VANIER COLLEGIATE ACCOUNTING 20/30 2014 - 2015 Teacher: Email: Period: Room: Ms. Lapointe Christa.lapointe@htcsd.ca 1 and 3 130 Introduction The aim of accounting is to provide the opportunity for students to develop a basic understanding of the accounting cycle and to develop the problem-solving and decision-making skills used to interpret accounting and financial information. 20 - Students will be learning and applying skills in the accounting cycle relating to a merchandising firm. 30 – Students will learn about introductory management accounting and financial statement analysis. Required Materials Textbook, Worksheets ($20), binder, paper, pencil and calculator Classroom Policies The current accounting 20 class is very small. Therefore, there will be a lot of independent work and team teaching among students. You will need to be on task, motivated and ready to ask questions when needed. You are more than welcome to work ahead. There will also be times when you will be working with the accounting 10 class. Students must be on time and be prepared for class EVERY DAY. If for some reason you are not able to attend class, let the teacher know in advance or as soon as possible. Please remember that it is YOUR responsibility to find out what material was covered on missing days and to make sure that all necessary work is completed. HOMEWORK PARTNER (I will explain more in class). If a student is unable to attend class on a day of an exam – they are responsible for reschedule the test for the following day (no exceptions!). Work is expected to be handed in on time! Assignments, projects, and labs will be assigned with specific dates in advance – if for some reason you cannot hand in the assignment on the required date talk to the teacher as soon as possible about rescheduling (not one or two days before the deadline). You must be respectful of yourself and others around you – risk free environment. Accounting 20 - Assessment & Evaluation Assignments, Projects, and Quizzes Chapter Questions Problems, mini cases, vocabulary Other 25% Unit Exams Theory and Practical for each exam 60% Final 15% Comprehensive Exam and Final Project Accounting 20 Semester Overview (Subject to change) – Partnership Accounting for a Merchandising Business REVIEW UNIT PART II: ACCOUNTING FOR A MERCHANDISING BUSINESS ORGANIZED AS A CORPORATION 9. Accounting for Purchases and Cash Payments. 10. Accounting for Sales and Cash Receipts. 11. Transactions Journalized on a General Journal. 12. Preparing Payroll Records. 13. Accounting for Payroll and Payroll Taxes. RA2 Part A: An Accounting Cycle for a Corporation: Journalizing and Posting Transactions. 14. Accounting for Uncollectible Accounts Receivable. 15. Preparing Adjusting Entries and a Trial Balance. 16. Financial Statements and Closing Entries for a Corporation. 17. Financial Statement Analysis. RA 2 Part B: An Accounting Cycle for a Corporation: End-of-Fiscal-Period Work. Simulation Marketing Page for Authentic Threads. OTHER Spreadsheets, Simply Accounting, Monopoly Project, Business Unit, Business and Beyond, University of Regina - What is business? Other Topics: Taxes and Reports, GST and PST, The City (themoneybelt.ca) or Stock Market Assignment, Case Studies, Witness Fitness Project, Small Business Unit Important Websites to get acquainted with: Discovery Education http://www.discoveryeducation.ca/Canada PowerSchool For students and parents Quia TBA Accounting 30 - Assessment & Evaluation Assignments, Projects, and Quizzes Chapter Questions Problems, mini cases, vocabulary Other 25% Unit Exams Theory and Practical for each exam 60% Final 15% Comprehensive Exam and Final Project Accounting 30 Semester Overview (subject to change) – Introductory Management Accounting and Financial Statement Analysis REVIEW 10/20 PAYROLL 12 and 13 PART III: ACCOUNTING FOR A MERCHANDISING BUSINESS ORGANIZED AS A CORPORATION--ADJUSTMENTS AND VALUATION. 18. Acquiring Capital for Growth and Development. 19. Accounting for Plant Assets, Depreciation, and Intangible Assets. 20. Accounting for Inventory. RA3 Part A: An Accounting Cycle for a Corporation: Journalizing and Posting Transactions. 21. Accounting for Accruals, Deferrals, and Reversing Entries. 22. End-of-Fiscal-Period Work for a Corporation. RA3 Part B: An Accounting Cycle for a Corporation: End-of-Fiscal-Period Work. Simulation Marketing Page for Digital Diversions. OTHER Spreadsheets, Simply Accounting, Monopoly Project, Business Unit, Business and Beyond, University of Regina - What is business? Other Topics: Taxes and Reports, GST and PST, The City (themoneybelt.ca) or Stock Market Assignment, Case Studies, Witness Fitness Project, Small Business Unit Important Websites to get acquainted with: Discovery Education http://www.discoveryeducation.ca/Canada PowerSchool For students and parents Quia TBA