4/6/2015
This week’s objectives:
Review Chapter 7,8,9.
In Class Activity:
Answer chapter 7,8,9 review work sheet.
Assignment:
Prepare yourself for the accounting exam, please check the material covered in the post below.
Dear Accounting class,
Thank you for a delightful, enriching journey.
I wish you all the best.
Sincerely,
Noura Salama
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28/5/2015
This week’s objectives:
Prepare and analyze Balance Sheets.
In Class Activity:
9-5,9-6, 9-7
Head’s Up:
Material Covered for Semester Two:
Student is responsible to study the following topics;
Unit 2: The Basic Accounting Equation
Chapter 7 Posting Journal Entries To General Ledger Accounts
- Section 1: The General Ledger
- Section 2: The Posting Process
- Section 3: Preparing a Trial Balance
Chapter 8 The Six-Column Worksheet
- Section 1: Preparing the Worksheet
- Section 2: Completing the Worksheet
Chapter 9 Financial Statements For A Sole Proprietorship
- Section 1: The Income Statement
- Section 2: The Statement of Changes in Owner’s Equity.
- Section 3: The Balance Sheet
Student is to study from;
- Text book.
- Notes based on ppts.
- Homework assignments.
- Quizzes
- Tests
Best of luck!
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21/5/2015
This week’s objectives:
Present Semester Two Projects.
In Class Activity:
Presentations in class.
Please note that Wednesday we had no class due to the MOEs.
Also Thursday we had no class due to the half day.
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14/5/2015
This week’s objectives:
Practice preparing an income statement and change in owner’s equity report.
In class activity:
Working Papers 9-4,9-5,9-6,9-7.
Assignments:
Study for section 9-1 and 9-2 quiz.
Prepare for semester two project.
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7/5/2015
This week’s objectives:
Practicing and preparing an Income Statement.
Preparing a change in owner’s equity account.
In class activity:
Work Papers Problem 9-8,9-4,9-5.
Assignments:
Problem 9-7 (1,2,3) page 245.
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30/4/2015
This Week’s Accounting Objectives
Assess Chapter Eight Concepts.
How to create and analyze Income Statements.
Identifying the sources for the information that leads us to understanding the change in the owner’s net worth.
In Class Activity:
Draw up and conclude income statements based on chapter 8 worksheets.
Assignment:
Study Chapter 8 concepts.
Upcoming:
Chapter Eight Test on Wednesday.
Best of Luck on your SATs!:)
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16/4/2015
Welcome Back!
This week’s objectives:
Listing accounts in the corresponding Income Statement or Balance Sheet columns.
Calculating Net Income and Net Loss.
In class activity:
Working Papers Problem 8-7 and 8-8 .
Assignments:
Study Chapter Eight to prepare for a quiz on Wednesday the 22nd and a test on Thursday the 30th.
Reminders:
School Carnival has been postponed to the 9th of May.
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3/4/2015
This week’s objectives:
Listing accounts in the corresponding Income Statement or Balance Sheet columns.
Calculating Net Income and Net Loss.
In class activity:
Work Papers Problem 8-5 and 8-6 .
Assignments:
Have a great, relaxing spring break!!
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26/3/2015
This week’s objectives:
Introducing a six column worksheet.
Balancing a trial balancing.
Ruling a trial balance.
Listing accounts in the corresponding Income Statement or Balance Sheet columns.
In class activity:
Work Papers Problem 8-1, 8-2 and 8-3.
Assignments:
Section 8-4 Problem, trial balance only pg.215.
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20/3/2015
This week’s objectives:
Assess students’ understanding of chapter 7.
Understand where and why Accounting was first used.
In class activity:
Monday 16/3/2015:
Chapter Seven Concept Assessment Sheet.
Chapter Seven Quiz
Wednesday 18/3/2015:
Accounting Analysis Article and Analyzing Tables Worksheets.
Thursday 19/3/2015:
Chapter 7 Test.
Important Reminders:
Please bring in your Wednesday Worksheets to be graded.
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15/3/2015
This week’s objectives:
Practice trial balance.
Introduce and discuss Global Money Week.
In class activity:
Answer trial balance question for 7-7 and 7-8.
Highlight of the week:
- Trip to Bank Misr Downtown branch and Money Museum.
- Trip to Egyptian Stock Market.
Upcoming events:
Chapter Seven Quiz on Monday.
