Scott County School District 1

Accounting I

Accounting introduces the language of business using Generally Accepted Accounting Principles (GAAP) and procedures for proprietorships and partnerships using double-entry accounting. Emphasis is placed on accounting principles as they relate to both manual and automated financial systems. This course involves understanding, analyzing, and recording business transactions and preparing, analyzing, and interpreting financial reports as a basis for decision-making.

Accounting I 1^st Nine Weeks Course Map

Week

Concept

Matched To Standard

Benchmark

Students will be able to…

Activities/ Instructional Strategy

Students will…

Assessments

Tests

Week 1

Chapter 1

Accounting Cycle

ACC-1.1, 1.2, 1.3 1.4

· Define accounting terms related to starting a service business organized as a proprietorship and changes that affect the accounting equation.

· Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.

· Analyze how transactions affect accounts in an accounting equation.

Guided Practice

· Present Notes

· Complete Ch. 1 Work Together Problems

Independent Practice

· On Your Own 1-1, 1-2, 1-3

· Application Problems 1-1, 1-2, 1-3

· Chapter Review

· Audit Your Understanding Problems

· On Your Own Problems

· Application Problems

Week 2

Finish

Chapter 1

Begin

Chapter 2

ACC-1.1, 1.2, 1.3, 1.4, 1.5, 2.1, 2.2, 2.13

· Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.

· Analyze how transactions affect accounts in an accounting equation.

· Understand the concept of Owner’s Equity and what causes it to change.

· Recall the Normal Balance of Assets, Liabilities, and Owner’s Equity

Guided Practice

· Present Notes

· Vocab review

· Chapter 1 Review completed together

· Chapter 2-1, 2-2 work together problems

Independent Practice

· On Your Own Problems

· Audit Your Understanding

· Critical Thinking Case Study

· Study Guide

· Ch. 1 Test

· On Your Own Problems

· Audit Your Understanding Problems

Week 3

ACC-1.1, 1,2, 1.3, 1.6, 1.7, 2.1,

· State the four questions used to analyze a transaction.

· Understand the accounts affected when a business pays or earns cash for something.

· Know the Normal Balance of Accounts used to this point.

· Use T accounts to analyze transactions.

Guided Practice

· Present Notes

· Vocab review

· Chapter 2 Review completed together

· Chapter 2-3 and 2-4 work together problems

Independent Practice

· On Your Own Problems

· Audit Your Understanding

· Application Problems

· On Your Own Problems

· Audit Your Understanding Problems

· Chapter 2 TEST

Week 4

ACC-1.1, 1,2, 1.3, 1.7, 1.8, 1.9

· Post basic General Journal entries for asset accounts.

· List the four parts of a journal entry

· Understand the importance of source documents.

Guided Practice

· Present Notes

· Vocab review

· Chapter 3-1, 3-2 work together problems

Independent Practice

· On Your Own Problems

Audit Your Understanding

· On Your Own Problems

· Audit Your Understanding Problems

Week 5

ACC-1.1, 1,2, 1.3, 1.7, 1.8, 1.9

· General Journal entry method for Liabilities, Owner’s Equity, Sales, as well as Assets.

· Correct Abbreviations for source documents.

· Complete a General Journal page and perform corrections.

Guided Practice

· Present Notes

· Vocab review

· Chapter 3 Review completed together

· Chapter 3-3, 3-4 work together problems

Independent Practice

· On Your Own Problems

Audit Your Understanding

· Study Guide

· Ch. 3 TEST

· On Your Own Problems

· Audit Your Understanding Problems

· Application Problems

Week 6

ACC-1.1, 1,2, 1.3, 1.6, 1.9, 1.10

· Create a Chart of Accounts

· Understand the two parts of an account number

· Perform the steps for opening an account

· Follow the five steps of posting from the general journal to the general ledger

· Understand how to determine if an account balances or not

Guided Practice

· Present Notes

· Vocab review

· Chapter 4-1, 4-2 work together problems

Independent Practice

· On Your Own Problems

Audit Your Understanding

· On Your Own Problems

· Audit Your Understanding Problems

Week 7

ACC-1.1, 1,2, 1.3, 1.6, 1.9, 1.10

· Create a Chart of Accounts

· Understand the two parts of an account number

· Perform the steps for opening an account

· Follow the five steps of posting from the general journal to the general ledger

