MTH342: Accounting

This list is representative of the materials provided or used in this course. Keep in mind that the actual materials used may vary, depending on the school in which you are enrolled, and whether you are taking the course as Independent Study.

For a complete list of the materials to be used in this course by your enrolled student, please visit MyInfo. All lists are subject to change at any time.

Scope & Sequence : Scope & Sequence documents describe what is covered in a course (the scope) and also the order in which topics are covered (the sequence). These documents list instructional objectives and skills to be mastered. K12 Scope & Sequence documents for each course include:

Course Overview

In this course, students with no prior training learn fundamental accounting skills, building an appreciation for the role of accounting in managing a profitable business. They are given an overview of financial, cost, and management accounting; learn the basic concepts, conventions and rules of the double entry system; and practice techniques to analyze ratios from the balance sheet. The concepts of ethics, integrity, and confidentiality are woven in throughout the course. Student complete this course with the skills needed for college accounting courses—essential for Business majors—office work, or managing their own small businesses.

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Course Length

Two Semesters

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Prerequisites

None

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Course Outline

SEMESTER ONE

Unit 1: Course Overview

  • Course Introduction
  • Getting Started
  • Excelling on the Accounting Exam

Unit 2: Introduction to Accounting

  • You and the World of Accounting
  • The World of Business and Accounting

Unit 3: The Basic Accounting Cycle

  • Business Transactions and the Accounting Equation
  • Transactions That Affect Assets, Liabilities, and Owners Capital
  • Transactions That Affect Revenue, Expenses, and Withdrawals

Unit 4: Application of the Basic Accounting Cycle

  • Recording Transactions in a General Journal
  • Posting Journal Entries to General Ledger Accounts
  • The Six-Column Work Sheet
  • Financial Statements for a Sole Proprietorship
  • Completing the Accounting Cycle for a Sole Proprietorship
  • Cash Control and Banking Activities

Unit 5: Accounting for a Payroll System

  • Payroll Accounting
  • Payroll Liabilities and Tax Records

SEMESTER TWO

Unit 6: The Accounting Cycle in 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

Unit 7: Application of the Accounting Cycle in a Merchandising Corporation

  • Adjustments and the Ten-Column Work Sheet
  • Financial Statements for a Corporation
  • Completing the Accounting Cycle for a Merchandising Corporation
  • Accounting for Publicly Held Corporations

Unit 8: Accounting for Special Procedures

  • Cash Funds
  • Plant Assets and Depreciation
  • Uncollectible Accounts Receivable
  • Inventories
  • Notes Payable and Receivable

Unit 9: Additional Accounting Topics

  • Introduction to Partnerships
  • Financial Statements and Liquidation of a Partnership
  • Ethics in Accounting
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K12 Scope & Sequence documents for each course include:

  • Course Overview (as seen above)
  • Course Outline
  • Lesson Time and Scheduling