Welcome to Accounting 11. You have made a valuable choice.
This course will serve you well in your career, no matter what your career is.

Thursday January 28, 2021- We will have our final exam at 9:00 a.m. Please get a good sleep. PLEASE RETURN YOUR TEXTBOOK TO ME OR TO THE LIBRARY.

Wednesday January 27, 2021 - We will use this time for any last minute stuff - catching up, end task, review, etc. YOUR END TASK IS DUE TODAY!

Monday January 25, 2021 - Tuesday January 26, 2021 - We will use this time to finish up the accounting portion of the Monopoly, (which is in a way preparing for the exam). We will also do exam review.

Thurday January 21, 2021 - Friday January 22, 2021 - We will be playing Monopoly. We may pack up in the second half of Friday to start completing the Accounting portion of this assignment.

Wednesday January 20, 2021- We will continue with the depreciation questions from yesterday. Please complete McIntosh Pizza. Also, please also start on Chapter 9 review:
a) Terms
b) Review 1-3 and 6.
c) Comprehensive Exercises 1.
Note: I have removed a few of these questions from earlier posting.
In the second half, hopefully, we will start our Monopoly End Task today. In many ways, this will both "gel" the concepts of the course for you and do a pretty big part in getting you ready for the final exam.

Tuesday January 19, 2021- We will learn the closing entry process... and to do this, we normally l bake a cake...dang Covid... Well, this year we are not allowed, but wie will still talk about yummy chocolate cake when explaining this, but when done, we won't be able to taste it (drawings). Please complete:
1. Review 9.4 Reading
2. 9.4 Review 1, 4-8
3. 9.4 Ex 1-3.
We will look at depreciation. We will study the two methods used and look at all the accounts that are involved with this.
1. Read 9.5 on Depreciation.
2. 9.5 Review 2, 5-7
3. 9.5 Exercises 1, 2, 4-6.
4. If finished, work on McIntosh Pizza to help with your understanding of depreciation.

Monday January 18, 2021- We will have some time to finish up the work from Friday and I will give you an additional Adjusting entry booklet to work on. We will start with a quiz. Then we will look at closing entries. This is the final step in the Accounting Cycle. Please complete:
1. Read pages 321-323 - Section 9.3 – Closing Entries Concepts
2 . Page 324 – Section 9.3 – Review Questions 1-10.
3 . Page 324 – Section 9.3 – Exercises 1-4. *** IN EXERCISE # 2, EQUIPMENT SHOULD BE $1050, NOT $50. *****

Friday January 15, 2021- We will have soem time to finish up the work from yesterday. We will look at We will then look at Adjusting entries and the 8 column worksheet. Please complete:
1. Read 9.2
2. 9.2 Review - 1-6.
3. Exercise 1.

Thursday January 14, 2021- We will start the class with a quiz. We will continue with Chapter 8 review. We will then start Chapter 9. We will look primarily at adjusting entries - Supplies, prepaid expenses, and late-arriving purchase invoices. Please complete:
1. Read/review section 9.1
2. 9.1 Review 1-17.
3. 9.1 Exercises 1-3.We will then look at Adjusting entries and the 8 column worksheet. Please complete:
1. Read 9.2
2. 9.2 Review - 1-6.
3. Exercise 1.

Wednesday January 13, 2021- We will carry on with 8.3. Please finish up exercises 8.3 Ex. 3-6. Then, today's lesson is about accountability in accounting. Please complete:
1. Read 8.4 completely (pages 280-282).
2. 8.4 Review 1-14
3. 8.4 Exercise 1.
4. Please complete a sheet that lists all of the GAAPs and what they mean (try to put things in your own words).
If time permits, we will start the Chapter 8 Review, which is as follows:
1. Terms.
2. Review exercises 2-5.

Tuesday January 12, 2021- We will have a bit of time to finish up 8.2 exercises from yesterday. We will then have a short quiz. We will then learn some assessment tools for the balance sheet today. We will also learn about Working Capital. Please complete:
1. 8.3 Review 1-13.
2. 8.3 Exercises 1-2.

