Accounting I SyllabusInstructor’s name and contact information:Mrs. Kerry LockwoodRoom 600klockwood@mtpleasant.edzone.net989 775-2200 ext. 20600

General Purpose of the course:The course is designed to give students a thorough background in the basic accounting procedures used to operate a business. The accounting procedures presented will also serve as a sound background for employment in office jobs and preparation for studying business courses in college. Students will become acquainted with the principles of double entry bookkeeping including the preparation of financial statements for sole proprietorship, partnership and corporate businesses.

The objective of this class is to prepare students for jobs requiring a basic knowledge of business records and to introduce the fundamentals of accounting for students who wish to go into advanced work in this field. There is also a personal use objective that can be attained from this class. This class is intended to be a hands-on learning experience. It requires the student to read the text, listen to a limited amount of lecture, and a great deal of “doing” accounting work in class. Most students will have little homework if class time is spent productively. Students with gain the technical and procedural skills required in accounting departments of today's businesses.  The student will not only be trained in basic accounting principles but will also become proficient in automated systems and advanced applications which require greater analysis and decision making. Students will work through an accounting cycle for a proprietorship, partnership, and merchandising businesses.

Course Outcomes:The students will be able to:

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Trimester 1:

Marking Period 1:Chapter 1: Define the accounting process Describe the role of accountants Explain accounting concepts and principles Discuss the concept of the accounting equation Use the accounting equation to analyze basic transactions in

terms of increases and decreases Reporting financial information on a balance sheetChapter 2: Determine how transactions change owner’s equity in an

accounting equation Reporting a changed accounting equation on a balance sheetChapter 3: Analyze transactions using T-accounts and using debits and

credits Use debits and credits to record increase and decreases in

accountsChapter 4: Record journal entries in a 5-column journal Define accounting terms related to journalizing transactions Prove and rule a five-column journal and prove cash

Marking Period 2:

Chapter 5: Prepare a chart of accounts and opening accounts Post separate amounts from a journal to a general ledger Post column totals from a journal to a general ledger Make correcting entriesChapter 6: Reconcile a bank statement and record bank service charges,

dishonored checks, and petty cash transactionsReinforcement 1A

Trimester 2:

Marking Period 3:

Chapter 7: Describe and prepare the work sheet Plan and adjust entries on a work sheet Extend financial statement information on a work sheet

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Find and correct errors on a work sheetChapter 8: Describe the content and purpose of the three basic financial

statements and how they are related Prepare financial statements directly from the work sheet with a

net income and a net lossTeam Project Two (Financial Statements)Rico Sanchez, Disc Jockey Simulation

Marking Period 4:Chapter 9: Journalize and post adjusting entries Journalize and post closing entries and prepare a post-closing

trial balanceReinforcement 1BChapter 10: Describe the nature of merchandising business Describe and be able to journalize purchases of merchandise for

cash Describe and be able to journalize purchases of merchandise on

account and buying of supplies Describe and be able to journalize cash payments and other

transactionsChapter 11: Journalizing sales (compute sales tax) and cash receipts Describe the concept of subsidiary ledgers Journalize and post using accounts payable subsidiary ledgers Journalize and post using accounts receivable subsidiary ledgers

Trimester 3:Marking Period 5:

Chapter 12: Prepare payroll records Preparing payroll time cards Calculating employee total earnings Determining payroll tax withholding Preparing payroll checksChapter 13: Record, and journalize the payroll for a merchandising business Record employer payroll taxesChapter 14: Reporting, and paying withholding and payroll taxes Prepare a worksheet for a merchandising business Analyzing and adjusting the Merchandise Inventory account Analyzing and adjusting the Supplies account Analyzing and adjusting the Prepaid Insurance account

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Chapter 15: Prepare a multiple-step income statement for a merchandising

business Analyzing component percentages of income statements

showing net income and net loss Prepare a distribution of net income and owner’s equity

statements Prepare a classified balance sheet

Marking Period 6:Chapter 16: Prepare adjusting and closing entries for a merchandising

business Prepare a post-closing trial balance for a merchandising businessUnique Global ImportsUpdate résumé

Affective Objectives:The students will: Develop business-like attitudes and work habits Demonstrate the ability to follow oral and written directions Be responsible for regular attendance and punctuality Be responsible for personal supplies needed in class and careful

use of school materials

Evaluation/Assessments and Grading Procedures:

BMMT GRADING SYSTEM

Each marking period’s grade is based on the following:1. Tasks/Assignments 25%2. Practice Tests 35%

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3. Assessments 40%

Materials Supplied:Once you lose these you pay for themJ

1. Textbook2. Online working papers code3. Practice Sets

Textbook: South-Western Century 21 Accounting. Multicolumn Journal--10th EditonSoftware: Automated Accounting 8.1Software: Intuit QuickBooks 2012Software: Aplia.com Online Working Papers

LEADERSHIP OPPORTUNITIES:Students have the opportunity to participate in the Regional Business Professionals of America Competition. Students also have the opportunity to become the Chief Financial Officer of Miles for Miracles

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EXPLORE FUTURE CAREER OPPORTUNITIESCareer Cruising-offers many tools to help you plan your future. You can explore careers, get information on colleges and technical training, write a resume, take a self-assessment, work on your EDP, etc.-www.careercruising.com.

O*Net OnLine – is a great tool for career exploration and job analysis! It has detailed descriptions of careers including salary ranges and projected job growth. - www.onetonline.org

Michigan Works - The Michigan Works! system is open to everyone for information gathering, local and state labor market information, and self-serve career information. The system helps employers find the skilled workers they need, and helps job seekers find good jobs that provide economic self-sufficiency. - www.camwc.org

Mt. Pleasant Area Technical Center – Link to Accounting career information page http://www.mpatc.com/programs/accounting_description.asp

Mock Interview-Students have the opportunity to attend the Mock Interview day at Central Michigan University. They will interview and be critiqued by a person in the field. They will have their resume and cover letter critiqued as well. There are break-out sessions available for the students related to career development.

EARN COLLEGE CREDIT

Completion of the Accounting/Finance program prepares students for entry level jobs and possible college credit. Students may apply for articulation credit with the following colleges and universities. The maximum number of articulated college credits available as of 2011-2012 is listed.

Baker College – Up to 4 credits – www.baker.edu

Davenport University – Up to 6 credits - www.davenport.edu

Delta College – Up to 4 credits - www.delta.edu

Ferris State University – Up to 3 credits – www.ferris.edu

Mid Michigan Community College – Up to 4 credits – www.midmich.edu

Montcalm Community College – Up to 7 credits – www.montcalm.edu

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