I.  Bellwork: Page 121 Critical Thinking 1-2 Q&A  II.   Objectives: Interpret, analyze, and journalize financial transactions using accounting software in accordance with General Accepted Accounting Procedures. Maintain and monitor a general ledger accounts Prepare a bank statement reconciliation Follow and apply multi-step procedures when performing accounting  tasks; based on explanations in the text and […]

I.  Bellwork: Internet Search What is embezzlement? Explain internal controls related to accounting Provide an example of an accounting internal control  II.  Objectives: Interpret, analyze, and journalize financial transactions using accounting software in accordance with General Accepted Accounting Procedures. Maintain and monitor a general ledger accounts Follow and apply multi-step procedures when performing accounting  tasks; […]

I.  Bellwork Page 152 Q&A 1-2  II.  Objectives: Apply accounting terminology and practices/procedures used in cash controls on the exam Interpret and analyze financial information to record journal entries, establish and replenish petty cash, and prepare a bank reconciliation. III.  Chapter 5 Test iLearn 4th hour:  Forensic Accounting page 112 FA_CH04

3rd Hour Objectives: Describe significant points made by the speaker relating to credit, financing, and banking Reflect upon the information provided by the speaker and apply it to personal,  academic, and professional endeavors. Lecture Hall with Guest Speakers Mrs. Peggy Richard & Mr. Charles Hoff from DFCU – Dearborn Federal Credit Union Guest Speaker sheet […]

I.  Bellwork Q&A When is the only time you will record an accounting entry using the petty cash account? What is credited when petty cash is replenished? What are two different adjustments that need to be made to the bank statement cash balance when preparing a bank reconciliation? II.  Objectives Interpret and synthesize information from […]

I.  Bellwork:  Page 146 Q&A 1-2 II. Objectives Synthesize information from source documents to prepare a bank reconciliation resolving conflicting information when possible. Review accounting terminology and practices/procedures used in cash controls to prepare for the exam III. Classwork 3rd Hour only – 5M on Automated Accounting Chapter 5 Review on Aplia 5-C on Aplia

I.  Bellwork Ex-comptroller sentenced for stealing Summarize what occurred and explain how it happened. What was the associated sentence for this crime? II.  Objectives Interpret and analyze financial information to record journal entries, establish and replenish petty cash, and prepare a bank reconciliation. Follow multi-step procedures when performing accounting  tasks; based on explanations in the […]

I.  Bellwork: Page 139 Q&A 1-3 II.  Objectives: Establish a petty cash fund. Replenish a petty cash fund. Explain the steps necessary to prepare a petty cash report II.  Discussion/Notebook Purpose of Petty Cash Reconciling Petty Cash III.  Classwork On Aplia Work Together & On Your Own Application Problem 5-4

I.  Bellwork: page 134 Q&A 1-2 II.  Objectives: Complete record keeping for a dishonored check. Journalize an electronic funds transfer. Journalize a debit card transaction Using the textbook and discussion, compare debit cards and credit cards, noting similarities and differences in a bubble Map. III.  Discussion/Notebook Check Stub vs. Bank Balance – Double Bubble Debit […]

I.  Bellwork:  Read Article What Happens When You Put a Stop Payment on a Check? A.   Questions & Answers 1. Explain under what circumstances should a stop payment be issued? 2. What is the procedure for stopping payment on a check? 3. Are fees associated with a stop payment and what are they? 4. How […]