Hoover City Schools Secondary Curriculum Document Career Technical Education,
|
|
- Gertrude Harmon
- 8 years ago
- Views:
Transcription
1 Links to Document Content: HCS Curriculum: Career Technology 9 Hoover City Schools Secondary Curriculum Document Career Technical Education, Basic Course Information Instructional Sequence Instructional Units / Learning Outcomes Alabama COS Correlation Additional Notes / Resources Basic Course Information: Course Title: Grade Level: Course Description: is an advanced course designed to help students extend their understanding of basic accounting principles into more complex topics and applications. State COS Correlate: Advanced Accounting Calendar Type: Year Pre-requisite: Accounting Co-requisite: None LEA Curriculum Authors: Madge Gregg and Jill Westerlund Instructional Content Sequence: Unit # Unit Titles st nine-weeks COS Standards from Accounting I Recording Departmental Purchases and Cash Payments, 9, 0, Recording Departmental Sales and Cash Receipts, 9, 0, Calculating and Recording Departmental Payroll Data, 9,,, Financial Reporting for a Departmentalized Business Unit # Unit Titles nd nine-weeks COS Standards Page of
2 HCS Curriculum: Career Technology 9 Unit # Unit Titles nd nine-weeks COS Standards Automated Accounting Simulation using Excel to Keep Records for a Small Business 9, Inventory Planning and Valuation 7 Accounting for Uncollectible Accounts 8 Accounting for Plant Assets 9 Accounting for Notes Payable, Prepaid Expenses, and Accrued Expenses 0 Accounting for Notes Receivable, Unearned Revenue, and Accrued Revenue Unit # Unit Titles rd nine-weeks COS Standards Managerial Accounting, the Income Statement, and the Balance Sheet 7 Budget Planning, Budgeted Income Statement, and Cash Budgets 7 Cost, Price, and Volume Analysis, Evaluation and Control Time Value of Money 8, Unit # Unit Titles th nine-weeks COS Standards Organizing a Corporation and Paying Dividends 7 Acquiring Additional Capital for a Corporation 8 Financial Analysis and Reporting for a Corporation 0 Instructional Units / Learning Outcomes: Unit - Recording Departmental Purchases and Cash Payments Guiding Question: How does a merchandising business organized departmentally record purchases and cash payments? Page of
3 HCS Curriculum: Career Technology 9 Suggested Resources: Century Advanced Accounting, 9 th Ed. Define accounting terms related to departmental purchases and cash payments Identify accounting concepts and practices related to departmental purchases and cash payments Perform file maintenance Chart of Accounts Journalize and post departmental purchases and purchases returns Purchases Journal, Purchases Returns and Allowances Journal Journalize and post cash payments Cash Payments Journal Reconcile a Bank Statement Bank Reconciliation Form Unit - Recording Departmental Sales and Cash Receipts Guiding Question: How does a merchandising business organized departmentally record sales and cash receipts? Define terms related to departmental sales and cash receipts Identify concepts and practices related to departmental sales and cash receipts Journalize and post departmental sales on account and sales returns and allowances Journalize and post cash receipts Cash Receipts Journal Sales Journal, Sales Returns and Allowances Journal Unit - Calculating and Recording Departmental Payroll Data Guiding Question: How does a merchandising business organized departmentally calculate and record departmental payroll data? Define accounting terms related to a Page of
4 HCS Curriculum: Career Technology 9 departmental payroll system Identify accounting concepts and practices related to a departmental payroll system Maintain employee benefits records and calculate employee earnings Complete payroll records and journalize payroll transactions Payroll Register Employee benefits record, Employee earnings record Unit - Financial Reporting for a Departmentalized Business Guiding Question: How does a merchandising business organized departmentally prepare and analyze financial reports? Define accounting terms related to financial reporting for a departmental business Identify accounting concepts and practices related to financial reporting for a departmentalized business Prepare an interim departmental statement of gross profit Prepare financial statements for a departmentalized business Analyze financial statements using component percentages Complete end of period work for a departmentalized business interim departmental statement of gross profit Income statement, Balance sheet Income statement, Balance Sheet General Journal Unit - Automated Accounting Simulation using Excel to Keep Records for a Small Business Guiding Question: How does a small business use Excel to form and keep accounting records, as well as prepare and analyze financial statements? Suggested Resources: Page of
5 HCS Curriculum: Career Technology 9 Creating the Band, an automated simulation for Excel, Cengage Learning Record transactions related to forming a company Chart of Accounts Record revenue transactions related to merchandise sales Journals Record revenue transactions related to live performances Journals Record transactions involved in the routine operation of the business Journals Complete end of the fiscal period work Prepare financial statements 7 Analyze financial statements 8 Research career and entrepreneurial opportunities, responsibilities, educational requirements and credentialing related to the accounting profession Income statement, balance sheet Income statement, balance sheet Summary Report Unit - Inventory Planning and Valuation Guiding Question: How does inventory planning and valuation guide business practices for a merchandising business? Suggested Resources: Century Advanced Accounting, 9 th Ed. Define accounting terms related to planning and costing inventory Identify accounting concepts and practices related to planning, counting, and costing inventory Describe the nature of merchandise inventory Determine the cost of merchandise inventory using selected costing methods Stock Record Estimate the cost of merchandise inventory Estimated Merchandise using selected estimated methods Inventory Sheet Page of