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8/3/2015
This week’s objectives:
Practice posting and trial balance.
Exercising speech skills.
In class activity:
Answer question 7-8 in class.
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1/3/2015
This week’s objectives:
Practice posting.
Execute a trial balance.
Class work:
Wednesday:Answer problem 7-7 page 188 and 189.
Thursday: Answer problem 7-8 and 7-9 page 189, 190
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19/2/2015
Accounting
This week’s objectives:
Understand the purpose of general ledger.
Learn how to open general ledger accounts.
Understanding posting from journal to ledger accounts.
Class work:
Monday 16/2/2015: Opening general ledger accounts worksheet.
Thursday 22/1/2015: Posting from general journal to general ledger accounts.
Assignments:
Due on Monday, February the 23rd;
Problem 7-7 numbers 1,2,3 pg.188, 189
Reminder
Trip to “El Ghad El Moshreq Mental Disability Iunstitution” next
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22/1/2015
This week’s objectives:
Assess students’ understanding of chapter 6 concepts through a test.
Review over chapter 1 and 2 concepts.
Class work:
Monday 19/1/2015: Chapter 6 test.
Wednesday 21/1/2015: Chapter One Concept Assessment Sheet.
Chapter One Quiz.
Thursday 22/1/2015: Chapter One Concept Assessment Sheet.
Chapter One Quiz.
Assignments:
Due on Monday, January the 26th;
Revision Quiz on Chapter 3.
Due on Wednesday, January the 28th :
Revision quiz on Chapter 4
Due on Thursday, January the 29th :
Revision quiz on Chapter 5.
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15/1/2015
This week’s objectives:
Make general journal entries.
Correct errors in general journal entries.
Class work:
Monday 12/1/2015: Redo of problem 2 on chapter five test.
Wednesday 14/1/2015: General Journal Entries (6-6/ 6-7/6-8) in the book on pages 159, 160,161.
Thursday 15/1/2015: Chapter 6 Concept Assessment worksheet.
Assignments:
Due on Monday, January the 19th;
Chapter Six Test.
Problem 6-8 on page 161 for those who did not finish it in class.
Due on Wednesday, January the 21st :
Revision quiz on chapter one.
Due on Thursday, January the 22nd :
Revision quiz on chapter two.
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18/12/2014
My dear students;
This week’s objectives:
Assess chapter 5 understanding.
Apply information from source documents.
Describe the steps to make a general journal entry.
Make general journal entries.
Correct errors in general journal entries.
Class work:
Chapter Five Test
General Journal Entries Problems (6-6) and (6-7)
Semester Exam Outline:
Student is responsible to study the following topics;
Unit 1: Introduction to Accounting
Chapter 1 You And The World Of Accounting
- Section 1: Exploring Careers
- Section 2: Accounting Careers: The Possibilities Are Endless
Chapter 2 The World Of Business And Accounting;
- Section 1:Exploring The World Of Business
- Section 2: Accounting: The Universal Language Of Business
Unit 2: The Basic Accounting Equation
Chapter 3 Business Transactions And The Accounting Equation
- Section 1: Property And Financial Claims
- Section 2: Transactions That Affect Owner’s Investment. Cash, And Credit.
- Section 3: Transactions That Affect Revenue, Expense, And Withdrawals By The Owner.
Chapter 4 Transactions That Affect Assets, Liabilities, And Owner’s Capital
- Section 1: Accounts And The Double-Entry Accounts System
- Section 2: Applying The Rules Of Debit And Credit
Chapter 5 Transactions That Affect Revenue, Expense And Withdrawals
- Section 1: Relationship Of Revenue, Expenses, And Withdrawals To Owner’s Equity
- Section 2: Applying The Rules Of Debit And Credit To Revenue, Expense, And Withdrawals Transactions
Chapter 6 Recording Transactions In A General Journal
- Section 1: The Accounting Cycle
- Section 2: Recording Transactions In The General Journal
Student is to study from;
- Notes based on ppts.
- Homework assignments.
- Quizzes
- Tests
Best of luck!
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My dear students;
This week’s objectives:
Explain the first three steps in the accounting cycle.
Give and describe several examples of source documents.
Explain the purpose of journalizing.
Apply information from source documents.
Describe the steps to make a general journal entry.
Make general journal entries.
Correct errors in general journal entries.
Class work:
General Journal Entries.
