Everything Academic | Online Accounting Module

Overview and Learning Objectives

Financial statements are a key source of information about the economic activities of a firm. An understanding of financial accounting is essential to anyone who will use financial statement information as an input to economic decision-making, including managers, lawyers, investors, financial analysts, bankers, consultants, regulators, and economic analysts in addition to professional accountants and auditors.

The summer online accounting module is designed to provide you with foundational knowledge of the financial accounting system necessary as a prerequisite to ACCT 60010. Without a solid understanding of these concepts, you will not be in a position to understand and master the material in ACCT 60010. After completing the summer online accounting module, you will have the following knowledge and skills necessary for success in ACCT 60010:

  • An understanding of accounting as the language of business;
  • The ability to understand, explain, and record basic business transactions; and
  • The ability to prepare and interpret basic financial statements.

Required Materials

Fundamentals of Financial Accounting, Cambridge Business Publishers. To register for the online course, follow these steps:

1. Go to https://mybusinesscourse.com/?code=4616-18490

2. Select “Enroll”

3. Create a new account

4. Enter the following code in Payment Option One:  yfnaTHPVA96X9fVF

After completing the registration process, you will access the course site by clicking on the link given above and entering your username and password.

Navigating the Course Page

From the course home page, you can scroll through the Table of Contents using the arrows at the top of the page. Alternatively, you can click on the three parallel lines icon in the upper left corner to open a menu which will allow you to directly navigate to any of the modules in the course. A user guide is available in the drop-down menu under your name in the upper right-hand corner.

Program of Study

The course contains three modules:

Module 1:   Introduction to Financial Accounting

Module 2:   Constructing Financial Statements

Module 3:   Adjusting Accounts for Financial Statements

Begin the course by completing the pre-test assessment to gauge your initial level of understanding of basic financial accounting topics.

Each module contains several sessions with a downloadable chapter (pdf) to read and supplementary recorded lectures for you to watch. Most sessions also have a narrated solution of a sample problem, along with a pdf copy of that sample problem.

After studying the relevant materials in each session, there is an assignment for you to complete. While completing the assignments you can obtain hints using the “check” button. There are also additional problems that can be completed for more practice. The assignments and practice problems provide the building blocks for success in the end-of-module quizzes, which you should complete before moving on to the next module. Finally, at the end of the course there is a post-test assessment.

Estimated Time to Complete

The estimated time to complete the course is approximately thirty hours. If you do the additional practice problems, which is strongly suggested if you have little or no exposure to financial accounting, it will take longer. The more time you devote to learning these concepts now, the better prepared you will be for the accelerated pace of ACCT 60010.

One important thing to remember about accounting is that it is “intensely cumulative” (in the words of former students). The assignment material builds on each part that has gone before, and the problems become more complex as you move throughout the course. You should allocate sufficient time each week over the summer to complete the material prior to the START workshop.

Assistance

If you have technical problems with the myBusinessCourse system, you should click the SUPPORT tab on the right side of the screen or visit https://cambridgepub.com/support.

If you have questions on the subject matter, you may email Dr. Karen Nelson at k.nelson@tcu.edu.