Fundamentals of Financial Accounting Tutorial, 1e

by Cambridge Business Publishers

ISBN: 978-1-61853-133-9 | Copyright 2015


Fundamentals of Financial Accounting Tutorial

Our Fundamentals of Financial Accounting Tutorial is designed to familiarize students with the building blocks of financial accounting; including the basic construction of financial statements, reporting and analyzing cash flows, and analyzing and interpreting financial statements. As financial accounting is intensively cumulative, it is critical that students develop a solid understanding of the fundamentals before moving on to more difficult concepts including analysis, interpretation, and decision making.


The Fundamentals of Financial Accounting Tutorial is intended for use in programs that either require or would like to offer a pre-term tutorial that levels the playing field for students with no prior knowledge of financial accounting. Initially developed as a pre-term tutorial for first year MBA students, this product can be used as a warm-up for any introductory level financial accounting course. It is designed as an asynchronous, self-paced experience for students that have not previously completed a financial accounting course or for students that have taken a course but need a refresher in the fundamentals of financial accounting.


  • Level the playing field in your financial accounting course – This program creates a baseline of financial accounting knowledge for all incoming students, regardless of their academic background.
  • Tailor your financial accounting syllabus - Detailed diagnostic tools help you determine which concepts your students have mastered and which topics you need to review with them. Using the diagnostics, you can customize your instruction to fit their individual needs.
  • Free up valuable class time - Moving coverage of the accounting cycle and other fundamental concepts to our pre-term course frees up valuable class time for more participative learning methods such as class discussions, projects, and real world applications.

Available learning modules

  1. Introducing Financial Accounting (Approximate completion time 2 hours)
  2. Constructing Financial Statements (Approximate completion time 4 hours)
  3. Adjusting Entries and Completing the Accounting Cycle (Approximate completion time 4 hours)
  4. Reporting and Analyzing Cash Flows (Approximate completion time 3 ½ hours)
  5. Analyzing and Interpreting Financial Statements (Approximate completion time 3 ½ hours)

Key Features

  • Flexible structure – the program can be tailored to the needs of your students. Specific modules, eLecture videos, guided examples, practice assignments, and quizzes can be selected or omitted to develop a course that fits your curriculum.
  • Easy to use web-based learning and assessment program - Nothing to download or install; it is accessible through all Web-enabled devices, including tablets, iPads, PCs, desktops, and smartphones.
  • Engages students through a logical learning path – Each module is broken down into manageable “bite size chunks” including:
    1. Downloadable reading material (PDFs)
    2. A series of short 5-8 minute eLectures that explain important concepts
    3. Guided example videos that walk students through representative problems and suggest problem solving strategies
    4. Automatically graded practice assignments that include hints and give students immediate feedback. Each assignment includes two additional, similar problems with different numbers to give students more practice if desired.
    5. An optional quiz feature that can be enabled to ensure that students master the content before moving on to the next topic.

Expand/Collapse All
Module 1: Part 1: Business Activities and Accounting Information (pg. 1-1)
Module 1: Part 2: The Financial Reporting System: Four Key Statements (pg. 1-9)
Module 2: Part 1: Understanding the Balance Sheet (pg. 2-1)
Module 2: Part 2: Analyzing Transactions and Constructing the Balance Sheet (pg. 2-9)
Module 2: Part 3: Understanding the Income Statement (pg. 2-12)
Module 2: Part 4: Accounting for Revenues and Expenses: Constructing the Income Statement and Statement of Stockholders Equity (pg. 2-14)
Module 2: Part 5: Journalizing and Posting Transactions: The Debit/Credit Language (pg. 2-22)
Module 3: Part 1: Introducing the Accounting Cycle (pg. 3-1)
Module 3: Part 2: Adjusting Entries: Accounting for the Passage of Time (pg. 3-9)
Module 3: Part 3: Using the Accounting Structure for Analysis (pg. 3-17)
Module 3: Part 4: Preparing Financial Statements and the Closing Process (pg. 3-19)
Module 4: Part 1: Understanding the Statement of Cash Flows (pg. 4-1)
Module 4: Part 2: Converting Revenues and Expenses to Cash Flows from Operating Activities (pg. 4-6)
Module 4: Part 3: Preparing the Statement of Cash Flows: Operating Activities (pg. 4-15)
Module 4: Part 4: Preparing the Statement of Cash Flows: Investing and Financing Activities (pg. 4-20)
Module 5: Part 1: Analyzing Common-Size Financial Statements (pg. 5-1)
Module 5: Part 2: Computing and Interpreting Measures of Return on Investment (pg. 5-6)
Module 5: Part 3: Assessing a Firm's Profitability and Efficiency (pg. 5-10)
Module 5: Part 4: Interpreting the Effect of Financing on Return on Equity (pg. 5-16)
Module 5: Part 5: Analyzing a Firm's Liquidity and Solvency (pg. 5-19)
Self-Study Course
Not all instructors choose to incorporate myBusinessCourse (MBC) into their course. In such cases, students can choose the Self-Study option for MBC. The Self-Study option provides most of the learning tools available in the Instructor-Led courses.


  • Module 1 - Introducing Financial Accounting
  • Module 2 - Constructing Financial Statements
  • Module 3 - Adjusting Accounts for Financial Statements
  • Module 4- Reporting and Analyzing Cash Flows
  • Module 5 - Analyzing and Interpreting Financial Statements
  • (eBook is NOT included)
Instructor-Led Course
Are you enrolling in an instructor-led course. Enter the Course ID from your instructor. Have a used copy of the textbook? You can buy just course access.


  • (eBook is NOT included)
Products with this icon are myBusinessCourse products; you will be redirected to when selecting a myBusinessCourse product.