Accounting

In this unit, students will explore the role of accounting in business and everyday life. Topics include net worth, financial position, the accounting equation, and the impact of financial transactions on businesses. Ethical decision-making is introduced and reinforced throughout the course.

In this unit, students will learn how businesses analyze financial transactions and classify accounts. Emphasis is placed on understanding debits, credits, and the effects transactions have on financial records.

In this unit, students will be introduced to the double-entry accounting system and the use of journals to record business activities. The importance of accurate recordkeeping and source documents will also be explored.

In this unit, students will learn how financial information is transferred from journals to ledgers and how businesses organize and maintain account balances.

In this unit, students will examine procedures businesses use to manage and safeguard cash. Topics include petty cash systems, banking procedures, and bank reconciliations.

In this unit, students will learn how businesses organize financial information and prepare worksheets used in the accounting cycle. They will explore adjusting entries, fiscal periods, and procedures used to ensure financial records remain accurate and complete.

In this unit, students will prepare and analyze key financial statements used by businesses to evaluate performance and communicate financial information to stakeholders.

In this unit, students will learn the purpose of closing procedures and how businesses complete the accounting cycle at the end of a fiscal period. Emphasis is placed on the relationship between temporary and permanent accounts.

In this unit, students will apply accounting concepts and procedures through a comprehensive business simulation that mirrors the financial activities of a sole proprietorship.

In this unit, students will explore accounting practices used by businesses that purchase and sell products. Topics include inventory, purchasing activities, and the differences between service and merchandising businesses.

In this unit, students will examine sales transactions, cash receipts, and customer accounts while learning how merchandising businesses track and manage revenue.

In this unit, students will continue developing accounting skills related to merchandising businesses, including the recording of specialized transactions such as returns and allowances.

In this unit, students will be introduced to payroll procedures and employee compensation. Topics include wage calculations, payroll records, and payroll documentation.

In this unit, students will examine employer payroll responsibilities, including payroll taxes, reporting requirements, and the accounting procedures associated with employee compensation.