Test 1 Review Notes in the Virtual Learning Environment (VLE) Balance Sheet and Transactions (Unit 2) TABLE of CONTENTS Activity 1: The Balance Sheet Content i) Assets, Liabilities and Owner's Equity Accounts ii) The Balance Sheet iii) Generally Accepted Accounting Principles (GAAPs) related to Financial Statements a) The Business Entity Concept b) The Continuing Concern Concept c) The Principle of Conservatism DEMONSTRATION: Learn How to Prepare a Balance Sheet Adobe Flash Player is blocked because it is out of date. iv) Assignment #1: Types of Accounts v) Assignment #2: Simple Balance Sheet template The page you are looking for cannot be found. Activity 2: Business Transactions Content i) Business Transactions ii) Practice Questions with Answers iii) Source Documents GAAP: Objectivity Principle iv) 8 Examples DEMONSTRATION: Business Transaction Tutorial v) Assignment #1: Assessing Business Transactions Adobe Flash Player is blocked because it is out of date. U2A2_assignment_template.rtf does not automatically open Activity 3: Spreadsheets and Accounting The Use of Spreadsheets in Accounting 1. Border Basics in Microsoft Excel (6 slides) Long version does not open .rtf 2. How to use “Functions” in Microsoft Excel (6 slides) Long version does not open .rtf ASSIGNMENT: Using Excel to Format a Balance Sheet Does not open Activity 4: Transaction Analysis Sheet POWERPOINT (18 slides) The Transaction Analysis Sheet Transaction Analysis Sheet Long version does not open automatically .rtf 1 Test 1 Review Notes in the Virtual Learning Environment (VLE) Activity 5: Ledger, Trial Balance and T-Accounts Content: i) The Ledger ii) Debits and Credits iii) Recording Opening Balances in the T-accounts Ledger POWERPOINT Working with T-Accounts (Part 1) 6 slides Working with T-Accounts (Part 1) long description U2A5content_t_accountpt1_long_description.rtf does not open automatically INTERACTIVE Test Your Understanding of T-Accounts iv) Recording Business Transactions v) Balancing the T-Accounts vi) Trial Balance POWERPOINT Working with T-Accounts ~ The General Ledger T-accounts (Part 2) 19 slides U2A5content_t_account-pt2_long_description.rtf does not open automatically ASSIGNMENT: T-accounts, Trial Balance, Balance Sheet Does not open 2
