Little - Accounting I

SYLLABUS

Howard High School / Financial Management - Accounting

Fall 2012 COURSE SYLLABUS PROGRAM CONCENTRATION: Business & Computer Science

CAREER PATHWAY: Accounting COURSE TITLE: Accounting I

CLASS WEB PAGE: www.edmodo.com

Teacher: Susan Little Email: [email protected] Room Number: 408 Phone Number: 478.779.4934 Semester: Fall 2012 Tutorial Days: by appointment Textbook: Century 21 Multicolumn Accounting Tutorial Hours: by appointment Textbook Price: n/a Tutorial Location: 408 Department Philosophy: The Career Technology Education Department believes that education’s most important function is to provide all students with the skills needed for post-secondary and careers. This is accomplished by providing interest-based programs that meet industry standards.

Course Description: Anyone who deals with any phase of business can benefit from an understanding of basic accounting principles covered in this first-year course. Students planning to attend college will find a high school introduction to the subject helpful. Students planning to operate their own business will find this course a must. Students will learn how to work with journals, ledgers, balance sheets, and income and capital statements of a self-owned business. You will assume the role of an accountant for a small fictional business. You will also do some of your accounting work on a microcomputer.

Articulation: This course is Bibb County approved and articulated with Central Georgia Technical College’s Accounting program. Course Prerequisites: Computer Applications, Business Essentials Career Pathways: Courses must be completed in the order listed below.

Financial Management - Accounting Level 1 * Business Essentials Level 2 * Accounting I Level 3 * Accounting II Level 4 (Work-Based Learning) Level 5 (Work-Based Learning)

*Required for Pathway Completion

Certifications: The Financial Management – Accounting pathways prepare students with the skills needed for the following industry recognized credentials: NOCTI – Business Financial Management.

Career Choices:

Course Schedule Week 1 Introduction Week 10 Accounting Cycle Week 2 The Accounting Profession Week 11 Accounting Cycle Week 3 Accounting Process Week 12 Accounting Cycle Week 4 Accounting Cycle Week 13 Accounting Cycle Week 5 Accounting Cycle Week 14 Accounting Cycle Week 6 Accounting Cycle Week 15 Accounting Cycle Week 7 Accounting Cycle Week 16 Accounting Cycle Week 8 Accounting Cycle; Financial Statements Week 17 Special Topics Week 9 Financial Statements; Using Data Week 18 Global Perspective

Internet Acceptable Use: Use of the Internet must be in support of education and research and consistent with the educational objectives of the Bibb County School System. The use of the Internet is a privilege, not a right, and inappropriate use will result in cancellation of those privileges. Any student user not complying with the Bibb County School System Internet Acceptable Use Agreement shall lose Internet privileges for a period of not less than one week. Susan Little’s websites that will be used as an integral part of this course are available at: www.edmodo.com FBLA: Future Business Leaders of America is a co-curricular national student organization designed to offer students the opportunity to participate in leadership activities both in an out of the classroom. Members have the opportunity to go on field trips, participate in competitive events, perform community service, interact with the business community, and attend state and national conferences. Grading Scale*

Area Percentage Area Percentage

Daily Assignments & Quizzes 40 Class Grade 85 Projects 30 Final Exam 15 Tests 30

Total for Class Grade 100% Final Grade 100%

Required Material: Black or blue ink pen AND pencil. You will have a storage folder in class for your work. **In Accounting, knowledge of Microsoft Excel is necessary because most spreadsheets in accounting are created with this program. We will go over the fundamentals of Excel at the beginning of the course.

Occupation Specialties

Level of Education Needed

Average Salary

Accountants and Auditors Bachelor’s Degree $54,330 Bookkeeping/Accounting/ Auditing

Clerks Moderate-Term On-the-Job Training $29,619

Budget Analysts Bachelor’s Degree $58,698 Tax Preparers Moderate-Term On-the-Job Training $30,285

Classroom Expectations: Give Respect, Get Respect. Classroom Expectations:

1. When I am talking, you are listening. 2. We will be respectful of each other at all times. 3. Come to class on time and prepared to work. 4. Complete your OWN work! 5. Do not enter my office without my permission. 6. When you enter the room, begin your daily journal. 7. NOTE: All rules in the Bibb County Code of Conduct will be enforced.

Classroom Procedures:

1. Print only with permission. When I want you to print, I will instruct you to do so. Upload ALL of your work to Edmodo. No excuses for “I forgot to save/upload…”

2. At the beginning of each class, please check your computer, mouse, book, and desk. If anything is misplaced, broken, or dirty, you must tell me so that you will not get in trouble for something someone else has done.

3. Internet games and Internet use is on an as-needed basis with permission only. Non-negotiable! 4. Clean up your trash and push your chair under the table as you leave each day.

Attendance: Due to the nature of this course, it is imperative that you attend class daily. Almost all of the work assigned in this course is completed in class. Attendance has a direct correlation with your grade. The more often you are in class, the more likely you will succeed in the class. The Bibb County Board of Education policy on attendance will be upheld. Make-up Policy: It is your responsibility to get make-up work from me if you are absent. Make-up work must be completed within five school days. Most, if not all work, will be posted on Edmodo. Re-do Policy: Students who score a 69 or lower on a test or project may redo the test within five school days for a maximum score of 70.

