Students will be able to journalize an opening entry; interpret information contained in source documents; follow principles of double-entry bookkeeping in the journalizing process; record entries in special journals; total and post special journals; adjust for bad debts using direct write off or allowance methods; analyze transactions involving owners' equity; post from special journals to general and subsidiary ledger accounts; use multi-column ledgers and computerized posting methods; use appropriate posting references; prove accuracy of posting to ensure entries are in-balance; calculate employee earnings based on hourly and/or salaried time records; enter payroll data in a payroll earnings record; demonstrate familiarity with electronic payroll data entry; complete a payroll register; prepare a payroll check and check stub with appropriate information; record information found on W-4 forms in employee data section; demonstrate understanding of payroll taxes; demonstrate understanding of employer payroll liabilities; journalize payroll entries at end of earnings period in appropriate journals; demonstrate understanding of processes and functions of payroll records; reconcile a bank statement; follow-up on outstanding checks, including voiding and/or reissuing checks; demonstrate familiarity with online and electronic banking procedures; exhibit understanding of credit cards and/or debit cards; demonstrate knowledge of a merchandise inventory account; analyze effects on accounts by the purchase and sale of merchandise; determine the cost of merchandise sold; prepare adjusting entries based on physical inventory; complete Accounting Cycle; complete 8 or 10 column worksheets; prepare the needed financial statements from a completed worksheet; verify the financial statements against the worksheet for accuracy; record and post adjusting and closing entries; locate and correct accounting errors; prepare post-closing trial balance from general ledger; identify uses of various business forms used in bookkeeping and/or accounting; locate data from a bookkeeping and/or accounting record or source document; manipulate electronic data for various bookkeeping and/or accounting purposes; use a calculator, adding machine, and computer; demonstrate ability to understand charts and graphs; demonstrate familiarity with basic computer terminology and spreadsheet software; demonstrate understanding of cash or accrual accounting; demonstrate understanding of departmentalized accounting and terminology related to accounting; establish and replenish the petty cash fund; apply various methods of maintaining inventory; differentiate between proprietorship, partnership, and corporation; demonstrate accounting procedures used in partnerships; record accounting entries for the installment payment systems; determine uncollectible accounts through aging of accounts receivable; record bookkeeping entries for distributing dividends; recognize and understand the concept of goodwill; record entries for research and developmental costs; demonstrate understanding of stocks, dividends, declarations and payments; record entries for corporations issuing cash dividends; analyze and project net yearly income. Performance Component: Journal Entries (27%), Posting Verification (10%), Payroll (12%), Complete Worksheet (7%), Financial Statements (14%), Ratio and Partial Horizontal Analysis (10%), and Advanced Journal Entries (20%).

Upon successful completion of the learning experience, students will be able to:

Describe career opportunities in the accounting profession; Explain the need for a code of ethics in accounting and ethical responsibilities required of accountants; Define assets, liabilities, equity, revenue, expenses, gains, and losses; Describe methods for controlling and safeguarding cash; Record transactions affecting accounts receivable, including uncollectible accounts, write-offs, and recoveries; Identify inventory methods; Determine the cost of inventory for businesses and apply appropriate valuation methods; Identify, calculate, and record depreciation and depletion and explain the impact on the financial statements; Apply transactions for accounts payable and other short-term debt; Record transactions for long-term debt instruments; Describe and record equity-related transactions; Describe and record revenue-related transactions; Analyze transactions involving accruals; Describe and record expense-related transactions; Analyze and describe how basic business transactions impact the accounting equation; Explain the need for adjusting entries and record basic adjusting entries; Complete the closing process; Describe the users and uses of financial information; Describe the information provided in each financial statement and how the statements relate; Calculate component percentages; Discuss the information that can be obtained from analyzing financial statements; Prepare and calculate payroll withholdings; Prepare and calculate gross pay; Prepare and calculate net pay. 

