 21st century learning skills.
The student assesses online technology
tools and media to access relevant
information needed for problem solving;
critiques information for oral, written,
and multimedia communications,
adhering to copyright laws; integrates
problem solving and critical thinking
processes to create and evaluate
complex strategies in order to
independently solve problems; interprets
new situations by considering multiple
perspectives and a commitment to
continued learning; incorporates ethical
behavior and positive leadership while
working collaboratively in the school
and/or community; and reinforces legal
and ethical behaviors in the use of
technology. The student can
independently solve problems and is
self-directed.
and exemplary performance with
distinctive and sophisticated application
of knowledge and skills that exceed the
standard in entrepreneurship skills. The
student critiques global trends in
entrepreneurship that are related to their
career/technical program; evaluates
entrepreneurial opportunities in venture
creation related to their career/technical
program; and assesses desirable
entrepreneurial personality traits. The
student can independently solve
problems and is self-directed.
and proficient performance and shows
a thorough and effective application of
knowledge and skills that meet the
standard in entrepreneurship skills. The
student assesses global trends in
entrepreneurship that are related to
their career/technical program;
determines entrepreneurial
opportunities in venture creation related
to their career/technical program; and
examines desirable entrepreneurial
personality traits. Application of
knowledge and skills is thorough and
effective and the student can work
independently.
inconsistent performance of fundamental
knowledge and skills characterized by
errors and/or omissions in
entrepreneurship skills. The student lists
global trends in entrepreneurship that are
related to their career/technical program;
describes entrepreneurial opportunities
in venture creation related to their
career/technical program; and identifies
desirable entrepreneurial personality
traits. Performance needs further
development and supervision.