Accounting+II+&+III

(This Calendar is __**SUBJECT TO CHANGE**__ )
Time and Billing Practice
 * Week of... || Monday || Tuesday || Wednesday || Thursday || Friday ||
 * August 21 ||  ||   || =Standard:=

=Learning Target:=

=Activities:= Highs and Lows of the Summer

Woodward-Granger Concession Stand Work - Square Prep

Discuss Menu Options with Mr. Eichorn

Pricing - Based on last year's data

Set Price Points

Find Images for Items

=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:=

Insert Images for Square and Edit Items
Create Credit Card Signage for Concession Stand

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

Finish any Square Prep
=Check for Understanding:=

= = ||
 * August 28 || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:=

View Data from the Football Game
What did you learn?

Prices for Food Items - Where should the margin be higher? Where should it be lower?
=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:=

Discuss Square App and make sure it is prepared to collect starting inventory.
Discuss Inventory - It's Importance, why track it, benefits and challenges of the inventory process.

Perpetual vs Physical

Continue to Prep Square Register

=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:=

The Cash Drawer - How it works, control and considerations for each iPad.
Inventory Counts

=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:=

Continue Inventory

=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions. =Activities:=

Inventory Completed =Check for Understanding:=

= = ||
 * September 4 || =No School= || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:= Square Prep and Inventory for COGS

=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:= Square Prep and Inventory for COGS = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:= Square Prep and Inventory for COGS = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:= Square Prep and Inventory for COGS = =

=Check for Understanding:=

= = ||
 * September 11 || =====http://money.usnews.com/careers/best-jobs/accountant=====

Careers in Accounting https://www.youtube.com/watch?v=ddVcIBk8IPA

http://www.accounting.com/careers/

Career Search Assignment

= =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Finish Career Exploration and Discuss = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:= Finish Square Prep and Spreadsheet

=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:= Finish Square Prep and Spreadsheet = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:= Identify the importance of an effective record keeping system in helping make decisions.

=Activities:= Finish Square Prep and Spreadsheet = =

=Check for Understanding:=

= = ||
 * September 18 || =Standard:=

=Learning Target:=

=Activities:= Complete Inventory Counts and Information for Concession Stand. || =Standard:=

Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:= Identify the function and use of special journals.

=Activities:= Chart of Accounts - Accounts and Categories for the Winning Edge

Read about Winning Edge and Identify its Characteristics. - Should it be a corporation?

Review Transactions and the debit and credit sides.

Ch. 18 - The Use of Special Journals Discuss the Benefits and the Downfalls

The Winning Edge Discussion || =Standard:=

Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:= Identify the function and use of special journals.

Determine the needs of merchandise for the type of business.

=Activities:=

18.1 - Purchases Journal

WT - p. 459 #4-6 OYO - p. 459 #7-9

Application 18.1

Purchases - Where from and for what business - Business Scenario

Analyze the Concession Stands - Where we might purchase from?? || =Standard:=

Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:= Identify the function and use of special journals.

=Activities:=

Discuss 18.1 Application

18.2 - Expenses and Purchases - Cash Payments Journal

What forms of payments should a business use?

WT - p. 464 #4 || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:= Demonstrate the Journal Entries into the Special Journal =Activities:=

Purchases and Cash Payment Journal Practice.

=Check for Understanding:=

18.1 and 18.2 Application || Complete the steps in the accounting cycle in order to prepare the financial statements.
 * September 25 || =Standard:=

=Learning Target:= Demonstrate the Journal Entries into the Special Journal

Identify the other forms of payment that are not with cash or on account and how are they recorded. =Activities:= Making Payments - Not on Account

Credit Card Choices - Business Credit Cards = =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:= Identify how to record Cash Short and Over Transactions in the Cash Payments Journal.

=Activities:= 18.3 - Petty Cash and Posting - Cash Payments Journal

18.3 App, 18.4 - General Journal

=Check for Understanding:=

=Application 18.4 and 18.5 App= || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:=

=Activities:= Reasons for Incorporating - Learning http://www.legalzoom.com/incorporation-guide/definition-of-a-corporation.html

Use the arrows below the paragraphs/summaries to continue to learn more.

Parts of a Corporation - Check out Video in regards to steps to form a corporation. - Shared in your Google Drives

=Check for Understanding:= || =Standard:= Describe the major types of business organizations, including sole proprietorships, partnerships, corporations, and limited liability companies, operating within the socioeconomic arena of the national and international marketplace. =Learning Target:= Identify the key characteristics of a corporation.

