Basics of Accounting - Accounting Principle 30S

?Accounting Principles 30SCourse Outline 2022-2023Business & Technology DepartmentGeneral Outcomes for ACC30S:Students will be introduced to manual accounting procedures to provide an understanding of the accounting concepts, principles and processes used to complete the steps in the accounting cycle for a service business. These manual accounting procedures are used in a computerized accounting environment on an ongoing basis using Microsoft Excel. Sage Accounting software will be introduced in a progressive way in the course.Course ContentChapter 1—Accounting and Business1.1 What is Accounting?1.2 Why Study Accounting?1.3 Characteristics of Business1.4 Nature of Accounting1.5 Becoming a Professional Accountant1.6 Roles of Accounting1.7 How Accountants Use Computer TechnologyChapter 2—The Balance Sheet2.1 Financial Position2.2 The Balance Sheet2.3 Claims against the Assets2.4 Accounting Standards2.5 A Spreadsheet for Balance SheetsChapter 3—Analyzing Changes in Financial Position3.1 Business Transactions3.2 Equation Analysis Sheet3.3 A Spreadsheet for Transaction AnalysisChapter 4—The Simple Ledger4.1 Ledger Accounts4.2 Debit and Credit Theory4.3 Account Balances and Terminology4.4 Trial Balance4.5 A Spreadsheet for Ledger Account and the Trial BalanceChapter 5—The Expended ledger: Revenue, Expenses, and Drawings5.1 The Expanded Ledger and Income Statement5.2 Equity Transactions and Accounting Principles5.3 Equity Relationships and the Balance Sheet5.4 A Spreadsheet for the Expended LedgerChapter 6—The Journal and Source Documents6.1 The Journal6.2 Source Documents6.3 Sales Taxes6.4 Building a Spreadsheet Model for Sales Tax DecisionsChapter 7—Posting7.1 Posting7.2 Overcoming Errors7.3 Comparing Accounting Software Programs to Manual AccountingChapter 8—Completing the Accounting Cycle8.1 The Adjustment Process8.2 Adjusting Entries and the Worksheet8.3 Preparing the New Fiscal Years8.4 Adjusting for Depreciation8.5 A Spreadsheet for WorksheetsAssessment StrategyAn important component of learning is the assessment and evaluation of student progress and achievement. Therefore, a variety of strategies will be used to assess students and these will include some or all of the following:Practice assignments – These will be assessed as part of the “for” and “as” learning. Teacher observation checklists - These will be assessed as part of the “for” and “as” learning.Projects – These will be assessed as part of the “of” learning. A best of series is offered for students. Quizzes and tests - These will be assessed as part of the “of” learning.Students will be allowed to write make-up tests under the following circumstances: If you miss a test, you will receive a zero grade for that test unless you have emailed me to make me aware of your absence and your parent/guardian has called the attendance line to inform the school of your absence. Once absence has been validated students will be allowed to write the test outside of class time. Grade Breakdown (subject to change)Projects, quizzes and tests make up 85% of the final grade.A final exam is held in class prior to exam week and is worth 15% of the final grade. Important Sitesmelansonaccounting. me in Edsby or emelanson@pembinatrails.caSupplies for classBinder with loose-leaf or notebookPen/Pencil/EraserCalculatorProfessional Behaviour (excerpt from) are expected to treat your classmates and your instructor professionally at all times, both inside the classroom and outside it. Your instructor is expected to do the same. A student who demonstrates a high level of professional in-class behaviour does the following: Arrives on time for class (does not arrive and asks to leave right away, does not leave during class for water/snacks, pack up and/or leave early) Listens – alert, eyes on the speaker, nonverbal signs of attention demonstrated (does not watch the clock, use cell phones, read non-class material, chat with neighbours, etc.) Volunteers – contributes to discussions without being asked Speaks to the issue being discussed Participates in classroom activities with energy and evident enthusiasm ................
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