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Ch 3: ILTS Business: Accounting Principles

About This Chapter

Let this chapter teach you about accounting principles. The video lessons and self-assessment quizzes can prepare you to answer questions about accounting on the ILTS Business, Marketing and Computer Education content area test.

ILTS Business, Marketing and Computer Education - Accounting Principles: Chapter Summary

If you're an aspiring teacher who needs to boost your knowledge of accounting before taking the Illinois Licensure Testing System (ILTS) Business, Marketing and Computer Education exam, this chapter could prove an excellent study guide. The brief video lessons in this chapter can teach you about generally accepted accounting principles (GAAPs), as well as the following topics:

  • Long-term operating assets
  • Plant assets and accounting
  • Acquisition of property, plants and equipment
  • Factors in computing depreciation
  • Depreciation methods
  • Intangible assets

ILTS Business, Marketing and Computer Education - Accounting Principles Objectives

The ILTS Business, Marketing and Computer Education exam is used as part of the public teacher certification process in Illinois. Offered only six times a year, this test is comprised of 125 multiple-choice questions, which cover six subareas. One of these subareas focuses on accounting principles and practices.

To prepare for the ILTS Business, Marketing and Computer Education exam, watch each of the brief video lessons in this chapter, which was designed by experienced professional educators. You also might benefit from completing the self-assessment quizzes that accompany these lessons. Designed in the spirit of the actual exam, these quizzes can help you determine where your strengths and weaknesses lie in relation to accounting principles.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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