Accounting 1 -Business and Technology, BHS Curriculum Map

Business and Tech - Accounting 1 - CP

Stage 1 Desired Results
Starting a Proprietorship: Changes That Affect the Accounting Equation
Standards
Students will be able to independently use their learning to… State the Accounting Equation Demonstrate how transactions affect the accounting equation
Meaning
ESSENTIAL QUESTIONS What is the Accounting Equation? How do business activities change the accounting equation? How do transactions change owner's equity in an accounting equation?
Acquisition
Students will be skilled at… Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. Classify accounts as assets, liabilities, or owner’s equity and demonstrate their relationships in the accounting equation. Analyze how transactions affect accounts in an accounting equation.
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 1 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction The Accounting Equation What Is Accounting? The Business—TechKnow Consulting The Accounting Equation How Business Activities Change the Accounting Equation Receiving Cash Received Cash from Owner as an Investment Paying Cash Paid Cash for Supplies Paid Cash for Insurance Transactions on Account Bought Supplies on Account Paid Cash on Account How Transactions Change Owner’s Equity in an Accounting Equation Revenue Transactions Received Cash from Sales Sold Services on Account Expense Transactions Paid Cash for Rent Paid Cash for Telephone Bill Other Cash Transactions Received Cash on Account Paid Cash to Owner for Personal Use Summary of Changes in Owner’s Equity

Stage 1 Desired Results
Analyzing Transactions into Debit and Credit Parts
Standards
Students will be able to independently use their learning to… Analyze transaction through the use of T-accounts
Meaning
ESSENTIAL QUESTIONS What are T accounts? How do you analyze how transactions affect accounts? How do you analyze how transactions affect owner's equity accounts? How is the normal balance side of the T account related to the position of the account on the balance sheet? Do all cash transactions affect owner's equity?
Acquisition
Students will be skilled at… Define accounting terms related to analyzing transactions into debit and credit parts. Identify accounting practices related to analyzing transactions into debit and credit parts. Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction. Analyze how transactions to set up a business affect accounts. Analyze how transactions affect owner’s equity accounts.
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 2 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction Using T Accounts Analyzing the Accounting Equation Accounts Account Balances Increases and Decreases in Accounts Analyzing How Transactions Affect Accounts Received Cash from Owner as an Investment Paid Cash for Supplies Paid Cash for Insurance Bought Supplies on Account Paid Cash on Account Analyzing How Transactions Affect Owner’s Equity Accounts Received Cash from Sales Sold Services on Account Paid Cash for an Expense Received Cash on Account Paid Cash to Owner for Personal Use

Stage 1 Desired Results
Recording Transactions in a General Journal
Standards
Students will be able to independently use their learning to… Use source documents to analyze transactions Journalize daily transactions in a general journal
Meaning
ESSENTIAL QUESTIONS How are transactions recorded in a general journal? Why are source documents important?
Acquisition
Students will be skilled at… Define accounting terms related to journalizing transactions. Identify accounting concepts and practices related to journalizing transactions. Record in a general journal transactions to set up a business. Record in a general journal transactions to buy insurance for cash and supplies on account. Record in a general journal transactions that affect owner’s equity and receiving cash on account. Start a new journal page.
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 3 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction Journals, Source Documents, and Recording Entries in a Journal Journals and Journalizing A General Journal Using a Journal Accuracy Chronological Record Double-Entry Accounting Source Documents Checks Sales Invoices Other Source Documents Receipts Memorandums Calculator Tapes Received Cash from Owner as an Investment Paid Cash for Supplies Journalizing Buying Insurance, Buying on Account, and Paying on Account Paid Cash for Insurance Bought Supplies on Account Paid Cash on Account Journalizing Transactions that Affect Owner’s Equity and Receiving Cash on Account Received Cash from Sales Sold Services on Account Paid Cash for an Expense Received Cash on Account Paid Cash to Owner for Personal Use Starting a New Journal Page A Completed Journal Page Starting a new General Journal Page Standard Accounting Practices Received Cash on Account Paid Cash to Owner for Personal Use

Stage 1 Desired Results
Posting from a General Journal to a General Ledger
Standards
Students will be able to independently use their learning to… Maintain a chart of accounts Post daily journal entries to the general ledger
Meaning
ESSENTIAL QUESTIONS How do you maintain a chart of accounts? How do you post from a general journal to a general ledger?
Acquisition
Students will be skilled at… Define accounting terms related to posting from a general journal to a general ledger. Identify accounting concepts and practices related to posting from a journal to a general ledger. Prepare a chart of accounts for a service business organized as a proprietorship. Post amounts from a general journal to a general ledger. Prove cash. Analyze and journalize correcting entries.
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 4 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction Preparing a Chart of Accounts Account Form Relationship of a T Account to an Account Form Chart of Accounts Preparing a Chart of Accounts Account Numbers Assigning Account Numbers Opening an Account in a General Ledger Posting from a General Journal to a General Ledger Posting an Amount from the Debit Column of a General Journal Posting an Amount from the Credit Column of a General Journal Posting a Debit Amount to an Account with a Balance Journal Page with Posting Completed Completed General Ledger, Proving Cash, and Making Correcting Entries General Ledger with Posting Completed Proving Cash Memorandum for a Correcting Entry Journal Entry to Record a Correcting Entry

