HONORS ACCOUNTING II · Chapter 2 - Recording Departmental Sales and Cash Receipts Departmental Sales on Account and Sales Returns and Allownaces Journalizing Cash Receipts Apply

NESHAMINY SCHOOL DISTRICT LANGHORNE, PENNSYLVANIA

Course Title

HONORS ACCOUNTING II

CURRICULUM MAP

Course/ Subject: Honors Accounting 2 Grades: 10, 11& 12

Month: September

ESSENTIAL QUESTIONS THAT THE COURSE CONTENT ANSWERS: Why is it essential for businesses to follow the accounting process?

How are financial statements used to assess the financial status of a business?

Student Learning

Standards/Indicators

Essential Content, Skills, Knowledge

Suggested Learning Activities

and Instructional Strategies

Standards: BCIT 15.1.12.C, 15.1.12.D, 15.1.12.E,

15.1.12.K

Chapter 1 - Recording Departmental

Purchases and Cash Payments

Using Accounting Principles and Records

Journalizing Purchases and Purchase Returns

Journalizing Cash Payments

Chapter 2 - Recording Departmental Sales

and Cash Receipts

Departmental Sales on Account and Sales

Returns and Allownaces

Journalizing Cash Receipts

Apply debit and credit rules when

analyzing and journalizing business

transactions for a departmentalized business

Explain the relationship beween the

accounting equation and accounting records

Explain the purpose of a departmental

accounting system

Journalize departmental purchases,

purchases returns and allowances and cash

payments

Journalize departmental sales on account

and sales returns and allowances

Explain the impact of sales discounts on the

collection of accounts receivable

Journalize departmental cash receipts

Classroom discussion initiated by teacher

Formal assessment of textbook accounting

problems – students complete using Google

Sheets

Visual evaluation of cooperative activities

among students

Formative assessments

Visual monitoring of classwork exercises.

End of chapter comprehensive recycle and

mastery problems

Formally graded summative assessment

(chapter test)

CURRICULUM MAP


Month: October/ November

Student Learning






15.1.12.F, 15.1.12.G, 15.1.12.L. 15.1.12.M, 15.1.12.Q,

15.1.12.S, 15.1.12.T

Chapter 3 - Calculating and Recording

Departmental Payroll Data

Completing Payroll Records for Employee

Earnings and Deductions

Recording a Payroll and Payroll Taxes

Chapter 4 - Financial Reporting for a

Departmentalized Business

Preparing Financial Information for a

Departmentalized Business

Responsibiltiiy Statements for a Merchandising

Business

Financial Statements for a Departmental

Merchandising Business

Identify the different types of compensation

that are paid by employers and the rationale

for different methods of compensating

employees

Calculate employee earnings

Prepare payroll reports

Journalize the payment of a payroll

Journalize the payment of payroll taxes

Identify the steps necessary to prepare for end-

of-period financial reporting

Journalize adjusting entries

Prepare an adjusted trial balance

Distinguish between direct and indirect expenses

of a departmentalized business

Prepare a departmental margin statement

Calculate and analyze vertical analysis ratios

Prepare financial statements

Complete end-of-period work (closing entries)




Sheets


among students




mastery problems


(chapter test)

CURRICULUM MAP


Month: November

Student Learning






15.1.12.F, 15.1.12.G, 15.1.12.K, 15.1.12.L. 15.1.12.M,

15.1.12.Q, 15.1.12.S, 15.1.12.T

Reinforcement Activity 1

This activity reinforces chapters 1 through 4.

The complete accounting cycle is for a

departmentalized merchandising business

organized as a corporation.

