Mr. Espinola

• Accounting & Finance 3 Assignments

ACCOUNTING & FINANCE 3 ASSIGNMENTS (subject to change)

Feb 17

cNow online class Chapter 22

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Learning Objectives
• Obj. 1 Describe budgeting, its objectives, and its impact on human behavior.
• Obj. 2 Describe the basic elements of the budget process, the two major types of budgeting, and the use of computers in budgeting.
• Obj. 3 Describe the master budget for a manufacturing company.
• Obj. 4 Prepare the basic operating budgets for a manufacturing company.
• Obj. 5 Prepare financial budgets for a manufacturing company.
• Analysis for Decision Making
• Obj. 6 Describe and illustrate the use of staffing budgets for nonmanufacturing businesses.
• Chapter 22 Problems 1, 3B
• Chapter 22 Problems 4, 6B
• Chapter 22 Study Guide

Feb 10

cNow online class Chapter 15

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Learning Objectives
• Obj. 1 Describe managerial accounting, including its differences with financial accounting, its place in the organization, and its uses.
• Obj. 2 Describe and illustrate the nature of manufacturing operations, including different types and classifications of costs.
• Obj. 3 Describe and illustrate financial statements for a manufacturing business, including the balance sheet, statement of cost of goods manufactured, and income statement.
• Analysis for Decision Making
• Obj. 4 Describe and illustrate utilization rates in evaluating performance for service companies.
• Chapter 15 Problem 1, 3
• Chapter 15 Problem 5B
• Chapter 15 Study Guide

Feb 3

Prep for CTE test

• Take Employability Practice Tests
  • https://cte-escr.org/ Click on WRS Sample Test
  • Go to https://wrs.ctecs.org/practice/ and take the 5 quizzes for WRS (Idaho, Maine, Nevada)
    • Show me your results for credit

Feb 3

cNow online class Chapter 12

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Learning Objectives
  • Obj. 1 Describe the nature of the corporate form of organization.
  • Obj. 2 Describe and illustrate the characteristics of stock, classes of stock, and entries for issuing stock.
  • Obj. 3 Describe and illustrate the accounting for cash dividends and stock dividends.
  • Obj. 4 Describe the effect of stock splits on stockholders’ equity.
  • Obj. 5 Describe and illustrate the accounting for treasury stock transactions.
  • Obj. 6 Describe and illustrate the reporting of stockholders’ equity.
• Analysis for Decision Making
  • Obj. 7 Describe and illustrate the use of earnings per share in evaluating a company’s profitability.
• Chapter 12 Problem 3
• Chapter 12 Problem 4
• Chapter 12 Study Guide

Jan 27

cNow online class Chapter 11

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Learning Objectives
  • Obj. 1 Describe the characteristics and terminology of bonds payable.
  • Obj. 2 Describe and illustrate the accounting for bonds payable.
  • Obj. 3 Describe and illustrate the reporting of bonds payable.
• Analysis for Decision Making
• Obj. 4 Describe and illustrate how the times interest earned ratio is used to evaluate a company’s financial condition.
• Chapter 11 Problem 2B
• Chapter 11 Problem 4B
• Chapter 11 Study Guide

Jan 21

cNow online class Chapter 10

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Objective:
  • Obj.1 Describe and illustrate current liabilities, including those related to accounts payable, accruals, notes payable, and the current portion of long-term debt.
  • Obj.2 Describe and illustrate the accounting for payroll liabilities.
  • Obj.3 Describe and illustrate the accounting for employee fringe benefits, including vacation pay and pensions.
  • Obj.4 Describe and illustrate the accounting for installment notes.
  • Obj.5 Describe and illustrate the accounting for contingent liabilities, including product warranties.
  • Obj.6 Describe the reporting of liabilities on the balance sheet.
  • Obj.7 Describe and illustrate the use of the quick ratio in analyzing a company’s ability to pay its current liabilities.
• Chapter 10 Problem 2B
• Chapter 10 Problem 3B
• Chapter 10 Problem 4B
• Chapter 10 Problem 5B
• Chapter 10 Study Guide

Dec 17

DUE: cNow online class Chapter 6

cNow online class Chapter 7

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Objective:
  • Obj. 1 Describe the Sarbanes-Oxley Act and its impact on internal controls and financial reporting.
  • Obj. 2 Describe and illustrate the objectives and elements of internal control.
  • Obj. 3 Describe and illustrate the application of internal controls to cash.
  • Obj. 4 Describe the nature of a bank account and its use in controlling cash.
  • Obj. 5 Describe and illustrate the use of a bank reconciliation in controlling cash.
  • Obj. 6 Describe the accounting for special-purpose cash funds.
  • Obj. 7 Describe and illustrate the reporting of cash and cash equivalents in the financial statements.
• Chapter 7 Study Guide
• Chapter 7 Basic Exercises 3-5
• Chapter 7 Problems 1-2A
• Chapter 7 Problem 3A
• Chapter 7 Problem 5A

