Course+Syllabus

** CURRICULUM AND INSTRUCTIONAL SERVICES ** HIGH SCHOOL COURSE SYLLABUS **  **// Accounting (811410) //** **Number of Credits:** 1 = __ Prerequisites __ = None =__ Course Description __= Where does all the money go? You wouldn’t go to foreign country and not learn the language. Learn the language of business. Accounting can help you keep track of money for business and personal use. You will use financial information to make decisions and use the computer to solve problems. =__ Relevance __= Accounting provides essential skills and information for any student who wants to pursue a career in Accounting, to own their own business, or to budget and keep track of their own financial status. = __ Course Standards __ = Most essential benchmarks may be viewed at: www.kusd.edu. ** =__ Lifelong Learning Standards __=  · Knowledgeable person · Complex thinker · Effective communicator · Self-directed learner · Quality producer · Contributing citizen
 * KENOSHA UNIFIED SCHOOL DISTRICT NO. 1 **
 * 1) 5 – Uses accounting procedures to make decisions about planning, organizing and allocating resources.

=__ Course Outline __= I. Introduction to Accounting A. You and the World of Accounting 1. Exploring Careers 2. Accounting Careers: The Possibilities are Endless! B. The World of Business and Accounting 1. Exploring the World of Business 2. Accounting: The universal Language of Business II. The Basic Accounting Cycle A. Business Transactions and the Accounting 1. Property and Financial Claims 2. Transactions That Affect Owner’s Investment, Cash and Credit 3. Transactions That Affect Revenue, Expense, and Withdrawals by the Owner B. Transactions That Affect Assets, Liabilities, and Owner’s Equity 1. Accounts and the Double-Entry Accounting System 2. Applying the Rules of Debit and Credit C. Transactions that Affect Revenue, Expenses, and Withdrawals 1. Relationship of Revenue, Expenses, and Withdrawals to Owner’s Equity 2. Applying the Rules of Debit and Credit to Revenue, Expense, and Owner’s Equity D. Recording Transactions in a General Journal 1. The Accounting Cycle 2. Recording Transactions in the General Journal E. Posting Journal Entries to General Ledger Accounts 1. The General Ledger 2. The Posting Process 3. Preparing a Trial Balance 4. Finding and Correcting Errors F. The Six-Column Work Sheet 1. Preparing the Work Sheet 2. Extending Amounts Across the Work Sheet G. Financial Statement for a Sole Proprietorship 1. The Income Statement 2. The Statement of Changes in Owner’s Equity 3. The Balance Sheet H. Completing the Accounting Cycle for a Sole Proprietorship 1. Preparing Closing Entries 2. Posting Closing Entries and Preparing a Post-Closing Trial Balance I. Cash Control and Banking Activities 1. Banking Procedures 2. Reconciling the Bank Account III. Accounting for a Payroll System A. Payroll Accounting 1. Calculating Gross Earnings 2. Payroll Deductions 3. Payroll Records B. Payroll Liabilities and Tax Records 1. Journalizing and Posting the Payroll 2. Employer’s Payroll Taxes 3. Tax Liability Payments and Tax Reports IV. The Accounting Cycle for a Merchandising Corporation A. Accounting for Sales and Cash Receipts 1. Accounting for a Merchandising Business 2. Analyzing and Recording Sales Transactions 3. Analyzing and Recording Cash Receipt Transactions 4. Analyzing and Recording Sales Returns and Allowances Transactions B. Accounting for Purchases and Cash Payments 1. Purchasing Items Needed by a Business 2. Analyzing and Recording Purchases on Account 3. Analyzing and Recording Cash Payments 4. Analyzing and Recording Purchases Returns and Allowances Transactions C. Special Journals: Sales and Cash Receipts 1. The Sales Journal 2. The Cash Receipts Journal D. Special Journals: Purchases and Cash Payments 1. The Purchases Journal 2. The Cash Payments Journal 3. The General Journal E. Adjustments and the Ten-Column Worksheet 1. Identifying Accounts to be Adjusted and Adjusting Merchandise Inventory 2. Adjusting Supplies, Prepaid Insurance, and Federal Corporate Income Tax 3. Completing the Work Sheet and Journalizing and Posting the Adjusting Entries F. Financial Statements for a Corporation 1. The Ownership of a Corporation 2. The Income Statement 3. The Statement of Retained Earnings and the Balance Sheet G. Completing the Accounting Cycle for a Merchandising Corporation 1. Journalizing Closing Entries 2. Posting Closing Entries 3. Preparing a Post-Closing Trial Balance =__ Board-Approved Instructional Materials __= Guerrieri/Haber/Hoyt/Turner //Glencoe Accounting Real-World Applications & Connections, First-Year Course//, Glencoe-McGraw Hill, 2004. Guerrieri/Haber/Hoyt/Turner //Glencoe Accounting Real-World Applications & Connections, First-Year Course, Chapter Reviews and Working Papers//, Glencoe-McGraw Hill, 2004.
 * Lifelong learning benchmarks may be viewed at: www.kusd.edu. **

