advanced accounting advanced accounting … 18- 21 advanced... · advanced accounting chapter 18...

Advanced Accounting

Chapter 18

Objectives1. Define accounting terms related to purchases and cash payments.

2. Identify accounting concepts and practices related to purchases and cash payments.

3. Record purchases on account and post using a purchases journal.

4. Record purchases transactions using a cash payments journal.

5. Record petty cash and post using a cash payments journal.

6. Record purchaseds returns and allowances and post using a general journal.

Due Date

ADVANCED ACCOUNTING LESSON PLANS* (First Term)

Advanced AccountingSept. 2,

2014

Day 1 Chapter 18 1. Seating chart

2. Welcome to class

3. Prepare computer

-----Can you access the school's network?

-----Quick Access Toolbar

-----Folders created

-----Share drive

4. Hand out textbooks

-----Record textbook numbers on seating chart

-----Cover textbooks by Day 5

5. Classroom rules explained

-----Classroom procedures sheet*

-----Questions

-----Signed copies due by Day 5

-----Use your student agenda

-----Wear your lanyards with student ID

-----Bring necessary work equipment to class

-----Communication skills (speaking, writing, and listening)

6. Flipped classroom (read required material before class so that you are prepared for doing

the work during the next class period

7. HOMEWORK: Terms (definitions = 13), Audits (complete sentence structure on answer = 11),

and Concepts (definition and/or example = 3) of Chapter 18

9/3/2014 Day 2 18.1 Recording Purchases and Cash Payments

Terms Review, TB p. 465

Audit Your Understanding, TB p. 465

Define all "Concepts" presented in topic

Work Together, WB p. 1 and 3 TB p. 465--HAND IN

On Your Own, WB pp. 2-4 and TB p. 465--HAND IN

18.1 Application Problem, WB p. 19-22 and TB p. 481--HAND IN

Advanced Accounting

18.2 Recording Purchases Transactions Using a Cash Payments Journal

Terms Review, TB p. 469

Audit Your Understanding, TB p. 469

Define all "Concepts" presented in topic

Work Together, WB p. 5 and TB p. 469--HAND IN

On Your Own, WB p. 6 and TB p. 469--HAND IN

HOMEWORK: Terms Review and Audit Your Understanding, TB p. 474 and 479

9/4/2014 Day 3 Correct Terms Review and Audit Your Understanding material from yesterday

18.3 Journalizing Petty Cash and Posting Using a Cash Payments Journal

Work Together, WB pp. 7, 9-10 and TB p. 474--HAND IN

On Your Own, WB pp. 8, 11-12 and TB p. 474--HAND IN

18.2 Application Problem, WB p. 23 and TB p. 481--HAND IN

18.3 Application Problem, WB pp. 25-26 and TB p. 482--HAND IN


9/5/2014 Day 4 18.4 Recording Purchases Returns and Allowances

Work Together, WB pp. 13, 15-16 and TB p. 479--HAND IN

On Your Own, WB pp. 14, 17-18 and TB p. 479--HAND IN


9/8-9/9 Days 5 and 6 18.6 Application Problem, WB pp. 35-38 and TB p. 483--HAND IN

18.7 Mastery Problem, WB pp. 39-44 and TB pp. 484-485--HAND IN

Recycling--HAND INStudy Guide--HAND INCorrect Study Guide if completed before end of class

9/10/2014 Day 7 10 minutes to review for Chapter 18 Test

Hand in Study Guide #18, WB pp. 1-44 (toss pp. 45-46) and answers to Terms and Audit Your

Understanding (24 Terms and Audits) material from Chapter 18--completion check

Advanced Accounting

Test for Chapter 18--HAND INHOMEWORK: Terms (definitions) [14], Audits (complete sentence structure on answer) [11],

and Concepts (definition and/or example) [2] of Chapter 19

Advanced Accounting

Advanced Accounting

Review previous days

assignments & review

concepts that had

errors.

Review study guide &

recycling papers.

Chapter 19

Objectives

1. Define accounting terms related to sales and cash receipts.

2. Identify accounting concepts and practices related to sales and

cash receipts.

