A course originally designed as competency-based courses and as such, they include specific language related to CBE style instruction and they are organized by competency so some terminology changes and course restructuring may be required in order to fit well into a quarterly schedule.
Principles of Accounting II is a course from a competency-based business degree pilot. You must be logged into your institutional Canvas account to access this shell.
Principles of Accounting III is a course from a competency-based business degree pilot. You must be logged into your institutional Canvas account to access this shell.
As it is seen in the video, Declining by Degrees: Higher Education at Risk, it is evident that the majority of students graduating from high school prefer to seek for higher education. In the United States of America, it is obvious that if an individual seeks to secure an average life it is vital for them to get a high level education.
A wiki textbook collaboratively authored in two main sections: financial accounting and managerial accounting.
Financial accounting theory as applied to corporate form of business involving service and merchandising activities will be examined. The course includes analysis and recording of business transactions and preparation of financial statements.
Welcome to Mdumiseni’s video course in the basics of accounting. This course introduces the viewer to the most important principles in accounting. While this course is complicated and requires some understanding of mathematical principles, it is an introductory level course in that no prior background or experience in accounting is required.Best of luck and we welcome your feedback.
Help students grasp accounting basics, the language of business, by playing Cribbingo.
The content will cover basic Accounting and Managerial concepts for Non-Accounting Majors. This textbook approaches Financial and Managerial Accounting from a business perspective. The topics covered are relevant for business owners and entrepreneurs; helping them to understand what information is needed to run a business, make decisions, and grow the business.
Accounting Principles: A Business Perspective uses annual reports of real companies to illustrate many of the accounting concepts in use in business today. Gaining an understanding of accounting terminology and concepts, however, is not enough to ensure your success. You also need to be able to find information on the Internet, analyze various business situations, work effectively as a member of a team, and communicate your ideas clearly. This text was developed to help you develop these skills.
This guide compiles starting points for OER and freely available resources for Accounting courses and topics. This OER subject guide was created for TCC faculty and staff and reflects TCC credit, continuing education, and corrections course offerings. The purpose of this guide is to help faculty and staff more easily find and review OER in their areas so that they can make decisions about quality, accuracy, relevancy, and potential use.
Students learn the basic accounting principles needed to effectively make business decisions as a manager. The course begins with a review of basic math and accounting principles, ensuring students are prepared for the material that follows. Students will learn how to make financial decisions, including decisions around budgeting, financial statements, and cost and profit analysis.
Transactions for a merchandising business related to sales and cash receipts will be discussed and practiced. New vocabulary will be reviewed. Customer service scenarios, videos, and role play will also be addressed to go along with this lesson in accounting.
Materials that make it easy for instructors to integrate data analytics into introductory accounting classes, including cases that are suitable for introductory accounting classes.
For the Principles of Accounting: Volume 2 Managerial Accounting, this video focuses on Chapter 6 (Activity Based Costing) using the Musicality, Inc. problem, exploring the calculations differences between Single Plantwide Overhead rate vs. Activity Based Costing. Covering the cost per unit / gross profit per unit only.
This assignment provides the opportunity for students to:Compare and contrast the nontax operational features of various entity forms including formalities, rights and duties of owners, liabilities, effect of bankruptcy and dissolution.Develop a list of questions to ask a business owner/client in order to perform an analysis and determine the appropriate entity form for the business.Interview a business owner to determine the owner’s specific needs concerning control, rights and duties, liabilities, taxes, formalities, effect of bankruptcy, and dissolution.Evaluate the owner’s answers to the questions concerning specific needs related to control, rights and duties, liabilities, taxes, formalities, effect of bankruptcy, and dissolution.Recommend an appropriate business form based on the business owner’s specific needs.Justify choices in making a recommendation (justification based on readings).Draft appropriate entity paperwork you would file with the Idaho Secretary of State.Communicate effectively by writing documents that are clear, concise, and compelling.
This course covers the fundamental principles of double-entry accounting, use of the general journal and general ledger, simple financial statements, the accounting cycle, control of cash, and an introduction to payroll accounting, purchases and sales.
Course Outcomes:
1. Demonstrate a basic understanding of the double-entry accounting system.
2. Manually complete the entire accounting cycle for a service- based sole proprietorship on the accrual basis.
3. Prepare basic financial statements for a service-based sole proprietorship.
4. Demonstrate an understanding of control of cash processes and bank reconciliations.
5. Calculate basic payroll and payroll tax activity.
6. Prepare simple federal quarterly and annual payroll tax forms.
This course continues Practical Accounting I with more detailed explanations of the accounting cycle. Covers special journals, ledgers, business forms, including vouchers. Emphasizes accounting for partnerships.
Course Outcomes:
1. Complete the entire accounting cycle for a merchandising company.
2. Demonstrate an understanding of accounting for bad debts.
3. Demonstrate an understanding of accounting for notes receivable and notes payable.
4. Compute the cost of fixed and intangible assets and natural resources.
5. Prepare basic depreciation, depletion and amortization calculations.
6. Describe the characteristics of partnerships and basic partnership accounting.
This is the third course in the Practical Accounting series. This course covers entries requiring analysis and interpretation, unearned and accrued items, depreciation of assets, manufacturing accounting and other managerial accounting procedures.
Course Outcomes:
1. Describe the characteristics of a corporation.
2. Demonstrate an understanding of the accounting processes specific to stock, dividends, treasury stock and retained earnings.
3. Prepare the accounting for basic bond transactions.
4. Demonstrate an understanding the cash flows statement preparation process for both the indirect and the direct method.
5. Interpret and analyze financial statements.
6. Explain how to handle transactions in a voucher system.
This course is designed to teach, reinforce and supplement payroll skills in both manual and computerized formats.
Course Outcomes:
1. Compute the income tax withholding from employee wages.
2. Calculate employee's withholding allowances for IRS Form W-4.
3. Determine employer's quarterly estimated payments.
4. Describe how the Federal Insurance Contributions Act (FICA) is applied by employers.
5. Describe the federal deposit system and how the Electronic Federal Tax Payment System is used by employers.
6. Describe the difference between employees and independent contractors.