6 HCS Curriculum: Career Technology 9 Calculate merchandise inventory turnover ratio and average number of days sales in merchandise inventory Inventory Records Unit 7- Accounting for Uncollectible Accounts Guiding Question: How does the accounting for uncollectible accounts guide business practices? Define and identify terms, concepts, and practices related to uncollectible accounts Calculate and record estimated uncollectible accounts expense using the direct write-off Journals method Calculate and record estimated uncollectible accounts expense using the allowance Journals method Calculate and analyze accounts receivable turnover rates Journals Unit 8- Accounting for Plants Assets Guiding Question: How does the accounting for plants assets guide business practices? Define accounting terms and identify accounting concepts and practices related to plant assets and depreciation Journalize entries for buying plant assets Calculate and record property tax expense Calculate and record depreciation expense for plant assets using straight line method Plant Asset Record Journalize entries disposing of plant assets Journals Calculate depreciation expense using other Plant Asset Record Page of
7 HCS Curriculum: Career Technology 9 methods Unit 9- Accounting for Notes Payable, Prepaid Expenses and Accrued Expenses Guiding Question: How does the Accounting for Notes Payable, Prepaid Expenses and Accrued Expenses guide business practices? Define terms and identify concepts and practices related to notes payable, prepaid expenses and accrued expenses Journalize transactions for notes payable? Journals Journalize adjusting and reversing entries for prepaid expenses initially recorded as Journals expenses Journalize adjusting and reversing entries for accrued expenses Journals Unit 0- Accounting for Notes Receivable, Unearned Revenue, and Accrued Revenue Guiding Question: How does the Accounting for Notes Receivable, Unearned Revenue, and Accrued Revenue guide business practices? Define terms and identify concepts and practices related to notes receivable, unearned revenue, and accrued revenue Journalize transactions for notes receivable Journals Journalize adjusting and reversing entries for unearned revenue initially recorded as Journals revenue Journalize adjusting and reversing entries for accrued revenue Journals Page 7 of
8 HCS Curriculum: Career Technology 9 Unit -Managerial Accounting, the Income Statement, and the Balance Sheet Guiding Question: What is the difference between managerial accounting and financial accounting and how is an income statement and balance sheet analyzed for internal business decisions? Suggested Resources: Managerial Accounting, Cengage Learning Identify the skills and abilities required for success in managerial accounting Identify careers in managerial accounting Compare financial and managerial accounting Prepare and analyze an income statement using detailed component percentages Income Statement Prepare and analyze a balance sheet using vertical analysis Balance Sheet Unit - Managerial Budget Planning Guiding Question: What is the purpose of budget planning and how does it affect business management decisions? Describe the five purposes of budgeting List sources of budget information Prepare and analyze a comparative income statement Income Statement Describe the purpose of an operational plan Prepare sales and purchases budget schedules Prepare expenses budget schedules Expense Budget Sales and Purchases Budget 7 Prepare a budgeted income statement Budgeted Income Statement 8 Prepare a cash budget Cash Budget 9 Prepare and analyze a performance report Performance Report Page 8 of
9 HCS Curriculum: Career Technology 9 Unit - Cost, price, and volume analysis Guiding Question: How do the costs of doing business affect business decisions? Explain the difference between total costs and unit costs Explain the difference between fixed costs and variable costs Calculate contribution margin and contribution margin per unit Calculate the break- even point Break even analysis Describe the effect of sales volume changes on net income Determine the sales required to earn a planned net income Income Statement 7 Analyze the effect of changing costs of a product Income Statement 8 Analyze the effect of sales price, volume, and Income Statement sales mix changes Unit - Evaluation and Control Guiding Question: How does evaluation and control affect business decisions? Explain how financial ratios are used Calculate and evaluate profitability ratios Calculate and evaluate market-value ratios Calculate and evaluate liquidity ratios Calculate and evaluate debt ratios Calculate and evaluate accounts receivable turnover ratio 7 Calculate and evaluate the merchandise inventory ratio 8 Utilize voucher method related to accounts payable and expenses Page 9 of Comparative Income Statement Comparative Income Statement Summary Report
10 HCS Curriculum: Career Technology 9 Unit - The Time Value of Money Guiding Question: How does the time value of money affect business decisions? Evaluate decisions about single sums of money using future value calculations Evaluate decisions about single sums of money using present value calculations Evaluate decisions about annuities using future value calculations Evaluate decisions about annuities using present value calculations Calculate the present and future values of an annuity date Summary Report Utilize research to analyze current accounting issues for their impact on society Unit - Organizing a Corporation and Paying Dividends Guiding Question: How does a corporation differ from other types of business organizations? Suggested Resources: Century Advanced Accounting, 9 th Ed. Define and identify accounting concepts related to corporate accounting Journalize transactions related to starting a corporation Journals Journalize transactions related to stock subscription Journals Prepare a balance sheet related for a newly formed corporation Balance Sheet Calculate dividends for a corporation Journalize transactions of a corporation related to declaring and paying dividends Journals Page 0 of