* This course does not have an End of Course Test (EOCT) *

* All rules included in the Bibb County Code of Conduct book will be enforced * The course syllabus is a general plan for the course; all information contained in the course syllabus/calendar is subject to change. Any changes will be announced in class and a revised syllabus distributed to students to be shared with their parents/guardians. Acknowledgment of Receipt: By signing below, the student and parent/guardian acknowledge that they have read and understood the contents in the 2012-2013 Accounting syllabus. Student Name (Print)_________________________________________ Date________________ Student Signature___________________________________________ Date_________________ Parent Name (Print)__________________________________________ Date________________ Parent Signature____________________________________________ Date_________________

Pacing guide

Instructional Day # Calendar DateStandard Addressed Student Performance FBLA in the Classroom

113‐Aug

Syllabus, class rules, computer use policy, seating charts, intro activity

2 14‐Aug BCS‐PAI‐1, 2, 3, 12 Internet Search, Accounting Careers3 15‐Aug BCS‐PAI‐1, 2, 3, 12 Presentations of Career Posters4 16‐Aug BCS‐PAI‐1, 2, 3, 12 Internet Research on accounting scandals

517‐Aug BCS‐PAI‐1, 2, 3, 12

PowerPoint on Securities and Exchange Acts of 1933 and 1934

620‐Aug BCS‐PAI‐1, 2, 3, 12

PowerPoint on Sarbanes‐Oxley Act Quiz, Excel Review

Personal Budget - BAA Activity

7 21‐Aug BCS‐PAI‐1, 2, 3, 12 Discussion of Ethics, Fraud and GAAP

822‐Aug BCS‐PAI‐4

Introduction of Asset, Liabilities and Owners Equity.

923‐Aug BCS‐PAI‐4 Talk about advantages of each type of ownership. FBLA Web Search &

Competition Disc.


Learning Accounting Equation. Start Chapter One in book

d ff h

11

27‐Aug BCS‐PAI‐4How do transactions affect the Accounting

Equation? Application Problems end of Chap One


How do transactions affect the Accounting Equation? Mastery Problems Chapter One

13 29‐Aug BCS‐PAI‐4 Test 14 30‐Aug BCS‐PAI‐4 What are Debits and Credits? Start Chap 2


How do transactions affect Owners Equity? Work Together Problems 2‐3

164‐Sep BCS‐PAI‐4

How do transactions affect Owners Equity? Application Problems Chap 2


How do transactions affect Owners Equity? Mastery Problems Chap 2


How do transactions affect Owners Equity? J Walls Project



How do transactions affect Owners Equity? J Jones Project

20 10‐Sep BCS‐PAI‐4 Test Chapter 221 11‐Sep BCS‐PAI‐4 Journalizing Transactions, Start Chap 3


Journalizing Transactions, Work Together Problems Chap 3


Journalizing Transactions, Application Problems Chap 3


Journalizing Transactions, Mastery Problems Chap 3

25 17‐Sep BCS‐PAI‐4 Journalizing Transactions, Jon Fox Project26 18‐Sep BCS‐PAI‐4 Accounting Bingo27 19‐Sep BCS‐PAI‐4 Test Chapter 3


How to post to Gen Ledger. Work Together Problems Chap 4

29 21‐Sep BCS‐PAI‐4 Correcting Entries. Work Together Problems

l bl h30

24‐Sep BCS‐PAI‐4 Gen Ledger Posting, Applicaton Problems Chap 4

31 25‐Sep BCS‐PAI‐4 Accounting Monopoly32 26‐Sep BCS‐PAI‐4 Mo's Wash & Go Project33 27‐Sep BCS‐PAI‐4 Acme Halloween Project34 28‐Sep BCS‐PAI‐4 Test Chap 435 1‐Oct BCS‐PAI‐5, 6, 7 8 Checking Accounts, Start Chap 536 2‐Oct BCS‐PAI‐5, 6, 7 8 Petty Cash. Application Problems37 3‐Oct BCS‐PAI‐5, 6, 7 8 Cash Control, Application Problems Chap 538 4‐Oct BCS‐PAI‐5, 6, 7 8 Cash Control, Recon Project39 5‐Oct BCS‐PAI‐5, 6, 7 8 Test Lesson 540 8‐Oct BCS‐PAI‐5, 6, 7 8 Worksheets, Work Together Lesson 641 9‐Oct BCS‐PAI‐5, 6, 7 8 Worksheets, Application Problems Lesson 642 10‐Oct BCS‐PAI‐5, 6, 7 8 Worksheets, Mastery Problems Lesson 643 11‐Oct BCS‐PAI‐5, 6, 7 8 Test Lesson 6


