Download Accounting I - Upper St. Clair School District

Accounting I (option 3 college credits)
Syllabus
Mrs. Cusick
Course Description
Carlow University and the Upper St. Clair Business, Computer and Information Technology Department have partnered
to offer USC High School students 3 college credits for this course. Through this Honors Level College Accounting I
course at USC, students also have the option to earn 3 college credits for $150 through Carlow University. These credits
can be used at Carlow University or students may contact a university of their choice to check if these credits will
transfer. Carlow University cannot guarantee transfer of credit to any other college or university. A student must earn
a minimum of a “C” for both semester grading periods. Students must register for college credit by October 1 of the
current school year. If opting for college credit, students may withdraw from Carlow University only after the 2nd week of
the course with a $25 withdrawal penalty. Upon completion of the course official transcripts are available for $5 with a
written request to the Carlow University Registrar’s Office.
Accounting is a business course designed to use the “language of business”. Designed for the college-bound
business/accounting major, the course is applicable to all students who wish to further their knowledge of accounting
as a basis for managerial decision-making. Peachtree and Excel software are used to record and analyze business
transactions as a basis to prepare financial statements. Financial statement analysis will also be a major focus.
Major units studied in this course include: The Accounting Cycle, Financial Statements, Financial Statement Analysis,
Personal Finance, Career Exploration, and Computerized Accounting. Current events in the business world will be
discussed as students complete projects using the Internet and business periodicals.
I.
Core learning targets: I can…
a.
Use the accounting equation as proof of accounting transaction equality
b.
Check source documents for accuracy
c.
Analyze business transactions
d.
Journalize business transactions
e.
Post information from the journal into various ledgers
f.
Prepare financial statements
g.
Analyze and record adjusting entries
h.
Journalize closing entries
i.
Analyze and interpret financial information
j.
Use computerized accounting software to record and analyze business transactions
k.
Prepare and record all banking related transactions
Mrs. Carolyn Cusick
Accounting I Syllabus
Page 1
II.
Course Content
1st 9 weeks
Chapter
1—Starting a

Proprietorship: 
changes That

Affect the
Accounting
Equation
Content
The accounting equation
How business activities change the accounting equation
How transactions change owner’s equity in an accounting
equation






2—Analyzing

Transactions in 
Debit & Credit 
Parts
Using T accounts
Analyzing how transactions affect accounts
Analyzing how transactions affect owner’s equity
accounts






3—
Journalizing
Transactions




Journals, source documents, and recording entries in a
journal
Journalizing buying insurance, buying on account, and
paying on account
Journalizing transactions that affect owner’s equity and
receiving cash on account
Proving and ruling a journal






4—Posting to
a General
Ledger




Computerized
Accounting
Projects

Preparing a chart of accounts
Posting separate amounts from a journal to a general
ledger
Posting column totals from a journal to a general ledger
Completed accounting forms and making correcting
entries
Journalize transactions and post to a general ledger


Assignments
Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Chapter Test
Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Chapter Test
Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Chapter Test

Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Chapter Test

Chapter 4 Mastery Problem



Enrichment projects can be assigned if time permits.
Assignments can include but not limited to: careers, current
events, professional writing, oral presentations, digital
presentations, podcasting, and blogging. Evaluation for these
assignments will be based upon the BCIT department rubrics.
Mrs. Carolyn Cusick
Accounting I Syllabus
Page 2
2nd 9 weeks
Chapter
5—Cash Control
Systems
Content




Checking accounts
Bank reconciliation
Dishonored checks and electronic banking
Petty cash






6—Worksheet
for a Service
Business
(Adjusting
Entries)
7—Financial
Statements for a
Proprietorship

Using a worksheet as a basis for adjusting entry
preparation




Preparing an income statement
Preparing a balance sheet






8—Recording
Adjusting &
Closing Entries
for a Service
Business
Computerized
Accounting
Semester Final
Projects
Mrs. Carolyn Cusick



Recording adjusting entries
Recording closing entries
Preparing a post-closing trial balance


Reconcile a bank statement and record bank charges
Adjusting entries
Prepare financial statements with net income and net
loss
Teacher prepared problems
focusing on adjusting entries
Chapter Test
Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Chapter Test

Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Chapter Test



Chapter 5 Mastery Problem
Chapter 6 Mastery Problem
Chapter 7 Mastery Problem

Administer 1 Semester Final






Assignments
Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Chapter Test
Enrichment projects can be assigned if time permits.
Assignments can include but not limited to: careers, current
events, professional writing, oral presentations, digital
presentations, podcasting, and blogging. Evaluation for
these assignments will be based upon the BCIT department
rubrics.
Accounting I Syllabus
Page 3
3rd 9 weeks
Chapter
9—Purchases
and Cash
Payment
Transactions

Content
Journalizing purchases transactions
Journalizing purchase returns and allowances
transactions
Journalizing cash payments transactions
10—Sales and
Cash Receipts
Transactions



Journalize sales on account transactions
Journalize sales returns and allowance transactions
Journalize cash receipt transactions
14—
Distributing
Dividends and
Preparing a
Work Sheet
for a
Merchandising
Business
17—
Accounting for
Uncollectible
Accounts
Receivable

