1 of 8 8/11/2014 11:20 AM Units: Teacher: Accounting, CORE Course: Accounting Year: 2012-13 Accounting Activities for a Service Business owned by a Sole Proprietor Other standards 2.4.G 2.5.G Content Skills Vocabulary 15.1.12.C - Accounting Analyze business transactions using T- to determine their impact on a business. 15.1.12.D - Accounting Analyze, ize, and post transactions to general & CC.2.1.HS.F.2 - Number and Quantity ~ Apply properties of rational and irrational numbers to solve real world or mathematical CC.2.2.HS.D.5 - Algebra ~ Use polynomial identities to solve CC.2.2.HS.D.9 - Algebra ~ Use reasoning to solve equations and justify the CC.1.2.11-12.F - Craft Vocabulary ~ Evaluate how words and phrases shape meaning and tone in texts. Chapter 1 - Starting a Proprietorship Chapter 2 - Analyzing Transactions into Debit and Credit Parts Chapter 3 - Transactions in a General Journal The Accounting Equation How transactions change owner's equity in an equation Using T Analyzing transactions and how they affect Using source documents to ize transactions Proving and ruling a system records financial statement service business proprietorship asset equities liability owner's equity equation ethics business ethics transaction account account title account balance capital revenue sale on account expense withdrawals T account debit credit normal balance chart of izing special amount column general amount column entry double-entry source document check invoice sales invoice receipt memorandum proving cash I can use the Accounting Equation I can identify how transactions change owner's equity in an equation I can use T I can analyze transactions and how they affect I can use source documents to ize transactions I can prove and rule a Accounting Mastery Problem 3-6 Accounting (R) Study Guides-K/MC 9/30/2012 Workbooks-K/MC 9/30/2012 Chapter Tests-K/MC 9/30/2012 9/30/2012 Vocabulary Acquisition and Use ~ Acquire and use accurately general academic and domain-specific phrases, sufficient for reading, writing, speaking, and listening at the college and career Vocabulary Acquisition and Use ~ Determine or clarify the meaning of unknown and multiple-meaning phrases based on grade level reading and content, choosing flexibly from a range of strategies and tools. Accounting for a Service Business Organized as a Proprietorship

2 of 8 8/11/2014 11:20 AM 15.1.12.C - Accounting business transactions using T- to determine their impact on a business., ize, and post transactions to general & mathematical Chapter 4 - Posting to a General Ledger Chapter 5 - Cash Control Systems Prepare chart Posting from a to a general Complete forms Make correcting entries Checking Bank reconciliations Dishonored checks and electronic banking Petty Cash general account number file maintenance opening an account posting correcting entry code of conduct checking account endorsement blank endorsement special endorsement restrictive endorsement postdated check bank statement dishonored check electronic funds transfer debit card petty cash petty cash slip I can prepare chart. I can post from a to a general. I can complete forms. I can make correcting entries. I can use checking. I can do bank reconciliations. I can identify dishonored checks and useelectronic banking. I can use petty cash. Accounting Activity I - Part A (R) Study Guides-K/MC 10/31/2012 Workbooks-K/MC 10/31/2012 Chapter Tests-K/MC 10/31/2012 10/31/2012 how phrases Financial Statements for Sole Proprietorship, ize, and post transactions to general & 15.1.12.Q - Financial Prepare financial statements (including a Balance Sheet, Profit & Loss and Owner s Equity) and understand their relevance. 15.1.12.Z - Compliance ~ Demonstrate an auditing procedure that provides assurance that financial records are accurate. 15.1.12.F - Accounting and ize transactions for shortand long-term assets. Activity I - Part A Chapter 6 - Work Sheet for a Service Business Chapter 7 - Financial Statements for a Proprietorship Journalizing and posting transactions Creating a Planning adjusting entries on a Extending financial statement information on a Finding and correcting errors on a Preparing an income statement Balance sheet information on a fiscal period trial balance adjustment balance sheet income statement net income net loss stakeholders component percentage I can ize and post transactions. I can create a. I can plan adjusting entries on a. I can extend financial statement information on a. I can find and correct errors on a. I can prepare an income statement. I can use a balance sheet. Accounting Power Point - Lesson View Activity I - Part A (R) Activity-K/MC 15.1.12.G - Accounting and ize transactions involving short- and long-term liabilities.

