Course Description
Textbook and Material
Performance/Learner Outcomes
Instructional Methods
Homework
Absence Policy Tips for
Success Assessment
Academic Honesty
Course Description Back to Top
Anyone who deals with any phase of business can benefit from an understanding of basic accounting principles covered in this first-year course. Students planning to attend college will find a high school introduction to the subject helpful. Students planning to operate their own business will find this course a must. Students will learn how to work with journals, ledgers, balance sheets, and income and capital statements of a self-owned business. You will assume the role of an accountant for a small fictional business. You will also do some of your accounting work on a microcomputer. This course may be taken as substitute for one of the math courses required for graduation. The first semester must be passed before beginning the second.
Textbook and Material Back to Top
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South-western Publishing Company
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Century 21 Accounting I, Eighth Edition, copyright 2006
Authors: Gilbertson, Lehman, Ross
Century 21 Accounting I Working Papers -
Zenith Global Imports Accounting Simulation
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Tronics, Inc. Accounting Simulation
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Calculator
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Pen and pencils
Performance/Learner Outcomes Back to Top
Process
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The student is able to classify accounts using correct terminology.
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The student is able to manually journalize and post transactions for service and retail sole-proprietorships, partnerships, and corporations.
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The student is able to prepare end of the period financial reports including: income statement, balance sheet, and capital statements.
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The student is able to journalize and post transactions using Quickbooks Accounting software.
Knowledge
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The student knows the accounting equation and the accounting cycle.
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The student knows financial vocabulary necessary to discuss the financial position of a company.
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The student knows the basics of accounting for a sole-proprietorship, partnership, and corporation.
Values
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The student values desirable character traits and work habits that are required for success.
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The student values business training and experiences as sources of personal satisfaction and growth.
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The student values this course as a math credit toward graduation and a solid basis for future study of business courses.
Instructional Methods Back to Top
This course is a combination of lecture and practice. Student work will be done individually except for business simulations completed at the end of each semester. The business simulation may be worked on with a partner.
The computer will be utilized as students explore the automated accounting process through the use of Quickbooks Accounting software.
Homework Back to Top
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In general, students spend a significant portion of each class period working. Any assigned work not completed in class should be finished at home.
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Business simulations are in-class projects only.
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Late work will be accepted for partial credit (10% deducted for each day late) up to one week after due date. Late work will NOT be accepted after that time.
Absence Policy (Make-up work) Back to Top
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Students should inform the instructor of a field trip prior to the absence. Arrangements for make-up work will be discussed. Generally, the work should be completed on the day of their return.
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Test, quiz, and assignment absences due to illness (excused) must be made up within two (2) days of the return to school.
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Only excused absences have full make-up privileges.
Note: There will be at least one field trip for this course
Tips For Success Back to Top
Good attendance is essential–especially during the business simulations that are done in class.
Bringing all materials to class each day will enable students to complete a majority of work in class where the instructor is available for assistance. Wasted time results in more homework.
Assessment Back to Top
Homework 50%
Tests and Quizzes 40%
(tests are both objective and problem in nature)
Participation 10%
The cumulative semester grade is weighted at 80% with the semester exam making up the remaining 20% of the final semester grade. This is a year long course. Students must pass semester one in order to continue with semester two.
Academic Honesty Back to Top
It is expected that all the materials submitted for this course are the actual work of the individual whose name appears on the materials. Violation of academic honesty includes but is not limited to cheating, plagiarism, and receiving help on a test. A student found guilty of academic dishonesty is subject to failure for the assignment in question or failure of the course. Copying another person’s assignment will result in both the copied assignment and the original assignment guilty of academic dishonesty.