CURRICULUM MAP: 10260.map
Accounting I (SCP) 722
Unit 2 The Basic Accounting Cycle
TIME FRAME: classes
GRADE: 11-12
CONTACT:
MAP LEVEL: 2
12.0 BUSINESS EDUCATION
--- 12.0.1.9.1
--- 12.0.1.9.2
--- 12.0.5.9.1
--- 12.0.5.9.3
--- 12.0.5.9.6
--- 12.0.8.9.6
1. How does one complete--and explain the purpose of--the steps in the accounting cycle?
2. How does one apply generally accepted accounting principles to determine the value of assets, liabilities, and owner's equity?
1. Basic accounting equation and effects of typical business transactions.
2. Rules of debits/credits and T-accounts.
3. Journalize in General Journal.
4. Post to General Ledger.
5. Prepare six-column Work Sheet.
6. Prepare Financial Statements for sole proprietorship.
7. Complete accounting cycle for sole proprietorship.
8. Cash control and banking activities.
1. Students will correctly use terminology related to the accounting cycle.
2. Students will use the accounting equation to analyze business transactions.
3. Students will describe accounting principles and practices for a sole proprietorship, service business.
4. Students will record and report operating results for a sole proprietorship, service business.
1. Students will learn the basic accounting equation and how to use that equation to analyze business transactions.
2. Students will analyze typical transactions for a sole proprietorship, service business and record those transactions in a double-entry accounting system.
3. Students will learn about banking and cash controls.
1. Textbook chapter "Check Your Understanding."
2. Textbook chapter problems.
3. Chapter pretests--objective.
4. Chapter tests--objective and problems.
5. Mini-practice set (real-world business simulation)
CSCPA Careers Conference
1. Textbook/workbooks.
2. Teaching and solution transparencies.
3. Peachtree accounting software and student data files.
4. Computers and printers.
5. Word processing and spreadsheet software.