Learn the process and requirements to forming a corporation.

=Activities:=

Corporation Characteristics

http://www.bizfilings.com/iowa/incorporation.aspx
 * Research**

https://www.sba.gov/content/corporation

http://smallbusiness.chron.com/c-corporation-requirements-3978.html

http://www.bizfilings.com/learn/incorporation-requirements.aspx

Create a summary of what it takes to incorporate in a presentation, based on your research and what you have discovered.

It should be organized as a Step by Step list for someone if they were interested in learning how to start a corporation. Also to address some of the different characteristics of the corporation and why choose the form of ownership.

Consider the list below

https://www.legalzoom.com/knowledge/corporation

Definition of a Corporation Reasons to Form Startup Procedures Day to Day Activities Articles of Incorporation C-Corp S-Corp Tax Advantages/Disadvantages Compare Corporations to Proprietorships and Partnerships Managing a Corporation Appointing/Required Officers Owners of a Corporation Corporate Stock Shareholders and Directors

=Check for Understanding:= Corporation Work Time = = || =No School= || Describe the major types of business organizations, including sole proprietorships, partnerships, corporations, and limited liability companies, operating within the socioeconomic arena of the national and international marketplace.
 * October 2 || =Standard:=

=Learning Target:= Journal Cash Payments, Purchases and General Journal Transactions.

Identify the Key Characteristics of the Corporation. =Activities:= Corporation Work Time - Assemble the Data

Q and A = =

=Check for Understanding:= 18-7 Mastery - Journal and Post = = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:= Journal Cash Payments, Purchases and General Journal Transactions.

Identify the Key Characteristics of the Corporation. =Activities:=
 * Present How to Form a Corporation**


 * Discuss Findings and their Presentation**

= =

=Check for Understanding:= 18-7 Mastery - Journal and Post = = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= Journal Cash Payments, Purchases and General Journal Transactions.

=Check for Understanding:=

= = Discuss Mastery Problem and prepare for the assessment

Discuss and Review Content and Vocabulary || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:=

=Activities:= Ch. 18 Assessment - Start with Journals and Posting.

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:=

=Activities:= Finish the Assessment = = =Check for Understanding:=

= = || Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:= Understand the process of receiving sales and what needs to be recorded.'
 * October 9 || =Standard:=

=Activities=

Vocabulary Development

Begin 19.1 - Sales Journal Discuss Sales Tax - What the process looks like?

Sales Tax By State

Sales Tax by County - Local Option

Recap of Sales Tax Rules -

=Check for Understanding:=

=19.1 Application= || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:= Understand the process of receiving sales and what needs to be recorded.

=Activities:= 19.2 - Cash Receipts Journal ] = =

=Check for Understanding:=

19.2 WT || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= 19.2 Work Together and On Your Own. = =

=Check for Understanding:=

=19.2 Application= || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:=

= =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= 19.3 General Journal

WT - p. 503 #3-5

__Homework__

AU - p. 503 #1-2

Application 19.3

= =

=Check for Understanding:=

= = || Complete the steps in the accounting cycle in order to prepare the financial statements.
 * October 16 || =Standard:=

=Learning Target:= Identify key items to consider when conducting international sales.

=Activities:= 19.3 App discussion

19.4 - International Sales [|Sight Draft -] [|Bill of Lading -] [|Time Draft -] [|Letter of Credit -] [|Exports -] [|Imports -]


 * International Business Articles**

http://smallbusiness.chron.com/10-things-before-conducting-international-business-20611.html

http://www.inc.com/articles/2009/11/how-to-sell-internationally.html

http://www.business.ftc.gov/documents/alt067-electronic-commerce-selling-internationally-guide-businesses

http://www.inc.com/ss/9-tips-doing-business-globally

Discuss the suggestions of conducting business internationally for 1 of the Articles above

1.) Summarize the article

2.) Identify the positives/negatives mentioned in conducting business internationally.

3.) What is the biggest challenge of doing business overseas based on your reading?

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= Selling Online - What do you need? http://www.businessnewsdaily.com/4707-ecommerce-website-guide.html

Web Host

Domain Name

Website

Merchant Processor

Forms of Payment

Things to Consider when conducting business online?

Do you have to conduct business online? Advantages and Drawbacks.

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= Shopping Cart https://www.practicalecommerce.com/10-Essential-Shopping-Cart-Features

Taxes - https://www.sba.gov/blogs/sales-tax-101-small-business-owners-and-online-retailers

Shipping - http://www.businessnewsdaily.com/8499-ecommerce-shipping-guide.html

Returns - https://www.bigcommerce.com/blog/create-a-returns-and-exchanges-policy-that-sells/

Examples - https://www.amazon.com/gp/orc/returns/homepage.html/ref=orc_surl_ret_hp?fg=1

https://returns.nflshop.com/

Web Host Examples http://www.wix.com/upgrade/premium-plans https://squareup.com/online-store

= =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= Mastery Problem - Journal Only Today = =

=Check for Understanding:= || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:=

=Activities:= Practice Transactions - Finish Posting and Practicing preparing Schedule of Accounts Receivable

Discuss Posting Procedure Reminders

Vocabulary Review

Content Review and Practice = =

=Check for Understanding:=

= = || Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=
 * October 23 || =Standard:=

=Activities:= Ch. 19 Assessment = =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= Finish Assessment

=Check for Understanding:= || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= Finish Assessments

Folder Set Up and Prep for Quickbooks

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= Using Quickbooks - File Restore and Navigation

Begin Introduction to Quickbooks

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:=

=Activities:= Introduction

Problem 1

= =

=Check for Understanding:=

= = || Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:= Learning to navigate Quickbooks and where to find =Activities:= Problem 2 - Introductory
 * October 30 || =Standard:=

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:= Learn how to create a Company file in Quickbooks. =Activities:=



Ch.12 - Quickbooks - Company File Setup

Set Up Practice

= =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:= Learn how to create a Company file in Quickbooks. =Activities:= Ch.12 - Quickbooks - Company File Setup

Set Up Practice

= =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:= Learn how to create a Company file in Quickbooks.

Prepare Opening Balances

Closing Open Balance Equity

=Activities:= Ch.12 - Quickbooks - Company File Setup

Set Up Practice

= =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:= Learn how to create a Company file in Quickbooks.

Prepare Opening Balances

Closing Open Balance Equity =Activities:=

=Finish Set Up - Problem 1=

=Check for Understanding:= Begin Problem 2 || Complete the steps in the accounting cycle in order to prepare the financial statements.
 * November 6 || =Standard:=

=Learning Target:= Using Quickbooks to set up a company and its files for the business

=Activities:=

=Problem 2 - Work Time=

=Check for Understanding:=

Problem 2 = = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:= Using Quickbooks to record sales transactions.

=Activities:= The Sales Process - Practice = =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:= Using Quickbooks to record sales transactions.

=Activities:= The Sales Process Practice

= =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

=Learning Target:= Using Quickbooks to record sales transactions.

=Activities:= =The Sales Process Practice=

=Check for Understanding:=

= = || =No School= = = || Complete the steps in the accounting cycle in order to prepare the financial statements.
 * November 13 || =Standard:=

=Learning Target:= Demonstrate the Sales Recording Process in Quickbooks.

=Activities:= Sales Process Problem 1

=Check for Understanding:= || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:= Demonstrate the Sales Recording Process in Quickbooks.

Identify the function and use of Quickbooks in Managing Company Expenses.

=Activities:= =Sales Problem 2=

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements. =Learning Target:= Using Quickbooks to manage operating expenses for the business. =Activities:=

https://community.intuit.com/articles/1182163-use-undeposited-funds-to-record-daily-sales

Managing Expenses Practice = =

=Check for Understanding:= || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions. =Learning Target:= Using Quickbooks to manage operating expenses for the business. =Activities:= Managing Expenses Practice

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions. =Learning Target:=

=Activities:= Managing Expenses Practice

Begin Problem 1

=Check for Understanding:=

= = || Complete the steps in the accounting cycle in order to prepare the financial statements.
 * November 20 || =Standard:=

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

=Learning Target:=

=Activities:= = =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

=Learning Target:=

=Activities:= On Account Terms and Uncollectable Accounts

Credit https://www.investopedia.com/terms/c/credit.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186



Credit Ratings for Business - []

https://www.investopedia.com/terms/c/corporate-credit-rating.asp

Look up Examples of Credit Ratings - Moody's

What to do if you don't have a rating? - What do you need to know? -

Student Teaching http://www.sba.gov/content/managing-your-business-credit

http://www.sba.gov/content/extending-credit-your-customers

= =

=Check for Understanding:=

= = || =No School=

= = || =No School= || =No School= || Complete the steps in the accounting cycle in order to prepare the financial statements.
 * November 27 || =Standard:=

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

=Learning Target:= Recognize the information needed in order to determine the credit ability of a customer.

=Activities:=

Look Over Credit Application - Business - What information do you need to collect from customers?



Video and Guidance on Terms and Collections

Discuss Credit Terms - Things to consider when offering credit.

Practice Writing Terms for Businesses based on Credit

=Check for Understanding:=

== || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

=Learning Target:=

=Activities:= Discuss Terms and Reflections

Collecting Overdue Accounts - Video



=Check for Understanding:= || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

=Learning Target:=

=Activities:= Finish Collecting Past Due Accounts.

= =

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

=Learning Target:=

=Activities:=
 * WT**

Make sure you understand how the estimation for Uncollectable Accounts is critical to the business' reporting on Financial Statements.

==

=Check for Understanding:=

= = || =Standard:= Complete the steps in the accounting cycle in order to prepare the financial statements.

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

=Learning Target:=

=Activities:=


 * WT and OYO**


 * Application Problem 20.1**


 * 20.2 Application**


 * Application 20.3**

=Check for Understanding:=

=Mastery Problem= || Complete the steps in the accounting cycle in order to prepare the financial statements.
 * December 4 || =Standard:=

Assess the financial condition and operating results of a company and analyze and interpret financial statements and information to make informed business decisions.

=Activities:= Mastery Problem - Check

Discuss the Challenge Problem

Review for Ch. 20 Assessment - Vocabulary and Content Review =Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

=Uncollectable Accounts Assessment=

=Check for Understanding:=

=Assessment= || =Standard:=

=Learning Target:=

=Activities:=

Finish the Assessment

Additional Customer Transactions - QB - Prep QB

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Additional Customer Transactions - QB - Prep

Prep for Friday's Field Trip

Conterra Asset Management

Additional Customer Transactions - QB

=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:= Field Trip to Conterra Asset Management = =

=Check for Understanding:=

= = ||
 * Dec 11 || =Standard:=

=Learning Target:=

=Activities:=

Additional Customer Transactions Practice = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Additional Customer Transactions

Problem 2 = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Ch. 21.1 Vocabulary Discovery for Depreciation Record Vocabulary for Tomorrow




 * Current Assets/Plant Assets - A Home for an example**

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Yahoo Finance - Current Assets and Plant Assets Discuss what each Asset consists of in each category
 * Corporation Plant Assets**

Find 3 Companies and compare their assets - Look at the different Business Types. Why does that make a difference in their current assets?

Discuss the Assessed Value of 3 Businesses - P,P and E that helps determine Property Taxes

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= __**Plant Assets**__
 * Real Property, Personal Property, Property Taxes**
 * Assessor Websites**

Polk - http://web.assess.co.polk.ia.us/cgi-bin/web/tt/infoqry.cgi?tt=home/index

Dallas- http://assessorweb.co.dallas.ia.us/Searchv3.aspx

Discover 3 Different Businesses Name and a Description of what they do, plus Land Value Building Value Property Tax Information - How much per year


 * WT - p. 548 #5-6**
 * OYO – p. 548 #7-8**
 * Application 21.1**

=Check for Understanding:= ||
 * December 18 || =Standard:=

=Learning Target:=

=Activities:= Plant Assets and Depreciation

[|What is Depreciation?] Ch. 21.2 Depreciation Expense

WT OYO

=Check for Understanding:= 21.1 OYO || =Standard:=

=Learning Target:=

=Activities:= Lecture and PowerPoint 21.3 - Creating the Plant Asset Record
 * __21.3 Journal Depreciation Expense__**

21.3 WT

Solving the Depreciation Adjustments

=Check for Understanding:= = = =21.3 App= || =Standard:=

=Learning Target:=

=Activities:= https://www.irs.gov/publications/p946

Choose a Business and Pick 5 Plant Assets that you would need for the business. You need to discover the prices of each. (Consider Quantity of the item needed)

Discuss the 5 Tangible Assets, their annual depreciation and useful life

Create Depreciation Tables in a Spreadhseet

= = = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

Lecture and PowerPoint
 * __21.4 – Disposing of Plant Assets__**

Work Together – p. 561 #5-7

= =

=Check for Understanding:=

= = Go through Mastery Problem - Clear up Questions.

Content/Vocabulary Review for Assessment Tomorrow || =Standard:=

=Learning Target:=

=Activities:=

= =

=Check for Understanding:= || = = || =Standard:=
 * January 1 || NO SCHOOL

=Learning Target:=

=Activities:=
 * __21.4 Application__**


 * App Problem and 21.5**


 * Complete the Inventory Records Spreadsheet**

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=
 * Discuss Application Problems 21.3-5**


 * Complete the Inventory Records Spreadsheet**

=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:= =21.7 Mastery Problem= = =

=Check for Understanding:=

= = = = || =Standard:=

=Learning Target:=

=Activities:= Discuss 21.4 App


 * __21.5 Declining Balance Method of Depreciation__**

Lecture and PowerPoint


 * Application Problem 21.6 **

Which Assets would you double decline method

=Check for Understanding:=

= = ||
 * January 8 || =Standard:=

=Learning Target:=

=Activities:=

= =

=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:=

=Check Mastery=

=Check for Understanding:= || Finals || No School - Snow Day || Finals ||
 * January 15 || =No School=

= = || =Standard:=

=Learning Target:=

=Activities:=

=Ch. 21 Assessment - Vocab and Content=

http://www.cnbc.com/live-tv/the-profit/full-episode/detroit-denim/1111269955566
 * The Profit**

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

http://www.cnbc.com/live-tv/the-profit/full-episode/detroit-denim/1111269955566
 * The Profit**

Discuss Financials of a company to see what is done to make the business more profitable. = =

=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:=

http://www.cnbc.com/live-tv/the-profit/full-episode/detroit-denim/1111269955566
 * The Profit**

Discuss Financials of a company to see what is done to make the business more profitable.

=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:= Finish the Profit

Inventory Videos - Introducing Inventory Process and Vocabulary

Merchandising - Its importance and how it is used in a business.

Complete the Vocab

Merchandising - Its importance and how it is used in a business. - Marketing Impact - Promotions

=Check for Understanding:= || Utilize information and technology tools to conduct business effectively and efficiently.
 * January 22 || =Standard:=

=Learning Target:= Understand the concept of merchandising within a business

=Activities:=

__**Finish Videos and Vocabulary**__

Merchandising - Read the article and watch the video to learn some insight

http://www.cbsnews.com/news/how-supermarkets-lure-you-to-buy-more/

=Check for Understanding:= || =Standard:= Utilize information and technology tools to conduct business effectively and efficiently.

=Learning Target:= Understand the concept of merchandising within a business

Finish Videos

UPC Labels - The Bar Code How to obtain them?

http://guides.wsj.com/small-business/starting-a-business/how-to-get-upc-codes-for-your-products-2/

http://www.gs1us.org/get-started/im-new-to-gs1-us/anatomy-of-a-upc-barcode

Merchandising http://insider.asdonline.com/the-secrets-of-visual-merchandising-a-step-by-step-guide/

__**Planograms and Store Layouts**__ https://s-media-cache-ak0.pinimg.com/564x/f3/c5/c3/f3c5c3844f3e43e78fd1e3ebda2855b6.jpg

https://i.pinimg.com/564x/f3/c5/c3/f3c5c3844f3e43e78fd1e3ebda2855b6.jpg

http://chrislewisart.com/portfolio/nike_dsg_washsq_2012-05-29_0016/ || =Standard:= Utilize information and technology tools to conduct business effectively and efficiently.

=Learning Target:=

=Activities:=

Using the examples to help gain perspective. Design what you would feel to be the ideal set up of a store and department at one of your favorite stores.

Be specific on shelving, tables, hooks, displays etc.. as much as you can.

Products/Brands/Amounts/Colors

Activities:

Finish and create final designs of departments at a store and be very specific and professional.

=Check for Understanding:Layout and Planogram= = =

= = || =Standard:=

Utilize information and technology tools to conduct business effectively and efficiently. =Learning Target:=

=Activities:= Submit Final Designs - Share

=Discuss Perpetual Recording System - Concession Stand=

How has it been working? Problems, Successes, Failures, Desires.

=Project - Concession Stand=

Merchandising, Planograms, Storing, Restocking, Ordering.

Improve the Process to Maintain Inventory and be more effective in selling the merchandise.

=Check for Understanding:=

= = = = || =Standard:=

Utilize information and technology tools to conduct business effectively and efficiently. =Learning Target:=

=Activities:= Work Time on Project - Due Tuesday

= = =Check for Understanding:= || Implement accounting procedures to track money flow and to determine financial status. =Learning Target:= Determine Correct Method to determine the cost of merchandise.
 * January 29 || =Standard:=

Create a merchandising plan for the concession stand at WG.

=Activities:= Work Time on Inventory Project

and

=Fifo, Lifo, and Weighted Average - Calculating the Cost of Inventory=

http://www.inc.com/jeff-haden/how-to-choose-between-lifo-and-fifo-accounting.html

=Check for Understanding:=

= = = = || =Standard:= Implement accounting procedures to track money flow and to determine financial status. =Learning Target:= Create a merchandising plan for the concession stand at WG. =Activities:= Discuss Costing Method Choice http://www.inc.com/jeff-haden/how-to-choose-between-lifo-and-fifo-accounting.html

Work Time on Inventory Project

=Check for Understanding:=

= = || =Standard:= Implement accounting procedures to track money flow and to determine financial status. =Learning Target:= Determine Correct Method to determine the cost of merchandise.

Discover how to solve for the correct merchandise amount for the fiscal year.

=Activities:= Inventory Project Work Time - Finish up for tomorrow.

=Check for Understanding:= || =Standard:= Implement accounting procedures to track money flow and to determine financial status. =Learning Target:= Discover the importance of estimating the cost of merchandise for projections and financial statements.

=Activities:= Share Project Findings and Discuss


 * 22.2 WT, 22.2 OYO, 22.2 Application**

Estimating Gross Profit ==

=Check for Understanding:=

|| =Standard:= Implement accounting procedures to track money flow and to determine financial status. =Learning Target:= Determine Correct Method to determine the cost of merchandise.

Discover how to solve for the correct merchandise amount for the fiscal year.

Discover the importance of estimating the cost of merchandise for projections and financial statements.

=Activities:=

=Check for Understanding:= = = ||
 * February 5 || =Standard:=

=Learning Target:=

=Activities:= Inventory Project Work Time - Finish up detailed planograms for Wednesday.

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Mastery Problem

Review Inventory Unit Content and Vocabulary = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Ch. 22 Assessment - Vocab and Content || =Standard:=

=Learning Target:=

=Activities:= FIFO, LIFO, AND WEIGHTED AVG.

Gross Profit Method

I

= =

= = || =Standard:=

=Learning Target:=

=Activities:=

= =

=Check for Understanding:=

= = ||
 * Feb 12 || =Standard:=

=Learning Target:=

=Activities:= nventory - Quickbooks = = Inventory Practice - Quickbooks =Check for Understanding:=

= = = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Inventory Practice - Quickbooks = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Inventory Quickbooks - Practice and Problem 1 = = =Check for Understanding:=

= = = = || =Standard:=

=Learning Target:=

=Activities:= Inventory Quickbooks - Problem 2 - Due Friday = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Ch. 23 Promissory Notes

What do businesses borrow money for?

Discuss the types of Loans a business might use.

Discuss Is a Loan or Lease the best fit? http://www.businessnewsdaily.com/7056-buy-or-lease.html

=Check for Understanding:= ||
 * February 19 || =Standard:=

=Learning Target:=

=Activities:= Discuss Small Business Loan Assignment




 * Solving for Interest - Promissory Notes**

http://www.bankrate.com/calculators/business/business-calculator.aspx

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= =No School - Ice Storm=

=Check for Understanding:=

= =

= = || =Standard:=

=Learning Target:=

=Activities:=

=23.1 & 23.2 - WT=


 * Application Problem 23.1 **


 * Application Problem 23.2 **



=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:= =Discuss Promissory Notes Activity=

= = = = =Check for Understanding:=

= = || =No School - PD= ||
 * February 26 || =Standard:=

=Learning Target:=

=Activities:= Discuss Promissory Notes Activity

Discuss Interest Income Transactions when businesses don't pay. - Notes Receivable and Interest Income

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= 23.3 WT and App

Finish Transaction Discussions

Complete the Mastery Problem - Discuss Adaptations

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= =Review and Discuss Vocabulary Content and Problems.=

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

=Promissory Notes Assessment=

= =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Finish Promissory Notes Assessment

= = ||
 * March 5 || =Standard:=

=Learning Target:=

=Activities:=

Ch. 24.1 Accrued Revenue



Ch. 24.2 Accrued Expenses

=Check for Understanding:=

= =

= = || =Standard:=

=Learning Target:=

=Activities:= WT - 24.1 OYO - 24.1

WT - 24.2 OYO 24.2

=Check for Understanding:= Application 24.1 Application 24.2 = = || =Standard:=

=Learning Target:=

=Activities:=

24.3 Application

24.4 Mastery Problem

Review and Content Practice

https://www.investopedia.com/ask/answers/031015/what-difference-between-accrued-expense-and-accrued-interest.asp



=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Ch. 24 Accrued Revenue and Expenses Assessment

= =

=Check for Understanding:=

= = || No School ||
 * March 12 || =Spring Break= || =Spring Break= || =Spring Break= || =Spring Break= || =Spring Break= ||
 * March 19 || =Standard:=

=Learning Target:=

=Activities:= Restore Bank Rec, Reports, Customizing Quickbooks

Quickbooks - Bank Reconciliation Practice

= =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Quickbooks - Bank Reconciliation Practice

Quickbooks - Bank Reconciliation - Problem 2

= =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Begin Quickbooks - Reports Practice

= =

=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:= Quickbooks - Reports Practice

= =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Finish QB Reports Practice

End of Quarter

= =

=Check for Understanding:=

= = ||
 * March 26 || =Standard:=

=Learning Target:=

=Activities:= Reports - Problem 2

Analysis Questions

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Customizing QB Practice

Pick a Business to use for the Practice

= = =Check for Understanding:=

= = =IA Assessments=

= = || =Standard:=

=Learning Target:=

=Activities:= Finish Practice Customization

= =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

Customization Practice = =

=Check for Understanding:=

= = =IA Assessments= || =Standard:=

=Learning Target:=

=Activities:=

Customizing - Layouts and Sales Forms = =

=Check for Understanding:=

= = ||
 * April 2 || =Standard:=

=Learning Target:=

=Activities:= = = =Customizing Problem 2= = =

= = || =Standard:=

=Learning Target:=

=Activities:= Time and Billing Practice

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= =Complete Customization Problem=

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Time and Billing Practice

= =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Time and Billing - Practice

Complete

= =

=Check for Understanding:=

= = ||
 * April 9 || =Standard:=

=Learning Target:=

=Activities:= Time and Billing Problem 2

Corporate Tax Havens https://www.youtube.com/watch?v=MxgezC4KhXQ

Discuss the 35% Corporate Income Tax Solving and Reporting Federal Income Tax for Corporations

Current Issues

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Corporate Income Taxes Write at least a half page response about if you are for or against the corporate tax rate of 35% that was lowered to 20%. Should it be lowered, kept the same, changed to something else, etc.... Provide Supports for your writing that reference the articles that you have read plus described what the after effect would be if you implemented the change.


 * Due Tomorrow**

http://www.usatoday.com/story/money/business/2013/10/23/big-companies-pay-no-taxes/2480281/
 * Lowering the Tax Rate**

10 Reasons to Abolish the Corporate Income Tax - http://www.wsj.com/articles/john-steele-gordon-top-10-reasons-to-abolish-the-corporate-income-tax-1419899269

https://www.nytimes.com/2014/01/06/opinion/abolish-the-corporate-income-tax.html

http://www.usatoday.com/story/money/markets/2016/03/07/27-giant-profitable-companies-paid-no-taxes/81399094/



https://www.cnbc.com/2017/08/30/theres-little-evidence-that-cutting-corporate-taxes-creates-jobs.html
 * Arguements Against the Cuts**

https://www.nytimes.com/2018/02/26/business/tax-cuts-share-buybacks-corporate.html

= = https://www.washingtonpost.com/news/wonk/wp/2017/12/15/the-final-gop-tax-bill-is-complete-heres-what-is-in-it/?noredirect=on&utm_term=.bb2e1117f626
 * Changes that went into place**

https://www.cnbc.com/2018/01/11/walmart-to-boost-starting-wage-give-employees-bonus-after-tax-bill.html = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Discuss Articles

Dividends http://www.investopedia.com/terms/d/dividend.asp

Preferred Stock vs. Common Stock www.youtube.com/watch?v=3rckSrGURm4 www.investopedia.com/terms/p/preferredstock.asp

Retained Earnings http://www.investopedia.com/terms/r/retainedearnings.asp

Declaring Dividends http://www.businesswire.com/news/home/20160310005169/en/Target-Corporation-Declares-Regular-Quarterly-Dividend

http://gmauthority.com/blog/2016/02/general-motors-announces-first-quarter-2016-dividend/

For the 2 companies of your choice on Yahoo! Finance use the Cash flow statement to see what has been paid out in dividends over the past 3 years.

Find also the retained earnings on the balance sheet.

Check Vocab and Yahoo Finance

25.1

=WT and OYO p. 639=

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

= =

=Check for Understanding:=

25.1 WT

25.1 App and 25.2 App || =Standard:=

=Learning Target:=

=Activities:= 25.2 Preparing a Worksheet

25.2 WT and OYO

Discuss the Adjustments that a corporation will make at year end.

