Peabody Burns High School

Computerized Accounting II

 

Course Length: 1 year

 

Grade level: 12

 

Prerequisite: Accounting I

 

 

Course Description: This course is designed for students interested in studying accounting at the post secondary level.  The students will begin by reviewing the accounting cycle from Accounting I.  Students will focus on specific accounting skills for a corporation.  These skills will include uncollectible accounts, plant assets, depreciation, inventory, notes, interest and accrued revenue and expenses.

 

Textbook: Century 21 Southwestern Accounting, 8th edition, Gilbertson, Lehman and Ross, 2006.

 

Method of Teaching: Teaching method is a combination of short lectures, demonstration problems and live production work.  Southwestern Automated Accounting software program will be used.

 

Grading Method: Students will be graded on the knowledge and application of accounting skills. This will be obtained by live production work and written and application assessment. The district grading scale determines grades for this class.

 

                                  100 - 90                       A

                                    89 - 80                       B

                                    79 - 70                       C

                                    69 - 60                       D

                                    59 and below             F

 

Course Content

I.  Review the steps of the Accounting cycle

A.   Collect and verify source documents

B.   Analyze business transactions

C.   Journalize business transactions

D.   Post to the ledger accounts

E.   Prepare a trial balance

F.    Complete a worksheet

G.   Prepare financial statements

H.   Journalize and post adjusting entries

I.      Journalize and post closing entries

J.    Prepare post closing trial balance

II.    Accounting for the Payroll System

A.   Payroll Accounting

B.   Payroll and Tax Records

III.   Distributing Dividends and Preparing a Worksheet

A.   Distribute Corporate Earnings

B.   Complete a worksheet with adjustments

IV.  Financial Statements for a Corporation

A.   Income Statement

B.   Statement of Stockholder’s Equity

C.   Balance Sheet

V.   Recording Adjusting and Closing Entries for a Corporation

A.   Record adjusting entries

B.   Record closing entries

C.   Prepare a post closing trial balance

VI.  Accounting for Uncollectible Accounts

VII. Accounting for Plant Assets and Depreciation

A.   Buying plant assets and paying property taxes

B.   Calculating and Journalizing Depreciation

C.   Disposing of Plant Assets

VIII.       Accounting for Inventory

IX.  Accounting for Notes and Interest

A.   Promissory Notes

B.   Notes Payable

C.   Notes Receivable

 

X.   Accounting for Accrued Revenue and Expenses

XI.  End-of-Fiscal-Period Work