Monday January 11, 2021- We will be starting Chapter 8 today. We will look at the 6 column worksheet and control accounts. Please complete:
1. Read/skim pages 252-259.
2. 8.1 Review 1-16.
3. 8.1 Exercises 1, 2, 4.
In the second half, we will learn about three tools for evaluating companies... They are:
1. Comparison/percentage change.
2. Trend analysis.
3. Common-sized income statement.
Please work on:
1. Read/skim section 8.2
2. 8.2 Review 1-5.
3. 8.2 Exercises 1-5.

Friday January 8, 2021- We will finish up Chapter 7.

Thursday January 7, 2021- We will carry on with Chapter 7 review. I will likely be collecting your chapter 7 workbooks when you get back.

Wednesday January 6, 2021- We will start the Chapter 7 Review:
1. Accounting Terms
2. Review Exercises 1-6 (Easy)
3. Review Exercises 7-8 (Waaaahhhh).

Tuesday January 5, 2021- We will finish up the work from yesterday and then look at:
1. 7.1 Exercise 2.
We will then look at 7.2, which is all about when the trial balance does not balance and some steps you can take to find your error, including the 4 Quick Tests. Please complete:
1. Read 7.2
2. 7.2 Review 1-12.
3. 7.2 Exercises 2.

Monday January 4, 2021- We will start Chapter 7, which is on Posting and detecting errors and fixing them. Please complete:
1. Read 7.1
2. 7.1 Review 1-16.
3. 7.1 Exercises 1 and 3.
We will then work on 7.1 Exercise 2.

Friday December 18, 2020 - We will have a quiz and then we will watch "The Big Short", a film about the financial crisis of 2007–2008 and how it was triggered by the United States housing bubble, more specifically bets against subprime mortgages through credit default swaps. I will also be handing out all of the remaining handouts for the rest of the course, in case we are not able to come back. We will also have one heck of a foosball tourney.

Thursday December 17, 2020 - We will have a few quizzes and then a short tutorial on Absolute value. We will then work on the GST Model Spreadsheet. Please hand in your spreadsheet and your formulas. If any time remains, we can work on the chapter 6 review. This is ultimately homework as we will have no more class time for it.

Wednesday December 16, 2020 - We mayl start of with a quick OnTime Quiz. We will continue to look at GST. It has two accounts associated with it - GST Payable and GST Recoverable. We will complete:
a. 6.4 Read pages 183 - 188.
b. 6.4 Review Questions 1-15.
c. 6.4 Exercises 1-4.
IN the second half, I would like you to work on the chapter 6 review:
1. Define Accounting terms.
2. Review Exercises 1-5.

Tuesday December 15, 2020 - We will then take up the work from the source document section. We will then look at Provincial Sales Tax. (yeah... I know that we have a harmonized sales tax, but our textbook is written for the olden days)... Anyways, after the lesson, we will work on:
1. Read 6.3 - pages 178-180.
2. 6.3 - Review 1, 2, 5, 6, 8.
3. 6.3 - Exercises 1-4.
In the second half, we will start with a look at GST. It has two accounts associated with it - GST Payable and GST Recoverable. We will complete:
a. 6.4 Read pages 183 - 188.
b. 6.4 Review Questions 1-15.

Monday December 14, 2020 - I didn't assign any of the exercises that we would have normally done on Friday, so please complete:
1. Page 161 – Section 6.1 – Exercises 1-3.
For the second half, we will look in depth at Source Documents. As riveting as this is, we gotta know em and more importantly, know how to do the journal entries for them. Exciting? Yes. We will also look at a new GAAP called the Cost Principle. Please complete:
1. Read section 6.2.
2. 6.2 Review 1-6, 10-14, 17-25.
3. 6.2 Exercises 1-5.

Friday December 11, 2020 - We will have our Chapter 4-5 test in the first class. Then, we will start Chapter 6. We will learn about the general journal. Please complete:
1. 6.1-Read page 157-163.
2. Page 161– Section 6.1 – Review Questions 1-14.
3. Page 161 – Section 6.1 – Exercises 1-3.

Thursday December 10, 2020 - Turns out that today is our first snow day in two years! A great opportunity to really prepare for the big test tomorrow.. I have huge expectations now!

