Textbook:

Century 21 Accounting: General Journal, 7^th ed textbook and working papers. Southwestern Publishing

Prerequisites: None

Credit value: .5 per semester

Philosophy

And it came to pass, that when he was returned, having received the kingdom, then he commanded these servants to be called unto him, to whom he had given the money, that he might know how much every man had gained by trading.” (Luke 19:15)The Accounting class at Central Christian School will train students to become good stewards of both monetary and non-cash assets as they may be acquired in the field of business. It will also teach students the ethical values associated with business ownership, reporting issues, and the acquisition of debt. 

Major goals

The student will be able to:

1. Recognize the various forms of business ownership and know their advantages and disadvantages.
2. Accurately journalize and post basic accounting entries for both a service and a merchandising business.
3. Prepare a month end worksheet and closing entries.
4. Prepare financial statements such as a Balance Sheet, Income Statement, and Statement of Owner’s Equity.
5. Understand the ethical ramifications involved in financial reporting.
6. Process an employee payroll and become familiar with federal payroll tax reports.
7. Communicate effectively in the business environment.

Grading and Homework/Reading Assignments

Grading is based on in-class participation, accounting practice assignments, short answer assignments, quizzes and tests. Web-based research assignments will be given periodically. Students are responsible for the information in the assigned reading material whether or not the instructor goes over the information in class. In order to prepare students for college level textbooks and scholarly papers, students occasionally will be assigned to read portions of such material.  Students who wish to confirm their current grade may contact the teacher.

Most homework will consist of required reading and the practice of accounting entries and financial statement preparation using the student’s accounting working papers. Homework is due at the beginning of the class period.

Materials and supplies:    Three ring binder with loose-leaf notebook paper, mechanical pencil with .5 lead, pen, (2) three- pronged pocket folders, calculator, clic eraser

All school policies, as delineated in the Student/Parent Handbook, regarding conduct, dress code, and readiness for class are in effect. Students are expected to be in their chairs ready for class when the bell rings. Students are expected to respect the teacher, guests, and each other.

Contact information:         Work Phone: 663-2174

Email: jblanton@centralchristianschool.net