Accounting I provides students with the basic knowledge of accounting procedures, including analyzing and journalizing business transactions; constructing worksheets; calculating and recording adjusting entries; preparing financial statements; and finalizing the accounting cycle through closing entries. Special journals, subsidiary accounts, payroll reports, and taxes will also be introduced. Emphasis is placed on service and merchandising businesses in a sole proprietorship or corporate setting. All students, regardless of their chosen career, can benefit from accounting instruction in their personal business affairs. This course is highly recommended for students in grades 10 through 12, considering any business major at the collegiate level.