3. Record sales on account and post, using a sales journal.

4. Record cash receipts and post, using a cash receipts journal.

5. Record transactions and post, using a general journal.

6. Record transactions for international sales.

9/11/2014 Day 8 Chapter 19 19.1 Recording Sales on Accounting Using a Sales Journal

Work Together, WB pp. 47 and 49 and TB p. 495--HAND IN

On Your Own, WB pp. 48 and 50 and TB p. 495--HAND IN


19.2 Recording Cash Receipts Using a Cash Receipts Journal




9/12/2014 Day 9 19.3 Recording Transactions Using a General Journal




19.4 Recording International Sales




9/15/2014 Day 10 19.5 Application Problem, WB pp. 75-76 and TB p. 515--HAND IN

9/16/2014 Day 11 19.6 Mastery Problem, WB pp. 77-84 and TB pp. 515-516--HAND IN

Review Test

Results

Chapter 18

All homework is reviewed

after checked by teacher

All Working Together &

On Your Own will be

completed & corrected in

class. All Application &

Mastery problems will be

completed independently.

9/17/2014 Day 12 Recycling--HAND IN

Study Guide--HAND IN

Test tomorrow

9/18/2014 Day 13 10 minutes to review for Chapter 19 Test

Hand in Terms/Audits/Concepts, Study Guide #19, Recycling, WB pp. 47-

84. Completion check--HAND IN

Test for Chapter 19--HAND IN

HOMEWORK: Terms (5--definitions), Audits (8--complete sentence

structure on answer), and Concepts (2--definition and/or example) of

Chapter 20

Teacher: Mrs. Brandt

Course: Advanced Accounting 1

1st Block - Semester Course

Textbook: South-Western Century 21 Accounting

Materials needed every day: textbook, working papers, pencil, ruler & calculator

9/19 &

9/22

Days 14

and 15

Reinforcement Activity started--Part A, WB pp. 97-116, TB pp. 522-525

(Days #1 and #2)

All material is graded for form and accuracy of numbers.--First Part of Term Assessment

*Stop and hand in work completed through page 524 - Step 4 for teacher review

9/23/14 Day 16 Reinforcement Activity completed--Part A, WB pp. 97-116, TB pp. 522-525

(Day #3)

All material is graded for form and accuracy of numbers.--First Part of Term Assessment

*





Materials needed every day: textbook, working papers, pencil, rules & calculator

Chapter 20

Objectives

1. Define accounting terms related to uncollectible accounts.

2. Identify accounting concepts and practices related to uncollectible accounts.

3. Calculate, journalize, and post estimated uncollectible accounts expense.

4. Journalize and post entries related to writing off and collecting uncollectible accounts

receivable.

9/24/2014 Day 17 Chapter 20 Complete Terms Review (5), Audit Your Understanding (8), and Concepts (2) material from

yesterday

20.1 Estimating and Recording Uncollectible Accounts Expense




20.2 Writing Off and Collecting Uncollectible Accounts Receivable

Work Together, WB pp. 119 and 121-122 and TB p.538--HAND IN

On Your Own, WB p. 120 and 123-124 and TB p. 538--HAND IN


9/25/2014 Day 18 20.3 Application Problem, WB pp. 131-134 and TB pp. 540-541--HAND IN

20.4 Master Problem, WB pp. 135-138, TB p. 541--HAND IN

Recycling--HAND IN


10/1/2014 Day 19-20 Correct Study Guide material from yesterday

10 minutes to review for Chapter 20 Test

Hand in Terms/Audits/Concepts, Study Guide #20, Recycling, and WB pp. 117-140 from

Chapter 20--completion check


NOTE: Extra days may be needed to complete first part of term test.

HOMEWORK: Terms (definitions--14), Audits (complete sentence structure on answer--17),

and Concepts (definition and/or example--3) of Chapter 21





Materials needed every day: textbook, working papers, pencil, rules & calculator

Chapter 21

Objectives

1. Define accounting terms related to plant assets, depreciation, and property tax expense.

2. Identify accounting concepts and practices related to accounting for plant assets, depreciation, and

property tax expense.

3. Record the buying of a plant asset and the paying of property tax.

4. Calculate depreciation expense and book value using the straight-line method of depreciation.

5. Prepare plant asset records and journalize annual depreciation expense.

6. Record entries related to disposing of plant assets.

7. Calculate depreciation expense using the double declining-balance method of depreciation.

10/2/2014 Day 21 Chapter 21 Correct Terms Review Audit Your Understanding material from yesterday

