FINANCIAL ACCOUNTING FUNDAMENTALS Print

COURSE OUTLINE 

Policies

ASSIGNMENTS

All assignments are due at the START of class.
Attending a field trip or sports event? You MUSTsubmit your assignment to the Business Office BEFORE you leave.

TESTS

Unexpected VALID ABSENCE? See you at LUNCH in the Business Office on your FIRST DAY BACK.
FIELD TRIP, SPORTS EVENT or APPOINTMENT? Test arrangements must be made AHEAD OF TIME

IMPORTANT DATES

Jan. 25                    Exam
Jan. 21/22               In-class assignment:  using accounting software 
Jan. 18                    Test:  Chapter 10
Jan. 9                      Homework quiz


Dec. 19                   Quiz:  GAAP application
Dec. 18                   Quiz:  GAAP definitions 
Dec. 14                   Test:  Chapter 12
Dec. 13                   Quiz:  textbook qu's from pg. 516 (open book)
Dec. 7                     ISU Part 2 due @ 4:00
Dec. 4                     Hand in Ch. 9 take-home test
Dec. 4-6                  In-class work periods for ISU Part 2


Thurs. Nov. 29         Quiz:  Depreciation
Wed. Nov. 28           Quiz:  the Accounting Cycle
Thurs. Nov. 22         Annual report scavenger hunt due @ noon
Tues. Nov. 20          Test:  Chapter 8
Fri. Nov. 9                 Test:  Chapter 7 (new date!) and spreadsheets due @ noon
Thurs. Nov. 8           ISU due @ noon 
Thurs. Nov. 1           Test:  Chapter 6


Tues. Oct. 30           Problem:  pg. 203 #7
Mon. Oct. 29            Source documents ROUND TWO!
Fri. Oct. 26               Quiz:  Source documents and journal entries (ROUND ONE!)
Wed. Oct. 24           Test:  Source Documents (open notebook)
Wed. Oct. 17           Test:  Chapter 5
Wed. Oct. 10           Test:  Chapter 4


Fri. Sept. 28             Test:  Chapter 3
Fri.    Sept. 21          Test:  Chapter 1 & 2
Tues. Sept. 11         Group presentations

Lesson Plans

Check here if you were absent from class.
Remember that you are expected to keep up with us.


Monday/Tuesday
Meet in room 510 for in-class assignment

Wednesday
Take up bank rec. assignment (pages 414-416)
ISU and term marks distributed
Work on exam review

Thursday
No class

Friday
Exam!



Monday
Internal Control recap
Cash control note
Review q's 1-8 on p. 404
Exercise 1 on p. 404:  for each situation, identify the problem and the solution (refer to your notes!)

Tuesday
Homework checked/taken up
Read and answer questions for the two articles in your booklet:hand in
Note:  the bank reconciliation

Wednesday
Hand in any remaining questions from yesterday
Recap yesterday's note and complete #3 and 4 as a class

Thursday
Complete the True/False questions at the end of the first Chapter 10 booklet
Complete and submit the two questions at the end of the second Chapter 10  booklet

Friday
Hand in any remaining work from yesterday
Chapter 10 test



Monday
Take up two financial statements from December
Complete remainder of booklet:  submit analysis

Tuesday
Begin final chapter!
New booklet:  Cash Control and Banking:  complete first 3 pages

Wednesday
Take up yesterday's work
Open-book quiz
Note and samples:  Petty Cash
Homework:  p. 395 review q's 1-9

Thursday
Complete and take up remainder of booklet:  petty cash exercises

Friday
The need for internal controls:  shoplifting and dishonest employees
New booklet:  internal controls:  first note



Monday
Group work on GAAP application questions in booklet
Homework:  study definitions for quiz

Tuesday
GAAP quiz:  definitions
Take up yesterday's questions
Begin work on textbook cases (see last page of GAAP booklet)

Wednesday
GAAP quiz:  application
Homework check
Begin work on Financial Statement Analysis:  new booklet
Assignment:  complete analysis for the first 3 pairs of financial statements (18 questions total) for tomorrow

Thursday
Submit assignment from yesterday
Continue work on new booklet:  complete horizontal analysis for the first balance sheet and income statement

Friday
Credit completion day



Monday
Recap Friday's note
Take up homework
Complete #4 and #5 for collection tomorrow

Tuesday
Hand in yesterday's work
Complete p. 516 #1, 3, 5, 6, 8, 12, 13, 14, 18, 23, 24 
Finish the review questions in your booklet tomorrow

