This YouTube video is the third in a series of chapter summary videos for the Perdisco Financial Accounting 360 Textbook by Raechel Wight. Chapter 3 covers Timing and Reporting, and Recording Adjusting Entries (prepaid expenses, unearned revenues, accrued expenses, and accrued revenues).
Type of Material:
Video presentation
Recommended Uses:
In class lecture or outside class homework for an individual.
Technical Requirements:
Media Player
Identify Major Learning Goals:
To show students how to adjust accounts at the end of some time period, e.g. a month or year with respect to accrued revenues, expenses, prepaid expenses, and unearned revenues.
Target Student Population:
High school/college sophomore level introductory accounting course.
Prerequisite Knowledge or Skills:
Knowledge of accrual basis of accounting.
Content Quality
Rating:
Strengths:
Author provides audience with an entertaining method of demonstrating the preparation of adjusting entries in the accounting cycle. Content is presented in a clear and concise fashion. Information is accurate, current, and relevant to an introductory principles of financial accounting course. Examples and graphics used are well done. The video presentation is simple to follow and should be easy to understand.
Concerns:
None.
Potential Effectiveness as a Teaching Tool
Rating:
Strengths:
The video is a good starting point for helping students learn about adjusting journal entries using accrual basis financial accounting based on GAAP (generally accepted accounting principles). Learning objectives are included. Concepts are reinforced progressively building on prior concepts. The presentation is very efficient in that students should learn a lot in a short itme.
Concerns:
Inclusion of the office supplies account as a prepaid asset would make the presentation more useful.
Ease of Use for Both Students and Faculty
Rating:
Strengths:
The video is well done and uses great graphics to maintain interst. Sound is excellent. The pace is excellent. Great speaker. In just a short time period, essential useful information is presented helping students learn a great deal in a short amount of time.
Concerns:
None.
Other Issues and Comments:
We need more tutorials like this to be developed in all areas of accounting.
Creative Commons:
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