My Finance Class

Welcome to My Finance Class, the official website for Financial Services and BPA at Northwest High School.

FSJ

  

  

Your first step toward a successful future in business & finance starts right here ...

  

FS

       

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FSJ

Strategic Entrepreneurship & Financial Accounting
   

  "Financial Services Juniors" consists of two courses: Strategic Entrepreneurship and Financial Accounting. Throughout the first year of the program, FSJ students discover what makes a company successful ... and learn how to start, manage, and grow their own successful businesses.

 
      
 

 

 

 

 

 

 

 

  

 

 

Financial Services Juniors


QUESTION OF THE DAY

10pts daily, due by the end of class.
 

Every day, class will start with a "Question of the Day". You should do your best to write a complete response (25 word minimum) to the question and EMAIL it to me. If you aren't sure about what to write, please ask! No credit will be given for late QODs, unless you were absent that day.

 

WEEK 35

Monday, April 29: Today, we’ll start working on adjusting entries in  a worksheet. What are some of the adjusting entries you remember making last quarter?

Tuesday, April 30: Today and tomorrow, we are going to focus on the merchandise inventory account. Why is this topic so important for merchandising businesses?

Wednesday, May 1: What’s the difference between the FIFO, LIFO, and Weighted Average methods of  determining the cost of inventory?

Thursday, May 2: What do you think is mean by “uncollectible accounts”? Why are some accounts uncollectible?

Friday, May 3: At what point do you think a business should give up on collecting a debt and write off the AR? Does it matter how much the customer owes?

 

WEEK 36

Monday. May 6: Give a brief review of the process of accounting for inventory and uncollectible AR…

Tuesday, May 7: How did the comprehensive problem go yesterday? Are you on track for completing it today??? (if not, please talk to me about how I can help you get it done)

Wednesday, May 8: What is the purpose of depreciation? How have we calculated depreciation expense up until now?

Thursday, May 9: What's on your mind today?

Friday, May 10: We’ve now learned enough for you to tackle any of these events: Fundamental Accounting, Advanced Accounting, and Payroll Accounting. Do you think you’ll try one next year?

 

WEEK 37

Monday, May 13: We’re going to learn how to calculate federal taxes for a corporation. Why do you think we never had to calculate taxes for a sole proprietorship?

Tuesday, May 14: What is the biggest difference between the financial statements for corporations and sole proprietorships?

Wednesday, May 15: As we start to review everything we’ve learned in accounting this semester, what do you think was the trickiest thing we’ve done?

Thursday, May 16: It’s our last Thursday of the year together … and we have our year-end party tomorrow. What are you bringing to share for the party?

 

WEEK 38

Monday, May 20: It’s your last QOD of the year … so you pick what you want to talk about. 

 

CURRENT EVENT

100pts weekly, due by Sunday at midnight.
 

Every week, you will be responsible for finding a recent news article which relates to a relevant business, finance, or entrepreneurship topic. The criteria include:

  • A 250 word paragraph that (1) summarizes your article, (2) explains how it relates to class, and (3) provides your own personal reflections on the topic.
  • Typed in MS Word or Google Docs and attached to an email.
  • Use MLA format for the paper and cite your source.
  • No credit will be given if your current event does not meet all of these criteria.

Example of Current Event in MLA Format

  

FINANCE RESOURCES

Yahoo Business: //news.yahoo.com/business/

CNN Money: //money.cnn.com/

Fox Business: www.foxbusiness.com/index.html

NBC Business: www.nbcnews.com/business#/

ABC Business: //abcnews.go.com/business

CBS MoneyWatch: www.cbsnews.com/moneywatch/

VentureBeat: www.venturebeat.com

Fast Company: www.fastcompany.com

Entrepreneur: www.entrepreneur.com

Inc.: www.inc.com

Young Entrepreneur: www.youngentrepreneur.com

Wall Street Cheat Sheet: //wallstcheatsheet.com/ 

Tax Information for Students (Resource): //www.irs.gov/individuals/students/index.html 

AccountingEdu.org: www.accountingedu.org 

Ohio Society of CPAs: www.ohiocpa.com 

American Institute of CPAs: www.aicpa.org 

 

FLIPBOARD MAGAZINE

View my Flipboard Magazine.

