Common Planner
K–12 Standards

Accounting II

Other Missouri Business, Marketing, & Information Technology sets

Accounting for a  Departmentalized Business1

  • 1

    Explain the purpose of departmentalized accounting 1.1

  • 2

    Define terminology related to departmentalized accounting concepts and principles 1.2

  • 3

    Apply debit and credit rules to departmentalized business transactions 1.3

  • 4

    Journalize transactions for a departmentalized business in special journals 1.4

  • 5

    Post transactions from journals to a general and subsidiary ledger 1.5

  • 6

    Prepare and maintain payroll records for a departmentalized business 1.6

  • 7

    Understand the importance of maintaining confidentiality of employees’ personal information 1.7

  • 8

    Prepare financial statements for a departmentalized business 1.8

  • 9

    Journalize and post adjusting and closing entries for a departmentalized business1.9

Accounting Adjustments2

  • 1

    Define accounting terms related to accounting adjustments. 2.1

  • 2

    Identify accounting concepts and practices related to accounting for plant assets and depreciation 2.2

  • 3

    Journalize entries for plant assets 2.3

  • 4

    Calculate and record property tax expense 2.4

  • 5

    Calculate and record depreciation expense for plant assets using straight-line depreciation 2.5

  • 6

    Journalize entries for disposing of plant assets 2.6

  • 7

    Calculate depreciation expense using other methods 2.7

  • 8

    Explain unearned and accruals related to the matching principle 2.8

  • 9

    Identify accounting concepts and practices related to notes payable, prepaid expenses, and accrued expenses 2.9

  • 10

    Journalize transactions for notes payable 2.10

  • 11

    Journalize adjusting and reversing entries for prepaid expenses initially recorded as expenses 2.11

  • 12

    Journalize adjusting and reversing entries for accrued expenses and revenue.2.12

  • 13

    Identify accounting concepts and practices related to notes receivable, unearned revenue, and accrued revenues 2.13

  • 14

    Calculate and journalize transactions for notes receivable 2.14

  • 15

    Journalize adjusting and reversing entries for unearned revenue initially recorded as revenue2.15

Inventory Control3

  • 1

    Define terminology related to inventory and uncollectible accounts 3.1

  • 2

    Determine the cost of merchandise inventory using selected costing methods 3.2

  • 3

    Estimate the cost of merchandise inventory using selected estimating methods 3.3

  • 4

    Calculate the estimated uncollectible accounts expense 3.4

  • 5

    Calculate merchandise inventory turnover ratio and average number of days’ sales in merchandise inventory 3.5

  • 6

    Calculate and journalize uncollectible accounts expense using the direct write-off method 3.6

  • 7

    Calculate and journalize uncollectible accounts expense using allowance methods 3.7

  • 8

    Journalize the collection and reinstatement of previously written-off accounts 3.8

  • 9

    Calculate and analyze accounts receivable turnover ratios3.9

Accounting Cycle Process for a Corporation4

  • 1

    Define terminology related to the accounting cycle for a corporation 4.1

  • 2

    Calculate journal transactions for stock transactions 4.2

  • 3

    Calculate and journalize entries for bonds payable 4.3

Digital Applications5

  • 1

    Define terminology related to digital accounting systems 5.1

  • 2

    Use spreadsheets and/or software to complete the accounting cycle5.2

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12
Where can I read the official document?
Accounting II

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