Accounting I

PLANS OF STUDY/SYLLABUS
Teacher: Mrs. Liebl

 

 

Instructor E-mail:       jacque.liebl@k12.sd.us

Instructor Website:     http://jl021.k12.sd.us

 

COURSE DESCRIPTION:

This first year accounting course will give the student a thorough background in the basic accounting procedures used to operate a business. The accounting procedures presented will also serve as a sound background for employment in office jobs and preparation for studying business courses in college. The complete accounting cycle is covered and is easily seen as to how each employee’s job fits into the cycle for a business.

 

Students enrolled in this elective course can earn one (1) credit for the year upon successful completion of the course. The class is geared toward the sophomore, junior, and senior grade level.

  

COURSE OBJECTIVES:

After completing this course, students should:

·        Know accounting as it relates to careers.

·        Know accounting terminology.

·        Understand accounting concepts, principles, and practices.

·        Apply accounting procedures as taught in the course.

 

OUTLINE/TABLE OF CONTENTS:

Textbook: Century 21/South-Western Accounting, Multicolumn Journal, 10th Edition (blue book), SouthWestern Publishing

Authors: Gilbertson, Lehman, Gentene

Website: http://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9780840064653

 

*the website has various applications that will help you for studying for quizzes and tests.

 

 

PART 1: Accounting for a Service Business Organized as a Proprietorship

Ch. 1    Starting a Proprietorship: Changes That Affect the Accounting Equation

Ch. 2    Analyzing Transactions into Debit and Credit Parts

Ch. 3    Journalizing Transactions

Ch. 4    Posting to a General Ledger

Ch. 5    Cash Control Systems

Reinforcement Activity 1, Part A

Ch. 6    Work Sheet and Adjusting Entries for a Service Business

Ch. 7    Financial Statements for a Proprietorship

Ch. 8    Recording Closing Entries and Preparing a Post-Closing Trial Balance for a Service Business

Reinforcement Activity 1, Part B

 

PART 2: Accounting for a Merchandising Business Organized as a Corporation

Ch. 9    Accounting for  Purchases and Cash Payments

Ch. 10  Accounting forSales and Cash Receipts

Ch. 11  Accounting for Transactions Using a General Journal

Ch. 12  Preparing Payroll Records

Ch. 13  Accounting for Payroll and Payroll Taxes

Reinforcement Activity 2, Part A

Ch. 14  Accounting for Uncollectible Accounts Receivable

Ch. 15  Preparing Adjusting Entries and a Trial Balance

Ch. 16  Financial Statements and Closing Entries for a Corporation
Ch. 17 Financial Statement Analysis

Reinforcement Activity 2, Part B

 

*We will also work with Excel worksheets for workbook problems.

  

MATERIAL COVERED/TIME FRAME:

1st Semester:

Chapter 1-8

Reinforcement Activity workbook problems

 

2nd Semester:

Chapters 9-17

Reinforcement Activity workbook problems

METHOD OF INSTRUCTION:

**Students need to read the material in the textbook!

Lecture/Discussion/PowerPoint presentations/Note taking using Promethean board

Students will use their computer for typing notes as they wish. Word and PPT programs will be used for discussion.

Internet will be used to discuss and look up various business web sites. (Accounting in the Real World)

Class discussion/participation

Workbook activities

Computer/Automated Accounting software

 

STUDENT ASSESSMENT:

Daily work: Various workbook problems from the chapters--Workbook drills—drills for understanding (work together and on own), application, mastery, challenge, End of chapter lessons-vocabulary and audit questions, business structures, making ethical decisions, and exploring Accounting. Study Guides from workbook

Quizzes/Projects, and Chapter tests at end of each chapter--objective and problem

 

LATE WORK:

The teacher will inform students when assignment/homework is to be completed. All work will be due the next day unless teacher decides otherwise. All work is due at the beginning of class.

 

Consequences for late work:

Late work 1st day

-5 points deducted from assignment

Late work 2nd day

-10 points deducted from assignment

Late work 3rd day

-15 points deducted from assignment

Late work after 3rd day

NO CREDIT

 

Example: Chapter 1 worksheet assignment is due on Tuesday. You come to class and do not have your assignment completed at the beginning of class on Tuesday (-5 points deducted), you come to class on Wednesday and still no assignment completed (-10 points deducted), you come to class on Thursday and assignment still not handed in (-15 points deducted), and on Friday if you completed the assignment you still won’t get credit and if you still haven’t done the assignment, no (ZERO) points awarded and your grade will show a late and a missing grade. Please complete work on time or suffer the consequences.

 

My best advice would be to get work done on time. Take responsibility for your grades!

Late work and missing work grades will show on the campus grade book.

 

CHEATING:

If a student is caught cheating, a zero will be given on the assignment. A cheating notation will be shown in the grade book. A discipline report will be filled out and given to the the student and principal. If a student gives work to another student, both students are cheating. My best advice is to DO YOUR OWN WORK!!

 

GRADING:

Students will do daily work for each chapter that may include notes, class discussions, listening to lectures, terms, questions, case studies, and workbook problems. Quizzes may also be given, announced or unannounced at any time under the direction of the teacher. Students will take an objective and problem test over each chapter. Students may also be assigned reinforcement problems and other projects as assigned.

 

Tests=40% of final grade

Quizzes/Projects=40% of final grade

Daily work=20% of final grade

Semester test counts 10% of final grade.

 

· Reminder about the weighted grading, if you don’t do so well on one area (test or quiz or daily work), that will show up on your overall grade. For example, you may do well on tests and daily work and you fail 3 out of 10 quizzes, your grade will reflect that. Don’t assume what your grade is, look it up on DDN Campus.

· Example of how grades are figured using weighted grades:

· Test grades (your pts./total pts): 10/15, 20/30, 40/50=70/95=74%=D

· Quiz grades (your pts./total pts): 0/10, 2/10, 8/10=10/30=33%=F

· Daily work (your pts./total pts): 8/10, 30/40, 23/25=61/75=81%=C

· The below figures shows how to find your overall grade.

· Test totals 74% X 40%=.30

· Quiz totals 33% X 40%=.13

· Daily totals 81% X 20%=.16

· Total up these points=.59 or 59%=F=Overall Grade

Grading Scale:

Letter Grade              Percentage

A                                 100-93

B                                  92-86

C                                 85-78

D                                 77-70

F                                  69& below

 

STUDENT SUPPLIES NEEDED:

Bring your computer each day to class. We will use the computer for notes. Pens (preferably black and fine point), pencil, ruler, and calculator. Students will also receive a workbook for application problems. Bring these to class every day!

 

TEACHER EXPECTATIONS OF STUDENT:

   Have a good attitude.

   Have a willingness to learn.

   Work hard.

   Do assigned homework.

   Try your best and always give 110%.

 

CLASS RULES:

   Be polite

   Be prompt

   Be prepared

   Be productive.

 

HAVE A GREAT YEAR AT MENNO HIGH SCHOOL!