<p>Mount Olive High School Course Syllabus</p><p>Accounting II Honors 2016-17</p><p>Important Note: This syllabus is tentative and is subject to change at the instructor’s discretion.</p><p>Instructor: Dave Silverstein</p><p>Office Hours: After school upon request. Please provide me with at least one-day notice. Note that there will be no after school help during soccer season. Phone Number: (973) 927-2208 ext: 7642 E-mail: [email protected] Room Number: OBR Block Assignment: 5D</p><p>My Teaching Philosophy: My teaching philosophy is to add value to EVERY STUDENT, EVERY DAY. In Corporate America, companies talk about adding value to their products and services. Companies are well aware of the importance of continuous progress. I feel that this approach should be applied in education as well.</p><p>I teach each class with the objective of adding value to every student. Of course, each student has his or her own capabilities, interest and learning style. I feel that it is my role to tailor classes so that each student will benefit in some way. One way that I accomplish this is to gather each student’s objectives and other information at the start of the semester. I then incorporate this information in my lesson plans. During the semester, I gather feedback from the students, and if necessary, adjust my plans immediately.</p><p>I feel that this “student value added” approach will help both my students reach their full potential.</p><p>REQUIRED TEXT: Accounting, Warren, Reeve, Duchac, 24th Ed.</p><p>RECCOMENDED FINANCIAL CALCULATER: Hewlett Packard 17-B II+ Students will be distributed calculators for in-class assignments; however, it is highly recommended that students purchase their own calculator, for they are certain to use them in college and out in the field. Mount Olive High School Course Syllabus</p><p>COURSE DESCRIPTION/COURSE OBJECTIVES: This course will help students to understand Accounting as a powerful economic measurement and information system essential to the business decision-making process. This course will provide the student with an in-depth study of detailed accounting systems, controls and financial reporting.</p><p>TEACHING METHODOLOGIES: 1. Lectures 2.Assigned Reading 3.Hands on cooperative or individual problems 4.Class Discussions 5. Exams</p><p>RESOURCES: In addition to the textbook, students are expected to stay abreast of current business/economic trends. This requirement can be satisfied by reading the Wall Street Journal and/or New York Times business section. These publications are available at the library. The student is also expected to use the Internet, whenever feasible, for research.</p><p>Advice on learning Accounting:</p><p>Accounting is difficult to learn solely from a textbook. It is extremely important that students attend class in order to master the concepts. Of course, if a student misses a class, (s)he is expected to submit any past due assignments the day they return. See the rules and procedures handout. </p><p>If you want to succeed in this course, remember that Accounting is not spectator sport. Many students are able to ace other classes by memorizing facts and restating them on an exam. This strategy will not work with </p><p>Accounting. Think of Accounting as a system that compiles business events. The system then goes to work by applying generally accepted accounting principles to these events. The end result is relevant financial information. No two businesses have the exact same events. It would be impossible to memorize how to account for every single business event. The only way to learn Accounting is to work with and master the system. When you understand the system, you can handle any event, and you will do well in this class. </p><p>Page 2 Mount Olive High School Course Syllabus</p><p>Finally, You Can’t expect to learn Accounting without doing Accounting, any more than you could learn to swim without getting in the water. You have to take an active role, making use of your chief resources: Your instructor, your fellow students, your textbooks, your financial calculators, and the Internet.</p><p>I wish you well with your venture into Accounting.</p><p>ASSESSMENTS 60%: Exams, Quizzes and Classwork Evaluations 10%: Homework Quarterly 30%: Please note the Quarterly will be given during the 2nd and 4th marking periods only.</p><p>COLLEGE LEVEL EXAMINATION PROGRAM (CLEP): At the end of the year, the A2H class sits for the CLEP exam in Accounting Principles. The CLEP is developed and administrated by the College Board. Students with a cumulative grade point average of “B-“ or better are strongly encouraged top sit for the CLEP exam. The CLEP can be substituted for the final. The College Board recommends that passing students be awarded six college credits in basic Accounting. I will mention passing scores in college recommendation letters.</p><p>Page 3 Mount Olive High School Course Syllabus</p><p>COURSE CONTENT/TENTATIVE COURSE SCHEDULE (The time allocated to each will vary) :</p><p>Topic Topic 1 Class Introduction Review of Accounting I</p><p>2 Fundamental Accounting principles and Accruals and Deferrals</p><p>3 Internal Controls, Professional Ethics, and the Sarb Oxley Act</p><p>4 Accounting for Merchandising Businesses</p><p>5 Accounting and the Time Value of money</p><p>6 Cash</p><p>7 Receivables</p><p>8 Inventories</p><p>9 Fixed Assets</p><p>10 Current Liabilities Accounting for Partnerships and LLCs</p><p>11 Accounting for Corporations-Basic concepts </p><p>12 Accounting for Corporations-Intermediate concepts</p><p>Page 4 Mount Olive High School Course Syllabus</p><p>13 Accounting for Bonds</p><p>14 Fair Value Accounting Accounting for Investments</p><p>15 Comprehensive Income Statement </p><p>15 Statement of Cash Flows</p><p>16 Introduction to Financial Analysis</p><p>17 Review for CLEP exam</p><p>Page 5</p>