FIN 2 -
Accounting for a Merchandising Business
Organized as a Corporation

Course Description:

NOTE:  This course is transitioning.  Some information may not correctly reflect the current changes this semester.

This introductory course will focus on accounting for a merchandising business organized as a corporation.  Topics covered include journalizing purchases and cash payments; journalizing sales and cash receipts using special journals; posting to general and subsidiary ledgers; preparing payroll records; payroll accounting, taxes and reports; worksheet for a merchandising business; financial statements for a corporation; recording adjusting and closing entries for a corporation. Multiple technologies will be used.  This course will help you with your personal finances and is highly recommended if you plan on pursuing a career in business after high school.  You will have the opportunity to showcase your accomplishments by participating in BPA (Business Professionals of America) Competitions.

Articulation

• Accounting Articulation Agreements

• Excel Articulation Agreements

• Excel - Expert Articulation Agreements

Certification:  

• • • Microsoft Office Specialist: Excel Associate (Microsoft 365 Apps)

      • Required

      • Certification Test Total Points:  1000

      • Certification Test Passing Points:  700

      • Certification Test Attempts:  Unlimited

    • Intuit Certified Bookeeping Professional

      • Optional

      • 50 minutes

      • 38-42 Questions

      • Retakes: 

        • 1st Retake:  24 hours

        • Subsequent Retakes:  5 days (120 hours)

        • Unlimited attempts

        • Cost:  ?

    • Microsoft Office Specialist: Excel Associate (Microsoft 2019)

      • Optional (BPA contest 230 - Fundamental Spreadsheet Applications - Free testing at NLC)

      • Certification Test Total Points:  1000

      • Certification Test Passing Points:  700

      • Certification Test Attempts:  Unlimited

• • • Credits:  1/2

    • Length:  1 Semester

    • One year of Finance satisfies your fourth year Math credit for the Michigan Merit Curriculum when taken during your senior year!

    • Prerequisite(s):  Finance I

BPA

• Competing in the following Business Professionals of America events are HIGHLY RECOMMENDED:

  • • 110 - Advanced Accounting

    • 125 - Payroll Accounting

    • 230 – Fundamental Spreadsheet Applications

• The following Business Professionals of America competitions are related to this curriculum:

  • • 100 - Fundamental Accounting

    • 110 - Advanced Accounting

    • 125 - Payroll Accounting

    • 145 - Banking and Finance

    • 150 - Financial Analyst Team

    • 155 - Economic Research Individual

    • 160 - Economic Research Team

    • 165 - Personal Financial Management

    • 190 - Financial Math and Analysis Concepts – Open Event

    • 230 – Fundamental Spreadsheet Applications

    • 235 - Advanced Spreadsheet Applications

    • 410 - Graphic Design Promotion

    • 500 – Global Marketing Team

    • 505 – Entrepreneurship

    • 510 – Small Business Management Team

    • 605 – Health Insurance and Medical Billing

    • 610 – Health Administration Procedures

    • V08 – Start-up Enterprise Team

    • V09 – Financial Portfolio Management Team

    • V14 – Ethical Leadership & Decision-Making Team

Agenda:

Links:

• Login to MindTap™ Century 21 Accounting: General Journal, 11th edition

• Resources

• Syllabus