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PAGE LAST UPDATED:   09/09/ 2024    1524  HOURS   - 

Note:  Next Semester I will not be teaching Accounting II. 

Also, if Simpson can find a person to Teach Accounting I this semester, they will be teaching the class. 

ACCOUNTING  I - FALL 2024 - check back for updates.

LINK TO MCGRAW

Syllabus   

**Assignment Overviews updated --> 2024 09 07    

                                    prior:  2024 09 02  2024 08 20

Test Preparation including Final. 

Students may bring to class, class quizzes, chapter tests, Class Midterms, and the Final Exam, a reference source consisting of 6 pages in length (on 8-1/2” x 11” standard typing paper - front and back), with notes containing such formulas, notes, etc... as the student deems important. 

This page, should be updated and modified throughout the entire course by each student. Do not wait until the last minute to prepare this sheet. It should be an ongoing work in process by each student.
A simple calculator may be used in class, and during in-class exams. No other electronic devices maybe used. You may wish to bring a small calendar reference for number of days in a month.

Final Preparation:  (assignments will be listed on Mcgraw at the proper time).

STUDY AIDS

Power Points  (BE SURE TO STUDY WITH THE "NOTES VIEW" OPEN):

CH 1        

CH 1 Power Point  Chapter 1 outline - word version - Mcgraw ACCOUNTING EQUATION -  IMAGE (jpg) AND EXPLANATION - HERE
     
Power Point Aids - below   BELOW ARE QUIZZES  WITH SOLUTIONS FROM PRIOR SEMESTER - YOU CAN VIEW THEM AS A LEARNING TOOL:

ZZ-CH 1-1 QUIZ COPY HERE

ZZ CH  1    QUIZ COPY HERE

CH 1 ASSESSMENT COPY HERE

     

CH 2 

CH 2 Power Point Chapter 2 outline - word version - Mcgraw Chapter 2 Demonstration Problem
     
Power Point Aids - below    
     

ACCOUNTING EQUATION -  IMAGE (jpg) AND EXPLANATION - HERE

CH 3

CH 3 Power Point Chapter 3 outline - word version - Mcgraw Chapter 3 Demonstration Problem
    Chapter 3 Assessment Problem #1 with solution
Power Point Aids - below    
     

CH 4

          ACCOUNTING EQUATION -  IMAGE (jpg) AND EXPLANATION - HERE

CH 4 Power Point Chapter 4 outline - word version - Mcgraw Chapter 4 Demonstration Problem
Power Point Aids - below    
Page 27 - Sales without Discounts Page 31 Sales with Returns NOT defective  Page 36 Closing Entries for Merchandisers
Page 29 - Sales with Discounts Page 32 buyer granted allowance for defective goods  
PAGE 37A  MERCH ENTRIES SALES.  GROSS METHOD- DISCOUNTS   Page 21 TRANSPORATION COSTS - PURCHASES FOB SHIP PT / FOB DESTINATION
PAGE 37 MERCH ENTRIES PURCHASES. GROSS METHOD - DISCOUNTS    
Cash Discouts: Supplements

#1 - summary and examples

#2 -T accounts

   
     

 

CH 5    INVENTORIES AND COST OF SALES

CH 5 Power Point   Chapter 5 outline - word version - Mcgraw Chapter 5 Demonstration Problem
Power Point Aids - below    
Fifo-Lifo  Example problem  
Page 5 Goods in Transit Page 32 - Lower of Cost or Market Page 50 Inventory Estimation - Cost Retail Inventory Method
Page 10 Inventory cost methods Fifo flow Lifo Flow   Page 50 A Inventory Estimation Gross Profit Method

CH 6    CASH, FRAUD, AND INTERNAL CONTROL

CH 6 Power Point Chapter 6 outline - word version - Mcgraw Chapter 6 Demonstration Problem
Power Point Aids - below    
Problem & Solution - petty cash Problem & solution - Bank Stmt Reconciliation  
Power Point Aids - below:    
Page 24 - petty cash / short / over page 32- 35 petty cash; set up; reimburse; increase; decrease Page 36 - petty cash short / over

 

CH 7   ACCOUNTING FOR RECEIVABLES:

CH 7 Power Point Chapter 7 outline - word version - Mcgraw Chapter 7 Demonstration Problem
     
Power Point Aids - below    
Sales on Credit - page 5 Credit Card Sales page 7  
Direct Write Off - Bad Debt Page 10 Direct Write Off - Bad Debt Recovery Page 11 Allowance Method - Bad Debts Pages 14 - 19

 

CH 8    ACCOUNTING FOR LONG - TERM ASSETS

CH 8 Power Point Chapter 8 outline - word version - Mcgraw Chapter 8 Demonstration Problem
     
Power Point Aids - below    
     

 

CH 9     ACCOUNTING FOR CURRENT LIABILITIES

CH 9 Power Point Chapter 9 outline - word version - Mcgraw  
     
Power Point Aids - below    

 

CH 10    ACCOUNTING FOR LONG-TERM LIABILITIES

CH 10 Power Point Chapter 10 outline - word version - Mcgraw  
     
Power Point Aids:   Present Value PP page 29 - comparison of tables B1 and B3 to determine PV
  Overview - Bond Disc  / Prem  Present Value  PP page 29
  PP pages 14-17 Bond Discount S/L amortization  Time Value Tables  B1  B2
  PP pages 18-23 Bond Premium S/L amortizationn Time Value Tables B3  B4
  PP page 45 Effective Interest Amortization Bond Discount  
     

CH 11

CH 11 Power Point Chapter 11 outline - word version - Mcgraw Chapter 11 Demonstration Problem
Power Point Aids    
  Issuing Stock pages 13-19  

 

CH 12

CH 12 Power Point Chapter 12 outline - word version - Mcgraw Chapter 12 Demonstration Problem
     

 

 

END - ACCOUNTING I   FALL 2024 

ADDITIONS MADE AS SEMESTER CONTINUES.

Divine Mercy

Jesus, I Trust in You!