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Mrs. Johnson
Accounting I
Course Overview
Students are introduced to the fundamentals of keeping financial records usng the double-entry system. Students record business transactions and prepare financial reports for a proprietorship type of service business. The business is presented in a complete accounting cycle covering analyzing transactions, journalizing, posting, petty cash, financial statements, and adjusting and closing entries, while working with simulated business papers. Accounting concepts are introduced using a modern business with owners that students can relate to. The course provides students with a foundation of basic skills and knowledge upon which they can constantly build, both on the job and in advanced study.
Goals:
Define accounting terms related to a service business organized as a proprietorship.
Identify accounting concepts and practices.
Analyze transactions.
Record transactions in a general journal.
Post from a general journal to a general ledger.
Reconcile a bank statement.
Complete a work sheet.
Prepare financial statements.
Record adjusting and closing entries.
Text
Glencoe Accounting -- Real-World Applications & Connections
Grading Policy
Letter grades generally reflect mastery of skills as defined by state Grade Level Expectations and Essential Academic Learning Requirements.
Grades for this course will follow the adopted district high school grading scale:
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A
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4.0
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94 to 100%
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Distinguished
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A-
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3.7
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90 to <94%
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B+
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3.3
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87 to <90%
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Proficient
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B
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3.0
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84 to <87%
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B-
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2.7
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80 to <84%
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C+
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2.3
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77 to <80%
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Apprentice
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C
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2.0
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74 to <77%
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C-
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1.7
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70 to <74%
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D+
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1.3
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67 to <70%
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Novice
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D
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1.0
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60 to <67%
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F
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0.0
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<60%
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There will be no rounding between grade levels.
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Grades will be computed for tests and quizzes (75%), vocabulary, projects, and daily assignments in the workbook and study guides (25%). If a student receives a D or fails a test, they can retake a different version of the test. The highest possible grade a student can receive on the make-up test is 70%
(C-). After getting back a graded test, students have two (2) school days to notify me that they wish to retake the test. Additional problems or teacher assisted material review may be required before retaking a test.
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