Lesson 1: A Brief Look Inside the Financial Foundations Module
An overview of what you will be learning in this important module.
Lesson 2: Cash vs. Accrual Accounting
Learn by principles and example the difference and why you will be applying accrual accounting in this course.
Lesson 3: Certifications, Organizations, Ethics, Laws and Internal Controls
The foundations of all the interacting pieces that add professionalism and trust to the accounting profession.
Lesson 4: How the Process Works Repeated and Expanded
More Why. The Principles (big rules) and all of the supporting rules that you will be applying in this course in a concise format.
Lesson 5: The Ten Basic Transactions Expanded: Reverses, Use, Combinations, Triggers
Learn the intuitive approach to some otherwise confusing transactions and you will be really ahead of the game. When you reach them later in this course you will understand them instead of just memorizing them.
Lesson 6: Demystifying Debits Credits and Account Balances
The simple Practical T format is recapped here before you apply it.
Lesson 7: Using the Practical Approach in your Homework Software
Even though the Practical T is the better way, your homework is most likely formatted in the traditional, non-intuitive way. This is your simplified guide to ace your homework as you really learn it.
Lesson 8: Transaction Practice - Self Graded
Apply what you have learned in a practice sheet. Smiley faces mean that it is correct. The keys are on the next two sheets.
Extra Copy of Transaction Guide, 16 Key Terms, 20 Account Definitions
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Dr. Jeff Hillard, CMA, CPA is a Professor of Accounting at Montgomery College in Rockville, Md. His academic career spans 18 years dedicated to innovative approaches in the classroom. He holds a Doctor of Management from UMGC. John Wiley, M. Ed is the Manager of the Business, Accounting and Technology Lab at Baltimore City Community College, where the collaboration on Practical Accounting began.
