Accounting I
Clinton-Graceville-Beardsley Schools
Course Syllabus
Instructor: Ms. Stueve Classroom: 234
Work Phone: 320 748-7233 extension 114 E-mail:
Extra Help Hours: 7:45-8:15 AM by appointment Credit: .5 Semester credit
3:30-3:45 PM by appointment Hours: 85 per semester
TEXT & WORKBOOK Gilbertson, Lehman (2009), Century 21 Accounting – 9th Edition, South-Western Cengage Learning
Aplia Century 21 Accounting Multicolumn Journal Online Working Papers
BUSINESS EDUCATION DEPARTMENT RULES: REQUIRED MATERIALS:
· Respect * Accounting Book and Workbook
· Responsibility * Aplia Online Access Card
· Courtesy * Pencil and Eraser Ruler/Straight Edge
· Discipline procedures will be followed in accordance with * Calculator
the CGB Student Handbook
COURSE DESCRIPTION
The Clinton-Graceville-Beardsley Accounting I program serves an important function. It provides students with a valuable tool for a variety of career and personal objectives. This introductory course will provide the students with an understanding of the basic accounting principles to be used in related business fields, as vocational preparations, for continued study, or in personal financial activities. This course covers the basic accounting cycle for service and merchandising businesses. Topics include the analysis of business transactions, recording transactions in a variety of journals, and the preparation of financial reports. Students begin this one-year course with the basic accounting cycle and proceed to more complex activities.
ARTICULATION AGREEMENTS:
This course along with Accounting II is accredited for Tech Prep credit with course ACCT1012 Principles of Bookkeeping (3 credits) at the Minnesota State Community and Technical College System (Detroit Lakes, Fergus Falls, Moorhead, and Wadena), and with course ACCT1100 Principles of Bookkeeping (3 credits) at Northwest Technical College – Bemidji, and Northland Community and Technical College.
This course is accredited for Tech Prep credit with course ACCT1501 Accounting for Business (2 credits) at Alexandria Technical College and with course SAMG1250 (3 credits) at Saint Cloud Technical College.
Students meeting all the requirements within the course syllabus with an 85 percent or better may receive tech prep credit at these colleges.
PREREQUISITES None
COURSE FOCUS
Emphasis in this course will be on learning and using bookkeeping basics. Areas of emphasis will include internal control, voucher system, accounts, and financial information.
COURSE GOALS*
The following list of course goals will be addressed in the course. These goals are directly related to the performance objectives.
1. Display effective work habits
2. Name accounting process functions
3. Compare three business entity types
4. Identify financial information users
5. Define generally accepted accounting principles
6. Identify accounting major areas
7. Record business transaction financial effects
8. Use accounting equation
9. Analyze business transactions
10. Prepare income statement
11. Prepare statement of owner’s equity
12. Prepare balance sheet
13. Analyze financial statements’ relationship
14. Use T accounts
15. Apply debit/credit entry rule
16. Develop/set up simple chart of accounts
17. Journalize transactions
18. Post journal entries
19. Correct journal/ledger errors
20. Prepare trial balance
21. Use ten-column worksheet
22. Enter adjustments
23. Complete worksheet
24. Journalize/post adjusting entries
25. Journalize/post closing entries
26. Prepare post closing trial balance
27. Journalize/post credit sales
28. Set up accounts receivable subsidiary ledger
29. Post to accounts receivable subsidiary ledger
COURSE GOALS (continued)
30. Journalize/post sales returns and allowances
31. Compute trade discounts
32. Journalize/post freight in/out
33. Journalize/post purchases journal
34. Set up accounts payable subsidiary ledger
35. Post to accounts payable subsidiary ledger
36. Journalize/post purchases returns and allowances
37. Compute/record sales tax returns
38. Prepare state sales tax returns
CURRICULUM MAPPING: SEMESTER OUTLINE
Week 1-2 Chapter 1: Starting a Proprietorship
5 Lesson 1-1 The Accounting Equation
5 Work Together and On Your Own
5 Application
5 Lesson 1-2 How Business Activities Change the Accounting Equation
5 Work Together and On Your Own
5 Application
5 Lesson 1-3 How Transactions Change Owner’s Equity in an Accounting Equation
5 Work Together and On Your Own
5 Application
5 Mastery 1-4
5 Challenge 1-5
5 Chapter 1 Test
Week 3-4 Chapter 2: Analyzing Transactions into Debit and Credit Parts
5 Lesson 2-1 Using T-Accounts
5 Work Together and On Your Own
5 Application
5 Lesson 2-2 Analyzing How Transactions Affect Accounts
5 Work Together and On Your Own
5 Application
5 Lesson 2-3 Analyzing How Transactions Affect Owner’s Equity
5 Work Together and On Your Own
5 Application
5 Application 2-4
5 Mastery 2-5
5 Challenge 2-6
5 Chapter 2 Test
Week 5-6 Chapter 3: Journalizing Transactions
5 Lesson 3-1 Journals, Source Documents, and Recording Entries in a Journal
5 Work Together and On Your Own
5 Application
5 Lesson 3-2 Journalizing Buying Insurance, Buying on Account, and Paying on Account
5 Work Together and On Your Own
5 Application
5 Lesson 3-3 Journalizing Transactions that Affect Owner’s Equity and Receiving Cash on Account
5 Work Together and On Your Own
5 Application
5 Lesson 3-4 Proving and Ruling a Journal
5 Work Together and On Your Own
5 Application 3-5
5 Mastery Problem 3-6
5 Challenge Problem 3-7
5 Chapter 3 Using Source Documents
5 Chapter 3 Test
Week 7-8 Chapter 4: Posting to a General Ledger
5 Lesson 4-1 Preparing a Chart of Accounts
5 Work Together and On Your Own
5 Application
5 Lesson 4-2 Posting Separate Amounts form a Journal to a General Ledger
5 Work Together and On Your Own
5 Application
5 Lesson 4-3 Posting Column Totals form a Journal to a General Ledger
5 Work Together and On Your Own
5 Application
5 Lesson 4-4 Completed Accounting Forms and Making Correcting Entries
5 Work Together and On Your Own
5 Application
5 Mastery 4-5
5 Challenge 4-6
5 Chapter 4 Using Source Documents
5 Chapter 4 Test
Week 9-11 Chapter 5: Cash Control Systems
5 Lesson 5-1 Checking Accounts
5 Work Together and On Your Own
5 Application
5 Lesson 5-2 Bank Reconciliation
5 Work Together and On Your Own
5 Application
5 Lesson 5-3 Dishonored Checks and Electronic Banking
5 Work Together and On Your Own
5 Application
5 Lesson 5-4 Petty Cash
5 Work Together and On Your Own
5 Application
5 Mastery 5-5
5 Challenge 5-6
5 Chapter 5 – Reinforcement Activity 1A
5 Chapter 5 Test
Week 12-13 Chapter 6: Work Sheet for a Service Business
5 Lesson 6-1 Creating a Work Sheet
5 Work Together and On Your Own
5 Application
5 Lesson 6-2 Planning Adjusting Entries on a Work Sheet
5 Work Together and On Your Own
5 Application
5 Lesson 6-3 Extending Financial Statement Information on a Work Sheet
5 Work Together and On Your Own
5 Application
5 Lesson 6-4 Finding and Correcting Errors on the Work Sheet
5 Work Together and On Your Own
5 Application
5 Mastery 6-5
5 Challenge 6-6
5 Chapter 6 Test
Week 14-15 Chapter 7: Financial Statements for a Proprietorship
5 Lesson 7-1 Preparing an Income Statement
5 Work Together and On Your Own
5 Application
5 Lesson 7-2 Balance Sheet Information on a Work Sheet
5 Work Together and On Your Own
5 Application
5 Mastery 7-3
5 Challenge 7-4
5 Chapter 7 Test
Week 16-17 Chapter 8: Recording Adjusting and Closing Entries for a Service Busn
5 Lesson 8-1 Recording Adjusting Entries
5 Work Together and On Your Own
5 Application
5 Lesson 8-2 Recording Closing Entries
5 Work Together and On Your Own
5 Application
5 Lesson 8-3 Preparing a Post-Closing Trial Balance
5 Work Together and On Your Own
5 Application
5 Mastery 8-4
5 Challenge 8-5
5 Chapter 8– Reinforcement Activity 1B
5 Chapter 8 Test
GRADING POLICY
Each Application, simulation or test is given a point value. Points earned are added up and divided by total points possible for a percentage. Students may earn “extra credit” points to improve grade provided their regularly assigned work is complete. An unexcused absence qualifies as a zero for the day and no make-up work or exams will be allowed. An excused absence qualifies for full make-up within two days or the absence. All make-up work/late work will be completed before the next exam of no credit will be given. Late work will be strictly penalized at the discretion of the instructor. It is the student’s responsibility to obtain and complete all make-up work in the allotted time.
· Daily Applications and Quizzes
· Problem and Objective Tests
· Reinforcement Activities
· Class Participation
· Final Grades will be based on:
A = 97-100%
A- = 94-96%
B+ = 91-93%
B = 88-90%
B- = 85-87%
C+ = 82-84%
C = 78-81%
C- = 75-77%
D+ = 73-74%
D = 71-72%
D- = 70
F = Below 70
4
Stueve – September 2008