ACCOUNTING I (9015) Grades 10-12 5 Credits
- Students in Accounting I must have earned a grade of “C” or better in Algebra I or a higher level mathematics course.
Accounting I develops an understanding of the accounting skills needed in the financial management of goods and service businesses organized as sole proprietorships and corporations as well as preparation for accounting or finance in college or as a career. Students will use double-entry accounting principles, journalizing, and posting routine business transactions such as cash receipts, payments, purchases, and sales. Course participants will become familiar with the primary types of business organizations, their relationship to each other, and their distinct service to society. An automated accounting computerized instructional program will be introduced to help students make the transition from manual to computer-based accounting. Business ethics will be covered to focus students’ attention on ethical issues in accounting and in the business environment.
ACCOUNTING II (9016) Grades 11-12 5 Credits
- Students enrolling in Accounting II must have earned a grade of “C+” or better in Accounting I.
Accounting II expands the basic theories learned in Accounting I to focus primarily on corporations. Students will refine their knowledge of basic accounting by learning additional accounting concepts involving uncollectible accounts, depreciation, plant assets, accrued revenue and expenses, and financial reporting for a corporation. An automated accounting computerized instructional program will be utilized to help students make the transition from manual to computer-based accounting.
ACCOUNTING III Honors (9018) Grade 12 5 Credits
- Students enrolling in Accounting III must have earned a grade of “B-“ or better in Accounting II
Accounting III Honors will expand the skills learned in Accounting I and Accounting II and will concentrate on the training necessary for those who expect to study in the fields of business management, accounting, economics, marketing, or business administration at the college level. Current business trends, outlooks, and ethics will be discussed within the framework of the various functions. Students will utilize the accounting software program and focus on a departmentalized merchandising business and eventually, a manufacturing business. Accounting III Honors is part of the Middle College Program at Fairleigh Dickinson University.