Accounting
What is Accounting I?
Accounting I is the first of two accounting classes offered at PCM High School and is strongly recommended for anyone interested in studying business in college. Often referred to as "the language of business," the skills learned in Accounting I will help prepare students to be successful in whatever business field they choose to pursue. This course focuses on analyzing, classifying, and recording business transactions in a manual and computerized environment. Emphasis is on the complete accounting cycle and preparing financial statements, bank reconciliations, and payroll. This course also includes accounting for notes, deferrals and accruals, receivables and payables, inventory and plant assets.
Utilizing an online textbook and workbook, this course incorporates real-world concepts in today's environment, with use of the online material.
Assessments for this course will come largely in the form of daily assignments and practice, simulations and projects, and tests and quizzes.
What is Accounting II?
Accounting II is an advanced-level accounting course will cover advanced features of the accounting system. The fundamental principles of accounting will be reinforced, but the course will primarily focus on more advanced accounting concepts and procedures.
Utilizing an online textbook and workbook, this course incorporates real-world concepts in today's environment, with use of the online material.
Assessments for this course will come largely in the form of daily assignments and practice, simulations and projects, and tests and quizzes.
NOTE TO STUDENTS: you cannot take Accounting II if you haven't taken Accounting I, so be sure to take Accounting I early enough in high school to fit Accounting II into your schedule! Accounting II is a one-semester class only offered in the Fall semester, so be sure to leave room for it in your schedule.
Accounting I Class Expectations
Accounting II Class Expectations
Accounting I Power Standards & Learning Targets
Accounting II Power Standards & Learning Targets
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Accounting I Units - What Students Will Learn
Part 1 - Accounting for a Service Business Organized as a Proprietorship:
Ch 1: Starting a Proprietorship: Changes That Affect the Accounting Equation
Ch 2: Analyzing Transactions into Debit and Credit Parts
Ch 3: Journalizing Transactions
Ch 4: Posting to a General Ledger
Ch 5: Cash Control Systems
Ch 6: Work Sheet and Adjusting Entries for a Service Business
Ch 7: Financial Statements for a Proprietorship
Ch 8: Recording Closing Entries and Preparing a Post-Closing Trial Balance for a Service Business
Part 2 - Accounting for a Merchandising Business Organized as a Corporation:
Ch 9: Accounting for Purchases and Cash Payments
Ch 10: Accounting for Sales and Cash Receipts
Ch 11: Transactions Journalized on a General Journal
Ch 12: Preparing Payroll Records
Ch 13: Accounting for Payroll and Payroll Taxes
Ch 14: Accounting for Uncollectible Accounts Receivable
Ch 15: Preparing Adjusting Entries and a Trial Balance
Ch 16: Financial Statements and Closing Entries for a Corporation
Ch 17: Financial Statement Analysis
Part 3 - Accounting for a Merchandising Business Organized as a Corporation -- Adjustments & Validation:
Ch 18: Acquiring Capital for Growth and Development
Ch 19: Accounting for Plant Assets, Depreciation, and Intangible Assets
Ch 20: Accounting for Inventory
Ch 21: Accounting for Accruals, Deferrals, and Reversing Entries
Ch 22: End-of-Fiscal-Period Work for a Corporation
Part 4 - Additional Accounting Procedures:
Ch 23: Accounting for Partnerships
Ch 24: Recording International and Internet Sales
Accounting II Units - What Students Will Learn
Review of Accounting I:
Ch 1: Recording Departmental Purchases and Cash Payments
Ch 2: Recording Departmental Sales and Cash Receipts
Ch 3: Calculating and Recording Departmental Payroll Data
Corporation Accounting:
Ch 10: Organizing a Corporation
Ch 11: Corporate Dividends and Treasury Stock
Ch 12: Accounting for Bonds
Ch 13: Financial Reporting and Analysis for a Corporation
Ch 14: Statement of Cash Flows
Management Accounting:
Ch 15: Budgetary Planning and Control
Ch 16: Management Decision Making Using Cost-Volume-Profit Analysis
Ch 17: Job Order Costing
Ch 18: Management Decision Making Using Differential Analysis
Ch 19: Other Costing Methods
Internal Control and Other Organizational Structures:
Ch 20: Internal Control
Ch 21: Organizational Structure of a Partnership
Ch 22: Financial Reporting for a Partnership
Ch 23: Budgeting and Accounting for a Not-for-Profit Organization
Ch 24: Financial Reporting for a Not-for-Profit Organization
Class Expectations
Be kind and respectful - to yourself and others
Be prepared
Bring your computer each day, and be sure it's charged
Be on time
Food is not permitted in the classroom
Beverages must have a lid on them
Required materials:
Charged Chromebook with Mindtap account (provided by the district)
Completed assignments
Calculator (classroom calculators are available if needed)
Positive, contributing, motivating attitude
Late Work Policy - Deadlines
As a CTE (Career & Technical Education) Teacher, one of the things I emphasize in my classroom is helping students prepare for post-secondary success. In Accounting I & Accounting II, the main "employability skill" focus is on meeting deadlines. As such, the following late work policies apply:
For daily assignments:
Daily assignments not completed by the due date will have 10% of their earned score deducted each day a project is late, until an assignment is worth 0 points. Late work deductions will begin 1 day after the assigned due date to allow students the opportunity to finish their late work during WIN.
For projects:
Each project will have 2 separately graded components:
How well the project demonstrates mastery of the content and includes the required components. Projects not completed by the due date will have 10% of their earned score deducted each day a project is late, until a project is worth 0 points. Late work deductions will begin 1 day after the assigned due date to allow students the opportunity to finish their late work during WIN.
Whether or not the project met the deadline. This component is worth 10 points - students will receive 10/10 if their project was completed by the due date and 0/10 if their project was not completed by the due date. This grade is separate from the actual project score; this grade will not be improved even if the project is turned in late.
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