Chetek-Weyerhaeuser High School

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1 Chetek-Weyerhaeuser High School Unit 1 The Accounting Equation Accounting Units and Accounting IA (3 days) 1. I can analyze how transactions affect accounts in an accounting equation. I can analyze how transactions affect accounts in an accounting equation. 4 Proficient I can analyze how transactions affect accounts in an accounting equation. 3 Developing I can solve problems using the accounting equation. 2 Basic I can classify parts of the accounting equation. 1 Minimal I can define terms for the accounting equation. Unit 2 Analyzing Transactions into Debit and Credit Parts 1. I can use T accounts to analyze transactions showing which accounts are debited or credited for each transaction. (4-5 days) I can use T accounts to analyze transactions showing which accounts are debited or credited. 4 Proficient I can use T accounts to analyze transactions showing which accounts are debited or credited. 3 Developing I can apply transactions to one side of the T account. 2 Basic I can identify the debit and credit sites of a T account. 1 Minimal I can define terms related to analyzing transactions. Unit 3 Recording Transactions in a General Journal 1. I can demonstrate and analyze transactions into a general journal (3 days) I can demonstrate and analyze recording in a general journal transaction. 4 Proficient I can demonstrate and analyze recording in a general Mrs. Goldsmith 10/28/2016 1

2 journal transactions. 3 Developing I can demonstrate recording in a general journal transactions to set up a business. 2 Basic I can identify concepts related to journaling transactions. 1 Minimal I can define terms related to general journal transactions. Unit 4 Posting from a General Journal to a General Ledger 1. I can prepare a chart of accounts to post transactions from a General Journal to a General Ledger and analyze the transactions to prove cash and correct entries. 2. (4-5 days) I can prepare a chart of accounts to post transactions from a General Journal to a General Ledger and analyze the transactions to prove cash and correct entries. 4 Proficient I can prepare a chart of accounts to post transactions from a General Journal to a General Ledger and analyze the transactions to prove cash and correct entries. 3 Developing I can organize data within the 5 general ledger divisions. 2 Basic I can prepare a chart of accounts 1 Minimal I can define terms related to preparing a chart of accounts. Unit 5 Cash Control Systems 1. I can analyze transactions to accurately reconcile bank statements, journalize dishonored checks and electronic banking transactions, petty cash funds, and papers used in a checking account. Proficiency Descriptor I can analyze transactions to accurately reconcile bank statements, journalize dishonored checks and electronic banking transactions, petty cash funds, and papers used in a checking account. Definition 4 Proficient I can analyze transactions to accurately reconcile bank statements, journalize dishonored checks and electronic banking transactions, petty cash funds, and papers used Mrs. Goldsmith 10/28/2016 2

3 in a checking account. 3 Developing I can analyze some transactions to reconcile bank statements, journalize dishonored checks and electronic banking transactions, petty cash funds, and papers used in a checking account. 2 Basic I can identify steps in reconciling bank statements, journalizing dishonored checks and electronic banking transactions, petty cash funds, and papers used in a checking account. 1 Minimal I can identify terms related to reconciling bank statements, dishonored checks, petty cash funds, electronic banking transactions, and papers used in a checking account. Unit 6 Worksheet for a Service Business 1. I can create the components of a trial balance, analyze adjustments, extend and calculate account balances, and analyze and evaluate the accuracy of the data entered. I can create the components of a trial balance, analyze adjustments, extend and calculate account balances and analyze and evaluate the accuracy of the data entered. 4 Proficient I can create the components of a trial balance, analyze adjustments, extend and calculate account balances, and analyze and evaluate the accuracy of the data entered. 3 Developing I can create the components of a trial balance, analyze some adjustments, extend and calculate some account balances, and analyze and evaluate the accuracy of some of the data entered. 2 Basic I can create the components of the worksheet 1 Minimal I can define the terms related to a work sheet Unit 7 Income statements and balance sheets 1. I can create and analyze an income statement and balance sheet. (3-4 days) I can create and analyze an income statement and balance sheet. 4 Proficient I can create and analyze an income statement and Mrs. Goldsmith 10/28/2016 3

4 balance sheet. 3 Developing I can organize the different sections of an income statement and balance sheet. 2 Basic I can identify sections of an income statement and balance sheet. 1 Minimal I can define terms related to an income statement and balance sheet. Unit 8 Recording Adjusting and Closing Entries for a Service Business 1. I can analyze adjustment entries on the general journal. (2-3 days) I can analyze adjustment entries on the general journal. 4 Proficient I can analyze adjustment entries on the general journal. 3 Developing I can utilize a T account to calculate adjustments. 2 Basic I can identify the steps for adjusting entries. 1 Minimal I can define adjusting entry. 2. I can analyze closing entries on the general journal. (2-3 days) I can analyze closing entries on the general journal. 4 Proficient I can analyze closing entries on the general journal. 3 Developing I can utilize T accounts to create an income summary. 2 Basic I can identify steps for closing entries. 1 Minimal I can list the 4 closing entries. 3. I can create and analyze a post-closing trial balance (2-3 days) I can create and analyze a post-closing trial balance. 4 Proficient I can create and analyze a post-closing trial balance. 3 Developing I can create a post-closing trial balance. 2 Basic I can identify the steps in preparing a post-closing trial balance. 1 Minimal I can identify which accounts are included in a postclosing trial balance. Mrs. Goldsmith 10/28/2016 4

