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Learners reinforce the matching concept in accrual basis accounting through a drag-and-drop exercise.
Accounts and Financial Statements
By Julie Dilling
Learners read about the purposes of balance sheets and income statements and then place accounts into these two financial statement categories in a drag-and-drop exercise.
A Summary of the Closing Process
By Lynette Teal
In this accounting learning object, students follow the steps involved in the closing process. Temporary accounts contain ending balances for a specified period and must be closed.
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.
Monthly Expenses Worksheet
By Kristin Biekkola
Students are provided with a Monthly Expenses Worksheet to help them understand the basics of budgeting, income, and spending.
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.
Users of Accounting Information
Learners read about the internal and external users of financial information and the kinds of information most often requested.
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.
The Accounting Profession
Learners read about the various organizations that assist accountants and set standards and procedures.
Career Prep Vocabulary
A 10-question game on 10 different career-related vocabulary words.
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Give your new group a name.