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Career & Technology

Accounting Basics


Description
Students will be introduced to Accounting Basics.
* Learning vocabulary
* Applying math skills to the accounting formula: Assets = Equity + Liabilities
* Learning about and how to record different types of transactions
* Learning about different types of businesses and then applying to the type of business they hope to have.
Content
  • Introductory Information
  • Course Plan for Accounting Basics
  • Final Project and Rubric
  • Course Expectations
  • Resources Used for Accounting Basics
  • Glossary
  • Week 1 - What is Accounting
  • What do you know about Accounting? Vocabulary
  • What is Accounting? Read.
  • Accounting Equation Introduction
  • Read: 1-b-The_Accounting_Equation .
  • Basic Terms
  • Week 2
  • Read 1-c-Assets
  • Check Up Questions
  • Read: 1-d-Liabilities
  • Check-up Questions
  • Read: 1-e-Owners_Equity
  • Check Up Questions 3,4
  • Week 3
  • Check-Up Questions 5-7
  • Check-Up Questions 8-9
  • Read: 1-f - Financial Position
  • Check-Up Question - 10
  • 7 Baby Steps Applied to a Business
  • Week 4- Catch-Up and Application
  • Vocabulary
  • Catch-Up / Application Chapter 1
  • Week 5 - Transactions and Double-Entry System
  • Read: Double Entry System on Accounting Coach
  • Read 2-a-Transactions
  • Check-Up Questions 1,2
  • Read 2-b- Income, Expenses, Profit.pdf
  • Check-Up Question - 3
  • Read: 2-c- Income.pdf
  • Check-Up Question - 4
  • Read: 2-d-Income on Credit.pdf
  • Check-Up Question - 5
  • Week 6
  • Read: 2-e-Expenses.pdf
  • Check-Up Question - 6
  • Read: 2-f-Expenses on Credit.pdf
  • Check-Up Questions - 7-8
  • Chapter 2 9-10.pdf
  • Check-Up Questions - 9
  • Chapter 2- 11-12.pdf
  • Check-up Questions 10 and 12
  • Check-Up Question - 11
  • Week 7 - Catch-Up and Application
  • Vocabulary
  • Catch-Up / Application Chapter 2
  • Week 8 -Debits and Credits
  • Read: 3-a Another Viewpoint.pdf
  • Check-Up Question - 1
  • Read: 3-b Five Elements.pdf
  • Check-up Question - 2
  • Read: 3-c- Credit, Debit, Huh.pdf
  • Check-Up Question - 3
  • Read: 3-d Applying Debits and Credits.pdf
  • Check-Up Questions - 4-6
  • Read: Income Statement on Accounting Coach
  • Week 9
  • Read: 3-e Income.pdf
  • Check-Up Questions - 7-8
  • Read: 3-f Expenses.pdf
  • Check-Up Questions 9-10
  • Chapter 3 - 11.pdf
  • Check-Up Question -11
  • Chapter 3 -12.pdf
  • Check-Up Question -12
  • Week 10 - Catch-Up and Application
  • Read - Accounting Basics
  • Vocabulary
  • Catch-Up / Application Chapter 3
  • Week 11- The Accounting Cycle
  • Read: 4-a Accounting Cycle.pdf
  • Check-Up Question -1
  • Read: 4-b Source Documents.pdf
  • Check-Up Question - 2
  • Read: 4-c Journals.pdf
  • Check-Up Question - 3
  • Week 12
  • Read: Statement of Cash Flows from Accounting Coach
  • Read: 4-d The Different Journals.pdf
  • Chapter 4 - 6.pdf
  • Check-Up Question -4
  • Check-Up Question -5
  • Check-Up Question - 6
  • Week 13
  • Read: Balance Sheets- Assets on Accounting Coach
  • Balance Sheet - Liabilities from Account Coach
  • Read: 4-e Drawing up a T-Account.pdf
  • Chapter 4 - 6.pdf
  • Week 14 - Catch-Up and Application
  • Sample Transactions on Accounting Coach
