SYLLABUS: Accounting III
Students will understand the role of accounting in a business, the accounting cycle for service
and merchandising business, ethics in accounting, careers in accounting, regulation of accounting
practices, and payroll accounting.
The accounting system of a business summarizes data to produce financial information. Accounting
interpretations impact business decisions.
How is accounting information used to impact business decisions? How is accounting information
used to measure success?
Students will utilize systems and technology that record, analyze, interpret, and communicate
1. Accounting Cycle
2. Accounting for Assets, Liabilities, Equity
2.1. Current Assets
2.2. Notes Receivable
2.4. Long Term Assets
2.5. Current Liabilities
2.6. Long-Term Liabilities
2.7. Accounting for Stockholder’s Equity
2.8. Financial Statements for a Corporation
3. Understanding Business Information
3.1. Analyzing Financial Statements
3.2. Statement of Cash Flows
4. Accounting for Partnerships and Not-for-Profits
4.1. Partnership Formation, Dissolution and Liquidation
4.2. Division of Profits and Losses in a Partnership
4.3. Not-for-Profit Budgeting
4.4. Not-for-profit Financial Reporting
5. Special Accounting Systems
5.1. Departmental Accounting Systems
5.2. Branch Accounting
5.3. Internal Controls
5.5. Product Costing
6. Accounting for Business Decisions
6.1. Cost Control
6.2. Cost/Profit Relationship
6.3. Pricing using Cost Data
Accounting Advanced Course, Glencoe 2007 (ISBN: 9780078740381)
MAJOR UNITS OF STUDY:
OFFICE HOURS/EXTRA HELP:
See me to make an appointment. I want everyone to succeed this year in Accounting III, so if you
have any questions, or you feel like you are having a hard time, come see me as soon as possible.
Each course in the Business Department has Essential Assessments that the instructor uses to
measure student achievement of the standards and performance elements as defined by the
Delaware Department of Education. All Essential Assessments must be completed. The final
grade calculation and the grading scale are listed below.
MAKE-UP WORK POLICY:
LATE WORK POLICY:
The Business Department will follow the make-up work policy specified in the Student Code of
Developing personality traits that foster career advancement is a performance indicator that
is integrated into each of the pathways of the Delaware Business Finance and Marketing
In an effort to promote these personality traits, every Essential Assessment will be assigned
a target completion date. Essential Assessments submitted after the target completion date
will not be accepted.
1 GB FLASH DRIVE
1 or 2 INCH 3-RING BINDER
8 TAB DIVIDERS
Students must have all required supplies, including covered textbooks, by September 13.
Parent Information Surveys must be completed and returned by September 13.
LOOSE LEAF PAPER
PENS, PENCILS, ERASERS