• Accounting 6320

    Course Syllabus  lazar bar

    Mrs. E. Ashby – Room 2

     

    Description: Students study the basic principles, concepts, and practices of the accounting cycle for a service business and a merchandising business. Topics covered include analyzing transactions, journalizing and posting entries, preparing payroll records and financial statements, and managing cash systems. Ethics and professional conduct are emphasized. Students learn fundamental accounting procedures using both manual and electronic systems. The cooperative education method is available for this course. Students combine classroom instruction and supervised on-the-job training in an approved position with continuing supervision throughout the school year.

    Hardware: Networked IBM computers

     

    Software:   Windows 7, Sage Accounting Software.  Template files which accompany textbook interface problems.

     

    Textbook:  Ross, et al.  Century 21 Accounting, First Year Course.  South-Western Publishing Company.  Cincinnati, Ohio, 2000.

     

    Working papers to accompany the above textbook and Peachtree.

     

    State of Virginia Vocational Competencies
    Competencies as listed satisfy the Articulation Agreement with Blue Ridge Community College.
     

    Workplace Readiness Skills: Personal Qualities and People Skills

    001

    Demonstrate positive work ethic.

    002

    Demonstrate integrity.

    003

    Demonstrate teamwork skills.

    004

    Demonstrate self-representation skills.

    005

    Demonstrate diversity awareness.

    006

    Demonstrate conflict-resolution skills.

    007

    Demonstrate creativity and resourcefulness.

    Workplace Readiness Skills: Professional Knowledge and Skills

    008

    Demonstrate effective speaking and listening skills.

    009

    Demonstrate effective reading and writing skills.

    010

    Demonstrate critical-thinking and problem-solving skills.

    011

    Demonstrate healthy behaviors and safety skills.

    012

    Demonstrate an understanding of workplace organizations, systems, and climates.

    013

    Demonstrate lifelong-learning skills.

    014

    Demonstrate job acquisition and advancement skills.

    015

    Demonstrate time-, task-, and resource-management skills.

    016

    Demonstrate job-specific mathematics skills.

    017

    Demonstrate customer-service skills.

    Workplace Readiness Skills: Technology Knowledge and Skills

    018

    Demonstrate proficiency with technologies common to a specific occupation.

    019

    Demonstrate information technology skills.

    020

    Demonstrate an understanding of Internet use and security issues.

    021

    Demonstrate telecommunications skills.

    All Aspects of Industry

    022

    Examine planning at the level of both an individual business and the overall industry.

    023

    Explain management in terms of methods typically used to manage enterprises over time within the industry, as well as methods for expanding and diversifying workers' tasks and broadening worker involvement in decisions.

    024

    Examine finance in regard to ongoing accounting and financial decisions and different methods for raising capital to start or expand enterprises.

    025

    Describe technical and production skills that cover specific production techniques and alternative methods for organizing the production work, including methods that diversify and rotate workers' jobs.

    026

    Examine the underlying principles of technology that provide an integrated study across the curriculum of the mathematical, scientific, social, and economic principles that underlie the industry's technology.

    027

    Examine labor issues in terms of worker rights and responsibilities, labor unions and labor history, and methods for expanding workers' roles.

    028

    Describe community issues in terms of the impact of the industry on the community and the community's impact on and involvement with the industry.

    029

    Examine concepts of health, safety, and environmental issues in relation to both the workers and the larger community.

    Addressing Elements of Student Life

    030

    Identify the purposes and goals of the student organization.

    031

    Explain the benefits and responsibilities of membership in the student organization as a student and in professional/civic organizations as an adult.

    032

    Demonstrate leadership skills through participation in student organization activities, such as meetings, programs, and projects.

    033

    Identify Internet safety issues and procedures for complying with acceptable use standards.

    Understanding the Accounting Cycle for a Service Business

    034

    Describe the purpose of accounting and the role it plays in the global economy.

    035

    Demonstrate the effects of transactions on the accounting equation.

    036

    Use source documents to journalize transactions.

    037

    Prepare a chart of accounts.

    038

    Prepare customer invoices for a service business.

    039

    Receive vendor invoices for a service business.

    040

    Analyze transactions through the use of T accounts.

    041

    Record transactions in a general journal.

    042

    Post journal entries to the general ledger.

    043

    Prepare a trial balance.

    044

    Plan end-of-period adjustments using a work sheet.

    045

    Prepare financial statements for a service business.

    046

    Prepare entries to close temporary accounts.

    047

    Journalize adjusting and closing entries for a service business.

    048

    Analyze the differences between net income and net loss.

    049

    Prepare post-closing trial balance for a service business.

    050

    Summarize the progression from source documents to journals to ledgers to financial reports for a service business.

    051

    Describe record-organization and retention-schedule procedures for a service business.

    052

    Identify special transactions that require tax review.

    053

    Maintain financial records for a service business, using accounting software.

