http://www.merlot.org:80/merlot/ A search of MERLOT materials Copyright 1997-2013 MERLOT. All rights reserved. Wed, 22 May 2013 12:48:30 PDT Wed, 22 May 2013 12:48:30 PDT http://www.merlot.org:80/merlot/images/merlot.gif http://www.merlot.org:80/merlot/ 44 34 http://www.merlot.org/merlot/viewMaterial.htm?id=90900 This is an excellent interactive on-line case study of the Cameron Hot Air Balloon factory in Bristol, UK. It covers many aspects of the functional disciplines of business: human resource management, operations, production management, accounting, marketing, etc. It also includes hypertext links to different departments in the ACTUAL FACTORY! The site is Illustrated with real photos, bios of various managers, and data. This is a real find! http://www.merlot.org/merlot/viewMaterial.htm?id=82491 Explains three major financial statements: income statement, balance sheet and cash flow statement. Includes interactive activities, quizzes and printable study guide. To view a video of the award winning author, go to Guide to Financial Statements - the Business 2007 Award Winner video http://www.merlot.org/merlot/viewMaterial.htm?id=80336 This computer based instruction tutorial teaches students how to develop a Statement of Cash Flow (SCF) from given balance sheet and income statement information. The module was developed using Authorware Professional 4.0. It takes approximately 1-2 hours for students to complete the lesson. The Statement of Cash Flow is one of the more difficult concepts to teach in an Introductory Financial Accounting course. Students often find the underlying concepts confusing, particularly after using accrual accounting techniques for several weeks to prepare balance sheet and income statement information. This CBI lesson helps students to understand the type of information communicated by the SCF. They also learn relevant procedures for preparing the SCF at their own pace, and the lesson provides interactive exercises and feedback to allow students to test and reinforce their learning.The lesson is divided into six modules: an introduction, a review of accrual accounting concepts and their effects on the balance sheet working capital accounts and related income statement accounts, three separate modules on how to calculate cash flow from operations, investing, and financing activities respectively, and a final section on interpreting the finished SCF.The lesson is designed to show financial information necessary to prepare the SCF on one screen, as well as instructional narrative and student feedback. The screen shows a Balance Sheet and Income Statement on the right side. Related general ledger accounts are shown in the bottom left portion of the screen. Instructional narrative and student input occurs in a box in the top of the screen. The Statement of Cash Flow is constructed in the centre of the screen through animations.Journal entries are used to illustrate how cash effects which result in changes to non-cash balance sheet accounts can be used to develop the SCF. Balance sheet changes from one year end to the next are classified as operating, investing, or financing activities and journal entries to account for these changes are constructed in the narrative portion of the screen. The resulting journal entry amounts are then ?posted? to the general ledger accounts on the left hand side of the screen by means of animation, and ending balances in these G/L accounts are automatically calculated which agree to the ending balances on the balance sheet.Any entries that affect the Cash and Cash Equivalents general ledger account are then transferred to the SCF by means of animation. In this way, students learn how to classify various balance sheet accounts as affecting operating, investing, or financing activities on the SCF, re-construct summary journal entries, see how changes to these accounts affect cash flow, and prepare the SCF based on this information.There are other types of interactions included in the lesson besides animations. Students are required to calculate and enter the amounts of changes to various balance sheet accounts, and indicate whether these changes increase or decrease cash. Answers are evaluated, and students are prompted to re-try incorrect answers. A limited number of attempts is allowed before students are given appropriate feedback.Students are also required to select what sections of the balance sheet are applicable to operating, investing, or financing activities by clicking on the portions of the balance sheet. These responses are evaluated for appropriateness. A section in the introductory portion of the lesson also gives students practice in determining what types of balance sheet accounts can be considered Cash and Cash Equivalents for purposes of the SCF, and the relevant classification criteria. http://www.merlot.org/merlot/viewMaterial.htm?id=484974 This interactive technical note gives students the opportunity to practice their understanding of IAS 36, relevant to the impairment of fixed assets. Students must complete a series of tasks with the objective of finding out which of the company’s assets are impaired. The technical note is based around a fictitious town, that of Accountsville, which the student must explore to successfully complete 5 scenarios. For each scenario, the student must find the carrying amount, the recoverable amount and the impairment value, with the help of short interactive exercises. http://www.merlot.org/merlot/viewMaterial.htm?id=483874 The Processing Integrity Challenge makes use of game theory to help students learn how to determine relevant application controls for accounting systems to ensure processing integrity is achieved. It specifically addresses source data, data entry, processing, and output controls. The playing format is an adaptation of the television game show, Jeopardy, which is a novel way to reinforce concepts and provide immediate feedback to confirm students' knowledge. The Challenge game template can be modified for use in any course. http://www.merlot.org/merlot/viewMaterial.htm?id=89335 This is a series of "lectures" that describe the concept of double entry accounting, the balance sheet and the income statement. Students can read through the lectures, see examples, and take practice quizzes. http://www.merlot.org/merlot/viewMaterial.htm?id=80900 This turorial is a very easy to understand, pictorial description of how packets flow across the Internet. http://www.merlot.org/merlot/viewMaterial.htm?id=232160 CasePlace.org is a free, practical on-line resource for up-to-date case studies, syllabi and innovating teaching materials for business educators.  Materials are searchable by discipline, industry, topic, region, product type, author and publication year.  http://www.merlot.org/merlot/viewMaterial.htm?id=199783 Drills for Accounting Basics consists of 22  topics covered in a typical Introductory Principles of Financial and Principles of Managerial Accounting courses.  Separate drills exist for:  1) Accounting Basics, 2) Accounting Principles, 3) Adjusting Entries, 4) Balance Sheet, 5) Bank Reconciliation, 6) Break-Even Point, 7) Cash Flow Statement, 8) Chart of Accounts, 9) Debits and Credits, 10) Depreciation, 11) Evaluating Business Investments, 12) Financial Ratios, 13) Improving Profits, 14) Income Statement, 15) Inventory and Cost of Goods Sold, 16) Lower of Cost or Market, 17) Overhead and Activity Based Costing, 18) Payroll Accounting, 19) Present Value of an Ordinary Annuity, 20) Present Value of 1, 21) Standard Costing, and 22) Stockholders’ Equity.  All drills are interactive and provide feedback. http://www.merlot.org/merlot/viewMaterial.htm?id=233862 This learning object combines a powerpoint presentation and video presentation of Time Value of Money basics (present value, future value, lump sums, annuities, perpetuity). Run time is approximately 10 minutes. Comments welcome at Andrew.C.Spieler@hofstra.edu