Business

An Introduction to Accounting

Teacher: Craig Taylor

Textbook: Accounting – 2007 by Glencoe

In our introductory ½ credit (one semester) business course, students will learn the basics of double entry accounting.  This will include the Basic Accounting Cycle for a Sole Proprietorship and for a Merchandising Corporation.

Topics to be Studied:

Basic Accounting Cycle for a Sole Proprietorship

  • Business Transactions and the Accounting Equation
  • Transactions that Affect Assets, Liabilities and Owner’s Equity
  • Transactions that Affect Revenue, Expenses and Owner’s Withdrawals
  • Recording Transactions in a General Journal
  • Posting Journal Entries to General Ledger Accounts
  • The Six Column Worksheet
  • Financial Statements for a Sole Proprietorship
  • Completing the Accounting Cycle for a Sole Proprietorship
  • Cash Control and Banking Activities

Accounting for a Payroll System

  • Payroll Accounting
  • Payroll Liabilities and Tax Records

The Accounting Cycle for a Merchandising Corporation

  • Accounting for Sales and Cash Receipts
  • Accounting for Purchases and Cash Payments
  • Special Journals: Sales and Cash Receipts
  • Special Journals: Purchases and Cash Payments
  • Adjustments and the 10 Column Worksheet
  • Financial Statements for a Corporation

Completing the Accounting Cycle for a Merchandising Corporation

An Introduction to Business

Teacher: Craig Taylor

Textbook: Introduction to Business - 2005 by Glencoe

In our introductory ½ credit business course, we will study 6 units.

You will be evaluated with Chapter Tests, Unit Tests, Assignments & Projects.

Unit 1:  Economic Activity

  • Economic Activities, Resources and Systems in our World – Textbook Chapters 2, 3, & 4

Unit 2:  Introduction to Business Ownership and Operation

  • Entrepreneurship, Ownership, Business Organization & Leadership – Textbook Chapters 5, 6, 7, 8, & 9

Unit 3:  Environmental Factors Affecting Businesses

  • Global Economy, Government, Money, & Human Resources – Textbook Chapters 10, 11, 12 & 15

Unit 4:  Marketing

  • Consumers and Advertising – Textbook Chapters 13 & 14

Unit 5:  Personal Credit

  • Using available sources of money – Textbook Chapters 25 & 26

Unit 6:  Money Management

  • An Introduction to Accounting – Textbook Chapters 17, & 28
  • Accounting Principles – Other Textbook Sources

Quarterly Evaluation:  Assignments, Tests, Quizzes – cumulative total