 

IMPORTANT DOCUMENTS

Copies of the syllabus, weekly sheets, worksheets, and handouts can be downloaded in PDF format below.
 

SYLLABUS & WEEKLY SHEETS

FSJ Syllabus 2018-19

FSJ Guide & Forms 2018-19

FSJ Weekly Sheet 19 20

FSJ Weekly Sheet 21

FSJ Weekly Sheet 22

FSJ Weekly Sheet 23

FSJ Weekly Sheet 24

FSJ Weekly Sheet 25

FSJ Weekly Sheet 26

FSJ Weekly Sheet 27

FSJ Weekly Sheet 28

FSJ Weekly Sheet 29

FSJ Weekly Sheet 30

FSJ Weekly Sheet 31

FSJ Weekly Sheet 32

FSJ Weekly Sheet 33

FSJ Weekly Sheet 34

FSJ Weekly Sheet 35

FSJ Weekly Sheet 36

FSJ Weekly Sheet 37

FSJ Weekly Sheet 38

  

WORKSHEETS & HANDOUTS

The Accounting Equation

Sorting Out Business Transactions

I Drew It Myself

Jim's Lawn Care Revisited

Mindy the Matchmaker

Chart of Accounts

Ken's Salon Basement

John Q Public

Feeling AT Home

Mr T Accounts

T Accounts R Us

A Brief Review of D&C

Source Documents

Wreckless Drivers

I Spy Private Eye

Journalizing Cash and Petty Cash

Hair Um Salon (with Petty Cash)

Nikki Tikki Taxes

Jim's Back!

Disco Dave's Dance Club

Ice Ice Baby

Spooky Hollow Theater

Step by Step: Deferrals & Accruals

D&A in Your Life

Journalizing Depreciation

Drain Sugeons

House O Painting

Annie's Animal Care - Warm Up

David's D-Lux Drycleaning

ABC Review

Annie's Animal Care - Complete

Disco Dave's Dance Club 2.0

Sole Man

Kung Fu Problem and Excel File

Speedy G Delivery

Goodnight Moon

Yellow Jacket Realty

Accounting Crossword

Xtreme Ski Review

ABSOLUTE ADVANTAGE

Merchandising Business Plan

Income Statement for YOUR Merch Business

Exploring Special Journals: PJ CPJ

Slim Shady PJ CPJ

Creepy Pete PJ CPJ GJ

Ed's Electronics PJ CPJ GJ

Exploring Special Journals: SJ CRJ

Simple Simon SJ CRJ

Practice PRA SRA

Handy Hal PJ CPJ SJ CRJ GJ

Practice AP Sub Ledger

Grover's Groceries PJ CPJ GJ

Practice AR Sub Ledger

Tippecanoe RJ CRJ GJ

Posting Special Journal Totals

Jewel's Jewelry Store

Colby Jack SJ PJ GJ CRJ CPJ / AR AP G

Analyzing a Payroll Time Card

Payroll Tax Withholding

Payroll Register

Journalizing Payroll

Group Review of SJ with Payroll

Recording Employer Payroll Taxes

Paper ClipZ - Comprehensive Problem

Review Problem

Stockholders' Equity for a Corp

Reading Financial Tables

MuZic Center

Merchandise Inventory Adjustments

Inventory Costing Methods

Uncollectible Accounts Adjustments

Article: What to Do With Bad Debts

Writing Off Accounts

Jock's Sporting Goods

Depreciation Adjustments

Plant Assets and Depreciation

Calculating Federal Income Tax

Carlottas Used Cars

Preparing Corporate Financials

Frank's Furniture Fair

 

FSJ JOURNEY PAPER

   

CLASS REPS

 

 

Milli Boni 
Milli Boni
 
Ben Walden 
Ben Walden
 
Nick Yun 
Nick Yun