Accounting I Syllabus
Instructor’s name and contact information:
Mrs. Kerry Lockwood
Room 600
klockwood@mtpleasant.edzone.net
989 775-2200 ext. 20600
General Purpose of the course:
The course is designed to give students 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.
Students will become acquainted with the principles of double entry
bookkeeping including the preparation of financial statements for sole
proprietorship, partnership and corporate businesses.
The objective of this class is to prepare students for jobs requiring a basic
knowledge of business records and to introduce the fundamentals of
accounting for students who wish to go into advanced work in this field.
There is also a personal use objective that can be attained from this class.
This class is intended to be a hands-on learning experience. It requires the
student to read the text, listen to a limited amount of lecture, and a great
deal of “doing” accounting work in class. Most students will have little
homework if class time is spent productively. Students with gain the
technical and procedural skills required in accounting departments of today's
businesses. The student will not only be trained in basic accounting
principles but will also become proficient in automated systems and
advanced applications which require greater analysis and decision making.
Students will work through an accounting cycle for a proprietorship,
partnership, and merchandising businesses.
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Course Outcomes:
The students will be able to:
Trimester 1:
Marking Period 1:
Chapter 1:
 Define the accounting process
 Describe the role of accountants
 Explain accounting concepts and principles
 Discuss the concept of the accounting equation
 Use the accounting equation to analyze basic transactions in
terms of increases and decreases
 Reporting financial information on a balance sheet
Chapter 2:
 Determine how transactions change owner’s equity in an
accounting equation
 Reporting a changed accounting equation on a balance sheet
Chapter 3:
 Analyze transactions using T-accounts and using debits and
credits
 Use debits and credits to record increase and decreases in
accounts
Chapter 4:
 Record journal entries in a 5-column journal
 Define accounting terms related to journalizing transactions
 Prove and rule a five-column journal and prove cash
Marking Period 2:
Chapter 5:
 Prepare a chart of accounts and opening accounts
 Post separate amounts from a journal to a general ledger
 Post column totals from a journal to a general ledger
 Make correcting entries
Chapter 6:
 Reconcile a bank statement and record bank service charges,
dishonored checks, and petty cash transactions
Reinforcement 1A
Trimester 2:
Marking Period 3:
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Chapter 7:
 Describe and prepare the work sheet
 Plan and adjust entries on a work sheet
 Extend financial statement information on a work sheet
 Find and correct errors on a work sheet
Chapter 8:
 Describe the content and purpose of the three basic financial
statements and how they are related
 Prepare financial statements directly from the work sheet with a
net income and a net loss
Team Project Two (Financial Statements)
Rico Sanchez, Disc Jockey Simulation
Marking Period 4:
Chapter 9:
 Journalize and post adjusting entries
 Journalize and post closing entries and prepare a post-closing
trial balance
Reinforcement 1B
Chapter 10:
 Describe the nature of merchandising business
 Describe and be able to journalize purchases of merchandise for
cash
 Describe and be able to journalize purchases of merchandise on
account and buying of supplies
 Describe and be able to journalize cash payments and other
transactions
Chapter 11:
 Journalizing sales (compute sales tax) and cash receipts
 Describe the concept of subsidiary ledgers
 Journalize and post using accounts payable subsidiary ledgers
 Journalize and post using accounts receivable subsidiary ledgers
Trimester 3:
Marking Period 5:
Chapter 12:
 Prepare payroll records
 Preparing payroll time cards
 Calculating employee total earnings
 Determining payroll tax withholding
 Preparing payroll checks
Chapter 13:
 Record, and journalize the payroll for a merchandising business
 Record employer payroll taxes
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Chapter 14:
 Reporting, and paying withholding and payroll taxes
 Prepare a worksheet for a merchandising business
 Analyzing and adjusting the Merchandise Inventory account
 Analyzing and adjusting the Supplies account
 Analyzing and adjusting the Prepaid Insurance account
Chapter 15:
 Prepare a multiple-step income statement for a merchandising
business
 Analyzing component percentages of income statements showing
net income and net loss
 Prepare a distribution of net income and owner’s equity
statements
 Prepare a classified balance sheet
Marking Period 6:
Chapter 16:
 Prepare adjusting and closing entries for a merchandising
business
 Prepare a post-closing trial balance for a merchandising business
Unique Global Imports
Update résumé
Affective Objectives:
The students will:
 Develop business-like attitudes and work habits
 Demonstrate the ability to follow oral and written directions
 Be responsible for regular attendance and punctuality
 Be responsible for personal supplies needed in class and careful
use of school materials
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Evaluation/Assessments and Grading Procedures:
BMMT GRADING SYSTEM
Each marking period’s grade is based on the following:
1. Tasks/Assignments
2. Practice Tests
3. Assessments
Materials Supplied:
Once you lose these you pay for them
1. Textbook
2. Online working papers code
3. Practice Sets
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25%
35%
40%
Textbook:
Software:
Software:
Software:
South-Western Century 21 Accounting. Multicolumn Journal--10th Editon
Automated Accounting 8.1
Intuit QuickBooks 2012
Aplia.com Online Working Papers
LEADERSHIP OPPORTUNITIES:
Students have the opportunity to participate in the Regional Business Professionals of America
Competition. Students also have the opportunity to become the Chief Financial Officer of Miles for
Miracles
EXPLORE FUTURE CAREER OPPORTUNITIES
Career Cruising-offers many tools to help you plan your future. You can explore careers, get information
on colleges and technical training, write a resume, take a self-assessment, work on your EDP, etc.www.careercruising.com.
O*Net OnLine – is a great tool for career exploration and job analysis! It has detailed descriptions of
careers including salary ranges and projected job growth. - www.onetonline.org
Michigan Works - The Michigan Works! system is open to everyone for information gathering, local and
state labor market information, and self-serve career information. The system helps employers find the
skilled workers they need, and helps job seekers find good jobs that provide economic self-sufficiency. www.camwc.org
Mt. Pleasant Area Technical Center – Link to Accounting career information page
http://www.mpatc.com/programs/accounting_description.asp
Mock Interview-Students have the opportunity to attend the Mock Interview day at Central Michigan
University. They will interview and be critiqued by a person in the field. They will have their resume and
cover letter critiqued as well. There are break-out sessions available for the students related to career
development.
EARN COLLEGE CREDIT
Completion of the Accounting/Finance program prepares students for entry level jobs and possible
college credit. Students may apply for articulation credit with the following colleges and universities. The
maximum number of articulated college credits available as of 2011-2012 is listed.
Baker College – Up to 4 credits – www.baker.edu
Davenport University – Up to 6 credits - www.davenport.edu
Delta College – Up to 4 credits - www.delta.edu
Ferris State University – Up to 3 credits – www.ferris.edu
Mid Michigan Community College – Up to 4 credits – www.midmich.edu
Montcalm Community College – Up to 7 credits – www.montcalm.edu
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