CURRICULUM MAP: 10262.map

Accounting I (SCP) 722
Unit 4 Accounting Cycle for Merchandising Corporation

TIME FRAME: classes
GRADE: 11-12
CONTACT:

         MAP LEVEL: 2

12.0 BUSINESS EDUCATION --- 12.0.1.9.1 --- 12.0.1.9.2 --- 12.0.1.9.3 --- 12.0.5.9.1 --- 12.0.5.9.2 --- 12.0.5.9.3
12.0 BUSINESS EDUCATION --- 12.0.5.9.6 --- 12.0.8.9.6



1. How does one complete an accounting cycle for a merchandising business organized as a closely held corporation using special journals, in addition to the general journal in a special journal system?
2. What are the procedures for general purchasing and sales, and accounts payable and receivable?
3. How does one analyze financial reports for business evaluation and decision making?




1. Analyze, journalize, and post sales and cash receipts using a special journal and accounts receivable subsidiary ledger.
2. Analyze, journalize, and post purchases and cash payments using a special journal and accounts payable subsidiary ledger.
3. Prove the subsidiary ledgers and prepare a cash proof.
4. Prepare and record adjustments.
5. Prepare a ten-column work sheet.
6. Prepare financial statements for a corporation.
7. Journalize and post closing entries and prepare a post-closing trial balance.



1. Students will correctly use terminology related to the accounting cycle of a merchandising business organized as a closely held corporation.
2. Students will describe accounting procedures for a merchandising business organized as a corporation.
3. Students will demonstrate accounting procedures for recording transactions in special journals, and general and subsidiary ledgers.
4. Students will describe how managers and investors use financial information to analyze the operating performance of a business.












1. Students will complete an accounting cycle for a merchandising business organized as a closely held corporation and prepare financial reports for business evaluation and decision making.
2. Students will learn about adjusting entries, general purchasing and sales procedures, and accounts payble and receivable.
3. Student will analyze and record merchandising transactions using special journals and use the general journal in a special journal system.









1. Textbook chapter "Check Your Understanding."
2. Textbook chapter problems.
3. Chapter pretests--objective.
4. Chapter tests--objective and problems.
5. "Real-world" business simulation.



1. Textbook/workbooks.
2. Teaching and solution transparencies.
3. Computers and printers.
4. Integrated accounting software package and student data files.
5. Word processing and spreadsheet software.