Advisory 4 (part-time students)
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High School
Accounting
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In this Accounting course, students will explore accounting, including investigating accounting careers. Students will learn basic accounting skills and procedures, both with and without a computer, for general journals, general ledgers, cash payments journals, cash receipts journals, sales journals, accounts payable ledgers, and accounts receivable ledgers. Students will also learn how to reconcile a bank statement and to prepare payroll records. This course covers the basic principles of financial accounting for individuals and for companies with attention to both the mathematical formulas and to the ethical side of accounting.
Major Topics and Concepts
Finding the Right Career
The Business Environment
The Accounting System
Accounting & Computers – Introduction
Accounting & Computers – Formulas
Beginning the Accounting Cycle
Property and Financial Claims
Transactions that Affect an Owner’s Investment, Cash, and Credit
Transactions That Affect Revenue, Expenses, and Withdrawals by the Owner
The Double Entry Accounting System
Applying the Rules of Debit and Credit
Relationship of Revenue, Expenses, and Withdrawals to Owner’s Equity
Applying the Rules of Debit and Credit to Revenues, Expenses, and Withdrawal Transactions
Recording Transactions in the General Journal
Completing the Accounting Cycle Posting Journal Entries to General Ledger Accounts
The Six-Column Worksheet
Financial Statements for a Sole Proprietorship
Completing the Accounting Cycle
Cash
Control and the Payroll System
Banking Procedures • Define cash control.
Reconciling the Bank Statement
Calculating Gross Earnings
Payroll Deductions
Payroll Records
Journalizing and Posting Payroll
Employer’s Payroll Taxes
Tax Liability Payments and Tax Reports
Accounting and Ethics
Competencies
Foundations of Accounting
Students will demonstrate an understanding of foundations of accounting by explaining the function of accountants, describing the role of accounting, explaining the importance of ethics in accounting, and describing the role of accounting formulas and software.
Accounting Cycle Fundamentals
Students will demonstrate an understanding of accounting cycle fundamentals by describing types of claims and transactions, explaining the Impact of transactions, explaining the rules of debit and credit, and describing the role of the double-entry accounting system.
Accounting Cycle Process
Students will demonstrate an understanding of the accounting cycle process by describing the process of posting journal entries, explaining the function of financial statements, and explaining the impact of closing entries.
Cash Control and Payroll System Fundamentals
Students will demonstrate an understanding of cash control and payroll system fundamentals by describing the elements of banking, explaining payroll tasks and procedures, and describing types of employment taxes.
Ethical Accounting Standards
Students will demonstrate an understanding of ethical accounting strategies by explaining the role of the problem statement, describing the process of investigation, and describing factors leading to solutions.