Analyze and record a merchandise inventory adjusting
entry
Planning and recording an allowance for uncollectible
accounts adjustment
Planning and recording depreciation adjustments using
straight line depreciation
Computerized
Accounting




Projects






Journalizing uncollectible accounts
Writing off and collecting uncollectible accounts
receivable
Journalize purchases transactions
Journalize cash payments transactions
Journalize sales transactions
Journalize cash receipts transactions
Enrichment projects can be assigned if time permits.
Assignments can include but not limited to: careers, current
events, professional writing, oral presentations, digital
presentations, podcasting, and blogging. Evaluation for
these assignments will be based upon the BCIT department
rubrics.
Mrs. Carolyn Cusick
Accounting I Syllabus
Assignments
 Work Together Problems
 On Your Own Problems (as
determined by instructor)
 All Chapter Application Problems
 Chapter Mastery Problem
 Chapter Challenge Problem (as
determined by instructor)
 Chapter Test
*Chapter problems will use the general
journal approach rather than special
journals.
 Work Together Problems
 On Your Own Problems (as
determined by instructor)
 All Chapter Application Problems
 Chapter Mastery Problem
 Chapter Challenge Problem (as
determined by instructor)
 Chapter Test
*Chapter problems will use the general
journal approach rather than special
journals.

Work together Problem 14-4 & 145
 On Your Own Problems 14-4 & 14-5
 Application Problems 14-3, 14-4,
14-5
*Chapter problems will use the general
journal to record adjusting entries
rather than a worksheet
 Work Together Problems
 On Your Own Problems (as
determined by instructor)
 All Chapter Application Problems
 Chapter Mastery Problem
 Chapter Challenge Problem (as
determined by instructor)
 Chapter Test
 Chapter 9 Mastery Problem
 Chapter 10 Mastery Problem
 Chapter 17 Application Problem 2 &
3
Page 4
4th 9 weeks
Chapter
19—
Accounting for
Inventory



Content
Determining the quantity of merchandise inventory
Determining the cost of merchandise inventory using
LIFO, FIFO, Weighted-Average, and Specific Identification
Estimating merchandise inventory using perpetual
inventory method







20—
Accounting for
Notes and
Interest





Promissory notes
Notes payable
Notes receivable




21—
Accounting for
Accrued
Revenue and
Expenses




Accrued revenue
Accrued expenses




Computerized
Accounting




Semester Final
Projects
Determining cost of inventory using FIFO, LIFO, and
Weighted-Average Inventory Costing methods
Journalize notes payable transactions
Journalize notes receivable transactions
Journalize and post entries for accrued interest revenue
and expenses
Enrichment projects can be assigned if time permits.
Assignments can include but not limited to: careers, current
events, professional writing, oral presentations, digital
presentations, podcasting, and blogging. Evaluation for these
assignments will be based upon the BCIT department rubrics.
Mrs. Carolyn Cusick
Accounting I Syllabus






Assignments
Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Specific Identification
supplemental problem
Chapter Test
Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Chapter Test
Work Together Problems
On Your Own Problems (as
determined by instructor)
All Chapter Application Problems
Chapter Mastery Problem
Chapter Challenge Problem (as
determined by instructor)
Chapter Test
Chapter 19 Mastery Problem
Chapter 20 Application Problem
20-2
Chapter 20 Mastery Problem
Chapter 21 Mastery Problem
Administer Semester 2 Final
Page 5
III.
Learning activities:
Demonstration, reading/lecture, cooperative learning, practice, conferencing, supplemental problems,
interviewing and research
IV.
7 Rules of Leadership:
Be Your Best
Seek Clarity
Share the Air
Leader Time
Whoop! Shut it
Down!
Home Sweet
Home
Have Fun!
V.
Evaluation:
Students will be evaluated based upon daily classroom activities such as daily assignments, problem/objective
tests, and oral presentations and writing samples. Semester grades are weighted as follows: 90% daily work and
evaluations, 10% Final.
VI.
Assignments & Materials:
All daily assignments must be submitted on the prior day of a test. Otherwise, 0 points will be earned for that
assignment. All work must be completed 5 days prior to the last day of the 9 week period.
Materials include:
Multicolumn Journal, Century 21 Accounting 8E, by Claudia Bienias Gilbertson, CPA; Mark W. Lehman, CPA;
Kenton E. Ross, CPA
South-Western Accounting with Peachtree Complete 2005, by Carol Yact
VI.
Make-up Work:
The responsibility for making up missed homework, assignments, tests, projects, etc., is strictly up to the
student. Following a legal absence from class, the student must make arrangements with the teacher to
complete missed work. Students will be allotted one day for every day of absence to complete missed
assignments up to a maximum of two weeks. Students who do not complete the assigned work within the
allotted time period will receive a failing grade for work not completed. If the student has extended or recurring
absences, or there are extenuating circumstances, the situation will be treated individually.
Mrs. Carolyn Cusick
Accounting I Syllabus
Page 6