Accounting 10, 20, 30
Course Configurations
ACCT16
Module 16: Merchandising Inventory Accounts (Core)
Outcome
Explore the importance of inventory and its accurate value within a merchandising business.
Indicators
| (a) | Define merchandising inventory. |
| (b) | Classify and assign a number to the different types of accounts used in a merchandising business such as merchandise inventory, purchases, sales and cost of goods sold to the chart of accounts. |
| (c) | Examine the inquiry questions: Why is inventory reported on the balance sheet as the amount paid for the item, not the selling price? Why is the cost of goods sold reported on the income statement? |
| (d) | Discuss the relationship between beginning inventory (e.g., cost of goods on hand) and ending inventory. |
| (e) | Calculate the balance of merchandise inventory in a merchandising business. |
| (f) | Differentiate between perpetual inventory and periodic inventory, considering cost, ease of handling, computerization and labour hours. |
| (g) | Analyze the implications of inventory surplus or deficits in a business (e.g., cash flow, expenses, loss). |
| (h) | Calculate the cost of goods sold. |
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R104103
Century 21 Accounting: Multicolumn Journal. Working Papers, Chapters 1-17(11th edition)
This is a non-reproducible student resource that has end-of-lesson, end of-chapter and reinforcement activities, as well as chapter study guides that complement the corresponding textbook chapters. It includes journals, ledgers, chart of accounts, banking forms, petty cash reports, bank reconciliations, worksheets, balance sheets, income statements and post-closing trial balance forms.
Media and Formats :
Book
Price :
$49.95 USD
Record posted/updated:
March 23, 2022
R103903
Century 21 Accounting: General Journal(11th ed.)
This student resource is divided into 24 chapters that have the following subsections: 21st Century Skills, Critical Thinking Activities, Think Like an Accounting, Financial Literacy, Global Awareness, Ethics in Action, Forensic Accounting, Careers in Accounting and Accounting in the Real World. This resource promotes problem solving, discussion and creative thinking while building knowledge of accounting practices. One of the main differences between this and other common textbooks for accounting is that it introduces journalizing through the use of a general journal, not a combination journal. Special journals are still used in the textbook. Overall, the textbook would be appropriate for all three course levels.
(More information)
Media and Formats :
Book
Price :
$164.95
Record posted/updated:
December 8, 2021
R010486
Cornerstones of Financial Accounting(Third Canadian Edition)
This comprehensive student resource has 13 chapters that provides accounting information, definitions, summaries and exercises in each chapter. Case studies provide examples of how accounting decisions impact real world businesses. Due to the high ratio of text in this resource, it may be most suitable as a teacher resource for enrichment activities for intermediate or advanced high school students.
Media and Formats :
Book
Price :
Free
Record posted/updated:
March 16, 2022
R032510
Accounting 1(7th ed.)
This Canadian textbook contains 12 chapters of current accounting practices, procedures and technologies. The exercises, case studies and computer applications reinforce the concepts presented and the career profiles provide real-world examples. A chapter review highlights accounting terms, review exercises, activities and questions to consolidate the learning.
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Accounting 1. Student Workbook
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Accounting 1. TestGen Test Bank
Media and Formats :
Book
Price :
$106.32
Record posted/updated:
December 8, 2021
R032509
Principles of Accounting(4th ed.)
This Canadian textbook is organized into 15 chapters that develop various concepts associated with accounting. After every concept presented, there are sections to check for understanding and another to apply knowledge. Included at the end of every chapter are sections for computer assignments, internet resources explorations, case studies and career education. An extensive glossary and index are located at the end of the resource.
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Principles of Accounting. Study Guide and Working Papers
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Principles of Accounting. TestGen Test Bank
Media and Formats :
Book
Price :
$106.32
Record posted/updated:
December 7, 2021
R037839
Century 21 Accounting Multicolumn Journal(10th ed.)
This textbook has the same content as the Century 21 Accounting Multicolumn Journal, Introductory Course, Chapters 1-17 (10th ed.) with two additional parts: Accounting for a Merchandizing Business Organized as a Corporation –Adjustments and Valuations; and Additional Accounting Procedures.
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Century 21 Accounting Multicolumn Journal. Instructor's Resource CD
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Century 21 Accounting Multicolumn Journal. Instructor's Resource Kit
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Century 21 Accounting. Multicolumn Journal, Introductory Course, Chapters 1-17
Media and Formats :
Book
Price :
Free
Record posted/updated:
December 7, 2021
R021220
QuickBooks Online for Accounting(4th ed.)
This student resource is a step-by-step guide to use QuickBooks Online. At the end of each chapter are short answer and matching questions as well as five sample business case scenarios for students to practice the concepts described in each chapter. The QuickBooks Online developer has also created video tutorials that are available on Youtube.com.
Media and Formats :
Book
Price :
$179.95 USD
Record posted/updated:
December 8, 2021
R032771
Accounting Principles, Volume 1(8th Canadian ed.)
This Canadian edition is a comprehensive binder about accounting that offers basic terminology, ethical dilemmas, decision-making problems, exercises, comparisons, demonstrations, problems, challenge questions and real-life connection throughout the 10 chapters.
Media and Formats :
Book
Document
Price :
See publisher.
Record posted/updated:
June 17, 2022
R033001
Financial Accounting: Tools for Business Decision-making(7th Canadian ed.)
This Canadian resource provides guided instruction on a variety of activities and projects related to business and accounting. Organized in 14 chapters, it offer unique real world connections, activities, projects, ethical dilemmas and decision making tasks.
Media and Formats :
Book
Document
Price :
See publisher.
Record posted/updated:
June 17, 2022
R009355
Financial Accounting(Seventh Canadian Edition)
This resource consists of 10 chapters which contain a variety of information, assignments, activities, projects, ethical questions and business analyses that may be more suitable for accounting students. There are may project ideas located in the Stop + Think, Cooking the Books, and Spotlight on Businesses sections. There is an online component to this resource that offers tutorials, homework and assessment program.
Media and Formats :
Book
Price :
$189.99
Record posted/updated:
March 16, 2022
R009352
Horngren's Accounting. Volume 1(10th Canadian ed.)
This Canadian resource is a soft-covered textbook that effectively address outcomes for the Accounting 10 and 20. The 11 chapters are divided into two parts. The first part addresses the basic structure of accounting, while the second part addresses accounting for assets and liabilities. MyAccountingLab is a portal available with learning tools such as mini-cases, videos and tutorials.
Media and Formats :
Book
Price :
See publisher.
Record posted/updated:
June 17, 2022
R009354
Horngren's Accounting. Volume 1, Flextext(10th Canadian ed.)
This Canadian resource is a comprehensive workbook that supplements the textbook providing activities with blank templates to match the starters, exercises, and problems from the corresponding chapters.
Media and Formats :
Book
Price :
See publisher.
Record posted/updated:
June 17, 2022