Stage 1 Desired Results
Cash Control Systems
Standards
Students will be able to independently use their learning to… Keep a cash control system
Meaning
ESSENTIAL QUESTIONS What are the various types of cash control systems? What 2 factors are likely to be responsible for the difference in the balance of cash and the bank statement balance? Why would a business not want to have too much cash on hand?
Acquisition
Students will be skilled at… Define accounting terms related to using a checking account and a petty cash fund Identify accounting concepts and practices related to using a checking account Prepare business papers related to using a checking account Reconcile a bank statement Journalize dishonored checks and electronic banking transactions Establish and replenish a petty cash fund.
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 5 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction Checking Accounts How Businesses Use Cash Depositing Cash Deposit Recorded on a Check Stub Blank Endorsement, Special Endorsement, and Restrictive Endorsement Blank Endorsement Special Endorsement Restrictive Endorsement Completed Check Stub and Check Recording a Voided Check Bank Reconciliation Bank Statement Bank Statement Reconciliation Recording a Bank Service Charge on a Check Stub Journalizing a Bank Service Charge Dishonored Checks and Electronic Banking Recording a Dishonored Check on a Check Stub Journalizing a Dishonored Check Journalizing an Electronic Funds Transfer Journalizing a Debit Card Transaction Petty Cash Establishing a Petty Cash Fund Making Payments from a Petty Cash Fund with a Petty Cash Slip Replenishing Petty Cash

Stage 1 Desired Results
Work Sheet for a Service Business
Standards
Students will be able to independently use their learning to… Prepare a trial balance Plan end-of-period adjustments using a worksheet
Meaning
ESSENTIAL QUESTIONS How and why do you prepare a worksheet for a service business? What role do adjustments play when preparing the worksheet? How do you determine from a worksheet whether a businesses is profitable or not?
Acquisition
Students will be skilled at… Define accounting terms related to a work sheet for a service business organized as a proprietorship Identify accounting concepts and practices related to a work sheet for a service business organized as a proprietorship Prepare a heading and a trial balance on a worksheet Plan adjustments for supplies and prepaid insurance Complete a work sheet for a service business organized as a proprietorship Identify selected procedures for finding and correcting errors in accounting records Analyze a worksheet for profitability
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 6 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction Creating a worksheet Consistent Reporting Fiscal Periods worksheet Preparing the Heading of a worksheet Preparing a Trial Balance on a worksheet Planning Adjusting Entries on a worksheet Planning Adjustments on a worksheet Supplies Adjustment on a worksheet Prepaid Insurance Adjustment on a worksheet Proving the Adjustments Columns of a worksheet Summary of Preparation of a worksheet for a Service Business Preparing a worksheet Extending Financial Statement Information on a worksheet Extending Balance Sheet Account Balances on a worksheet Extending Income Statement Account Balances on a worksheet Recording Net Income, and Totaling and Ruling a worksheet Calculating and Recording a Net Loss on a worksheet Finding and Correcting Errors on the worksheet Correcting Accounting Errors on the worksheet Checking for Typical Calculation Errors Checking for Errors in the worksheet Check for Errors in the Trial Balance Column Check for Errors in the Adjustments Columns Check for Errors in the Income Statement and Balance Sheet Columns Correcting an Error in Posting to the Wrong Acc Correcting an Incorrect Amount and an Amount Posted to the Wrong Column Checking for Errors in Journal Entries Preventing Errors

Stage 1 Desired Results
Financial Statements for a Proprietorship
Standards
Students will be able to independently use their learning to… Prepare financial statements for a service business (balance sheet and income statement) Analyze the differences between a net income and a net loss
Meaning
ESSENTIAL QUESTIONS How and why do accountants prepare financial statements? Why do some businesses use a calendar year for reporting while other businesses us a fiscal year?
Acquisition
Students will be skilled at… Define accounting terms related to financial statements for a service business organized as a proprietorship. Identify accounting concepts and practices related to preparation of financial statements for a service business organized as a proprietorship. Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages. Prepare a balance sheet for a service business organized as a proprietorship.
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 7 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction Preparing an Income Statement Reporting Financial Information Income Statement Information on a Worksheet Heading of an Income Statement Revenue, Expenses, and Net Income Sections of an Income Statement Component Percentage Analysis of an Income Statement Acceptable Component Percentages Total Expenses Component Percentage Net Income Component Percentage Income Statement with Two Sources of Revenue and a Net Loss Balance Sheet Information on a Worksheet Balance Sheet Heading of a Balance Sheet Assets and Liabilities Sections of a Balance Sheet Owner’s Equity Section of a Balance Sheet Owner’s Equity Reported in Detail on a Balance Sheet