11 HCS Curriculum: Career Technology 9 Unit 7- Acquiring Additional Capital for a Corporation Guiding Question: How does a corporation acquire additional capital in order to expand operations? Define and identify terms, concepts and practices related to acquiring capital for a corporation Journalize entries for issuing additional capital stock Journals Journalize entries for buying and selling treasury stock Journals Journalize entries for bonds payable Journals Unit 8- Financial Analysis and Reporting for a Corporation : Guiding Question: Why do corporations complete and analyze financial statements? Define and identify concepts and practices related to financial analysis and reporting for a corporation Prepare a work sheet for a corporation Work Sheet Calculate federal income tax for a corporation Prepare and analyze financial statement s for a corporation Financial Statements Prepare selected end of fiscal period work for a corporation Alabama Course of Study Correlation: Career Technical Education COS Title Advanced Accounting Bulletin 008 Page of
12 HCS Curriculum: Career Technology 9 # COS Standards HCS Unit- Objective Apply accounting procedures for calculating, journalizing, and posting entries related to bad debt. 7.- Use accounting procedures related to the life cycle of fixed assets. 8.- Apply the Last In First Out (LIFO), First In First Out (FIFO), and weighted cost methods to estimate the cost of merchandise inventory..- Determine accounting procedures for calculating and recording interest and maturity dates for notes payable and notes receivable. 9.- Utilize accounting procedures for recording the adjusting, closing, and reversing entries for accrued revenues and expenses. 0.- Demonstrate accounting procedures for paying dividends and acquiring.- additional capital Demonstrate accounting practices needed to complete financial.- statements, analyze cash flow, and critique projected budgets Apply analysis ratios to evaluate solvency and earning power..- 9 Critique accounting decisions for ethical considerations..- 0 Explain legal requirements for forming and dissolving various business organizations. 8.- Apply cost accounting procedures to complete transactions and financial statements for a merchandising business. Use cost accounting procedures to journalize entries for initial investment and for liquidation. Explain the voucher method as it relates to preparation and payment of accounts payable and expenses. Determine career and entrepreneurial opportunities, responsibilities, and educational credentialing requirements related to specialized accounting professions. Utilize research results to analyze current accounting issues for their impact on society. Additional Notes / Resources: Each student should have the use of his/her own workstation Guest speakers should be utilized throughout to expose students to different types of CPA roles in business Page of
Hoover City Schools Secondary Curriculum Document Career Technical Education, 2009-2010
Links to Document Content: HCS Curriculum: Career Technology 9 Accounting Hoover City Schools Secondary Curriculum Document Career Technical Education, 009-00 Basic Course Information Instructional Sequence
More informationCENTURY 21 ACCOUNTING, 8e General Journal Chapter Objectives
CENTURY 21 ACCOUNTING, 8e General Journal Chapter Objectives Chapter 1 Starting A Proprietorship: Changes that Affect the Accounting Equation After studying Chapter 1, you will be able to: 1. Define accounting
More informationHow To Account For A Corporation
Competency: Financial Statements 1. Describe the different types of financial statements; explain their purpose and compare the difference. 2. Prepare a trial balance, a worksheet (8 and 10 columns), and
More informationACC 120 PRINCIPLES OF FINANCIAL ACCOUNTING
ACC 120 PRINCIPLES OF FINANCIAL ACCOUNTING COURSE DESCRIPTION: Prerequisites ENG 090, and RED 090 or DRE 098; MAT 070 or DMA 010, 020, 030, 040, or satisfactory score on placement test Corequisites: None
More informationPROFESSOR S NAME ACC 255 FALL 2011 COVER SHEET FOR COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8)
COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) Page 137 NAME ANSWER KEY PROFESSOR S NAME SECTION SCORE ACC 255 FALL 2011 COVER SHEET FOR COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) INSTRUCTIONS: COMPLETE ALL
More informationTOPIC LEARNING OBJECTIVE
Topic Mapping 1 Transaction Analysis Understand the effect of various types of transactions on the accounting equation, accounting journal and accounting ledger. Concepts and Skills Accounting Equation
More informationACC 135. Course Package
1 ACC 135 Accounting Systems and Procedures Course Package Approved August 6, 2009 2. COURSE PACKAGE FORM Contact person(s) Dr. Eric Aurand, Dr. James Childe Date of proposal to Fall 2009 Curriculum Committee
More informationAccounting. Charles T. Horngren. Stanford University. Walter Harrison Jr. Baylor University. IVL Suzanne Oliver. Northwest Florida State College
Accounting EIGHTH EDITION Charles T. Horngren Stanford University Walter Harrison Jr. Baylor University IVL Suzanne Oliver Northwest Florida State College Pearson Education International Contents CHAPTER
More informationWORK PROCESS SCHEDULE ACCOUNTING TECHNICIAN O*NET-SOC CODE: 43-3031.00 RAIS CODE: 1125HY
Accounting Technician 1 WORK PROCESS SCHEDULE ACCOUNTING TECHNICIAN O*NET-SOC CODE: 43-3031.00 RAIS CODE: 1125HY DESCRIPTION: Compute, classify, and record numerical data to keep financial records complete.
