ACCOUNTING II
SYLLABUS
INSTRUCTOR: Christina Smith
TELEPHONE:
352-221-5034
Accounting is…the planning, recording, analyzing, and interpreting of financial
information for a business.
COURSE DESCRIPTION
The Beginning Accounting II program is a necessary follow-up to Beginning Accounting
I. This course allows you to go beyond the level of using accounting on a personal level.
In Beginning Accounting II you will work on procedures for a partnership and continue
into the beginning work for a corporation. The class will help you to have a proficiency
level of accounting that could be applied in the business world. This course covers the
basic accounting cycle for service and merchandising businesses. Topics include the
analysis of business transactions, recording transactions in a variety of journals, and the
preparation of financial reports. Students begin this second semester course with the basic
accounting cycle and proceed to more complex activities.
COURSE OBJECTIVE
Emphasis in this course will be on learning and using bookkeeping basics. Areas of
emphasis will include internal control, voucher system, accounts, and financial
information.
The following list of course goals will be addressed in the course. These goals are
directly related to the performance objectives.
GOALS FOR FIRST SEMESTER
1.
2.
3.
4.
5.
6.
7.
8.
display effective work habits
name accounting process functions
compare three business entity types
identify financial information users
define generally accepted accounting principles
identify accounting major areas
record business transaction financial effects
use accounting equation
GOALS FOR SECOND SEMESTER
9. Analyze business transactions
10. prepare income statement
11. prepare statement of owner’s equity
12. prepare balance sheet
13. analyze financial statements’ relationship
14. use T accounts
15. apply debit/credit entry rule
16. develop/set up simple chart of accounts
17. journalize transactions
18. post journal entries
19. correct journal/ledger errors
20. prepare trial balance
21. use ten-column worksheet
22. enter adjustments
23. complete worksheet
24. journalize/post adjusting entries
25. journalize/post closing entries
26. prepare post closing trial balance
27. journalize/post credit sales
28. set up accounts receivable subsidiary ledger
29. post to accounts receivable subsidiary ledger
30. journalize/post sales returns and allowances
31. compute trade discounts
32. journalize/post freight in/out
33. journalize/post purchases journal
34. set up accounts payable subsidiary ledger
35. post to accounts payable subsidiary ledger
36. journalize/post purchases returns and allowances
37. compute/record sales tax returns
38. prepare state sales tax returns
STUDENT OBJECTIVES
1. Students will develop a general understanding of the accounting world.
2. Students will develop skills needed to be successful in a business setting.
3. Students will become more comfortable with basic accounting skills and the
expectations for entry level positions.
4. Students will examine the ethical situations faced by accountants today.
5. Students will better understand the basic role of bookkeeping in business today.
TEXTBOOK
Century 21 Accounting-Advanced Course, Southwestern Publishing
Textbook and Working Papers Ch. 1-17
MATERIALS
*The following materials will be needed each day in class:
1. Pencil and Eraser
2. Accounting Text
3. Accounting Workbook
4. Calculator (does not need to be scientific—just for basic math)
5. Student workbook (provided by teacher)
COURSE STRUCTURE
Week 1 & 2
Week 3 & 4
Week 5
Week 6
Week 7 & 8
Week 9
Posting to General and Subsidiary Ledgers
Preparing Payroll Account
Work Sheet for a Merchandising Business
Financial Statements for a Partnership
Recording Adjusting and Closing Entries for a Partnership
Accounting Cycle for a Partnership: End-of-Fiscal-Period
Work
Week 10-18
Resource Management - Financial Systems
GRADING PROCEDURE
Grades will be computed each nine weeks as follows:
Graded Assignments:
25%
Daily Work
25%
Tests and Quizzes:
50%
Total
100%
Grading Scales is as follows:
A
90-100
B
80-89
C
70-79
D
60-69
F
59 and below
Assignments:
Following directions, neatness, correct work, creativity, and meeting due dates will
significantly contribute to your grade.
Make-up:
All make-up work must be turned in within three days following an absence. Work will
not be accepted after three days unless you clear it with me.
Attendance and Tardies:
Attendance in this class is essential to your learning and benefiting from it. Therefore,
attendance and tardy policies will be strict and strictly enforced! You must be seated and
working when the tardy bell rings. No missed work as a
result of a tardy will be permitted to be made up.
Citizenship:
Respect for your teacher, other students, and classroom
property is requested at ALL TIMES!!!
YOUR RESPONSIBLILITIES IN THE CLASSROOM
Be seated at your assigned seat before the bell rings with workbook. Not being in your
seat when the bell rings will result in a tardy for that day.
While in discussion, wait your turn to speak. Loud talking and obscene language will
NOT be tolerated.
Work together and contribute your own ideas. It is very important that you participate to
make this class work. Understand that you are responsible for each other’s learning as
well as your own.
If you have questions, raise your hand or you may come to my desk for help.
Absolutely no food or drinks, including gum in the computer lab.
Passes are always necessary to leave the classroom. Do not ask for a pass the first ten
minutes or last ten minutes of class. Do not interrupt lecture to ask for a restroom pass
unless it is an emergency.
No hats, cell phones, i-pods, cameras, etc. abide by school rules.
You are responsible for your desk and the area around it. Please keep your area clean at
all times. At the end of class--return your books and folders, and pick up any paper
around your work area.
Remain in your seat until the bell rings—no lining up at the door!!!
SMILES ARE
ALWAYS
WELCOME