Accounting 11 (BAF3MO/BAI3E0)

COURSES TAUGHT  
Course Outline
 
Introduction to Information Technology (BTT100/2O0)

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.

Upcoming Tests & Assignments
 
Introduction to Business (BBI 200)
Student Marks
 
Marketing 11 (BMI3C0)

Tuesday May 29, 2018 - We will continue with the depreciation questions from yesterday.

Monday May 28, 2018 - We will look at depreciation.
1. Read 9.5 on Depreciation. Please also give them the depreciation handout that I have left.
2. 9.5 Review 2, 5-7
3. 9.5 Exercises 1, 2, 4-6.
4. If finished, work on the depreciation worksheet (please hand it out).

Friday May 25, 2018 - You don't want to miss this class. Bring your appetite btw.. We will learn the closing entry process... and to do this, we will bake a cake... Hope chocolate is your thing! When done, we will taste it (drawings). Please complete:
1. Review 9.4 Reading
2. 9.4 Review 1, 4-8
3. 9.4 Ex 1-3.

Thursday May 24, 2018 - We will start to learn about the closing process. 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. *****

Wednesday May 23, 2018 - We will start the class with an On-Time Quiz. We will then continue to work with Adjusting entries and move into closing entries. Please complete:
1. 9.2 Exercise 2.

Tuesday May 22, 2018 - We will most likely start with a small quiz. We will then look at Adjusting entries and the worksheet. Please complete:
1. Read 9.2
2. 9.2 Review - 1-6.
3. 9.2 Exercise 1.

Monday May 21, 2018 - Victoria Day Long Weekend! Enjoy!

Friday May 18, 2018 - We will go to the Pow WOW!

Thursday May 17, 2018 - We will NOT be having class - Today is a late start day.

Wednesday May 16, 2018 - We will do a review of the three types of adjusting entries. Please finish up:
1. 9.1 Exercises 4-6.

Tuesday May 15, 2018 - We will start Chapter 9 today. 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.

Monday May 14, 2018 - We will have our Chapter 6-8 test.

Friday May 11, 2018 - We will work on Chapter 6-8 test review. Please come in for extra help if you need it.

Thursday May 10, 2018 - We will continue to get ready for our big test tomorrow....We will finish up the review from yesterday and work on the review booklet.

Wednesday May 9, 2018 - We will finish up 8.4 and work on chapter 8 review:
1. Terms.
2. Review exercises 2-5.

Tuesday May 8, 2018 - We will likely start today's lesson with a quiz. 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 Exercise1.
4. Please complete a sheet that lists all of the GAAPs and what they mean (try to put things in your own words).

Monday May 7, 2018 - We will do a bit of a review and then have a quiz. Then we will work on:
1. 8.3 Exercises 5-6.

Friday May 4, 2018 - We will 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 1-4

Thursday May 3, 2018 - Today, 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.

Wednesday May 2, 2018 - 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.

Tuesday April 24, 2018 - Tuesday May 1, 2018 - We will complete the Chapter 7 review. Good luck!

Monday April 23, 2018 - We will take up the stuff from Friday and then work on:
1. 7.2 Exercises 1.
When this is done, we will start the Chapter 7 Review:
1. Accounting Terms
2. Review Exercises 1-6 (Easy)
3. Review Exercises 7-8 (Waaaahhhh).

Friday April 20, 2018 - 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.

Thursday April 19, 2018 - 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.

Wednesday April 18, 2018 - We will have a little bit of time to finish up the Chapter 6 review. We will take it all up.

Monday April 16, 2018 - Tuesday April 17, 2018 - We will get back into spreadsheets for a bit. We will do a tutorial on absolute and relative value. We will then work on the spreadsheet assignment in our textbooks that is on pages 193-197. Please submit:
1. your spreadsheet
2. your formulas.
Please remember:
1. your footer
2. Mr. B's 5 Spreadsheet Rules
3. Try to squeak it on to one page.
If you are done, please work on your Chapter 6 Review questions.

Friday April 13, 2018 - Wow... Friday the 13th eh? Carry on finishing up the 6.4 exercises. When finished, please work on the chapter 6 review:
1. Define Accounting terms.
2. Review Exercises 1-5.

Thursday April 12, 2018 - We will carry on with our look at GST. Please complete:
a. 6.4 Read pages 183 - 188.
b. 6.4 Review Questions 1-15.

c. 6.4 Exercises 1-4.

Friday November 1, 2013 - Today, we will look at the GST and Contra Accounts. Please work on:
1. Read pages 183 - 188.
2. 6.4 Review Questions 1-15.

Wednesday April 11, 2018 - We will look at GST. It has two accounts associated with it - GST Payable and GST Recoverable. We will start the questions tomorrow.

Tuesday April 10, 2018 - We will not have class today due to the OSSLT. You are encouraged to work at home and review all notes.

Monday April 9, 2018 - We will start of with a quick OnTime Quiz. 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.

Friday April 6, 2018 - 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. Please complete:
1. Read section 6.2.
2. 6.2 Review 1-6, 10-14, 17-25.
3. 6.2 Exercises 1-5.

Thursday April 5, 2018 - 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.

Wednesday April 4, 2018 - We will have our Chapter 4-5 Unit test.

Tuesday April 3, 2018 - We will use this day to finish reviewing for the big test tomorrow.

Thursday March 29, 2018 - We will have another day for Chapter 5/Chapter 4-5 Test review. Please complete:
1. Terms
2. Review #1-7.
3. Questions for Further Thought 3-5, 7-9, 11-14.
You can also work on the Chapter 4-5 review booklet.

Wednesday March 28, 2018 - We will have one last day to work on our expanded ledger. Please submit the following:
• Title page
• 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 both booklets).

