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HS Accounting Fundamentals, v2

1.0 Carnegie Unit 

Instructor: Roxanne Wright

Instructor Photo

Instructor Information:

I am a high school Business and Technology teacher at Oxford High School located in Oxford, Mississippi. I have a AAA teaching license issued by the Mississippi Department of Education.

I have been teaching for approximately 9 years and love every moment. I am currently a doctoral student pursing a PhD in Educational Technology.

I believe there are important learning moments for every student; every student is successful in their own unique way. Therefore, strive and be persistent and success is awaiting you.

Miss Wright

Contact Information:

If you have questions concerning the content of the course, you may contact the instructor directly using the email link in the "Communications & Tools" tab. NOTE: Whenever sending an email, please be sure to indicate your Course title and number in the subject line (ie, AP Art History).

For lesson or test administration issues, please contact the HS department:

The University of Mississippi High School
P. O. Box 7959
University, MS 38677-0729

Phone: 662-915-1296
Fax: (662) 915-5138
E-mail: UMHS@olemiss.edu

Course Description:

Accounting is an essential aspect of every business institution and organization. As future workers, small business owners, and entrepreneurs, students who understand basic accounting principles will more knowledgeably manage their companies' financial resources. As citizens, future parents, and investors, these students will be better prepared to make the economic decisions that will positively impact their communities and make the financial decisions that will affect their own economic futures.

Accounting I will allow students to learn accounting terminology, principles, and procedures as they relate to a single proprietorship, a partnership, and a corporation. The study of accounting will prepare students for accounting careers and for personal use, as well as provide opportunities for further study.

TEXTBOOK

Required Textbook:

Fundamentals of Accounting 8E Course 1. by Gilbertson, Lehman, and Ross. 2006 Thomson South-Western.

ISBN 0-538-72808-6

It is the student's responsibility to order his or her textbook. Online textbook retailers such as Amazon.com, ABEbooks.com, or Half.com usually provide used textbooks at economical prices.

You must make sure you are ordering the exact book required in this syllabus.

Course Objectives include (but are not limited to):

  1. Identify accounting concepts and practices related to a service business organized as a proprietorship:
    • Classify accounts used within a business organized as a proprietorship.
    • Analyze how business transactions increase/decrease accounts within a service business.
    • Analyze, journalize, and post business transactions related to a proprietorship.
    • Apply accounting principles to prepare a worksheet and financial statements(income statement and balance sheet) for the end-of-fiscal period for service business organized as a proprietorship.
    • Apply accounting principles and explain the purposes of the adjusting and closing processes.
    • Calculate, journalize, and post entries necessary to perform both processes and prepare end-of-fiscal period reports.
    • Identify and explain procedures used in a cash control system for a service business organized as a proprietorship.
  2. Identify accounting concepts and practices related to a merchandising business, organized as a partnership.
    • Analyze, journalize, and post business transactions related to a merchandising business.
    • Identify, classify, and determine the normal balance of all cost and revenue accounts.
    • Prepare and maintain payroll records. Identify, review, and apply accounting principles in preparing a worksheet and financial statements (income statement, distribution of net income statement, owner's equity statement, and balance sheet) for a merchandising business.
    • Review and apply accounting principles in performing closing procedures for a merchandising business organized as a partnership.
  3. Identify accounting concepts and practices related to a business organized as a corporation.

Course Outline:

You will find 10 units that comprise this course, and each unit will be set up in the same basic format. Most units are designed to take approximately one week to complete, and each unit will have a Unit To Do List as the top page when you click on the unit folder. On this page, you will find a checklist of assignments and directions that will help you to complete the unit. Use this as your guide to the kinds of materials and assignments (discussions, dropbox assignments, quizzes, etc.) you will be asked to participate in for that unit. There is one proctored final exam in the course.

Part
Week Assigned Readings Due for Grades
1
Week 1 Assignments 1-1 through 1-3
Self Checks, Activities, Quiz
  Week 2 Assignments 2-1 through 2-3
Self Checks, Activities, Quiz, Extra credit
  Week 3 Assignments 3-1 through 3-2
Self Checks, Activities, Quiz
  Week 4 Assignments 3-3 through 3-4
Self Checks, Activities, Quiz
  Week 5 Assignments 4-1 through 4-2
Self Checks, Activities, Quiz
  Week 6 Assignments 4-3 through 4-4
Self Checks, Activities, Quiz
  Week 7 Assignments 5-1 through 5-2
Self Checks, Activities, Quiz
  Week 8 Assignments 5-3 through 5-4
Self Checks, Activities, Quiz
  Week 9 Proctored Exam
Exam 1
  Week 10 Assignments 6-1 through 6-2
Self Checks, Activities, Quiz
  Week 11 Assignments 6-3 through 6-4
Self Checks, Activities, Quiz
  Week 12 Assignments 7-1 through 7-2
Self Checks, Activities, Quiz
  Week 13 Assignments 8-1 through 8-2
Self Checks, Activities, Quiz
  Week 14 Assignment 8-3
Self Checks, Activities, Quiz
  Week 15 Proctored Exam
Exam 2
2
Week 16 Assignments 9-1 through 9-2
Self Checks, Activities, Quiz
  Week 17 Assignments 9-3 through 9-4
Self Checks, Activities, Quiz
  Week 18 Assignments 10-1 through 10-3
Self Checks, Activities, Quiz
  Week 19 Assignments 11-1 through 11-3
Self Checks, Activities, Quiz
  Week 20 Assignments 11-4 through 11-5
Self Checks, Activities, Quiz
  Week 21 Proctored Exam
Exam 3
  Week 23 Assignments12-1 through 12-2
Self Checks, Activities, Quiz
  Week 24 Assignments 12-3 through 12-4
Self Checks, Activities, Quiz
  Week 25 Assignments 13-1 through 13-2
Self Checks, Activities, Quiz
  Week 26 Assignments 13-3 through 13-4
Self Checks, Activities, Quiz
  Week 27 Proctored Exam
Exam 4
  Week 28 Assignments 14-1 through 14-2
Self Checks, Activities, Quiz
  Week 29 Assignments 14-3 through 14-4
Self Checks, Activities, Quiz
  Week 30 Assignments 14-5 through 14-6
Self Checks, Activities, Quiz
  Week 31 Assignments 15-1 through 15-2
Self Checks, Activities, Quiz
  Week 32 Assignments 15-3 through 15-4
Self Checks, Activities, Quiz
  Week 33 Assignments 16-1
Self Checks, Activities, Quiz
  Week 34 Assignments 16-2
Self Checks, Activities, Quiz
  Week 35 Assignments 16-3
Self Checks, Activities, Quiz
  Week 36 Proctored Exam
Exam 5

Grading Scale:

93 - 100% = A
85 - 92% = B
75 - 84% = C
70 - 74% = D
Below 69% = F

The grading format is as follows:

Self Checks 5%
Assignments 25%
Quizzes 30%
Exams 40%