Due on Monday, December the 8th;
Problem (5-5) and (5-6) on pages 125 and 126
Due on Monday, December the 15h;
Problem (6-4) and (6-5)
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4/12/2014
My dear students;
This week’s objectives:
Explain the difference between permanent accounts and temporary accounts.
List and apply the rules of debit and credit for revenue, expense, and withdrawals accounts.
Test a series of transactions for equality of debit and credit.
Class work:
All section two transactions.
Problem (5-4) on page 124
Due on Monday, December the 8th;
Problem (5-5) and (5-6) on pages 125 and 126
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27/11/2014
Dear Accounting Class;
I am now proud to say that you are able to solve T-account transactions in full scope with this weeks’ addition of the “Temporary Accounts”.
Remember;
Assets, Liabilities and Owner’s Equity accounts are permanent accounts.
Expenses, Withdrawals and Revenue are temporary accounts that are transferred to the Owner’s equity accounts at the end of the accounting period.
Expenses and Withdrawals follow the same rule of debit and credit as Assets.
Revenue follows the same rules for debit and credit as Liabilities and Owner’s Equity.
Assignments;
Due on Monday 1st of December;
Section 5.2 Assessment Questions no. 4,5,6
Pg.122
Problem 5-3 on Page 124.
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20/11/2014
My dear students;
This week we did more practice on the double entry accounts system .Always remember that each transaction needs to be recorded once as Debit and once as Credit to keep the equation balanced.
I would like to thank all my Accounting Students who joined the New Suez Canal trip; it was an honor accompanying you on this trip. I hope one day you will make this country proud as much as you make me.
Due on Thursday 20th of November;
Problem 4-5/4-6/4-47on pages 98,99 and 100.
Due on Monday the 24th of November:
Chapter four test.
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13/11/2014
Dear future accountants;
This week we practiced the double entry accounts system .Please note that Accounting gets easier by practice and if you ever feel that you need additional support please do not hesitate to contact me for in school support sessions or additional worksheets for extra practice.
You also sat for the Chapter Three Test, always remember to bring with you a ruler, pencil and calculator for any accounting assessment.
Resources covered in class:
Chapter three test.
Chapter Four Section One and Two exercise problems from the book.
Due on Monday 10th of November:
Problem 4-2/4-3/4-4 on pages 91,96 and 97.
Due on Wednesday 12th of November:
Chapter Three test.
Coming Up:
Chapter Four test on Thursday the 20th.
___________________________________________________________________________6/11/2014
Dear future accountants;
This week we covered the double entry accounts system.
You were subjected to the following terms;
- Charter of accounts.
- Ledger
- T-account.
- Debit
- Credit
Resources covered in class:
Part C and Part D Accounting worksheet.
Chapter quiz reviewing concepts.
Assignments and deadlines:
Due on Monday 3rd of November:
Problem 3-4/3-5/3-6/3-7-3-8/3-9 in the book pages 71,72,73,74.
Due on Thursday 6th of November:
Problem 3-10/3-11 on pages 74 and 75.
Due on Monday 10th of November:
Problem 4-2/4-3/4-4 on pages 91,96 and 97.
Coming Up:
Chapter three test on Monday the 10th.
___________________________________________________________________________30/10/2014
Dear future accountants;
I am proud at your progress in the whole process of analyzing transactions. You are now able to;
- Understand what a business transaction is.
- Explain how business transactions affect business accounts.
- Check the balance of the accounting equation after a business transaction has been analyzed and recorded.
This week’s quiz is a reflection of how well you understand the process. If you did not do well that means you need further practice. I cannot emphasize the importance of practice in Accounting. Do all the worksheets handed out to you with care and attention to achieve better, quicker results. If you feel the need to ask for more resources, I would be more than glad to do so.
Highlights of the week;
Notes! Notes are an essential, non-negotiable part of this class. I would like to thank every student who did an effort to keep an organized, neat record of what is going on in class. For the students who have received direct instruction to complete their notes please be reminded that the deadline to do so is Monday, November 3rd. Please check e-connect for your notes grades under participation.
Assignments;
Deadline 28th of October:
1.Numbers 5,6,7 page 48.
2.Page 66.
Deadline 29th of October:
1.Number 1,2,3,4 page 68.
Deadline 3rd of November:
Complete Thursdays class work problems 3-7,3-8,3-9 pgs.72,73,74.
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Dear future accountants,
This week we started actual record and book keeping, remember that;
Property = financial claims.
