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 Ratings
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| Reviewed: |
Apr 05, 2009 by Business Editorial Board |
| Overview: |
This playlist consists of 6 You-Tube videos that coincide with the 9th edition of the Needles and Powers Financial Accounting text for a principles of financial accounting course. The titles and duration of each video are: 1) Retail Accounts (5:05), 2) Sales Periodic & Perpetual (6:05), 3) Purchases Periodic (4:51), 4) Purchases Perpetual (3:27), 5) Income Statement Perpetual (5:04), and 6) Income Statement Periodic (5:05). |
| Learning Goals: |
To gain an understanding of accounting for a merchandising concern as well as to review methods for determining: sales, cost of goods sold, and net income using either the periodic or perpetual methods. |
| Target Student Population: |
High school, two-year community college, or undergraduate students completing a principles of financial course, |
| Prerequisite Knowledge or Skills: |
Basic understanding of the rules of debits and credits. |
| Type of Material: |
Lecture/Presentation/tutorial |
| Recommended Uses: |
Individual review, or preparation for in-class course. Coverage of concepts for on-line course |
| Technical Requirements: |
Video player |
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| Strengths: |
Clarify and conciseness - excellent.
Complete demonstration of the concept - very, very good.
Demonstrates fundamental concepts of the discipline - excellent.
Accuracy - excellent
Integration and summarization of concepts - excellent
Approach for visual learners - excellent
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| Concerns: |
Relevancy may be limited to U.S. users. In Canada, for example, another important element that would need to be incorporated into this learning object is the recording of goods and services tax (a consumption tax) on both the purchase and the sale of merchandise.
Some explanations could be a little more thorough. |
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Potential Effectiveness as a Teaching Tool |
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| Strengths: |
Each video represents a single learning objective with coverage of concepts illustrated by using examples.
The brevity of each video capitalizes on maximizing the short attention spans of typical learners.
The presenter reinforces concepts progressively, building on prior concepts and demonstrating relationships among them.
The presenter also uses rhetorical questioning effectively since live interaction is not possible.
Instructors, particularly those who use course management systems, could easily incorporate a self-assessment activity as either a culminating event or to coincide with each video. |
| Concerns: |
Issues that should have been included in the discussion: - Why contra sales accounts for discounts and returns are being used.
- Why no contra accounts are used with the perpetual method in the sale of merchandise.
- Why freight-in is included in the computation of cost of goods sold.
- Why a company would choose either the periodic or the perpetual method.
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Ease of Use for Both Students and Faculty |
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| Strengths: |
The videos are easy to use. They can be paused, rewound, replayed, or fast-forwarded to any point. The presenter projects a happy, energetic, and enthusiastic demeanor reflected by excellent vocal inflections and facial expressions. The white flip chart draws the viewers attention to the illustrations provided.
Motivated student users should find the videos engaging. |
| Concerns: |
The background is quite dark making it difficult to see the presenter's face.
A distracting advertisement appears inside the video frame on some of the segments (fortunately it does not cover any content).
Sound quality could be improved. Static is heard when words contain s, c, x, t, etc.
When the videos are enlarged to full screen they become blurry. |
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| Other Issues and Comments: |
Notes for uses of alternative textbooks:
Recommend instructors review suitability before using. Sequencing of topics may not quite coincide with other textbooks.
Freight terms FOB shipping point and FOB destination are introduced in video #3.
The videos take a transactional focus culminating with the income statement presentation for each method. |
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