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.
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 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.
In this learning activity you'll review the basics of budgeting, income, and spending. Using an on-line form, you can create your own monthly budgets and a pie chart of your spending habits.
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.
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 read an explanation of the debits and credits of accounting as they relate to T accounts and the accounting equation. Illustrated examples are provided.
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.