This syllabus outlines the units and topics to be covered in an Advanced Accounting course at Huntingtown High School. Unit I will review all steps of the accounting cycle. Unit II will cover maintaining and recording transactions for assets, liabilities, and equity, including cash, receivables, investments, inventory, plant assets, liabilities, and stockholder equity. Students will learn various accounting techniques, such as anticipating uncollectible accounts, calculating gains and losses on investments, using different inventory valuation methods, recording asset depreciation, and preparing fiscal year-end financial statements and reports. The grading policy and materials needed will be provided by each individual teacher. Tutoring will be available during flex lunch periods.

1. Advanced Accounting
Syllabus
Huntingtown High School
Unit I – Accounting Cycle
• Review of all accounting cycle steps
Unit II – Accounting for Assets, Liabilities, and Equity
• Maintaining cash information and transactions (not limited to)
1. change fund
2. petty cash
• Accounts Receivable/Notes receivable
1. Anticipating uncollectible accounts
• Accounting for short term and long term investments
1. Investments
2. Selling with gains and/or losses
3. adjusting entries
• Inventory valuations
• Plant Assets
1. Values
2. Depreciation
3. Exchanging, Selling and Discarding
• Recording transactions and adjustments for liabilities
1. current and long term
• Accounting for Stockholder Equity transactions
1. Capital stock
2. Dividends
3. Treasury Stock
• Fiscal year end statements
1. work sheet
2. financial reports
Grading Policy (to be completed by individual teacher)
A variety of assignments will be given in class throughout the year. Because
homework assignments are not commonly made, there will be no make-up allowed
for homework.
Materials Needed
Notebook-spiral or 3-ring binder
Calculator
Tutoring will be available for the course during flex lunch – check the schedule.