Day 49 - Study for Ch 10 Retake

1. Find a new partner and move to a new seat.

2. Interview each other about the following:
• Can you tell me different types of current liabilities?
• Give examples of different long-term liabilities.
• What is the difference between current and long-term liabilities?
• Which account is typically the largest current liability?
• What is the formula for calculating simple interest?
• How do you calculate the maturity value of an interest bearing note?
• What type of note has the interest deducted from the face value on the issue date?
• Bonus question: What do you call a person that loans money to someone else?
• Bonus question: What is the journal entry for exchanging an accounts payable for an interested-bearing note payable?
  
3. Watch these short videos if you need a refresher:
• Current Liabilities (4:51)
• Notes Payable (8:52)
4. Re-interview each other

Day 48 - Current Liabilities Interview Questions

1. Find a new partner and move to a new seat.

2. Interview each other about the following:
• Can you tell me different types of current liabilities?
• Give examples of different long-term liabilities.
• What is the difference between current and long-term liabilities?
• Which account is typically the largest current liability?
• What is the formula for calculating simple interest?
• How do you calculate the maturity value of an interest bearing note?
• What type of note has the interest deducted from the face value on the issue date?
• Bonus question: What do you call a person that loans money to someone else?
• Bonus question: What is the journal entry for exchanging an accounts payable for an interested-bearing note payable?
  
3. Watch these short videos if you need a refresher:
• Current Liabilities (4:51)
• Notes Payable (8:52)
4. Re-interview each other

Day 42 current liabilities interviews

1. Go over test and do test corrections on note book paper.
2. Return test to sub
3. Find a new partner and move to a new seat.
4. Interview each other about the following:

• Can you tell me different types of current liabilities?
• Give examples of different long-term liabilities.
• What is the difference between current and long-term liabilities?
• Which account is typically the largest current liability?
• What is the formula for calculating simple interest?
• How do you calculate the maturity value of an interest bearing note?
• What type of note has the interest deducted from the face value on the issue date?
• Bonus question: What do you call a person that loans money to someone else?
• Bonus question: What is the journal entry for exchanging an accounts payable for an interested-bearing note payable?

• Watch these short videos if you need a refresher:

• Current Liabilities (4:51)
• Notes Payable (8:52)

• Re-interview each other

Day 29 - Ch 6 Retake

Take the chapter 6 retake
Continue review tools for Nature of Fixed Assets

Day 25 - Ch 6 Quiz

After Quiz - Preview chapter 9

Day 24 - Reporting and Analysis

4p3r Reporting and Analysis
create review tools

Day 23 - Periodic System

4p3r Periodic System
create review tools

Day 22 - Costing Methods

4p3r FIFO, LIFO, Average Cost
create review tool

Day 21 - Inventory Basics Review

1. Flow of paperwork
• Purchase Requisition
• Purchase Order
• Packing Slip
• Receiving Report
• Invoice
2. Cost Flow Assumptions
• FIFO
• favors financials
• LIFO
• lowers taxes
• Average Cost
3. Perpetual System

Day 20 - Record Your Paper Slide Video: Periodic Inventory

1. get into your groups
2. review your plan
1. who will do what research
2. who will draw
3. who will talk
4. how will your scenes look
3. review notes about the topic (Chapter 6: Periodic Inventory)
4. design scene and script
5. practice, practice, practice
6. record
7. publish to YouTube
8. submit the URL through the assignment submission form

Day 19 - Take Notes on Periodic Inventory Systems

Prepare notes for the following topics:

• FIFO
• LIFO
• Average Cost Method
• Comparing Methods

Start thinking about how to turn this info into a Paper Slide Video

Day 18 - Record Your Paper Slide Video: Perpetual Inventory & Ask the Expert Day

1. get into your groups
2. review your plan
1. who will do what research
2. who will draw
3. who will talk
4. how will your scenes look
3. review notes about the topic (Chapter 6: PerpetualInventory)
4. design scene and script
5. practice, practice, practice
6. record
7. publish to YouTube

submit the URL through the assignment submission form

Day 17 - Take Notes on Perpetual Inventory Systems

Prepare notes for the following topics:

• FIFO
• LIFO
• Average Cost Method
• Comparing Methods

Start thinking about how to turn this info into a Paper Slide Video

Day 16 - Record Your Paper Slide Video: Inventories

1. get into your groups
2. review your plan
1. who will do what research
2. who will draw
3. who will talk
4. how will your scenes look
3. review notes about the topic(Chapter 6: Control, Assumptions, Perpetual)
4. design scene and script
5. practice, practice, practice
6. record
7. publish to YouTube
8. submit the URL through the assignment submission form

Day 15 - Ch 5 Retake

• ch. 5 Quiz Retake
• review notes on Inventories

Day 14 - Finalize Your Paper Slide Video: Inventories

1. get into your groups
2. review your plan
1. who will do what research
2. who will draw
3. who will talk
4. how will your scenes look
3. review notes about the topic  (Chapter 6: Control, Assumptions, Perpetual)
4. design scene and script
5. practice, practice, practice

Day 13 - Introduction to Paper Slides

1. watch the videos below about Paper Slide Videos
2. create your groups
3. devise a plan
1. who will do what research
2. who will draw
3. who will talk
4. how will your scenes look
4. take notes about the topic (Chapter 6: Control, Assumptions, Perpetual)

http://youtu.be/Qf6L1PTG3p4

http://youtu.be/Y5be23IGyWc

http://paperslide.wikispaces.com/Guidelines

Rubric

Day 12 - Introduction to Chapter 6:

Day 12 - Introduction to Chapter 6:

Review how to and practice taking notes (for learning, not for doing).

• 4P3R
• Preview
• Prior Knowledge
• Predictions
• Purpose
• Read and Write
• Reread and Revise
• Review

Things you should know:

• control of inventory
• PO
• receiving report
• invoice
• subsidiary ledger
• controls
• physical inventory
• cost flow assumptions
• specific ID
• FIFO
• LIFO
• Average Cost
• perpetual inventory system
• FIFO
• LIFO
• Average Cost

Day 11 - Test Corrections

Day 10 - Chapter 5 Quiz

Day 10 - Chapter 5 Quiz

Day 9 - Review for Chapter 5 Quiz

Day 9 - Review for Chapter 5 Quiz

• Take this practice quiz

Day 8 - Purchasing, Freight, and Other Topics

Day 8 - Purchasing, Freight, and Other Topics

Prepare Notes on the following topics

• Purchase Transactions
• Purchases (perpetual system)
• Purchases Discounts
• Purchases Returns and Allowances
• debit memorandum
• creditor
• Freight
• FOB
• shipping point
• destination
• delivery expense
• Sales Tax and Trade Discounts
• Sales Taxes
• Trade Discounts
• Adjusting and Closing Process
• Adjusting for Shrinkage
• Closing Entries
• Ratio of Net Sales to Assets

Day 7.5 - Sales Ledgers and Transactions

Day 7.5 - Sales Ledgers and Transactions

Prepare Notes on the following topics:

• Sales Ledgers
• Subsidiary Ledger
• A/R
• A/P
• Inventory
• General Ledger
• Controlling Account
• Sales Transactions
• Cash Sales (don’t forget Cost of Goods Sold)
• Clearing Houses
• Sales on Account
• Sales Discounts
• invoice
• credit terms
• credit period
• Sales Returns and Allowances
• credit memorandum