Students will be able to: Identify different types of computers and how individual computers relate to networks; Differentiate between operating systems and applications software; Identify the functions of computer hardware, software, and peripheral devices in the information processing cycle; Utilize Internet and network resources safely, legally, and ethically; Assess, interpret, and manipulate Internet research; Utilize templates to prepare business documents (e.g., invoices, fax cover sheets, time sheets); Create, edit, and format business correspondences and technical documents efficiently (e.g., letters, memos, agendas, minutes, press release reports, itineraries); Enhance documents with graphics; Create and format tables; Create and format forms; Generate form letters, mailing labels, and envelopes using Mail Merge; Import and export data into other applications; Create, edit, and format spreadsheets; Enhance spreadsheets with graphics; Define and demonstrate the integration of worksheet applications through pasting, linking, and embedding; Create, format, and modify charts; Create formulas and use standard functions; Create spreadsheets using range names, worksheet protection, and look-up tables; Manipulate multiple worksheets and workbooks; Import and export data into other applications; Enter data and update databases; Create databases; Query databases; Understand and develop relationships to create queries; Create reports, forms, and combo boxes; Import and export data into other applications; Create, edit, and format presentations; Enhance a presentation with advanced features; Deliver a well-planned professional business presentation; Create, edit, and format publications; Enhance a publication with advanced features; Understand design principles related to page layout; Utilize electronics communications software; Apply proper electronics communications etiquette; Use scheduling and contact management software; Build keyboarding speed and accuracy; Use copier, fax, projectors, and scanners; File and manage records and materials; Process incoming and outgoing mail; Demonstrate proper interpersonal communication skills in a diverse work environment; Package and ship materials, and verify and receive shipments; Assist with travel arrangements and event planning; Create and maintain a budget; Apply proofreader’s marks and revise text utilizing correct grammar, punctuation, and spelling in all business communications; Plan and manage office activities (e.g., meetings, workshops, travel arrangements); Describe the roles and responsibilities of an office manager; Develop time management skills by setting priorities and performing multiple tasks; Describe safety concerns in an office environment; Convert decimals, percents, and fractions to their equivalent parts; Properly maintain business checking and savings accounts; Calculate discounts and sales tax; Understand the accounting equation and classify accounts; Analyze transactions affecting assets, liabilities, and owner’s equity; Analyze transactions into debit and credit parts; Post to general ledger; Reconcile bank statements, and establish and replenish petty cash fund; Prepare worksheet and adjusting entries; Prepare balance sheet and income statement; Record adjusting and closing entries; Prepare payroll records; Prepare payroll accounting, taxes, and reports; Learn business law and business ethics vocabulary; Explain crimes often associated with business and organizations (e.g., embezzlement, extortion, computer crimes); Identify improper use of business technology and property (e.g., computers, personal digital assistants, cell phones, telephones); Explain the importance of confidentiality in the workplace; Compare types of contracts, including related accountability; Demonstrate proper electronics and telephone communications etiquette and procedures; Describe the advantages of customer service in building a loyal customer base; Describe how data is collected to improve customer service; Demonstrate the use of effective face-to-face communication with customers; Identify the ways a customer service representative can develop a rapport with customers. Performance Component: Identification of Account Balances (5%), Journal Entries (10%), Spreadsheet (42%), Banking (9%), Table Creation (19%), Presentation (15%)

Upon successful completion, students will be able to: define and differentiate among various types of businesses (e.g., corporation, limited liability, partnership); use planning tools to guide and manage an organization’s business activities; apply marketing techniques to foster business growth; plan and evaluate the use of financial resources to effectively manage a business; demonstrate understanding of conducting business in a global environment; apply planning/time management principles to accomplish workplace objectives (e.g., schedule meetings, maintain supplies, prioritize activities); establish and follow procedures to manage records and confidential material; select appropriate formats to prepare and send internal and external documents; interact with employees and customers effectively and professionally; apply reading, writing, mathematical, and economic skills in a business environment; discuss the role of government and other regulatory bodies in business; explain company hierarchies and roles within company structures; apply business laws and regulations to business situations; use ethical standards in conducting business negotiations and making business decisions; locate, organize, and reference written information from reliable sources to communicate with coworkers and clients; develop and deliver formal and informal presentations using appropriate media to engage and inform audiences; apply listening skills and interpret verbal and nonverbal behaviors to enhance communication with  coworkers and clients; use software such as word processors and spreadsheets to perform common business applications; use software such as databases to track and maintain business information; use social media and mobile technology appropriately Interpret and use tables and charts; use problem solving and critical thinking skills to locate good sources of information about problems and determine  appropriate methods for investigating causes; use problem solving and critical thinking skills to determine root causes of problems and suggest solutions; exhibit leadership practices to improve production and quality of the working environment; work effectively in a team environment to accomplish company goals and improve quality of the working  environment; identify and practice appropriate health and safety procedures for business occupations; apply appropriate emergency procedures for business occupations; demonstrate employability skills related to a career in business; and pursue career development skills to advance in business careers.