University:
Grand Rapids Community College
Course:
Financial and Managerial Accounting: Information for Decisions - John J. Wild
Academic year:

2024
Views:

220

Pages:

2
Author:

stud_ice13

Tableau Dashboard Activities (DA): These activities use visual displays to introduce students to accounting analytics without requiring knowledge of the Tableau software. They are easy to access, run in Connect, and are auto-gradable. Some examples include: • • • Tableau DA 2-1 Quick Study (Identifying Normal Balance, C2): This activity is similar to QS 2-4 and QS 2-5 and focuses on understanding normal account balances, whether debit or credit. Tableau DA 2-2 Exercise (Preparing an Income Statement, P1): Similar to QS 2-15, this task involves preparing an income statement from a set of financial data. Tableau DA 2-3 Mini-Case (Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet, P1): This is similar to Exercises 2-25, 2-26, and 2-27, where students prepare financial statements for a company. General Ledger (GL) Assignments: The GL assignments in Connect expose students to general ledger software similar to that used in real-world accounting practice. These assignments involve recording journal entries, analyzing their impact on financial statements, and automatically generating financial statements (though this feature can be turned off). • GL 2-1 to GL 2-8: These assignments require students to prepare journal entries and identify their financial statement impacts. Each entry’s effect on the balance sheet and income statement is tracked and analyzed. The exercises are based on the following problems and exercises: o GL 2-1: Based on FastForward (a fictitious company case study often used in introductory accounting). o GL 2-2: Based on Exercise 2-13. o GL 2-3: Based on Exercise 2-16. o GL 2-4: Based on Problem 2-1A. o GL 2-5 to GL 2-8: Based on Problem 2-2A, Problem 2-3A, and Problem 2-4A, as well as the Serial Problem SP 2. Key GL Assignment Concepts: • • Recording Journal Entries: Students practice creating journal entries for various transactions. Creating Financial Statements: These assignments generate financial statements (income statement, balance sheet, statement of retained earnings) from journal entries. • Impact on Financial Statements: Each transaction’s effect on the financial statements is automatically assessed, helping students see the connection between journal entries and financial reports. Learning Objectives: • • • • Develop Accounting Analytics Skills: Through visual tools like Tableau. Master Journal Entries: Practice recording transactions accurately. Understand Financial Statement Impacts: Analyze how transactions affect the company's financial position. Prepare Financial Statements: Gain proficiency in preparing key financial documents like income statements, balance sheets, and statements of retained earnings.