How can understanding the Accounting Cycle benefit you for the rest of your life?
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Introduction to Accounting - Semester Course - (Chapters 3 - 12)
Course Description:
Introduction
Glencoe Accounting, First-Year Course is a comprehensive, two-semester, one-year course designed to bring the real world of accounting into the classroom. Students will have the opportunity to use real-world source documents and real-world financial statements.
Course Objectives
The prime objective of this course is to introduce students to the double-entry system of accounting for sole proprietorship and corporate forms of business enterprises by
using real-world applications and connections.Other important objectives include the following:
• To help students develop personal and professional skills for school and work.
• To help students understand the relationship between the manual system of accounting and a computerized system.
• To help students find success in accounting.
Course Requirements:
The curriculum materials to be used in this course include the following:
• Glencoe Accounting, First-Year Course textbook
• Glencoe Accounting, First-Year Course Chapter Reviews, and Working Papers
• Ruler (6” inch preferably, it will fit in your textbook)
• Two-Three pencils, two pens.
• Calculator (with business mathematics capabilities)
Students will be expected to do daily assignments, complete homework, and participate in class discussions. Classroom activities will include group discussions, problem-solving, and individualized instruction. Students are encouraged to work independently and assist others when appropriate.
Grading Scale:
Tests.........................................................................................................................40%
Classwork/Homework...............................................................................................30%Projects/Simulations................................................................................................20%
Teacher Evaluation.....................................................................................................10%Tests: Students retention of course content is assessed periodically, usually weekly. A Mid-Term and Final Exam will be administered. Students will be tested at the end of each chapter and unit. Chapter tests consist of problems and matching vocabulary, true/false, and multiple-choice questions. The time required to complete a chapter test is usually 30–40 minutes. Unit tests are designed like chapter tests and are administered after completing four to five chapters. Unit tests usually require about 40–50 minutes to complete.
If a student misses a test, it is the student’s responsibility to make arrangements with the instructor to make up the test within three-school days from the date of absence. A fair and reasonable amount of time will be made to accommodate students with lengthy absences.
Homework: Homework will be assigned, collected and graded. All late work will be given one grade less for each day late up to 2 days. After 2 days the grade will be ‘0’. If a student is absent or ill, they will have one week from the date of absence to make up all work.
Quizzes: Student’s retention of course content will be assessed periodically and a grade will be given. If a student plans to be absent, they should contact the teacher and arrange for the quiz to be taken before the date of absence.
Teacher Evaluation: This subjective grade will include daily attendance, student behavior, classroom preparation, homework, daily work effort, and a notebook that should be updated daily and class participation. (Preparation includes a student’s ability to bring required materials to class on a daily basis.)
Assignments: Tentative Schedule:
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Accounting Career and Degree Resouces
Accounting I-Accounting On-line resource -
College Choices & Financial Aid Resources for Accounting & Business
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What should I know if I wanted to be a CPA? >more
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What is the future for the Accounting profession? Where are the jobs? >more
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Publication 15A-2009 Payroll FIT Withholding Gross Wages
- Federal Income Tax Withholding Table (Link)
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N.Y. State Income Tax Withholding Tables (Link)
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U.S. State (s) Income Tax Withholding Tables (Link) Use on your Budget Project.
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Financial Analysis: Financial Data interpretation from Financial Statements.
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Accounting Forms (General Journal, Special Journals, General Ledger, Subsidiary Ledgers, Payroll, etc.)
- Accounting.com -- Career and educational degree-related information.
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Chapter Terminology Review on Quizlet
Unit / Chapter #
Topics
Approximate # of
Class Sessions
/Due DateBlank forms: General Journal and General Ledger
Unit 1 Introduction to Accounting Chapter 1 You and the World of Accounting 6
Chapter 2 The World of Business and Accounting
Chapter # 2 - Working papersUnit 2 The Basic Accounting Cycle Chapter 3 Business Transactions and the
Accounting Equation
Chapter # 3 - Working Papers4
QuizChapter 4 Transactions that Affect Assets,
Liabilities, and Owner’s Equity
Chapter # 4 - Working Papers5 Chapter 5 Transactions that Affect Assets,
Liabilities, and Owner’s Equity
**Accounting cheat sheet to debit and credits5 Chapter 6 Recording Transactions in a General Journal
5 Chapter 7 Posting Journal Entries to General Ledger Accounts
Textbook Problems3 Mini Practice Set 1 Canyon. COM Web Sites (Student Handout) 6 Chapter 8 The Six-Column Work Sheet
Textbook Problems6 Chapter 9 Financial Statements for a Sole Proprietorship
Textbook Problems6 Chapter 10 Completing the Accounting Cycle for a Sole Proprietorship
Textbook Problems6 Chapter 11 Cash Control and Banking Activities 6 Mini Practice Set 2 Fast Track Tutoring Service 3 Business Simulation Adventure Travels 6 Unit 3 Accounting for a Payroll System Chapter 12 Payroll Accounting- Working Papers 6 Chapter 13 Payroll Liabilities and Tax Records (Payroll Process-Steps 1-10) 6 Mini Practice Set 3 Green Thumb Plant Service (Link) 3 Midterm Examination 1 Unit 4 The Accounting Cycle for a
Merchandising CorporationChapter 14 Accounting for Sales and Cash Receipts 6 Chapter 15 Accounting for Purchases and Cash Payments 6 Chapter 16 Special Journals: Sales and Cash Receipts 6 Chapter 17 Special Journals: Purchases and Cash Payments Problem 17-8 Scan 6 Chapter 18 Adjustments and the Ten-Column Work Sheet Student Workbook 5 Chapter 19 Financial Statements for a Corporation 6 Mini Practice Set 4 In-Touch Electronics 3 Chapter 20 Completing the Accounting Cycle for a Merchandising Corporation 4 Final Examination Content includes: All Special Journals, Schedule of A/P, Worksheet, Adjustments, Income Statement & Statement of Retained Earnings. 2 -