Text= Glencoe Accounting: Real-World Applications & Connections

Unit 1

Unit Topic:  Introduction to Accounting

Chapter 1

You and the World of Accounting

Chapter 2

The World of Business and Accounting

Unit 2

Unit Topic:  The Basic Accounting Cycle

Chapter 3

Business Transactions and the Accounting Equation

Chapter 4

Transactions that Affect Assets, Liabilities, and Owner’s Equity

Chapter 5

Transactions that Affect Revenue, Expenses, and Withdrawals

Chapter 6

Recording Transactions in a General Journal

Chapter 7

Posting Journal Entries to General Ledger Accounts

Mini Practice Set 1

Canyon.com Web Sites

Chapter 8

The Six-Column Work Sheet

Chapter 9

Financial Statements for a Sole Proprietorship

Chapter 10

Completing the Accounting Cycle for a Sole Proprietorship

Chapter 11

Cash Control and Banking Activities

Mini Practice Set 2

Fast Track Tutoring Service

Business Simulation

Adventure Travels

Unit 6

Unit Topic: Accounting for Partnerships

Chapter 27

Introduction to Partnerships

Chapter 28

Financial Statements and Liquidation of a Partnership

Mini Practice Set 6

Fine Finishes

Unit 3

Unit Topic:  Accounting for a Payroll System

Chapter 12

Payroll Accounting

Chapter 13

Payroll Liabilities and Tax Records

Mini Practice Set 3

Green Thumb Plant Service

Unit 4

Unit Topic:  The Accounting Cycle for a Merchandising Corporation

Chapter 14

Accounting for Sales and Cash Receipts

Chapter 15

Accounting for Purchases and Cash Payments

Chapter 16

Special Journals: Sales and Cash Receipts

Chapter 17

Special Journals: Purchases and Cash Payments

 

 

Course Description:  Students will learn about accounting careers and double-entry accounting which includes analyzing transactions to determine debits and credits, journalizing transactions and posting to a ledger, then taking a trial balance, preparing financial statements and closing the ledger—all for a sole proprietorship and for a partnership.  Practical application will take place through the use of Mini Practice Sets, the Adventure Travels Simulation and the use of Accounting Software.

Course Objectives:

The Student will:

1.     Know accounting terminology related to accounting systems for a service business (sole proprietorship & partnership).

2.     Understand accounting concepts and practices related to an accounting system for a service business (sole proprietorship & partnership).

3.     Become proficient with math and calculating skills related to accounting.

4.     Become acquainted with automated accounting procedures.

5.     Take financial data and use it to interpret and analyze financial conditions of business.

Major Assignments/Quizzes

1.     Application problems with each chapter.

2.     Application quiz/test with each chapter.

3.     Chapter questions

4.     Mini Practice Sets and Business Simulation.

 

Evaluation/Grading**

Student performance will be evaluated on a regular basis during class time.  Assignments, projects, and exams will be translated to points earned.  Grades are calculated on a percentage system based on total possible points.

 

Letter Grade

Percentage

Letter Grade

Percentage

A

93-100

C

73-76

A-

90-92

C-

70-72

B+

87-89

D+

67-69

B

83-86

D

63-66

B-

80-82

D-

60-62

C+

77-79

NC

59 or below

 

**This class is articulated with the Alexandria Technical College and allows PPHS students to attain college credit with a grade of B or better.

 

Contact Information:

Mr. Todd Tumberg

Email: ttumberg@pp.k12.mn.us

Phone: (218) 338-6011, x102