Accounting

This first course covers the basics of bookkeeping and the principles of accounting. Accounting is the language of business and in this course all areas of bookkeeping are explored as the student develops a knowledge of the system and cycle that every business uses to keep track of its financial affairs. Upon successful completion of this course, the student will have shown competency in: (1) mastery of the basic principles of bookkeeping/accounting (2) completion of bookkeeping functions such as journalizing and posting (3) workable knowledge of the tools of accounting such as balance sheets, income statements, ledgers, and journals.
Textbooks: Century 21 Accounting, Century 21 Accounting Workbook: Chapters 1-28
Other Needs: Calculator

COMPETENCY GOAL 1: Students will demonstrate the skills necessary to recordbusiness transactions and analyze the financial condition of a service business organized as a proprietorship. Objectives:

• Analyze Transactions into Debit and Credit Parts.
• Journalize transactions.
• Post transactions in a General Ledger.
• Prepare Financial Statements for a Proprietorship from a worksheet.
• Prepare End-of-Fiscal-Period Activities:Adjusting and Closing entries.

COMPETENCY GOAL 2:  Students will demonstrate accounting procedures used in an accounting system for a merchandising business organized as a partnership. Objectives:

• Journalize transactions for a merchandising business organized as a partnership:purchase and cash payments; sales and cash receipts.
• Post to General and Subsidiary Ledgers.
• Prepare Payroll Records.
• Prepare financial statements for a merchandising business.
• Record End-of-Fiscal-Period Activities:Adjusting and closing entries for a partnership.

COMPETENCY GOAL 3: Students will demonstrate accounting procedures used in an accounting system for merchandising business organized as a corporation. Objectives:

• Record transactions for a corporation using Special Journals.
• Distribute Dividends; prepare financial statements and End-of-Fiscal period activities for a corporation.
• Prepare accounting for:
• Uncollectible Accounts Receivable
• Plant Assets and Depreciation
• Inventory
• Notes and Interest
• Accrued Revenue and expenses

COMPETENCY GOAL 4: The learner will use relations and functions to solve problems. Objectives:

• Use linear functions or inequalities to model and solve problems; justify results.
• Solve using tables, graphs, and algebraic properties.
• Interpret constants and coefficients in the context of the problem.
• Graph, factor, and evaluate quadratic functions to solve problems.
• Use systems of linear equations or inequalities in two variables to model and solve problems. Solve using tables, graphs, and algebraic properties; justify results.
• Graph and evaluate exponential functions to solve problems.