3 of 8 8/11/2014 11:20 AM mathematical how phrases Accounting for a Service Business Organized as a Proprietorship Analyze, ize, and post transactions to general & subsidiary s. 15.1.12.L - Accounting Describe and explain the criteria used to determine expenses and ize the expense transactions. 15.1.12.P - Financial Analyze and perform the reconciliation of. 15.1.12.Q - Financial Prepare financial statements (including a Balance Sheet, Profit & Loss and Owner s Equity) and understand their relevance. Chapter 8 - Adjusting and Closing Entries for a Service Business Activity 1 - Part B Simulation - Eddie Ortega adjusting entries closing entries Preparing a post-closing trial balance Complete an cycle for a proprietorship: end-of-fiscalperiod work adjusting entries permanent temporary closing entries post-closing trial balance cycle I can record adjusting entries. I can recored closing entries. I can prepare a post-closing trial balance. I can complete an cycle for a proprietorship: end-offiscal-period work. Accounting Power Point - Lesson View Eddie Ortega Accounting Simulation (R) Activity-K/MC Simulation-K/MC 15.1.12.Z - Compliance ~ Demonstrate an auditing procedure that provides assurance that financial records are accurate. 15.1.12.S - Financial Analyze and perform a horizontal and vertical analysis of the income statement and balance sheet. mathematical

4 of 8 8/11/2014 11:20 AM how phrases Accounting for a Merchandising Business Organized as a Corporation, ize, and post transactions to general & 15.1.12.F - Accounting and ize transactions for shortand long-term assets. 15.1.12.G - Accounting and ize transactions involving short- and long-term liabilities. mathematical how phrases Complete Simulation - Eddie Ortega Chapter 9 - Journalizing Purchase and Cash Payments Chapter 10 - Journalizing Sales and Cash Receipts Using Special Journals Journalize purchases using a purchases Journalize cash payments using a cash payments Perform additional cash payments operations Journalize other transactions using a general special amount column purchase invoice Journalize terms of sale sales on cash payments account using cash discount a sales purchases discount Journalize general amount cash receipts column using a cash list price receipts trade discount Record contra account transactions cash short using a general merchandise merchandising business retail merchandising business wholesale merchandising business share of stock capital stock stockholder special cost of merchandise markup vendor purchase on account purchases cash over purchases return & allowance debit memorandum customer sales tax sales cash sale credit card sale point-of-sale (POS) terminal terminal summary batch report batching out cash receipts sales discount sales return sales allowance credit memorandum I can ize purchases using a purchases. I can ize cash payments using a cash payments. I can perform additional cash payments operations. I can ize other transactions using a general. I can ize sales on account using a sales. I can ize cash receipts using a cash receipts. I can record transactions using a general. Accounting Smart Board Instruction Eddie Ortega Accounting Simulation (R) Simulation-K/MC Chapter Tests-K/MC

5 of 8 8/11/2014 11:20 AM Accounting for a Merchandising Business Organized as a Corporation 15.1.12.C - Accounting business transactions using T- to determine their impact on a business., ize, and post transactions to general & 15.1.12.M - Accounting and calculate gross pay and net pay, including regular and overtime wages, commission, and piece rate. 15.1.12.Y - Compliance ~ Determine and calculate taxable income and tax liability for both personal and business taxes. mathematical Chapter 11- Posting to General and Subsidiary Ledgers Chapter 12 - Preparing Payroll Records Post to payable & receivable s Post from s to a general Post special totals to a general Correct errors in subsidiary Prepare payroll time cards Determine payroll tax withholding Prepare payroll records Prepare payroll checks subsidiary payable receivable controlling account schedule of payable schedule of receivable salary pay period payroll total earnings payroll taxes withholding allowance social security tax Medicare tax tax base payroll register net pay employee earnings record I can post to payable & receivable s. I can post from s to a general. I can post special totals to a general. I can correct errors in subsidiary. I can prepare payroll time cards. I can determine payroll tax withholding. I can prepare payroll records. I can prepare payroll checks. Accounting 12-7 Challenge Piecework Payroll (C) Payroll Registers-K/MC Study Guides-K/MC Workbooks-K/MC how phrases Accounting for a Merchandising Business Organized as Corporation 15.1.12.C - Accounting business transactions using T- to determine their impact on a business., ize, and post Chapter 13 - Payroll Accounting, Taxes, and Reports Activity 2- Part A Record a payroll Record employer payroll taxes; Report withholding and payroll taxes federal unemployent tax state unemployment tax lookback period I can record a payroll. Accounting I can record employer payroll taxes. I can report withholding and payroll taxes. I can pay withholding and payroll taxes. I can ize and post an cycle for a. Activity 2 - Part A (C) Reinforcemnt Activity-K/MC

