Month

Standards

Indicators

Assessment

August-September (1st)

Or

January-February (2nd)

 

 

#1 - Students will acquire accounting vocabulary and business skills used in accounting.

 

#2 Students will list and identify characteristics of the three basic accounting equation elements.

 

#8 Students will acquire automated accounting competency or calculator proficiency.

S1 Accounting terminology will be used regularly in class.

 

S2 Learn the accounting equation and how it affects the recording of business transactions.

 

S8 Learn/practice ten-key by touch skills. Use Excel and an online accounting program.

S1 Vocabulary exercises including flashcards and quizzes.

S2 Practice exercises, quizzes, and tests.

 

S8 Ten-key by touch typing tests.

October (1st)

Or

March (2nd)

 

 

#3 Students will apply the theory of debit and credit to the accounting equation, define a business transaction, and show how and why accounts are increased and decreased.

 

#4 Students will identify and use source documents for journalizing transactions, post journal entries to a ledger, and prepare a trial balance.

 

#8 Students will acquire automated accounting competency or calculator proficiency.

S3 Learn what debits and credits are and how they relate to the accounting equation. Prepare t-accounts.

 

S4 Understand what a source document is and how to interpret it. Journalize transactions and prepare a ledger.

 

S8 Learn/practice ten-key by touch skills. Use Excel and an online accounting program.

S3 & S4 Worksheets, simulations, quizzes, and tests.

 

S8 Most assignments will be completed using the computer.

November (1st)

Or

April (2nd)

 

 

#5 Students will prepare, analyze and interpret financial statements.

 

#6 Students will complete the accounting cycle.

 

#8 Students will acquire automated accounting competency or calculator proficiency.

S5 Prepare an Income Statement, Balance Sheet, and Statement of Cash Flows.

 

S6 Prepare closing entries and a Post Closing Trial Balance.

 

S8 Learn/practice ten-key by touch skills. Use Excel and an online accounting program.

S5 & S6 Worksheets, simulations, quizzes, and tests.

 

S8 Most assignments will be completed using the computer.

December (1st)

Or

May (2nd)

 

 

#7 Students will demonstrate an understanding of cash control systems.

 

#8 Students will acquire automated accounting competency or calculator proficiency.

S7 Understand the purpose of cash management in a business. Balance a checkbook, prepare banking documents, and reconcile a bank statement.

 

S8 Learn/practice ten-key by touch skills. Use Excel and an online accounting program.

S7 Worksheet, simulations, quizzes, and tests.

 

S8 Most assignments will be completed using the computer.

 

State Competency Test

Accounting I | Kay Adams updated May 2013