  • Vocabulary
  • Catch-Up / Application Chapter 4
  • Week 15 - Accounting Reports
  • Read: 5-a-The Trial Balance.pdf
  • Check-Up Questions - 1-2
  • Check - Up Questions -3
  • Check-Up Question 3
  • Check-up Question Chapter 4
  • Check-Up Question 4
  • Read: 5-b-The Income Statement.pdf
  • Check-Up Question 5
  • Check-Up Question - Chapter 6
  • Check-Up Question - 6
  • Vocabulary
  • Check-Up Question - 7, 8
  • Check-Up Questions 7,8
  • Read: 5-c-The Statement of Changes in Equity.pdf
  • Week 16
  • 5-d-Balance Sheet.pdf
  • Read: 5-e Cash Flow Statements
  • Chapter 5-9.pdf
  • Check-Up Question 9
  • Chapter 5-10
  • Check-Up Question - 10
  • Chapter 5 - 11.pdf
  • Check-Up Question - 12
  • Week 17 - Catch-Up and Application
  • Vocabulary
  • Catch-Up / Application Chapter 5
  • Week 18 - Inventory
  • Read: 6-a-What is Inventory
  • Vocabulary
  • Check-Up Question - 1
  • Read: 6-b-Trading & Manufacturing Businesses
  • Check-up Questions 2,3
  • Read: 6-j-Manufacturing Cost Statement
  • Week 19
  • Read: 6-c-Valuing Closing Inventory.pdf
  • Read: 6-d-Sales, Cost of Goods Sold, Gross Profit
  • Check-Up Questions - 4,5
  • Week 20
  • Read: 6-e-Returns and Freight
  • Read: 6-g-Income Statements - Perpetual vs. Periodic
  • Chapter 6-6 Check-Up Question
  • Read: 6-i-Manufacturing Businesses
  • Week 21
  • Chapter 6-7 & 8 - Check Up Question (begins at bottom of first page)
  • Chapter 7-1-11 - Check-Up Questions (find 9-11)
  • Check-Up Question - 7
  • Check-Up Question - 8
  • Week 22
  • Chapter 7-1-11 - Check-Up Questions (find 9-11)
  • Check-Up Question - 9
  • Check-Up Question - 10
  • Check-Up Question - 11
  • Week 23
  • Chapter 7-12 - Check-Up - 12
  • Check-Up Question 13
  • Check-Up Question - 14
  • Vocabulary
  • Catch-Up / Application Chapter 6
  • Week 24 - Other Accounting Issues
  • Read: 7-a-Bad Debts
  • Check-Up Questions 1,2
  • Read: 7-b-Provision for Bad Debts
  • Check-Up Questions - 3,4
  • Week 25
  • Read: 7-c-Depreciation
  • Read: 7-d-Recording Depreciation Methods
  • Check-Up Questions 5-6
  • Check-Up Questions -7,8
  • Week 26
  • Read: 7-f-Selling Depreciable Assets
  • Check-Up Question - 9
  • Check-Up Questions 9-11
  • Read: 7-g-Cash and Bank
  • Check-Up Question - 12
  • Check-Up Question - 13
  • Check-Up Question - 14
  • Check-Up Question - 15
  • Week 27
  • Read: 7-h-Prepaid Income and Expenses
  • Chapter 16-17
  • Check-Up Question - 16-17
  • Check-Up Question - 16
  • Check-Up Question -17
  • Week 28
  • Read: 7-i-Closing Entries
  • Chapter 7-18
  • Check-Up Question - 18
  • Week 29
  • Chapter 7-19-20
  • Check-Up Question - 19,20
  • Week 30
  • Final Vocabulary
  • Catch-Up / Application Chapter 7
  • Week 31
  • Final Project
  • Final Project: Report on Progress
  • Week 32
  • Final Project: Report on Progress
  • Week 33
  • Final Project: Report on Progress
  • Week 34
  • Final Project: Report on Progress
  • Week 35
  • Final Project: Report on Progress
  • Week 36 - Catch-Up and Final Project Due
  • Submit Final Project
  • Check-Up Question - 6
  • Check-Up Question -5 (clone)
  • Check-Up Question -5 (clone)
Completion rules
  • All units must be completed
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