AccountingLesson1 StudentResource 061713 1 1 
AOF Principles of Accounting
Lesson 1
Course Introduction
Student Resources
Student Resource 1.1
Anticipation Guide:
Principles of Accounting
Student Name:____Shakilah Liburd________________Date:___9/4/14________
Welcome to the AOF Principles of Accounting course! Over the next few months you’ll learn a great deal about the accounting function. You will learn that accounting has become the language of business as it is the way resources and resource changes are recorded in an organization. Accounting explains what resources you have and how you acquired them. Accounting plays an important role in the everyday operations of a business and provides the information in high-stakes decision making and analysis. Moreover, accounting can be as fun as it is financially rewarding.
This is a hands-on course. That means that you’ll not only learn facts and concepts, but also have lots of opportunities to practice what you learn. You’ll also get to meet and interview a number of professionals in the field. You’ll explore career opportunities and the professional certifications and designations in the accounting professions.
Directions: For each of the statements below, underline “I agree” if you think the statement is accurate or “I disagree” if you disagree with it. Write one reason to explain your guess.
Accounting is a process of providing data and information that helps both internal and external stakeholders.
My guess:
I agree I disagree
My reason:
I agree because accounting deals with data.
I learned:
There are many different types of financial reports, each showing a different aspect of the financial condition of an organization.
My guess:
I agree I disagree
My reason:
I agree because the different reports show different aspects of accounting.
I learned:
An example of a financial statement is “XYZ Corporation was profitable during fiscal year 2012.”
My guess:
I agree I disagree
My reason:
I disagree because it doesn’t
Lesson 1
Course Introduction
Student Resources
Student Resource 1.1
Anticipation Guide:
Principles of Accounting
Student Name:____Shakilah Liburd________________Date:___9/4/14________
Welcome to the AOF Principles of Accounting course! Over the next few months you’ll learn a great deal about the accounting function. You will learn that accounting has become the language of business as it is the way resources and resource changes are recorded in an organization. Accounting explains what resources you have and how you acquired them. Accounting plays an important role in the everyday operations of a business and provides the information in high-stakes decision making and analysis. Moreover, accounting can be as fun as it is financially rewarding.
This is a hands-on course. That means that you’ll not only learn facts and concepts, but also have lots of opportunities to practice what you learn. You’ll also get to meet and interview a number of professionals in the field. You’ll explore career opportunities and the professional certifications and designations in the accounting professions.
Directions: For each of the statements below, underline “I agree” if you think the statement is accurate or “I disagree” if you disagree with it. Write one reason to explain your guess.
Accounting is a process of providing data and information that helps both internal and external stakeholders.
My guess:
I agree I disagree
My reason:
I agree because accounting deals with data.
I learned:
There are many different types of financial reports, each showing a different aspect of the financial condition of an organization.
My guess:
I agree I disagree
My reason:
I agree because the different reports show different aspects of accounting.
I learned:
An example of a financial statement is “XYZ Corporation was profitable during fiscal year 2012.”
My guess:
I agree I disagree
My reason:
I disagree because it doesn’t