Highlands High School
Financial Accounting
2011-2012 Course Syllabus
Instructor: Elise Banks
Phone: 859-815-2624
Email: elise.banks@fortthomas.kyschools.us
Description:
The accounting principles taught in this course include an in-depth study of accounting principles,
procedures and techniques used in keeping financial records for sole proprietorships, partnerships and
corporations. There is an emphasis on automated accounting. Topics include a more analytical
approach to accounting. Leadership development will be provided through FBLA.
Textbook/Workbook:
Century 21 Accounting Advanced. South-Western/Thompson Learning. 2008.
Century 21 Accounting Advanced Workbook. South-Western Thompson Learning 2008.
Course Objectives:
Each student will be able to:
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Compare various careers and certifications in accounting.
Identify the various agencies that influence accounting principles.
Prepare financial statements for proprietor, partnerships and corporations.
Demonstrate ability to post to journals and prepare worksheets and financial statements and
adjusting and closing entries.
Apply correct accounting methods for all financial records.
Explain the demonstrate inventory control methods, budgeting systems, and voucher coding.
Illustrate journal entries for: uncollectible accounts, plant assets, notes payable and notes
receivable
Use spreadsheets to present accounting information and calculations
Apply math and communication skills within technical content
Participate in work based learning projects
Materials: Notebook/Folder, Loose Leaf Paper, Pens/Pencils, Flash Drive and Highlighters
Grading:
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In-Class Assignments
Class Participation and Discussion
Independent or Group Projects
Writing Assignments
Quizzes and Test
Course Content:
First Semester:
Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6
Unit 7
Unit 8
Unit 9
Unit 10
Unit 11
Accounting Foundations
Analyzing Transactions for a Sole Proprietorship
General Journal Entries for a Sole Proprietorship
Calculating and Journalizing Payroll
Cash Reconciliation
Automated Accounting: Journalizing
Posting to a General Ledger
Worksheet and Adjusting Entries
Financial Reporting
Completing the Accounting Cycle
Accounting Cycle Simulation
Second Semester
Unit 12
Unit 13
Unit 14
Unit 15
Unit 16
Unit 17
Unit 18
Unit 19
Unit 20
Unit 21
Unit 22
March Down the Balance Sheet: Assets
March Down the Balance Sheet: Liabilities
March Down the Balance Sheet: Owner’s Equity
Journalizing Transactions for Corporations
Financial Statements for Corporations
Statement of Cash Flows
Cost Accounting
Audit Functions
Budgeting
Vouchers & Coding
Special Journals
Class Rules:
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Follow directions the 1st time they are given.
Be in your seat when the bell rings.
Raise your hand and wait for permission to speak.
Stay in your seats unless you are given permission.
No cursing or teasing.
Class Procedures:
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Students will perform bell work immediately after entering the classroom.
Students will remain at their desk (table) at the end of the bell until teacher dismisses the class.
Students will remain seated at their desk (table) during class unless given permission.
Students will raise their hands and wait for permission to speak during class.
Students should use the restroom before class. There will be no passes given during class time.
Absences:
All matters related to student absences, including making up work or quizzes/test, are to be arranged
between the student and the teacher before or after school. Students will be given two (2) school days to
turn in work. On the third school day after the absence, the missed assignment will no longer be accepted
and would result in a zero (0) for the student’s grade.
Computer Lab Rules:
As a student in the business department, you will complete assignments and research work online.
Students are to follow the guidelines set forth in the school policy concerning responsible and educational
use of internet sites. See below for a few, but not all, of the guidelines found in the school policy.
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Disrespect for school property will not be tolerated.
Students are not to change any settings on the computer other than those that result through
normal completion of class activities.
Screen savers and wallpaper will be uniform throughout each lab. Students are not to change
these settings.
Our lab and printers are in excellent condition. Students and parents will be financially
responsible for any deliberate damage or irresponsible accidental damage to equipment. In
addition to financial responsibility, students will be subject to disciplinary actions such as
detention, in-school suspension or Saturday detention.
No food/drinks are permitted on the tables by the computers.
Parent & Student Syllabus Sign Off
Student:
I have read the syllabus and understand the course curriculum, policies and guidelines necessary to be
successful in my Business course. I understand that the syllabus can be found anytime via Miss Banks’
webpage on the Fort Thomas Independent Schools website and the Edmodo website,
www.edmodo.com/banksbusiness.
Parent(s):
I understand that the syllabus can be found anytime via Miss Banks’ webpage on the Fort Thomas
Independent Schools website. I can stay informed of my student’s assignments, projects, upcoming
events and due dates by joining Miss Banks’ Edmodo site at www.edmodo.com/banksbusiness. The
group code for Financial Accounting Advanced is kh4ioa. Miss Banks will also post classroom grades
regularly on Infinite Campus.
Please do not hesitate to reach me at the below contact information.
Miss Elise Banks
859-815-2624
Elise.Banks@fortthomas.kyschools.us
Student Signature_______________________
Student Name___________________________
Parent Signature_____________________________