Dec 6

cNow online class Chapter 6

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Objective:
  • Obj. 1 Describe the importance of control over inventory.
  • Obj. 2 Describe three inventory cost flow assumptions and how they impact the income statement and balance sheet.
  • Obj. 3 Determine the cost of inventory under the perpetual inventory system, using the FIFO, LIFO, and weighted average cost methods.
  • Obj. 4 Determine the cost of inventory under the periodic inventory system, using the FIFO, LIFO, and weighted average cost methods.
  • Obj. 5 Compare and contrast the use of the three inventory costing methods.
  • Obj. 6 Describe and illustrate the reporting of inventory in the financial statements.
• Chapter 6 Study Guide
• Chapter 6 Problems 1-2B
• Chapter 6 Problems 3-4B
• Problem 5 Comprehensive Problem

Nov 25

cNow online class Chapter 5

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Objective:
  • Obj. 1 Distinguish between the activities and financial statements of service and retail businesses.
  • Obj. 2 Describe and illustrate the accounting for merchandise transactions.
  • Obj. 3 Describe and illustrate the adjusting process for a retail business.
  • Obj. 4 Describe and illustrate the financial statements and closing entries for a retail business.
• Chapter 5 Study Guide
• Problem 5 5-4B
• Problem 5 Comprehensive Problem

Nov 14

cNow online class Chapter 4

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Objective:
  • Obj. 1 Describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance and financial statements.
  • Obj. 2 Prepare financial statements from adjusted account balances.
  • Obj. 3 Prepare closing entries.
  • Obj. 4 Describe the accounting cycle.
  • Obj. 5 Illustrate the accounting cycle for one period.
• Chapter 4 Test
• Problem 4-2B
• Problem 4-4B
• Problem 4-5B

Nov 6

cNow online class Chapter 3

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Objective:
  • Obj. 2 Describe the nature of the adjusting process.
  • Obj. 2 Prepare adjusting entries for accruals.
  • Obj. 3 Prepare adjusting entries for deferrals.
  • Obj. 4 Prepare adjusting entries for depreciation.
  • Obj. 5 Summarize the adjusting process.
  • Obj. 6 Prepare an adjusted trial balance.Financial Reporting for partnerships
• Chapter 3 Test
• Problem 3-4B
• Problem 3-5B
• Problem 3-6B

Nov 4

cNow online class Chapter 2

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Online Book
• Objective:
  • Obj. 1 Describe the characteristics of an account and a chart of accounts.
  • Obj. 2 Describe and illustrate journalizing transactions using the double-entry accounting system.
  • Obj. 3 Describe and illustrate the journalizing and posting of transactions to accounts.
  • Obj. 4 Prepare an unadjusted trial balance and explain how it can be used to discover errors.
• Chapter 2 Problem 1B
• Chapter 2 Problem 2B

Oct 28

cNow online class Chapter 1

• https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Objective:
  • Obj. 1 Describe the nature of business and the role of accounting and ethics in business.
  • Obj. 2 Describe generally accepted accounting principles, including the underlying assumptions and principles.
  • Obj. 3 State the accounting equation and define each element of the equation.
  • Obj. 4 Describe and illustrate how business transactions can be recorded in terms of the resulting change in the elements of the accounting equation.
  • Obj. 5 Describe the financial statements of a corporation and explain how they interrelate.
• Chapter 1 Problems 1-3B
• Chapter 1 Problem 4B
• Chapter 1 Problem 5B
• Chapter 1 Problem 6B

Oct 28

cNow online class

• Course Key
• Students of this course need to go to the following to enroll.
  • https://k12.cengage.com/portal/Account/LogOn?DistrictLoginCode=97SX
• Student Companion Site 
• ebook for Warren/Jones/Tayler's Financial & Managerial Accounting
• https://ng.cengage.com/static/nb/ui/evo/index.html?snapshotId=994194&id=397298821&eISBN=9781337911993
• Instructor Companion Site - Free materials may include test banks, flashcards, PowerPoint presentations, instructor's manuals, and more.

Oct 14

Chapter 22

• Objective: Financial Reporting for partnerships
• Study Guide
• Problem 1
• Problem 2
• Problem 4
• Problem 6

Oct 10

Chapter 21

• Objective: Accounting for partnerships
• Study Guide
• Problems 1, 4, 5,
• Problem 7

Sep 19

Join Google Classroom

Pretest: Household Credit

• Objective: Increase understanding of the concepts of the economy, banking, investments, and financial markets
• Complete in Google classroom

Aug 27

Chapter 8

• Objective:
• Study Guide
• Problems 1-12

Chapter 9

• Objective:
• Study Guide
• Problems 1-5

Chapter 5

• Objective:
• Study Guide
• Problems 5-6

Chapter 17

• Objective:
• Study Guide
• Problems 7-8

Aug 26 Go over class info.

• Syllabus: parents must send email to respinola@hcsdnv.com for verification of syllabus

.