Course Modules

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Landing Page Landing Page

Context Module Sub Header

Welcome 1

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Page

Welcome to Our Class! Welcome to Our Class! 2

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Chapter 1 Role of Accounting in Society

Chapter 1 Role of Accounting in Society Chapter 1 Role of Accounting in Society

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Why It Matters Why It Matters 1

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1.1 Explain the Importance of Accounting and Distinguish between Financial and Managerial Accounting 1.1 Explain the Importance of Accounting and Distinguish between Financial and Managerial Accounting 2

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1.2 Identify Users of Accounting Information and How They Apply Information 1.2 Identify Users of Accounting Information and How They Apply Information 3

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1.3 Describe Typical Accounting Activities and the Role Accountants Play in Identifying, Recording, and Reporting Financial Activities 1.3 Describe Typical Accounting Activities and the Role Accountants Play in Identifying, Recording, and Reporting Financial Activities 4

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1.4 Explain Why Accounting Is Important to Business Stakeholders 1.4 Explain Why Accounting Is Important to Business Stakeholders 5

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1.5 Describe the Varied Career Paths Open to Individuals with an Accounting Education 1.5 Describe the Varied Career Paths Open to Individuals with an Accounting Education 6

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Key Terms Key Terms 7

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Summary Summary 8

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Multiple Choice Multiple Choice 9

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Questions Questions 10

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Assignment

Assignment #.5 What Prof. Betts should know about me! Assignment #.5 What Prof. Betts should know about me! 5 11

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Assignment

Homework Assignment Chapter 1 Homework Assignment Chapter 1 5 12

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Chapter 2 Introduction to Financial Statements

Chapter 2 Introduction to Financial Statements Chapter 2 Introduction to Financial Statements

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Why It Matters Why It Matters 1

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2.1 Describe the Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows, and How They Interrelate 2.1 Describe the Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows, and How They Interrelate 2

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2.2 Define, Explain, and Provide Examples of Current and Noncurrent Assets, Current and Noncurrent Liabilities, Equity, Revenues, and Expenses 2.2 Define, Explain, and Provide Examples of Current and Noncurrent Assets, Current and Noncurrent Liabilities, Equity, Revenues, and Expenses 3

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2.3 Prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet 2.3 Prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet 4

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Key Terms Key Terms 5

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Summary Summary 6

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Multiple Choice Multiple Choice 7

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Questions Questions 8

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Exercise Set A Exercise Set A 9

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Exercise Set B Exercise Set B 10

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Problem Set A Problem Set A 11

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Problem Set B Problem Set B 12

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Thought Provokers Thought Provokers 13

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Assignment

Homework Assignment Chapter 2 Homework Assignment Chapter 2 5 14

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Assignment

Quiz #1 Grade Quiz #1 Grade 15 15

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Chapter 3 Analyzing & Recording Transactions

Chapter 3 Analyzing & Recording Transactions Chapter 3 Analyzing & Recording Transactions

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Why It Matters Why It Matters 1

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3.1 Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements 3.1 Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements 2

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3.2 Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions 3.2 Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions 3

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3.3 Define and Describe the Initial Steps in the Accounting Cycle 3.3 Define and Describe the Initial Steps in the Accounting Cycle 4

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3.4 Analyze Business Transactions Using the Accounting Equation and Show the Impact of Business Transactions on Financial Statements 3.4 Analyze Business Transactions Using the Accounting Equation and Show the Impact of Business Transactions on Financial Statements 5

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3.5 Use Journal Entries to Record Transactions and Post to T-Accounts 3.5 Use Journal Entries to Record Transactions and Post to T-Accounts 6

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3.6 Prepare a Trial Balance 3.6 Prepare a Trial Balance 7

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Key Terms Key Terms 8

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Summary Summary 9

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Multiple Choice Multiple Choice 10

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Questions Questions 11

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Exercise Set A Exercise Set A 12

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Exercise Set B Exercise Set B 13

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Problem Set A Problem Set A 14

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Problem Set B Problem Set B 15

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Thought Provokers Thought Provokers 16

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Assignment

Homework Assignment Chapter 3 Homework Assignment Chapter 3 5 17

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Chapter 4 The Adjustment Process

Chapter 4 The Adjustment Process Chapter 4 The Adjustment Process

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Why It Matters Why It Matters 1

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4.1 Explain the Concepts and Guidelines Affecting Adjusting Entries 4.1 Explain the Concepts and Guidelines Affecting Adjusting Entries 2

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4.2 Discuss the Adjustment Process and Illustrate Common Types of Adjusting Entries 4.2 Discuss the Adjustment Process and Illustrate Common Types of Adjusting Entries 3

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4.2 Discuss the Adjustment Process and Illustrate Common Types of Adjusting Entries 4.2 Discuss the Adjustment Process and Illustrate Common Types of Adjusting Entries 4