· Understand how to determine if an account balances or not

· Prove cash

· Analyze and journalize correcting entries

Guided Practice

· Present Notes

· Vocab review

· Chapter 4 Review completed together

· Chapter 4-3 work together problems

Independent Practice

· On Your Own Problems

Audit Your Understanding

· Study Guide

· Ch. 4 TEST

· On Your Own Problems

· Audit Your Understanding Problems

· Application and Mastery Problems

Week 8

ACC-1.1, 1,2, 1.3, 1.4, 1.5, 1.8

· List the three types of endorsements

· Understand the process of writing a check and completing the Bank Account Balance

· Prepare a company check

· Reconcile a Bank Statement

Guided Practice

· Present Notes

· Vocab review

· Chapter 5-1, 5-2 work together problems

Independent Practice

· On Your Own Problems

Audit Your Understanding

· On Your Own Problems

· Audit Your Understanding Problems

Week 9

ACC-1.1, 1,2, 1.3, 1.4, 1.5, 1.8

· Understand the process of journalizing Dishonored Checks, and using Electronic Banking

· Opening Petty Cash

· Replenishing Petty Cash procedures

Guided Practice

· Present Notes

· Vocab review

· Chapter 1 Review completed together

· Chapter 5-3, 5-4 work together problems

Independent Practice

· On Your Own Problems

Audit Your Understanding

· Study Guide

· Ch. 5 TEST

· On Your Own Problems

· Audit Your Understanding Problems

· Application and Mastery Problems

Accounting I 2^nd Nine Weeks Course Map

Week

Concept

Matched To Standard

Benchmark

Students will be able to…

Activities/ Instructional Strategy

Students will…

Assessments

Tests

Week 10

Reinforcement of All Prior Knowledge to this Point

ACC-1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8, 1.9 1.10, 2.1, 2.2, 2.13

· Combine beginning concepts and knowledge to create a General Ledger, Chart of Accounts, and Post to Accounts.

· Design the financial plans for the beginning steps of the business cycle.

Guided Practice

· Present Notes

· Create and Complete the Financial Plans together in class

· Reinforcement Financial Plan Project

Week 11

Chapter 6

ACC-1.11, 1.12

· Construct a worksheet and use it to prepare financial statements and various formats

· Prepare a trial balance and use it to determine necessary adjusting entries including accruals and deferrals

Guided Practice

· Present Notes

· Vocab review

Work Together Problems

Independent Practice

· On Your Own Problems

· Study Guide

· On Your Own Problems

· Audit Your Understanding Problems

Week 12

Finish Chapter 6

ACC-1.11, 1.12

· Construct a worksheet and use it to prepare financial statements and various formats

· Prepare a trial balance and use it to determine necessary adjusting entries including accruals and deferrals

Guided Practice

· Present Notes

· Vocab review

· Chapter 6 Review completed together

Independent Practice

· On Your Own Problems

· Audit Your Understanding

· Application Problems

· On Your Own Problems

· Audit Your Understanding Problems

· Chapter 6 TEST

Week 13

Chapter 7

ACC-1.11, 1.12, 1.13, 2.1, 2.8, 2.13, 2.15, 2.17

· Construct a worksheet and use it to prepare financial statements and various formats

· Prepare a trial balance and use it to determine necessary adjusting entries including accruals and deferrals

· Prepare financial statements in appropriate form and specify the purpose and relationship of each statement.

· Organize the information of the worksheet and create

the Income Statement

· Identify asset types and their effect on financial statements

· Identify liability types and their effect on financial statements

· Identify the components of owner’s equity and their effect on financial statements

· Identify revenues and their effect on financial statements

· Identify expenses and their effect on financial statements

Guided Practice

· Present Notes

· Vocab review

· Chapter 7-1 work together problem

Independent Practice

· On Your Own Problems

Audit Your Understanding

· On Your Own Problems

· Audit Your Understanding Problems

Week 14

Chapter 7

continued

ACC-1.11, 1.12, 1.13, 2.1, 2.8, 2.13, 2.15, 2.17

· Construct a worksheet and use it to prepare financial statements and various formats

· Prepare a trial balance and use it to determine necessary adjusting entries including accruals and deferrals

· Prepare financial statements in appropriate form and specify the purpose and relationship of each statement.

· Organize the information of the worksheet and create the Balance Sheet

· Identify asset types and their effect on financial statements

· Identify liability types and their effect on financial statements

· Identify the components of owner’s equity and their effect on financial statements

· Identify revenues and their effect on financial statements

· Identify expenses and their effect on financial statements

Guided Practice

· Present Notes

· Vocab review

· 7-2 work together problems

Independent Practice

· On Your Own Problems

Audit Your Understanding

· On Your Own Problems

· Audit Your Understanding Problems

Week 15

Finish Chapter 7