Wednesday December 9, 2020 - We will have a last chance to work on our Expanded Ledger Assignment. See yesterday's post to see what I want handed in. For the remainder of the class, you can prepare for tomorrow's test.

Tuesday December 8, 2020 - We will be working on the Expanded Ledger assignment. Please hand in the following, in this order:
• Title page – include the usual information (title, your name, my name, course, date)
• Fiscal period beginning balance sheet (any format)
• The ledger
• The ledger formulas
• The transaction list
• The transaction analysis sheet
• The trial balance
• The trial balance formulas
• The chart of accounts
• The income statement
• The income statement formulas
• The final balance sheet (in report form)
• The final balance sheet (in report form) formulas
• The assignment evaluation sheet rubric with your name on it.
**Try to get formulas on as few as sheets as possible.
***Please also submit your MARKED COPY of your Simple Ledger Account assignment (DO NOT STAPLE it to this assignment. Just submit it with it).

Monday December 7, 2020 - We will start with a small quiz. We will take up the homework and progress to the legendary Expanded Ledger Assignment. It is so important that you:
a) do your corrections on the Simple Ledger Assignment.
b) Save this file to your chapter 5 folder, but rename it Expanded Ledger.
Again... It is LEGENDARY! YOU MUST MAKE YOUR CORRECTIONS IN THE SIMPLE LEDGER BEFORE STARTING!

Friday December 4, 2020 - We will have a small quiz. We will take up the homework and then look at section 5.3., which is all about the expanded ledger, the Equity Equation, and the 2nd of 5 different ways to present the balance sheet, which is the Report Form. We will also look at the various ways that the Owner's Equity section can look in the balance sheet. Please complete:
1. Read 5.3 pages 136-139.
2. 5.3 Review 1-7.
3. 5.3 Exercises 1-3.
We will also start the chapter 5 review... which we will continue on Monday/Tuesday. It is as follows:
1. Terms
2. Review Exercises #1-7.
3. Questions for Further Thought 3-5, 7-9, 11-14.

Thursday December 3, 2020 - We will start the class with a quiz. We will carry on with Chapter 5. We will take up the stuff from yesterday. We will carry on with 5.1 exercises:
1. 5.1 Review 4-6, 9.
2. 5.1 Ex 3-5.
In the second half, we will take up things from Chapter 5.1. We will look at Chapter 5.2 which is all about the income statement. We will learn a few new GAAPS and then we will learn about the chart of accounts. Please complete:
a. Pages 128-133 – Section 5.2 – Read the section.
b. Page 133 – Section 5.2– Review Questions 1-13.
c. Page 133 - Section 5.2– Exercises 1-4.

Wednesday December 2, 2020 - We will back up the train a bit... give you a bit more time for Chapter 4 Review... If you don't get it done in class today, it is for homework. We will start Chapter 5. This is where the course gets a bit trickier...It is important that you let me know if there are any concepts from chapter 1 to 4 that you don't understand. HOMEWORK IS NOT AN OPTION... IT MUST GET DONE! So, Chapter 5... we will learn about the Expanded Ledger... this is the part of the course where we blow up the Owner's Equity account from one account (capital) to four accounts (revenue, expenses, drawings, and capital). We will also learn about the income statement and a new GAAP. Please complete:
1. Read page 120-124.
2. Section 5.1-Rev 1-3, 7, 8
3. Section 5.1 Ex 1-2.

Tuesday December 1, 2020 - We will finish up our Simple Ledger assignment. Please take the time to go over each document with a fine tooth comb and check for everything from spelling to formatting, to overall appearance to correct functions and formulas. Please see yesterday's post for what to hand in. Please follow it carefully.
When this is done, you can work on your Chapter 4 review. Please complete:
a) Accounting Terms.
b) Using Your Knowledge 1-4.
c) Comprehensive Exercises 5-6.
d) Questions for Further Thought 1-10.

