- Course type: Self-paced
- Available Lessons: 73
- Average Lesson Length: 8 min
Eligible for Certificate: Yes
Certificates show that you have completed the course. They do not provide credit.
Watch a preview:chapter 1 / lesson 1What Is Accounting? - Purpose, Importance & Relationship to Business
Course SummaryThis Financial Accounting Syllabus Resource & Lesson Plans course is a fully developed resource to help you teach financial accounting. You can easily adapt the video lessons, transcripts, and quizzes to take full advantage of the comprehensive and engaging material we offer. Make planning your course easier by using our syllabus as a guide.
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Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
How It Works
You can use this financial accounting course as a template for designing and implementing your course. Here are the key components of the course and how you can use them:
- Chapters - Each chapter covers a unit of financial accounting, from the relationship of accounting and business to the preparation of statements of cash flows and the obstacles of long-term and current liabilities. Use these chapters as mile markers as you map out your course. We recommend planning to spend a week on each chapter, but you can always allocate the chapters according to the length of your specific financial accounting course.
- Lessons - Within each chapter are video lessons that further break down topics into bite-sized chunks. These lessons cover single topics like balance sheets or bank reconciliation. Each one is often appropriate for a single class.
- Key Terms - Within each lesson are key terms. These are emphasized on screen and in the transcript. As you develop your syllabus, these key terms help you focus on the most important learning objectives. For example, the lesson on source documents includes key terms like journal entry and accounting journal.
As you work on your financial accounting lesson plans, save time by incorporating video lessons from this resource. Here's how:
- Introduce Topics - Your students will be in the right mindset for understanding topics like accrual accounting if you begin class with a short video. It can be a jumping-off point for a lecture, group activity or class discussion.
- Break Up Lectures - The video format, which often includes animation, helps students visualize topics like recording various types of business transactions and notating service and warranty costs.
- Assign For Homework - Each lesson in the course, from the basics of debits and credits to information about the Security and Exchange Commission, can be assigned to your students as homework.
Each video lesson includes a complete transcript. You can utilize these transcripts in several ways:
- Lecture Notes - Do you need a guide as you plan a lecture, such as one on external audits or types of account adjustments? The transcripts cover each topic in depth, with key terms highlighted for quick reference.
- Student Reading - Perhaps you'd like your students to learn about the Sarbanes-Oxley Act, but you don't have class time available. Assign the transcript as extra reading.
- Study Tools - When it's time for a unit exam on merchandising operations and inventory in accounting, you can point your students to the transcripts on merchandising activities, inventory cost, systems of recording purchases, inventory valuation methods and related topics to help them study.
Each video lesson has a corresponding quiz. Here's how to use the quizzes:
- Homework - Assign a quiz to your students as homework. You'll receive an email with the results, which enables you to verify they've completed the assignment and that they've understood the material. Questions cover everything from types of financial statements to key facts, like the Generally Accepted Accounting Principles (GAAP).
- Tests - You can meld the material in the quizzes into your own student assessments, saving you valuable time. Need a few questions on internal controls? There are plenty!
- Discussions - Jump-start a discussion with questions like: What should a business consider when deciding how to handle a long-term liability?
Below is a sketch of the financial accounting syllabus modeled on an 8-week course. This sample can be adapted based on your course schedule. Navigate the chapters and lessons for more detail.
|Week||Unit||Sample of Topics Covered|
|Week 1||Introduction to Accounting||Accounting's role in business, GAAP (generally accepted accounting principles), accounting technology|
|Week 2||Financial Statements in Accounting||Purpose of financial statements, balance sheets and income statements, reasons for external audits, accounting principles|
|Week 3||Mechanics of the Accounting Cycle||The accounting equation, source documents, ledgers, how to analyze business transactions|
|Week 4||Adjusting Accounts and Preparing Financial Statements||How accrual accounting makes statements more useful, account adjustments, temporary and permanent accounts, the closing process|
|Week 5||Internal Controls in Accounting||Common problems, control of banking activities, definition of banking terms such as cash and liquidity, definition of bank reconciliation|
|Week 6||Merchandising Operations and Inventory Controls in Accounting||Definition of income components for a merchandising company, components of merchandise inventory, recording sales with the perpetual system, inventory errors|
|Week 7||Receivables in Accounting||Revenue recognition, uncollectible accounts, receivables management|
|Week 8||Current and Long-Term Liabilities in Accounting||Definition of liabilities, how to measure and account for long-term liabilities, types of bond and accounting procedures involving them|
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