These are materials that can be used for the beginning Accounting class. Most of these are tutorials that students can use themselves.
Can be used for Accounting 101, Introduction to Accounting
In a Principles of Accounting class, students will learn to:
1. Identify and apply Generally Accepted Accounting Principles (GAAP).
2. Apply the steps of the accounting cycle.
3. Post and analyze transactions using ledgers and journals.
4. Demonstrate how to record adjusting entries for prepaid expenses and unearned revenue.
5. Demonstrate understanding by completing an adjusted trial balance.
6. Perform a bank reconciliation.
7. Explain the purpose of the sales journal and the Accounts Receivable ledger and post entries to both.
8. Record the costs associated with the acquisition of property, plant, and equipment.
9. Explain the purpose of and prepare entries for the purchase order journal and accounts payable (A/P) ledger.
10. Identify the fundamental principles of an accounting information system.
Takin Care of Business is a video from the 2004 film library of the AICPA. Designed for a career day, the video introduces students to the accounting profession using the theme "imagine the possibilities". The careers of different individuals are profiled (non-profit consultant, entrepreneur, FBI agent, film cost accountant, and sports team controllers). The video is available in both high and low bandwidth. It is a great introduction for a Principles course.
ALCIE is an acronym devised to help introductory accounting students learn the normal account balances for the basic account categories that comprise the balance sheet (Assets, Liabilities, Capital) and income statement (Income,
Expenses). The focus of the module is on sole proprietorships or partnerships.
ALCIE could be used as an in class demonstration, for individual homework as an out-of-class review, or a component of an online course to teach a basic concept.
Drills for Accounting Basics consists of 22 topics covered in 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) the Balance Sheet, 5) the Bank Reconciliation, 6) the Break-Even Point, 7) the Cash Flow Statement, 8) the Chart of Accounts, 9) Debits and Credits, 10) Depreciation, 11) Evaluating Business Investments, 12) Financial Ratios, 13) Improving Profits, 14) the Income Statement, 15) Inventory and Costs 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 One, 21) Standard Costing, and 22) Stockholders' Equity. All drills are interactive and provide feedback.
This module uses the classic game, Monopoly, as a basis for teaching basic bookkeeping and accounting. Students perform bookkeeping functions such as writing checks, completing deposit slips, recording transactions, and posting operations for a sole proprietorship. Contents include: game rules, teacher instructions, and forms and worksheets to implement
After completing the game students should have an understanding
for how business transactions give rise to document processing and how those
same transactions lead to worksheets and basic financial statements. Students should be able to organize a set of books, record journal entries, post to the general ledger and prepare a simple set of financial statements.
The topic of time value of money, especially present value, can be conceptually difficult to grasp. An uncomplicated, short presentation like this one would be valuable to students. It is very carefully planned and designed to present the most fundamental elements effectively. The entire presentation is easy to follow and understand. Ten minutes seems to be a perfect length. Examples are cear and use small numbers so that the calculations are easy to do. As a result students are not distracted by complex number crunching and can focus on the concepts being taught.
The Accounting Equation is an interactive tutorial designed for British students enrolled in introductory principles of accounting courses. A scenario is presented that has owner, Jim Sayers, starting a business he calls Crossroads Bicycles. He engages in several transactions that affect only the balance sheet as he gets ready to provide goods and services to his customers. The tutorial includes 4 exercises and a final summary based on Jim's business activities. Within each exercise the user responds to a variety of questions in order to self-test ones understanding of the accounting equation, duality concept, and effects of transactions on the balance sheet.
Analyzing Business Transactions (Chapter 2) consists of a series of 10 You Tube videos. Topics covered are: 1) Resources, events and agents, 2) Accounting cycle, 3) Assets and SHE Dr & Cr, 4) Liabilities Dr & Cr, 5) Revenues Dr & Cr, 6) Expenses Dr & Cr, 7) Journal entries 1, 8) Journal entries 2, 9) Asset anatomy, and 10) Account anatomy. Each video is approximately 5 minutes in length. These videos have been developed to correspond with Chapter 2 of the 9th edition of the Financial Accounting textbook by Needles & Powers.
Guide to Financial Statements explains the three major financial statements: income statement, balance sheet and cash flow statement. It also includes interactive activities, summaries, quizzes, glossary, related links, and printable study guide.
Learning Goals: As a result of using this module students should be able to:
Understand and be able to explain the structure of each financial statement.
Describe the underlying equations for each financial statement and the relationsihps among them.
Explain why the statements are important and how they can be used for decision making.
Identify sources of actual annual reports.
Consider ethical issues relating to financial statements.