Accounting 1
Class Syllabus
Accounting I
Overall Class Objective: TSW gain knowledge of the basic accounting concepts and practices for an entry level accounting position.
Topic Covered (Objectives):
Accounting for a Service Business Organized as a Proprietorship
1. Starting a Proprietorship: Changes that Affect the Accounting
Equation
2. Analyzing Transactions into Debit and Credit Parts
3. Recording Transactions in a General Journal
4. Posting from a General Journal to a General Ledger
5. Cash Control Systems
6. Work Sheet for a Service Business
7. Financial Statements for a Proprietorship
8. Recording Adjusting and Closing Entries for a Service Business
Accounting for a Merchandising Business Organized as a
Corporation
9. Journalizing Purchases and Cash Payments
10. Journalizing Sales and Cash Receipts Using Special
11. Journals Posting to General and Subsidiary Ledgers
12. Preparing Payroll Records
13. Payroll Accounting, Taxes, and Reports
14. Distributing Dividends and Preparing a Worksheet for a
Merchandising Business
15. Financial Statements for a Corporation
16. Recording Adjusting and Closing Entries for a Corporation
Materials:
1. Books – Handed Out
2. Workbooks –Handed Out
3. Simulations – Handed Out/Done in Class
4. Notebooks
a. I would like you to have a separate notebook/folder for this class
. You will be handed back papers that you will need to keep track
- f. You should also be taking notes.
5. Calculators
You will need a calculator that will do simple calculations. It doesn’t have to be anything fancy.
6. Pen and Pencil
a. Most of your work will be done in pen.. Make sure you have two pens of the same color. Once you start something in one color you should finish it in the same color.
Grading:
I grade on a point system with test, quizzes, and simulations being given a higher point value.
Participation and cooperation are required. This is very important because you will be working in groups and cooperation is critical to your learning. These will be taken into consideration when figuring grades.
