Create a CONCEPT MAP. Your concept mapping project will essentially be the most important accounting concepts .
Fantastic news! We've Found the answer you've been seeking!
Question:
Create a CONCEPT MAP. Your concept mapping project will essentially be the most important accounting concepts . Your map can be presented in whatever manner you feel is best. Your map should include the following:
• Creativity
• Conceptual Understanding
• Clarity of the map
• Please feel free to also use images, words, formulas or diagrams in your concept map
Here are the criteria to fulfill for a successful course map:
Creativity/CompositioUtilize the different Microsoft tools for creating a good composition and presentation |
Accuracy of Observation and Perspective Explanation of each concept, definition, interpretation (what does it mean), and application (how does it apply to a business in the way that an organization is affected by the concept). |
Clarity/Craftsmanship Careful placement of each concept and visualization of how one concept works with another (example accounting cycle) |
Value and Contrast using a variety of colors and examples to properly explain how a concept is used in accounting and how it important it is in business. |
Please see sample images of concept maps on the internet and choose a format of your choice.
Here are the concepts to use for the map:
- The balance sheet.
- The trial balance and preparation of financial statements.
- Preparing the trial balance.(step 4 of the accounting cycle)
- The worksheet.(step 5 of the accounting cycle)
- Closing entries.(step 8 of the accounting cycle)
- The bank reconciliation process.
- Preparing a payroll register and maintaining an employee earnings record.
- Journalizing transactions for a perpetual inventory system.
- Purchases and cash payments in a perpetual inventory system.
- Cash payments transactions and schedules of accounts payable.
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Posted Date: