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					Unit ACC I 4:                            Special Applications

Content Standard ACC I 4.1:              Students apply Generally Accepted Accounting Principles (GAAP) to various forms of ownership and payroll.

Forms of Ownership
   Performance Expectations                          Instructional Strategies                  Assessment Strategies                    Supplementary Resources

ACC I 4.1.1 Compare and contrast the          Demonstrate and discuss each form of          Evaluate student’s ability to:          Chart of accounts for each form of
advantages and disadvantages of the           ownership: sole proprietorship,                compare and contrast the advantages   ownership
three forms of business ownership—sole        partnership, and corporation                     and disadvantages of the forms of
proprietorships, partnerships, and                                                             ownership                            South-Western Green Book-Chapters 1, 9,
corporations.                                 Prepare collage depicting different forms of  define in writing the advantages and   23
                                              ownership (students)                             disadvantages of the forms of        South-Western Blue Book-Chapters 1, 9,
                                                                                               ownership                            23
                                              Illustrate different forms of ownership using                                         Glencoe Book-Chapters 3, 15, 17, 27, 28
                                              charts of accounts
                                                                                                                                    Indiana’s Academic Standards
                                              Guest speaker from each form of                                                       English/Language Arts
                                              ownership                                                                             10.1.1, 10.2.1, 10.2.2, 10.5.6, 10.5.7,
                                                                                                                                    10.6.3, 10.7.7, 11.2.3, 11.5.6, 11.5.7,
                                              Field trips                                                                           11.6.1, 11.6.2, 11.7.6, 12.2.3, 12.5.6,
                                                                                                                                    12.5.7, 12.6.1, 12.6.2, 12.7.6
                                              Assign related problems                                                               Social Studies-Economics
                                                                                                                                    E.3.1




IDOE—Business, Marketing, & Information Technology                                                                                                                    Accounting I
January, 2006                                                                                                                                                       Page ACC I-28
Unit 4: Special Applications
Payroll
   Performance Expectations                          Instructional Strategies                    Assessment Strategies                       Supplementary Resources

ACC I 4.1.2 Explain the importance of         Discuss and demonstrate:                     Evaluate student’s ability to:                Teacher-/student-developed spreadsheets
payroll as a business expense.                 the importance of payroll as a business     determine systems on which earnings
                                                 expenses                                     are based (salary, hourly pay, overtime,   Commercial payroll software
ACC I 4.1.3 Calculate and maintain             importance of payroll records for a           commission)
employee payroll records.                        company as well as for the individual      calculate gross earnings at an hourly,      Tax consultant as a guest speaker
                                                 for calculation of taxes                     piece rate, salary, commission, and
ACC I 4.1.4 Calculate and maintain             how to read tax tables and calculate          salary/commission basis                    Field trips
employer payroll records.                        gross earnings, deductions, and net        define the types and purposes of
                                                 pay                                          employee withholdings                      Understanding Taxes—IRS
ACC I 4.1.5 Discuss the importance of
current issues in human resources and
                                               identify the four main components of        calculate employee’s deductions             South-Western Green Book-Chapters 12,
                                                 the employer’s payroll taxes: Medicare,      including FIT,FICA, and other
payroll for a business enterprise.                                                                                                       13
                                                 Social Security (FICA), federal              deductions including benefits to
                                                                                                                                         South-Western Blue Book-Chapters 12,
                                                 unemployment, state unemployment             determine net pay
                                                                                                                                         13
                                               the need to maintain company as well        identify and explain uses of various        Glencoe Book-Chapters 12, 13
                                                 as individual records for earnings and       payroll forms
                                                 deductions                                 complete payroll register                   Indiana’s Academic Standards
                                               preparation of employer’s payroll tax       analyze payroll transactions and            English/Language Arts
                                                 reports                                      prepare journal entries                    10.1.1, 10.2.1, 10.2.2, 10.4.1, 10.4.9,
                                               use of separate payroll checking            compute and record payroll, related         10.5.6, 10.5.7, 10.6.3, 10.7.7, 11.2.3,
                                                 account                                      payroll taxes, and payroll checks          11.4.1, 11.4.9, 11.5.6, 11.5.7, 11.6.1,
                                               use of direct deposit                       provide examples for internal controls in   11.6.2, 11.7.6, 12.2.3, 12.4.1, 12.4.9,
                                               elements of human resource area and           payroll and explain their need             12.5.6, 12.5.7, 12.6.1, 12.6.2, 12.7.6
                                                 related procedures such as FMLA,           calculate employer’s payroll taxes          Mathematics
                                                 comp time, insurance issues, etc.          prepare employee’s earnings record          A1.2.6, A1.9.1, A2.1.8, A2.6.2, A2.6.4,
                                                                                            identify payroll tax reports prepared       A2.6.5, A2.10.1, PC.1.2, PC.1.3, PC.9.1,
                                              Assign related problems                         regularly by the employer                  PC.9.2
                                                                                                                                         Social Studies-Economics
                                                                                            analyze the effects of human resource       E.2.10, E.2.12, E.4.1, E.4.3, E.4.4, E.4.5
                                                                                              areas




IDOE—Business, Marketing, & Information Technology                                                                                                                         Accounting I
January, 2006                                                                                                                                                            Page ACC I-29
Unit 4: Special Applications
     Performance Expectations                        Instructional Strategies           Assessment Strategies                    Supplementary Resources

ACC I 4.1.6 Demonstrate the use of and        Demonstrate use of spreadsheet or   Evaluate student’s ability to:             Accounting software
describe the differences between manual       accounting software                  use spreadsheet or accounting
and computerized accounting systems for                                              software in solving business problems   Spreadsheet software
payroll.                                      Assign related problems
                                                                                                                             South-Western Green Book- All Chapters
                                                                                                                             South-Western Blue Book-All Chapters
                                                                                                                             Glencoe Book-All Chapters

                                                                                                                             Indiana’s Academic Standards
                                                                                                                             English/Language Arts
                                                                                                                             10.1.1, 10.2.1, 10.2.2, 10.4.1, 10.4.9,
                                                                                                                             10.5.7, 10.6.3, 10.7.7, 11.2.3, 11.4.1,
                                                                                                                             11.4.9, 11.5.6, 11.5.7, 11.6.1, 11.6.2,
                                                                                                                             11.7.6, 12.2.3, 12.4.1, 12.4.9, 12.5.6,
                                                                                                                             12.5.7, 12.6.1, 12.6.2, 12.7.6
                                                                                                                             Mathematics
                                                                                                                             A1.2.6, A1.9.1, A2.1.8, A2.6.2, A2.6.4,
                                                                                                                             A2.10.1, PC.9.1, PC.9.2




IDOE—Business, Marketing, & Information Technology                                                                                                            Accounting I
January, 2006                                                                                                                                               Page ACC I-30

				
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