44 12‐Oct BCS‐PAI‐9, 5 Financial statements, Start Lesson 7

4516‐Oct BCS‐PAI‐9, 5

Financial statements, Application Problems Lesson 7

46 17‐Oct BCS‐PAI‐11 Internet Research on financial statements47 18‐Oct BCS‐PAI‐9, 5 Chap 7 Test

4819‐Oct All Previous Standards Eddie Ortez, Disc Jockey Reinforcement Activity FBLA Competition Practice

Test - Acct I

4922‐Oct All Previous Standards Eddie Ortez, Disc Jockey Reinforcement Activity




53 26‐Oct BCS‐PAI‐9, 5 Adjusting Entries, Start Chap 854 29‐Oct BCS‐PAI‐9, 5 Closing Entries, Work Together54 29 Oct BCS PAI 9, 5 Closing Entries, Work Together55 30‐Oct BCS‐PAI‐9, 5 Chap 8 Application & Mastery Problems56 31‐Oct BCS‐PAI‐9, 5 Test Chap 857 1‐Nov BCS‐PAI‐5, 6, 7 8 Special Journals, Start Lesson 958 2‐Nov BCS‐PAI‐5, 6, 7 8 Special Journals, Work Together Lesson 9

595‐Nov BCS‐PAI‐5, 6, 7 8 Special Journals, Application Problems Lesson 9

60 6‐Nov BCS‐PAI‐5, 6, 7 8 Special Journals, Mastery Problems Lesson 961 7‐Nov BCS‐PAI‐5, 6, 7 8 Test Lesson 9 62 8‐Nov BCS‐PAI‐5, 6, 7 8 Cash Receipts Journal, Start Lesson 10

639‐Nov BCS‐PAI‐5, 6, 7 8 Corp Gen Ledger Application Problems Lesson 10

64 12‐Nov BCS‐PAI‐5, 6, 7 8 Corp Gen Ledger Mastery Problems Lesson 1065 13‐Nov BCS‐PAI‐5, 6, 7 8 Lesson 10 Using Source Documents Pg 29366 14‐Nov BCS‐PAI‐5, 6, 7 8 Test Lesson 10


67 15‐Nov BCS‐PAI‐5, 6, 7 8 Corp Accounts Pay & Rec Start Lesson 11

6816‐Nov BCS‐PAI‐5, 6, 7 8

Corp Accounts Pay & Rec Application Problems Lesson 11

6926‐Nov BCS‐PAI‐5, 6, 7 8

Cash Payments Corp. Application Problems Lesson 11

7027‐Nov BCS‐PAI‐5, 6, 7 8

Cash Payments Corp. Challenge Problems Lesson 11

71 28‐Nov BCS‐PAI‐5, 6, 7 8 Test Lesson 1172 29‐Nov BCS‐PAI‐10 Payroll, Start Lesson 1273 30‐Nov BCS‐PAI‐10 Payroll, Work Together Lesson 1274 3‐Dec BCS‐PAI‐10 Payroll, Application Problems Lesson 1275 4‐Dec BCS‐PAI‐10 Payroll, Mastery Problems Lesson 1276 5‐Dec BCS‐PAI‐10 Payroll Project77 6‐Dec BCS‐PAI‐10 Test Lesson 1278 7‐Dec BCS‐PAI‐10 Recording Payroll Start Lesson 1379 10‐Dec BCS‐PAI‐10 Withholding Taxes, Work Together

Withholding Taxes, Application Problems Lesson80

11‐Dec BCS‐PAI‐10Withholding Taxes, Application Problems Lesson

13

8112‐Dec BCS‐PAI‐10

Reporting Taxes, Mastery & Challenge Problem Lesson 13

82 13‐Dec BCS‐PAI‐10 Test Lesson 1383 14‐Dec All Previous Standards FINAL EXAM REVIEW84 17‐Dec All Previous Standards FINAL EXAM REVIEW85 18‐Dec All Previous Standards FINAL EXAM REVIEW86 19‐Dec All Previous Standards FINAL87 20‐Dec All Previous Standards FINAL

Class Projects

Project Based Instruction Fall 2012

Course – Accounting I

Project

What the students should

learn…

What the students should

have done….

GPS

#1-Accounting Career Project

The different career options in

accounting.

A poster about their chosen

career, and presentation about

the career based on information

from the poster.

BCS-PAI-2. Students will

describe career opportunities in

the accounting profession.

#2-Bank Reconciliation &

Check Writing Simulation

How to write multiple checks,

how to complete check stubs,

how to reconcile a bank

statement, how to journalize

checking account transactions

in a journal

Written checks

Reconciled a bank statement

Journalized transactions

BCS-PAI-3: Students will

demonstrate the skills s required

to be successful in the

accounting profession and in an

accounting-related career.

BCS-PAI-3a: Demonstrate

ethical decision-making and

conduct in a business scenario

related to accounting.


understand and apply the

various steps of the accounting

cycle for proprietorships and

corporations and explain the

purpose of each step.

BCS-PAI-g: Analyze business

transactions

BCS-PAI-4H. Apply double-

entry system of accounting.

BCS-PAI-5i: Reconcile bank

statements.

