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High Accounting Applications 1

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Pre Requisites

 None required. If taking the course as part of the Finance Program of Study, Digital Information Technology should be taken first.

Description

If you want to own a business one day, take college business courses, or just know how to handle your own personal finances in the future, then accounting is for you! Learning the basics of accounting can help you start and run a business, get a head start in college courses, and teach you how to create a personal budget. In this course, you will build a broad foundation of knowledge and skills in accounting concepts in order to analyze, classify, and record business transactions in a manual and computerized setting (Excel and QuickBooks); prepare financial statements and communicate information to stakeholders; maintain payroll records, and determine proper handling of cash control procedures. This course will focus on transferable skills in communication, ethics, problem-solving, organizational skills, and time management. Throughout the course, you will explore the role of accounting in a global economy and develop employability skills such as proper business etiquette, workplace procedures, and customer service skills.

At the end of the course, you will have the opportunity to take the QuickBooks industry certification exam in order to become a QuickBooks Certified User (QBCU). QuickBooks certification validates that you have the essential knowledge for an entry-level accounting career.

This course is the second course in the Finance program of study in the Finance career cluster.

Segment 1

Module 01: Accounting in Business

  • Ethics
  • Personal Accounting
  • Accounting Cycle
  • Accounting Equation
  • Introduction to QuickBooks

Module 02: Accounting Transactions

  • Debits and Credits
  • Source Documents
  • Journal Entries
  • General Ledger
  • Trial Balance
  • Adjusting Entries

Module 03: Cash Control

  • Fraud Detection
  • Cash Procedures
  • Bank Reconciliations
  • Petty Cash

 

Segment 2

Module 04: Financial Statements

  • Income Statement
  • Statement of Owner’s Equity
  • Balance Sheet

Module 05: Closing Entries

  • Temporary Accounts
  • Income Summary
  • Post-Closing Trial Balance

Module 06: Payroll Accounting and Employment Skills

  • Wages and Taxes
  • Payroll Records
  • Business Etiquette
  • QuickBooks Practice Exam

Microsoft Excel, LearnKey QuickBooks Online Certified User course, and QuickBooks Educator free trial version.

Besides engaging students in challenging curriculum, the course guides students to reflect on their learning and evaluate their progress through a variety of assessments. Assessments can be in the form of practice lessons, multiple choice questions, writing assignments, projects, research papers, oral assessments, and discussions. This course will use the state-approved grading scale. Each course contains a mandatory final exam or culminating project that will be weighted at 20% of the student’s overall grade.***

***Proctored exams can be requested by FLVS at any time and for any reason in an effort to ensure academic integrity. When taking the exam to assess a student’s integrity, the exam must be passed with at least a 59.5% in order to earn credit for the course.