Rocky Point HS Business Education Department

COLLEGE ACCOUNTING

Instructor: Mrs. Basileo
No. of credits: 1 + (Optional) 3 college credits from Farmingdale SUNY
Grade level: 11-12
Prerequisite: Limited to juniors and seniors with not less than an 80% cumulative average

Class eBoard: http://lbasileo.rpschools.site.eboard.com/

Accountants are the backbone of any industry. Without their expertise, business owners—from the entrepreneur DJ to the international corporate CEO—would not know their true fiscal worth or whether they were truly making a profit or running themselves into bankruptcy. Accountants are information experts who hold the only source of complete information about a business. Business failures are routinely blamed on the lack of accurate financial records; however, a good accounting system will provide the information essential to the survival of a business. In this class, you will learn the key elements in establishing and maintaining good accounting records.

College Accounting is a full-year course covering the content generally contained in the college equivalent of Principles of Accounting I and II. The course is designed to accommodate students preparing for a career in accounting as well as students who plan to pursue a career in business administration (or a related field of study). During the first semester, the student learns the fundamentals of accounting including the accounting cycle, design and preparation of books of account, and construction of financial statements. Other topics include internal control, cash, receivables and payables, plant and equipment, inventory valuation, and payroll accounting. The second semester applies the concepts and principles studied during the first semester to partnership and corporate accounting, budgeting and managerial concepts, and interpretation of financial statements. Students may elect to take the course for 3 college credits from Farmingdale State University of New York.

Business Education Department at RPHS offers College Accounting through
UNIVERSITY IN THE HIGH SCHOOL PROGRAM
Farmingdale State University of New York
2005-2006

WHAT IS THE UNIVERSITY IN THE HIGH SCHOOL PROGRAM?

The University in the High School Program enables qualified high school juniors and seniors to earn college credit for approved courses offered in their own school. Students who register with Farmingdale State University of New York and successfully complete the course will be eligible to earn undergraduate credit. Credits will be recorded on an official Farmingdale State University of New York transcript, and can either be used in pursuit of a degree at Farmingdale, or a transcript can be sent to any other college a student wishes to attend.

WHY DOES FARMINGDALE STATE UNIVERSITY OF NEW YORK OFFER THIS PROGRAM?

Farmingdale State University of New York would like to help bridge the gap between high school and college level study. By providing the University in the High School Program to high school students, Farmingdale State University of New York allows students to partake in college level course work while attending high school. By exposing students to this level of work and allowing students an opportunity to take advantage of the campus library and other resources, Farmingdale State University of New York aspires to motivate students to continue college level work after graduating high school.

WILL OTHER COLLEGES ACCEPT THESE CREDITS?

Upon successful completion of a course, a student may request a transcript from Farmingdale State University of New York. Acceptance by other SUNY schools is typical. While no guarantee can be offered for all American colleges and universities, we have found that such credits earned with a grade of "C" or better are accepted by a broad range of public and private institutions.

WHAT DOES IT COST?

The fee is $120.00 per course. If you are a student enrolled in the free or reduced lunch program, you are eligible to pay only $60.00/per course/per student. See your guidance counselor if you are not sure if you are eligible.

HOW DO I SIGN UP?

First, see your guidance counselor as soon as possible to include College Accounting in your schedule. Next, registration with Farmingdale State University of New York will take place in class during September. It's that easy!

CLASS LINKS

Site Name: Accounting: Book Companion Site

This web site provides students with the following chapter resources:

Frequently Asked Questions (FAQ)

Interactive Quizzes

Internet Applications

Key Points

PowerPoint Slides

Review Problems

e-Lectures

Site Name: Start Here to Go Places
URL Address: http://www.startheregoplaces.com/
Created by the American Institute of Certified Public Accountants (AICPA); contains tons of information about accounting and business.

Site Name: Next Generation Accountant
URL Address: http://www.nextgenaccountant.com/
Next Generation Accountant has great information about the profession.

Site Name: FastWeb
URL Address: http://fastweb.monster.com/index.ptml
This is an excellent site for scholarship information.

Site Name: Accountant's Hall of Fame
URL Address: http://fisher.osu.edu/acctmis/hall/

Site Name: American Society of Certified Public Accountants
URL Address: http://www.aicpa.org

Site Name: CPA Exam
URL Address: http://www.cpa-exam.org
Big changes are coming to the exam. In 2004, the pencil and paper exam will become computerized.
This site has all the information you'll need to keep up to date.

Site Name: National Association of State Boards of Accountancy
URL Address: http://www.nasba.org/nasbaweb.nsf/?Open
CPA Examination. Click on Site Map and then look for "Uniform CPA Examination" under Examinations.

Site Name: New York State Society of Certified Public Accountants
URL Address: http://www.nysscpa.org/