Accounting 2

FATHER JUDGE HIGH SCHOOL 215-338-9494 - Ext: 2046 or 267-888-6433 COURSE NUMBER:

637-01

COURSE TITLE:

Accounting 2

INSTRUCTORS:

Gene Carboni – gcarboni@fatherjudge.com

TEXT:

Accounting, by Horngren, Harrison, & Bamber, 6th Ed. Publisher: Prentice Hall

SOFTWARE /WEBSITES: http://schoology.com Prentice Hall General Ledger Version http://www.principlesofaccounting.com/ Mr. Carboni’s YouTube Channel - http://bit.ly/mUqZ6Q Google Docs, Gmail, Online Automated Accounting Software COURSE OUTLINE: This course will focus on underlying theory and current practice of financial accounting for the sole proprietorship and corporations. It will include the fundamentals of the accounting process, analysis of transactions, and the preparation of financial statements. This course will enhance the student’s ability to handle all aspects of accounting functions, including inventory control, depreciation, notes and accounts receivable, and control of cash. Students will utilize computerized spreadsheets to solve problems.

COURSE OBJECTIVES: Obtaining a basic understanding of the accounting process and its usefulness in business decision making.

Training in the fundamental principles of recording business transactions and in the techniques for organizing and presenting financial data.

Obtaining a basic understanding of the accounting for partnerships and corporations.

Obtaining an understanding of accounting in a manufacturing environment, including planning, control, and decision making for a manufacturing business Further understanding and analyzing financial statements using financial ratios.

An understanding of financial statements of merchandising and service businesses.

Enhance cognitive and analytical skills through problem solving.

Improve computer skills.

Strengthen communication skills through class discussion.

Provide thought for career selection.

MODE OF INSTRUCTION: Some lecture and discussion of the assigned chapter material will be practiced. For each class questions and problems will be assigned and will be reviewed in class. During and after completing each chapter, problems will be assigned and submitted. Some assignments will be graded.

Computer spreadsheets using Google Docs will be required for completing some problems. A comprehensive computer problem may be completed at the end of the semester. Various web sites and online videos will be other resources used to engage the students in stimulating conversations.

STUDENT RESPONSIBILITIES: Students are expected to attend every class and be prepared with the solutions to assigned problems.

Staying current with the accounting theory in each chapter and the assigned problems is crucial to classroom performance. Students are expected to actively participate in class discussions with meaningful contributions. Students are required to use an Google Docs for their assignments.

Graded Assignments will not be accepted after the problems have been reviewed in class.

GRADING: Tests, Lab Assignments, Projects, Class Readiness, Homework and Quizzes are all an equal part of the Quarter Grade.

Final Grades are derived by taking 45% of each Semester and 10% of the Final Assessment.

AGENDA Topic

Chapter

Accounting and Its Environment

1

Recording Business Transactions

2

The Adjusting Process

3

Completing the Accounting Cycle

4

Merchandising Operations

5

Merchandise Inventory

6

Accounting Information Systems

7

Internal Control and Cash

8

Accounts and Notes Receivable

9

Plant Assets, Intangible Assets, and Related Expenses

10

Current Liabilities and Payroll

11

Partnerships and Corporations

12

Characteristics and Formation

13

Treasury Stock, Stock Dividends, and Stock Splits

14

Long-Term Liabilities

15

Cash Flow Statement

17

Financial Ratios & Analysis

18