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 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 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.

With this highly entertaining four-minute animation, learners can visualize the basics of accounting.

In this accounting learning object, students follow the steps involved in the closing process. Temporary accounts contain ending balances for a specified period and must be closed.

Learners listen to an explanation of balance sheet basics for farm operations. They then determine how purchases should be listed in a farm record book and complete sample income and expense sheets.

Students are provided with a Monthly Expenses Worksheet to help them understand the basics of budgeting, income, and spending.

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.