Accounting I

Introduction

Unit 1: 

Accounting Basics

Unit 2:

Journalizing and Posting Transactions

Unit 3:

End of Fiscal Year Documents for Sole Proprietorship

Unit 4:

Specialized Journals

Unit 5:

Payroll Accounting

Unit 6:

End of Fiscal Year Documents for a Merchandising Business

IBCs

Intro - General Business TEKS:

• Professional Standards and Employability Skills – business etiquette, customer service, complaint resolution, ethical and legal issues in business

Chapters 1-2

• Proprietorship: Changes that Affect the Accounting Equation

• Transactions into Debit and Credit Parts

Topics Covered

• Business Activities Change the Accounting Equation

• How Transactions Change Owner’s Equity 

• Using T Charts

• How Transactions Affect Accounts

• How Transactions Affect Owner’s Equity Accounts

Chapters 3-5

• Journalizing Transactions

• Posting to a General Ledger

• Cash Control Systems

Topics Covered

• Recording Transactions

• The Multicolumn Journal

• Transactions Affecting Prepaid Insurance and Supplies

• Transactions Affecting Owner’s Equity and Asset Accounts

• Proving and Ruling a Journal

• Chart of Accounts

• Posting Amounts from a Journal to a General Ledger

• Checking Accounts

• Bank Reconciliation

• Dishonored Checks and Electronic Banking

• Petty Cash

Chapters 6-8

• Work Sheet and Adjusting Entries

• Financial Statements

• Closing Entries and Post-Closing Trial Balance

Topics Covered

• Creating a Worksheet

• Planning Adjustments on a Worksheet

• Completing a Worksheet

• Posting Adjusting Entries

• Preparing an Income Statement

• Preparing a Balance Sheet

• Recording Closing Entries

• Preparing a Post-Closing Trial Balance

Chapters 9-11

• Purchases and Cash Payments

• Sales and Cash Receipts

• Accounting for Transactions Using a General Journal

Topics Covered

• Subsidiary Ledgers

• Controlling Accounts

• Merchandise Purchases 

• Cash Payments 

• Sales on Account 

• Cash and Credit Card Sales 

• Purchases Transactions Using a General Journal

• Recording Sales Transactions 

• Declaration and Payment of a Dividend

Chapters 12-13

• Preparing Payroll Records

• Accounting for Payroll and Payroll Taxes

Topics Covered

• Calculating Employee Earnings

• Determining Payroll Tax Withholding

• Preparing Payroll Records

• Preparing Payroll Checks

• Recording a Payroll

• Recording Employer Payroll Taxes

• Reporting Withholding and Payroll Taxes

• Paying Withholding and Payroll Taxes

Chapters 14-17

• Uncollectible Accounts Receivable

• Adjusting Entries and a Trial Balance

• Financial Statements and Closing Entries for a Corporation

Topics Covered

• Uncollectible Accounts Receivable

• Write-Offs

• Promissory Notes

• Interest Receivable

• Accumulated Depreciation

• Federal Income Tax

• Income Statements

• Stockholders’ Equity

• Vertical Analysis of an Income Statement

• Vertical Analysis of a Balance Sheet

• Horizontal Analysis

• Financial Ratios

• Required Project: 

• Note Card Project

• Required Project: 

• Source Documents

• Required Project: 

• Reinforcement Activity

• Required Project: 

• Merchandise Project

• Required Project: 

• Payroll Activity

• Required Project: 

• Uncollectible Accounts Receivables

Cycle 1:

-Professionalism

-Teamwork

-Problem Solving

127.256 (1)(A) - (C)

127.256  (2)(A) - (C)

127.256  (3)(A) - (E)

127.256  (4)(A) - (E)

Cycle 2:

- Job Seeking Skills

127.256  (3)(F) - (J)

Cycle 3:

-Communication Skills

-Self Management Skill

127.15 (2)(A)

127.15 (2)(B)

127.15 (2)(C)

127.15 (2)(D)

127.15 (2)(E)

127.15 (2)(F)

127.15 (2)(G)

127.15 (2)(H)

127.15 (2)(I)

127.15 (2)(J)

127.15 (2)(L)

Cycle 4:

-Civic and Social Responsibility

127.15 (2)(F)

127.15 (2)(G)

127.15 (2)(H)

127.15 (2)(I)

127.15 (2)(L)