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Peer Review

Sales and Purchase Transactions

by Susan Moncada


Overall Numeric Rating:

4.5 stars
Content Quality: 4.75 stars
Effectiveness: 4.75 stars
Ease of Use: 4 stars
Reviewed: Mar 21, 2011 by Business Editorial Board
Overview: This problem-based learning activity helps students practice the recording of business-to-business sales and purchases transactions using the gross method in a perpetual inventory system.
Type of Material: Drill and practice/assignment.
Recommended Uses: In class or homework assignment, by individual or team.
Technical Requirements: Browser, Microsoft Word 2007
Identify Major Learning Goals: To better understand sales and purchases transactions using the gross method and a perpetual inventory system.
Target Student Population: High School, College Undergraduate
Prerequisite Knowledge or Skills: Basic accounting analysis and ability to prepare journal entries properly using the rule of debit and credit.

Evaluation and Observation

Content Quality

Rating: 4.75 stars
Strengths: The module is clear and concise. It does an effective job of summarizing a basic concept in recording Merchandise Inventory transactions, i.e., Sales and Purchases.
Concerns: Covers material readily available in any introductory financial accounting textbook.

Potential Effectiveness as a Teaching Tool

Rating: 4.75 stars
Strengths: Identifies learning objectives, is efficient and self-contained. Can easily be assigned as a stand-alone problem for practice in applying the concepts addressed in this module.
Concerns: Similar to exercises that can be found in the Inventory chapter of an Introductory Financial Accounting Textbook.

Ease of Use for Both Students and Faculty

Rating: 4 stars
Strengths: Is easy to use and can easily be assigned for in-class work or as a graded assignment.
Concerns: Is not engaging or particularly visually appealing.