Bishop Strachan School

        3A Accounting
        Session #1: Course Outline

        *NOTE: All dates are approximate and are subject to change.

      • Date: July 4

        Topic #1: Establishing the Accounting Equation.
        References: text, chapter #1, pages 1-9; class notes

        Topic #2: Introducing the Balance Sheet.
        References: text, chapter #2, pages 15-27 ; class notes

        Case #1: Case Study #1
        References: text, chapters #1 & 2


      • Date: July 5

        Topic #3: Analyzing business transactions.
        References: text, chapter #3, pages 49-59; class notes

        Topic #4: Exploring the account and the ledger.
        References: text, chapter #4; pages 79-83

        Topic #5: Analyzing debit and credit theory.
        References: text, chapter #4; pages 83-101
        Note: Test on chapters #1, 2, 3, and 4 next class


      • Date: July 6

        Test 1: * PRACTICE TEST on chapters 1, 2, 3 and 4  
        Reference: review sheet

        Topic #6: Expanding the Owner's Equity section of the ledger
        References: text, chapter #5, pages 124-131

        Topic #7: The Journal and Source Documents
        Reference: text, chapter #6; pages 167 - 185

        Topic #8: Provincial Sales Tax
        Reference: text, chapter #6; pages 190 - 193

         

      • Date: July 7

        Topic #9: Goods and Services Tax
        Reference: text, chapter #6; pages 196 - 202

        Topic #10: Posting to the ledger
        Reference: text, chapter #7; pages 222 - 232

        Topic #11: Analyzing financial data - the common-size Income Statement
        Reference: text, chapter #7, pages 242 - 243

         

      • Date: July 8

        Topic#12: the six-column worksheet
        Reference: text, chapter #8, pages 264 - 272

        Topic #13: formal financial statements (the Income Statement and related Balance Sheet)
        Reference: text, chapter #8, pages 276 - 285; and pages 280 - 285

        Review: review of chapters 5, 6, 7, and 8
        Reference: text, chapters 5, 6, 7, and 8

         

      • Date: July 11

        Test #2: SELF-TEST on chapters 5, 6, 7, and 8  
        Reference: text, chapters 5, 6, 7, and 8

        Case 2: Case Study - Why doesn't Net Income equal cash?
        Reference: web case study

        Topic #14: Simple adjustments: prepaid expenses; late purchase invoices
        Reference: text, chapter #9, pages 303 - 319

        Case #3: Complex adjustments: accrued expenses, accrued revenues
        Reference: web lesson; class notes

         

      • Date: July 12

        Topic #16: Closing entries
        Reference: text, chapter #9, pages 329 - 340

        Topic #17: Adjusting for depreciation
        Reference: text, chapter #9, pages 343 - 351
        Note: Quiz on chapter 9 next class

        Topic #18: Subsidiary ledger theory
        Reference: text, chapter #12, pages 501 - 510

        Case #4: Case Study: Correcting a Mistake Made When Closing the Ledger.

         

      • Date: July 13

        Test #3: * Self Test on chapter #9   
        Reference: text, chapter #9

        Topic #19: Introduction to the Merchandising Business - Cost of Goods Sold
        Reference: text, chapter #11, pages 423 - 428

        Topic #20: Analyzing Transactions and Closing Entries for the Periodic Inventory System
        Reference: text, chapter #11, pages 423 - 428

      • Date: July 14

        Topic #21: Analyzing Transactions and Closing Entries for the Perpetual Inventory System
        Reference: text, chapter #11, pages 462 - 465

        Topic #22: Other Merchandising Accounts
        Reference: text, chapter #11, pages 431 - 451

        Topic #23: The Income Statement for a Merchandising Firm
        Reference: text, chapter #11, pages 431 - 465

         

         

      • Date: July 15 - Class to take place at Bishop Strachan School

        Review: Mid-term Exam Review Reference: Review Sheet

         

         

      • Date: July 18 - Class to take place at Bishop Strachan School (for local students)

        ** Mid Term Exam ** Reference: Review Sheet

         

         

      • Date: July 19

        Case #5: Analyzing the effects of an inventory error.

        Review: Review of chapter 11

        Test #4: * Test, chapter 11  
        Reference: text, chapter #11

         

      • Date: July 20

        Topic #25: The synoptic journal
        Reference: text, chapter #12, pages 501 - 536

        Topic #26: The five journal system
        Reference: text, chapter #12, pages 543 - 549

        Topic #27: Cash discounts
        Reference: text, chapter #11, pages 454 - 458


      • Date: July 21

        Topic #28: Statement of Cash Flows
        Reference: web lesson

        Topic #29: Payment Systems
        Reference: text, chapter #10, pages 373 - 378

        Topic #30: Cash Short and Over
        Reference: text, chapter #10, pages 381 - 387

         

      • Date: July 22

        Topic #31: Cash Control - the Bank Reconciliation Statement
        Reference: text, chapter #10, pages 398 - 404

        Topic #32: Cash Control - the Petty Cash Fund
        Reference: text, chapter #10, pages 392 - 395

        Topic #33: Cash Control - Accounting Controls for Cash Expenditures
        Reference: text, chapter #10, pages 397 - 399

        *Research Project:

        Project: Accounting Careers: Corporate Controller; Audit Operations; and Corporate Finance
        Reference: various text references

         

      • Date: July 25

        Review: Review of chapters 10, 11, and 12

        Test #5: UNIT TEST on chapters 10, 11, and 12  
        Reference: text, chapters 10, 11, and 12

        Topic #34: Comparing financial data
        Reference: text, chapter #8, pages 263 - 274

        Topic #35: Simple ratios and percentages
        Reference: text, chapter #13, pages 666 - 670

        Project Continued:

        Project: Researching an accounting career.
        Reference: Internet

         

      • Date: July 26

        Topic #36: Additional ratios and percentages
        Reference: text, chapter #13, pages 674 - 676

        Review: Review for unit test on Chapter #13

        Test #6:  
        Reference: text, chapter 13

        Project Continued:


        Project: Accounting Careers: Chartered Accountant; Certified Management Accountant; and Forensic Accountant
        Reference: various text references

      • Date: July 27 - Class to take place at Bishop Strachan School

        Exam Review: Review Materials
        Reference: Chapters # 5 to 13

      • Date: July 28 - Exam to take place at Bishop Strachan School

        FINAL EXAM
        Reference: Review Materials - Chapters # 5 to 13

      • Date: July 29 - Debriefing take place at Bishop Strachan School

        FINAL EXAM DEBRIEFING


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