Project Based Instruction Fall 2012

#3-Journal Reinforcement

Activity

How to journalize transactions

concerning a service business

Journalized transactions for the

month of May for a service

business.


demonstrate the skills an

competencies required to be

successful in the accounting

profession and in an

accounting-related career.

BCS-PAI-3a: Demonstrate

ethical decision-making and

conduct in a business scenario

related to accounting.


understand and apply the

various steps of the accounting

cycle for proprietorships and

corporations and explain the

purpose of each step.

BCS-PAI-g: Analyze business

transactions

BCS-PAI-4H. Apply double-

entry system of accounting.

Class Project

#1

Accounting Career Rubric

BCS-PAI-2. Students will describe career opportunities in the accounting profession.

• Identify professional accounting organizations and associations. • Identify the state and national educational and licensing requirements, including the CPA exam, for careers in the accounting profession. • Describe the skills and competencies needed to be successful in the accounting

profession. • Describe the areas of specialization within the accounting profession (i.e.,financial

accounting, management accounting, auditing) and careers that require knowledge of accounting.

.

Description & Notes

Points Possible

Student Check Points Earned

Research Completed 10Salaries Listed? 10Description of Career 20Education needed 10Professional Organization Listed

10

Graphics Included 10Originality 10Presentation 20Total 100

Student Work

#1

Class Project

#2

Neil National Bank

Balance From previous statement

No of checks Amt Of checks No

Of deposits AmtOf Deposits

Service Charge

Statement Balance

0.00 7 1650.00 3 6500.00 $5.00 4745.00

Account Number

111‐22‐333

DATE CHECK AMOUNT CHECK AMOUNT DEPOSIT BALANCE

8/1/09 0.00 8/1/09 5000.00 5000.00 8/4/09 127 200.00 4800.00 8/6/09 128 300.00 4500.00 8/10/09 129 50.00 4450.00 8/10/09 1000.00 5450.00 8/12/09 130 100.00 5350.00 8/15/09 131 200.00 5150.00 8/16/09 500.00 5650.00 8/17/09 133 400.00 5250.00 8/23/09 134 500.00 4750.00 SC 5.00 4745.00

$_______________

Date________________________ 20__

To______________________________

For _____________________________

BAL BROUGHT FOR’D AMT DEPOSITED SUBTOTAL OTHER SUBTOTAL

AMT THIS CHECK

BAL CAR’D FOR’D

127

128

105 Smith St Macon GA 31088

Smith Enterprises

Neil Bank

Smith Enterprises 105 Smith St Macon GA 31088

Neil Bank

111‐22‐3333

111‐22‐3333

To______________________________

For _____________________________


AMT THIS CHECK

BAL CAR’D FOR’D

Date________________________ 20__

$_______________

To______________________________

For _____________________________


AMT THIS CHECK

BAL CAR’D FOR’D

$_______________

Date________________________ 20__

To______________________________

For _____________________________


AMT THIS CHECK

BAL CAR’D FOR’D

$_______________

Date________________________ 20__

129 Smith Enterprises 105 Smith St Macon GA 31088

Neil Bank

111‐22‐3333


Neil Bank

111‐22‐3333

130

$_______________

Date________________________ 20__

To______________________________

For _____________________________


AMT THIS CHECK

BAL CAR’D FOR’D


AMT THIS CHECK

BAL CAR’D FOR’D

For _____________________________

$_______________

Date________________________ 20__

To______________________________

131 Smith Enterprises 105 Smith St Macon GA 31088

Neil Bank

111‐22‐3333


132

Neil Bank

111‐22‐3333

$_______________

Date________________________ 20__

To______________________________

For _____________________________


AMT THIS CHECK

BAL CAR’D FOR’D

$_______________

Date________________________ 20__

To______________________________

For _____________________________


AMT THIS CHECK

BAL CAR’D FOR’D

133

134

Smith Enterprises

Macon GA 31088 105 Smith St

Neil Bank

111‐22‐3333


Neil Bank

111‐22‐3333

135

To______________________________

For _____________________________


AMT THIS CHECK

BAL CAR’D FOR’D


Neil Bank

Neil Bank

111‐22‐3333


AMT THIS CHECK

BAL CAR’D FOR’D

For _____________________________

$_______________

Date________________________ 20__

To______________________________

136

Date________________________ 20__

$_______________

111‐22‐3333


Directions: Using the check packet and journal provided, journalize the following transactions and complete the checks for the necessary transactions. Then you will reconcile your bank statement.

Transactions

10/1/12 John Smith invested $5000.00 in business (deposit) R1.

10/4/12 Paid 200.00 for supplies (Supplies Inc) C127.

10/6/12 Paid $300 for repairs to car (Fix Rite Auto). C128.

10/10/12 Paid $50 for phone bill to Flint Electric. C129.

10/10/12 Received $1000 cash for services. T10.

10/11/12 Bought supplies from ImageWear on account $400.00 and charged it. M1.

10/12/12 Paid $100 for supplies to (Supplies Inc). C130.

10/15/12 Paid 200.00 for rent expense (Tom Brady). C131.

10/16/12 Received $500.oo for services. T16.

10/17/12 Screwed up and voided check 132 (no journal needed)

10/17/12 Paid 400.00 for Supplies (Supplies Inc). C133.

10/23/12 Paid 500.00 for Electric bill to Middle Georgia Electric. C134.

10/30/12 Paid $200.00 for your account to Imagewear C135.

10/30/12 Paid $50.00 for Meal at Georgia Bob’s (Misc Expense). C136.

10/30/12 Received $500.00 for services. T30.

Accounts needed

Cash

Supplies

Uniforms

Accts Payable Image Wear

John Smith Capital

Sales

Rent Expense

Repair Expense

Misc Expense

Utilities Expense

Student Work

#2

Class Project

#3

Journalize the following transactions on pages 1-2 of your journal. Date Transaction Source

Doc. May 1 Jack Hines invested 50,000 in the business. M1

1 Paid cash to establish a petty cash account, 250 C099 2 Paid cash for a computer and printer, 3,500 (Office Equipment). C100 2 Paid cash for office supplies, 125. C101 3 Bought office furniture on account from Office Systems, 3,500. M2 7 Bought a web server from Computer Specialists Inc., 35,000. M3 9 Received 1,000 cash from sales. T9

11 Sold design services on account to Andrew Hospital, 3,000. S1 12 Bought software for the web server (Web Server) on account

from Service Plus Software Inc., 10,000. M4

14 Paid cash for electric bill, 118. C102 15 Paid cash to Jack Hines for personal use, 2,500. C103 17 Sold design services on account to Sunshine Products, 5,000. S2 18 Paid cash for a filing cabinet (Office Furniture), 275. C104 19 Received 5,000 cash from sales. T19 20 Sold services on account to Indiana Trucking, 2,000. S3 21 Received cash on account from Sunshine Products, 2,500. R1 22 Paid cash for telecommunications services, 4,900. C105 22 Paid cash on account to Service Plus Software Inc., 3,333. C106 25 Paid cash on account to Office Systems, 2,000 C107 26 Received cash from two months of sales, 1,000. T27 27 Paid cash for membership dues in All Inclusive Group, 7,000. C108

Total & Rule Page 1 of the Journal. 30 Paid cash for rent, 750. C109 30 Paid cash to Jack Hines for personal use, 2,500. C110 30 Paid cash on account to Computer Specialists Inc., 25,000. C111 31 Recorded bank service charge, 20 M5 31 Paid cash to replenish petty cash fund, 150; miscellaneous

expense, 75; membership expense, 25; advertising expense, 50. C112

JOURNAL PAGE1 2 3 4 5

DATE ACCOUNT TITLE DOC. NO.

POST.REDIT

GENERAL SALES CASHDEREF. BIT C CREDIT DEBIT CREDIT

12006Jan 1 1

2 1 2

3 2 3

4 2 4

5 3 5

6 6

7 7 7

8 8

9 9 9

10 11 10

11 23 11

12 12

13 14 13

14 15 14

15 17 15

16 18 16

17 19 17

18 20 18

19 21 19

20 22 20

21 22 21

22 25 22

23 26 23

24 27 24

25 27 Carried Forward 0 0 0 0 0 25

15 15

Totals

Prove cash:

Prove page 1 of the journal:



DATE ACCOUNT TITLE DOC. NO.

POST.REDIT

GENERAL SALES CASHDEREF. BIT C CREDIT DEBIT CREDIT

1 27 Brought Forward 1

2 30 2

3 30 3

4 30 4

5 31 5

6 31 6

7 7

8 8

9 31 Totals 9

10 10

11

12

11

12

13 13

14 14

GeneralSalesCash Cash on hand at the beginning of the month:Totals Plus total cash received during the month:

Equals Total:General Less total cash paid during the month:Sales Equals cash balance at the end of the month:Cash Balance on the next unused check stub:

Student Work

#3

CASH


DATE ACCOUNT TITLE DOC. POST.IT CRGENERAL SALES

NO. DEBREF. EDIT DEBIT CREDITCREDIT

12012 May 1 Jack Hines, Capital M1 50000 50000 1

2 1 Petty Cash C099 250 250 2

3 2 Office Equipment C100 3500 3500 3

4 2 Supplies C101 125 125 4

5 3 Office Furniture M2 3500 5

6 Acct. Pay Office Systems 3500 6

7 7 Office Equipment M3 35000 7

8 Acct. Pay Computer Specialists Inc. 35000 8

9 9 T9 1000 1000 9

10 11 Acct. Rec. Andrew Hospital S1 3000 3000 10

11 12 Office Equipment M4 10000 11

12 Acct. Pay Service Plus Software Inc. 10000 12

13 14 Utilities Expense C102 118 118 13

14 15 Jack Hines, Drawing C103 2500 2500 14

15 17 Acct Rec. Sunshine Products S2 5000 5000 15

16 18 Office Furniture C104 275 275 16

17 19 T19 5000 5000 17

18 20 Acct. Rec. Indiana Trucking S3 2000 2000 18

19 21 Acct. Rec. Sunshine Products R1 2500 2500 19

20 22 Utilities Expense C105 4900 4900 20

21 22 Acct. Pay Service Plus Software Inc. C106 3333 3333 21

22 25 Acct. Pay Office Systems C107 2000 2000 22

23 26 T26 1000 1000 23

24 27 Membership Expense C108 7000 7000 24

25 27 Carried Forward 82501 101000 17000 59500 24001 25

CASH

Prove cash:


