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accounting_with_graphic_orgianzers_ppt

Dr. Dianna Johnson discusses methods for teaching accounting processes to students, focusing on the workflow and the importance of posting transactions. She emphasizes the use of graphics and quizzes to help students understand the accounting cycle, including journalizing, posting to ledgers, and preparing financial statements. Additionally, she offers resources and support for fellow educators, including PowerPoints and handouts related to her presentation.

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Correen Celestine-Edwards
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5 views33 pages

accounting_with_graphic_orgianzers_ppt

Dr. Dianna Johnson discusses methods for teaching accounting processes to students, focusing on the workflow and the importance of posting transactions. She emphasizes the use of graphics and quizzes to help students understand the accounting cycle, including journalizing, posting to ledgers, and preparing financial statements. Additionally, she offers resources and support for fellow educators, including PowerPoints and handouts related to her presentation.

Uploaded by

Correen Celestine-Edwards
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Dr.

Dianna Johnson
Douglas County High School
September 28, 2016
 For mine it is . . .
 The order of the process
 And POSTING

 So over the years I have tried different methods to


help students grasp the work flow in accounting
Using graphics found in textbooks,
online, or self made to teach:
Basic Accounting Cycle
Expanded Accounting Cycle
Basic Accounting Equation
Classifying Account Types
Journalize
each
transaction
Journalize
each
transaction

Post to
the
ledger
Journalize
each
transaction

Post to
the
ledger

Prepare a
trial balance
Journalize
each
transaction

Post to
the
ledger

Prepare a
trial balance

Prepare a
worksheet
Journalize
each
transaction

Post to
the
ledger

Prepare a
trial balance

Prepare a
Prepare worksheet
Financial
Statements
Journalize
each
transaction

Post to
the
ledger

Prepare a
trial balance

Prepare a
Journalize and
Prepare worksheet
Post Closing
Entries Financial
Statements
Journalize
each
transaction

Post to
the
ledger

Prepare a
Post-Closing Trial Prepare a
Balance trial balance

Prepare a
Journalize and
Prepare worksheet
Post Closing
Entries Financial
Statements
 Hand out blank copy
 See how many they can fill in
(like a pop quiz)
 I don’t take a grade on that one
 Let them know that next class it
will be for a grade
 Yes, it is memorizing
 But that is where it starts

 Once they know the order they


can begin to add meaning to it
First we will look at expanding only the first
two steps
 Looking at source documents
 Then verbalizing the transactions
 Transitioning into analyzing the transaction into its
debit/credit parts
 As you move thru
the cycle . . .
 Expand each step

 Continue to pop quiz


periodically
 Another area of issue for students
 Purchases
 Sales
 Cash Receipts
 Cash Payments

 When to use the General Journal


Special Journals Index Card
Purchases Cash Payments

Sales Cash Receipts

General Journal
Top Left Box
Purchases
Purchases of merchandise for resale in the business on account
Post to sub ledger regularly and independently
Post total to general ledger at end of month (Purchases debit
AND Accounts Payable credit)
Top Right Box
CASH PAYMENTS
ONLY payments of cash
Post regularly and individually the accounts to the sub ledger
and any amounts in the general columns
Post column totals at end of cycle for Accts Payable, Purchases
Discount, Cash
Middle Left Box
Sales
Sales of merchandise on account
Post regularly and individually the accounts to sub ledger
Post column totals at the end of cycle for Accounts Receivable
debit, Sales credit, Sales Tax Payable credit
Middle Right Box
CASH RECIEPTS
ONLY cash receipts (when you receive cash)
Post regularly and individually the accounts to the sub ledger and
any amounts in the general columns
Post column totals at end of cycle for Accts Receivable credit,
Sales credit, Sales Tax Payable credit, Sales Discount debit,
Cash debit
Bottom Box

GENERAL JOURNAL
All other transactions including correcting,
adjusting, and closing entries; purchase and
sales returns and allowances
Index Card
Start with an introduction of why we separate
the transactions out
 Then to the Index Card
 Students use it as we progress through the
transactions for each journal
 Now you have tools to help teach . . .
 The accounting cycle
 Debit / Credit Rules
 Account Classification
 Special Journals

 I hope these will be helpful

 I can send you the PowerPoints that go with each Graphic Organizer if you email
me at [email protected]
 This presentation and the handouts will be on the conference web site.

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