Accounting

SCED: 112104/212104

Course Length: One year

Grade Level: 10, 11, 12

Prerequisite: Computer Technology

Textbooks and other materials:

Textbook:        Century 21 Accounting 9E Multicolumn Journal. Claudia Bienias Gilbertson, CPA; Mark W. Leyman, CPA; South- Western Cengage Learning, 2008.

                   Aplia.com online working papers, Cengage Learning.

Course Description: Accounting introduces students to accounting concepts, principles, and the

accounting cycle for a service business organized as a proprietorship and a merchandising business organized as a corporation. This course includes sales, purchases, cash receipts, cash payments,

financial statements, cash control systems and payroll. In addition, this course introduces students to accounting software and spreadsheet software.

Method of Teaching: Short lecture with overhead demonstrations. Most of the class time is student hands-on activities.

Grading Method: Materials collected from students' hands-on activities, study guides, and tests (concepts and problems) are graded using a point system.

Course Outline:

I. Accounting Concepts

  1. Accounting equation
  2. The effects of transactions on the accounting equation
  3. Classifying accounts
  4. Debits and credits
  5. Using T-accounts
  6. Source documents

II. Accounting Cycle

  1. Chart of Accounts
  2. Transactions
  1. General Journal
  2. Special journals
  1. Posting
  1. General Ledger
  2. Subsidiary ledgers
  1. Supporting Schedules
  1. Schedules of Accounts Receivable
  2. Schedule of Accounts Payable
  1. Prove Cash
  2. Worksheet
  3. Financial statements
  1. Income Statement
  1. Include component percentages
  1. Balance Sheet
  2. Owners’ Equity Statement
  3. Distribution of Net Income Statement
  1. Journalize and post adjusting and closing entries
  2. Journalize and post correcting entries
  3. Post-closing trial balance  

III. Cash Control Systems

A. Checks

1. Write

2. Endorse

B. Deposits

C. Electronic funds transfers

D. Check register/check stubs

E. Checking account reconciliation

F. Petty Cash Fund

  1. Establish and replenish
  1. Cash control transactions

IV. Payroll records

  1. Employee's Withholding Exemption form
  2. Time Card
  3. Payroll register
  4. Employee earnings record
  5. Payroll checks
  6. Employer's payroll taxes
  7. Payroll Transactions
  8. Federal Payroll Reports

V.  Accounting for Uncollectible Accounts Receivable

  1. Writing off and collecting uncollectible accounts receivable

VI. Accounting for Plant Assets and Depreciation

  1. Depreciation
  2. Buying plant assets
  3. Disposing of plant assets

VII. Accounting for Inventory

Conway Springs High School        Accounting Outline        Page  of