2 Define debits, credits, and normal account balances, and use double-entry accounting and T accounts 3 Record transactions in a journal and post journal entries to the ledger 4 Prepare the trial balance and illustrate how to use the trial balance to prepare financial statements Module 2 Due Date 8/30/15 CH 3 The Adjusting Process: 1 Differentiate between cash basis accounting and accrual basis accounting 2 Define and apply the time period concept, revenue recognition and matching principles 3 Explain the purpose of and journalize and post adjusting entries 4 Explain the purpose of and prepare an adjusted trial balance 5 Identify the impact of adjusting entries on the financial statements 6 Explain the purpose of a worksheet and use it to prepare adjusting entries and the adjusted trial balance CH 4 Completing the Accounting Cycle: 1 Prepare financial statements including the classified balance sheet 2 Use the worksheet to prepare financial statements 3 Explain the purpose of, journalize, and post closing entries 4 Prepare the post-closing trial balance 5 Describe the accounting cycle Homework CH3 (Graded Assignments in MyAccountingLab) Homework CH4 (Graded Assignments in MyAccountingLab) Chapter Exam CH3&4: (Graded Assignments in MyAccountingLab) Module 3 “Real-World” Discussion-Forum Module 3 Due Date 9/6/15 CH 5 (including Appendix A) Merchandising Operations: 1 Describe merchandising operations and the two types of merchandise inventory systems 2 Account for the purchase of merchandise inventory using a perpetual inventory system 3 Account for the sale of merchandise inventory using a perpetual inventory system 4 Adjust and close the accounts of a merchandising business Homework CH5 (Graded Assignments in MyAccountingLab) Module 3 “Real-World” Discussion-Forum Begin working on Comprehensive Problem (MyAccountingLab) MODULE TOPIC ASSIGNMENTS Module 3 (Continued) 5 Prepare a merchandiser's financial statements 6 Account for the purchase and sale of merchandise inventory using a periodic system (Appendix 5A)
3 Journalize entries for the disposal of plant assets 4 Account for natural resources 5 Account for intangible assets CH 11 Current Liabilities and Payroll: 1 Account for current liabilities of known amount 2 Calculate and journalize basic payroll transactions 3 Account for current liabilities that must be estimated 4 Account for contingent liabilities (Graded Assignments in MyAccountingLab) Chapter Exam CH9&11: (Graded Assignments in MyAccountingLab) Module 6 “Real-World” Discussion-Forum Comprehensive Problem Due (Graded Assignments in MyAccountingLab) Module 7 Due Date 10/4/15 CH 12 Long-Term Liabilities 1 Journalize transaction for long-term notes payable and mortgages payable 2 Describe bonds payable 3 Journalize transactions for bonds payable and interest expense using the straight-line amortization method 4 Journalize transactions to retire bonds payable (at maturity ONLY) 5 Report liabilities on the balance sheet CH13 Stockholder’s Equity 1 Identify the characteristics of a corporation 2 Journalize the issuance of stock 3 Account for cash dividends, stock dividends, and stock splits 4 Explain how equity is reported for a corporation Homework CH12 (Graded Assignments in MyAccountingLab) Homework CH13 (Graded Assignments in MyAccountingLab) Chapter Exam CH12&13: (Graded Assignments in MyAccountingLab) Module 7 “Real-World” Discussion-Forum Module 8 Accessible 10/5 thru 10/8/15 Review of all the Chapters and Preparation for the Cumulative Final Exam. Final Exam (Graded Assignments in MyAccountingLab) Cumulative Final Exam: (Graded Assignments in MyAccountingLab) IMPORTANT DATES: Course dates: 8/17/15 – 10/8/15 Last day to drop and receive a refund: 8/21/2015 Last day to withdraw and receive a grade of “W”: 9/17/2015