Accounting Unit 7 - Internal Controls and Financial Analysis
Wed. Dec. 7th Target:
3. Internal Controls Lesson - Part 1 - Search: ELO1092550
*Internal Controls Questions - Part 1*
4. Internal Controls Lesson - Part 2 - Search: ELO1222950
*Internal Controls Questions - Part 2*
*Internal Control Activity*
5. Principles of Internal Control Case Studies
Thurs. Dec. 8th Target:
1. Play Monopoly
Textbook back from Daniel
Fri. Dec. 9th Target:
1. 30 minutes to do your Monopoly paperwork from Thursday.
2. Finish Internal Control Questions, Activities and Case Studies from Wednesday
3. Petty Cash Lesson - Search ELO1239910 (Activity 2: Petty Cash)
*Petty Cash Questions*
Mon. Dec. 12th Target:
**Check Monopoly Trial Balances**
1. Take up Internal Control Case Studies from Wednesday
2. Finish Petty Cash Lesson and Questions from Friday
Tues. Dec. 13th Target:
1. Petty Cash Lesson #2 (handout) + Journal Entry Exercises
2. Petty Cash textbook Questions # 5-7 pgs. 544-545
*General Journal Template*
3. Bank Reconciliation Lesson - Search ELO1239910
*Bank Rec. Questions*
4. Yolanda's Bagel Shoppe Bank Rec. Exercise*
*Bank Rec. Template*
Wed. Dec. 14th Target:
1. Finish Bank Rec. Questions from yesterday
2. Bank Reconciliation Practice
*1. Mark's Auto Repair Shop* *Bank Rec. Template*
*2. California Beauty Salon* *Bank Rec. Template*
3. a. Prepare a Bank Reconciliation tutorial/exercise - Search: ELO1222980, then click on Activity 3, then Content, the click next, then
"Help Pete Lancaster prepare a bank reconciliation for Pete’s Gym."
b. Do the "Check Your Understanding" Questions in the Lesson
4. Prepare the November 2009 bank reconciliation for Sam’s Lawn Service using this spreadsheet - Sam's Lawn Care spreadsheet.
Use the OERB Activity 3 Lesson/Content to help you. Note: there are various tabs at the bottom of the spreadsheet which you will use to help you prepare the Bank Rec.
Thurs. Dec. 15th Target:
1. Please ensure you finish Mark's Auto Repair and California Beauty Salon Bank Recs.
2. Please ensure you finish Sam's Lawn Care Bank Rec. as I may collect and mark one tomorrow.
3. Bank Rec. textbook questions - Ex. #12-14 pgs. 560-561* *Bank Rec. Template*
4. Monopoly tomorrow - you cannot play unless you show me your balanced trial balance sheet!
Fri. Dec. 16th Target:
1. Accounting Monopoly
Mon. Dec. 18th Target:
1. Print out and hand in Ex. #13 pg. 561 to be marked
2. Take up Bank Recs.
3. Work on Monopoly paperwork - 30 min.
4. Activity 5 - Financial Analysis Lesson* Search: ELO1092550
*Financial Analysis Questions*
*Financial Analysis Activity*
Tues. Dec. 20th Target:
1. Take up textbook Exercises #12-14 (Bank Recs.)
2. Comparative Income Statement and Balance Sheet handout
3. Do Activity 5 Financial Analysis Activity from yesterday
4. Textbook Exercises (Ex. #3 pg. 669, Ex. #4 pg. 670) template/handout provided
**Monopoly on Thursday*
Wed. Dec. 21st Target:
1. Continue with and finish Financial Analysis textbook questions booklet (Ex. #5-9 pgs. 671-672)
Ex. #3&4 should be completed from yesterday.
2. Mission Impossible Tasks - in pairs
*Accounting Monopoly tomorrow*
Thurs. Dec. 22nd Target:
1. Play Accounting Monopoly
Fri. Dec. 23rd:
Happy Holidays! Remember Internal Control Test Monday, January 9th
Mon. Jan. 9th Target:
