Accounting II
Course Description:
Students will understand and demonstrate their understanding of the working papers
and concepts of a corporation. They will use this knowledge for either post-secondary
education or personal success in the workplace. They will work with Special Journals
when completing the transactions. Working papers will be handed in at the
completion of the full chapter. They will be graded as one assignment.
Topics Covered:
Accounting
Accounting Papers related to Corporations, Automated
Prerequisites:
Accounting I
Length:
Year Course - 57-minute period
Grade Level:
11th & 12th Grade
Instructional Philosophy:
Students will be expected to complete all working papers with high quality
effort. Discussion of all material will be completed before assignments are
given. Some classroom problems will be completed together, with the majority of
work completed on their own. Timelines will be given on when work is to be
completed. Assessment will be working papers, quizzes, and tests over every chapter
with a semester test at the end of each semester. This is a year class.
Course Standards:
Indicator #1: Demonstrate advanced principles and procedures of the accounting cycle.
Bloom’s Taxonomy Level
Standard and Examples
Analyzing
A2.1.1 Categorize financial transactions for
a departmentalized accounting system.
Examples:
• Journalize and post purchases and sales
returns and allowances
• Calculate payroll records
• Calculate interim statement of gross profit
• Prepare departmental financial statements
Applying
A2.1.2 Apply accounting control system
procedures to maintain accurate records.
Examples:
• Prepare and maintain vouchers and
transactions in a voucher system
• Compare and contrast periodic and perpetual
inventory methods
• Determine the cost of inventory and apply
appropriate valuation methods
Indicator #2: Demonstrate advanced accounting adjustments.
Bloom’s Taxonomy Level
Standard and Examples
Applying
A2.2.1 Demonstrate the ability to handle
uncollectible accounts/bad debts.
Examples:
• Justify the need for writing off uncollectible
accounts/bad debts
• Explain the differences between the direct
write-off and allowance methods
• Journalize and post the adjusting entries for
collecting a previously written-off account
Applying
A2.2.2 Demonstrate the principles for plant
assets and depreciation of assets.
Examples:
• Prepare and maintain plant asset records
• Calculate and record depreciation using
multiple accepted methods
Analyzing
A2.2.3 Analyze the principles for notes
payable and notes receivable.
Examples:
• Analyze and record transactions for notes
payable
• Analyze and record transactions for notes
receivable
Analyzing
A2.2.4 Analyze the principles for
adjustments for accruals.
Examples:
• Explain the difference between prepaid and
accrued expenses
• Explain the difference between unearned
and accrued revenue
• Journalize and post adjusting entries
Indicator #3: Perform accounting functions specific to a corporation.
Bloom’s Taxonomy Level
Standard and Examples
Evaluating
A2.3.1 Examine the process of organizing,
paying dividends and acquiring additional
capital for a corporation.
Examples:
• Explain methods to account for the issuance
of stock
• Compute dividends payable on stocks
• Explain the reason for acquiring treasury stock
Analyzing
A2.3.2 Analyze financial statements for a
corporation.
Examples:
• Analyze a balance sheet for a corporation
• Complete a worksheet for a corporation
• Analyze an income statement for a
corporation
• Analyze a statement of equity and retained
earnings for a corporation
Major Assignments:
1. Chapter 18-26 Working Papers
2. Business Simulation-Blue Skies Outfitters
3. Reinforcement Activities (End of chapters 19 and 26)
4. Automated Accounting 7.0-Chapters 1-13
Instructional Delivery Plan:
Delivery Method: Instruction will consist of lecture, discussion, reading, problem
solving, and writing, Examples done together in class.
Student Work: Students will work independently on tests, quizzes, and
performance task. Student can work independently or in teams on working papers,
business simulations, or automated accounting.
Community Involvement: Guest speakers from accounting firms and the
community, if available, will be brought in throughout the course. Trips to career
fairs may be done during the year with me and/or the counselor.
Grading Scale:
A
100-94
Excellent Work, all assignments completed and shows
understanding of work
B
93-86
Good Work, all assignments completed and shows understanding
of work
C
85-78
Decent work, missing a few assignments and shows understanding
of most work, missing effort
D
77-70
Borderline Work, missing assignments and late assignments, basic
understanding of most work, lack of effort
F
69 and below
Minimal Effort, many missing assignments, understanding is below
basic, does not meet expectations.
Grading Distribution:
Students will be graded based on total points. Distribution will be as followed
(approximate):
45%
Chapters 18-26 Working
Papers
40%
Automated Accounting 7.0
10%
Business Simulation
5%
Reinforcement Activity
Chapter Descriptions:
Book-Century 21 Accounting
Chapter 18- Recording Purchases and Cash Payments Using Special Journals
Chapter 19- Recording Sales and Cash Receipts Using Special Journals
Reinforcement Activity-Part A
Chapter 20- Accounting For Uncollectible Accounts Receivable
Chapter 21- Accounting For Plant Assets and Depreciation
Chapter 22- Accounting For Inventory
Chapter 23- Accounting For Notes and Interest
Chapter 24- Accounting For Accrued Revenue and Expenses
Chapter 25- Distributing Dividends and Preparing A Work Sheet
Chapter 26- Financial Statements and End-Of-The-Fiscal-Period Entries For A
Corporation
Reinforcement Activity-Part B
Business Simulation
Automated Accounting 7.0-Southwestern
In these 6 weeks the students will be working with different automated
techniques. There are 3 assignments per chapter covering the chapter description. All
assignments will be auto graded at 100 points per assignment.
Chapter 1-13
Chapter 1 - Introduction
Chapter 2 - General Ledger-Service Business
Chapter 3 - General Ledger-End-of-the-Fiscal Period for a service business and bank
reconciliation
Chapter 4 - Purchases and Cash Payments
Chapter 5 - Sales and Cash Receipts
Chapter 6 - End of Fiscal Period for a partnership
Chapter 7 - Discounts, Debit Memorandums, and credit memorandums
Chapter 8 - Plant Assets
Chapter 9 - Corporations
Chapter 10 - Payroll
Chapter 11 - Inventory
Chapter 12 - Sales Order Processing
Chapter 13 - Accounting System Setup
Extra Help:
Students are required by policy to come in at 7:45 for extra help in a subject. There
are also days available after school for a student to come in for extra help. Contact me
and I'll work something out to find a time that works to help the student.