Campbellsport School District Understanding by Design (UbD) Template
Class Accounting 1
Curriculum/Content Area: Business Education Course Length: 1 semester
Course Title: Accounting 1
Date last reviewed: Jan 2015
Prerequisites:
Board approval date:
Desired Results:
Course description and purpose: Accounting is a core requirement for all business majors in
college. Get ahead of the game – take this class and earn college credit! CASH IN ON YOUR
FUTURE! Every business, from sports teams, restaurants, and rock bands all need accountants.
This course will provide the following: training for entry-level position out of high school; knowledge
for other business careers – computers, entrepreneurs, sales, financial managers and backers;
gains skill in payroll, banking, investments and budgeting. If you are majoring in business, you
should take this class.
Enduring Understandings (EUs):
1. Form a Foundation for Accounting
2. Interpret Accounting Vocabulary
3. Identify the steps of the accounting
cycle
4. Apply Accounting concepts to
everyday living
5. Apply Accounting concepts to
workplace environments.
Essential Questions (EQs):
1. What is needed to create a foundation
of accounting?
2. What is the necessary vocabulary
needed to have a basic understanding
of accounting?
3. What are the steps involved in
accounting cycle?
4. How can you apply accounting
concepts in your everyday living?
5. How do you think that you will be able
to apply these concepts in your future
workplaces?
Assessment Evidence
Performance assessments: Century 21
Accounting tests
Other assessments: Observation,
presentation, and reflection.
Unit Title Accounting for a service business organized as a sole proprietorship
A. Describe Starting a Proprietorship and changes that affect the accounting equations
B. Analyzing transactions into debit and credit parts
C. Journalizing transactions
D.
E.
F.
G.
Posting to the general ledger
Identify cash control systems
Creating a work sheet for a service business
Create Financial systems for a Proprietorship
H. Record adjusting and closing entries for a service business
I. Research current news items relating to business and the student
Standards (National Business Education Standards)
I. The Accounting Profession
Achievement Standard: Understand the role that accountants play in business and
society.
Achievement Standard: Describe career opportunities in the accounting profession.
Achievement Standard: Demonstrate the skills and competencies required to be
successful in the accounting profession and/or in an accounting-related career.
II. Financial Reports
Achievement Standard: Develop an understanding and working knowledge of an
annual report and financial statements.
III. Financial Analysis
Achievement Standard: Assess the financial condition and operating results of a
company and analyze and interpret financial statements and information to make
informed business decisions.
IV. Accounting Applications
Achievement Standard: Identify and describe generally accepted accounting
principles (GAAP), explain how the application of GAAP impacts the recording of
financial transactions, and the preparation of financial statements.
V. Accounting Process
Achievement Standard: Complete the steps in the accounting cycle in order to
prepare the financial statements.
VI. Interpretation and Use of Data
Achievement Standard: Use planning and control principles to evaluate the
performance of an organization and apply differential analysis and present-value
concepts to make decision.
VII. Compliance
Achievement Standard: Develop a working knowledge of individual income tax procedures
and requirements to comply with tax laws and regulations.
Learning Targets Addressed [“I can” statements (focus on skill-based vs. contentbased)]:
J.
K.
L.
M.
N.
O.
P.
I can describe Starting a Proprietorship and changes that affect the accounting equations
I can analyzing transactions into debit and credit parts
I can journalizing transactions
I can posting to the general ledger
I can identify cash control systems
I can creating a work sheet for a service business
I can create Financial systems for a Proprietorship
Q. I can record adjusting and closing entries for a service business
R. I can research current news items relating to business and the student
Unit Title: Accounting for a merchandising businesses organized as a corporation
A.
B.
C.
D.
E.
F.
G.
H.
I.
Describe the accounting for a merchandising business organized as a corporation
Journalizing purchasing and cash payments
Journalizing sales and cash receipts using special journals
Posting to general and subsidiary ledgers
Preparing payroll records
Preparing payroll taxes, and reports
Creating a worksheet for a merchandising business
Preparing the financial statements for a corporation
Record adjusting and closing entries for a corporation
Standards (Wisconsin Common Career Technical Standards)
I. The Accounting Profession
Achievement Standard: Understand the role that accountants play in business and
society.
Achievement Standard: Describe career opportunities in the accounting profession.
Achievement Standard: Demonstrate the skills and competencies required to be
successful in the accounting profession and/or in an accounting-related career.
II. Financial Reports
Achievement Standard: Develop an understanding and working knowledge of an
annual report and financial statements.
III. Financial Analysis
Achievement Standard: Assess the financial condition and operating results of a
company and analyze and interpret financial statements and information to make
informed business decisions.
IV. Accounting Applications
Achievement Standard: Identify and describe generally accepted accounting
principles (GAAP), explain how the application of GAAP impacts the recording of
financial transactions, and the preparation of financial statements.
V. Accounting Process
Achievement Standard: Complete the steps in the accounting cycle in order to
prepare the financial statements.
VI. Interpretation and Use of Data
Achievement Standard: Use planning and control principles to evaluate the
performance of an organization and apply differential analysis and present-value
concepts to make decision.
VII. Compliance
Achievement Standard: Develop a working knowledge of individual income tax procedures
and requirements to comply with tax laws and regulations.
Learning Targets Addressed [“I can” statements (focus on skill-based vs. contentbased)]:
1.
2.
3.
4.
5.
6.
I can describe the accounting for a merchandising business organized as a corporation
I can journalizing purchasing and cash payments
I can journalizing sales and cash receipts using special journals
I can posting to general and subsidiary ledgers
I can preparing payroll records
I can preparing payroll taxes, and reports
7. I can creating a worksheet for a merchandising business
8. I can preparing the financial statements for a corporation
9. I can record adjusting and closing entries for a corporation