More informationCentury 21 Accounting, 8e General Journal Chapter Outlines
Century 21 Accounting, 8e General Journal Chapter Outlines PART 1 Chapter 1 ACCOUNTING FOR A SERVICE BUSINESS ORGANIZED AS A PROPRIETORSHIP Starting A Proprietorship: Changes that Affect the Accounting
More informationHoover City Schools Secondary Curriculum Document Career Technical Education, 2009-2010
Links to Document Content: HCS Curriculum: Career Technology 9 Hoover City Schools Secondary Curriculum Document Career Technical Education, 009-00 Basic Course Information Instructional Sequence Instructional
More informationPrinciples of Financial Accounting ACC-101-TE. TECEP Test Description
Principles of Financial Accounting ACC-101-TE TECEP Test Description This TECEP is an introduction to the field of financial accounting. It covers the accounting cycle, merchandising concerns, and financial
More informationFinancial Accounting by Michael P. Licata, Ph.D. Course Syllabus and Learning Objectives by Chapter
Financial Accounting by Michael P. Licata, Ph.D. Course Syllabus and Learning Objectives by Chapter Basic Course Description Financial Accounting by Michael P. Licata, Ph.D. is a first accounting course
More informationCOMPUTERIZED ACCOUNTING II Curriculum Content Frameworks
COMPUTERIZED ACCOUNTING II Curriculum Content Frameworks Please note: All assessment questions will be taken from the knowledge portion of these frameworks. Prepared by Loretta Burgess, Greenbrier High
More informationAdvanced Placement (AP) Accounting
Advanced Placement (AP) Accounting The Advanced Placement (AP) Accounting Course is a full academic year course. The course is based on high school teachers having 120 contact hours with students from
More informationSYLLABUS. Title: Principles of Accounting I
Code: ACCT101 Institute: Business & Social Science Title: Principles of Accounting I Department: Accounting Course Description: An introduction to basic concepts and principles of recording and posting
More informationIncome Measurement and Profitability Analysis
PROFITABILITY ANALYSIS The following financial statements for Spencer Company will be used to demonstrate the calculation of the various ratios in profitability analysis. Spencer Company Comparative Balance
More informationReeve Warren Duchac. James M. Reeve. Professor Emeritus of Accounting University of Tennessee, Knoxville
Reeve Warren Duchac 10e James M. Reeve Professor Emeritus of Accounting University of Tennessee, Knoxville Carl S. Warren Professor Emeritus of Accounting University of Georgia, Athens Jonathan E. Duchac
More information2014-2015 High School Accounting II Curriculum Map
2014-2015 High School Accounting II Curriculum Map Rev. 6/16/2014 Harrison School District Two Curriculum Map Pacing Guide The curriculum map is a paced guide to the curriculum. It is a planning tool to
More informationBUS 221 FINANCIAL ACCOUNTING
BUS 221 FINANCIAL ACCOUNTING PRESENTED AND APPROVED: AUGUST 9, 2012 EFFECTIVE: FALL 2013-14 Prefix & Number BUS 221 Course Title: Financial Accounting Purpose of this submission: New X Change/Updated Retire
More information國 立 體 育 學 院 九 十 六 學 年 度 學 士 班 轉 學 考 試 試 題
國 立 體 育 學 院 九 十 六 學 年 度 學 士 班 轉 學 考 試 試 題 會 計 學 ( 本 試 題 共 8 頁 ) 注 意 :1 答 案 一 律 寫 在 答 案 卷 上, 否 則 不 予 計 分 2 請 核 對 試 卷 准 考 證 號 碼 與 座 位 號 碼 三 者 是 否 相 符 3 試 卷 彌 封 處 不 得 汚 損 破 壞 4 行 動 電 話 或 呼 叫 器 等 通 訊 器 材 不
More informationAdvanced Placement (AP) Accounting Course & Exam Pilot Program Course Outline, Learning Objectives and Student Outcomes
Advanced Placement (AP) Accounting Course & Exam Pilot Program Course Outline, Learning Objectives and Student Outcomes Course Overview The Advanced Placement (AP) Accounting Course & Exam Pilot Program
More informationACC 255 FINAL EXAM REVIEW PACKET (NEW MATERIAL)
Page 1 ACC 255 FINAL EXAM REVIEW PACKET (NEW MATERIAL) Complete these sample exam problems/objective questions and check your answers with the solutions at the end of the review file and identify where
More informationADVANCED ACCOUNTING (02) REGIONAL 2006
13 Pages Contestant Number Time Rank ADVANCED ACCOUNTING (02) REGIONAL 2006 Objective Questions (30 @ 2 points each) Job 1 Income Statement Job 2 Statement of Retained Earnings Job 3 Balance Sheet (60
More information中 原 大 學 95 學 年 度 轉 學 考 招 生 入 學 考 試
中 原 大 學 95 學 年 度 轉 學 考 招 生 入 學 考 試 7 月 12 日 14:00~15:30 商 學 群 組 二 年 級 科 目 : 會 計 學 ( 共 七 頁 第 一 頁 ) 可 使 用 計 算 機, 惟 僅 限 不 具 可 程 式 及 多 重 記 憶 者 一 MULTIPLE CHOICE QUESTIONS: (50%) 誠 實 是 我 們 珍 視 的 美 德, 我 們 喜
More information1. A set of procedures for controlling cash payments by preparing and approving vouchers before payments are made is known as a voucher system.
