FIN 1 -
Accounting I
Career and Technical Eduation (CTE) Course Description
Career and Technical Eduation (CTE) Course Description
This introductory course will focus on accounting for a service business organized as a proprietorship. This business begins with a cash investment by the owner. All accounting concepts and procedures in this part are described within the context of the accounting cycle so that students can see how each procedure contributes to the overall financial picture of the business.
This introductory course will focus on accounting for a service business organized as a proprietorship. This business begins with a cash investment by the owner. All accounting concepts and procedures in this part are described within the context of the accounting cycle so that students can see how each procedure contributes to the overall financial picture of the business.
Students will have the opportunity to showcase their accomplishments by participating in Business Professionals of America (BPA) Competitions. It is a “hand-on” class and much of the work is completed independently.
Students will have the opportunity to showcase their accomplishments by participating in Business Professionals of America (BPA) Competitions. It is a “hand-on” class and much of the work is completed independently.
Topics Covered
Topics Covered
- Accounting: The Language of Business
- Analyzing Business Transactions
- Analyzing Business Transactions Using T Accounts
- The General Journal and the General Ledger
- Adjustments and the Worksheet
- Closing Entries and the Postclosing Trial Balance
- Accounting for Sales and Accounts Receivable
- Accounting for Purchases and Accounts Payable
- Cash Receipts, Cash Paymanets, and Banking Procedures
- Payroll Computations, Records, and Payment
- Payroll Taxes, Deposits, and Reports
- Accruals, Deferrals, and the Worksheet
- Finalcial Statements and Closing Procedure
- Accounting Principles and Reporting Standards
Course Prerequisites
Course Prerequisites
- Good Work Ethic
Certifications
Certifications
Articulation
Articulation
- Davenport University
- Kellogg Community College
- Language Other Than English: The second credit can be substituted with CTE program completion
- Mathematics: Senior math credit beyond Algebra II (must be taken senior year to count for senior math credit)
- Physical Education & Health: PE/Health credit can be substituted with additional CTE program completion
- Science: One credit of Physics or Chemistry can be substituted with CTE program completion
- Social Studies: One credit of Social Studies (except Govt) can be substituted with additional CTE program completion
- Visual, Performing, and Applied Arts: Credit can be substituted with CTE program completion
Other
Other
- Grades: 9-12
- Length: 1 semester
- Credits: 1/2
Agenda
Agenda