Hackensack High School
CP Accounting 1 Syllabus
Course Description
The theoretical foundation and basic accounting terminology are addressed. Students learn the systematic approach necessary to keep accurate financial records, analyze business transactions and prepare the basic financial statements. The balance sheet, income statement, statement of stockholder's equity and the statement of cash flows are presented and discussed in accordance with Generally Accepted Accounting Principles (GAAP). Income tax preparation and financial planning are also taught, along with an introduction to Automated Accounting using accounting software. This is a hands on learning process and students must be prepared to work with professional accounting documents on a daily basis.
Course Objectives / Outcomes / Expectations/ Topics
§ The student will:
§ Learn about accounting careers
§ Understand the 3 main types of business organizations: sole proprietorship, partnership and corporation
§ Starting a small business (corporation)
§ Differentiate between debits and credits
§ Journalize transactions
§ Post to general and subsidiary ledgers
§ Use cash control systems
§ Complete worksheets for a service or merchandising business
§ Complete financial statements
§ Record adjusting and closing entries
§ Journalize purchases and cash payments
§ Journalize sales and cash receipts
§ Prepare payroll records
§ Prepare tax returns for other students
§ Use accounting software on computers
§ Discuss credit cards, checking accounts, financial planning
Learning Expectations
§ Define, analyze, and solve complex problems and communicate results.
§ Study and work productively both independently and in groups.
§ Demonstrate personal and social responsibility.
§ Acquire, apply, integrate, analyze, and synthesize knowledge.
§ Identify and apply appropriate technologies.
§ Take responsibility for career and life choices.
Text and Resources Required
Financial Accounting 12th Edition. McGraw-Hill, Publisher.
Notebook
Calculator
Pencil & Eraser
Grading:
60% Tests
20% Quizzes
10% Homework
10% Class Participation/Behavior
Please Note: Your textbook MUST be covered. You will be held financially responsible for any lost or damaged textbooks.
CP ACCOUNTING 2:
HACKENSACK HIGH SCHOOL
CP ACCOUNTING 2 SYLLABUS
Course Description and Prerequisites:
Prerequisite: CP Accounting 1. Course Description: The purpose of this course is to expand the student’s understanding of and ability in accounting based on what was achieved in CP Accounting 1. This involves a study of special journals, departmentalized accounting, accounting for plant assets, depreciation, inventory, corporation accounting, management accounting, cost accounting and partnership accounting and financial statements for a merchandising business. The course is designed toward the knowledge and skills needed by students preparing for an accounting career after high school.
Course Objectives / Outcomes / Expectations/ Topics
§ The student will:
§ Explore accounting careers (Public, Private, Government)
§ Merchandising activities: perpetual and periodic inventory systems, transactions related to purchases and transactions related to sales.
§ Inventory and Cost of Goods Sold including several cash flow assumptions and valuation methods
§ Taking a physical inventory, inventory shrinkage, write-offs, shipping terms and year-end cut-off procedures.
§ Journalizing transactions to general and subsidiary/special journals
§ Posting general and subsidiary journals to general and subsidiary ledgers
§ Use of cash control systems and other internal control procedures
§ Complete worksheets for a merchandising business
§ Complete financial statements for a merchandising business
§ Record adjusting and closing entries
§ Financial assets: cash and cash equivalents, accounts and notes receivable
§ Plant and intangible assets: acquisition of plant assets, depreciation, disposal of plant and equipment and intangible assets
§ Prepare payroll records
§ Federal and state tax return preparation (continued from CP Accounting 1 course)
§ Use accounting software on computers
§ Discuss credit cards, other forms of debt, checking accounts, bank reconciliations, financial planning
Learning Expectations
§ Define, analyze, and solve complex problems and communicate results.
§ Study and work productively both independently and in groups.
§ Demonstrate personal and social responsibility.
§ Acquire, apply, integrate, analyze, and synthesize knowledge.
§ Identify and apply appropriate technologies.
§ Take responsibility for career and life choices.
Text and Resources Required:
Financial Accounting 12th Edition. McGraw-Hill, Publisher.
Notebook
Calculator
Pencil & Eraser
Grading:
60% Tests
20% Quizzes
10% Homework
10% Class Participation/Behavior
Please Note: Your textbook MUST be covered. You will be held financially responsible for any lost or damaged textbooks.