Monday November 30, 2020 - First, we will work on the Simple Ledger Account Assignment. Please take the time to review your setup, formatting, etc.... Ensure things fit nicely on pages. Include footers on all pages. Please submit the following:
1. Title Page – please include on this: Assignment name, Your name, Course name, My name, Date,
2. Opening Balance Sheet
3. Ledger
4. Ledger formulas
5. Transaction List
6. Transaction Analysis Sheet
7. Trial Balance
8. Trial Balance formulas
9. Final Balance Sheet
10. Final Balance Sheet formulas
11. Please include your evaluation rubric at the back of the package.
*Please ensure that there are footers on all spreadsheet pages (not on formula pages).

We will then work on Chapter 4 review. Please complete:
a) Accounting Terms.
b) Using Your Knowledge 1-4.
c) Comprehensive Exercises 5-6.
d) Questions for Further Thought 1-10.

Friday November 27, 2020 - We will start with a quiz! Know your "Rules of Debit and Credit"... hint hint... :) Then, we will look at what a trial balance is and learn how to create one. Please complete:
a. Pages 98-101 – Section 4.4 – Read the section.
b. Page 101 – Section 4.4 – Review Questions 1, 2, 4-7.
c. Page 101 – Section 4.4 – Exercises 1-3.
In the second half, we will start the Simple Ledger Assignment. Please ensure that your balance sheet from Chapter 2 has been corrected and then copy it into your Chapter 4 folder. ** If you haven't done so yet, please make folders in your z:/drive/Accounting folder from Chapter 2 to 9 and one for the end task as well.

Thursday November 26, 2020 - We will carry on with Chapter 4 - Now that we know how to create T-accounts and record the beginning balance, we will learn how to record changes in account balances using the rules of debit and credit. We will also learn the transaction analysis sheet. Please complete:
a. Page 83-90 – Section 4.2 – Read the section.
b. Page 90 – Section 4.2 – Review Questions 1-12.
c. Page 91 – Section 4.2 – Exercises 1, 2, 4.
In the second half, we will learn about calculating the value of an account. With that, we will also learn about pin totals and pencil footings. We will also learn about Exceptional balances and the four meanings of "On Account". Please complete:
a. Page 93-96 – Section 4.3 – Read the section.
b. Page 96 – Section 4.3 – Review Questions 1-9.
c. Page 96 – Section 4.3 – Exercises 1-3.

Wednesday November 25, 2020 - We will have our Chapter 1-3 Unit Test. You need a doctors note to miss it. Come prepared... get a good sleep the night before. It is a 75 minute test.
We will likely start Chapter 4 in the second half. We will learn about the ledger. Please complete:
a. Section 4.1 – Read pages 79-82.
b. Page 82 – Section 4.1 – Review Questions 1-7.
c. Page 82 – Section 4.1 – Exercises 1-3.

Tuesday November 24, 2020 - We will take up the work from the past two days. Then, we will start the Antonelli's spreadsheet. Follow the pages to help you set it up (65-67) and then the transactions on page 68. We will also do a balance sheet for this on another tab. To do this, I will have to show you the proper way to transfer values from one worksheet to another without retyping them.
We will likely start Chapter 4 in the second half. We will learn about the ledger. Please complete:
a. Section 4.1 – Read pages 79-82.
b. Page 82 – Section 4.1 – Review Questions 1-7.
c. Page 82 – Section 4.1 – Exercises 1-3.

Monday November 23, 2020 - First, I would like to take 15 minutes and practice teaching you virtually... just in the event that we go that way..Then, we will do the quiz that we were supposed to do on Friday.
We will work on Chapter 3 review.
Finally, complete the Chapter 3 Review and the Chapters 1-3 booklet (I will hand this out).
We will complete the chapter 3 Review:
a) Terms
b) page 70 - Review Exercises 1-6
c) page 71 - Challenge Exercise 7
d) Page 73 - Questions for further thought 1-8
e) Case 1 and 2.

Friday November 20, 2020 - We will continue our look at the Equation Analysis Sheet. It is super important you understand how to analyze a transaction NOW, as everything we do down the road will depend on this. We will work on the questions from 3.2. Please complete:
a) Read section 3.2
b) 3.2 Review 1, 2, 4, 5.
c) 3.2 Exercises 1-3.
2nd Half
We will start the class with a quiz. We will take a further look at transactions. We will look at the Steps in Analyzing a Transaction and discuss developing good work habits on page 62. Please complete:
a. Review/skim section 3.3.
b. 3.3 Review 2-5.
c. 3.3 Exercise 1-3.

