Learners read the definitions of working capital, current ratio, quick ratio, return on equity, accounts receivable turnover, and inventory turnover.

Learners reinforce the matching concept in accrual basis accounting through a drag-and-drop exercise.

Learners examine the accounting equation and classify accounts into the appropriate categories in drag-and-drop exercises.

Learners examine the accounting process of recording, classifying, summarizing, interpreting, and communicating.

In this interactive object, learners read a brief summary of the principles of cash basis accounting and then check their knowledge of transactions in a drag-and-drop exercise.

Learners reinforce the matching concept in accrual basis accounting through a drag-and-drop exercise.

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.

Learners examine the accounting equation and classify accounts into the appropriate categories in drag-and-drop exercises.

In this interactive object, learners consider the importance of demonstrating a positive attitude. They reflect on their own experiences and challenge themselves to let go of preconceived notions.

Semester 1 review

Adjusting and Closing Entries

Spin to win and solve the puzzle about partnership accounting. Good luck! Visit stuvia.com/user/chione for accounting notes.

WOLF Behaviors