Accounting I Syllabus

ACCOUNTING I (07.4110000)

COURSE SYLLABUS

TEACHER: Ms. Davis EMAIL: davisp@fulton.k12.ga.us


CLASSROOM: G125 PHONE: 770.521.7600 Ext. 161
OFFICE: G123

TEXTBOOK: Century 21 Accounting: General Journal (2006) Student Text/CD, Cost $55.00
Century 21 Accounting—Working Papers, Cost $16.25
Century 21 Accounting—Recycling Problems, Cost $16.25

SIMULATIONS: Eddie Ortega, DJ, $14.50
Zenith Global Imports, $19.50


SOFTWARE: Automated Accounting 8.0
Peachtree Complete
QuickBooks Pro

PRE-REQUISITE: Computer Applications
PROGRAM OF STUDY: Accounting

COURSE DESCRIPTION: Introduces double-entry accounting and accounting activities for a sole proprietorship, partnership, and corporation following generally accepted accounting procedures. Accounting methods utilized by a service business and a merchandising business will be examined. Students analyze business transactions and financial statements, perform payroll and cash control activities, examine the global perspective of accounting, and evaluate the effects of transactions on the economic health of the business. Automated accounting procedures will be presented using various accounting software.

COURSE OBJECTIVES: All objectives are in compliance with generally accepted accounting principles:

● Define accounting vocabulary.
· Apply generally accepted accounting principles
· Classify items as assets, liabilities, or owner’s equity.
● Analyze and journalize business transactions.
● Post transactions from journals to ledgers.
● Prepare and interpret work sheets and financial statements.
● Journalize and post adjusting and closing entries.
● Prepare a post-closing trial balance.
● Describe the three major types of business organizations and compare accounting procedures for each.
● Apply cash controls and banking activities to the accounting process.
● Prepare payroll and tax records.
● Establish and record transactions involving change and petty cash funds.
● Analyze effects of bad debts, uncollectible accounts, and depreciation on a business.
● Compare common inventory methods and maintain inventory systems.
● Analyze and record transactions for notes payable and receivable.



COURSE OUTLINE:
--Accounting in a private enterprise economy
--Business transactions and the basic accounting equation
--Analyzing transactions affecting assets, liabilities, and owner’s equity
--Analyzing transactions affecting revenue, expenses, and withdrawals
--Recording transactions in a general journal
--Posting entries to general ledger accounts
--Preparing a six-column worksheet
--Preparing financial statements for a sole proprietorship
--Completing the accounting cycle for a sole proprietorship
--Cash control and banking activities
--Accounting for sales on account
--Accounting for cash receipts
--Accounting for purchases on account
--Accounting for cash payments
--Recording general journal transactions
--Preparing a ten-column work sheet
--Preparing financial statements for a corporation
--Recording adjusting and closing entries
--Payroll Accounting
--Payroll and Tax records
--Accounting for cash funds
--Accounting for the depreciation of property and equipment
--Accounting for uncollectible accounts receivable
--Accounting for inventories
--Accounting for notes payable and receivable
--Accounting for partnerships
--Accounting for corporations
--Analyzing and interpreting financial statements
--Automated accounting

INSTRUCTIONAL METHODOLOGIES/STRATEGIES: The instructor will utilize the following methods for meeting the learning objectives of this course:

1. Class lecture/discussion 6. Cooperative learning
2. Class demonstration 7. Application problems/simulations
3. Guest speakers 8. Audio-visual aids
4. Student presentations 9. Computerized accounting
5. Student projects/teacher-directed practice 10. Case Analysis

MATERIALS: Students should bring paper, pencil/pen, notebooks and calculators to class everyday. Students should also bring their accounting textbook and workbook to class everyday. Also, students should maintain an accounting notebook which contains all assignments, graded work, tests, etc.

HOMEWORK REQUIREMENT: Homework will be given regularly. It is due at the beginning of class on the day following the assignment. Students who are absent will have one day for each day absent to make up homework assignments.

Throughout the semester, there will be random, unannounced homework checks. These homework checks will result in a grade of either 100, 50, or 0. If there was a homework check on the day a student is absent, the student must show the teacher that assignment at the beginning of class on the day the student returns.



ATTENDANCE: It is important to be in class every day as new material is covered daily. Each new topic builds on previously covered material. Therefore, attendance is important. Although you may make-up work, some part of the classroom lecture/participation cannot be recaptured. I will be available for extra help and/or make-up work/tests most mornings from 7:30-8:20; see me to set up an appointment when you need extra help or make-up work.

EXPECTED BEHAVIOR: See Business and Information Technology policy sheet.

EVALUATION: Final grade will be computed as follows:

Tests 30%
Daily Work/Homework 35%
Quizzes 10%
Projects/Simulations 10%
Final Exam 15%

FULTON COUNTY GRADING SCALE:

A 90-100
B 80-89
C 70-79
F 0-69

RECOVERY:

FULTON COUNTY RECOVERY POLICY
Provision for Improving Grades
Opportunities designed to allow students to recover from a low or failing cumulative grade will be allowed when all work required to date has been completed and the student has demonstrated a legitimate effort to meet all course requirements including attendance.

Students should contact the teacher concerning recovery opportunities. Teachers are expected to establish a reasonable time period for recovery work to be completed during the semester. All recovery work must be directly related to course objectives and must be completed ten school days prior to the end of the semester. Teachers will determine when and how students with extenuating circumstances may improve their grades.

CHATTAHOOCHEE HIGH SCHOOL GUIDELINES
Recovery is available to students with a cumulative grade below 74% after a minimum of two (2) major grades. The maximum grade a student can earn for a recovery activity is 70%. There will be only one recovery opportunity per failed major assignment or test. The individual teacher will determine the means of recovery. THE STUDENT MUST INITIATE THE PROCESS WITHIN FIVE (5) DAYS OF NOTIFICATION OF A FAILING GRADE ON A MAJOR ASSIGNMENT/TEST.


CAREER OPPORTUNITIES: Upon successful completion of this course, students will be prepared for further study in accounting classes (secondary and post-secondary). Career opportunities available to students who successfully complete Accounting I include:

accounting clerk
general bookkeeper
accounts receivable clerk
accounts payable clerks