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Course: Accounting 2 Course Number: 8203320

Textbook: Century 21 Accounting/Gilbertson, Lehman, Gentene Edition: 10th Edition

Century 21 South-Western Accounting/Gilbertson, Lehman, Passalacqua, Ross 8th Edition

South-Western Business Principles and Management/Everard, Burrow 11th Edition

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UNIT/ORGANIZING PRINCIPLE: Accounting for other types of business entities to

include – Adjustments and Valuation

PACING: 18 weeks

Unit Number: 1

ESSENTIAL

QUESTIONS:

1. What are the advantages/disadvantages of various forms of business ownership

2. What impact does each form of business have on the accounting cycle?

3. What are the GAAP methods for valuing inventory?

4. What are the GAAP methods for valuing Accounts Receivable?

5. What are the GAAP methods for valuing Accounts Payable?

6. What are the GAAP methods for depreciating Property, Plant & Equipment?

7. What are the accounting transactions associated with valuing Inventory, AR, AP and PPE?

8. What is an internal control system?

STANDARDS BENCHMARKS TEXTBOOK ALIGNMENT RESOURCES

28.0 Analyze and explain organizational forms as they relate to today’s workplace

29.0 Demonstrate skills for accounting work-based learning experiences 30.0 Apply accounting principles and concepts to the performance of accounting activities 31.0 Describe the importance of professional ethics and legal responsibilities 32.0 Demonstrate leadership and teamwork skills needed to

28.02 Compare and contrast the various forms of business ownership (e.g., sole proprietorships, partnerships, corporations) and other organizational structures (e.g., nonprofit organizations, government agencies). 28.03 List the advantages and disadvantages of each form of business

Chapters 9 – 24 Century 21 Accounting Textbook

Chapters 6 – 7 Century 21 Advanced Accounting Textbook

Chapters 5 – 7 Business Principles and Management Textbook

www.cengagelearning.com Aplia working papers Century 21 Accounting Textbook:

• Personal Federal Income Tax study page 367

• Progressive Income Taxes pages 370-371

• Categories of Internal Control page 338

• Compare Two Methods of Depreciation p. 605

• Simulations page T-5 Teacher’s Manual

• Aging Accounting Receivable page 414

• Ethics in Action Case Studies

http://www.cengagelearning.com/





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accomplish team goals and objectives

ownership. 29.01 Apply accounting principles in an accounting environment. 29.02 Use technology in an accounting environment. 29.03 Complete a work-based simulation.

30.01 Identify and

describe generally

accepted accounting

principles (GAAP),

explain how the

application of

GAAP impacts the

recording of

financial

transactions, and the

preparation of

financial statements.

Discuss the move to

International

Financial Reporting

Standards (IFRS).

Century 21 South-Western Advanced Accounting Textbook:

• Inventory Planning and Valuation Chapter 6

• General Accounting Adjustment Chapter 7

Current Event Case Studies Online Research and Case Studies Project Based Learning Strategies Prepare & Teach Lessons to Accounting 1 Students Knowledge Matters





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30.02 Identify tax forms (e.g., personal, payroll, sales) necessary for compliance with local, state and federal agencies. 28.01 Develop a working knowledge of individual income tax procedures and requirements to comply with tax laws and regulations. 30.03 Describe an internal control system. 30.04 Apply accounting concepts to corporations and other business entities. 30.05 Compare and contrast the cost of





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merchandise inventory using various inventory valuation methods (including LIFO, FIFO, and weighted average). 30.06 Determine the aging of accounts receivable and a computation of allowance for doubtful accounts using the various methods. 30.07 Determine the aging of accounts payable. 30.08 Compute depreciation using Financial Accounting Standards Board (FASB) regulations and record the associated journal entries. 31.01 Evaluate and justify decisions based on ethical reasoning.





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31.02 Evaluate alternative responses to workplace situations based on personal, professional, ethical, legal responsibilities, and

employer policies. 31.03 Identify and explain personal and long-term consequences of unethical or illegal behaviors in the workplace. 31.04 Interpret and explain written organizational policies and procedures, including discrimination, whistleblowing, and sexual harassment. 32.01 Employ leadership skills to accomplish organizational goals





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and objectives. 32.02 Establish and maintain effective working relationships with others in order to accomplish objectives and tasks. 32.03 Conduct and participate in meetings to accomplish work tasks.

32.04 Employ mentoring skills to inspire and teach others.





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UNIT/ORGANIZING PRINCIPLE: Organizational Leadership and Decision Making PACING: 9 weeks

Unit Number: 2

ESSENTIAL

QUESTIONS:

1. What impact do ethical and unethical decisions have on a business?

2. How do organization policies impact a business?

3. What leadership skills are necessary to conduct meetings and team based projects?

4. How does mentoring impact an organization?

5. What leadership skills are necessary to train others?






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UNIT/ORGANIZING PRINCIPLE: Real World Accounting –

Workplace Simulation

PACING: 9 weeks

Unit Number: 3

ESSENTIAL

QUESTIONS:

How does Accounting, Financial Reporting, Leadership Skills, and Organizational Policies apply in a

real world business simulation?






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UNIT/ORGANIZING PRINCIPLE: PACING: Unit Number: 4

ESSENTIAL

QUESTIONS: 1.






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ESSENTIAL

QUESTIONS: 1.






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ESSENTIAL

QUESTIONS: 1.






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