Introduction to Business

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Accounting I

Course Syllabus

Accounting I a class where students will learn the basics of accounting. There are a total of 29 chapters that we will cover, each with a quiz, and a cumulative final exam. Most of the work is done on your own after teacher demonstration. Accounting is a very good skill to have

REGARDLESS of your career goals. We will also be making heavy use of excel to perform the worksheet exercises. Please expect to interact and participate in class – it is part of your grade and makes the class more interesting as well as offering multiple views and solutions to what is being discussed.

By the end of the semester, you will possess a basic understanding:

 of the accounting equation

 of the three main financial reports and how they are used

 of how transactions affect each of the financial statements

 of the month end accounting process for a small business, a partnership and a corporation

Chapters that will be covered:

Chapters 1 & 2:

What is accounting?

Why is it needed?

Financial

Statements

Chapter 29:

Ethics in Accounting

Chapter 3:

Business

Transactions and the Accounting

Equation

Chapter 4:

Double Entry accounting & Debits and Credits

Chapter 5, 6 & 7:

Affect of transactions and posting entries

Chapter 8:

The 6-Column Work

Sheet

Chapter 9:

Financial

Statements for a small busines

Chapter 10:

Closing Entries

Chapter 11:

Cash Control &

Banking

Chapter 12:

Payroll

Chapter 13:

Payroll liabilities and tax records

Chapter 14:

Sales and Cash receipts for

Merchandising

Chapter 15:

Purchases & cash payments

Chapter 16 & 17:

Special journals for sales and purchases

Accruals

Chapter 18:

10-column worksheet

Chapter 19:

Corporate Financial

Statements

Grading:

Classwork (Notes/worksheet/participation) ...................... 80%

Assessments (Tests/Quizzes & projects) ......................... 20%

Chapter 20:

Accounting Cycle

Chapter 21:

Accounting for a publicly held corporation

Chapter 22:

Cash Funds

Chapter 23:

PP&E, and

Depreciation

Chapter 24:

Uncollectable

Accounts

Chapter 25:

Inventories

Chapter 26:

Notes Payable

Notes Receivable

Chapter 27:

Partnerships

Chapter 28:

Partnership

Financial statements

Terms and Conditions of having the pleasure of being in my class:

Pen, .07mm clicker pencil and highlighter

Notebooks for notes

Folders or binders for organization

Open minded attitude and a willingness to learn

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Text and Workbook

Glencoe Accounting – ISBN 978-0-07-893567-0

Workbook – ISBN 978-0-07-895872-4. Please buy a new workbook, as we have noticed that used workbooks have missing pages and/or completed pages

Chapter Check List and Turning in Work

Students will be responsible for making sure that their work is completed and turned in by the due date. Late assignments will be accepted, but are due no later than the next business day

AND at a reduced point value. If you know that you will be absent I encourage you to let me know ahead of time and we will make arrangements as this is a skill that needs to be developed and mastered.

Computer use

Students are expected to use the computer properly, which includes but not limited to:

1. Log in using their own user id and password.

2. Saving their work on their network drive space.

3. No using the internet unless directed to do so as part of the assignment.

4. No playing games or playing music.

5. Adjustments should not be made of any kind to the desktop or monitors.

6. Files must include your name and a description.

Attendance and Tardies

You are expected to be on time and ready to learn on a daily basis. Your attendance and promptness is important, it is a habit that needs to be developed and followed. I am preparing your for your next step, whether it be college or a job, and I want you to be a successful adult.

Class Disruptions & Dress Code Violations

Class disruptions, which include talking, use of cell phones and/or music – use of personal music devices may be used only during independent work times. I will nicely remind you to put your phone away ONE time, the next time I will take it, and you may get it back at the end of class for a “donation” to the cluster-bomb fund. Dress code violations (which includes the lack of shaving) will also be charged a “donation” to the cluster-bomb fund AND be sent to the office to become compliant.

Tutoring and My Plan Time

I will be available during Encore on a daily basis and I will make myself available after school on an as needed basis. It is your responsibility to WANT to learn at the time when the lesson is given, it is not my responsibility to give the lesson at a time that is convenient for you.

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