By Jill Larson
You need to be logged in to use this feature.
Log In or Register
Learners examine the 10 steps of the accounting cycle. The cycle begins with the analysis of source documents and ends with the post-closing trial balance and interpreting the financial information.
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 a short explanation of T-accounts. They then demonstrate their knowledge of the characteristics of various accounts in a drag-and-drop exercise.