Wednesday
Hand in any overdue #4 and #5
Take up yesterday's work
Assignment returned/taken up
Homework:  make sure p. 516 questions are complete for tomorrow's quiz
     AND complete the remaining chart in your booklet

Thursday
Open-book quiz
Take up yesterday's chart
Begin GAAP:  complete the first 3 pages of the new booklet with a partner
Homework:  study for Ch. 12 test tomorrow

Friday
Mark updates distributed
Test
Take up yesterday's work
Discuss/highlight GAAP definitions



Monday
YOU teach the class!  Great job, everyone

Tuesday/Wednesday/Thursday
Hand in take-home test on Tuesday
ISU part 2

Friday
Begin Chapter 12:  New booklet and world's shortest note!
Work on question #6 in booklet:  complete for homework



Monday
Take up remainder of first Ch. 9 booklet
New booklet
Notes and samples:  calculating depreciation
Homework:  complete 2 depreciation problem sheets

Tuesday
Take up homework
Go over depreciation and the financial statements
p. 348 review questions #1-6 and 8
Homework:  p.359 #5 

Wednesday
Quiz: accounting cycle
Self-check homework
Make sure that #5 and #6 are completed for tomorrow

Thursday
Quiz:  depreciation
Journalizing adjusting and closing entries for #5 and #6

Friday
Work on presentations



Monday
Annual report scavenger hunt

Tuesday
Balance sheets returned
Chapter 8 test
Final work period for annual report scavenger hunt:  due on Thurs. @ noon

Wednesday
Begin Chapter 9:  first note and sample (Dennison Delivery)
Complete/show me the first worksheet in your booklet (p. 320 #1)
Homework:  second worksheet in your booklet (p. 320 #2)

Thursday
Homework check
p. 307 all review questions except for #4 and 15        
Journal entries for adjustments: note and samples
Homework: journalize adjustments for yesterday's two worksheets

Friday
Take up homework
Closing entries:  note and samples
p.324 review questions #2-9 
Homework:  complete remainder of booklet for Monday



Monday
ISU returned, taken up
Finish classified balance sheet note
Complete and SHOW ME the first balance sheet (Boat Repair Centre) in your booklet
Homework:  complete the second balance sheet (Stanley Park Enterprises)

Tuesday
Homework check--lunchtime detentions if not done!
ISU Part A, Chapter 7 test and Exel spreadsheets returned/taken up
Complete  review questions p. 275 #1-7

Wednesday
Take up review questions
Take up two balance sheets from Monday
Assignment: complete balance sheets for Ying Lo and Star Delivery (use your Excel worksheets)

Thursday
Yesterday's balance sheets returned for "polishing" and resubmitting
Surprise quiz!
Work on remaining activities in Chapter 8 booklet

Friday
PD day--enjoy your long weekend



Monday
ISU work period #2:  aim to finish the trial balance today!

Tuesday
FInal ISU work period

Wednesday
Meet in room 513 to work on spreadsheets

Thursday
Chapter 8 booklet:  first note and two worksheet exercises
Begin annotating the new balance sheet
Homework:  study for tomorrow's test

Friday
Test
Complete review q's in textbook:   p. 260 #1-10, 13, 14, 15 


Monday
Quiz retake for some
Begin Chapter 7:  note and sample ledger
Activity:  p. 219 #1
Homework:  complete last Friday's assignment for handing in tomorrow

Tuesday
Hand in assignment
Quiz retake for some:  we're getting there!
Take up yesterday's activity
Continue work in chapter 7 booklet:  complete p. 219 #2 (show me)

Wednesday
Take up the assignment submitted yesterday
Forwarding:  note and sample
Locating and correcting errors activity
Homework:  study for tomorrow's test

Thursday
Chapter 6 test
Chapter 7 review questions in textbook (homework check tomorrow!)
ISU introduced

Friday
ISU part 1 begins!



Monday
Complete section review questions #1-23 on p. 173

Tuesday
Take up yesterday's work
Journal entries blitz:  p. 164 #5 and p. 162 #2

Wednesday
Quiz
Complete/peer-mark p. 161 #1

Thursday
Wrap up yesterday's peer marking
Chart:  Source Documents
Activity:  Correcting errors
Homework:  quiz tomorrow on source docs/journal entries

Friday
Quiz
Take up error correction
Complete/hand in p. 164 #6
For Tuesday:  p. 200 #3 (booklet) and new handout



Monday
Hand in Friday's assignment
Work on partnership activity in your group

Tuesday
Progress reports
Hand in any overdue assignments from Friday
Present yesterday's results
Begin Chapter 6:  new booklet nd first note
Homework:  study for Chapter 5 test tomorrow

Wednesday
Test
Homework: section review questions p. 161

Thursday
Homework check
Journal entry sample
Opening entry note and sample
Complete/take up p. 163 #3 
No homework:  enjoy your long weekend!

