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Learners reinforce the matching concept in accrual basis accounting through a drag-and-drop exercise.
The Accounting Profession
By Lynette Teal
Learners read about the various organizations that assist accountants and set standards and procedures.
Learners examine the main characteristics of the four financial statements required in accounting: the income statement, the owner's equity statement, the balance sheet, and the statement of cash flow.
The Accounting Definition
Learners examine the accounting process of recording, classifying, summarizing, interpreting, and communicating.
Users of Accounting Information
Learners read about the internal and external users of financial information and the kinds of information most often requested.
Calculating Monthly Expenses
By Michele Williams
In this learning activity you'll establish your budget by determining your earnings, expenses, and goals.
The Debits and Credits of Accounting
Learners read an explanation of the debits and credits of accounting as they relate to T accounts and the accounting equation. Illustrated examples are provided.
The Accounting Cycle
Learners examine the 10 steps of the accounting cycle. The cycle begins with the analysis of source documents and ends with the post-closing trial balance and interpreting the financial information.
Career Prep Vocabulary
A 10-question game on 10 different career-related vocabulary words.
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Give your new group a name.