**// Glencoe Accounting: Electronic Learning Center: Includes Peachtree Accounting Software //**
= __Parents as Partners__ = = = Parents need to encourage their child to use class time wisely and to be in class, on time, on a daily basis. Please e-mail the teacher for updates on their child’s progress including checking on their missing work. Allow your child to stay after school to catch up if behind.
 * Teacher Classroom Resources**: Chapter Tests, Demonstration Problems, Unit Tests, Teaching Transparencies, Lesson Plans, Block Scheduling, Quickbooks

Please encourage your child to bring home their textbooks and workbooks when they have been absent and when they have not completed their work in class. = = =__ Methods of Assessment __= Final exams should be cumulative in nature, emphasizing the most essential benchmarks for the course. Results of the final exam represent 20 percent of the final grade. =__ Board-Approved Grading Scale __= <span style="font-family: Times New Roman; mso-bidi-font-family: 'Times New Roman'; mso-bidi-font-size: 12.0pt; msobidifontfamily: 'Times New Roman'; msobidifontsize: 12.0pt;">Excerpts taken from School Board Rule 6452 <span style="font-family: Times New Roman; font-size: 10pt; mso-bidi-font-size: 12.0pt; msobidifontsize: 12.0pt;"> GRADING SCALE A+=98-100 percent A=93-97 percent A-=90-92 percent
 * Daily Homework/Classwork
 * Tests/Quizzes
 * Participation.
 * Final Exam

B+=86-89 percent B=83-85 percent B-=80-82 percent <span style="font-family: 'Times New Roman'; font-size: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> <span style="font-family: Times New Roman; font-size: 10pt; mso-bidi-font-size: 12.0pt; msobidifontsize: 12.0pt;">C+=76-79 percent C=73-75 percent C-=70-72 percent <span style="font-family: 'Times New Roman'; font-size: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> <span style="font-family: Times New Roman; font-size: 10pt; mso-bidi-font-size: 12.0pt; msobidifontsize: 12.0pt;">D+=66-69 percent D=63-65 percent D-=60-62 percent F=0-59 percent <span style="font-family: 'Times New Roman'; font-size: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> <span style="font-family: Times New Roman; font-size: 10pt; mso-bidi-font-size: 12.0pt; msobidifontsize: 12.0pt;">MAKE-UP WORK Students submitting work up to ten school days late without prior approval may receive up to two grades lower on the work than they would have received if the work had been submitted on time (i.e., B+ lowered to A D+). Student work submitted after ten school days without prior approval shall not be accepted for credit and shall be recorded with a score of zero.

Upon returning to school after an absence, a student has the responsibility within the number of days equal to the length of the absence or suspension to meet with the teacher to develop a plan for making up missed work, quizzes, and examinations. A truant student has the responsibility on the first day he or she returns to the course/class to meet with the teacher to develop a plan for making up missed work, quizzes, and examinations. Lower grades may not be given for late work due to excused absences, suspension, or truancy unless the work is submitted later than agreed upon deadlines. ** See Rule 6452 in its entirety at: www.kusd.edu. ** <span style="font-family: Times New Roman; font-size: 10pt; mso-bidi-font-size: 12.0pt; msobidifontsize: 12.0pt;">