Financial Accounting, Student Value Edition (4th Edition)
4th Edition
ISBN: 9780134114811
Author: Robert Kemp, Jeffrey Waybright
Publisher: PEARSON
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Chapter 2, Problem 5SE
Accounting terminology (Learning Objectives 2, 3, & 4) 5-10 min.
Demonstrate your knowledge of accounting terminology by filling in the blanks to review some key definitions.
Dillon Baker is describing the accounting process for a friend who is a psychology major. Dillon states, “The basic summary device in accounting is the _______. The left side of an account is called the _______ side, and the right side is called the _______ side.
We record transactions first in a _______. Then we post, or copy, the data to the _______. It is helpful to list all the accounts with their balances on a _______ _______.”
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Please respond to the following questions based upon these course objectives:
Describe the three functions of accounting
• Apply the accounting vocabulary
• Record various business transactions in accordance with generally accepted accounting principles.
Complete the steps of the Accounting Cycle.
• Analyze the basic financial statements
Please answer the following questions with supporting examples and full explanations.
1. For each of the learning objectives, provide an analysis of how the course supported each objective.
2. Explain how the material learned in this course, based upon the objectives, will be applicable to the professional application.
For elementary accounting class
HOW EACH THEORIES APPLIED IN TEACHING ACCOUNTING. PLEASE DO NOT COPY THE ANSWER OF OTHER TUTOR HERE BECAUSE I'M NOT SATISFIED WITH THEIR ANSWERS.
Theories
Proponent
What is the theory about?
How is it applied in teaching accounting?
Behaviorism
John Watson and B.F Skinner
Behaviorism is a learning theory that claims that all human actions are learned via conditioning. According to Skinner, behaviorism could be explained as a learning process whereby a person learns to acknowledge a stimulus, which causes and response, and the response is then reinforced. This finally leads to conditioning one's behavior. Thus behaviorism is a learning process through conditioning of the stimulus, along with reward and punishment. Watson on the other hand focuses on the external behaviors of a man. He held that the only indication of a person's internal state came from their physical reactions. In conclusion, behaviorism emphasizes how interactions with the environment help people learn new…
Chapter 2 Solutions
Financial Accounting, Student Value Edition (4th Edition)
Ch. 2 - The order in which assets were listed and...Ch. 2 - Prob. 2DQCh. 2 - How is revenue related to retained earnings?Ch. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Prob. 6DQCh. 2 - Prob. 7DQCh. 2 - Distinguish between journalizing and posting.Ch. 2 - True or false: If the trial balance is in balance,...Ch. 2 - When it is time to prepare the financial...
Ch. 2 - Which sequence of actions correctly summarizes the...Ch. 2 - Prob. 2SCCh. 2 - Prob. 3SCCh. 2 - Prob. 4SCCh. 2 - Prob. 5SCCh. 2 - Which journal entry records obtaining a bank loan...Ch. 2 - RV Wholesale, Inc., paid 1,200 for supplies and...Ch. 2 - Prob. 8SCCh. 2 - Prob. 9SCCh. 2 - Prob. 10SCCh. 2 - Prob. 11SCCh. 2 - Prob. 12SCCh. 2 - Prob. 1SECh. 2 - Prob. 2SECh. 2 - Prob. 3SECh. 2 - Prob. 4SECh. 2 - Accounting terminology (Learning Objectives 2, 3, ...Ch. 2 - Effects of debits and credits on accounts...Ch. 2 - Balancing accounts and normal balances (Learning...Ch. 2 - Types of accounts and effects of debits and...Ch. 2 - Prob. 9SECh. 2 - Journalizing transactions (Learning Objective 3)...Ch. 2 - Prob. 11SECh. 2 - Prob. 12SECh. 2 - Prob. 13SECh. 2 - Accounting terminology (Learning Objectives 1, 2,...Ch. 2 - Prob. 15AECh. 2 - Journalizing transactions (Learning Objective 3)...Ch. 2 - Prob. 17AECh. 2 - Prob. 18AECh. 2 - Prob. 19AECh. 2 - Prob. 20AECh. 2 - Prob. 21AECh. 2 - Prob. 22AECh. 2 - Prob. 23BECh. 2 - Prob. 24BECh. 2 - Prob. 25BECh. 2 - Prob. 26BECh. 2 - Prob. 27BECh. 2 - Prob. 28BECh. 2 - Prob. 29BECh. 2 - Prob. 30BECh. 2 - Prob. 31APCh. 2 - Prob. 32APCh. 2 - Prob. 33APCh. 2 - Prob. 34APCh. 2 - Prob. 35APCh. 2 - Prob. 36APCh. 2 - Prob. 37BPCh. 2 - Prob. 38BPCh. 2 - Prob. 39BPCh. 2 - Prob. 40BPCh. 2 - Prob. 41BPCh. 2 - Prob. 42BPCh. 2 - Prob. 1CECh. 2 - Prob. 1CPCh. 2 - Prob. 1CFSAPCh. 2 - Prob. 1EIACh. 2 - Prob. 2EIACh. 2 - Prob. 1FACh. 2 - Prob. 1IACh. 2 - Prob. 1SBACh. 2 - Prob. 1WC
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