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 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.
Financial Statements: What Are They? What Do They Mean?
Learners read about the most common forms of financial statements including balance sheets, cash flow statements, and profit and loss statements. A brief quiz completes the activity.
Buying a Car: What It Really Costs with Finance Charges (Screencast)
In this learning activity you'll calculate the difference in the total cost of a new car when using cash and when paying for the car with a 60-month loan.
The Mathematics of Buying: Putting It All Together
Learners tackle this interactive learning object after studying the mathematics of buying. This activity ties together the ideas of net cost, list price, trade discounts, cash discounts, net cost equivalent, and single discount equivalent, as well as the concepts of part, base, and rate.