6 of 8 8/11/2014 11:20 AM transactions to general & 15.1.12.M - Accounting and calculate gross pay and net pay, including regular and overtime wages, commission, and piece rate. 15.1.12.Y - Compliance ~ Determine and calculate taxable income and tax liability for both personal and business taxes. mathematical how phrases Pay withholding and payroll taxes Journalize and post an cycle for a Accounting for a Merchandising Business Organized as a Corporation 15.1.12.H - Accounting Identify, calculate, and record depreciation, depletion and amortization; explain their effect on the financial statements. 15.1.12.I - Accounting Differentiate between and ize entries for issuance or repurchase of stock and the declaration and payment of dividends. 15.1.12.J - Accounting the various methods for maintaining and valuing inventory (FIFO, LIFO, etc.) and describe their effect on financial statements. 15.1.12.M - Accounting and calculate gross pay and net pay, including regular and overtime wages, commission, and piece rate. 15.1.12.Y - Compliance ~ Determine and Chapter 14 - Distributing Dividends and Preparing a Work Sheet for a Merchandising Business Chapter 15 - Financial Statement for a Corporation Distribute corporate earning to stockholders Begin an 8-column work sheet for a merchandising business Plan and record a merchandise inventory adjustment Plan and record an allowance for uncollectible adjustment Plan and record depreciation adjustments Calculate federal income tax and complete a Prepare an income statement for a Analyze an retained earnings dividends board of directors declaring a dividend merchandise inventory uncollectible allowance method of recording uncollectible book value book value of receivable current assets plant assets depreciation expense estimated salvage value straight-line method of depreciation accumulated depreciation book value of plant asset net sales cost of merchandise sold gross profit on sales financial ratio earnings per share price-earnings ratio statement of stockholder's equity par value I can distribute corporate earning to stockholders. I can begin an 8-column work sheet for a merchandising business. I can plan and record a merchandise inventory adjustment. I can plan and record an allowance for uncollectible adjustment. I can plan and record depreciation adjustments. I can calculate federal income tax and complete a. I can prepare an income statement for a. i acn analyze an income statement for a. I can prepare a statement of stockholders' equity. I can prepare a balance sheet for a. Accounting 15-5 Mastery Preparing Financial Statements (R) 4/30/2013 4/30/2013 Chapter Tests-K/MC 4/30/2013 4/30/2013

7 of 8 8/11/2014 11:20 AM calculate taxable income and tax liability for both personal and business taxes. mathematical income current liabilities statement for a long-term liabilities supporting schedule Prepare a statement of stockholders' equity Prepare a balance sheet for a how phrases speaking, and listening at Accounting for a Merchandising Business Organized as a Corporation This is where the notes go 15.1.12.Z - Compliance ~ Demonstrate an auditing procedure that provides assurance that financial records are accurate. 15.1.12.P - Financial Analyze and perform the reconciliation of. 15.1.12.Q - Financial Prepare financial statements (including a Balance Sheet, Profit & Loss and Owner s Equity) and understand their relevance. 15.1.12.R - Financial Explain the primary areas of analysis (trend analysis, profitability, liquidity, capital structure) and the information that can be obtained from each. 15.1.12.S - Financial Analyze and perform a horizontal and vertical analysis of the income statement and balance sheet. 15.1.12.T - Financial Assess profitability, liquidity, and solvency by calculating and interpreting financial ratios. 15.1.12.U - Financial Chapter 16- Adjusting and Closing entries for a Final Exam - Activity 2 - Part B - use with Part A already completed An Accounting Cycle for a Corporation: End-of-Fiscal- Period Work Record adjusting entries for a Record closing entries for income statement Prepare a post-closing trial balance Complete end-of-fiscal period work Complete an entire cycle for a using the simulation None I can record adjusting entries for a. I can record closing entries for income statement. I can prepare a post-closing trial balance. I can complete end-of-fiscal period work. I can complete an entire cycle for a using the simulation. Accounting Power Point - Lesson View Activity - Part B (R) Study Guides-K/MC Activity-K/MC Final Exam Zenith Simulation-K/MC

8 of 8 8/11/2014 11:20 AM Assess capital structure by calculating and interpreting financial ratios. mathematical how phrases