** Test - postponed until tomorrow (Tues. Jan. 10th)
1. Internal Control Test Review Outline*
2. Finish all exercises from outline and take up Textbook Exercises #3-9 pg. 670-672 from Tues. Dec. 20th
3. Work on Monopoly paperwork from Thurs. Dec. 22nd - 20 min.
4. Accounting Monopoly Evaluation Day - Wednesday, Jan. 11th
Tues. Jan. 10th Target: to demonstrate understanding of Internal Controls and Decision Making
1. Internal Control and Decision Making TEST
2. Finish and hand in Monopoly paperwork from before the break.
**Important** Summative Accounting Monopoly Evaluation Day tomorrow!!** You MUST attend. If you know you are going to be away due to medical reasons/appointment etc. you MUST inform me today, otherwise, you will receive a zero for your assignment (Summative worth 15% of final mark)
Wed. Jan. 11th Target: to demonstrate understanding of recording journal entries in a ledger and creating a trial balance sheet
1. Evaluation Day - Accounting Monopoly!
*Please form groups of 4 (different members from "practice" play)*
*Assign a banker and start distributing the cash - start playing!
*Start to balance paperwork for homework as tomorrow we start formal financial statements on the computer* - due Friday, Jan. 13th
Thurs. Jan. 12th Target:
1. Finish balancing Monopoly paperwork from yesterday (without "help")
2. Work on formal financial statements (*Worksheet* *Income Statement* *Classified Balance Sheet*)
**Reference textbook pages**: Worksheet - pg.183 Income Statement - pg.89 Classified Balance Sheet - pg.89
*DUE: tomorrow after class*
**Exam Review all next week - In-Class Exam (worth 15% on Monday, January 23rd)
Bonus marks for typing out your *General Journal* pages and *T-accounts*
Fri. Jan. 13th Target:
1. Finish and hand in Summative Monopoly Assignment
2. If you finish early, please type out your t-accounts and journal entries for bonus marks.
3. Please remember to create a title page for your report - staple rough and good typed copy together and hand in
*You may have "free time" to work on other course subjects when you are done*
Mon. Jan. 16th Target:
1. Exam Review - Practice Exam #1* take up
Tues. Jan. 17th Target:
1. Exam Review - Practice Exam #2 (booklet hand-out)
2. Take up at the end of class
Wed. Jan. 18th Target:
1. Finish taking up Practice Exam #2
2. Start Practice Exam #3
3. Internal Controls Lesson - Part 1 - Search: ELO1092550
*Internal Controls Questions - Part 1*
4. Internal Controls Lesson - Part 2 - Search: ELO1222950
*Internal Controls Questions - Part 2*
*Internal Control Activity*
5. Principles of Internal Control Case Studies
Thurs. Dec. 8th Target:
1. Play Monopoly
Textbook back from Daniel
Fri. Dec. 9th Target:
1. 30 minutes to do your Monopoly paperwork from Thursday.
2. Finish Internal Control Questions, Activities and Case Studies from Wednesday
3. Petty Cash Lesson - Search ELO1239910 (Activity 2: Petty Cash)
*Petty Cash Questions*
Mon. Dec. 12th Target:
**Check Monopoly Trial Balances**
1. Take up Internal Control Case Studies from Wednesday
2. Finish Petty Cash Lesson and Questions from Friday
Tues. Dec. 13th Target:
1. Petty Cash Lesson #2 (handout) + Journal Entry Exercises
2. Petty Cash textbook Questions # 5-7 pgs. 544-545
*General Journal Template*
3. Bank Reconciliation Lesson - Search ELO1239910
*Bank Rec. Questions*
4. Yolanda's Bagel Shoppe Bank Rec. Exercise*
*Bank Rec. Template*
Wed. Dec. 14th Target:
1. Finish Bank Rec. Questions from yesterday
2. Bank Reconciliation Practice
*1. Mark's Auto Repair Shop* *Bank Rec. Template*
*2. California Beauty Salon* *Bank Rec. Template*
3. a. Prepare a Bank Reconciliation tutorial/exercise - Search: ELO1222980, then click on Activity 3, then Content, the click next, then
"Help Pete Lancaster prepare a bank reconciliation for Pete’s Gym."
b. Do the "Check Your Understanding" Questions in the Lesson
4. Prepare the November 2009 bank reconciliation for Sam’s Lawn Service using this spreadsheet - Sam's Lawn Care spreadsheet.
Use the OERB Activity 3 Lesson/Content to help you. Note: there are various tabs at the bottom of the spreadsheet which you will use to help you prepare the Bank Rec.