Accounting II True/False Indicate whether the sentence or statement is true or false. 1. A set of procedures for controlling cash payments by preparing and approving vouchers before payments are made is
More informationACCOUNTING 105 CONCEPTS REVIEW
ACCOUNTING 105 CONCEPTS REVIEW A note from the tutors: This handout is designed to help you review important information as you study for your cumulative final exam. While it does cover many important
More informationAccounting Pilot & Bridge Project Course Outline, Learning Objectives and Student Outcomes
Accounting Pilot & Bridge Project Course Outline, Learning Objectives and Student Outcomes Course Overview The Accounting Pilot & Bridge Project is a year-long course based on high school teachers having
More informationAdvanced Placement (AP) Accounting Course and Exam Pilot Program Course Outline, Learning Objectives and Student Outcomes
Advanced Placement (AP) Accounting Course and Exam Pilot Program Course Outline, Learning Objectives and Student Outcomes Course Overview The Advanced Placement (AP) Accounting Course and Exam Pilot Program
More informationThe learners shall be able to
Grade: 12 Course Title: Fundamentals of Accountancy, Business and Management 2 Semester: 1 st Semester, 1 st Quarter No. of Hours/ Semester: 80 hours/ semester Prerequisite: Fundamentals of Accountancy,
More informationAdvanced Placement (AP) Accounting Course & Exam Pilot Program Course Outline, Learning Objectives and Student Outcomes
Advanced Placement (AP) Accounting Course & Exam Pilot Program Course Outline, Learning Objectives and Student Outcomes Course Overview The Advanced Placement (AP) Accounting Course & Exam Pilot Program
More informationRAPID REVIEW Chapter Content
RAPID REVIEW BASIC ACCOUNTING EQUATION (Chapter 2) INVENTORY (Chapters 5 and 6) Basic Equation Assets Owner s Equity Expanded Owner s Owner s Assets Equation = Liabilities Capital Drawing Revenues Debit
More informationAccounting Skills Assessment Practice Exam Page 1 of 10
NAU ACCOUNTING SKILLS ASSESSMENT PRACTICE EXAM & KEY 1. A company received cash and issued common stock. What was the effect on the accounting equation? Assets Liabilities Stockholders Equity A. + NE +
More information2-8. Identify whether each of the following items increases or decreases cash flow:
Problems 2-8. Identify whether each of the following items increases or decreases cash flow: Increase in accounts receivable Increase in notes payable Depreciation expense Increase in investments Decrease
More informationIntroductory Financial Accounting Course Outline
Aboriginal Financial Officers Association of Alberta Introductory Financial Accounting Course Outline ACCT 210: INTRODUCTORY FINANCIAL ACCOUNTING I... 1 ACCT 240: INTRODUCTORY FINANCIAL ACCOUNTING II...
More informationCash in bank checking account $22,500 U.S. treasury bills 5,000 Cash on hand 1,350 Undeposited customer checks 1,840 Total $30,690 Requirement 2
Chapter 7 Solutions EXERCISES Exercise 7 2 Cash and cash equivalents includes: Cash in bank checking account $22,500 U.S. treasury bills 5,000 Cash on hand 1,350 Undeposited customer checks 1,840 Total
More informationSalem Community College Course Syllabus. Section I. Course Title: Principles Of Accounting I. Course Code: ACC121
Salem Community College Course Syllabus Section I Course Title: Principles Of Accounting I Course Code: ACC121 Lecture Hours: 4 Lab Hours: 0 Credits: 4 Course Description: An introduction to accounting
More informationGBA 521 Midterm Review Dr. Markelevich
GBA 521 Midterm Review Dr. Markelevich Multiple Choice (3 points for each question) Identify the letter of the choice that best completes the statement or answers the question. Wynn Corp. Wynn Corp. reported
More information* * * Chapter 15 Accounting & Financial Statements. Copyright 2013 Pearson Education, Inc. publishing as Prentice Hall
Chapter 15 Accounting & Financial Statements Copyright 2013 Pearson Education, Inc. publishing as Prentice Hall Bookkeeping vs. Accounting Bookkeeping Accounting The recording of business transactions.
More informationa. $ 65,000. b. $ 80,000. c. $130,000. d. $145,000.
注 意 1. 本 試 題 卷 共 50 題, 總 分 100 分 第 01-15 題, 每 題 1.75 分, 合 計 26.25 分 ; 第 16-35 題, 每 題 2 分, 合 計 40 分 ; 第 36-50 題, 每 題 2.25 分, 合 計 33.75 答 錯 不 倒 扣 2. 請 將 答 案 按 試 題 題 號, 依 序 填 入 答 案 卡 1.FastForward had cash
More informationMIDTERM EXAMINATION. Afaaq_tariq@yahoo.com. Fall 2009
MIDTERM EXAMINATION Afaaq_tariq@yahoo.com Fall 2009 FIN621- Financial Statement Analysis Asslam O Alikum FIN621- Financial Statement Analysis (Session 3) solved by Afaaq n Shani Bhai with reference n numerical
More informationAccounting 303 Final Examination. Part I True-False (1 point each, 12 points total) If true, circle "T" on the answer sheet, if false, circle "F".
Accounting 303 Final Examination Name Part I True-False (1 point each, 12 points total) If true, circle "T" on the answer sheet, if false, circle "F". 1. The Financial Accounting Standards Board (FASB)
More information2. The balance in a deferred revenue account represents an amount that is Earned Collected a. Yes Yes b. Yes No c. No Yes d. No No.
Multiple choice (36%, 2%each): 1. Failure to record the expired amount of prepaid rent expense would not a. understate expense. b. overstate net income. c. overstate owners' equity. d. understate liabilities.
More informationCoffeyville Community College #07.1543 COURSE SYLLABUS FOR COMPUTERIZED ACCOUNTING. Taasha Viets Instructor
Coffeyville Community College #07.1543 COURSE SYLLABUS FOR COMPUTERIZED ACCOUNTING Taasha Viets Instructor COURSE NUMBER: 07.1543 COURSE TITLE: Computerized Accounting CREDIT HOURS: 3 INSTRUCTOR: OFFICE
More informationPrerequisite: None or as established by individual college. 3.0 semester credit hours/4.5 quarter credit hours/45 contact hours
I. CATALOG DESCRIPTION ACCT-1200 Principles of Accounting I Prerequisite: None or as established by individual college This course is designed to provide introductory knowledge of accounting principles,
More informationExpected Competencies. (The enhanced course must include the following competencies.)
