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

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

Learners examine the accounting equation and view examples of how account items and figures are included in each part of the equation.

In this learning activity you'll identify the various parts of a bar graph, read and interpret its data, and calculate the data to solve various application problems.

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 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.

revision

Matching

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

Complete this game to test your knowledge of chapter 1.