The Course Project Consists Of 10 Requirements For You To Co

The Course Project Consists Of 10 Requirements For You To Complete Th

The Course Project consists of 10 requirements for you to complete. The Course Project is due at the end of Module 9. There are eight worksheets in the workbook you will need to complete, including a list of March transactions and a Chart of Accounts reference sheet. A grading rubric is provided to clarify expectations. Each worksheet has embedded check figures as comments. In this module, you will submit Milestone 1, which includes requirements 1-3, using the same workbook for all three milestones. You do not need to download a new copy for Milestones 2 or 3. When you submit Milestone 3, all sheets in your workbook should be completed.

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The primary objective of this course project is to develop comprehensive accounting skills through practical application using a detailed workbook. The project guides students through a multi-stage process of recording, analyzing, and verifying financial transactions, culminating in a thoroughly completed workbook submitted at the end of Module 9. The emphasis is on accuracy, attention to detail, and understanding of core accounting principles.

Initially, students are tasked with completing the first three requirements, which involve recording specific transactions from the month of March, referencing the provided list of transactions. These initial steps lay the foundation for understanding how individual transactions affect financial statements. The completion of these early requirements requires careful attention to detail, ensuring that each entry is correctly recorded in the appropriate worksheets according to standard accounting procedures.

The workbook includes eight worksheets, each designed to mirror real-world accounting tasks, such as journal entries, ledger postings, trial balances, and financial statements. Embedded check figures serve as a built-in verification mechanism, prompting students to review their work for accuracy and consistency. The check figures appear as comments within each worksheet, guiding students to identify errors and correct them during the completion process. Mastery of these verification points is essential for developing reliable financial reports.

Throughout the project, students are encouraged to utilize the Chart of Accounts reference sheet to maintain consistency and proper classification of transactions. The reference sheet provides standardized account names and numbers, ensuring uniformity across all worksheets. This consistency is crucial for generating accurate and meaningful financial reports that adhere to best practices in accounting.

The project is designed to be completed in three milestones, with the first milestone submitted during this module. For Milestone 1, students will focus solely on the first three requirements, which involve proper recording, initial posting, and verification of transactions from March. Students will continue to work within the same workbook for all subsequent milestones. There is no need to download new files at each stage, which encourages ongoing work and iterative review.

When students reach Milestone 3, they are expected to have fully completed all eight worksheets, resulting in a comprehensive and accurate reflection of the entire accounting cycle for the period. This includes ensuring all check figures confirm the correctness of the entries and that the financial statements are properly derived from the underlying data. The final submission demonstrates proficiency in handling basic accounting tasks, understanding transaction flow, and producing reliable financial documents.

References

• Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2021). Financial Accounting (11th ed.). Wiley.
• Alexander, D., & Britton, A. (2018). Financial Accounting (8th ed.). Cengage Learning.
• Schroeder, R. G., Clark, M. W., & Cathey, J. M. (2019). Financial Accounting Theory and Analysis (12th ed.). Wiley.
• Gibson, C. H. (2018). Financial Reporting and Analysis (13th ed.). Cengage Learning.
• Henderson, M., & Strebel, P. (2020). Accounting Principles (13th ed.). McGraw-Hill Education.
• Institute of Management Accountants. (2022). Management Accounting Principles. IMA Publications.
• American Institute of CPAs. (2021). Audit and Accounting Guide. AICPA.
• Berry, S. (2019). Understanding Financial Statements. Oxford University Press.
• Stice, J. D., Stice, E. K., & Stice, J. P. (2019). Financial & Managerial Accounting. Cengage Learning.
• Robertson, R., & Denzler, R. (2020). Practical Accounting Workbook. Pearson.