COMPUTERIZED ACCOUNTING II
SABETHA HIGH SCHOOL
COURSE LENGTH: 45 class meetings each semester, 63 minutes in length (62 class hours a semester) 124 a year
GRADE LEVEL: 11
PREREQUISTE: Accounting I
TEXTBOOKS, PRACTICE SETS/OTHER PUBLISHED MATERIAL:
Book: Glencoe Accounting Advanced Books, Glencoe, McGraw-Hill
Practice set: Import Expression
HARDWARE AND SOFTWARE:
Hardware Configuration (See Table)
Software Configuration (See Table)
Peripheral Device and Other Technology (See Table)
Business and Computer Technology (See Table)
COURSE DESCRIPTION: Accounting II is a computerized class that processes information and reports it to interested users.
METHOD OF TEACHING: Chapter Discussion will be presented by chalkboard, transparencies, and PowerPoint presentations. Reinforcement of these applications will be done manually in the workbook, on the computer using peach tree and spreadsheet. And throughout test.
GRADING METHOD: Grades will be determined by student’s performance on assignments, packets, computerized problems, and chapter test. Students will also be required to complete 3-ring notebook of all their work. The USD #441 School grading policy will be used to determine letter grades.
Sabetha Grading Scale…School Policy
97-100 = A+
93-96 = A
90-92 = A-
87-89 = B+
83-86 = B
80-82 = B-
77-79 = C+
73-76 = C
70-72 = C-
67-69 = D+
63-66 = D
60-62 = D-
59 & below = F
OUTLINE:
I. Reviewing The First Five Steps In The Accounting Cycle
a. Reviewing Accounting Concepts
b. Journalizing Business Transactions
c. Posting, proving accuracy and preparing the trial balance
II. Reviewing The Final Five Steps In The Accounting Cycle
a. The ten column work sheet
b. Preparing financial statements
c. Journalizing and posting the closing entries and the post-closing trial balance
III. Cash, Short-Term Investments, and Accounts Receivable
a. Accounting for cash and short-term investments
b. Accounting for accounts receivable
IV. Notes Receivable
a. Negotiable instruments
b. Notes receivable
c. Discounting notes receivable
V. Accounting For Inventories
a. Determining the quantity of inventories
b. Assigning costs to ending inventory
c. Inventory valuation, reporting and analysis
VI. Property, Plant, and Equipment Assets and Intangible Assets
a. Determining costs and depreciation of plant assets
b. Calculating and recording depreciation
c. Disposing of plant assets
VII. Notes Payable, Accounts Payable, and Other Current Liabilities
a. Interest-bearing notes payable
b. Non-interest-bearing notes payable
c. Accounts payable and other current liabilities
VIII. Long-Term Liabilities
a. Acquiring funds
b. Bonds payable transactions
c. Redemption of bonds and the bond sinking fund
IX. Stockholders’ Equity: Contributed Capital
a. Forming a corporation
b. Issuing common and preferred stock
c. Issuing no-par stock and stock subscriptions
X. Stockholders’ Equity: Earnings and Distributions
a. Dividends and stock splits
b. Accounting for treasury stock
c. Accounting for the appropriation of retained earnings
XI. The Work Sheet, Adjustments, and Financial Statements
a. The eight column work sheet
b. Preparing end-of-period financial statements analyzing financial reports
XII. Analyzing and Interpreting Financial Statements
a. Horizontal analysis
b. Vertical analysis
c. Working capital and ratio analysis
XIII. The Statement Of Cash Flows
a. Understanding cash flows
b. Preparing the statement of cash flows—operating activities
c. Completing the statement of cash flows
XIV. Partnerships: Formation, Dissolution, and Liquidation
a. Accounting for a partnership
b. Dissolution of a partnership
c. Liquidation of a partnership
XV. Partnerships: Division of Profits and Losses
a. Dividing profits and losses
b. Dividing profits and losses based on salary or interest allowances
c. Preparing financial statements for a partnership
XVI. Not-For-Profit Organizations: Budgeting and Control
a. The budgeting process
b. Preparing a budget
c. Controlling the budget
XVII. Not-For-Profit Organizations: Financial Reporting
a. Statement of activities
b. Statement of financial position
c. Notes to financial statements
XVIII. Departmental Accounting Systems
a. Accounting by department
b. Departmental operating expenses
c. Net income from operations by department
XIX. Branch Accounting
a. Multi-store businesses
b. Journalizing transactions in a centralized accounting system
c. End-of-fiscal-period procedures
XX. Internal Control and the Voucher System
a. The voucher system
b. Transactions requiring special treatment
XXI. Manufacturing Accounting
a. Manufacturing activities
b. Year-end activities
XXII. Product Costing: Job Order and Process Cost Accounting Systems
a. Costing a product by job order
b. Costing a product by process analyzing financial reports
XXIII. Managerial Cost Control
a. Cost behavior: variable and fixed analyzing financial reports
b. Cost behavior: mixed
XXIV. Cost-Volume-Profit Relationships
a. The contribution margin
b. Analyzing profit costs
XXV. Using Cost Data For Pricing Decisions
a. Cost-plus pricing
b. Time and materials pricing
COURSE COMPETENCIES: See course competency profile.
CAREER DEVELOPMENT SKILLS PROFILE: See course competency profile.
INTEGRATION OF ACADEMICS: See course competency profile.
LEADERSHIP: See course competency profile.