Fisher CUSD 1 School District Course Syllabus Fisher High School Course Title: Accounting Prerequisites: Junior or Senior Status with a GPA average of a C or higher Teacher: Mrs. Kusman Teacher’s School Telephone Number: (217) – 897-1225 Teacher’s School Email Address: [email protected] Course Description: This course provides information on the recording, summarizing, analyzing and interpretation of financial data. The emphasis of the course is on the basic principles, concepts, and procedures which must be understood to enter the world of business. Basic fundamentals and terminology are stressed and data processing is integrated throughout the course. Simulations are used to emphasize actual business record management. (Credit – 1 unit) Class Objectives: 1. gain a basic understanding of accounting for a service business organized as a proprietorship, merchandising business organized as a corporation, and a merchandising business organized as a corporation-adjustments and valuation 2. complete and explain the purpose of the various steps in the accounting cycle 3. use generally accepted accounting principles to determine the value of assets, liabilities, and owner's equity 4. prepare, interpret, and analyze financial statements using manual and computerized systems for service, merchandising, and manufacturing businesses 5. apply appropriate accounting principles to payroll, income taxation, managerial systems, and various forms of ownership Required Texts: Century 21—Southwestern Multicolumn Journal Accounting 8e Century 21—Southwestern Multicolumn Journal Accounting 8e workbook Required Materials: • calculator • notebook paper • pencil/pen (blue or black only)

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ruler textbook workbook

Methods of Assessment: 1. Lectures: Important material from the text and outside sources will be covered in class. Students should plan to take careful notes, as not all material can be found in the text or readings. 2. Assignments: End of chapter activities will be assigned weekly to reinforce material in the text. Assignments will be chosen at random to be graded, while others will be done together to reinforce the information. 3. Quizzes: Occasional unannounced quizzes will be given to help ensure students stay up with assigned material. 4. Exams: Exams will be given at the end of chapters and units. Content on exams will not always be covered in lecture. It is the responsibility of the student to read the chapter and materials. In specific instances, a review sheet or a study guide will be provided to students to review the material that will be tested over. Not all exams will have a study guide. 5. Participation: Student participation will be graded by the level of class participation and attendance. Grades will be determined using the board-approved grading scale and the following percentages for the course: • Homework/Assignments—35% of grade • Vocabulary—5% of grade • Chapter Questions—5% of grade • Class Participation—5% of grade • Tests/Quizzes—50% of grade Board-Approved Grading Scale: A 93-100 A- 91-92 B+ 89-90 B 84-88 B- 82-83 C+ 80-81

C 75-79 C- 73-74 D+ 71-72 D 67-70 D- 65-66 F 64 and below Failing

Classroom Policies and Procedures: Absences: When you return from an excused absence it is your responsibility to see the instructor for any missed assignments or work. Class time will not be set aside to discuss missed work. You are expected to take tests and quizzes on the day they are scheduled unless you have an excused absence on that day or have missed critical work or discussion due to an extended absence. Special circumstances will warrant special consideration, but you are responsible for communicating with your instructor about the circumstances. Assignments: Homework is expected to be completed by the next day unless otherwise indicated. All assignments are due at the beginning of class on the date due. LATE WORK will be given half credit of the possible points earned and will only be accepted if turned in during the

chapter of study. Late work is due on or before the day of the test at the beginning of the hour. No exceptions will be made. Discipline: Detentions and parent contact will be issued as necessary. Any detention issued must be served within 3 days of the date issued for the length of 20 minutes. Detentions are to be served before or after school, determined by the teacher. Semester Exams: Semester exams will be administered on the day and time schedule. (Exams will not be given early.) All students are required to take the exam, regardless of grade in course, and grade level in school. The exam will be 20% of the semester grade. The semester grade will be set up as follows: 40% 1st Quarter Grade: 2nd Quarter Grade: 40% Semester Exam: 20% Academic Dishonesty: Plagiarism and cheating are serious offenses that are not acceptable and will be dealt with in the proper manner. Classroom Rules: 1. Follow all rules in the student handbook. 2. Be respectful. 3. Be on task at all times. Course Outline: As a student in this course, you will learn the most important topics of Accounting. We will discuss a proprietorship, partnership, and corporation. Each type of business will also discuss the accounting equation, debit and credit parts, journalizing transactions, controlling cash, a work sheet and financial statements. As well as completing activities that are discussed in the textbook, we will complete a simulation that brings all discussed topics together and allows you to practice the complete accounting cycle. The following chapters will be discussed: Part 1—Accounting for a Service Business Organized as a Proprietorship

Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6: Chapter 7: Chapter 8:

Starting a Proprietorship: Changes That Affect the Accounting Equation Analyzing Transactions into Debit and Credit Parts Journalizing Transactions Posting to a General Ledger Cash Control Systems Work Sheet for a Service Business Financial Statements for a Proprietorship Recording Adjusting and Closing Entries for a Service Business

Part 2—Accounting for a Merchandising Business Organized as a Corporation

Chapter 9: Chapter 10: Chapter 11: Chapter 12: Chapter 13: Chapter 14: Chapter 15: Chapter 16:

Journalizing Purchases and Cash Payments Journalizing Sales and Cash Receipts Using Special Journals Posting to General and Subsidiary Ledgers Preparing Payroll Records Payroll Accounting, Taxes, and Reports Distributing Dividends and Preparing a Work Sheet for a Merchandising Business Financial Statements for a Corporation Recording Adjusting and Closing Entries for a Corporation

Part 3—Accounting for a Merchandising Business Organized as a Corporation—Adjustments and Valuation

Chapter 17: Chapter 18: Chapter 19: Chapter 20:

Accounting for Uncollectible Accounts Receivable Accounting for Plant Assets and Depreciation Accounting for Inventory Accounting for Notes and Interest

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