= =

=Check for Understanding:=

= = ||
 * April 16 || =Standard:=

=Learning Target:=

=Activities:= Check over the prep work

25.2 WT and OYO - Solve Income before Tax

Corporate Income Tax Table http://www.cfp.net/docs/default-source/cfp-certification---cfp-exam-requirement/exam-tax-tables.pdf?sfvrsn=20

https://www.thebalance.com/trump-s-tax-plan-how-it-affects-you-4113968

Discuss the Corporate Tax Rate

Discuss the 21% Corporate Income Tax Solving and Reporting Federal Income Tax for Corporations

Discuss the Estimated Quarterly Tax Return and the Tax Return.

http://www.irs.gov/pub/irs-pdf/f1120.pdf Tax Return http://www.irs.gov/pub/irs-pdf/i1120.pdf - Tax Return Instructions

Complete for Practice - Use a Yahoo! Finance Example http://www.irs.gov/pub/irs-pdf/f1120w.pdf - Estimated Tax Form http://www.irs.gov/pub/irs-pdf/i1120w.pdf - Estimated Tax Instructions

25.3 Federal Income Tax

Make sure 25.1-3 WT and OYO are complete = = 25.3 WT & OYO - Complete the Worksheet =Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Check WT and OYO 25.1

Complete the Quarterly Estimate Tax Return

Complete for Practice - Use a Yahoo! Finance Example - Learn to estimate Income Percentages

http://www.irs.gov/pub/irs-pdf/f1120w.pdf - Estimated Tax Form http://www.irs.gov/pub/irs-pdf/i1120w.pdf - Estimated Tax Instructions

=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:= 25.1-3 Application - Complete the worksheet for tomorrow in its entirety. = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Check over the worksheets and make sure the adjustments and year end information is correct.

Check Under Armour Income Statements and complete - 1120w -Estimated Tax Return
Begin the Mastery Problem we will finish in class tomorrow.

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

25.5 Mastery Problem

Review for Assessment and Vocab

Assessment Topics and prepare

Corporate Income Tax - Solving Practice 21%

=Check for Understanding:=

= = ||
 * April 23 || =Standard:=

=Learning Target:=

=Activities:= Ch. 26 - Corporation Financial Statements 26.1 WT and OYO - Preparing the Income Statement - Set up and how it works together.

=Check for Understanding:= || =Standard:=

=Learning Target:=

=Activities:=

=CH. 25 Assessment - The Worksheet, Adjustments=

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Discuss WT

Complete Application 26.1

26.2 Preparing the Stockholders Equity Statement WT OYO

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= 26.2 Application

26.3 - Preparing the Balance Sheet WT and OYO

26.3 Application

Final Vocabulary Review Sheet

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

http://www.netmba.com/finance/financial/ratios/

Find Working Capital

Quick Ratio

Current Ratio



26.4 Reversing, Adjusting, Closing Entries

WT OYO

26.4 Application

Check your 26.4 App

Complete the 26.5 - Mastery Problem for tomorrow.

=Check for Understanding:=

= = ||
 * April 30 || =Standard:=

=Learning Target:=

=Activities:=

Mastery Problem - Complete for tomorrow

Review for Finals Vocabulary/Content Final if complete.

=Check for Understanding:=

= =
 * Mr. Combs at Conference Golf - All Day** || =Standard:=

=Learning Target:=

=Activities:=

Check the Mastery Problem Financial Statements and closing entries.

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=
 * Mr. Combs at Conference Golf - All Day**

Review and Practice

Reinforcement Problems

Answers to Journals

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Mr. Combs Gone

Review and Practice

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

Review Day for Assessment

= =

=Check for Understanding:=

= = ||
 * May 7 || =Standard:=

=Learning Target:=

=Activities:=

=Vocabulary/Content Assessment=

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

Finish Vocabulary and Decision Making Assessment

Begin Final Assessment

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Assessment

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Assessment = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= Assessment = =

=Check for Understanding:=

= = ||
 * May 14 || =Standard:=

=Learning Target:=

=Activities:= Assessment = =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:= =Finish Assessment=

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

= =

=Check for Understanding:=

= = Course Evaluation http://goo.gl/forms/wv5hEFXiVVq8j8T82 || =Standard:=

=Learning Target:=

=Activities:=

= =

=Check for Understanding:=

= = || =Standard:=

=Learning Target:=

=Activities:=

= =

=Check for Understanding:=

= = ||
 * May 21 || Finals - 1. 3. 5 || Finals - 2, 4, 6 || Finals, 7 and 8 ||  ||   ||