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 read about the different kinds of positions available in the accounting field at private corporations, government agencies, and not-for-profit organizations.

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

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.

Arrange the correct sequence of the accounting cycle.

Understand and choose correct option

Practice Debits and Credits

Extra credit!