Importance and limitations

Limitations of Financial Accounting

MindEdge's Financial Accounting learning resource provides an introduction to key topics in accounting, exposing students to basic accounting principles, concepts, and terminology. It reviews GAAP Principles and financial statements, rules of double-entry accounting, the accounting cycle, and other accounting topics.

This modular course can be tailored to your school with webtexts, ebooks, and optional trade paperbacks available. It seamlessly integrates into all learning management systems.

The course includes accounting problems for study and practice. Video, games, and other interactive elements motivate students to progress while applying fundamental accounting concepts. It engages students through a series of hands-on mini-cases involving a fictional furniture company that help instructors assess students' mastery of the content.

Through MindEdge's adaptive learning students can access help for more than 20 accounting topics. MindEdge's adaptive learning helps students by providing support for those common conceptual "pain points" where students often encounter learning difficulties. A sophisticated software engine guides students through additional layers of content instruction, which includes games, video, and additional testing.

This learning resource contains a diagnostic pre-assessment, a comprehensive final assessment, as well as eight modules:

  1. Introduction to Accounting and Business
  2. The Accounting Cycle
  3. Internal Control and Ethics In Accounting
  4. Financial Statements
  5. The Adjusting Process, Depreciation, and Capitalization
  6. Accounting for Inventory
  7. Accounting for Assets, Intangibles, and Investments
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