Learning Challenge

Learning Challenge

Complete the followings Exercises

At the completion of the following exercises successfully, is an indication of successfully completing AOL1. Congratulations!

Reflection item 1

assessment

Choose the best concepts terms to fill in the spaces

Complete the missing words by filling in the correct ‘concepts terms

  • Accounting Concepts is Rules of Standard whereby Accountants are guided to prepare FinancialStatements
  • When a business operates with the idea of future continuity, this is called Continuity Concepts
  • Where the Business life span is divided into equal periods of time, this is called Accounting period
  • Where there is one standard measurement in all of the Business economic value, this is called Monetary Concepts

[WEquizzes]

Reflection item 2

assessment

Select the best Accounting term

Compelete the following by filling in the missing words

  • Accounting Entity is one example of the AccountingConcepts
  • A simple way to understand Accounting Concepts, is to define Accounting Concepts as Standard Rules

[WEquizzes]

Reflection item 3

Multiple Choice Exercise

assessment

Multiple choice question

Study the list and select the examples of ‘Accounting Concepts

  • Select all that applies to examples of Accounting Concepts ????
    • Continuity Concepts
      • correct. Well done
    • Accounting Entity
      • Correct. Well done
    • Accounting Period
      • Correct. Well done
    • Historical Cost
      • Correct. Well done

[WEquizzes]

Reflection item 4=

Drill Exercise on H5P

activity

H5P exercise

This exercise is an extra drill (not related to the course, however, develops your accounting concepts) using H5P content. Please Enjoy!

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OERu Course Snapshot, updated 15 Aug 2022 09:20:07 GMT from this outline.