This courseware offers an introductory look into financial accounting. Each topic is broken up into units with an exercise at the end of each unit. Topics range from accounting principles to investments & stocks. This courseware includes resources copyrighted and openly licensed by multiple individuals and organizations.
Type of Material:
Open (Access) Textbook (500 pages)
Recommended Uses:
Educational resource to be incorporated into classroom use in the form of in-class presentation/open discussion and homework assignments in the area of Financial Accounting.
Technical Requirements:
Internet browser – no need to download any software or plug-in. Also available in PDF download.
Identify Major Learning Goals:
Gain knowledge and proficiency in financial accounting in the following topics
What is Accounting?
Accounting Principles and Practices
The Accounting Cycle
Accounting and Financial Reporting for a Merchandising Enterprise
Inventory Valuation Methods
Accounting Information Systems
Cash, Receivables, Plant Assets and Intangible Assets Current Liabilities and Payroll
Forms of Business Organizations
Stockholders’ Equity, Earnings and Dividends
Long-Term Liabilities and investment in bonds and stocks
Statement of Cash Flows
Financial Statement Analysis
Sole proprietor and partnerships
Target Student Population:
College Lower Division
Prerequisite Knowledge or Skills:
No prerequisite knowledge required
Content Quality
Rating:
Strengths:
Excellent comprehensive coverage of introductory financial accounting topics. Material is clear and concise, self-contained – does not require any other resources. The topics are broken down into units so that it is flexible to use. The concepts are summarized and well-integrated. There are links out to other learning material i.e. YouTube videos which provides good visual presentation of concepts and facilitates learning. ‘Check Your Understanding’ exercises help to reinforce learning.
Potential Effectiveness as a Teaching Tool
Rating:
Strengths:
Each unit starts out with the learning objectives clearly identified. The concepts are covered progressively and build from prior concepts. The relationships between concepts are well covered. It would be appropriate to use this etext as the main source of material for an introductory financial accounting course. The coverage of topics is presented efficiently, in a very orderly fashion and a student is able to learn a lot in a reasonable time when compared to paper textbooks. As learning objectives are identified for each unit, a measure of student learning can be assessed by administering assignments, quizzes, exams.
Ease of Use for Both Students and Faculty
Rating:
Strengths:
Easy to read content on line, there is a pdf version which can be downloaded for offline reading. The interactive components are available for online learning. The links to YouTube, exercises and quizzes provide students with an engaging and interactive experience. The design of the material is high quality and students would benefit from using this material. There are instructor resources available for this eText.
Creative Commons:
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