Stage 1 Desired Results
Recording Adjusting and Closing Entries for a Service Business
Standards
Students will be able to independently use their learning to… Journalize adjusting and closing entries in a general journal Prepare a post-closing trial balance Summarize the progression from source documents to journals to ledgers to financial statements for a service business
Meaning
ESSENTIAL QUESTIONS Why and how are adjusting and closing entries prepared? What is the difference between a temporary and a permanent account? What are the steps in the Accounting Cycle?
Acquisition
Students will be skilled at… Define accounting terms related to adjusting and closing entries for a service business organized as a proprietorship. Identify accounting concepts and practices related to adjusting and closing entries for a service business organized as a proprietorship. Record adjusting entries for a service business organized as a proprietorship. Record closing entries for a service business organized as a proprietorship. Prepare a post-closing trial balance for a service business organized as a proprietorship.
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 8 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction Adjusting Entries Recording Adjusting Entries Adjusting Entries Adjusting Entry for Supplies Adjusting Entry for Prepaid Insurance Recording Closing Entries Need for Permanent and Temporary Accounts Need For Closing Temporary Accounts Need for the Income Summary Account Closing Entry for an Income Statement Account with a Credit Balance Closing Entry for Income Statement Accounts with Debit Balances Closing Entry to Record Net Income or Loss and Close the Income Summary Account Closing Entry for the Owner’s Drawing Account Preparing a Post-Closing Trial Balance General Ledger Accounts after Adjusting and Closing Entries Are Posted Post-Closing Trial Balance Accounting Cycle for a Service Business

Stage 1 Desired Results
Preparing Payroll Records
Standards
Students will be able to independently use their learning to… Prepare payroll records
Meaning
ESSENTIAL QUESTIONS What are the steps in preparing and payroll records? Why is it important to have a separation of duties within payroll processing?
Acquisition
Students will be skilled at… Define accounting terms related to payroll records. Identify accounting practices related to payroll records. Complete a payroll time card. Calculate payroll taxes. Complete a payroll register and an employee earnings record. Prepare payroll checks.
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 12 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction Preparing Payroll Time Cards Paying Employees Analyzing a Payroll Time Card Calculating Employee Hours Worked Calculating Employee Total Earnings Determining Payroll Tax Withholding Payroll Taxes Employee Income Tax Employee’s Withholding Allowance Certificate Employee’s Income Tax Withholding—Single Persons Employee’s Income Tax Withholding—Married Persons Employee Social Security and Medicare Tax Preparing Payroll Records Payroll Register Employee Earnings Records Preparing Payroll Checks Payroll Bank Account Employee’s Payroll Check Electronic Funds Transfer

Stage 1 Desired Results
Payroll Accounting, Taxes and Reports
Standards
Students will be able to independently use their learning to… Complete payroll accounting, taxes and related reports
Meaning
ESSENTIAL QUESTIONS What are payroll taxes? How are payroll taxes determined and reported? Why are payroll taxes considered a liability for the employer?
Acquisition
Students will be skilled at… Define accounting terms related to payroll accounting, taxes, and reports. Identify accounting concepts and practices related to payroll accounting, taxes, and reports. Analyze payroll transactions and record a payroll. Record employer payroll taxes. Prepare selected payroll tax reports. Pay and record withholding and payroll taxes.
Stage 2 - Evidence
Evaluative Criteria	Assessment Evidence
Formative	End of lesson reviews Application problems
Summative	Chapter 13 test
Stage 3 – Learning Plan
Summary of Key Learning Events and Instruction Recording a Payroll Different Forms of Payroll Information Payroll Register Analyzing Payment of a Payroll Journalizing Payment of a Payroll Recording Employer Payroll Taxes Calculating Employer Payroll Taxes Employer Social Security and Medicare Taxes Unemployment Taxable Earnings Unemployment Taxes Federal Unemployment Tax State Unemployment Tax Journalizing Employer Payroll Taxes Reporting Withholding and Payroll Taxes Employer Annual Report to Employees of Taxes Withheld Employer’s Quarterly Federal Tax Return Preparing Employer’s Quarterly Federal Tax Return Employer Annual Reporting of Payroll Taxes Paying Withholding and Payroll Taxes Paying the Liability for Employee Income Tax, Social Security Tax, and Medicare Tax Form 8109, Federal Deposit Coupon Journalizing Payment of Liability for Employee Income Tax, Social Security Tax, and Medicare Tax Paying the Liability for Federal Unemployment Tax Journalizing Payment of Liability for Federal Unemployment Tax Journalizing Payment of Liability for State Unemployment Tax