21.1 Accounting for Plant Assets and Depreciation




21.2 Calculating Depreciaton Expense




10/3/2014 Day 22 Correct Audit Your Understanding material from yesterday

21.3 Journalizing Depreciation Expense

Work Together, WB pp. 145, 147, and 149 and TB p. 558--HAND IN

On Your Own, WB pp. 146, 148, and 150 and TB p. 558--HAND IN



21.4 Disposing of Plant Assets



21.5 Application Problem, WB p.165 and TB p. 570--HAND IN

10/6/2014 Day 23 21.5 Declining-Balance Method of Depreciation



21.6 Application Problem, WB p.167 and TB p. 570--HAND IN

21.7 Mastery Problem, WB pp. 169-174 and TB pp. 570-571--HAND IN

21.8 Challenge Problem, WB p. 175 and TB p. 571--HAND IN

Recycling--HAND IN


10./7/14 Day 24 Correct Study Guide material from yesterday


Hand in Study Guide #21, WB pp. 141-176 and answers to Terms and Audit Your Understanding (31

Terms and Audits) material from Chapter 21--completion check


HOMEWORK: Terms (definitions), Audits (complete sentence structure on answer), and Concepts

(definition and/or example) of Chapter 22

Chapter 22

Objectives

1. Define accounting terms related to inventory

2. Identify accounting concepts and practices related to inventory.

3. Prepare a stock record.

4. Determine the cost of merchandise inventory using the fifo, lifo, and weighted-average inventory

costing methods.

5. Estimate the cost of merchandise inventory using the gross profit method of estimating inventory.

10/8/14 Day 25 Chapter 22 Correct Terms Review Audit Your Understanding material from yesterday

22.1 Determining the Quantity of Merchandise Inventory




22.2 Determining the Cost of Merchandise Inventory





22.3 Estimating Inventory




22.4 Master Problem, WB p. 189 and TB p. 590--HAND IN

22.5 Challenge Problem, WB pp. 191-192 and TB pp. 590 and 591--HAND IN

Recycling--HAND IN


10/10/14 Day 27 Correct Study Guide material from yesterday

10 minutes to review for Chapter 22 TestHand in Terms, Audits, and Concepts (21 Terms and Audits), Study Guide #22, Recycling, and WB pp.177-

192 and answers to material from Chapter 22--completion check


HOMEWORK: Terms (definitions), Audits (complete sentence structure on answer), and Concepts

(definition and/or example) of Chapter 23

Chapter 23

Objectives

1. Define accounting terms related to notes and interest.

2. Identify accounting concepts and practices related to notes and interest.

3. Calculate interest and maturity dates for notes.

4. Analyze and record transactions for notes payable.

5. Analyze and record transactions for notes receivable.

10/13/14 Day 28 Chapter 23 Correct Terms Review and Audit Your Understanding material from yesterday23.1 Promissory Notes




23.2 Notes Payable

Work Together, WB p.195 and TB p.604--HAND IN




23.3 Notes Receivable





23.5 Mastery Problem, WB pp. 207-209 and TB p. 612--HAND IN

Recycling--HAND IN




Hand in Terms, Audits, and Concepts, Study Guide #23, Recycling, WB pp. 193-212 from Chapter 23--completion

check


HOMEWORK: Terms (definitions), Audits (complete sentence structure on answer), and Concepts (definition and/or

example) of Chapter 24

Chapter 24

Objectives

1. Define accounting terms related to accrued revenue and accrued

expenses.

2. Identify accounting concepts and practices related to accrued revenue

and accrued expenses.

3. Record adjusting, closing, and reversing entries for accrued revenue.

4. Record adjusting, closing, and reversing entries for accrued expenses.

10/16/14 Day 31 Chapter 24

Correct Terms Review and Audit Your Understanding material from yesterday

24.1 Accrued Revenue




10/17/14 Day 32 24.2 Accrued Expenses



24.2 Application Problem, WB pp. 229-231 and TB p. 630--HAND IN24.3 Application Problem, WB pp. 233-235 and TB pp. 630-631--HAND IN

24.4 Mastery Problem, WB pp. 237-240 and TB p. 631--HAND IN

Recycling--HAND IN




Hand in Terms, Audits, and Concepts, Study Guide #24, Recycling, and WB pp.

213-244 and l from Chapter 24--completion check


HOMEWORK: Terms (definitions), Audits (complete sentence structure on

answer), and Concepts (definition and/or example) of Chapter 25

Chapter 25

Objectives

1. Define accounting terms related to distributing dividends and

preparing a work sheet for a merchandising business organized as a

corporation.

2. Identify accounting concepts and practices related to distributing

dividends and preparing a work sheet for a merchandising business

organized as a corporation.

3. Journalize the declaration and payment of a dividend for a

merchandising business organized as a corporation.

