Accounting

Introduction

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 accounting software, real-world source documents, real-world financial statements, and real-world multimedia.

 

Course Objectives

The prime objective of this course is to introduce students to the double-entry system of accounting for sole proprietorship, corporate, and partnership forms of business enterprises by using real-world applications and connections. 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 find success in accounting.

 

 

Classroom Policies

It is the goal of this school district to provide all students with a conducive and safe environment for learning. Therefore, it is each student’s responsibility to help achieve this goal by extending to each other, as well as to your instructor, the same degree of courtesy and respect that you wish for others to extend to you. It is also each student’s responsibility to arrive to class on time and to maintain a good school attendance record. Violation of classroom policies will be handled according to school district policy.

Course Coverage

In this course, we will cover the following:

	Topics
	You and the World of Accounting
	The World of Business and Accounting
	Business Transactions and the Accounting Equation
	Transactions that Affect Assets, Liabilities, and Owner’s Equity
	Transactions that Affect Revenue, Expenses, and Withdrawals
	Recording Transactions in a General Journal
	Posting Journal Entries to General Ledger Accounts
	Canyon.com Web Sites
	The Six-Column Work Sheet
	Financial Statements for a Sole Proprietorship
	Completing the Accounting Cycle for a Sole Proprietorship
	Cash Control and Banking Activities
	Fast Track Tutoring Service
	Payroll Accounting
	Payroll Liabilities and Tax Records
	Green Thumb Plant Service
	Accounting for Sales and Cash Receipts
	Accounting for Purchases and Cash Payments
	Special Journals: Sales and Cash Receipts
	Special Journals: Purchases and Cash Payments
	Adjustments and the Ten-Column Work Sheet
	Financial Statements for a Corporation
	In-Touch Electronics
	Completing the Accounting Cycle for a Merchandising Corporation
	Accounting for Publicly Held Corporations
	Cash Funds
	Plant Assets and Depreciation
	Uncollectible Accounts Receivable
	Inventories
	Notes Payable and Receivable
	Kite Loft, Inc.
	Introduction to Partnerships
	Financial Statements for a Partnership
	Fine Finishes
	Ethics in Accounting