DATE ACCOUNT TITLE DOC. POST.IT CRGENERAL SALES

NO. DEBREF. EDIT DEBIT CREDITCREDIT

1 27 Brought Forward 28420 Balance o 0 0 0 1

2 30 Rent Expense C109 750 750 2

3 30 Jack Hines, Drawing C110 2500 2500 3

4 30 Acct. Pay Computer Specialists, Inc. C111 25000 25000 4

5 31 Miscellaneous Expense M5 20 20 5

6 31 Miscellaneous Expense C112 75 150 6

7 Membership Expense 25 7

8 Advertising Expense 50 8

9 31 Totals 56840 0 0 0 28420 9

10 10

11 11

12 12

13 13

14 14

15 15


General 28420 Balance on Sales 0Cash 0 0 Cash on hand at the beginning of the month: 0Totals 28420 0 Plus total cash received during the month: 0

Prove page 2 of the journal: Equals Total: 0General 56840 0 Less total cash paid during the month: 28420Sales 0 Equals cash balance at the end of the month: -28420Cash 0 28420 Balance on the next unused check stub:Totals 2842056840

Long-term Project

The Lucky Bean—Experiencing a Business Creation & Accounting Cycle

Summary of the Project Students will create a business, design a business plan, and complete a business accounting cycle for a business. Standards Covered BCS-PAI-3, 4, 5, 6, 7, 8, 9, 10 Learning Objectives This project will help the students understand more about being an entrepreneur and what is needed in a business to create a net income for the business. Also, the students will see how it is to work with others to be able to depend on each group to do their part to complete the accounting cycle. Each step will depend on the prior group of completing their job in order for the accounting cycle to be completed and the business to run smoothly. Step-by-Step Procedures

1. Students will discuss what a business is and the different types of businesses. 2. Students will look at examples on the Internet of business plans. 3. The students will have a guest speaker to come and speak to the class about

owning his own business and what it is like. The speaker (or teacher) will give the students some websites that are helpful concerning creating a business.

4. Students will start teamwork and the teacher will give them a sheet telling them the group they will be in to create a business plan.

5. One team, the survey team will have to work first to get a survey to see if the business they voted on would be a potential success in Macon.

6. After the survey results are tallied, they may decide on the place of business and what they will sell.

7. After the survey results are finished, the other groups may work on their part of the business plan.

8. Each group will have a different task, depending on what department and what part of the accounting cycle they are best at doing.

9. Each group must complete their part of the project, before it can move to the next department (or group).

10. The team may order T-shirts alike, so they may be worn when they work at the coffee shop. They would also sell these at the business.

11. Mrs. Little will hand out the documents needed for the business to journalize, post, and do the financial statements of the business.

12. The students will create the chart of accounts, source documents, and some of the other documents.

Current Event

Activity

Current Event 2012-13

Class Current Event

Accounting I Accounting Scandal Article

Accounting I Business Article

Current Event Activity #1:

Go to http://www.cnn.com/TECH/ and read a news article. After reading, open MS Word and write a brief response to the article. Your response should be at least 10 GOOD sentences in length. Sentences like “I enjoyed this article.” are not GOOD sentences! Utilize appropriate spelling, grammar, punctuation, and capitalization in your response.

Your response to the article can be many different things. You might have a question about the information presented, you might be happy or unhappy, or you might have additional information to give on the subject. If you choose an article that you are indifferent to, then you need to read another article. Copy and paste the URL for the article at the bottom of your response.

Your response will be graded will the following rubric:

Scale: 1 (Poor) 2 (Below Average) 3 (Average) 4 (Above Average) 5 (Excellent) Grammar An excessive

amount of grammar errors (10+)

Multiple grammar errors (7‐9)

Multiple grammar errors (4‐7)

Few grammar errors (1‐3)

No grammar errors

Spelling An excessive amount of spelling errors (10+)

Multiple spelling errors (7‐9)

Multiple spelling errors (4‐7)

Few spelling errors (1‐3)

No spelling errors

Capitalization An excessive amount of capitalization errors (10+)

Multiple capitalization errors (7‐9)

Multiple capitalization errors (4‐7)

Few capitalization errors (1‐3)

No capitalization errors

Punctuation An excessive amount of punctuation errors (10+)

Multiple punctuation errors (7‐9)

Multiple punctuation errors (4‐7)

Few punctuation errors (1‐3)

No punctuation errors

Response Response is not reasoned poorly; and/or shows that article was not understood

Response is not well‐reasoned; and/or shows that article was barely understood

Response is reasoned on average level; and/or shows that article was somewhat understood