Recording transactions in special journals and a

general journal

Calculating and recording departmental payroll

data

Proving and ruling journals

Planning adjustments and completing a work

sheet

Preparing departmental margin statements

Preparing financial statements

Journalizing adjusting and closing entries


Formal assessment of assigned segments of the

reinforcement activity 1– students complete

using Google Sheets

Visual evaluation of collaboration among

students

Visual monitoring of project activity

Formally graded Reinforcement Activity 1

CURRICULUM MAP


Month: December

Student Learning






15.1.12.F, 15.1.12.G, 15.1.12.J, 15.1.12.K, 15.1.12.L,

15.1.12.T

Chapter 5 – Inventory Planning and

Valuation

Determining Merchandise Inventory

Quantities

Inventory Costing Methods

Estimating the Inventory

Chapter 6 – Accounting for Uncollectible

Accounts

Direct Write-Off Method of Recording

Uncollectible Accounts

Allowance Method of Recording Uncollectile

Accounts Expense

Financial Analysis of Accounts Receivable

Describe the importance of merchandise

inventory and its role in profitability

Account for the quantity of merchandise

inventory

Determine the cost of merchandise inventory

Determine the reported cost of merchandise

inventory

Estimate the cost of merchandise inventory

Calculate the inventory turnover ratio and days’

sales in inventory

Calculate and record uncollectible accounts

expense using the direct write-off method

Calculate and record estimated uncollectible

accounts expense using the allowance method

Write off an uncollectible account receivable

Account for the collection of an account

receivable that was written off

Calculate and analyze accounts receivable

turnover ratios




Sheets


among students




mastery problems


(chapter test)

CURRICULUM MAP


Month: January

Student Learning






15.1.12.F, 15.1.12.G, 15.1.12.H, 15.1.12.J, 15.1.12.K,

15.1.12.L, 15.1.12.M, 15.1.12.Q, 15.1.12.S, 15.1.12.T

Mid-Term Assessment

Chapters 1 through 6

Chapter 7 – Accounting for Plant Assets

Buying Plant Assets

Calculating and Journalizing Depreciation

Expense

Disposing of Plant Assets

Other Methods of Depreciation

Refer to essential content, skills, knowledge

entries from chapters 1 through 6

Journalize the purchase of plant assets

Calculate and record depreciation expense using

straight-line depreciation

Journalize the disposal of plant assets

Calculate depreciation expense using the

declining-balance depreciation method

Calculate depreciation expense using the units-

of-production method

A segment of chapter problems will be

reviewed. Concepts will be identified and

reinforced with problem applications. Students

have access to all problems and notes through

Canvas. Review material will also be

reinforced with cooperative activites.

Summative assessment will be formally graded.


Formal assessment of textbook accounting problems –

students complete using Google Sheets.

Visual evaluation of cooperative activities among

students



End of chapter comprehensive recycle and mastery

problems

Formally graded summative assessment (chapter test)

CURRICULUM MAP


Month: February

Student Learning






15.1.12.F, 15.1.12.G, 15.1.12.K, 15.1.12.L, 15.1.12.O

Chapter 8 - Accounting for Notes Payable,

Prepaid Expenses, and Accrued Expenses

Notes Payable

Prepaid Expenses

Accrued Epenses

Chapter 9 – Accounting for Unearned

Revenue, Accrued Revenue, and Installment

Notes Receivable

Unearned and Accrued Revenue

Accounting for Gift Cards

Accounting for Installment Notes Receivable

Journalize transactions for notes payable

Journalize adjusting and reversing entries for

prepaid expenses

Compare and acontrast prepaid expense

accounting procedures

Journalize adjusting and reversing entries for

accrued expenses

Describe and illustrate the adjusting and

reversing entries for unearned revenue

Describe and illustrate the adjusting and

reversing entries for accrued revenue

Journalize transactions for gift cards

Journalize transactions for installment notes

receivable

Describe and illustrate the reclassification and

reversing entries for installment notes receivable




Sheets


among students




mastery problems


(chapter test)

CURRICULUM MAP


Month: March

Student Learning





Standards: BCIT 15.1.12.D, 15.1.12.E, 15.1.12.F,

15.1.12.G, 15.1.12.H, 15.1.12.J, 15.1.12.K, 15.1.12.L,

15.1.12.P, 15.1.12.Q, 15.1.12.T

Reinforcement Activity 2

This activity reinforces chapters 5 through 9 by

processing accounting data for a corporation..