Friday
PA day--no class



Monday
Enjoy your long weekend!

Tuesday
Friday's homework collected/marked/returned
New booklet:  Chapter 5, part 2
Notes/samples:  Chart of Accounts/Income statement
Complete/take up p. 134 #2, 3 (charts of accounts only)
Homework:  study for tomorrow's test

Wednesday
Test
Homework:  make an income statement for the two trial balances at the back of Chapter 5 booklet 1
     (use the relevant pages in booklet 2--they are labelled!)

Thursday
Test marks distributed
Homework taken up
Work on remaining activities in Chapter 5 booklet #2:  complete for tomorrow

Friday
Test returned/taken up
Homework checked/taken up
Suprise quiz!
Begin work on new handout problem:  due on Monday!



Monday
Test marks distributed
Calculate totals for all t accounts (3 sets) in Chapter 4 booklet
New booklet:  The trial balance
Prepare trial balances for all t accounts in Chapter 4 booklet
Homework:  p. 101 #1, 2

Tuesday
Test and homework taken up
p. 101 #3 completed and marked
Work on p. 111 #5 with a partner

Wednesday
Peer-mark yesterday's question
Complete and submit #6 on p. 111
Work on remaining activities in Chapter 4 booklet

Thursday
Check.take up homework
Debit/credit quiz (surprise?!?)
Begin Chapter 5:  new booklet, first two notes
No homework if you answered the article questions and handed them in today.

Friday
Hand in yesterday's questions about tax evasion
Return/take up #6 on p. 111 from Wednesday
Recording revenue/expenses/drawings:  sample question
Complete/show me p. 124 #1
Complete/hand in p. 126 #3
Complete p. 124 #1-7



Monday
Test marks distributed
Complete sample TA sheet together
Complete/take up first textbook question in your booklet
Homework:  complete remaining 4 questions--two will be collected tomorrow

Tuesday
Test for leadership camp attendees
Homework checked/taken up
Assignment collected/returned
Complete/take up review questions 1-6 (omit #3) on p. 70

Wednesday
Marks distributed
Test/Pascal's questons returned/taken up 
Begin Chapter 4:  new booklet
Complete pp. 82, 83  #1, #2:  set up the accounts only

Thursday
Homework check
Take up homework
Recording transactons in t-accounts:  note and example
Complete remainder of Chapter 4 booklet and hand in today.

Friday
Chapter 3 test 



Monday
Review the balance sheet
Complete/submit the third balance sheet problem in your booklet
Note:  Creditors' Claims
Homework:  p. 27, 28 #1, 2

Tuesday
Take up homework
Work on Ch. 1 & 2 review

Wednesday
Take up review questions
Surprise quiz!
Begin Chapter 3:  first note
Assignment:  Article and questions:  due tomorrow

Thursday
Hand in assignment
Continue chapter 3:  transaction analysis
p. 50 review q's 1-6
pp. 50-53 exercises 1-5

Friday
Test:  Chapter 1 & 2



Monday
Final work period for presentations:  meet in room 513

Tuesday
Meet in our new permanent classroom:  507
Presentations--nice job so far!

Wednesday
Finish remaining presentations
Wrap up notes for Chapter 1
Begin Chapter 2:  new booklet
Homework:  list personal assets

Thursday
Complete/take up first set of exercises in booklet (1, 2, 3, 5, 6)

Friday
Notes: Bookkeeping practices and the Balance Sheet
Complete Paramount Design balance sheet together
Homework:  p. 24-26 #1 and 2


Wednesday
Course outline
Chapter 1 booklet distributed
First note
Homework:  complete "Who Uses Accounting Information?"

Thursday
Take up homework
Articles and questions:  complete/take up
Poster assignment distributed

Friday
Textbooks distributed
Begin work on poster

ISU


ISU COMPONENT #2:  December 4, 5, 6

Catch-up opportunities: December 7, 10, 11 @ lunch in room 512
Absolute due date:  December 11@ 12:00 noon  

***   There are two ISU components:  one at the midterm and one at the end of the course.
***   All work will be completed in class.
***   Avoid late penalties if you are absent by making arrangements to come in and catch up.

Exam



Friday, January 25 @ 8:45 a.m.
Outline       Review       Answer key
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