Accounting I

Grades 11-12

Business Education Standards and Accounting I Curriculum	LINKS to LEARNS Standards[1]
BE 12.1.1 Career Development Students will understand career preparation and job acquisition skills required for employment, professionalism and career transitions in their chosen fields. They will demonstrate competency by matching skills and aptitudes for occupations, planning career options and applying job acquisition skills.
BE 12.2.1 Communication Students will understand the principles of oral and written communication. They will demonstrate competency by interacting effectively with people in the workplace and in society.
BE 12.3.1 Computation Students will understand mathematical procedures and tools to analyze and solve business problems. They will demonstrate competency by preparing and maintaining financial records and interpreting financial information.
12.3.1a Prepare the following accounting records—worksheet, balance sheet, income statement, distribution of net income statement, owner’s equity statement, and post-closing trial balance (also BE 12.9.1)		M 12.2.1 M 12.2.2 M 12.2.3
12.3.1b Perform checking account activities and record entries associated with checking accounts (also BE 12.9.1)		M 12.2.2 M 12.2.3
12.3.1c Apply payroll theory and procedures to complete payroll records and transactions (also BE 12.9.1)		M 12.2.1 M 12.2.3
12.3.1d Calculate, record, and post entries related to uncollectible accounts (also BE 12.9.1)		M 12.2.1 M 12.2.3
12.3.1e Calculate and record straight-line and declining balance depreciation (also BE 12.9.1)		M 12.2.1 M 12.2.3
12.3.1f Calculate interest and journalize notes payable and notes receivable transactions (also BE 12.9.1)		M 12.2.1 M 12.2.3
BE 12.4.1 Computer Applications Students will understand a variety of application software. They will demonstrate competency by utilizing appropriate software for specific tasks.
BE 12.5.1 Economics and Personal Finance Students will understand basic economic and financial principles in order to make wise domestic and global economic decisions related to their personal financial affairs, the successful operation of organizations and the economic activities of the country. They will demonstrate competency by applying economic and personal financial reasoning to individual, business and government practices.
BE 12.6.1 Entrepreneurship Students will understand the importance of recognizing and acting on local, regional and global business opportunities in small business and corporate environments. They will demonstrate competency by identifying a business opportunity and researching and developing a business plan.
BE 12.7.1 Ethics Students will understand the importance of business ethics at the individual, organizational, technological, professional, societal and international levels. They will demonstrate competency by identifying why ethical problems exist, examining ethical models, applying ethical reasoning and adhering to ethical use policies.
12.7.1a Analyze the ethics of common business situations (also BE 12.9.1)	R/W 12.2.1
BE 12.9.1 Accounting Students will understand how to manage an organization's and/or personal financial resources. They will demonstrate competency by preparing, maintaining and interpreting accounting records.
12.9.1a Analyze the ethics of common business situations (also BE 12.7.1)	R/W 12.2.1
12.9.1b Recognize the various career levels, educational requirements, and career opportunities in accounting
12.9.1c Describe how accounting knowledge and skills are useful to a person as a foundation for planning an accounting career as well as for personal financial management
12.9.1d Record transactions for a sole proprietorship, partnership, and corporation
12.9.1e Analyze transactions for service businesses and merchandising businesses
12.9.1f Classify accounts as assets, liabilities, owner’s equity, revenue, cost of merchandise, or expenses
12.9.1g Identify the balance side of accounts
12.9.1h Analyze transactions into debit and credit parts
12.9.1i Record transactions in a general journal, combination journal, and special journals
12.9.1j Post entries from journals to general ledger and subsidiary ledger accounts
12.9.1k Prove the journals and prove cash		M 12.2.2 M 12.2.3
12.9.1l Make adjusting entries and closing entries
12.9.1m Prepare the following accounting records—worksheet, balance sheet, income statement, distribution of net income statement, owner’s equity statement, and post-closing trial balance (also BE 12.3.1)		M 12.2.1 M 12.2.2 M 12.2.3
12.9.1n Locate and correct errors		M12.2.2
