Monday, March 28, 2016

Welcome to Self-Paced Accounting 11

Self-Paced Accounting 11 Course Outline

**Please ask a teacher for your self-paced card**

Welcome to Accounting 11!
This is the self-paced version of Accounting 11 (There is a class available from September-January)

Accounting 11 teaches accounting theory from the basics. You do not need to know anything about accounting when you start. Accounting 12 then introduces computerized accounting methods.

Prerequisites: Foundations 6 (Math 9) or equivalent; English Foundations 7 (English 10)

1. Materials:
The following book is rented:
·         Accounting 1, 7th edition by Syme and Ireland

The following workbook is purchased:
·         Accounting 1, Student Workbook

2. Self-paced students get their assignments from the PALC website (www.palc.net). Choose “Courses”
“Electives,” “Self-Paced Accounting 11”

3. You can check your answers with the Teacher’s Key in the lab or ask for the PDF answer key from a teacher. You will need to bring a flash drive/memory stick.

4. Keep a record of your marks on your Students Mark Record. (attached)

Step 1: Math Test
The Math Practice Test is attached to this document.
This is a math readiness test to see if you are ready for the course.  This test examines your basic skills.
You must get a minimum of 75% to begin Accounting 11.
If you get less than 75%, you will be given some skill review work. When the review is completed, you may write a different version of the test.

After you pass the Math Test, ask your teacher for the Chapters 1 and 2 assignment. 
After that, you may print out your assignments from our website (www.palc.net).
Click on “Courses,” “Electives” and then “Self-Paced Accounting 11.”

Self-Paced Accounting 11 Marks Record

Mark
Value
Math Test

/5%
Chapter 1/2

/5%
Chapter 3

/5%
Chapter 4

/10%
Chapter 5

/10%
Chapter 6

/15%
Chapter 7

/15%
Chapter 8

/15%
Chapter 9 and 11

/10%
Career Report

/10%
Total

/100%









Accounting 11  Math Test Study Guide

There are certain mathematical skills you will need to succeed in Accounting 11. The course is not designed to teach these basic math skills, so you must have them before you start.

You must get 75% or more on the Accounting 11 Math Test before you start the course. Attached is a practice test to see if you have the skills you need.  You may check the answers at the end of the test.
If you get any wrong, ask a teacher for some review work.

Please do not use a calculator for the practice test. You are not allowed to use a calculator for the real test.

Accounting 11 Practice Math Test
·        Please show your work
·        Put your answer in the blank provided
·        Put your answers in the correct format (dollars or decimals or fractions)

1)  Calculate   $4 451 divided by 24                                                                 





2) Add   $221.24     $39.00     $99     $0.89    $0.08                                        





3) Multiply   $649 times 52                                                                              






4) Multiply  $782.99 times $0.33  


                                                                 


5)  Find the difference between $6 538.99  and $ 33 421.10                          




6)  Calculate the annual cost of a prepaid insurance policy if it has monthly premiums of $224.75.                                                                                                    





7) Subtract  $99.89  from $311.13                                                                 




8) Calculate the total cost of a computer which was advertised at $2099 minus a 5% discount. Include the 7% provincial sales tax and 7% goods and services tax in the total cost (calculated after discount).








9) Express 0.025 as a percent                                                                                         

  


10) Express 72% as a fraction in lowest terms (simplest form)                             



11) What is 24% of $689?                                                                                               






12)  $305.25 is what percent of $555?                                                                                   






13) If you have $12 000, invested at 9% simple interest, how much money will you have after 5 years?





14) Depreciation is the rate at which an item loses value. 
     If a $29 000 truck depreciates at a rate of 20% per year, how much will it be worth  at the end of the first year?






Answers:  If you do not have the right format, mark your answer wrong.

1.     $185.46
2.     $360.21
3.     $33 748.00
4.     $258.39
5.     $26 882.11
6.     $2 697.00
7.     $211.24
8.     $2 273.22
9.     2.5%
10.   18/25
11.    $165.36
12.    55%
13.    $17 400.00
14.   $23 200.00

If you scored less than 75%, you need to review before you write the Math Test.

If you scored 75% or more on this practice, you are ready.
Ask a teacher in the computer lab for the test. Remember-no calculators!

Good Luck!






