Syllabus & Outline Ø Business Industry Certified Ø Page 6 of 6

COMMERCE & INFORMATIONAL TECHNOLOGY Syllabus & Outline  Business Industry Certified  Page 1 of 6

Course/Grade Level/Credit Accounting Principles/10th-12th/One Cluster Finance Pathway/Course Banking Services/Accounting/Insurance/Corporate Finance Prerequisite Career Preparedness or Business Technology Applications Class Fee $25 Instructor Katrina Smith Planning Block 1st Instructor Email [email protected]

Program Indtroduction (Abstract) Accounting is a one-credit course designed to help students understand the basic principles of the accounting cycle. This course provides a comprehensive introduction to basic financial accounting, including analyzing and recording business transactions, preparing and interpreting financial statements, demonstrating generally accepted accounting principles, and performing banking and payroll activities. The active, structured, and stimulating environment meets students’ maturing needs and sophistication levels and includes many workplace simulations and project-based activities. Coursework focuses on technical skills, basic and specialized business concepts, problem- solving and critical-thinking skills, and effective communication. Information is also provided regarding possible credentialing or certification.

Essential Questions  Why is the violation of copyright laws unethical, who is affected and how will the violation affect the economy?  If the price of gas increases ten percent, what financial statements will be affected and how will this affect a business’s production cost?  Supposing an amount was left off the check stub and the check does not appear on the bank statement, how would the likely amount of the check be found?  What is my annual take-home earnings?  Evaluate the difference between the deductions of a single exemption and an exemption with five deductions.  How does working as a team improve the outcome of a task/assignment?  What are some factors blocking team progress?  How are these issues dealt with?  What steps can be taken to improve teamwork assignments?

Textbook/Resources  Century 21: Accounting. (2009) Claudia Gilbertson and Mark Lehman, South-Western Cengage Learning.  Aplia - computer access for all working papers  Microsoft Excel  Other Resources: Instructor Handouts, appropriate Internet materials, guest speakers, and other appropriate course materials.

Future Business Leaders of America-Phi Beta Lambda (FBLA-PBL) Student Organization/Lab Fee/Club Dues Career and technical student organization, FBLA, is an integral, co-curricular component of each career and technical education course. This organization serve as a means to enhance classroom instruction while helping students develop leadership abilities, expand workplace-readiness skills, and broaden opportunities for personal and professional growth. The goals for this organization is to enhance classroom instruction, develop leadership skills, and provide opportunities for professional growth and service.  Developing individual potential  Increasing knowledge and understanding of an ever-changing society  Serving the school and community through student organization projects.  Dues for FBLA are $10 per year. Students are strongly encouraged to join the student organization FBLA. (Checks should be made payable to: SELMA HIGH SCHOOL). COMMERCE & INFORMATIONAL TECHNOLOGY Syllabus & Outline  Business Industry Certified  Page 2 of 6

Instructional Materials  3-Ring Notebooks  USB Drives for storing assignments  #2 Pencils/Black or Blue Ink pens  Composition notebook  College-rules loose leaf paper  The lab fee is $25 per year.

Student Expectations and Requirements  Student is expected to be punctual, prepared, and positive.  Absolutely NO EATING OR DRINKING in the classroom.  Students are to complete their own work – NO CHEATING!  Students name should be on every paper turned in – no name = trash can.  Students should be persistent in completing course assignments and project endeavors by maintaining a student notebook and/or project notebook.  Follow directions  Only go to assigned websites.  Respect others

Class Consequences 1st: Warning 2nd: Conference with teacher 3rd: Contact parent 4th: Referral

Selma City Schools Nondiscrimination Statement Selma City Schools does not discriminate on the basis of race, color, national origin, sex, disability, or age in its programs and activities and provides equal access to the Boy Scouts and other designated youth groups. The following person has been designated to handle inquiries regarding the non-discrimination policies:

Mr. Arthur L. Capers, Title IX Coordinator Ms. Marchina Harrell, 504 Coordinator P.O. Box 350 2194 Broad Street Selma, AL 36702 Office: (334) 874-1600 Email: [email protected] Email: [email protected]

Assessment/Evaluation

 Grading Scale: o The Selma City School Board of Education mandates that all students be graded on the following scale. Students will earn 2-3 grades per week in each course. Letter Scale Description of Work Grade A 90 -100 Consistently demonstrates an advanced level of quality. B 80 - 89 Consistently demonstrates a proficient level of quality. C 70 - 79 Consistently demonstrates a basic level of quality. D 69 - 60 Work is below basic with limited understanding or comprehension of content area principles. F 59 - 00 Work is below basic with little understanding or comprehension of content area principles. COMMERCE & INFORMATIONAL TECHNOLOGY Syllabus & Outline  Business Industry Certified  Page 3 of 6