    054

    Maintain financial records for a service business, using spreadsheet software.

    Understanding the Accounting Cycle for a Merchandising Business

    055

    Compare the accounting procedures for different types of business ownership and business cycles.

    056

    Differentiate between a service and a merchandising business.

    057

    Journalize purchase transactions.

    058

    Record sales transactions for a merchandising business.

    059

    Identify special journals and their uses.

    060

    Journalize taxable and nontaxable sales transactions.

    061

    Post from journals to general and subsidiary ledgers.

    062

    Prepare schedules for subsidiary ledgers.

    063

    Prepare customer invoices for a merchandising business.

    064

    Receive vendor invoices for a merchandising business.

    065

    Generate trial balance and end-of-period adjustments for a merchandising business using a work sheet.

    066

    Prepare financial statements for a merchandising business.

    067

    Analyze financial statements for a merchandising business.

    068

    Prepare to close temporary accounts for a merchandising business.

    069

    Journalize adjusting and closing entries for a merchandising business.

    070

    Prepare post-closing trial balance for a merchandising business.

    071

    Summarize the progression from source documents to journals to ledgers to financial reports for a merchandising business.

    072

    Describe record-organization and retention-schedule procedures for a merchandising business.

    073

    Maintain financial records for a merchandising business, using accounting software.

    074

    Maintain financial records for a merchandising business, using spreadsheet software.

    Understanding Cash Control Systems

    075

    Reconcile a bank statement.

    076

    Journalize banking transactions.

    077

    Maintain petty cash records.

    078

    Maintain a checking account.

    079

    Identify security considerations related to cash control systems.

    080

    Maintain banking records, using accounting software.

    081

    Maintain banking records, using spreadsheet software.

    Implementing Payroll and Payroll Tax Procedures

    082

    Describe methods used to determine gross earnings (e.g., piece-rate, hourly, salary, commission, overtime, bonuses).

    083

    Explain the purposes of withholdings and other deductions.

    084

    Compute employee gross earnings, deductions, and net pay on a payroll register.

    085

    Journalize payroll transactions.

    086

    Maintain employee earnings records.

    087

    Generate payroll checks.

    088

    Identify source documents required for adding and deleting employees from payroll.

    089

    Describe record-organization and retention-schedule procedures for payroll and payroll taxes.

    090

    Prepare employer tax returns.

    091

    Prepare employee tax returns.

    092

    Maintain financial records relating to payroll, using accounting software.

    093

    Maintain financial records relating to payroll, using spreadsheet software.

    Implementing Accounting for Other Scheduled Procedures

    094

    Maintain records for depreciation.

    095

    Analyze records for accounts receivable write-offs.

    096

    Record inventories.

    097

    Maintain records for notes payable and notes receivable.

    098

    Maintain records for prepaids.

    Understanding Accounting and Business Ethics

    099

    Describe confidentiality concepts and policies.

    100

    Identify characteristics of professional conduct.

    Developing Career Exploration and Employability Skills

    101

    Explore career opportunities in accounting.

    102

    Identify personal characteristics of a professional accountant.

    103

    Prepare résumé, including format suitable for online posting.

    104

    Identify the steps to follow in resigning from a position.

    105

    Create a portfolio containing representative samples of student work.

    106

    Identify personal presentation standards expected during interviews


     

     

    Grading:    Grades on individual assignments will be calculated using Augusta County’s grading scale as follows.

    A+

    98-100

     

    C+

    78-79

    A

    92-97

     

    C

    72-77

    A-

    90-91

     

    C-

    70-71

    B+

    88-89

     

    D+

    68-69

    B

    82-87

     

    D

    62-67

    B-

    80-81

     

    D-

    60-61 

                   F  50-59

     

     

     

    Correlated Applicable Standards of Learning (SOL’s)

     

    (as stated in The Correlation of the Standards of Learning for Virginia Public Schools to Vocational-Technical Programs in Virginia and Standards of Learning for Virginia Public Schools)

     
    History and Social Science:     CE.1, CE.3, CE.4, CE.11, CE.12, CE.14, GOVT.1, GOVT.3, GOVT.9,    GOVT.11, GOVT.14, GOVT.15, GOVT.16, GOVT.17, GOVT.18, VUS.14, VUS.15, WG.12, WHII.15

     

    English:            6.2, 6.5, 6.6, 6.7, 7.1, 7.2, 7.6, 7.8, 7.9, 8.6, 8.7, 8.8, 9.2, 9.4, 9.6, 9.7, 9.9, 10.1, 10.7, 10.8, 10.9, 10.10, 10.11, 11.1, 11.2, 11.4, 11.7, 11.8, 11.9, 11.10, 12.4, 12.7

     

    Mathematics:   A.1, A.2, A.3, A.4, AII.13, AII.19, COM.1, MA.6, PS.1, PS.8, PS.9

     

    Science:           ES.1