Chapters 1 and 2

Some suggestions for studying in Accounting 11:
·         Make notes as you study. When you write tests, you will be allowed to bring ONE page (two sides) of handwritten notes. These notes cannot be typed or photocopied-they must be in your handwriting.
·         Accounting 11 is a practical course that teaches you a skill, so please do all the assignments listed on the following pages to get the practice you need to understand the concepts. You will not hand these in. Instead, you will mark them yourself from the answer key found in the lab. Then, you will be able to learn from your mistakes.

If you have any questions, please do not hesitate to ask your teachers for help.

When you have completed the Chapter1 and 2 test, you may print out your next assignment from our website (www.palc.net). Click on “Courses,” “Electives” and then “Self-Paced Accounting 11.”

Chapter 1 Assignments;

Read pages 2-11.
Do pages 13-14, Chapter Review Exercises #1-3

Chapter 2 Assignments;

2.1
Read pages 18-19
Do page 20, Exercises #1-6.

2.2
Read pages 21-27.
Do pages 28-29, Exercises #1-3.

2.3
Read pages 30-31.
Do pages 32-33, Exercises #1-2.

2.4
Read pages 33-37.
Do pages 38-39, Exercises #1-2

Chapter 2 Review
Review page 47-Chapter Highlights and Accounting Terms.
Do pages 47-50, #1-8 and Questions for Further Thought #1-7.


When you are ready, and have your one page of handwritten notes, ask a teacher for the Chapter 1 and 2 test.

Chapter 3

3.1
Read pages 58-59
Do pages 59-61, Exercises #1-5

3.2
Read pages 61-69. Ask your teacher for a copy of Master 3-2 and do a sample analysis sheet from Metropolitan as you read.
Do pages 69-71, Exercises #1-3.

Chapter 3 Review
Review page 78-Chapter Highlights and Accounting Terms
Do pages 78-82, #1-7; page 82-Personalize it; page 83-Questions for Further Thought #1-5,
7 and 8 (omit 6)


When you are ready, and have your one page of handwritten notes, ask a teacher for the Chapter 3 test.

Chapter 4

4.1
Read pages 88-90. Ask your teacher for a copy of Master 4-3a and do the Pacific Trucking project as you read.
Do pages 91-92, Exercises #1-4.

4.2
Read pages 92-101. Ask your teacher for a copy of Master 4-4 and work along with the text
Do pages 102-105, Exercises #1-4

4.3
Read pages 105-109.
Do page 110-111, Exercises #1-5.

4.4
Read pages 111-114.
Do pages 115-117, Exercises #1-5.

Chapter 4 Review
Review page 123-Chapter Highlights and Accounting Terms
Do pages 123-126, #1-6; page 126-Personalize It;
Page 127-Questions for Further Thought #1-10


When you are ready, and have your one page of handwritten notes, ask a teacher for the Chapter 4 test.

Chapter 5

5.1
Read pages 132-140.
Do pages 141-143, Exercises #1-4.

5.2
Read pages 144-149.
Do pages 150-152, Exercises #1-5.

5.3
Read pages 153-156.
Do page 157-158, Exercises #1-3.

Chapter 5 Review
Review page 164-Chapter Highlights and Accounting Terms
Do pages 164-168, #1-7; page 168-169-Personalize It;
page 170-Questions for Further Thought #1-13


When you are ready, and have your one page of handwritten notes, ask a teacher for the Chapter 5 test.

Chapter 6

6.1
Read pages 176-179.
Do pages 180-184, Exercises #1-6.
Pay careful attention to Journal format, neatness and accuracy. The example on page 177 is a good model.

6.2
Read pages 184-193.
Do pages 193-196, Exercises #1-5.

6.3
Read pages 197-204.
Do page 205-208, Exercises #1-4.

Chapter 6 Review
Review page 214-Chapter Highlights and Accounting Terms
Do pages 215-222, #1-5; then do 6B and7B
Page 223-Questions for Further Thought #1-11.


When you are ready, and have your one page of handwritten notes, ask a teacher for the Chapter 6 test.

Chapter 7

Chapter 7 Assignments:

7.1
Read pages 228-232.
Do pages 233-234, Exercises #1-3.

7.2
Read pages 234-239.
Do pages 240-244, Exercises #1-3.

Chapter 7 Review
Review page 256-Chapter Highlights and Accounting Terms
Do pages 256-263, #1-7;page 263-Questions for Further Thought

When you are ready, and have your one page of handwritten notes, ask a teacher for the Chapter 7 test.