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Accounting 1

Accounting I

Eastland High School

Fall 2016


Teacher:

Mr. Eich

(815) 493-6341

deich@eastland308.com

Prep Hours: 1st and 5th


Materials Needed Each Class:

  1. Laptop

  2. Pen or Pencil

  3. Folder

  4. Paper


Course Overview:

This course is designed to teach accounting terminology and understanding of the debit and credit principles. Recording of commonly used business transactions including payroll, accounts receivable, accounts payable, cash receipts, cash payments, and all other processes related to double entry accounting will be covered. An e-text book and computer program will be used in covering the information and to facilitate learning.

Course Objectives:

1. Students will be able to complete the various stops of the accounting cycle and explain the purpose of each step.

2. Students will be able to determine the value of assets, liabilities, and owner’s equity according to generally accepted principle, explaining when and why they are used.

3. Students will be able to prepare, interpret, and analyze financial statements using manual and computerized systems for service, merchandising, and manufacturing businesses.

4. Students will be able to apply appropriate accounting principles to various forms of ownership, payroll, income taxation, and managerial systems.

Units of Study:

The World of Business & Accounting Accounting Equation & Business Transactions Transactions that Affect Assets, Liabilities, and Owner’s Equity Transactions that Affect Revenue, Expenses, and Withdrawals General Journal & Ledgers Six-Column Worksheet Financial Statements Cash Control & Banking Activities Payroll Accounting Accounting for Sales, Cash Receipts, Purchases, Cash Payments Special Journals Adjustments, Ten-Column Worksheet, and Closing Entries


Grading Policy:


Assignments:

Assignments are both in class and homework. An assignment is anything that is given a grade but does not fall under quiz, test, projects, or participation. All assignments must be turned in by the due date and time to receive full credit.


Quizzes and Tests:

Quizzes may or may not be announced. Tests will always be announced. Tests will be comprehensive and cover material learned in the unit. Students will know ahead of time to prepare accordingly for the test.



Projects:

Projects will be completed either in a group or alone, the teacher will let the students know before the project is started. Projects that are completed within a group will require students to complete their share of the project to receive credit. The group will need to provide proof of who completed what sections of the project for grading. *Example if students are completing a research paper together they can share a file in google docs and it will keep track of who worked on what sections of the paper.


Class Participation:

Students will receive two participation points each class they attend. In order to get both points students need to follow classroom rules, have required materials, be actively engaged during class, contribute your share during group work, and cannot be working on other class material.


RULES:

  1. Be on time! You must be in your seat and ready to work when the bell rings.

  2. Be respectful! Show respect to everyone and everything.

  3. Be prepared! Bring daily-required materials to class every day.

  4. All other school rules and policies are in effect.


IF YOU CHOOSE TO BREAK A RULE:

1st Offense: Verbal warning.

2nd Offense: Detention

3rd Offense: Detention & parental notification.

4th Offense: Automatic referral to Mrs. Burkholder


Make-up Work Due to Absence:

  • YOU are responsible for make-up work after you have been absent from school.

  • If you are absent, you are to always check Schoology to get the assignment.  There will almost always be an electronic version of the assigned homework.  You may also e-mail me to get other information of what you missed when you were gone or to get help with something you do not understand.

  • All missed tests and quizzes can only be made-up before school, after school, or during Learning Lab and NOT during class time.  If you decide to make up a test or quiz, you must allow yourself enough time to complete the whole test in one sitting.


Late Work:

  • Late work is defined as anything turned in after the assignment is due on schoology or I have collected it– even if the work is turned in later that class period, it is still considered late.

  • Late work will be accepted until the day of the test for the given unit.

  • You will receive 75% credit for an assignment turned in anytime within one day after collected and 50% credit for an assignment turned in up until the test for that unit.  


Extra Help:

I will be available before school, after school, or during Learning Lab should you need to see me for extra help.