Accounting I
Course
Length: 1 year
Grade
Level: 11
Prerequisite: None
Course
Description: Accounting is the recording,
classifying and summarizing of financial information created by daily
transactions and the analysis and interpretation of such information. This
course introduces the student to the fundamental accounting principles. It
enables the student to learn how to accumulate accounting data, prepare
financial statements, and become effective decision-makers based on the data.
Textbook: Century
21 Accounting; Gilbertson, Lehman and Ross; Thomson South-Western, Copyright
2006.
Eddie Ortega, Disc Jockey - Accounting
Simulation
Method of Teaching:
Teaching method is a combination of short lectures, demonstration problems
and live production work. Computerized
accounting is incorporated into the curriculum.
Grading Method:
Students will be graded on the knowledge and application of accounting
skills. This will be obtained by live
production work and written and application assessment. The district grading scale determines grades
for this class.
|
100 - 90 |
A |
|
89 – 80 |
B |
|
79 – 70 |
C |
|
69 – 60 |
D |
|
59 and below |
F |
I. The Accounting Equations
A. Transactions that change the equation
B. Changes in Owner’s Equity
II. Accounting Cycle
A. Using T accounts
B. Analyzing Transactions
C. Journalizing Transactions
D. Proving and Ruling a Journal
E. Posting Journal Entries
F. Posting Column Totals
III.
Cash
Control System
A. Checking Accounts
B. Bank Reconciliation
C. Petty Cash
IV.
Worksheets
A. Creating a Worksheet
B. Adjusting Entries
C. Extending Financial Statement
Information
D. Finding and Correcting Errors
V.
Prepare
Financial Statements
A. Income Statements
B. Balance Sheet
C. Record Adjusting and Closing Entries
D. Prepare a Post-Closing Trial Balance
Manual
Accounting Simulation; Eddie Ortega, Disc Jockey
VI. Accounting Cycle For a Merchandising
Business
A. Journalizing Using Special Journals
1. Purchasing
2. Cash Payments
3. Sales
4. Cash Receipts
B. Posting to General and Subsidiary
Ledgers
C. Preparing Payroll Records
D. Payroll Account, Taxes and Reports
E. Distributing Dividends
F. Prepare Worksheet
G. Prepare Financial Statements
H. Journalize and Post Adjusting and
Closing Entries