12.9.1o Perform checking account activities and record entries associated with checking accounts (also BE 12.3.1)		M 12.2.2 M 12.2.3
12.9.1p Apply payroll theory and procedures to complete payroll records and transactions (also BE 12.3.1)		M 12.2.1 M 12.2.3
12.9.1q Journalize purchases and cash payments and sales and cash receipts transactions using the purchases, cash payments, sales, cash receipts, and general journals
12.9.1r Calculate, record, and post entries related to uncollectible accounts (also BE 12.3.1)		M 12.2.1 M 12.2.3
12.9.1s Calculate and record straight-line and declining balance depreciation (also BE 12.3.1)		M 12.2.1 M 12.2.3
12.9.1t Calculate interest and journalize notes payable and notes receivable transactions (also BE 12.3.1)		M 12.2.1 M 12.2.3
12.9.1u Use the computer to complete automated accounting problems and a business simulation
12.9.1v Use accounting knowledge to make decisions and write answers to management cases	R/W 12.2.1	M 12.2.2
12.9.1w Identify contributions by various individuals and cultures to accounting and business and identify how various individuals from different cultures have used their accounting backgrounds
BE 12.11.1 International Business Students will understand the relationship between international and domestic business concepts from a multicultural, global perspective. They will demonstrate competency by explaining the interrelatedness of social, cultural, political, legal, economic and ethical factors that shape and impact the international business environment.
BE 12.12.1 Management Students will understand the process of using organizational resources and managerial principles to effectively achieve the goals of a business. They will demonstrate competency by describing and applying various management theories, functions and principles that contribute to an organization's success.
BE 12.13.1 Marketing Students will understand and apply marketing, management and entrepreneurial principles to make rational economic decisions and to exhibit social responsibility in a global economy. They will demonstrate the ability to use marketing for personal use, career exploration and the development of advanced management and entrepreneurial skills.
BE 12.14.1 Computer Hardware and Operating Systems Students will understand current and emerging hardware and operating systems. They will demonstrate competency by identifying and describing various types of hardware components, operating systems, software and utilities.
BE 12.15.1 Database Management Students will understand the importance and applicability of data collection and analysis.
BE 12.16.1 Interactive Media and Web Technologies Students will understand the components of interactive media and web technologies. They will demonstrate competency by using a variety of media to communicate information and ideas effectively.
BE 12.17.1 Network Systems Students will understand the concepts, systems and business models necessary to install, create and manage communication technologies and networking systems. They will demonstrate competency by performing tasks related to the creation, installation, management and security of a network system.
BE 12.18.1 Programming Students will understand the technical knowledge and skills required of programming and application development. They will demonstrate competency by designing, developing, testing and implementing computer programs.

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[1] Students will apply these Reading/Writing/Speaking Standards:

R/W 12.1.1 Identify the main idea and supporting details in what they have read.

R/W 12.1.2 Locate, evaluate, and use primary and secondary resources for research.

R/W 12.1.6 Identify and apply knowledge of the text structure and organizational elements to analyze non-fiction or informational text.

R/W 12.1.8 Demonstrate the ability to analyze literary works, nonfiction, films, and media.

R/W 12.2.1 Write using standard English (conventions) for sentence structure, usage, punctuation, capitalization, and spelling.

R/W 12.2.2 Write compositions with focus, related ideas, and supporting details.

R/W 12.2.3 Revise and edit persuasive compositions. (Use when appropriate.)

R/W 12.2.4 Use multiple forms to write for different audiences and purposes.

R/W 12.2.5 Use self-generated questions, note taking, summarizing, and outlining while learning.

R/W 12.3.1 Participate in student-directed discussions by eliciting questions and responses.

R/W 12.3.2 Make oral presentations that demonstrate consideration of audience, purpose, and information.