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.

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.

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

Learners read about the internal and external users of financial information and the kinds of information most often requested.

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

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 follow six steps for analyzing a process in a manufacturing setting. This activity includes a drag-and-drop exercise and textboxes where learners post their ideas.

The learner reviews steps in analyzing a process and applies them to a situation in his/her own work or personal life.

Put the main activities in order for Review Process

Income Tax Return Matching Challenge! Let’s Play! (50 points)

Pension Forms Of Payment Review

Adjusting and Closing Entries