Skyline 3

General Description: Students will be introduced to a formal system of financial-record management for proprietorships and partnerships. Students will also study accounting vocabulary, the relationship between accounting and business, and the accounting cycle for service business organized as proprietorship. QuickBooks accounting software will be used to enter transactions and create financial reports. A business simulation is used at the end of the semester to aid students in synthesizing and applying their learning.


  • Starting a proprietorship
  • Analyzing Transactions into Debit and Credit Plans
  • Recording Transactions in a general Journal
  • Posting from a General Journal to a General Ledger
  • Cash Control Systems
  • Preparing a Worksheet for a Service Business
  • Financial Statements
  • Recording Adjusting and Closing Entries
  • Accounting for Purchases and Cash Payments
  • Accounting for Sales and Cash Receipts
  • Accounting for Transactions Using a General Journal
  • Preparing Payroll Records
  • Payroll, Accounting, Taxes and Reports
  • Accounting for Uncollectable Accounts Receivable
  • Preparing Adjusting Entries and a Trial Balance
  • Financial Statements and Closing Entries for a Corporation
  • Financial Statement Analysis

Strategies: Students learn through a combination of:

  • Membership in DECA
  • Participation in DECA conferences
  • Simulation
  • Direct instruction

Equipment to be provided by Student: None

Note: Students join DECA and take an active role in DECA conferences. These provide students with the opportunity to travel and meet students from Washington State and throughout the United States.

Students who complete this course may qualify for college credit at various community and technical college programs. For more information, please visit the CTE Dual Credit page.