Department/Grade:   Bus. Ed.          Course:  Accounting II                      Revision Date: April 2008

Required/Elective:     Elective           Course Length: One Year                 Prerequisite:  Accounting I

Course Description: 

This course is a continuation of Accounting I.  The accounting cycle for a corporation is studied.  Specific areas covered include:  departmentalized accounting, payroll, uncollectible accounts, notes and interest, accrued items, depreciation, dividends, and financial analysis for a corporation.  Additional study in automated accounting is also given.

COURSE OBJECTIVES	CONTENT/TIMELINE OUTLINE
Students will be familiar with the many occupational subgroups available in the accounting profession.	Financial, managerial, cost, and tax accounting; auditing, personal financial planning, CPA’s, Private Accounting and Public Accounting
Students will be able to use the various special journals in a departmentalized accounting system.	Purchases Journal Purchases Returns and Allowances Journal Cash Payments Journal Sales Journal Sales Returns and Allowances journal Cash Receipts Journal
Students will be able to use a departmentalized payroll system.	Employee Benefits Schedule Benefits Record Payroll Time Card and Commission Record Payroll Register Employee Earnings Record
Students will be able to journalize payroll transactions.	Journalize payment of payroll Journalize employer payroll taxes Journalize payment of federal and state taxes
Students will be able to complete end-of-fiscal period accounting functions.	Departmental Statement of Gross Profit Worksheet Income Statement Statement of Stockholders’ Equity Balance Sheet Adjusting and Closing Entries Post-Closing Trial Balance
Students will understand how to use the voucher system.	Vouchers and Voucher Checks Voucher Register Check Register
Students will know how to do inventory planning and valuation.	Effects of errors in costing an inventory Perpetual inventory Periodic inventory Inventory costing Merchandise inventory turnover
Students will know how to account for uncollectible accounts.	Direct write-off  method Allowance method Accounts Receivable turnover ratio
Students will know how to account for Plant Assets.	Plant asset records Buying a plant asset Depreciating a plant asset Discarding a plant asset Selling a plant asset Trading a plant asset
Students will be able to analyze notes payable, prepaid expense and accrued expense transactions.	Borrowing money Paying a note Prepaid expenses Accrued expenses Reversing entries
Students will be able to analyze notes receivable, unearned revenue, and accrued revenue expenses.	Issuing a note for an accounts receivable Receiving cash for a note Recording a dishonored note Adjusting entry for unearned revenue Adjusting entry for accrued revenue Reversing entry
Students will understand how to record transactions in an automated accounting system.	General ledger transactions Purchase transactions Cash payments transactions Sales transactions Cash receipts transactions
Students will be able to complete End-of-Fiscal-Period work for a partnership (merchandising business).	Adjusting entries Financial statements Period-end closing for a partnership
RESOURCE MATERIALS	ASSESSMENT
Century 21 Accounting Advanced South Western Educational Publishing Co. Copyright 2000 Automated Accounting 8.0 South-Western Educational Publishing Co. Copyright 2003	Quizzes Problems Notebook Objective test Problem test