 Grading Criteria: Tests...... 45% Class work...... 30% Project/Portfolio/Notebook...... 15% Quiz...... 5% Homework...... 5%  Grading & Attendance Policies: o Attendance is essential to student learning/student achievement. o Students are not automatically awarded zeroes (0’s) for work missed while on suspension. Upon return from suspension, students can make up missed work upon return within 5 days of returning o Policy for Late Work –The penalty will be 1 points for each day an assignment is late without a valid absence. Assignments will not be accepted after the 5th day.  Projects – Culminating Products o Journal o Newspaper Articles o Simulation games o Completed Tax Form o Stock Market Portfolio Game COMMERCE & INFORMATIONAL TECHNOLOGY Syllabus & Outline  Business Industry Certified  Page 4 of 6

Course Outline

First Semester Second Semester Part 1: Accounting for a Service Business Reinforcement Activity 1 – Part B – An Organized as a Propietorship Accounting Cycle for a Proprietorship: End Ch. 1: Starting a Proprietorship: Changes That of Fiscal Period Work Affect the Accounting Equation Part 2: Accounting for a Merchandising Ch. 2: Analyzing Transactions into Debit and Business Organized as a Corportion Credit Parts Ch. 9: Journalizing Purchases and Cash Payments Ch. 3: Journalizing Transactions Ch. 10: Journalizing Sales and Cash Receipts Ch. 4: Posting to a General Ledger Using Special Journals

Ch. 5: Cash Controls Systems Ch. 11: Posting to General and Subsidiary Ledgers Reinforcement Activity 1 – Part A – An Accounting Cycle for a Proprietorship: Ch. 12: Preparing Payroll Records Journalizing and Posting Transactions Ch. 13: Payroll Accounting, Taxes, and Ch. 6: Work Sheet for a Service Business Reports

Ch. 7: Financial Statement for Proprietorship Reinforcement Activity 2 – Part A – An Accounting Cycle for a Corporation: Ch. 8 – Recording Adjusting and Closing Journalizing and Posting Transactions Entries for a Service Business COMMERCE & INFORMATIONAL TECHNOLOGY Syllabus & Outline  Business Industry Certified  Page 5 of 6

Course of Study Objectives – Course Goals Students will be able to:

Technology Ethics

1. Use technologies needed to perform job 9. Distinguish between ethical and unethical functions in the field of accounting. business decisions in the accounting profession. Examples: accounting software, computer numeric keypad, spreadsheets, income tax software Banking and Cash Control Functions

Career Opportunities 10. Apply banking and cash control functions to checks, deposits, reconciliation, petty cash, online 2. Determine career and entrepreneurial and electronic banking, and related journal entries. opportunities, responsibilities, and educational and credentialing requirements related to accounting Payroll Functions professions. 11. Apply payroll functions to employee and Accounting Procedures employer records. Examples: calculating gross pay and deductions, 3. Differentiate among sole proprietorship, journalizing and posting tax and payroll entries partnership, and corporation accounting operations as they relate to service and merchandising Tax Preparation businesses. 12. Demonstrate correct procedures for completing 4. Apply steps of the accounting cycle for service federal, state, and local income tax forms. and merchandising businesses using manual and electronic methods. Generally Accepted Accounting Principles

5. Analyze the accounting equation for the purpose 13. Interpret generally accepted accounting of relating it to the accounting cycle. principles (GAAP). Examples: journalizing and posting transactions, Examples: adequate disclosure, business entity reporting financial statements Leadership 6. Interpret data from a variety of financial statements, including verifying data for business 14. Demonstrate skills in communication, reports and creating charts and graphs for accurate leadership, and teamwork. reporting.  Applying problem-solving and critical-thinking skills to resolve workplace conflict 7. Explain accounting functions of fixed assets and depreciation.

8. Utilize research results to analyze current accounting practices as they relate to service, manufacturing, and merchandising businesses. COMMERCE & INFORMATIONAL TECHNOLOGY Syllabus & Outline  Business Industry Certified  Page 6 of 6

Parental/Guardian Acknowledgement:

To acknowledge that you and your child has had the opportunity to review this Accounting: Syllabus & Outline, and that it is understood what contents will be covered during his/her enrollment in this course, please indicate this by signing in the appropriate spaces provided below.

Please print your names on the top line and affix signatures in the appropriate spaces and date.

Student is to return this portion to the instructor by ______.

Parent/Guardian Signature Date Student Signature Date

Disclaimer: Please note that the instructor will add other materials to enhance student learning experiences. This will be incorporated in the instructor’s lesson plans.

The student will also obtain various skills that shall be positive life-long career applications as he/she pursues gainful employment at the post-secondary level.

In order for him/her to gain appropriate knowledge, skills, and life-long applications while enrolled in this course, they must have a desire to learn and do what it takes to aspire to go to the next level. Without their cooperation, they will hinder the learning experience not only for themselves but for their fellow classmates.

Inappropriate behavior or acts will be dealt with appropriately.