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Accounting 1 - 1st Semester Syllabus


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Meredosia-Chambersburg High School

Course Syllabus – Accounting 1


Course Information

Teacher Information

Credit Hour:  .5

Name: Mr. Shupe

Marking Period: First Semester

Phone: 217.584.1291


E-Mail: jshupe@mcsd11.net




Course Description

This course defines accounting objectives and their relation to business. The student will be taught the fundamental principles of accounting and be trained in the bookkeeping function of many basic accounting procedures. These basic procedures include journal entries, posting to ledgers, managing a business checking account, preparing financial statements, and completing the accounting cycle. The complete accounting cycle will be covered for a service business organized as a proprietorship.


Course Competencies/ Learning Objectives

Students who successfully complete Accounting 1 will be able to:

  • Define basic accounting terminology.
  • Write the accounting equation.
  • Identify accounts as Assets, Liabilities, Owner’s Equity, Revenues, or Expenses.
  • Analyze business transactions to determine the transactions effect on the accounting equation.
  • Understand the purpose of a T-account and its parts.
  • Identify whether account’s normal balance is a debit or credit.
  • Understand the purpose of a general journal.
  • Journalize business transactions in a general journal.
  • Understand source documents (checks, receipts, memos, invoices, etc.)
  • Distinguish between selling on account (Accounts Receivable) and selling for cash.
  • Distinguish between buying on account (Accounts Payable) and buying with cash.
  • Distinguish between an expense and an owner’s withdrawal of assets for personal use.
  • Understand the purpose of the general ledger.
  • Post transactions from the general journal to the general ledger.
  • Understand the purpose of the post reference columns in the general journal and general ledger.
  • Understand the purpose of an accounting work sheet. 
  • Complete the trial balance columns on the work sheet.
  • Analyze adjustments and complete the adjustments columns on the worksheet.
  • Complete the income statement and balance sheet columns on the worksheet.
  • Journalize and post adjusting and closing entries.
  • Prepare a post-closing trial balance.
  • Create a balance sheet.
  • Create an income statement.
  • Endorse checks using blank, special, and restrictive endorsements.
  • Complete a check stub and a check.
  • Complete a bank reconciliation form and journalize necessary entries.
  • Complete a petty cash form and journalize necessary entries.

Student Evaluation

The grading system for Accounting 1 is based on total points. The assessments will be participation, classwork, homework, projects, and tests.


Attendance Policy

The attendance policy stated in the school’s handbook will be followed.

Classroom Expectations

  1. Arrive to class on time
  2. Be prepared
  3. Respect your classmates and teacher
  4. Give your all, all the time
  5. Be responsible for your actions
  6. No eating, drinking, cell phones, or iPods permitted in the classroom

Classroom Level Consequences

Students not following classroom/district rules may receive the following consequences from Mr. Shupe):

  • Verbal Warning                              
  • Change of seat assignment
  • Before or After School Detention

Class Requirements

If you are absent, it is YOUR responsibility to make up the assignments and/or tests when you return.  You may check the parental portal to check your grades and missing assignments.


Plagiarism, Cheating, and Academic Integrity

Plagiarism is the practice of copying words, sentences, images, or ideas for use in written or oral assessments without giving proper credit to the source. Cheating is defined as the giving or receiving of illegal help on anything that has been determined by the teacher to be an individual effort. Both are considered serious offenses and will significantly affect your course grade.



A combination of class discussion, teacher guided activities, independent activities, and tests will be used in this course. Grades will be determined by the satisfactory and timely completion of assignments. The grade of each assignment is based on the prerequisite given for each assignment. Below is an overview of topic/ units for this course. Please note these topics are subject to change.



  • Starting a proprietorship
  • Starting a proprietorship: Changes that Affect Owner’s Equity
  • Analyzing transactions into debit and credit parts
  • Recording transactions in a general journal
  • Posting from a general journal to a general ledger
  • Cash control systems
  • Work sheet for a service business
  • Financial Statements for a proprietorship
  • Recording adjusting and closing entries for a service business