Assets= Liabilities + Owner’s Equity.
Accounting needs a lot of practice, feel free to create the same balance sheet more than once until you are comfortably able to place the business transactions in its proper place in the equation.
Worksheets:
Students were required to complete worksheets one, two and three in class.
Assignments;
Due on Wednesday the 22nd: Page 56 in the Accounting book.
Summative Assessments;
Next week’s quiz will be a check point upon which the pace of progress in chapter three will be determined.
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15/10/2014
Dear Accounting students,
This week’s key words are Financial Reports, Financial Accounting, Managerial Accounting, GAAP, transactions and FASB.
On Thursday we will take the following terms Creditor, Financial Claim, Property and Credit.
This week students were exempted from homework assignments and summative assessments in class due to their participation in the MUN extracurricular activity.
Best of Luck!
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1/10/2014
Dear Accounting students,
This week I really enjoyed your entrepreneur presentations, I believe with further practice you all will master the skill.
Also, this week we covered the three different forms of business organization.
Please be prepared for you first chapter test tomorrow covering chapters one and two.
Note that you can show up to school tomorrow out of uniform.
Have a great Eid break!
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23/9/2014
Dear Accounting students;
This week we covered the world of businesses, what is the roles of businesses, what is a free-enterprise system and who is an entrepreneur.
Our first pop quiz took place this week which serves as a reminder of always being prepared.
On tomorrow’s class agenda we will be doing the three basic types of Economies with an interesting activity to look forward too.
Finally, we will end the week with the entrepreneur presentations due on Thursday. Remember to work with your partner and follow the rubric given to you in class for guidelines.
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17/9/2014
Dear Accounting students;
This week we discussed the role of businesses in a free-enterprise system. We also talked about the profit motive and how entrepreneurs shaped our modern world.
The ideas shared by the students today in class about new businesses in Egypt were both innovative and promising.
Be prepared for a quiz soon!
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Dear students,
This week we discussed how you are better able to take career decisions by exploring your interests and knowing your skills.
We also covered what an accountant does specifically.
Be ready for Thursday’s the 11th presentations.
The graphic organizer needed for Thursday’s presentations is attached.
Accounting.Careers Schedule
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Course Outline 2014-2015
Course Title:Accounting Teacher: Ms.Noura Salama
About the teacher:
I, Noura Salama, will have the pleasure of teaching Business Administration to group B for this academic year. I am a graduate of the Faculty of Economics and Political Science majoring in Economics. This will be my sixth year teaching. Currently, I am working on acquiring my Master’s degree in education from The College of New Jersey to be completed by the year 2015-2016. I hope this year would be a memorable, fruitful year for all parties involved.
Course Description:
This course is designed to enable students to understand the role that accountants play in business and society as well as demonstrate the skills and competencies required to be successful in the accounting profession and/or in an accounting-related career.
Grading:
- 15% Class participation, attendance
- 20% Assignments
- 15%Tests
- 15% Projects
- 20% Quizzes
- 20% Exams ( two semester exams)
Student Behavior and Expectations:
- Students are expected to come to class prepared with the textbook, notebook, calculator and writing supplies. Lack of any of the supplies would result in deduction of participation grades.
- Quizzes will be given weekly to evaluate students’ understanding of covered material. Quizzes may be announced or unannounced.
- Tests will be given at the end of every chapter covering material discussed in class in addition to notes, quizzes and assignments. A notice of the test will be given a week in advance.
- Student is responsible for writing notes in class and maintaining a neat and complete notebook. Failure to do so would result in deduction of participation grades.
- Cheating ,including copying the homework, will not be tolerated and would result in an immediate zero on the quiz/test/exam/homework.
- Student is required to complete homework assignments as they would help student in studying. All unexcused late work will receive a zero.
- Student is responsible for getting all missed work and assignments for the days he/she were absent. All missed work should be submitted the next day back with a written excuse authorized by the school supervisor.
- Eating is prohibited in class.
- Students are required to be in class on time, failure to do so would result in grade deductions.
- Student is required to do his/her own original work. Plagiarism will result in a zero.
- Students are expected to communicate in class using only English.
- Participation in class is highly recommended and does affect one’s grade.
Contact Information:
Students and parents can reach me at any time through my email nourasalama@gpschool-eg.com.
I also will be posting updates, news and reminders on the grades nine and ten blogs on the accounting page.
11thgradegps2015 