Mr. Hunter-College Accounting

College Accounting

Course Description

Course Requirements

Grading Scale

Assignments

Course Description:

Introduction

College Accounting is a comprehensive, two-semester, one-year course designed to bring the real world of accounting into the classroom. Students will have the opportunity to use real-world source documents and real-world financial statements. This course will introduce the computerized accounting system with a program called Microsoft Accounting.

Course Objectives

The prime objective of this course is to review (approximately eight weeks) the double-entry system of accounting for sole proprietorship and corporate merchandising businesses by using real-world applications and connections offered in the Accounting Level I course. The additional units will cover accounting for publicly held corporations, accounting for special procedures and accounting for partnerships.

Other important objectives include the following:

• To help students develop personal and professional skills for school and work.

• To help students understand the relationship between the manual system of accounting and a computerized system.

• To help students utilize a computerized accounting system.

• To help students find success in accounting.

Course Requirements:

The curriculum materials to be used in this course include the following:

• Glencoe Accounting, First-Year Course textbook

• Glencoe Accounting, First-Year Course Chapter Reviews and Working Papers (Chapters 14-29)

• Ruler (6” inch preferably, it will fit in your textbook)

• Two-Three pencils, two pens.

• Hand-held calculator (with business mathematic capabilities)

• Accounting Portfolio (folder kept in our room)

Students will be expected to do daily assignments, complete homework, and participate in class discussions. Classroom activities will include group discussions, problem solving, and individualized instruction. Students are encouraged to work independently and assist others when appropriate

Grading Scale:

Tests................................................................................................................................40%
Classwork/Homework.............................................................................................................20%Projects/Simulations..............................................................................................................20%
Teacher Evaluation................................................................................................................20%

Tests: Students retention of course content is assessed periodically, usually weekly. A Mid-Term and Final Exam will be administered. Students will be tested at the end of each chapter and unit. Chapter tests consist of problems and matching vocabulary, true/false, and multiple-choice questions. The time required to complete a chapter test is usually 30–40 minutes. Unit tests are designed like chapter tests and are administered after completing four to five chapters. Unit tests usually require about 40–50 minutes to complete.

If a student misses a test, it is the student’s responsibility to make arrangements with the instructor to make up the test within three-school days from the date of absence. A fair and reasonable amount of time will be made to accommodate students with lengthy absences.

Homework: Homework will be assigned, collected and graded. All late work will be given one grade less for each day late up to 2 days. After 2 days the grade will be ‘0’. If a student is absent or ill, they will have one week from the date of absence to make up all work.

Quizzes: Student’s retention of course content will be assessed periodically and a grade will be given. If a student plans to be absent, they should contact the teacher and arrange for the quiz to be taken before the date of absence.

Teacher Evaluation: This subjective grade will include daily attendance, student behavior, classroom preparation, homework, daily work effort, and a notebook that should be updated daily and class participation. (Preparation includes a student’s ability to bring required materials to class on a daily basis.)

Assignments: Tentative Schedule (**Chapters for Review)

Unit / Chapter #	Topics	Approximate # of Class Sessions /Due Date
Unit 1	Introduction to Accounting
Chapter 1	You and the World of Accounting
Chapter 2	The World of Business and Accounting
Unit 2	The Basic Accounting Cycle
Chapter 3	Business Transactions and the Accounting Equation **
Chapter 4	Transactions that Affect Assets, Liabilities, and Owner’s Equity **
Chapter 5	Transactions that Affect Assets, Liabilities, and Owner’s Equity **
Chapter 6	Recording Transactions in a General Journal **
Chapter 7	Posting Journal Entries to General Ledger Accounts **
Mini Practice Set 1	*Canyon. COM Web Sites*
Chapter 8	The Six-Column Work Sheet **
Chapter 9	Financial Statements for a Sole Proprietorship **
Chapter 10	Completing the Accounting Cycle for a Sole Proprietorship **
Chapter 11	Cash Control and Banking Activities **
Mini Practice Set 2	*Fast Track Tutoring Service*
Business Simulation	Adventure Travels**
Unit 3	Accounting for a Payroll System
Chapter 12	Payroll Accounting **
Chapter 13	Payroll Liabilities and Tax Records **
Mini Practice Set 3	*Green Thumb Plant Service*
Unit 4	The Accounting Cycle for a Merchandising Corporation
Chapter 14	Accounting for Sales and Cash Receipts **
Chapter 15	Accounting for Purchases and Cash Payments **
Chapter 16	Special Journals: Sales and Cash Receipts **
Chapter 17	Special Journals: Purchases and Cash Payments **
Chapter 18	Adjustments and the Ten-Column Work Sheet **
Chapter 19	Financial Statements for a Corporation **
Mini Practice Set 4	*In-Touch Electronics*
Chapter 20	Completing the Accounting Cycle for a Merchandising Corporation **
End of Accounting Level I Course
Business Simulation	*Outer Banks Marketplace, Inc.*	5
Chapter 21	Accounting for Publicly Held Corporations	6
Unit 5	Accounting for Special Procedures
Chapter 22	Cash Funds	6
Chapter 23	Plant Assets & Depreciation	6
Chapter 24	Uncollectible Accounts Receivable	6
Chapter 25	Inventories	6
Chapter 26	Notes Payable & Receivable	6
Mini-Practice Set 5	Kite Loft, Inc.	3
Business Simulation	Digital Express	6
Unit 6	Accounting for Partnerships
Chapter 27	Introduction to Partnerships	5
Chapter 28	Financial Statements for a Partnership	6
Mini Practice Set 6	Fine Finishes	4
Chapter 29	Ethics in Accounting	3
Unit 7	Introduction to Computerized Accounting Systems (Microsoft Small Business Accounting Program-This Unit will be covered throughout the second year.)
Final Examination		2