Simulation

This web-based accounting simulation models

an automated accounting system. Lessons

reinforce the entire accounting cycle and

introduce students to forensic accounting.

Students work independently to obtain

simulation objectives through financial

reporting activities.

Journalize transactions in special journals and a

general journal

Journalize adjusting entries for uncollectible

accounts expense

Calculate merchandise inventory

Journalize adjusting entries for expense

accounts, gift cards, interest revenue earned and

installments on notes receivables

Accounting methods are reinforced through an automated

simulation for journalizing, posting, completing a

worksheet, and analyzing financial statements. Forensic

accounting is introduced.



reinforcement activity 2– students complete using Google

Sheets

Visual evaluation of collaboration among students


Formally graded Reinforcement Activity 2



accounting simulation

Visual evaluation of collaboration among students


CURRICULUM MAP


Month: April

Student Learning






15.1.12.F, 15.1.12.G, 15.1.12.I, 15.1.12.L, 15.1.12.M,

15.1.12.N, 15.1.12.P, 15.1.12.Q, 15.1.12.S, 15.1.12.T

Chapter 10 – Organizing a Corporation

Starting a Corporation

Accounting for Preferred Stock

Describe the process for forming a corporation

Describe the two basic kinds of stock

Identify advantages and disadvantages of the

corporate form of business

Record the issuances of par-value, no-par-value,

and stated-value common stock

Record the issuance of preferred stock

Explain how to account for convertible preferred

stock


Formal assessment of textbook accounting problems –

students complet using Google Sheets

Visual evaluation of cooperative activities among

students



End of chapter comprehensive recycle and mastery

problems

Formally graded summative assessment (chapter test)

CURRICULUM MAP


Month: May

Student Learning






15.1.12.F, 15.1.12.G, 15.1.12.I, 15.1.12.L, 15.1.12.N

Chapter 11 - Corporate Dividends and

Treasury Stock

Calculating and Journalizing Dividends for a

Corporation

Treasury Stock Transactions

Purchasing and Selling Capital Stock of Other

Corporations

Chapter 12 – Accounting for Bonds

Bonds Payable Transactions

Paying Interest on Bonds

Bond Investments

Account for the declaration and payment of a

cash dividend

Account for the declaration and payment of a

stock dividend

Explain why a corporation would purchase its

own stock

Journalize entries for buying and selling treasury

stock

Journalize transactions for the purchase and sale

of the capital stock of other corporations

Explain why and how a corporation issues bonds

Journalize the issue of bonds at a discount and at

a premium

Account for the payment of bond interest

Journalize the retiring of a bond issue

Journalize the purchase and sale of an

investment in bonds




Sheets


among students




mastery problems


(chapter test)

CURRICULUM MAP


Month: June

Student Learning





Standards: BCIT 15.1.12.C, 15.1.12.D, 15.1.12.F,

15.1.12.G, 15.1.12.H, 15.1.12.I, 15.1.12.K, 15.1.12.L,

15.1.12.N,15.1.12.O, 15.1.12.Q, 15.1.12.T

Final Exam –

Chapters 7 through 12

Refer to essential content, skills,

problems and transaction entries from

chapters 7 through 12

A segment of chapter problems will be

reviewed. Concepts will be identified and

reinforced with problem applications. Students

have access to all problems and notes through

Canvas. Review material will also be

reinforced with cooperative activites.

Summative assessment will be formally graded.

Common Core Standards Cross Referenced with Accounting

Accounting 2

Grades 10 – 12 PA Common Core Academic Standards for Reading in Science and Technology

Key Ideas and Details:

CC.3.5.11-12.C

Follow precisely a complex multistep procedure when carrying out experiments, taking measurements, or performing

technical tasks; analyze the specific results based on explanations in the text.

