Last updated: 7/30/2013
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Business - BUS 332 - Principles of Accounting - Grs. 10-12 - 30-Week

(1) CDOS.C.3b Students who choose a career major will acquire the career-specific technical knowledge/skills necessary to progress toward gainful employment, career advancement, and success in postsecondary programs.
(1) CDOS.E.1 Students will be knowledgeable about the world of work, explore career options, and relate personal skills, aptitudes, and abilities to future career decisions.
(1) CDOS.E.2 Students will demonstrate how academic knowledge and skills are applied in the workplace and other settings.
(1) CDOS.E.3a Students will demonstrate mastery of the foundation skills and competencies essential for success in the workplace.

Unit 4: The Accounting Cycle for a Merchandising Corporation (con't)

Chapter 15: Accounting for Purchases and Cash Payments

Explain the procedures for processing a purchase on account.  Describe the accounts used in the purchasing process.  Analyze transactions relating to the purchase of merchandise.  Record a variety of purchases and cash payment transactions.  Post to the accounts payable subsidiary ledger.  Identify controls over cash. 

Chapter 16: Special Journals: Sales and Cash Receipts

Identify the special journals and explain how they are used in a merchandising business.  Record transactions in sales and cash receipts journals.  Post from the sales and cash receipts journals to customer accounts in the accounts receivable subsidiary ledger.  Post column totals form the sales and cash receipts journals to general ledger accounts.  Prepare a schedule of accounts receivable. 

 Chapter 17: Special Journals:  Purchases and Cash Payments

Explain the purpose of the purchases and cash payments journals.  Record transactions in the purchases and cash payments journals.  Record payroll transactions in the cash payments journal.  Post from the purchases and cash payments journals to the general ledger and accounts payable subsidiary ledger.  Total, prove, and rule the purchases and cash payments journals. Prepare a schedule of accounts payable.  Prove cash. 

Chapter 18: Adjustments and the Ten-Column Work Sheet

Describe the parts of a ten-column work sheet.  Generate trial balances and end-of-period adjustments.  Determine which general ledger accounts to adjust.  Calculate the adjustments.  Prepare a ten-column work sheet.  Journalize the adjustments. 

Chapter 19: Financial Statements for a Corporation

 Explain how to record ownership of a corporation.  Explain the relationship between the worksheet and the financial statements for a merchandising corporation.  Explain how a corporation's financial statements differ from a sole proprietorship.  Analyze the financial data contained on the statements.  Prepare an income statement, statement of retained earnings, and balance sheet.  Describe the statement of cash flows for a merchandising corporation.

Chapter 20:  Completing the Accounting Cycle For a Merchandising Corporation

Journalize closing entries for a merchandising corporation.  Post closing entries to the general ledger accounts.  Prepare a post-closing trial balance.  Describe the steps in the acounting cycle. 

Chapter 21: Accounting for Publicly Held Corporations

Describe the characteristics of the corporate form of business organization.  Prepare jornal entries to record the issue of stock to investors.  Prepare journal entries to record distribution of earnings to owners.  Prepare financial statements for publicly held corporations.




Glencoe Accounting: First-Year Course©2012

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English Language Arts (ELA)

Math, Science & Technology (MST)

Social Studies (SS)

Career Development and Occupational Studies (CDOS)


Unit 4: The Accounting Cycle for a Merchandising Corporation

  • Use these Web resources to gain an understanding of e-commerce.

Report: Online Retail on Easy Street

How E-Commerce Works

How Creating an Online Business Works

Monster Merchant Account

Online, Credit Cards are the Only Way to Buy

Shopping Cart Software



Unit 5: Accounting for Special Procedures

  • Review Management's Discussion and Analysis of Financial Condition and Results of Operations (Item 7) in Dell's Form 10-K for the year ended Jan. 28, special attention to these sections: Gross Margin; Operating Expenses; Selling, General, and Administrative; Research, Development, and Engineering; Capital Expenditures. Also review the Financial Statementsand Notes to Consolidated Financial Statements in the same document.
  • Identify the major points of asset management discussed in the article "Asset Management"
  • List the ideas central to Dell's inventory strategy found in the article "Living in Dell Time"
  • Find out how return on assets (ROA) is calculated and what this ratio measures, using this Web
  • Make a list of Dell's primary revenue generating activities.
  • Make a list of the kinds of assets that Dell might purchase to generate revenues.






Completion of:

Pre and Post Assessments

Completion of:

  1. Workbook Assignments 
  2. Teacher-generated handouts
  3. Computer-generated printouts
    • Quizzes
    • Tests
    • Projects
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