accounting principles

Accounting I Lesson Plans

Accounting I Lesson Plans 2010-2011

CENTURY 21 ACCOUNTING, 9e

Multicolumn Journal

Lesson PlansChapter ObjectivesAccounting Concepts

Online lessonsChapter OutlinesKey Terms and Definitions Chapters 1-24

State Standards

A1.2.2 Prepare and comprehend proper cash management techniques.

Prepare a petty cash form

A1.3.2 Apply the accounting equation as a guide to journalize basic transactions into a journal.

Specify various journals such as general journal, multi-column journal and / or special journal

Computer software may be utilized to perform journalizing to demonstrate journal usage

Apply the double-entry system of accounting to record business transactions Total, prove and rule journalsAfter studying Chapter 13, you will be able to:

1. Define accounting terms related to payroll accounting, taxes, and reports.

2. Identify accounting concepts and practices related to payroll accounting, taxes, and reports.

3. Analyze payroll transactions and record a payroll.

4. Record employer payroll taxes.

5. Prepare selected payroll tax reports.

6. Pay and record withholding and payroll taxes.

May 2-13Chapter 13 ProblemsApril 24-29

Chapter 13 ProblemsApril 18-22

Chapter 13 ProblemsChapter 12Preparing Payroll Records

After studying Chapter 12, you will be able to:

1. Define accounting terms related to payroll records.

2. Identify accounting practices related to payroll records.

3. Complete a payroll time card.

4. Calculate payroll taxes.

5. Complete a payroll register and an employee earnings record.

6. Prepare payroll checks.

Week 14 April 4-8

Chapter 12Preparing Payroll Records

Section problems and reviews

Test Thursday

Week 13 March 28 April 1


Read, discuss and demonstrate posting to ledgersSection problems and reviews

Week 12 March 21-25



Chapter 11Posting To General and Subsidiary Ledgers


1. Define accounting terms related to posting to ledgers.

2. Identify accounting practices related to posting to ledgers.

3. Post separate items from a purchases, cash payments, and general journal to an accounts payable ledger.

4. Post separate items from a sales, cash receipts, and general journal to an accounts receivable ledger.

5. Post separate items from a cash payments and general journal to a general ledger.

6. Post special journal column totals to a general ledger.

7. Journalize and post correcting entries affecting customer accounts.

Week 11 March 14-16

Chapter 11 Review and Test Posting To General and Subsidiary Ledgers

Week 10 March 7-11 End of third quarter



Week 9 February 28 March 4



Week 8 February 22-25

Chapter 10Journalizing Sales and Cash Receipts Using Special Journals


1. Define accounting terms related to sales and cash receipts for a merchandising business.

2. Identify accounting concepts and practices related to sales and cash receipts for a merchandising business.

3. Journalize sales on account using a sales journal.

4. Journalize cash receipts using a cash receipts journal.

5. Record sales returns and allowances using a general journal.

Chapter 10 review and test


Chapter 10 Study Guide


Chapter 10 Mastery and Challenge problemsWeek 5 January 31 - February 4

Problems 10-1, 10-2, 10-3, 10-4Week 4 January 24-28

Chapter 10 Read and Questions

Sections 1-4 Audit Questions

Week 3 January 18-21

Chapter 9 Study Guide and Review

Chapter 9 test Friday

Week 2 January 10-14

Problems 9-5, 9-6, 9-7Week 1 January 3-7

Chapter 9Journalizing Purchases and Cash Payments


1. Define accounting terms related to purchases and cash payments for a merchandising business.

2. Identify accounting concepts and practices related to purchases and cash payments for a merchandising business.

3. Journalize purchases of merchandise using a purchases journal.

4. Journalize cash payments and cash discounts using a cash payments journal.

5. Prepare a petty cash report and journalize the reimbursement of the petty cash fund.

6. Total, prove, and rule a cash payments journal and start a new cash payments journal page.

7. Journalize purchases returns and allowances and other transactions using a general journal.

Sections 1-4 Audit Questions

Problems 9-1, 9-2, 9-3, 9-4 Objective Evidence and Historical Cost ConceptSemester Test 12/20

Week 18 December 13-17

Chapter 8 Reinforcement problem Week 17 December 6-10

Chapter 8 Application Problems Recording Adjusting and Closing Entries for a Service Business

Chapter 8 Review and Test

Week 16 November 29 December 3

Chapter 8 Application Problems Recording Adjusting and Closing Entries for a Service Business

Week 15 November 22-23

Chapter 8Recording Adjusting and Closing Entries for a Service Business


1. Define accounting terms related to adjusting and closing entries for a service business organized as a proprietorship.

2. Identify accounting concepts and practices related to adjusting and closing entries for a service business organized as a proprietorship.

3. Record adjusting entries for a service business organized as a proprietorship.

4. Record closing entries for a service business organized as a proprietorship.

5. Prepare a post-closing trial balance for a service business organized as a proprietorship.


Chapter 7Financial Statements for a Proprietorship


1. Define accounting terms related to financial statements for a service business organized as a proprietorship.

2. Identify accounting concepts and practices related to preparation of financial statements for a service business organized as a proprietorship.

3. Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages.

4. Prepare a balance sheet for a service business organized as a proprietorship.


Chapter 6Work Sheet for a Service Business


1. Define accounting terms related to a work sheet for a service business organized as a proprietorship.

2. Identify accounting concepts and practices related to a work sheet for a service business organized as a proprietorship.

3. Prepare a heading and a trial balance on a work sheet.

4. Plan adjustments for supplies and prepaid insurance.

5. Complete a work sheet for a service business organized as a proprietorship.

6. Identify selected procedures for finding and correcting errors in accounting records.


Continue Application Problems and testWeek 12 November 1-5


Accounting Concepts: Consistent Reporting when the same accounting procedures are followed in the same way in each accounting period.Chapter 6 application problems

Chapter 5 Cash Control Systems


1. Define accounting terms related to using a checking account and a petty cash fund.

2. Identify accounting concepts and practices related to using a checking account.

3. Prepare business papers related to using a checking account.

4. Reconcile a bank statement.

5. Journalize dishonored checks and electronic banking transactions.

6. Establish and replenish a petty cash fund.

Week 11 October 25-29

Chapter 5 review and testWeek 10 October 18-22Section 5.4 Application and Practice

Chapter 5 reviewWeek 9 October 13-15 End of 1st Quarter

Section 5.2 and 5.3 Application and Practice

Week 8 October 4 8

Monday

Complete application problemsWednesday

Chapter 4Posting to a General LedgerAfter studying Chapter 4, you will be able to:

1. Define accounting terms related to posting from a journal to a general ledger.

2. Identify accounting concepts and practices related to posting from a journal to a general ledger.

3. Prepare a chart of accounts for a service business organized as a proprietorship.

4. Post separate amounts from a journal to a general ledger.

5. Post column totals from a journal to a general ledger.

6. Analyze and journalize correcting entries.

Chapter 4 TestFriday

Chapter 5 Cash Control SystemsSection 5.1 Application and Practice

Week 7 September 27 October 1

Tuesday

Lecture/Discuss/Demonstrate - Chapter 4 Posting to a General Ledger

Section 4.3 posting column Totals from a Journal to a General Ledger

Section 4.4 Completed Accounting Forms and Making Correcting Entries

Assignment 4-3 and 4-4Thursday

Application problems 4-1, 4-2, 4-3Chapter 3Journalizing Transactions


1. Define accounting terms related to journalizing transactions.

2. Identify accounting concepts and practices related to journalizing transactions.

3. Record transactions to set up a business in a five-column journal.

4. Record transactions to buy insurance for cash and supplies on account in a five-column journal.

5. Record transactions that affect owners equity and receiving cash on account in a five-column journal.

6. Prove and rule a five-column journal and prove cash.

Week 6 September 20-24

Monday

Complete Chapter 3 problems and reviewWednesday

Chapter 3 testFriday

Lecture/Discuss/Demonstrate - Chapter 4 Posting to a General Ledger

Section 4.1 Preparing a Chart of Accounts

Section 4.2 Posting Separate Amounts from a Journal to a General LedgerAssignment 4-1 and 4-2Week 5 September 13-17 Midterm September 15thTuesdayChapter 3 Problems 6Thursday

Chapter 3 Problems 7 and 8Week 4 September 7-10

Wednesday

Chapter 3 PowerPoint lecture/demonstration, study guide and problems 1-2

Friday

Chapter 3 problems 3-4Week 3 August 30 September 3

Chapter 2Analyzing Transactions into Debit and Credit Parts


1. Define accounting terms related to analyzing transactions into debit and credit parts.

2. Identify accounting practices related to analyzing transactions into debit and credit parts.

3. Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction.

4. Analyze how transactions to set up a business affect accounts.

5. Analyze how transactions affect owners equity accounts.

Monday

Chapter 2 PowerPoint lecture/demonstration and problems 1-3

Wednesday

Chapter 2 problems 4-6

Friday

Chapter 2 Test

Week 2 August 23-27

Tuesday

Chapter 1 Assignments: Problems 1-4 and 1-5

Chapter 1 Test

Thursday

Chapter 2 Analyzing Transactions into Debit and Credit Parts

Assignment Chapter 2 study guide

Week 1 August 17-20

Chapter 1 Assignments: Study Guide, Problems 1-1, 1-2, 1-3

State Standards Addressed

1.1 Define accounting and explain the purpose of the accounting system

1.3 Classify items as assets, liabilities, or owners equity

1.6 Analyze business transactions using source documents and describe the effect on the accounting equationSemester Test Rio Sanchez Disc Jockey business simulation Complete accounting cycle for a proprietorship. (Journalize, bank reconciliation, prove cash, post, trial balance, adjustments, work sheet, income statement, balance sheet, adjusting entries, journalize and post closing entries, post-closing trial balance, financial analysis.

accounting principles

Documents