Month

Content/Topic

Skills

Assessment

Standards

September

Chapter 1 - Starting a Proprietorship

What is Accounting

Accounting Equation is basic to the mastery of accounting

Define accounting terms related to starting a business

Classification of accounts as assets, liabilities and owners equity

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Understand the relationship between the elements of accounting.

Daily assignments.

Chapter tests.

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

October

Chapter 2 - Starting a Proprietorship:  Changes that affect Owners Equity

Concepts introduced are used throughout accounting course

Analyze transactions affecting owner’s equity in the accounting equation

Preparation of a Balance Sheet

Concept of Business Revenue introduced.

Chapter 3 – Analyzing Transactions into Debit and Credit parts.

.Use ‘T’ accounts to analyze transactions showing what accounts are debited and credited for each transaction.

Analyze how transactions affect owners equity account.

Define terms related to changes that affect owners equity.

Identify accounting concepts and practices relating to owners  equity.

Analyze transactions affecting owners equity.

Define accounting terms related to analyze transactions into debit and credit parts.

Record transaction

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests.

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

October

Chapter 4 – Journalizing Transactions

Introduction of source documents.

Multicolumn journal and journalizing process.

Chapter 5 –Posting to a General Ledger

Analyze procedures for posting from a journal to the general ledger.

Arrange accounts in a general ledger, preparing a chart of accounts, and opening accounts.

Define accounting terms relating to journalizing transactions.

Identify accounting concepts and practices related to journalizing transactions

Record entries in a five column journal transactions to set up a business.

Define accounting terms relating to posting from a journal to ledger accounts.

Identify accounting concepts and practices related to posting transactions.

Prepare a chart of accounts.

Post separate and total from journals.

Analyze correcting entries.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests.

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

November

Chapter 6 – Cash Control Systems

Describes cash control systems for a Sole Proprietorship.

Checking accounts, writing checks, and bank reconciliation statements.

Petty cash procedures introduced.

Chapter 7 – Work Sheet for a Service Business

Introduction of the 8-column worksheet.

Adjusting entries completed in order to complete the worksheet.

Two adjusting entries are introduced:  Supplies and Prepaid insurance.

Define accounting terms relating to using a check account and petty cash fund.

Prepare business papers related to using a checking account.

Reconcile a bank statement.

Journal entries for dishonored check.

Establish and replenish a petty cash fund.

Define accounting terms relating to a worksheet for a service business.

Prepare a heading and trial balance on a work sheet.

Record adjustments for supplies and prepaid insurance.

Complete a work sheet for a service business.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests.

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

Chapter 8 – Financial Statements for a Proprietorship

Preparation of a income statement and a balance sheet for a proprietorship.

Financial statement analysis of a balance sheet and income statement in introduced.

Chapter 9 – Recording Adjusting and Closing Entries for a Service Business

Introduction of Adjusting and Closing Entries for a proprietorship.

Post – closing trail balance is introduced and presented.

Define accounting terms relating to financial statements for a service business organized as a proprietorship.

Identify accounting concepts and practices relating to financial statements.

Prepare an income statement and a balance sheet for a service business.

Define accounting terms relating to adjusting and closing entries.

Identify accounting concepts and practices relating to adjusting and closing entries.

Record adjusting and closing entries for a business organized as a proprietorship.

Prepare a post – closing trial balance.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

December

Chapter 10 – Journalizing Purchases and Cash Payments

Review previously learned skills of how to journalize and post transactions when buying on account and cash transactions.

Consistent wording and descriptions when Purchasing merchandise and buying supplies and relationship to increasing and decreasing account balances.

Chapter 11 – Journalizing Sales and Cash Receipts.

Point out that students have already learned how to journalize cash sales, sales on account and cash receipts.

Learn difference between a sale made by a service business and a merchandising business.

Define accounting terms as they relate to purchases and cash payment transactions.

Identify accounting concepts and practices related to purchases and cash payments.

Journalize transactions for purchase of merchandise and cash payments.

Define accounting terms as they relate to sales and cash receipts transactions.

Identify accounting concepts and practices related to sales and cash receipts.

Journalize transactions for sales and cash receipts for a merchandising business.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

January

Chapter 12 – Posting to General and Subsidiary Ledgers

Review previously learned posting procedures.

Identity difference between the posting previously learned to one ledger.

Procedures for posting to two subsidiary ledgers – accounts payable and accounts receivable.

Chapter 13 – Preparing Payroll Records

Introduce topic of payroll.

Steps involved in preparing a payroll and payroll checks.

Prepare associated payroll records and documents.

Define accounting terms relating to posting to ledgers.

Identify accounting practices related to posting ledgers.

Post to a general ledger.

Post to accounts payable and accounts receivable ledger.

Verity accuracy of posting.

Define accounting terms related to payroll.

Complete a payroll time card.

Calculate payroll taxes.

Compete a payroll register and employee earnings record.

Prepare payroll checks.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

February

Chapter 14 – Payroll Accounting, Taxes and Reports.

Identify various individuals and agencies that need business payroll information.

Recording all payroll information in individual and business payroll accounts.

Define accounting terms related to payroll accounting, taxes and reports.

Identify accounting concepts relating to business payrolls.

Analyze payroll transactions and record a payroll.

Record employer taxes.

Prepare selected payroll tax reports.

Pay and record withholding and payroll taxes.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

March

Chapter 15 – Worksheet for a Merchandising Business.

Identify the differences between the work sheet prepared for a merchandising business and a sole proprietorship

The work sheet is a planning form to assist in preparing financial forms

Chapter 16 – Financial Statements for a Partnership

Emphasize the difference between financial statements for a proprietorship and a merchandising business.

-The need to account for merchandise.

- Accounting and reporting for multiple owners

Define accounting terms related to a work sheet for a merchandising business.

Identify accounting concepts and practices related to a work sheet.

Prepare a work sheet, plan adjustments and complete a worksheet for a merchandising business.

Define accounting terms related to financial statements for a merchandising business as a partnership.

Identify accounting concepts and practices related to financial statements for a merchandising business as a partnership

Prepare and income statement, distribution of net income, and a balance sheet.

Analyze financial statements.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

April

Chapter 17 – Recording Adjusting and Closing Entries for a Partnership

Identify difference between previous adjusting and closing entries and those of a merchandising business.

End of fiscal period entries will change the general ledger account balances.

Bring general ledger accounts up to date.

Closing entries to prepare the general ledger for the next fiscal period.

Define accounting terms related to adjusting and closing entries for a merchandising business as a partnership.

Record adjusting entries.

Record closing entries for income statement accounts, net income or loss and drawing accounts.

Prepare a post-closing trial balance.

Trouble shoot student problems with identifying asset, liabilities and owners equity.

Check solutions to independent practice assignments.

Daily assignments.

Chapter tests

C.BS.1

C.BS.3

C.BS.4

C.BS.5

C.BS.7

E.BS.6

E.BS.7

B.BS.17

May

June