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4.3 Record and Post the Common Types of Adjusting Entries 4.3 Record and Post the Common Types of Adjusting Entries 5

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4.4 Use the Ledger Balances to Prepare an Adjusted Trial Balance 4.4 Use the Ledger Balances to Prepare an Adjusted Trial Balance 6

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4.5 Prepare Financial Statements Using the Adjusted Trial Balance 4.5 Prepare Financial Statements Using the Adjusted Trial Balance 7

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Key Terms Key Terms 8

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Summary Summary 9

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Multiple Choice Multiple Choice 10

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Questions Questions 11

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Exercise Set A Exercise Set A 12

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Exercise Set B Exercise Set B 13

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Problem Set A Problem Set A 14

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Problem Set B Problem Set B 15

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Thought Provokers Thought Provokers 16

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Assignment

Homework Assignment Chapter 4 Homework Assignment Chapter 4 5 17

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Assignment

Quiz #2 grade Quiz #2 grade 15 18

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Chapter 5 Completing the Accounting Cycle

Chapter 5 Completing the Accounting Cycle Chapter 5 Completing the Accounting Cycle

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Why It Matters Why It Matters 1

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5.1 Describe and Prepare Closing Entries for a Business 5.1 Describe and Prepare Closing Entries for a Business 2

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5.2 Prepare a Post-Closing Trial Balance 5.2 Prepare a Post-Closing Trial Balance 3

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5.3 Apply the Results from the Adjusted Trial Balance to Compute Current Ratio and Working Capital Balance, and Explain How These Measures Represent Liquidity 5.3 Apply the Results from the Adjusted Trial Balance to Compute Current Ratio and Working Capital Balance, and Explain How These Measures Represent Liquidity 4

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5.4 Appendix: Complete a Comprehensive Accounting Cycle for a Business 5.4 Appendix: Complete a Comprehensive Accounting Cycle for a Business 5

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Key Terms Key Terms 6

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Summary Summary 7

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Multiple Choice Multiple Choice 8

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Questions Questions 9

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Exercise Set A Exercise Set A 10

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Exercise Set B Exercise Set B 11

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Problem Set A Problem Set A 12

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Problem Set B Problem Set B 13

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Thought Provokers Thought Provokers 14

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Assignment

Homework Assignment Chapter 5 Homework Assignment Chapter 5 5 15

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Chapter 6 Merchandising Transactions

Chapter 6 Merchandising Transactions Chapter 6 Merchandising Transactions

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Why It Matters Why It Matters 1

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6.1 Compare and Contrast Merchandising versus Service Activities and Transactions 6.1 Compare and Contrast Merchandising versus Service Activities and Transactions 2

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6.2 Compare and Contrast Perpetual versus Periodic Inventory Systems 6.2 Compare and Contrast Perpetual versus Periodic Inventory Systems 3

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6.3 Analyze and Record Transactions for Merchandise Purchases Using the Perpetual Inventory System 6.3 Analyze and Record Transactions for Merchandise Purchases Using the Perpetual Inventory System 4

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6.4 Analyze and Record Transactions for the Sale of Merchandise Using the Perpetual Inventory System 6.4 Analyze and Record Transactions for the Sale of Merchandise Using the Perpetual Inventory System 5

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6.5 Discuss and Record Transactions Applying the Two Commonly Used Freight-In Methods 6.5 Discuss and Record Transactions Applying the Two Commonly Used Freight-In Methods 6

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6.6 Describe and Prepare Multi-Step and Simple Income Statements for Merchandising Companies 6.6 Describe and Prepare Multi-Step and Simple Income Statements for Merchandising Companies 7

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6.7 Appendix: Analyze and Record Transactions for Merchandise Purchases and Sales Using the Periodic Inventory System 6.7 Appendix: Analyze and Record Transactions for Merchandise Purchases and Sales Using the Periodic Inventory System 8

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Key Terms Key Terms 9

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Summary Summary 10

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Multiple Choice Multiple Choice 11

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Questions Questions 12

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Exercise Set A Exercise Set A 13

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Exercise Set B Exercise Set B 14

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Problem Set A Problem Set A 15

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Problem Set B Problem Set B 16

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Thought Provokers Thought Provokers 17

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Assignment

Homework Assignment Chapter 6 Homework Assignment Chapter 6 5 18

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Assignment

Quiz #3 Quiz #3 15 19

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Assignment

Final Exam Final Exam 20 20

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Score at least Must score at least to complete this module item Scored at least Module item has been completed by scoring at least View Must view in order to complete this module item Viewed Module item has been viewed and is complete Mark done Must mark this module item done in order to complete Marked done Module item marked as done and is complete Contribute Must contribute to this module item to complete it Contributed Contributed to this module item and is complete Submit Must submit this module item to complete it Submitted Module item submitted and is complete