EIP Mathayom Course Description

First Semester

Subject: Accounting Department: Math

Grade: Mathayom 5 Course Code: MA32207
Periods: 5 Credit: 2

Course Description:

This course provides an introduction into accounting procedure, statements, concepts, and
principles. Effective decision-making, ethical choices, and critical thinking will be integrated
into the course to help students analyze, classify and record business transactions. This course
will cover the complete accounting cycle, financial statements and bank reconciliations. Students
will learn how to understand, prepare, interpret, and evaluate financial statements. Throughout
the semester, students will also learn about the fundamental principles of double-entry
bookkeeping, trial balances, special journals, adjusting entries, and closing entries.

Course Objectives:

1. Help students develop personal and professional skills for school and work.
2. Discuss the relationship between the manual system of accounting and the computerized
system.
3. Understand the effects of transactions on business and the importance of these
transactions being recorded correctly.
4. Explain the purpose of double-entry accounting and use T accounts to analyze
transactions that affect assets, liabilities, and owners capital accounts.
5. Discuss the difference between permanent and temporary accounts and how to apply the
rules of debit and credit for revenue, expense, and withdraws accounts.
6. Learn the steps to make general journal entries and correct errors.
7. Explain the purpose of the income and balance sheet including interpreting ration
analysis and how to compute ratios.
 EIP Mathayom Course Description
First Semester

Glencoe Accounting

Chapter 1: You and the world of accounting

1.1 Exploring careers
1.2 Accounting careers: the possibilities are endless

Chapter 2: The world of business and accounting

2.1 Exploring the world of business
2.2 Accounting: the universal language of business

Chapter 3: Business transactions and the accounting equation

3.1 Property and financial claims
3.2 Transactions that affect owners investment, cash, and credit
3.3 Transactions that affect revenue, expense, and withdrawals by the owner

Chapter 4: Transactions that affect assets, liabilities, and owners capital

4.1 Accounts and double-entry accounting systems
4.2 Applying the rules of debit and credit

Chapter 5: Transactions that affect revenue, expenses, and withdrawals

5.1 Relationship of revenue, expenses, and withdrawals to owners equity
5.2 Applying the rules of debit and credit to revenue, expense, and withdrawals transactions

Chapter 6: Recording transactions in a general journal

6.1 The accounting cycle
6.2 Recording transactions in the general journal

Chapter 7: Posting journal entries to general ledger accounts

7.1 The general ledger
7.2 The posting process
7.3 Preparing a trial balance

Chapter 8: The six-column work sheet

8.1 Preparing the work sheet
8.2 Completing the work sheet
Chapter 9: Financial statements of a sole proprietorship
9.1 The income statement
9.2 The statement of changes in owners equity
9.3 The balance sheet and the statement of cash flows

Chapter 10: Completing the accounting cycle for a sole proprietorship

10.1 Preparing closing entries
10.2 Posting closing entries and preparing a post-closing trial balance

Chapter 11: Cash control and banking activities

11.1 Banking procedures
11.2 Reconciling the bank statement

Grade breakdown:

Chapter 1-3 quiz 10%

Chapter 4-6 quiz 10%
Chapter 7-9 quiz 10%
Chapter 10-11 quiz 10%

Homework 15%
Participation 5%

Midterm exam 20%

Final exam 20%