5 Accounting IB Unit 1 Journalizing Purchases and Cash Payments (7 days) 1. I can define accounting terms related to purchases and cash payments for a merchandising business. (C.BS.1) 2. I can identify accounting concepts and practices related to purchases and cash payments for a merchandising business. (C.BS.1) 3. I can journalize purchases of merchandise using a purchases journal. (C.BS.1) 4. I can journalize cash payments and cash discounts using a cash payments journal. (C.BS.1) 5. I can prepare a petty cash report and journalize the reimbursement of the petty cash fund. (C.BS.1) 6. I can total, prove, and rule a cash payments journal and start a new cash payments journal page. (C.BS.1) 7. I can journalize purchases returns and allowances and other transactions using a general journal. (C.BS.1) Unit 2 Journalizing Sales and Cash Receipts Using Special Journals (8 days) 1. I can define accounting terms related to sales and cash receipts for a merchandising business. (C.8.1, C.BS.1) 2. I can identify accounting practices related to sales and cash receipts for a merchandising business. (C.8.2, C.BS.1) 3. I can journalize sales on account using a sales journal. (C.8.2, C.BS.1) 4. I can journalize cash receipts using a cash receipts journal. (C.8.2, C.BS.1) 5. I can record sales returns and allowances using a general journal. (C.8.2, C.BS.1) Unit 3 Posting to General and Subsidiary Ledgers (6 days) 1. I can define accounting terms related to posting to ledgers. (C.BS.1) 2. I can identify accounting concepts and practices related to posting to ledgers. (C.BS.1) 3. I can be able to post separate items from a purchases, cash payments, and general journal to an accounts payable ledger. (C.BS.1) 4. I can post separate items from a sales, cash receipts, and general journal to an accounts receivable ledger. (C.BS.1) Mrs. Goldsmith 10/28/2016 5

6 5. I can post separate items from a cash payments and general journal to a general ledger. (C.BS.1) 6. I can post special journal column totals to a general ledger. (C.BS.1) 7. I can journalize and post correcting entries affecting customer accounts. (C.BS.1) Unit 4 Preparing Payroll Records (7 days) 1. I can define accounting terms related to payroll records. (C.BS.5) 2. I can identify accounting concepts and practices related to payroll records. (C.BS.5) 3. I can complete a payroll time card. (C.BS.5) 4. I can calculate payroll taxes. (C.BS.5) 5. I can complete a payroll register and an employee earnings record. (C.BS.5) 6. I can prepare payroll checks. (C.BS.5) Unit 5 Payroll Accounting, Taxes, and Reports (9 days) 1. I can define accounting terms related to payroll accounting, taxes, and reports. (C.BS.5) 2. I can identify accounting concepts and practices related to payroll accounting, taxes, and reports. (C.BS.5) 3. I can analyze payroll transactions and record a payroll. (C.BS.5) 4. I can record employer payroll taxes. (C.BS.5) 5. I can prepare selected tax reports. (C.BS.5) 6. I can pay and record withholding and payroll taxes. (C.BS.5) Unit 6 Distributing Dividends and Preparing a Work Sheet for a Merchandising Business (9 days) 1. I can define accounting terms related to distributing dividends and preparing a work sheet for a merchandising business. (C.8.4, C.BS.1) 2. I can identify accounting concepts and practices related to distributing dividends and preparing a work sheet for a merchandising business. (C.8.4, C.BS.1) 3. I can journalize the declaration and payment of a dividend. (C.8.4, C.BS.1) 4. I can begin a work sheet for a merchandising business. (C.8.4, C.BS.1) 5. I can plan work sheet adjustments for merchandise inventory, supplies, prepaid expenses, uncollectible accounts, and depreciation. (C.8.4, C.BS.1) 6. I can calculate federal income tax and plan the work sheet adjustment for federal income tax. (C.8.1, C.8.4, C.BS.1) 7. I can complete a worksheet for a merchandising business. (C.8.4, C.BS.1) Mrs. Goldsmith 10/28/2016 6

7 Unit 7 Financial Statements for a Corporation (5 days) 1. I can define accounting terms related to financial statements for a merchandising business organized as a corporation. (C.8.4, C.BS.1) 2. I can identify accounting concepts and practices related to financial statements for a merchandising business organized as a corporation. (C.8.4, C.BS.1) 3. I can prepare an income statement for a merchandising business organized as a corporation. (C.8.4, C.BS.1) 4. I can analyze an income statement using component percentages and financial ratios. (C.8.4, C.BS.1) 5. I can prepare a statement of stockholders equity for a merchandising business organized as a corporation. (C.8.4, C.BS.1) 6. I can prepare a balance sheet for a merchandising business organized as a corporation. (C.8.4, C.BS.1) Unit 8 Recording Adjusting and Closing Entries for a Corporation (5 days) 1. I can identify accounting concepts and practices related to adjusting and closing entries for a merchandising business organized as a corporation. (C.8.4, C.BS.1) 2. I can record adjusting entries. (C.8.4, C.BS.1) 3. I can record closing entries for income statement accounts. (C.8.4, C.BS.1) 4. I can record closing entry for dividends. (C.8.4, C.BS.1) 5. I can prepare a post-closing trial balance. (C.8.4, C.BS.1) Mrs. Goldsmith 10/28/2016 7