Accounting

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** Course Syllabus – Accounting I CTE ** ** Assignment Code 02154 **

** Course Description **

** Aim: ** Introduces concepts and principles based on a double entry system of maintaining electronic and manual financial records for a sole proprietorship, partnership and corporation. It includes analyzing business transactions, journalizing, posting, and preparing worksheets and financial statements.

** Grade Level: ** 9th - 12th Grade **Length:** Semester Course ** Prerequisites: ** None 50 min. period

** *Please note: ** Due to scheduling conflicts, this course syllabus is based on a year-long course, but is only offered one semester at a time. The students can choose to complete the course by completing the 2nd semester. (Labeled as Accounting A and B on transcripts) ** Topics Covered: ** • Accounting Careers • Accounting Cycle • Accounting Equation • Journalizing & Posting • Financial Statements • Cash Management • Tax Forms • Payroll

** Instructional Philosophy and Delivery Plan **

** Expectation ** : Students will be expected to meet all the course goals by demonstrating their understanding of the basic concepts of each topic area. In order to pass the course students will need a minimum of 70%.

** Delivery Method: ** Instruction will consist of individual hands on activities and projects, group work, lecture, discussion, reading, writing, self-assessment, computer simulations, and the creation of projects using of technology.

** Community Involvement: ** Guest speakers from various businesses will be brought in throughout the course to explain how they use accounting to make their business successful. Students will also have to use community resources and information to complete individual and group projects.

** Assessment: ** Students will be graded on the following items: presentations, written reports, tests, daily work, group work, and individual projects. ** Course Standards **


 * A1.1.1 Describe career opportunities in the accounting profession. ||
 * A1.2.1 Compare and contrast various types of business ownership and accounting principles that apply. ||||||||||  ||
 * A1.2.2 Prepare and comprehend proper cash management techniques. ||||||||||  ||
 * A1.3.1 Examine, analyze and categorize financial transactions. ||||||||||  ||
 * A1.3.2 Apply the accounting equation as a guide to journalize basic transactions into a journal. ||||||  ||
 * A1.3.3 Post information from journals of all types into general and subsidiary ledger accounts. ||||||||  ||
 * A1.3.4 Complete payroll using appropriate accounting practices. ||||  ||
 * A1.4.1 Complete and examine an accounting worksheet. ||||||||||||  ||
 * A1.4.2 Prepare and interpret formal end of fiscal year financial statements. ||  ||

** Major Course Projects ** ** Assessment Plan & Grading Scale **
 * Complete Reinforcement Projects A and B
 * Complete the manual simulation “Eddie Ortega, Disc Jockey
 * Complete Modules 1-3 in the Peachtree Accounting program.

** D- ** ||  ** 75-76% **   ** 73-74% **   ** 72-70% **  || Work shows minimal effort and some assignments are late or missing. Demonstrates a basic understanding of recalling or comprehending knowledge ||
 * ** Grade ** ||  ** Scale **  ||  ** Description of Work **  ||
 * ** A+ **  ** A **   ** A- **  ||  ** 98-100% **   ** 96-97% **   ** 94-95% **  || Consistently demonstrates an exceptional level of quality and effort. Having all work in on time and completed to exceed expectations. Mastery in evaluating, synthesizing, and applying the knowledge. ||
 * ** B+ **  ** B **   ** B- **  ||  ** 92-93% **   ** 89-91% **   ** 87-88% **  || Consistently demonstrates proficient knowledge with a good effort and quality of work. All assignments are complete and on time. Demonstrates the ability to evaluate, analyze, synthesize and apply the principles. ||
 * ** C+ **  ** C **   ** C- **  ||  ** 84-86% **   ** 80-83% **   ** 77-79% **  || Demonstrates proficient knowledge and the ability to apply knowledge. Work shows average effort. A few assignments may be missed or late. ||
 * ** D+ ** ** D **
 * ** F ** ||  ** Below 70% **  || Understanding is below basic. Work is of poor quality and does not meet standards or expectations. ||

Chapter 5--Cash Control Systems
After studying Chapter 5, you will be able to: 1. Define accounting terms related to using a checking account and a petty cash fund. 2. Identify accounting concepts and practices related to using a checking account. 3. Prepare business papers related to using a checking account. 4. Reconcile a bank statement. 5. Journalize dishonored checks and electronic banking transactions. 6. Establish and replenish a petty cash fund.

Chapter 4--Posting to a General Ledger
After studying Chapter 4, you will be able to: 1. Define accounting terms related to posting from a journal to a general ledger. 2. Identify accounting concepts and practices related to posting from a journal to a general ledger. 3. Prepare a chart of accounts for a service business organized as a proprietorship. 4. Post separate amounts from a journal to a general ledger. 5. Post column totals from a journal to a general ledger. 6. Analyze and journalize correcting entries.



Chapter 3--Journalizing Transactions
After studying Chapter 3, you will be able to:

1. Define accounting terms related to journalizing transactions. 2. Identify accounting concepts and practices related to journalizing transactions. 3. Record transactions to set up a business in a five-column journal. 4. Record transactions to buy insurance for cash and supplies on account in a fivecolumn journal. 5. Record transactions that affect owner’s equity and receiving cash on account in a five-column journal. 6. Prove and rule a five-column journal and prove cash.

Chapter 2--Analyzing Transactions into Debit and Credit Parts
After studying Chapter 2, you will be able to:

1. Define accounting terms related to analyzing transactions into debit and credit parts. 2. Identify accounting practices related to analyzing transactions into debit and credit parts. 3. Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction. 4. Analyze how transactions to set up a business affect accounts. 5. Analyze how transactions affect owner's equity accounts.



Chapter 1--Starting a Proprietorship: Changes that Affect the Accounting Equation
After studying Chapter 1, you will be able to: 1. Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. 2. Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. 3. Classify accounts as assets, liabilities, or owner’s equity and demonstrate their relationships in the accounting equation. 4. Analyze how transactions affect accounts in an accounting equation.