Accounting II 11-12

River Valley School District Curriculum Template
Course name: ACCOUNTING II		Credit(s) or Grade Level: 11, 12
Academic Standards: Content Area: 4C/Creativity, Critical Thinking, Communication and Collaboration 4C1: Students will think and work creatively to develop innovative solutions to problems and opportunities 4C2: Students will formulate and defend judgments and decisions by employing critical thinking skills. 4C3: Students will communicate and collaborate with others to accomplish tasks and develop solutions to problems and opportunities. CD1: Students will consider, analyze and apply an awareness of self, identity and culture to identify skills and talents. CD2: Students will identify the connection between educational achievement and work opportunities in order to reach personal and career goals. Content Area: IMT/Information, Media and Technology Skills IMT1: Students will access, interpret and evaluate information from a variety of sources in order to inform and support premises, arguments, decisions, ideas and initiatives. Business / Content Area: AF/Accounting and Finance BIT.AF1: Students will apply generally accepted accounting principles while performing the functions of the accounting cycle. BIT.AF2: Students will develop and analyze working knowledge of financial reports. BIT.AF3: Students will apply payroll and tax theories and procedures. Business / Content Area: BCA/Business Calculations BIT.BCA1: Students will analyze and use appropriate operations to solve business and personal mathematical problems. BIT.BCA2: Students will use international standards of measurement when solving business problems. BIT.BCA3: Students will analyze and explain statistical data in charts, tables and graphs. Business / Content Area: BC/Business Communications BIT.BC1: Students will communicate in a clear, concise, accurate and courteous manner on personal and professional levels. BIT.BC6: Students will listen discriminately and respond appropriately to oral communication. Business / Content Area: BLE/Business Law and Ethics BIT.BLE5: Students will communicate how ethical issues impact the business environment. BIT.BLE6: Students will analyze the role of personal integrity and ethical behavior in the workplace. Business / Content Area: EC/Economics BIT.EC4: Students will analyze how market structures and prices affect the economy. Business / Content Area: EN/Entrepreneurship BIT.EN2: Students will analyze the concepts and processes associated with successful entrepreneurial performance Business / Content Area: MG/Management BIT.MG1: Students will describe business management functions and examine their implementation in business. BIT.MG2: Students will examine organizational structures for businesses and use operations and production principles for effective operation of the business.		Prerequisite(s): Accounting I
Course Description: Accounting II is a year-long course in which students can earn four college credits from Madison College. The study of accounting in high school is the first step in acquiring the necessary skills for starting an accounting or business career. This course is a continuation of Accounting I, and designed to reinforce and enhance accounting principles and concepts.

Units:	Duration:	Essential Learning/Outcomes:
Departmental Accounting	7 Weeks	Record Departmental Purchases and Cash Payments. Record Departmental Sales and Cash Receipts. Calculate and Record Departmental Payroll Data. Create Financial Reports for a Departmentalized Business.
Accounting Adjustments and Valuations	2 Weeks	Analyze, Journalize and Post Transactions utilizing A Voucher System. Planning and Valuation of Inventory.
General Accounting Adjustments	5 Weeks	Analyze, Journalize and Post Uncollectible Accounts. Analyze, Journalize and Post Plant Asset Transactions. Analyze, Journalize and Post Notes Payable, Prepaid Expenses, and Accrued Expense Transactions. Analyze, Journalize and Post Notes Receivable, Unearned Revenue and Accrued Revenue Transactions.
Corporation Accounting	7 Weeks	Analyze, Journalize and Post Organizing a Corporation and Paying Dividends Transactions. Analyze, Journalize and Post acquiring Additional Capital for a Corporation Transactions. Prepare and Analyze Financial Reports.
Management Accounting	10 Weeks	Calculate and Analyze Budgetary Planning and Controls. Calculate and Analyze Management Decisions Using Cost-Volume-Profit Analysis. Calculate and Analyze Management Decisions Using Present-Value Analysis. Calculate and Analyze Financial Statement Analysis. Create a Statement of Cash Flows.
Manufacturing Cost Accounting	3 Weeks	Analyze, Journalize and Post Accounting Transactions and Financial Reporting for a Manufacturing Business. Calculate Cost of Manufactured Goods.
Not-for-Profit Accounting	2 Weeks	Budgeting and Accounting for a Not-for-Profit Organization. Financial Reporting for a Not-for-Profit Organization.