Response is well‐reasoned; and/or shows that article was well‐understood

Response is reasoned exceptionally; and/or that article was understood very well

http://www.cnn.com/TECH/

Current Event Work

Christopher Cannon:

August 17, 2012

“Arrests in Olympus Scandal Point to Widening Inquiry into a Cover-Up” Published: August 16, 2012 Author: Hiroko Tabuchi Source: nytimes (http://www.nytimes.com/2012/02/17/business/global/7-arrested-in-olympus-accounting-cover-up.html?_r=1) Since the Olympus company arrests on Thursday, including the arrests of former Chairman Tsuyoshi Kikukawa and former vice president Hisashi Mori, investigations continue of alleged falsified financial statements. If found guilty, each individual executive of the total seven arrested could face up to 10 years in prison under Japanese laws for white-collar crimes. However, Japan’s current legal system has had a rarity of such crimes in the past, the last one occurring in 2006 in the trial of the brokerage firm Nikko Cordial for stealing a total of $350 million in a similar scandal. That trial ended up with the executives charged walking away without any jail sentence. For this reason, international officials are demanding action to be taken by the Japanese government against the Olympus executives, who are said to have stolen over $1.7 billion. Further investigations are going to be done on companies acquired by Olympus in the past six years. The trial of the former Olympus executives will hopefully find them guilty of the crimes they committed. It is apparent that they are guilty of the crimes since several of the executives had resigned immediately after the uncovering of the scandal. The biggest cause of concern here, however, is how the trial will be given under the current Japanese legal system. With the Nikko Cordial trial finding the defendants free to not go to jail for a crime that requires at least 10 years of jail time, it is clear that the government lacks more authority in the courts. However, even if they do walk free, the executives will still have to face the wrath of the company they had nearly ruined. Olympus is currently suing the seven former chairmen and the 11 current executive chairmen in what will likely bring even more ruin to the already tarnished reputations of the men responsible.

http://www.nytimes.com/2012/02/17/business/global/7-arrested-in-olympus-accounting-cover-up.html?_r=1

FBLA Activity

Scavenger Hunt

Name: ______________________________________ Date: __________________________ Period: ________

Future Business Leaders of America Purpose: To explore and learn about Future Business Leaders of America Instructions: Using the Internet, answer the questions below. Go to the FBLA-PBL National web site: www.fbla-pbl.org. (You may have to type this address in your address bar!)

1. From the National site, click on “About FBLA-PBL”. Future Business Leaders of America-Phi Beta Lambda is a nonprofit 501(c)(3) education association with a quarter million students preparing for careers in business and business-related fields. What are four divisions of FBLA-PBL, Inc?

1. 2. 3. 4.

2. Click on GOALS under the main navigation on the left. Write 4 Goals of FBLA.

1. 2. 3. 4.

3. Click on MISSION & PLEDGE under the main navigation on the left What is the mission of FBLA?

4. Move your mouse to the top of the page. Hover over the word FBLA until the menu appears. Click on Business Achievement Awards. What are Business Achievement Awards?

5. What are the four levels of the Business Achievement Awards? 1. 2. 3. 4.

6. The Future Award Focuses on what?

7. Click PREVIEW FUTURE AWARD ACTIVITIES. Complete the following on the Future Award Level.

SERVICE: Write the 2 required activities.. 1. 2.

Write 2 other activities that you could complete for this area 1. 2.

http://www.fbla-pbl.org/

EDUCATION: Write the 2 required activities. 1. 2.

Write the 3 other activities that you could complete for this area. 1. 2.

3. PROGRESS: Write the 3 required activities. 1. 2. 3.

Write the other 3 activities that you could complete for this area. 1. 2.

3.

Now, how easy was that? You can earn your FUTURE LEVEL AWARD! Then, move onto your BUSINESS LEVEL! Explore what the Business level award has its requirements! Work your way up and you can earn a scholarship for after completing LEADER and AMERICA level! 7. Click on Competitive Events on the links on the left side of the screen. The FBLA-PBL

National Awards Program recognizes and rewards excellence in a broad range of business and career-related areas. Students compete in events testing their business knowledge and skills at the region, state & national level. Competitive events fall into three categories. What are they and what is the focus of each category?

1. 2. 3.

8. Click on the COMPETITIVE EVENTS GUIDELINES. A pdf file will open. Wait for it.

Once it opens, read the first page which is a list of the competitive events offered through FBLA (details begin on page 12). Find 3 events that you feel you could compete in based on your grade level, eligibility, and skills! Write the event name for 3 areas that you could win in (or that grab your attention)! State individual, team, or chapter event for each event along with a write the description of the event category.

Event name Select one: Include a description of the event 1. Individual Event

2. Individual Event

3. Individual Event

Explore the National FBLA site www.fbla-pbl.org more if you wish, but now it is time to move on to the GEORGIA FBLA site. Click http://www.gafbla.org/fbla/

9. Who is the STATE PRESIDENT of FBLA?

10. Let’s explore the CONFERENCES offered by Georgia FBLA this year. CLICK CONFERENCES at the top of the page and answer the following questions.

