Everything Academic | Online Accounting Module

Instructor: Dr. Janice Cobb
Email: j.cobb3@tcu.edu  

 

LEARNING OBJECTIVES

Financial statements are a key source of information about the economic activities of a firm.  An understanding of financial accounting is essential for anyone who will use financial information for decision-making.  The summer online accounting module will provide you with foundational knowledge about the information provided on financial statements; the first half of a full semester financial accounting course.  The half-semester MBA financial accounting course (ACCT 60010) presents the material typically learned in the second half of a full semester financial accounting course.  The summer online accounting module will prepare you for ACCT 60010.

Students who complete the summer online accounting module will have the following knowledge and skills necessary for success in ACCT 60010:

  1. An understanding of the language of business (accounting),
  2. An understanding of the information provided on the four financial statements,
  3. The ability to understand, explain and record basic business transactions.

 

REQUIRED MATERIALS    

Financial Accounting is Not That Hard. Cobb, J. Copley Publishing.

ISBN 978-58152-965-4   (Purchase on Amazon.com)

www.studymyaccounting.com  Subscribe to the “Introduction to Accounting”(Maroon tab far left: Register and Pay online)

“TCU Online” Access:  Contact Olivia Williams in the MBA program office if you need assistance at:  o.williams@tcu.edu

 

REQUIRED TEST OVER PRE-REQUISITES KNOWLEDGE

ALL students must FIRST complete the “pre-requisites test” on TCU Online

The pre-requisites test consists of 50 multiple-choice questions. You will have access to 10 questions at a time.  Once you have completed the 10 questions and moved to the next section you will not be able to go back to previous pages. Answer all 10 questions before moving to the next section. You will have one hour to complete the test.

  • Students who do not score greater than 80% need to complete the entire summer course. 
  • A score of 80% or better may indicate the need to only review a few topics.

To access the pre-requisites test:  Login to TCU Online, click on “MBA Summer Accounting Module”, click on “Content”, click on “Pre-requisites test”, click on the test, and follow the instructions.

 

ACHIEVING THE LEARNING OBJECTIVES OF THE COURSE

  1. Purchase the required learning materials stated above
  2. Login to TCU Online; Click on the MBA Summer Accounting Module
  3. Click on “content”;  Click on Week 1 and begin
  4. Read the related chapter(s) in Financial Accounting is Not that Hard.
  5. Watch the YouTube videos (web address provided)
  6. Complete and study the homework on www.studymyaccounting.com for the topic
    Homework should be hand written and is NOT submitted online.
    You have access to fully explained answers to all homework questions online (bottom of web page)
  7. Take and submit the quiz for each topic after you have completed the learning process.
  8. Repeat this process for each week as you move through the course according to your schedule.

Students must complete the accounting module before beginning ACCT 60010 (or the Start Workshop if starting in the Fall). Students should plan to complete the online accounting module over a period of 8 weeks.

Determine an 8-week study schedule. Assign due dates to each week, allowing for weeks you know you will not be able to study.

 

TCU Online Units TCU Online Topics / Chapter in the book
Week 1: FA1 / Chapter 1  Overview of Financial Accounting
  FA2 / Chapter 2  Balance Sheet
Week 2: FA3 / Chapter 3  Transactions that Change the Balance Sheet
  FA4 / Chapter 4  Income Statement
Week 3: FA5 / Chapter 5  More on the Income Statement (Accrual Basis)
Week 4: FA6 / Chapter 6  Balance Sheet and Income Statement
Week 5: FA7 / Chapter 7 & 8  Cash Flow Statement and Statement of Equity
Week 6: FA8 / A-1 Recording Transactions on a Spreadsheet: Overview
  FA9 / A-1 Recording Transactions on a Spreadsheet: Practice
Week 7: FA10 / A-2 Record Journal Entries and Balance T Accounts
Week 8: FA11: A-3 Adjustments to Accounts (journal entries)
  FA12: A-4  Finishing the Accounting Cycle

Plan for 3 to 6 hours for each topic. The time required will vary with a student’s prior knowledge of financial accounting.

Email Janice Cobb at j.cobb3@tcu.edu if you have questions about the Online Accounting Module.

(Allow 48 hours for a response due to summer traveling.)  

You should achieve a score of 80% or better.  You may repeat the quiz up to 5 times