Course Description
Grade 10-12
Accounting
Philosophy Statement: Students are involved
in business decisions on a daily basis. Business education integrates the
biblical principles of honesty, integrity, and stewardship as they relate to the
business world. Basic skills in finance provide students with a foundation for
present and future business decisions.
Course Objective: This course provides
students an exposure to three accounting cycles-proprietorship, partnership, and
corporation. A wide range of accounting problems are introduced including
general journal, general ledger, inventory, and payroll, to name a few.
Textbooks:
Century 21 Accounting – General Journal
South Western
Copyright 2000
Materials:
- Computers
- Printer
- Automated Accounting 8.0
South-Western Publishing, 2003
Time Allotment: 45 minutes per day, 5 days
per week
Course Content:
- Starting a Proprietorship
- Starting a Proprietorship: Changes that Affect Owner’s
Equity
- Analyzing Transactions into Debit and Credit Parts
- Recording Transactions in a General Ledger
- Posting from a General Journal 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
- Journalizing Purchases and Cash Payments Using Special
Journals
- Journalizing Sales and Cash Receipts Using Special
Journals
- 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
- Recording Purchases and Cash Payments
- Recording Sales and Cash Receipts
- 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
- Distributing Dividends and Preparing a Work Sheet
- Financial Statements and End-of-Fiscal-Period Entries
for a Corporation
Areas to be evaluated:
- Class Assignments
- Chapter Tests
- Cycle Simulation Projects
Additional activities: