Basic Recording Process

Study Guide

Section 1

 
Block Downloads (PDF format)

 
Module 1 - Accounting Environment and Organizations  
Required Reading Material 
Read and Study "Stock Prices", Partially adapted from The Wall Street Journal                 Educational Edition
Read and Study "Foreign Currency; Watching Exchange Rates, Adapted from The Wall
     Street Journal Educational Edition (download above)
Read and Study - The Accounting Profession (download above)
Read and Study - The Development of Accounting Standards (download above)
Read and Study - Some Disclosures Required by the Securities and Exchange 
     Commission (download above)
Internet Sites 

Optional Reading Material

Hatfield, Henry Rand, "An Historical Defense of Bookkeeping," The Journal of
     Accountancy, Vol. 37 (April 1924) pp. 241-253

Optional Internet Sites 

Self Study Material

Answer the Self Study Fill in the Blank Questions for Section 1, Module 1
Answer the Self Study Multiple Choice Questions for Section 1, Module 1
Answer the Self Study Essay Questions for Section 1, Module 1

Homework Problems

Complete Homework Problems 1-1 to 1-4

Module 2 - Introduction to Basic Recording 

Required Reading Material 
Read and Study - Account Titles 
Note: Several basic underlying accounting assumptions, accounting principles, or modifying conventions will be discussed in detail at various future times during the course.  You will not be held responsible for a detailed knowledge of these assumptions, principles, or modifying conventions until they have been discussed in class.  At this point in the course you will only be held responsible for the entity assumption, unit-of-measure assumption, and the revenue principle.
Self Study Material 
Answer the Self Study Fill in the Blank Questions for Section 1, Module 2
Answer the Self Study Multiple Choice Questions for Section 1, Module 2
Answer the Self Study Essay Questions for Section 1, Module 2
Complete Self Study Exercise 1-1
 

 

Module 3 - Debit and Credit Process 

Self Study Material 
Answer the Self Study Fill in the Blank Questions for Section 1, Module 3
Complete Self Study Exercises 1-2 and 1-3

 

Module 4 - Journalizing and Posting

Self Study Material 
Answer the Self Study Fill in the Blank Questions for Section 1, Module 4
Answer the Self Study Multiple Choice Questions for Section 1, Module 4
Answer the Self Study Essay Questions for Section 1, Module 4
Complete Self Study Problems 1-1 to 1-5
Homework Problems 
Complete Homework Problems 1-5 and 1-6

 

Module 5 - Basic Inventory Accounting, Trade and Cash Discounts,
     Freight Charges, and Returns and Allowances

Required Reading Material 
Read and Study - Accounting for Product Handling Business (download above)
Self Study Material 
Answer the Self Study Fill in the Blank Questions for Section 1, Module 5
Answer the Self Study Multiple Choice Questions for Section 1, Module 5

 

Module 6 - Special Journals and Subsidiary Ledgers

Self Study Material 
Answer the Self Study Fill in the Blank Questions for Section 1, Module 6

 


 Revised:  01/04/09