If you are done, you can start the Chapter 5 Review:
1. Terms
2. Review #1-7.
3. Questions for Further Thought 3-5, 7-9, 11-14.

Monday March 26, 2018 - Tuesday March 27, 2018 - We will work on the expanded ledger assignment.

Friday March 23, 2018 - We

Thursday March 22, 2018 - We will start today's class with a quiz also. We will then take up the homework from the previous day. We will then look at the expanded ledger and the Equity Equation. We will also learn the new Report form Balance Sheet. Please complete:
1. Read 5.3 pages 136-139
2. 5.3 Review 1-7
3. 5.3 Exercises 1-3

Wednesday March 21, 2018 - We will start the class with a quiz. We will then work on chapter 5.2. 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.

Tuesday March 20, 2018 - 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.

Monday March 19, 2018 - 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.

Friday March 9, 2018 - We will have a catch up day and one heck of a foosball tourney.

Thursday March 8, 2018 - We will be starting Chapter 5 today. This is where the course starts to get a little more complex, so it is important that you understand things so far! If not, please see me and we will get things straightened up. Please complete:
1. Read page 120-124.
2. Section 5.1-Rev 1-3, 7, 8
3. Section 5.1 Ex 1-2.

Monday March 5, 2018 - Wednesday March 7, 2018 - Then, 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:
a. Assignment name
b. Your name
c. Course name
d. My name
e. 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 finish up the review for Chapter 4.

Friday March 2, 2018 - 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.

Thursday March 1, 2018 - If we didn't have a quiz yesterday, we will have one today. We will 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.
We won't finish this today, so we will finish it next week.... after our Simple Ledger Assignment.

Wednesday February 28, 2018 - We may 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.

Tuesday February 27, 2018 - 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.

Monday February 26, 2018 - 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.

Friday February 23, 2018 - We will be starting chapter 4. 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.

Thursday February 22, 2018 - We will be having our Chapter 1-3 Unit Test today.

Friday February 17, 2018 - Wednesday February 21, 2018 - We will finish up Antonelli's. Then, I will teach you how to transpose those values into a balance sheet that you will create on worksheet 2. If you finish all this, please print:
1. both spreadsheet pages.
2. both formula pages.
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.

Thursday February 16, 2018 - 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.

Wednesday February 15, 2018 - We will start the class with a quiz. We will take a further looke 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.

Tuesday February 14, 2018 - We will do a review from yesterday. We will look at what an Equation Analysis Sheet is and learn how to complete one. Please complete:
a. Review/skim section 3.2.
b. 3.2 Review 1, 2, 4, 5.
c. 3.2 Exercise 1-3.

Monday February 13, 2018 - We will look at what makes up a transaction. We will also look at source documents and what they are. Please complete:
a. Review/skim section 3.1.
b. 3.1 Review 1-7.
c. 3.1 Exercises 1-5.

Friday February 9, 2018 - We will work on Chapter 2 review. Please complete:
1. Terms - Define all. Use an example if possible.
2. Using Your Knowledge - #1-5, 7.
3. Q.F.F.T. - 1, 3, 6, 9.

Thursday February 8, 2018 - We will finish up our balance sheets. Please print the following and then staple them in this order:
1. Balance Sheet - it must look awesome... follow Mr. B's 5 spreadsheet rules.
2. Formulas - don' thave to look good... just make sure you squeak it on to one page.
We will look at section 2.4 (GAAPs). Please complete the following:
a) Review Section 2.4.
b) 2.4 - Exercise 1.
c) 2.4 C.F.F.T. 1-3, 5. Explain yourself in detail.

Wednesday February 7, 2018 - We will take up the homework from 2.3, We will do a huge review as we have a quiz coming up in a few days. I will then review our spreadsheet tutorial from yesterday and then we will start a balance sheet for ourselves. Please ensure you have a minimum of two accounts receivable and two accounts payable.... make them up if you have to.

Tuesday February 6, 2018 - Today we will look at Claims Against the Assets. Please complete:
a) Read section 2.3
b) 2.3 Review 1-5.
c) 2.3 Exercises 1-2.

Monday February 5, 2018 - Well it looks like we never got to the question portion of the day on Friday. After a quick review, we will start with:
a) Page 17 - #1
b) Read pages 15-16
c) Questions 2-6 on page 17-18.
We will also learn how to complete a balance sheet and what financial position is. Please complete:
a) Read pages 18-20
b) 2.2 Review 11-17
c) 2.2 Exercises 1-2.

Friday February 2, 2018 - We will start the class with a quiz. We will then work on Chapter 2. We will look at a new term-financial position. We will also learn what assets, liabilities, and owner's equity is. Consequently, we will learn about the Accounting Equation.
Please complete:
a) Page 17 - #1
b) Read pages 15-16
c) Questions 2-6 on page 17-18.

Thursday February 1, 2018 - We will review from Tuesday. Then we will also look at accounting designations and what it takes to become an accountant. We will look at the relationship between revenue, profit, and expenses. Please complete:
a) read pages 7-9.
b) Chapter 1 Review Questions 8-17. (page 10).
c) Chapter 1 Using Your Knowledge 1-3. (page 11).
IF all goes well, we will start Chapter 2 today.

Wednesday January 31, 2018 - Turns out today was a snowday.

Tuesday January 30, 2018 - We will look at what accounting is and the five main activities of accounting. Then, we will look at the accounting cycle. We will start:
a) reading pages 1-6 in our textbook
b) Review Questions 2-7 on page 10.
We will then look at forms of business ownership and the types of business ownership.

Monday January 29, 2018 - 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,We will start:
a) reading pages 1-6 in our textbook
b) Review Questions 2-7 on page 10.

 
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