Accounting I (BACCT-TP) 1202210T High School Course College WECM Equivalent Introduction to Accounting I ACNT 1303 or ACNT 1403 (or ACNT 1003 CEU) AND Introduction to Accounting II ACNT 1304 or ACNT 1404
More informationDetailed competency map: Knowledge requirements. (AAT examination)
Detailed competency map: Knowledge requirements (AAT examination) Fields of competency The items listed are shown with an indicator of the minimum acceptable level of competency, based on a three-point
More informationACCOUNTING COMPETENCY EXAM SAMPLE EXAM. 2. The financial statement or statements that pertain to a stated period of time is (are) the:
ACCOUNTING COMPETENCY EXAM SAMPLE EXAM 1. The accounting process does not include: a. interpreting d. observing b. reporting e. classifying c. purchasing 2. The financial statement or statements that pertain
More informationThe Statement of Cash Flows Direct Method
23 The Statement of Cash Flows Direct Method DEMONSTRATION PROBLEM The financial statements of Bolero Corporation follow. Copyright Houghton Mifflin Company. All rights reserved. 1 Bolero Corporation Income
More information1. Operating, Investment and Financial Cash Flows
1. Operating, Investment and Financial Cash Flows Solutions Problem 1 During 2005, Myears Oil Co. had gross sales of $1 000,000, cost of goods sold of $400,000, and general and selling expenses of $300,000.
More informationTHE UNIVERSITY OF THE WEST INDIES, ST. AUGUSTINE FACULTY OF SOCIAL SCIENCES DEPARTMENT OF MANAGEMENT STUDIES
THE UNIVERSITY OF THE WEST INDIES, ST. AUGUSTINE FACULTY OF SOCIAL SCIENCES DEPARTMENT OF MANAGEMENT STUDIES ACCT 1002 INTRODUCTIION TO FINANCIAL ACCOUNTING COURSE OUTLINE NO. OF CREDITS: 3 LEVEL: I PREREQUISITES:
More informationBUSINESS BOOKS. Accounting SIXTH EDITION. Peter J. Eisen Assistant Principal Retired Accounting & Business Practice N.YC. Department of Education
BUSINESS BOOKS Accounting SIXTH EDITION Peter J. Eisen Assistant Principal Retired Accounting & Business Practice N.YC. Department of Education BARRON'S CONTENTS Preface ix 1 THE ACCOUNTING EQUATION I
More informationFINANCIAL MANAGEMENT
100 Arbor Drive, Suite 108 Christiansburg, VA 24073 Voice: 540-381-9333 FAX: 540-381-8319 www.becpas.com Providing Professional Business Advisory & Consulting Services Douglas L. Johnston, II djohnston@becpas.com
More informationAtthapol Charoenkietkrai ACG2021 Section 2
Atthapol Charoenkietkrai ACG2021 Section 2 Amazon has been in a good position for the last few years and still on a rise. The assets have increased, and the debt has decreased. The company has exponentially
More informationEngineering Economics 2013/2014 MISE
Problem: JS, Inc. shows the following accounting records for 2011: Sales commissions 15000 Beginning merchandise inventory 16000 Ending merchandise inventory 9000 Sales 185000 Advertising 10000 Purchases
More informationSection A: Questions On Fill In The Blanks
Section A : 26 FILL IN THE BLANK Section B : 10 TRUE OR FALSE QUESTIONS Section C : 11 Multiple Choice Questions Section A: Questions Fill In The Blanks the right column please insert the items from which
More informationVol. 1, Chapter 7 The Statement of Cash Flows
Vol. 1, Chapter 7 The Statement of Cash Flows Problem 1: Solution Transaction # Identification 1 Operating 2 Investing 3 Noncash transaction 4 Financing 5 Noncash transaction 6 Operating 7 Investing 8
More informationEMERSON AND SUBSIDIARIES CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED)
CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED) TABLE 1 Quarter Ended March 31, Percent Change Net Sales $ 5,854 $ 5,919 1% Costs and expenses: Cost of sales 3,548 3,583
More informationAccounting 303 Exam 3, Chapters 7-9 Fall 2012 Section Row
Accounting 303 Name Exam 3, Chapters 7-9 Fall 2012 Section Row I. Multiple Choice Questions. (2 points each, 34 points in total) Read each question carefully and indicate your answer by circling the letter
More informationChapter 6 Statement of Cash Flows
Chapter 6 Statement of Cash Flows The Statement of Cash Flows describes the cash inflows and outflows for the firm based upon three categories of activities. Operating Activities: Generally include transactions
More informationReport Description. Business Counts. Top 10 States (by Business Counts) Page 1 of 16
5-Year County-Level Financial Profile Industry Report Architectural Services (SIC Code: 8712) in Prince George County, Maryland Sales Range: $500,000 - $999,999 Date: 11/07/08 Report Description This 5-Year
More informationACCOUNTANCY (CLASSES XI-XII)
ACCOUNTANCY (CLASSES XI-XII) Rationale 136 The course in Accountancy is introduced at + 2 stage of Senior education, as mal commerce education is provided after first ten years of schooling. With the fast
More informationUNDERSTANDING FINANCE AND MEMBER EQUITY MY EXPERIENCE AGENDA
UNDERSTANDING FINANCE AND MEMBER EQUITY A Special Presentation for the Strengthening Cooperation Workshop February 21, 2006 by Brian Henehan Senior Extension Associate Cornell Cooperative Enterprise Program
More informationConsolidated Balance Sheets
Consolidated Balance Sheets March 31 2015 2014 2015 Assets: Current assets Cash and cash equivalents 726,888 604,571 $ 6,057,400 Marketable securities 19,033 16,635 158,608 Notes and accounts receivable:
More informationINDICE Preface Part 1 the accounting cycle 1 Accounting, the language of business What is accounting?
