Accounting

Mrs. Debbie Kinner
Accounting Course Description:  Students of accounting will know the procedures necessary to create and organize financial records using standard accounting principles.  This year long course is offered as an elective to all senior high students.  The class should enable each student to have a general understanding and working knowledge of financial systems; including bank and checking account procedures, payroll activities and the reading and creation of financial statements.

Specifically Students will:
Students will know the three basic forms of business ownership; sole proprietorship, partnership and corporation.  They will also know the difference in accounting for service and merchandising business entities.  
Student will know the accounting procedures are based upon the accounting equation: assets equal liabilities plus owner's equity.
The students will know the meaning of terms assets, liabilities, capital, revenue , and expense.
Student will be able to analyze accounting transactions into debit and credit elements.
Students will be able to prepare a balance sheet.
Students will be able prepare income statements.
Students will know the relationships between journals and ledgers.
students will know the function of a worksheet and be able to prepare one.
Students will be able to compute employee's earnings and calculate payroll deductions.
Students will know how to make deposits, write checks and reconcile a checking account.

Assessment:

Daily Work - 50%   Performance exams - 50% 

Materials/Methodology: textbook, workbook and computer software, simulations. 

 

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