Thurs. Dec. 15th Target:
1. Please ensure you finish Mark's Auto Repair and California Beauty Salon Bank Recs.
2. Please ensure you finish Sam's Lawn Care Bank Rec. as I may collect and mark one tomorrow.
3. Bank Rec. textbook questions - Ex. #12-14 pgs. 560-561* *Bank Rec. Template*
4. Monopoly tomorrow - you cannot play unless you show me your balanced trial balance sheet!
Fri. Dec. 16th Target:
1. Accounting Monopoly
Mon. Dec. 18th Target:
1. Print out and hand in Ex. #13 pg. 561 to be marked
2. Take up Bank Recs.
3. Work on Monopoly paperwork - 30 min.
4. Activity 5 - Financial Analysis Lesson* Search: ELO1092550
*Financial Analysis Questions*
*Financial Analysis Activity*
Tues. Dec. 20th Target:
1. Take up textbook Exercises #12-14 (Bank Recs.)
2. Comparative Income Statement and Balance Sheet handout
3. Do Activity 5 Financial Analysis Activity from yesterday
4. Textbook Exercises (Ex. #3 pg. 669, Ex. #4 pg. 670) template/handout provided
**Monopoly on Thursday*
Wed. Dec. 21st Target:
1. Continue with and finish Financial Analysis textbook questions booklet (Ex. #5-9 pgs. 671-672)
Ex. #3&4 should be completed from yesterday.
2. Mission Impossible Tasks - in pairs
*Accounting Monopoly tomorrow*
Thurs. Dec. 22nd Target:
1. Play Accounting Monopoly
Fri. Dec. 23rd:
Happy Holidays! Remember Internal Control Test Monday, January 9th
Mon. Jan. 9th Target:
** Test - postponed until tomorrow (Tues. Jan. 10th)
1. Internal Control Test Review Outline*
2. Finish all exercises from outline and take up Textbook Exercises #3-9 pg. 670-672 from Tues. Dec. 20th
3. Work on Monopoly paperwork from Thurs. Dec. 22nd - 20 min.
4. Accounting Monopoly Evaluation Day - Wednesday, Jan. 11th
Tues. Jan. 10th Target: to demonstrate understanding of Internal Controls and Decision Making
1. Internal Control and Decision Making TEST
2. Finish and hand in Monopoly paperwork from before the break.
**Important** Summative Accounting Monopoly Evaluation Day tomorrow!!** You MUST attend. If you know you are going to be away due to medical reasons/appointment etc. you MUST inform me today, otherwise, you will receive a zero for your assignment (Summative worth 15% of final mark)
Wed. Jan. 11th Target: to demonstrate understanding of recording journal entries in a ledger and creating a trial balance sheet
1. Evaluation Day - Accounting Monopoly!
*Please form groups of 4 (different members from "practice" play)*
*Assign a banker and start distributing the cash - start playing!
*Start to balance paperwork for homework as tomorrow we start formal financial statements on the computer* - due Friday, Jan. 13th
Thurs. Jan. 12th Target:
1. Finish balancing Monopoly paperwork from yesterday (without "help")
2. Work on formal financial statements (*Worksheet* *Income Statement* *Classified Balance Sheet*)
**Reference textbook pages**: Worksheet - pg.183 Income Statement - pg.89 Classified Balance Sheet - pg.89
*DUE: tomorrow after class*
**Exam Review all next week - In-Class Exam (worth 15% on Monday, January 23rd)
Bonus marks for typing out your *General Journal* pages and *T-accounts*
Fri. Jan. 13th Target:
1. Finish and hand in Summative Monopoly Assignment
2. If you finish early, please type out your t-accounts and journal entries for bonus marks.
3. Please remember to create a title page for your report - staple rough and good typed copy together and hand in
*You may have "free time" to work on other course subjects when you are done*
Mon. Jan. 16th Target:
1. Exam Review - Practice Exam #1* take up
Tues. Jan. 17th Target:
1. Exam Review - Practice Exam #2 (booklet hand-out)
2. Take up at the end of class
Wed. Jan. 18th Target:
1. Finish taking up Practice Exam #2
2. Start Practice Exam #3
Thurs. Jan. 19th Target:
1. Finish Practice Exam #3 - take up
2. Start Practice Exam #4
Fri. Jan. 20th Target:
1. Finish Practice Exam #4 - Take up
Mon. Jan. 23rd Target:
1. Final Exam
1. Finish Practice Exam #3 - take up
2. Start Practice Exam #4
Fri. Jan. 20th Target:
1. Finish Practice Exam #4 - Take up
Mon. Jan. 23rd Target:
1. Final Exam