Sioux Central Community School District
High School Course Outline
Department: Business
Course Title: Accounting
Grade Level: 11-12
Length of Course: Semester
Students will receive instruction in analyzing and recording various business transactions and in completing the accounting cycle by journalizing, posting, preparing worksheets, making adjusting and closing entries, and preparing financial statements for service and merchandising businesses. Instruction will be provided for accounting for cash by using a petty cash fund, reconciling a bank statement, and utilizing the cash short and over account; calculating and journalizing employees' payroll; and calculating and journalizing employer payroll taxes. No previous accounting instruction is necessary
1. Apply effective business or career-related communication.
2. Demonstrate business or career-related human relations skills.
3. Solve business or career-related problems.
Conceptualize accounting as an information cycle.
Describe the foundation for accounting for different types of business entities.
Apply the financial effects of business transactions
Differentiate accounting for merchandising from the buyer and seller perspectives.
Account for sales transactions.
Account for purchases transactions.
Account for inventory using various cost methods.
Describe the importance of controlling cash.
Recognize effective internal control over cash.
Reconcile cash to the bank statement.
Account for payroll.
Calculate employees’ payroll.
Calculate the employer’s payroll tax liabilities.
Link to state website for business standards.
Grading Configuration:
Chapter Study Plans 12 @ 10 points 120 points
Chapter Homework 12 @ 20 points 240 points
Chapter Quizzes 12 @ 20 points 240 points
Tests > 3 @ 100 points 300 points
Final Exam 200 points
Second Edition; College Accounting, A Contemporary Approach