Thursday November 19, 2020 - We will start the class with a few minutes to finish up the Chapter 2 review from yesterday. We will then have a Chapter 2 Quiz. Then, we will start Chapter 3. We will look at analyzing changes in financial position... most specifically what a business transaction is. We will learn our fourth GAAP. Please complete:
a) Read pages 49-50
b) 3.1 Review 1-7.
c) 3.1 Exercises 1-5
I won't be here tomorrow, so I would like to at least do the teaching of tomorrow's lesson, which is on using the Equation Anaylsis Sheet to analyze a transaction.
2nd Half - We will learn how to do an Equation Analysis Sheet. We will work on the questions from 3.2. Please complete:
a) Read section 3.2
b) 3.2 Review 1, 2, 4, 5.
c) 3.2 Exercises 1-3.

Tuesday September 17, 2019- Today we will look at analyzing changes in financial position... most specifically what a business transaction is. We will learn our fourth GAAP. Please complete:
a) Read pages 49-50
b) 3.1 Review 1-7.
c) 3.1 Exercises 1-5
I won't be here tomorrow, so I would like to at least do the teaching of tomorrow's lesson, which is on using the Equation Anaylsis Sheet to analyze a transaction.

Wednesday November 18, 2020 - We will have a bit of time to finish off our balance sheets from yesterday. Please see the assignment sheet to see exactly what I would like handed in .
We will likely have a quiz today.
Finally, please work on Chapter 2 Review Review:
a) Terms - define all-use examples when possible.
b) U.Y.K. - 1-5, 7
c) Q.F.F.T. - 1, 3, 6, 9.

Tuesday November 17, 2020 -1st half - We will have a spreadsheet tutorial and look at Formulas vs. Functions and of course the legendary Mr. B's Five Spreadsheet rules.
We will start the Balance Sheet assignment - which is to create a balance sheet for ourselves using the one on page 22 as well as Paramount Designs as a guide. You need to have at least two Accounts Receivable and at least two Accounts Payable... make them up if you have to...

Monday November 16, 2020- 1st half - We will start the class with a review. We will talk about accounts receivable and accounts payable. Then, we will rediscuss claims against the assets of a business,
a) Read section 2.3.
b) 2.3 Review Questions 1-5. (page 27).
c) Exercises 1 and 2. (page 27).
2nd half -
We will also have a Balance Sheet quiz... know how to make em! We will look at Generally Accepted Accounting Principles (GAAPs).
a) Read section 2.4.
b) 2.4 Review Questions 1-6.
c) Cases for Further Thought 1, 2, 3, 5.

Friday November 13, 2020 - We will review from yesterday and take up the homework:
a) read pages 7-9.
b) Chapter 1 Review Questions 8-17. (page 10).
c) Chapter 1 Using Your Knowledge 1-2. (page 11).
Then, we will start Chapter 2. We will look at financial position and what that means.
a) skim section 2.1.
b) Exercises 1-6.
2nd Half - We will start the class with a review and then a review quiz of Chapter 1. Then, we will look at what a balance sheet is and work through together on how to make one using the Paramount Design Example. We will stress the basic bookeeping practices on pages 22-24. Please complete:
a) Read pages 18-24.
b) Review Questions 11-17. (page 24).
c) Exercises 1 and 2. (page 24).

Thursday November 12, 2020 - Welcome to Accounting 11. You have selected a course that will serve as a great business tool and could also be the stepping stone to a career in Accounting/business. Today, will serve as an introduction to the course, we will play some games, tell some stories and learn what accounting is. We will follow this up with a little observation game
We will also do a review of what accounting is and the five main activities of accounting. Then, we will look at the accounting cycle. Please complete:
a) reading pages 1-6 in our textbook
b) Review Questions 2-7 on page 10.
2nd Half - We will review the accounting cycle and then look at the forms of business ownership and the types of businesses. Then, we will look at the accounting designations old and new. Please:
a) read pages 7-9.
b) Chapter 1 Review Questions 8-17. (page 10).
c) Chapter 1 Using Your Knowledge 1-2. (page 11).