Mrs. Coates
Course Description
Business Education
Grades 10-12
(Note: An incoming 9th grade student must have teacher approval.)
Credit 1
Accounting I
Romeo
Engineering
&
Technology
Center
Accounting is the language of business! The Accounting I course covers the accounting cycle beginning with journalizing, posting to the
ledger, preparing a worksheet, and financial statements of a business. A practical project will be done to reinforce concepts of the
accounting cycle. Computerized accounting will be introduced. Some
computer knowledge will be helpful, but not required.
Accounting I covers accounting principles and the basic forms used in
record keeping and business transactions. It also provides the students with an opportunity to apply accounting principles through completing all the necessary record keeping which will be required by a small
business over a fiscal period.
Students Will Demonstrate the Following Competencies
Upon Successful Completion of the Course:
The students will develop an appreciation
and understanding of:
Supplies Needed:

Paper for notes / assignments /
quizzes
Accounting terminology

Pencils and erasers
3.
Accounting concepts, principles, and practices

Textbook and workbooks
4.
Apply accounting procedures

Calculator
1.
Accounting as it relates to careers
2.
Grading Scale:
100-93
A
92-90
A-
89-87
B+
86-83
B
82-80
B-
79-77
C+
76-73
C
72-70
C-
69-67
D+
66-63
D
62-60
D-
59-0
F
Grades:
Grades will be calculated by points
and will be converted into percentages for a letter grade. Points will
be given for homework assignments, class work, quizzes, and
tests. You must pass 60% of the
course to earn credit.
Accounting I—What will I learn?
Standards / Competencies
Business Styles:

Proprietorships /
Partnerships

Service Businesses / Merchandising Businesses
Concentrations throughout course:

Accounting Vocabulary Words
Chapter 1:
Starting A Proprietorship
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
The Accounting Equation
Balance Sheets
Starting A Proprietorship: Changes that Affect Owner’s Equity
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How Transactions Change OE in the Accounting Equation
Reporting Changes on a Balance Sheet
Analyzing Transactions into Debit and Credit Parts



Using T Accounts
Analyzing How Transactions Affect Accounts
Analyzing How Transactions Affect OE Accounts
Journalizing Transactions




Journals, Source Documents, and Recording Entries in a Journal
Journalizing Buying Insurance, Buying on Account, and Paying on Account
Journalizing Transactions That Affect OE and Receiving Cash on Account
Proving and Ruling a Journal
Posting to a General Ledger



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Preparing a Chart of Accounts
Posting Separate Amounts from a Journal to a General Ledger
Posting Column Totals from a Journal to a General Ledger
Completed Accounting Forms and Making Correcting Entries
Cash Control Systems


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Checking Accounts
Bank Reconciliation
Dishonored Checks and EFT Banking
Petty Cash
Work Sheet for a Service Business
Chapter 2:
Chapter 3:
Chapter 4:
Chapter 5:
Chapter 6:
Chapter 7:




Creating a Work Sheet
Planning Adjusting Entries
Extending Financial Statement Information on a Work Sheet
Finding and Correcting Errors on the Work Sheet
Chapter 8:
Financial Statements for A Proprietorship


Chapter 9:
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Chapter 10:
Preparing an Income Statement
Balance Sheet Information on a Work Sheet
Recording Adjusting and Closing Entries for a Service Business
Recording Adjusting Entries
Recording Closing Entries
Preparing a Post-Closing Trial Balance
Journalizing Purchases and Cash Payments

Journalizing Purchases of Mdse. For Cash

Journalizing Purchases of Mdse. On Account and Buying Supplies

Journalizing Cash Payments and Other
Chapter 11: Journalizing Sales and Cash Receipts

Journalizing Sales and Cash Receipts from Sales

Proving and Ruling an Expanded Journal
Chapter 12: Posting to General and Subsidiary Ledgers
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Chapter 13:
Posting to General Ledger
Posting to AP Ledger
Posting to AR Ledger
Accuracy of Accounting Records
Preparing Payroll Records
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Chapter 14: Payroll
Preparing Payroll Time Cards
Determining Payroll Tax Withholding
Preparing Payroll Records
Preparing Payroll Checks
Accounting, Taxes, and Reports

Recording a Payroll

Recording Employer Payroll Taxes

Reporting Withholding and Payroll Taxes

Paying Withholding and Payroll Taxes
Chapter 15: Work Sheet for a Mdsing Business

Begin 8 column Work Sheet for a Mdsing. Business

Analyzing Adjustments

Completing a Work Sheet
Chapter 16: Financial Statements for a Partnership

Income Statement

Component Percentages

Distribution on Net Income and OE Stmts.

