MOUNTAIN VIEW SCHOOL DISTRICT

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1 MOUNTAIN VIEW SCHOOL DISTRICT COMPUTERIZED ACCOUNTING I Curriculum Content Frameworks 0

2 Curriculum Content Frameworks COMPUTERIZED ACCOUNTING I Grade Levels: 0,, Course Code: 900 Prerequisite: Tech Prep Foundation Core Course Description: Computerized Accounting I is a two-semester course with emphasis on basic accounting principles as they relate to both manual and computerized financial systems. Instruction is on an integrated basis, using computers and electronic calculators as the relationships and processes of manual and computerized accounting are presented. Entry-level skills in the accounting occupations can be attained. Unit : Computerized Accounting I Hours: - Terminology: Accountant, Accounting, Accounting concepts, Bookkeeper, Business ethics, Ethics, General office clerk, Merchandising, Partnership, Proprietorship, Service Unit : Basic Accounting Cycle Service Business Hours: 5-50 Terminology: Account, Account balance, Account number, Account title, Accounting cycle, Accounting equation, Accounting period cycle concept, Accounting record, Accounting system, Adequate disclosure concept, Adjusting entries, Adjustments, Assets, Business entity concept, Capital, Closing entries, Consistent reporting concept, Correcting entry, Credit, Debit, Equities, File maintenance, Fiscal period, General ledger, Going concern concept, Income statement, Ledger, Liability, Matching expenses with revenue concept, Net income, Net loss, Objective evidence concept, Operating an account, Owner's equity, Permanent accounts, Post-closing trial balance, Posting, Proprietorship, Temporary accounts, Transaction, Trial balance, Work sheet Unit : Cash Control and Banking Procedures Hours: 5-6 Terminology: Automated teller machine (ATM), Bank reconciliation, Blank endorsement, Checking account, Deposit slip, Electronic funds transfer (ETF), Petty cash system, Restrictive endorsement, Special endorsement Unit : Basic Accounting Cycle Merchandising Business Hours: 0-50 Terminology: Accounts payable ledger, Accounts receivable ledger, Cash sale, Controlling account, Cost of merchandise, Cost of merchandise sold, Credit card sale, Customer, Distribution-of-net-income statement, Gross profit on sales, Historical cost concept, Inventory, Markup, Merchandise, Merchandise inventory, Owner's equity statement, Partner, Purchase invoice, Realization of revenue concept, Retail merchandising, Sales tax, Schedule of accounts payable, Schedule of accounts receivable, Subsidiary ledger, Supporting schedule, Terms of sale, Vendor, Wholesale merchandising Unit 5: Payroll Accounting Hours: 0-0 Terminology: 9, Employee earnings record, Employer's payroll taxes, Federal unemployment tax, Gross earnings, Medicare tax, Net pay, Pay period, Payroll, Payroll checks, Payroll records, Payroll register, Payroll system, Payroll taxes, State unemployment tax, W-, W-

3 Unit : Computerized Accounting I. Define terminology. Discuss two types of es operated to earn a profit (service & merchandising). Discuss three major forms of organizations (sole proprietorship, partnership, corporation). Identify accounting careers (i.e., general office clerk, bookkeepers, accountants, certified public accountant).5 Identify professional accounting organizations and student organizations.6 Identify and discuss the commonly accepted accounting concepts.7 Identify characteristics of professional work ethics.. Prepare a list of terms with.. Classify two types of es operated for profit.. Classify three major forms of organizations.. Discuss the critical thinking skills and decision making skills needed for each type of.. Compare and contrast different accounting careers.5. Compare and contrast different professional accounting organizations.5. Encourage students to participate in FBLA events.6. Identify and discuss objective evidence, adequate disclosure concept, going concern concept, accounting period cycle, entity, consistent reporting, matching expenses with revenue, historical cost, realization of revenue, consistent reporting.7. Discuss honesty, privacy, truthfulness, and integrity.7. Discuss ethical and unethical practices

4 Unit : Basic Accounting Cycle Service Business.. preparing chart of accounts. Explain the accounting equation. analyzing transactions.5 journalizing transactions for a service.6 posting to general ledger.7 Identify parts of a work sheet.8 Identify financial statements.9 Recording adjusting and closing entries.... Assign account numbers, arrange accounts in the general ledger, and keep records current.. Identify the components of the accounting equation and determine how they are impacted.. Analyze transactions.5. Record transactions in a journal.6. Post from the journal to general ledger.7. Prepare a work sheet.8. Prepare financial statements: balance sheet and income statement.9. Journalize adjusting and closing entries.9. Prepare a post-closing trial balance

5 Unit : Cash Control and Banking Procedures.. Describe the purpose of a deposit slip. Identify the types of endorsements. Explain the purpose of preparing a check.5 Discuss bank reconciliation.6 Discuss dishonored checks.7 Discuss electronic banking and associated terms (i.e., electronic funds transfers [EFT], automated teller machine [ATM]).8 Describe a petty cash system.... Prepare a deposit slip.. Prepare various types of endorsements (i.e., restrictive, special, blank).. Prepare a check.5. Demonstrate the procedure of reconciling a bank statement.6. List the reasons banks dishonor checks.7. Analyze and record various banking transactions in a journal (i.e., transferring of funds, night deposits).8. Analyze and record transactions in a journal to establish a petty cash fund.8. Analyze and record transactions in a journal to replenish a petty cash fund

6 Unit : Basic Accounting Cycle Merchandising Business.. journalizing transactions relating to a merchandising. Explain posting to general and subsidiary ledgers (accounts receivable and accounts payable ledgers). Identify the elements of the schedules of accounts receivable and accounts payable.5 Analyze financial statements for merchandising.6 Explain steps for journalizing adjusting and closing entries for a merchandising.... Journalize transactions for a merchandising foundation.. Post transactions to general and subsidiary ledgers (accounts receivable, accounts payable ledgers).. Prove the subsidiary ledgers by preparing schedules of accounts receivable and accounts payable.5. Prepare financial statements for a merchandising.5. Compute and analyze component percentages.6. Journalize adjusting and closing entries for a merchandising.6. Prepare a post-closing trial balance

7 Unit 5: Payroll Accounting Discuss payroll system 5. Discuss employer's payroll taxes 5. Identify tax reports that are prepared regularly by the employer Discuss the importance of accurate payroll records 5.. Calculate gross earnings and net pay 5.. Prepare a payroll register 5.. Prepare an employee earnings record 5..5 Prepare payroll checks 5..6 Journalize payroll 5.. Calculate and record employer's payroll taxes (Social Security, Medicare, state unemployment, and federal unemployment) 5.. Prepare employee payroll forms: W- W- W