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 Important Links

Important Links:

  • Click here for an overview of the textbook.

  • Students: click here to log into your online textbook.

  • Students: click here to access the student companion site that has a number of different resources to support your learning.

Accounting II Important Links

Important Links:

  • Click here for an overview of the textbook.

  • Students: click here to log into your online textbook.

  • Students: click here to access the student companion site that has a number of different resources to support your learning.

Accounting I Syllabus.pdf

Accounting I Class Expectations

Accounting II Syllabus.pdf

Accounting II Class Expectations

Accounting I Power Standards & Learning Targets

Accounting I Semester I Unwrapping Template - DONE.pdf
Accounting I Semester II Unwrapping Template - DONE.pdf

Accounting II Power Standards & Learning Targets

Check back for this resource!

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:

    1. 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.

    2. 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.

License: Creative Commons 3 - CC BY-SA 3.0Attribution Link: Pix4free.org - link to - https://pix4free.org/Original Author: Nick Youngson - link to - http://www.nyphotographic.com/Original Image: https://www.thebluediamondgallery.com/notepad01/d/deadline.html