FIN 2 -
Accounting for a Merchandising Business
Organized as a Corporation
Course Description:
Course Description:
NOTE: This course is transitioning. Some information may not correctly reflect the current changes this semester.
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.
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
Articulation
Certification:
Certification:
Required
Certification Test Total Points: 1000
Certification Test Passing Points: 700
Certification Test Attempts: Unlimited
Optional
50 minutes
38-42 Questions
Retakes:
1st Retake: 24 hours
Subsequent Retakes: 5 days (120 hours)
Unlimited attempts
Cost: ?
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
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:
Agenda: