Indiana Accounting Standards Alignment
Accounting is one of the most common Business classes offered at the high school level in Indiana. There are two sets of standards published (Accounting I and Accounting II). Accounting II covers much of the same subject matter, but at a much deeper level. The alignment below is specific to Accounting I, but many of the activities are applicable to both levels.
Activity Type Key:
Articles
Videos
Interactive Calculators
Comprehensive Tools
Includes Built-In Assessment
| Standard | Activity | Activity Type |
| The Accounting Cycle | Understanding the role of accountants in business and society | |
| GAAP – Financial Reporting and Terms | ||
| GAAP – Liability Accounting | ||
| GAAP – Accounting Revenue and Expenses | ||
| What is an Income Statement? | ||
| What are Financial Records? | ||
| The Accounting Cycle | ||
| GAAP – Asset Accounting | ||
| GAAP – Accounting for Equity | ||
| GAAP – Accounting Gains and Losses | ||
| What is a Balance Sheet? | ||
| Creating Financial Statements | ||
| Forms of Business Ownership | ||
| Types of Companies | ||
| Accounting Principles | GAAP – Asset Accounting | |
| Cash Flow | ||
| Cash Planning | ||
| GAAP – Accounting Revenue and Expenses | ||
| Cost Accounting | ||
| GAAP – Liability Accounting | ||
| Issuing stock and dividends | ||
| Forms of Business Ownership | ||
| Corporate Debt | ||
| Creating Financial Statements | ||
| Financial Statements | Creating Financial Statements | |
| Financial Analysis through key ratios | ||
| Business Ethics Overview | ||
| Cash Flow Statement | ||
| Specialized Applications | Types of Companies | |
| Issuing stock and dividends | ||
| Payroll Best Practices | ||
| Forms of Business Ownership |