Accounting 1

Course Description:   Accounting I  is designed to build a basic understanding of manual and automated accounting principles, concepts and procedures. Activities include using the accounting equation, completing the accounting cycle, entering transactions to journals, posting to ledgers, preparing end‐of‐period statements and reports, managing payroll systems, completing banking activities, calculating taxes and performing other related tasks.  

Ready to gain training or skills employers are wanting?  Take Accounting!  

• 10-12 grades, no prerequisite, 1 credit

• 3 credit hours of Dual Credit are offered through CMU (10th grade and above)

• Complete the accounting cycle for a single owner business and a merchandising corporation.

• Analyze documentaries about accounting fraud.

Materials

• Binder

• Pencil and Eraser

Accounting I Topics 

• Learn terminology related to the accounting cycle.

• Learn the steps and procedures for the accounting cycle.

• Learn the purpose of accounting, its principles, and how to apply the accounting equation to business transactions.

• Perform the accounting cycle for a proprietorship.

• Perform procedures with checking accounts and petty cash fund.

• Perform payroll procedures.

• Learn Google Sheets and Miccrosoft Excel to complete the accounting forms.

Join FBLA!

Taking this class makes you eligible for FBLA membership!  Travel, Compete, Leadership Skills, Networking and Friendships!

Related Contests:  Accounting I, Accounting II, Business Calculations, Introduction to Financial Math, Economics, Securities and Investments, Spreadsheet Applications, Banking & Financial Systems, Business Financial Plan

Cluster: Finance

Course Objectives: DESE.Accounting.Objectives

Important Links

Accounting 1 (AC201) Syllabus