Woodruff High School

Business Education Department

2004 - 2005 Accounting Syllabus

 

COURSE DESCRIPTION: This course is designed to acquaint the student with the relationship between accounting and business, to develop an understanding of the steps of the accounting cycle, to develop an understanding of accounting concepts, principles, and practices, and to apply accounting procedures.

 

CREDITS: One

 

PREREQUISITE: None

 

COURSE COMPETENCIES: Given the necessary equipment, supplies, and facilities, the student on completion of 180 hours of instruction will be able to successfully complete the following minimum competencies.

 

Unit A.  Accounting Cycle

1.   Analyze the accounting equation.

2.   Classify accounts as to assets, liabilities and capital.

3.   Prepare a beginning balance sheet.

4.   Open accounts in a general ledger and post the opening entry to the general ledger.

5.   Analyze business transactions into debit and credit parts using T-accounts.  

6.   Record business transactions in a general journal and/or a cash journal.

7.   Post from a general journal to a general ledger.

8.   Post from a cash journal to the ledger.

9.   Prepare a trial balance.

10.  Prepare a worksheet.

11.  Prepare an income statement.

12.  Prepare a balance sheet.

13.  Close the ledger.

14.  Prepare a post-closing trial balance. 

 

Unit B.    Accounting for a Merchandising Business 

1.     Analyze merchandising transactions into debit and credit parts.

2.     Journalize transactions for a merchandising business.

3.     Post from a journal to a general ledger, an accounts receivable ledger, and an accounts payable ledger.

4.     Prepare a schedule of accounts receivable and a schedule of payable ledger.

5.     Complete a worksheet with adjustments.

6.     Prepare financial statements for a merchandising business.

7.     Journalize adjusting and closing entries.

8.     Prepare a post-closing trial balance.

 

Unit C.    Special Journals/Subsystems 

1.     Complete the accounting cycle using cash receipts, cash payments, sales, and purchases.

2.     Establish, maintain, and replenish petty cash fund.

3.     Compute and journalize transactions to record annual depreciation.

4.     Compute and write off uncollectible accounts.

5.     Journalize notes payable and notes receivable transactions.

 

Unit D.    Banking 

1.     Endorse checks.

2.     Prepare a deposit slip.

3.     Complete check stub and write a check.

4.     Reconcile a bank statement.

5.     Record the entry for a service charge and/or credit card fees.

6.     Record the entry for a dishonored check.

 

Unit E.     Payroll Systems 

1.     Complete a W-4 Form.

2.     Complete payroll time cards.

3.     Prepare a payroll register.

4.     Prepare an employee’s earnings record.

5.     Journalize and post a payroll entry.

6.     Journalize and post an employer’s payroll taxes.

7.     Record entries for payment of tax liabilities.

 

Unit F.     Automated Data Processing 

1.     Perform basic computer operations.

2.     Demonstrate the proper care of software.

3.     Prepare and key a chart of accounts.

4.     Prepare input form for a general ledger and for subsidiary ledgers.

5.     Record and key an opening entry for an automated accounting system.

6.     Key daily work transactions and adjust entries in an automated accounting system.

 

Unit G.    Safety 

1.     Identify good work attitudes that affect safety on the job.

2.     Identify the major causes of work-related accidents.

3.     Develop an emergency plan.

 

COURSE OUTLINE:

 

Part 1.    Accounting as a Career  (1 DAY)

  • Accounting Careers: Communication and Ethics in the Workplace

Part 2.    Accounting for a Service Business (11 WEEKS)

  (Organized as a Proprietorship)

  • Starting a proprietorship

  • Starting a proprietorship: Changes that affect owner’s equity

  • Analyzing transactions into debit and credit parts

  • Journalizing business transactions

  • Posting to a general ledger

  • Cash control systems

  • Work sheet for a service business

  • Financial statements for a proprietorship

  • Recording, adjusting and closing entries for a service business

Part 3.     Accounting for a Merchandising Business (8 WEEKS)

  • Journalizing purchases and cash payments

  • Journalizing sales and cash receipts

  • Posting to general and subsidiary ledgers

  • Preparing  payroll records

  • Payroll accounting, taxes and reports

  • Work sheet for a merchandising business

  • Financial statements for a partnership

  • Recording, adjusting and closing entries for a partnership

Part 4.     Accounting for a Merchandising Business (13 WEEKS)

  • Recording purchases and cash payments using special journals

  • Recording sales and cash receipts using special journals

  • Accounting for uncollectible accounts receivable

  • Accounting for plant assets and depreciation

  • Accounting for inventory

  • Accounting for notes and interest

  • Accounting for accrued revenue and expenses

  • Distribution dividends and preparing a work sheet for a corporation

  • Financial statements and end-of-fiscal-period entries for a corporation

Part 5.     The Legal Environment of Business (3 WEEKS)

  • Forming and dissolving business organizations

 

TESTING AND EXAMINATIONS (1 WEEK)

 

36 WEEKS TOTAL

 

INSTRUCTIONAL MATERIALS AND SUPPLIES:

 

Required textbook: Ross, Hanson, Gilbertson, Lehman & Swanson.  Century 21 Accounting Anniversary Edition, Cincinnati: South-Western Publishing Co., 2003.

 

Required supplement: Swanson, Ross, and Hanson.  Century 21 Accounting, Working Papers and Study Guides for Anniversary Edition, Cincinnati: South-Western Publishing Co., 2003.

 

Provided by the student: One 3-ring, loose leaf notebook with dividers and paper.  The notebook should be labeled and organized as follows: HW/CW, Notes, Quizzes, and Handouts.


ACCOUNTING EVALUATION SYSTEM:

 

FIRST QUARTER

Pop Tests                                                                                 20%

Major Tests                                                                               30%

Homework/Classwork                                                              10%

Mastery Problems                                                                    15%

Nine Weeks Test                                                                      25%

 

SECOND QUARTER

Pop Tests                                                                                 20%

Major Tests                                                                               40%

Homework/ Classwork                                                             20%

Mastery Problems                                                                    20%

 

SEMESTER GRADE

Average of Two Nine Weeks Grades                                      75%

Semester Exam                                                                       25%

 

THIRD QUARTER

Pop Tests                                                                                 20%

Major Tests                                                                               40%

Homework/Classwork                                                              10%

Mastery Problems                                                                    15%

Nine Weeks Test                                                                      25%

 

FOURTH QUARTER

Pop Tests                                                                                 20%

Major Tests                                                                               40%

Homework/Classwork                                                              20%

Mastery Problems                                                                    20%

 

SEMESTER GRADE

Average of Two Nine Weeks Grades                                       75%

Semester Exam                                                                       25%

 

FINAL GRADE

First Semester Grade                                                              50%

Second Semester Grade                                                         50%

 

**Grades will be assigned based on the grading scale

printed in your WHS Student Handbook.**

 

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