Accounting B

About This Course

This is the second course in a two-semester Accounting course sequence. This course is a continuation of Accounting A. In Accounting B, students will expand their knowledge of accounting procedures by working within the structure of a merchandising business organized as a corporation. Competency will be exhibited in completing payroll taxes and reports, special journals and other financial statements. Prerequisites:Accounting A

Course Objectives: Upon completion of this course, students will be able to...

• Record purchase and cash payment transactions
• Record sales and cash receipts transactions
• Work with both general and subsidiary ledgers
• Create accounting entries and accounting reports for payrolls
• Build worksheets for depreciation and dividends
• Develop corporate financial statements
• Determine ending fiscal period transactions

Course Outline:

Chapter 09: Recording Purchases and Cash Payment Transactions

Chapter 10: Accounting for Sales and Cash Receipt Transactions

Chapter 11: Accounting for Transactions Using a General Journal

Chapter 12: Preparing Payroll Records

Chapter 13: Accounting for Payroll and Payroll Taxes

Chapter 14: Accounting for Uncollectible Accounts Receivable

Chapter 15: Preparing Adjusting Entries and a Trial Balance

Chapter 16: Financial Statements and Closing Entries for a Corporation

Resources Included: Students are provided access to Cengage Learning's MindTap course content, including Gilbertson. Century 21 Accounting: Multicolumn Journal, 11th ed. © 2019. Student Edition + MindTap with Aplia, ISBN: 9781337870597. Online lesson instruction and activities, opportunities to engage with a certified, online instructor and classmates, when appropriate, and online assessments to measure student performance of course objectives and readiness for subsequent academic pursuits.

Additional Costs: None. Students will access MindTap through LTI integration within the Brightspace LMS. If students encounter any issues in accessing their online materials from Cengage Learning, then they should contact their instructor.

Scoring System: Michigan Virtual does not assign letter grades, grant credit for courses, nor issue transcripts or diplomas. A final score reported as a percentage of total points earned will be sent to students upon completion of a course. Your school mentor is also able to access this score within the Student Learning Portal. Schools may use this score for conversion to their own letter grading system.

Time Commitment: Semester sessions are 18-weeks long: Students must be able to spend 1 or more hours per day in the course to be successful. Summer sessions are 10 weeks long: Students must be able to spend a minimum of 2 or more hours per day, or about 90 hours during the summer, for the student to be successful in any course. Trimester sessions are 12-weeks long: Students must be able to spend 1.5 or more hours per day in the course to be successful.

Technology Requirements: Students will require a computer device with headphones, a microphone, webcam, up-to-date Chrome Web Browser, and access to YouTube.

Ensure that your school or district network and device administrator whitelists online resources relevant to the course in which you are choosing to enroll. Ref., Michigan Virtual Course Whitelist

Please review the Michigan Virtual Technology Requirements.

Instructor Support System: For technical issues within your course, contact the Customer Care Center by email at CustomerCare@michiganvirtual.org or by phone at (888) 889-2840.

Instructor Contact Expectations: Students can use email or the private message system within the Student Learning Portal to access highly qualified teachers when they need instructor assistance. Students will also receive feedback on their work inside the learning management system. The Instructor Info area of their course may describe additional communication options.

Academic Support Available: In addition to access to a highly qualified, Michigan certified teacher, students have access to academic videos and outside resources verified by Michigan Virtual. For technical issues within the course, students can contact the Michigan Virtual Customer Care by email at customercare@michiganvirtual.org or by phone at (888) 889-2840.

Required Assessment: Online assessments consist of formative and summative assessments represented by computer-graded multiple choice, instructor-graded writing assignments including hands-on projects, model building and other forms of authentic assessments.

Technical Skills Needed: Basic technology skills necessary to locate and share information and files as well as interact with others in a Learning Management System (LMS), include the ability to:

• Download, edit, save, convert, and upload files
• Download and install software
• Use a messaging service similar to email
• Communicate with others in online discussion or message boards, following basic rules of netiquette
• Open attachments shared in messages
• Create, save, and submit files in commonly used word processing program formats and as a PDF
• Edit file share settings in cloud-based applications, such as Google Docs, Sheets, or Slides
• Save a file as a .pdf
• Copy and paste and format text using your mouse, keyboard, or an html editor’s toolbar menu
• Insert images or links into a file or html editor
• Search for information within a document using Ctrl+F or Command+F keyboard shortcuts
• Work in multiple browser windows and tabs simultaneously
• Activate a microphone or webcam on your device, and record and upload or link audio and/or video files
• Use presentation and graphics programs
• Follow an online pacing guide or calendar of due dates
• Use spell-check, citation editors, and tools commonly provided in word processing tool menus
• Create and maintain usernames and passwords

Additional Information: None