Post a composite review
Unpost a composite review
Search all MERLOT
Select to go to your profile
Select to go to your workspace
Select to go to your Dashboard Report
Select to go to your Content Builder
Select to log out
Search Terms
Enter username
Enter password
Please give at least one keyword of at least three characters for the search to work with. The more keywords you give, the better the search will work for you.
Select OK to launch help window
Cancel help


Advanced Search


Peer Review

Introduction to Financial Accounting

by Maite Seco


Overall Numeric Rating:

4.75 stars
Content Quality: 5 stars
Effectiveness: 4.75 stars
Ease of Use: 4.75 stars
Reviewed: Feb 20, 2010 by Business Editorial Board
Overview: Introduction to Financial Accounting is made available by Instituto de Empresa. The module consists of a series of audio clips, video clips, animations and charts. Sections covered: 1) Accounting – An Introduction, 2) The Financial Statements, 3) The Accounting Process, 4) Inventory, and 5) Practical Example.
Type of Material: Tutorial
Recommended Uses: In class, homework, lecture.
Technical Requirements: HTML Browser
Identify Major Learning Goals:
  • To introduce basic financial accounting concepts and terminology.
  • To work through practice example to produce company financial statements.
  • Target Student Population: Suitable for high school, first year college intro level accounting, general public
    Prerequisite Knowledge or Skills: No prerequisite knowledge required.

    Evaluation and Observation

    Content Quality

    Rating: 5 stars
    Strengths: Excellent use of a variety of media to present the content clearly and concisely. Coverage of content is adequate and self-contained to provide the learner with the basics of financial accounting. Concepts are integrated very well with the inclusion of a practice set that goes through different preparation stages to produce a company’s financial statements.
    Concerns: None

    Potential Effectiveness as a Teaching Tool

    Rating: 4.75 stars
    Strengths: Excellent demonstration of relationships among financial statements. This is achieved with a visual presentation using roll over shaded areas to see links among financial statements (I/S, B/S, R/E and Statement of Cash Flows). Practical examples provide a way for the learner to complete exercises and check answers to ensure understanding of content.
    Concerns: The introduction video provides a brief overview of what will be covered, but no explicit learning objectives are identified.

    Ease of Use for Both Students and Faculty

    Rating: 4.75 stars
    Strengths: This module is easy to use, engaging, and interactive. It includes a variety of media (audio clips, video clips, animations and charts, and text) to facilitate learning. The practical exercises give learners an opportunity to assess their own understanding and receive feedback. The printable pdf document is an added bonus for those who want a print version.
    Concerns: Using this module is fairly intuitive, though initially it takes a moment to figure out the structure of the tutorial. The main sections run along the top of the page. The pages within each section are in tabs underneath the main sections. Explicit instructions would take the guess work out of navigating through the pages. The front page contains the introductory video presentation, but it is not clearly identified so learners may miss it.

    Creative Commons:
    Creative Commons License
    This work is licensed under a Attribution-NonCommercial-NoDerivs 3.0 United States