Application:

Students by analysis of the data apply multistep procedure when recording entries to maintain a balanced general ledger.

Grades 10 – 12 PA Common Core Academic Standards for Writing in Science and Technical Subjects

Production and Distribution of Writing:

CC.3.6.9-10.C

CC.3.6.11-12.C

Produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose and

audience.

Application:

Students will write a critical response to real world questions linked to the content of the specific chapter.

Transfer Tasks for Accounting

Students will complete two Reinforcement Activities that require the financial reporting of business activities for a corporation for one month.

Accounting 2

This is an authentic assessment which is realistic, has rigor and is relevant to the study of basic accounting.

Advanced Accounting South-Western Textbook, Reinforcement Activities 1 and 2

Business, Computer and Information Technology Standards - 15.1 ACCOUNTING

15.1.12.A Summarize professional designations, careers, and organizations within the field of accounting, including education and certifications.

15.1.12.B Analyze the roles of policy-setting bodies in the accounting profession, (AIPCA), (PICPA), (GAAP) and the (SEC).

15.1.12.C Analyze business transactions using T-accounts to determine their impact on a business.

15.1.12.D Analyze, journalize, and post transactions to general & subsidiary ledgers.

15.1.12.E Perform accounting functions using technology as a tool.

15.5.12.F Analyze and journalize transactions for short and long-term assets.

15.1.12.G Analyze and journalize transactions involving short and long-term liabilities.

15.1.12.H Identify, calculate, and record depreciation, depletion and amortization; explain their effect on the financial statements.

15.1.12.I Differentiate between and journalize entries for issuance or repurchase of stock and the declaration and payment of dividends.

15.1.12.J Analyze the various methods for maintaining and valuing inventory (FIFO), LIFO, etc.) and describe their effect on financial statements.

15.1.12.K Describe, calculate, and journalize the sales and cost of sales including purchases, transportation costs, sales taxes, and trade discounts.

15.1.12.L Describe and explain the criteria used to determine expenses and journalize the expense transactions.

15.1.12.M Analyze and calculate gross pay and net pay, including regular and overtime wages, commission, and piece rate.

15.1.12.N Explain how the different forms of business ownership and business operations are reported on financial statements.

15.1.12.O Compare and contrast the accrual basis and the cash basis of accounting; assess the impact of each on the financial statements.

15.1.12.P Analyze and perform the reconciliation of accounts

15.1.12.Q Prepare financial statements (including a balance sheet, profit & loss and owner’s equity) and understand their relevance.

15.1.12.R Explain the primary areas of analysis (trends, profitability, liquidity, capital structure) and the information that can be obtained from each.

15.1.12.S Analyze and perform a horizontal and vertical analysis of the income statement and balance sheet.

15.1.12.T Assess profitability, liquidity, and solvency by calculating and interpreting financial ratios.

15.1.12.U Assess capital structure by calculating and interpreting financial ratios.

15.1.12.V Analyze the use of industry averages in assessing the financial condition, operating results, profitability, liquidity, and capital structure.

15.1.12.W Analyze business activities using cash flow statements.

15.1.12.X Analyze and perform breakeven and cost benefit analyses to support financial decisions.

15.1.12.Y Determine and calculate taxable income and tax liability for both personal and business taxes.

15.1.12.Z Demonstrate an auditing procedure that provides assurance that financial records are accurate.

ENDURING UNDERSTANDING: Accounting represents formal record keeping in the business sector. It ensures that businesses can keep track of what they earn,

manage input and outflow of monies, and evaluate how they spend and invest.

Documents

HONORS ACCOUNTING II · Chapter 2 - Recording Departmental Sales and Cash Receipts Departmental Sales on Account and Sales Returns and Allownaces Journalizing Cash Receipts Apply