Balance Sheet
Chapter 17: Recording Adjusting and Closing Entries for a Partnership

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Recording Adjusting Entries
Recording Closing Entries for Income Stmt. Accounts
Recording Additional Closing Entries
Preparing a Post-Closing Trial Balance
Attendance
Homework
Regular attendance is of great
importance in order to fully understand the content of the
Accounting I course. However, if
a student must be absent for any
reason—it is his/her responsibility to obtain assignments for
missed class periods. Students
will have two days to make up
their work—otherwise, it becomes
a zero. Good attendance is a vital
requirement for passing the class.
In order to be prepared for
quizzes, tests, and class demonstrations—homework assignments
are expected to be neat and
completed on time.
1.
Homework will be randomly chosen to
be handed in from time to time. Failure to have not completed homework
will result in a reduction of points.
2.
Each student is responsible for
INDEPENDENTLY completing all
homework.
3.
Please ask for help if you are having
trouble with your assignments . I am
be here before and after school.
Employability Skills
Employability skills are those traits that are looked
upon favorably by an employer—positive attitude,
neat appearance, good work habits, punctuality, etc.
The business education classes will help you to
develop these traits so that you will be better
prepared for co-op, college, or career.
The following traits will be practiced
throughout the entire course:
1. Pays attention and follows directions
2. Works well with minimal supervision
3. Works up to potential and shows maximum
effort
4. Makes effective use of time and/or materials
5. Demonstrates initiative and motivation
6. Has a cooperative and positive attitude
Page 4
Accounting I
Requirements & Expectations
1. Be on time—bring pencils, books, workbooks and completed assignments daily.
2. No food or beverage.
3. Clean up workstation and put away all materials at the end of class.
4. Attitude is of utmost importance to your teacher, substitutes, and to fellow classmates. Respectful and cooperative behavior must be practiced at all times.
5. Be in your seat when the bell rings.
6. Profanity, yelling, arguing and other inappropriate behavior will not be tolerated.
7. LATE WORK IS NOT ACCEPTED. Makeup work is the responsibility of the student NOT the teacher. All makeup work must be in to your teacher within 2 days
of your absence. This DOES NOT push back work assigned when you return to
school
8. Passes must be used when leaving the room.
9. Cheating will result in zeros to ALL parties involved– no exceptions. Detentions
will also be given– if the act continues– loss of credit and suspensions will be given.
10. Do not move hardware in lab without teacher’s permission.
11. No cell phones, text messaging etc.
12. Assignments for this class are your first priority this hour—work for this class
must be done first—if you are done early—then you may work on other homework.
13. Raise your hand and wait to be called on before asking
or answering questions. Remember to be patient—
there are others that might need help as well.
RULES
14. No sleeping in class—you head must be up– or you will
be asked to leave.
15. Do NOT play computer games or use the Internet
while the teacher is talking, doing a demo, or if you
have work that needs to be done.
Mrs. Coates
Page 5
A Pledge to My Students
I promise to come prepared to teach.
You promise to come prepared to learn.
I promise to treat you fairly and with a deep respect for your youth,
and inexperience for life, and where you are going.
You promise to respect my view and try to see where I am coming
from.
I promise to give you my best knowledge base, styles of learning, and show you that learning can
be fun.
You promise to take that brick of knowledge and build a strong foundation for your education.
I promise to be serious about things, yet share my sense of humor with you.
You promise to enjoy life, but serious when you need to be.
I promise to realize everyone makes mistakes, but realize when you’re wrong to right that wrong
and move on.
You promise to be patient with different views and to know you do not always have the right
answers.
I promise to believe in you, and you promise to believe in yourself and follow your dreams.
I promise to always care deeply for you and hope that you will have a vision of your own someday.
You promise to care about people around you, as well as your surroundings, and most of all,
promise to make a difference in this world with a positive effect.