Name of course: Accounting I (college credit)
Length of course: One year
Required/elective: Elective Grade level: 10-12
Instructor: Matt Schafer (matt_schafer@rsd.k12.or.us)
(503) 556-4215
Text used: Century 21 Accounting (first-year course) 6th ed.
Supplies needed: computer, pencil, paper, notebook, textbook, calculator, ruler
OVERVIEW:
Accounting I is an introductory course. Areas that will be covered in this class
include an introduction to basic accounting terms and procedures including activities
involving the accounting cycle. Students will be exposed to accounting procedures
for both proprietorships and partnerships. Students will learn to use Microsoft
Excel 2007 extensively in order to construct financial instruments to facilitate the
accounting process. Finally, students will learn how to accurately fill out the
following tax forms: 1040EZ, 40S, and a W4. College credit will be available
through Clatsop Community College and/or Lower Columbia College for those who qualify.
CONTENT:
Accounting terms and the language of business.
Accounting cycle for sole proprietorships and partnerships dealing with
service and merchandising businesses.
Use of Excel 2007 in conjunction with common accounting tasks.
Basic banking and cash control.
Payroll preparation.
Accounting and its effects on management decisions.
Accounting careers.
Appreciate/demonstrate work skills such as accuracy, quality, working as a
team, dependability, honesty and decision-making.
COURSE COMPETENCIES:
Be able to compare and contrast the three major types of business entities.
Use Excel to automate multiple accounting environments.
Be able to state the accounting equation and describe how it is affected by business transactions.
Be able to classify typical accounts, distinguish permanent from temporary
accounts, and determine the normal balance of accounts.
Be able to demonstrate and describe all of the steps in the accounting cycle.
Be able to identify the components of the income statement, statement of
owners equity, and balance sheet.
Be able to explain relationships between control accounts, subsidiary
accounts, and the general ledger.
Be able to reconcile a bank statement and record the associate entries.
Be able to describe internal control procedures for cash.
Be able to work effectively in a collaborative environment to arrive at
solutions to problems.
Grading scale:
100-90% = A
89-80% = B
79-70% = C
69-60% = D
59% = F
Grading Policy:
Students are expected to be in class and hand in assignments on time. Students may turn
in assignments up to one week late for 70% (maximum) credit. After that, 50% (maximum)
credit may be earned up until the day before each grading period. (There are 8)
There will be two assignments each quarter, however, that will have an inflexible due date
and will not be accepted after the due date. I'll let you know what these are.
If you miss a test, you must make arrangements to make it up before the next test is given.
Extremely special circumstances will be handled on a case-by-case basis.
Absence Policy:
If a student is absent (excused) from class (parent/guardian must notify school),
he/she will have the number of days absent to make up the work. If the
absence is unexcused, the student will have the opportunity to make up the work,
but it will not be accepted for a grade. Your presence in this class is very
important. If a student is absent more than two days in a row, the parent/guardian
should call the school and request homework be sent to the office.
Pre-arranged absences due to school function or personal need should be announced
to the teacher at least two days in advance. The student is to turn in the
assignment immediately upon return or the assignment will be counted as late.