1. When and where is Fall Motivational Rally?

When Where

2. When and where is State Leadership Conference 2010? When Where

3. When and where is National Leadership Conference? When Where


http://www.gafbla.org/fbla/

FBLA Work

Scavenger Hunt

Name: Jordan Williamson______________________________________ Date: ________ Period: ________ Future Business Leaders of America

Purpose: To explore and learn about Future Business Leaders of America Instructions: Using the Internet, answer the questions below. Go to the FBLA-PBL National web site: www.fbla-pbl.org. (You may have to type this address in your address bar!)

1. From the National site, click on “About FBLA-PBL”. Future Business Leaders of America-

Phi Beta Lambda is a nonprofit 501(c)(3) education association with a quarter million students preparing for careers in business and business-related fields. What are four divisions of FBLA-PBL, Inc?

1. FBLA for high school students. 2. FBLA Middle Level for junior high, middle, and intermediate school students; 3. PBL for postsecondary students; and 4. Professional Division for businesspeople, FBLA- PBL alumni, educators, and parents who support the goals of the association.

2. Click on GOALS under the main navigation on the left. Write 4 Goals of FBLA.

1. Develop competent, aggressive business leadership. 2. Encourage scholarships and promote school loyalty. 3. Facilitate the transition from school to work. 4. Encourage and practice efficient money management.

3. Click on MISSION & PLEDGE under the main navigation on the left What is the mission of FBLA? It is to bring business and education together in a positive working relationship through innovative leadership and career development programs.

4. Move your mouse to the top of the page. Hover over the word FBLA until the menu appears. Click on Business Achievement Awards. What are Business Achievement Awards? They are an aggressive, self-directed , results-based business and leadership program designed to compliment academics while accelerating a student’s leadership skills.

5. What are the four levels of the Business Achievement Awards? 1. Future Award 2. Business Award 3. Leader Award 4. America Award

6. The Future Award Focuses on what? It focuses on basic business skills, introduction to community service, and FBLA involvement at the local level.

7. Click PREVIEW FUTURE AWARD ACTIVITIES. Complete the following on the Future Award Level.


SERVICE: Write the 2 required activities.. 1. Communication/Service learning 2. Communications/FBLA organization and National Programs.

Write 2 other activities that you could complete for this area 1. Service learning 2. Activity 6 Communications/Service learning

EDUCATION: Write the 2 required activities. 1. Technology/FBLA organization and National Programs 2. None

Write the 3 other activities that you could complete for this area. 1. Activity 10 Marketing 2. Activity 11 Accounting

3. 14 Career Awareness and Exploration

PROGRESS: Write the 3 required activities. 1. Activity 17 Communications/FBLA organization and National Programs 2. Activity 18 Communications/FBLA organization and National Programs 3.

Write the other 3 activities that you could complete for this area. 1. Activity 24 Communications 2. Activity 23 Communications/Technology

3. Activity 20 Communications/ Career Exploration

Now, how easy was that? You can earn your FUTURE LEVEL AWARD! Then, move onto your BUSINESS LEVEL! Explore what the Business level award has its requirements! Work your way up and you can earn a scholarship for after completing LEADER and AMERICA level! 7. Click on Competitive Events on the links on the left side of the screen. The FBLA-PBL

National Awards Program recognizes and rewards excellence in a broad range of business and career-related areas. Students compete in events testing their business knowledge and skills at the region, state & national level. Competitive events fall into three categories. What are they and what is the focus of each category?

1. Individual- and team events focus on skills useful in leadership and career development.

2. Team- and individual focus on skills useful in leadership and career development. 3. Chapter- recognize overall achievement and performance in chapter management. 4.

8. Click on the COMPETITIVE EVENTS GUIDELINES. A pdf file will open. Wait for it.

Once it opens, read the first page which is a list of the competitive events offered through FBLA (details begin on page 12). Find 3 events that you feel you could compete in based on your grade level, eligibility, and skills! Write the event name for 3 areas that you could win in (or that grab your attention)! State individual, team, or chapter event for each event along with a write the description of the event category.

Event name Select one: Include a description of the event

1. Individual Event

2.

Individual Event

3.

Individual Event

Explore the National FBLA site www.fbla-pbl.org more if you wish, but now it is time to move on to the GEORGIA FBLA site. Click http://www.gafbla.org/fbla/

9. Who is the STATE PRESIDENT of FBLA?

10. Let’s explore the CONFERENCES offered by Georgia FBLA this year. CLICK CONFERENCES at the top of the page and answer the following questions.

1. When and where is Fall Motivational Rally?

When Thursday October 11 Where Perry Georgia National fair

2. When and where is State Leadership Conference 2010?

When 3/15-16/2013 Where

3. When and where is National Leadership Conference? When 6/27-30/2013 Where


http://www.gafbla.org/fbla/

Student

presentations

Student Presentations 2012-2013

Class Project

Accounting I Careers in Accounting Project

Accounting I Bill Gates T-Accounts Project/Test Review

Little - Accounting I

Documents

Transcript of Little - Accounting I