4. Plan end-of-fiscal-period adjustments for a merchandising business


5. Calculate federal income tax, plan an adjustment for federal income

tax expense, and complete a work sheet.

October 21, 2014 Day 34 Chapter 25 Correct Terms Review and Audit Your Understanding material from yesterday

25.1 Distributing Corporate Dividends to Stockholders





25.2 Preparing a Work Sheet for a Corporation

Work Together, WB pp. 248-249 and TB p. 647--HAND IN



October 22, 2014 Day 35 25.3 Calculating Federal Income Tax and Completing a Work Sheet



25.4 Application Problem, WB pp. 258-259 and TB p. 657--HAND IN25.5 Mastery Problem, WB pp. 261-263 and TB pp. 657-658--HAND INRecycling--HAND INStudy Guide--HAND IN

October 27, 2014 Day 36 Correct Study Guide material from yesterday10 minutes to review for Chapter 25 Test

Hand in Terms, Audits, Concepts, Study Guide #25, Recycling, and WB pp. 245-

266 from Chapter 25--completion checkTest for Chapter 25--HAND IN

HOMEWORK: Terms (definitions), Audits (complete sentence structure on

answer), and Concepts (definition and/or example) of Chapter 26

Chapter 26

Objectives

1. Define accounting terms related to financial statements for a

merchandising business organized as a corporation.

2. Identify accounting concepts and practices related to financial

statements and end-of-fiscal-period entries for a merchandising business


3. Prepare and analyze an income statement for a merchandising

business organized as a corporation.

4. Prepare a statement of stockholders' equity for a merchandising

business organized as a corporation.

5. Prepare and analyze a balance sheet for a merchandising business


6. Record adjusting, closing, and reversing entries for a merchandising

business organized as a corporation.October 28, 2014 Day 37 Chapter 26


26.1 Recording Adjusting Entries

Work Together, WB pp. 268-269 and 272-273 and TB p. 667--HAND IN

On Your Own, WB pp. 270-271 and 274-275 and TB p. 667--HAND IN


HOMEWORK: Terms Review and Audit Your Understanding, TB p. 676

October 29, 2014 Day 38 26.2 Preparing a Statement of Stockholders' Equity




26.3 Preparing a Balance Sheet




October 30, 2014 Day 39


26.4 Adjusting, Closing, and Reversing Entries for a Corporation




Recycling--HAND IN


October 31, 2014 Day 40 26.5 Mastery Problem, WB pp. 307-316 and TB p. 686--HAND IN

November 3, 2014 Day 41 Correct Study Guide material from yesterday


Note to students: All

material must be

completed before

grades are needed by

Hand in Terms, Audits, Concepts, Study Guide #26, Recycling, and WB pp. 267-

318 from Chapter 26--completion check


NO HOMEWORK--THAT WAS THE LAST OF THE TEXTBOOK CHAPTERS!

DURING THE NEXT THREE DAYS, YOU WILL BE WORKING ON MATERIAL THAT

WILL BE GRADED AS PART OF A TERM EXAM.

Nov. 4 - Nov.

6, 2014

(This Activity

should take

only three

days to

complete.)

Days 42, 43,

and 44

Reinforcement Activity started and completed--

Part B, WB pp. 319-336, TB pp. 690-691

All material is graded for form and accuracy of

numbers.

Second part of Term

Assessment.

Authentic Threads

A BUSINESS SIMULATION—TIME LINE

Day 1: Forms 1-15; Posting


Day 3: Forms 31-45

Day 4: Forms 46-60; Cash Proof Report, Posting,

Purchases on Account and Sales on Account Report



Day 7: Prove the Subsidiary Ledgers, Purchases on

Account and Sales on Account Reports, Prove the

General Ledger

Days 8 to 10: End-of-Fiscal Period Work

Day 11: Audit Test (able to use simulation to answer

these questions)

Nov. 7 - Nov.

25, 2014

(This

business

simulation

should take a

student 11

days to

complete;

you have

been given

12 school

days to

complete

this work.)

Days 1-6 Done by December 8, 2014

Days 7-12 Done by December 16, 2014

Days 13-18 Done by January 6, 2015

Days 19-24 Done by January 14, 2014

Days 25-30 Done by January 21,2014 End of 2nd Qtr.

Days 31-36 ??? If we get to these days

Automated AccountingDates determined by the

last day for senior students.

advanced accounting advanced accounting … 18- 21 advanced... · advanced accounting chapter 18...

Documents