Yes!! They are free for now. Use them as often as you need.
These accounting tutorials, written by an accounting tutor and retired Professor of Accounting are great learning tools that will help you understand each topic.
You should read the related chapter in your textbook and attempt some exercises. When you come to a stumbling
block, just click on the accounting tutorial that covers your problem area.
They are easy to use. Each accounting tutorial shows you step by step how to get through a typical
problem. All you have to do is click your mouse and you move through the tutorial. Go through them as fast or
as slow as you want. You are in control.
These accounting tutorials were developed by a former CPA (and accounting
tutor) with over 20 years of classroom experience.
The ACCOUNTING CYCLE includes illustrations covering the TABULAR FORMAT, NORMAL BALANCES,
RECORDING, POSTING, AND ADJUSTING JOURNAL ENTRIES.
Go ahead. Give one a try. Pick a topic from the tutorials listed on the right.
Questions are being answered now. Ask Prof. Noesit a question on any of the tutorial topics. Click on the
"Ask an Accounting Question" link and pose your question.
Prof. Noesit will answer quickly.
Frequently Asked Questions
Q. Why study accounting?
A. First consider one of the end products of accounting - the financial statements. People read and analyze them and someone must prepare them.
There are several levels of accounting personnel needed to get that end product. The first level is the group of people who input the accounting
information into a computer. The last level is the group of people who must study the results and add additional comments so the reader has a thorough
understanding of the company's results for a period of time.
Other accounting personnel are needed by investors who rely on you to read and interpret the financial statements of a company.
There are numerous careers for an accounting graduate. You may be employed in private industry, federal, state, or local governments, a not-for-
profit organization, or a public accounting firm.
You may continue your accounting studies, become a CPA and own your own practice.
You may own your own business - plumber, electrician, attorney, retailer - and need to know how to read your own financial statements.
Q. What is an operating cycle?
A. Assume on day one you have an amount of cash. Time passes; events happen; and you
end up with a different amount of cash. In business, the events are: purchasing inventory, selling
that inventory to customers and collecting the cash from the customers. Or:
Starting amount of cash -> purchase inventory -> Selling -> collecting -> ending amount of cash
Most businesses have an operating cycle of less than one year but a few will have an operating
cycle that is greater than one.
Q. What is meant by double entry accounting?
A. Double entry accounting means that every journal
entry must change at least two accounts. The entry must have
at least one debit and one credit. The entry can have
many debits and many credits. The total of all debits must
equal the total of all credits. Watch the "Recording"
tutorial to see an illustration of an entry.