INDICE Preface XV Part 1 the accounting cycle 1 Accounting, the language of business 2 What is accounting? The purpose and nature and accounting information, creating accounting information. Communicating
More informationSample Test for entrance into Acct 3110 and Acct 3310
Sample Test for entrance into Acct 3110 and Acct 3310 1. Which of the following financial statements could properly have the following in the date line: For the Year Ended December 31, 2010"? a. Balance
More informationStatement of Cash Flows
PREPARING THE STATEMENT OF CASH FLOWS: THE INDIRECT METHOD OF REPORTING CASH FLOWS FROM OPERATING ACTIVITIES The work sheet method described in the text book is not the recommended approach. We will provide
More informationFinancial Formulas. 5/2000 Chapter 3 Financial Formulas i
Financial Formulas 3 Financial Formulas i In this chapter 1 Formulas Used in Financial Calculations 1 Statements of Changes in Financial Position (Total $) 1 Cash Flow ($ millions) 1 Statements of Changes
More informationChapter 8. Reporting and Analyzing Receivables
Chapter 8 Reporting and Analyzing Receivables Study Objective 1 - Identify the Different Types of Receivables The term receivables refers to amounts due from individuals and companies. Receivables are
More informationMc Graw Hill Education
Fundamentals of FINANCIAL ACCOUNTING Fifth Edition FRED PHILLIPS University of Saskatchewan ROBERT LIBBY Cornell University PATRICIA A. LIBBY Ithaca College Mc Graw Hill Education CHARTER 1 Business Decisions
More information國 立 體 育 大 學 100 學 年 度 學 士 班 轉 學 考 試 試 題 休 閒 產 業 經 營 學 系 二 年 級 會 計 學 ( 本 試 題 共 8 頁 )
國 立 體 育 大 學 100 學 年 度 學 士 班 轉 學 考 試 試 題 休 閒 產 業 經 營 學 系 二 年 級 會 計 學 ( 本 試 題 共 8 頁 ) 注 意 : 1. 答 案 一 律 寫 在 答 案 卷 上, 否 則 不 予 計 分 2. 請 核 對 試 卷 准 考 證 號 碼 與 座 位 號 碼 三 者 是 否 相 符 3. 試 卷 彌 封 處 不 得 汚 損 破 壞 4. 行
More informationScore: Pass/Fail. Purchase Returns and Allowances. Sales Returns and Allowances. Journal entries The accounting equation Treasury Stock
Walsh College Fundamental Financial Accounting Student Name: Practice Evaluation Exam Phone/Email: Date: This evaluation exam will be used to determine your knowledge of Financial Accounting and to assist
More informationIn the event of a tie, the score on the last ten questions will be used as a tie-breaker.
NEW YORK STATE ASSOCIATION FUTURE BUSINESS LEADERS OF AMERICA SPRING DISTRICT MEETING ACCOUNTING II 2010 TEST DIRECTIONS 1. Complete the information requested on the answer sheet. PRINT your name on the
More informationConsolidated Financial Results for Six Months Ended September 30, 2007
Consolidated Financial Results for Six Months Ended September 30, 2007 SOHGO SECURITY SERVICES CO., LTD (URL http://ir.alsok.co.jp/english) (Code No.:2331, TSE 1 st Sec.) Representative: Atsushi Murai,
More informationMerchandise Inventory, Cost of Goods Sold, and Gross Profit. Pr. Zoubida SAMLAL
Merchandise Inventory, Cost of Goods Sold, and Gross Profit Pr. Zoubida SAMLAL 1 Accounting for Inventory Inventory (balance sheet) = Number of units of inventory on hand X Cost per unit of inventory Cost
More informationFACULTEIT DER ECONOMISCHE WETENSCHAPPEN EN BEDRIJFSKUNDE Afdeling ACCOUNTING DECEMBER 23, 2005
FACULTEIT DER ECONOMISCHE WETENSCHAPPEN EN BEDRIJFSKUNDE Afdeling ACCOUNTING (FAB) DECEMBER 23, 2005 Read this first before you start the exam. The exam contains 9 pages and 5 assignments. The duration
More information9. Short-Term Liquidity Analysis. Operating Cash Conversion Cycle
9. Short-Term Liquidity Analysis. Operating Cash Conversion Cycle 9.1 Current Assets and 9.1.1 Cash A firm should maintain as little cash as possible, because cash is a nonproductive asset. It earns no
More information! "#$ %&!& "& ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& "#$ ) &!&.
! "#!""#$%$#$#$"& $'"()*+,$-).,/ 012! "#$ %&!& "& '!(&)!*&%+,-).//0 -#$#3-4' &,'1$1# $!-!(.//0)& +01+///2 *&& - 3+4 &*!&-.,,5///2!(.//+ &!(!-6%(!(.//.$(!(.//0)& 01,///2 //+2% &*!&- 5,0///2 //32%!(.//+
More informationConsolidated Interim Earnings Report
Consolidated Interim Earnings Report For the Six Months Ended 30th September, 2003 23th Octorber, 2003 Hitachi Capital Corporation These financial statements were prepared for the interim earnings release
More informationFinancial & Manageria. Accounting. Charles T. Horngren. Stanford University. Walter T. Harrison Jr. Baylor University. M.
