Mrs Barry.  Review Course Outline  Organize Binders  Review Class Procedures & Rules  HOMEWORK: COVER BOOKS & GET SUPPLIES NEEDED.

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Presentation transcript:

Mrs Barry

 Review Course Outline  Organize Binders  Review Class Procedures & Rules  HOMEWORK: COVER BOOKS & GET SUPPLIES NEEDED

What Accounting Career Options are Available to Me The Accounting Equation Analyzing & Recording Transactions for a Service Business—Proprietorship Journalizing Transactions For a Service Business—Proprietorship

Posting Journal Entries to the General Ledger Cash Control Systems-Checking Accounts, Bank Reconciliations, Petty Cash Creating a Work Sheet for a Proprietorship Creating & Analyzing Financial Statements for a Proprietorship End of Fiscal Period Work: Adjusting & Closing Entries & Post Closing Trial Balance

What is a Merchandising Business? What is a Corporation? Using special journals to record transactions for a corporate merchandising business Posting journal entries to a subsidiary ledgers and preparing supporting schedules Preparing Payroll Records—time cards, tax withholdings, payroll checks Record Payroll entries, calculate payroll taxes

What are Dividends and how are they distributed? How to prepare a Work Sheet for a merchandising business organized as a Corporation How to prepare & analyze Financial Statements for a Corporation End of Fiscal Period Work: Adjusting & Closing Entries & Post Closing Trial Balance for a Corporation

Automated Accounting: how to use automated software to complete accounting activities Excel Software: how to use spreadsheet software to complete accounting activities Income Taxes: how to prepare a basic federal, state & local income tax return Final Simulation: use automated accounting software to maintain the financial records of a merchandising business for 1 month—serves as final exam

 Good Attendance is Imperative!  Arrive on Time to Class & Pay Attention—I will teach you what you need to know & we will work through it together!  Ask Questions--others probably have the same question so ask!  Complete Homework—homework reinforces concepts learned in class & becomes part of your assessments & grades—students who do THEIR OWN homework regularly in accounting are more successful!  Keep your papers organized in your binder—a good source for study & doing homework

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