ACCOUNTING I

SABETHA HIGH SCHOOL

COURSE LENGTH: 45 class meetings each semester…83 minutes in length…(62 class hours a semester, 125 class hours a year)

GRADE LEVEL: 10-12

PREREQUISTE: none

TEXTBOOKS, PRACTICE SETS/OTHER PUBLISHED MATERIAL:

Textbook: Glencoe Accounting BookPractice Sets: Outerbanks Marketplace

McGraw Hill 2000 Digitall Express

HARDWARE AND SOFTWARE:

Hardware Configuration (See Table)

Software Configuration (See Table)

Peripheral Device and Other Technology (See Table)

COURSE DESCRIPTION: Prepares one to understand the concepts needed by a person to make good business decisions and keep up-to-date financial records. You will learn how to plan, keep, analyze, and interpret financial records.

METHOD OF TEACHING: Chapter Discussion will be presented by chalkboard, transparencies, and PowerPoint presentations. Reinforcement of these applications will be done manually in the workbook and on the computer using peach tree and spreadsheet.

GRADING METHOD: Grades will be determined by students performance on assignments, packets, computerized problems, and chapter test. Students will also be required to complete 3-ring notebook of all their work. The USD #441 school grading policy will be used to determine letter grades.

Sabetha Grading Scale…School Policy

97-100 = A+

93-96 = A

90-92 = A-

87-89 = B+

83-86 = B

80-82 = B-

77-79 = C+

73-76 = C

70-72 = C-

67-69 = D+

63-66 = D

60-62 = D-

59 & below = F

OUTLINE:

  1. Intro. To Accounting
  2. You and the world of Accounting…Careers
  3. World of Business and Accounting
  4. Posting transactions
  5. Work sheets
  6. Financial Statements
  7. Income statement
  8. Balance sheet
  9. Adjusting and closing entries
  10. Post adjusting and closing entries
  11. Post-closing trial balance
  12. Cash control and banking activities
  13. Banking procedures
  14. Reconciling bank account
  15. The Basic Accounting Cycle
  16. Business Transactions
  17. Accounting Evaluation
  18. Accounting for a Payroll System
  19. Preparing payroll schedules
  20. Employees deductions
  21. Employees responsibilities
  22. Journalizing transactions
  23. Making payments
  24. Tax Records/Reports
  25. Forms 940 and 941
  26. Form W-3
  27. Accounting cycle for a merchandising Corp.
  28. Analyzing Sales and Cash Receipts
  29. Journalizing purchases and Cash Payments
  30. Special Journals
  31. Posting from Special Journals
  32. Worksheets for a Corporation
  33. Financial Statements for a Corporation
  34. Journalizing and Posting Closing Entries
  35. Publicly Help Corporation
  36. Distributing Earnings
  37. Financial Reports
  38. Special Procedures
  39. Petty Cash Fund
  40. Plant Assets and Depreciation
  41. Calculation of Depreciation
  42. Uncollectible AIR
  43. Direct write-off
  44. Allowance method
  45. Inventory
  46. FIFO
  47. LIFO
  48. Weighted Average
  49. Notes Payable and Receivable
  50. Accounting for Partnership
  51. Partnership Equity
  52. Journalizing Division of Income and Loss
  53. Financial Statements for Partnership
  54. Income Statement
  55. Statement of Changes in Partners Equity
  56. Balance Sheet
  57. Liquidation fo Partnership

VII.Use Spreadsheet Outline on Word Processing I Form #1-#9

VIII.Computerized Accounting Software using Peachtree

a.Complete Outerbanks Simulation practice set on computer

b.Complete Digital Express practice set on computer

IX.Taxes

  1. History
  2. Various Forms
  3. 1040EZ
  4. 1040A
  5. 1040

COURSE COMPETENCIES: See Course Competency Profile.

CAREER DEVELOPMENT SKILLS PROFILE: Not applicable in this class.

INTEGRATION OF ACADEMICS: See Course Competency—Math.

LEADERSHIP: Not applicable in this class.