Financial & Manageria Accounting THIRD EDITION Charles T. Horngren Stanford University Walter T. Harrison Jr. Baylor University M. Suzanne Oliver University of West Florida PEARSON Pearson Education International
More informationCOURSE GUIDELINE--Accounting
COURSE GUIDELINE--Accounting Grade: 9- (Elective Course, offered one semester at a time) SUBJECT: Accounting TEACHER: Reimer STANDARD QTR. RESOURCES STRATEGIES ASSESSMENTS. Define accounting and explain
More informationCHAPTER 23. Statement of Cash Flows 1, 2, 7, 8, 12 3, 4, 5, 6, 16, 17, 19 9, 20 4, 5, 9, 10, 11 10, 13, 15, 16. 7. Worksheet adjustments.
CHAPTER 23 Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Format, objectives purpose, and source of statement.
More informationGlossary of Accounting Terms
Glossary of Accounting Terms Account: A record that holds the results of financial transactions. Accountant's Equation: The equation that is the basis of the Balance Sheet: Assets = Liabilities + Owners'
More informationHow To Read The Financial Results Of 20Xx And 200X
Name SAMPLE Financial Statements December 31, 20XX CPA Accounting Firm Name Table of Contents Page Accountant s Review Report 1 Financial Statements Balance Sheet 2 Income Statement 3 Schedule of General
More informationEXERCISES. The cash from operating activities detail is provided as follows for class discussion:
EXERCISES Ex. 14 1 There were net additions, such as depreciation and amortization of intangible assets of $389 million, to the net loss reported on the income statement to convert the net loss from the
More informationFinancial Accounting: Assets FA 2 Module 6. Handouts. Current financial assets And current liabilities. Presented by: Laura Dallas, CGA
Accounting: Assets FA 2 Module 6 Handouts Current financial assets And current liabilities Presented by: Laura Dallas, CGA Note: this information is prepared from the best information I have available
More information02.Murray Company debited Prepaid Insurance for $960 on July 1, 1998 for a one-year
八 十 八 學 年 度 會 計 學 考 古 題 題 目 難 易 的 順 序 ( 難 易 ) 為 : I III II I Multiple Choice (74%) 01.The purchase of office equipment for $15,000 cash a. is a cash outflow from financing activities. b. is a cash outflow
More information13:11. Statement of Cash Flows. Chapter. Illustration. Statement of Cash Flows- summary. Overview
Overview Statement of Cash Flows Chapter 23 BECAUSE of the SCF, users of the financial statements get the best of both worlds! SCF bridges the gap created by paper income resulting from applying an accrual
More informationLiquidity analysis: Length of cash cycle
2. Liquidity analysis: Length of cash cycle Operating cycle of a merchandising firm: number of days it takes to sell inventory + number of days until the resulting receivables are converted to cash Acquisition
More informationChapter 8 Accounting for Receivables
Chapter 8 Accounting for Receivables Accounts Receivable Accounts Receivables are current assets. They are usually expected to be collected within 30 days. Allowance Method and Bad Debt Expense 2 methods:
More informationUniversity of Waterloo Final Examination. Term: Fall Year: 2005. Core Concepts of Accounting Information
University of Waterloo Final Examination Term: Fall Year: 2005 Student Name Solution UW Student ID Number Course Abbreviation and Number AFM 101 Course Title Core Concepts of Accounting Information Section(s)
More informationPBL: Accounting for Professionals. Competency: Accounts Concepts, Principles, Terminology
Competency: Accounts Concepts, Principles, Terminology 1. Identify and apply Generally Accepted Accounting Principles (GAAP). 2. Apply the steps in the Accounting cycle. 3. Post and analyze transactions
More informationCourse 1: Evaluating Financial Performance
Excellence in Financial Management Course 1: Evaluating Financial Performance Prepared by: Matt H. Evans, CPA, CMA, CFM This course provides a basic understanding of how to use ratio analysis for evaluating
More informationAccounting for and Presentation of Current Assets. is used to purchase finished goods or raw materials and labor used to manufacture
CHAPTER 5 Accounting for and Presentation of Current Assets Current assets include cash and those assets that are expected to be converted to cash or used up within one year, or an operating cycle, whichever
More informationYAVAPAI COLLEGE/PRESCOTT UNIFIED SCHOOL DISTRICT District Instructional Guide (DIG) Year-Long Semester Pacing Guide 2015/2016 School Year
YAVAPAI COLLEGE/PRESCOTT UNIFIED SCHOOL DISTRICT District Instructional Guide (DIG) Year-Long Semester Pacing Guide 2015/2016 School Year School: Prescott High dual enrolled with Yavapai College Grade
More informationCHAE Review. Capital Leases & Forms of Business
CHAE Review Financial Statements, Capital Leases & Forms of Business This is a complete review of the two volume text book, Certified Hospitality Accountant Executive Study Guide, as published by The Educational
More informationAccounting Principles Critical to Success Presented By: C. P. Krishnan. www.cakintl.com
Accounting Principles Critical to Success Presented By: C. P. Krishnan Basic Accounting You Need to Know Assets, Liabilities, Equity, Income, & Expenses Assets Includes what you have and what people owe
More information