CTS: Financial Management - Service Business 1
This web is designed to provide easy access to online resources that support
the Alberta CTS Financial Management curriculum. Click on the Web
site to get a description of the site and an indication of how the site
supports the learning expectations for FIN1020. Clicking on the concept
links to the Alberta Learning expectations for the concept. When
the smilie face is clicked, the you are taken to the page on the web site
that is relevant for the concept.
Service Business 1 Course Objectives
The student will:
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identify and apply the steps in the accounting cycle, up to the trial
balance, for a service business
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given appropriate data, completing a project that includes the module
concepts.
Assessment of student achievement should be based on:
Assessment Tool for Financial Management Documents/Components,
FINDOC–A 100
Specific Concepts
The student should:
Financial Statements
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describe the purposes of financial statements and their uses
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explain the effects of GAAP (generally accepted accounting principles)
on financial statements
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compare the financial statements of a variety of types of businesses.
Opening Balance Sheet
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identify and define assets, liabilities and capital
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prepare a balance sheet
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apply the accounting equation in the analysis of the balance sheet.
Double Entry System
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describe the theory of a double entry system
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analyze business transactions.
Ledgers
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identify and define revenue and expense accounts
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prepare a chart of accounts
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open the general ledger accounts.
Journals
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analyze and journalize transactions
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post journal entries to the appropriate general
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identify the types of accounting errors and apply appropriate correction
techniques.
Trial Balance
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record ledger account balances on a trial balance
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identify the types of accounting errors and apply appropriate correction
techniques.
Petty Cash
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identify the purpose of a petty cash fund
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record the entries to establish and replenish the petty cash fund
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describe ethical issues of petty cash.
Accounting
Dictionary by VentureLine! http://www.ventureline.com/glossary.htm
The Accounting Dictionary is a comprehensive accounting dictionary
and financial glossary of financial terms. Find what that
financial term means and how it affects you or your company. Look deep
into financial statements with the VentureLine Accounting Dictionary.
This is an American resource but the definition of most accounting terms
is consistent throughout North America.
Accounting
Cycle http://kalama.doe.hawaii.edu/hern95/pt035/Accounting/LEVEL_1-INDEPENDENT/CYCLE.HTM
This site lists and describes the major components of the accounting
cycle. It contains an explanation of the topic and in some cases
examples. The site was created by D. E. Van Gieson, KCC Accounting,
Instructor, gieson@uhunix.uhcc.hawaii.edu
AccountingInfo.com
http://accountinginfo.com/study/index.html
AccountingInfo.com is a comprehensive source of accounting information
for accountants and accounting students. This site is still under
construction and promisses to be a comprehensive accounting site.
It offers students and teachers both a description of the listed concepts
and examples.
Accounting
4/e http://cw.prenhall.com/bookbind/pubbooks/horngren3/chapter1/deluxe.html
Student Resources on the internet for Prentice Hall's Accounting 4/e.
This is a support site for the accounting textbook. It offers students
and teachers chapter notes on the identified concepts and sample questions.
The exercises and extensive notes are downloadable Excel and
Power Point files found under Student Resources. The practice quizzes
are accessed through the Study Guide.
Online
Women's Business Center http://www.onlinewbc.org/Docs/finance/bkpg_acct.html#how
The Online Women's Business Center is a partnership with the US Small
Business Association. The site offers an online tutorial in basic
accounting. Students and teachers may find the plain language descriptions
of the accounting concepts aid in understanding more technical texts.
