Understanding Accounting
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ACC 300 · Meeting 1 · Tue 9/1

From transaction to trial balance

Transactions flow into the unadjusted trial balance. Equal debit and credit totals can still hide missing or incorrect entries.

The first meeting begins with course logistics, then follows a transaction into an automated accounting system and through the trial balance. Students learn the mechanics they need to verify system output and investigate exceptions.

Date
Tue 9/180 minutes
Reading
Chapter 1: From the event to the trial balance (read by next class) Optional Kieso equivalent: Chapter 2, sections 2.1-2.2, pages 2-2 through 2-23
Engagement points
Not scoredNo iClicker questions counted
Resources

Slides and downloads

View the slides online, or download the PDF for offline reading or printing.

Slides PDF 158 KB

Lecture

Watch this meeting

16 min 45 slides Watch on YouTube Download the recording (31 MB) Captions

Lecture playlist Subscribe on YouTube

The slides of this meeting's deck, each held for as long as the narration over it runs. Read by a speech synthesizer; every line was transcribed back and checked against its script before it was kept.

Deadline

Upcoming deadline

iClicker registration, rust check, and syllabus and technology check due Wed 9/2, 11:59 PM

Before class

What to do before class

  1. Nothing is due before this class.
  2. Bring the phone or other device you use for iClicker.
In class

What we will do in class

  • Review the course structure, first-week deadlines, and class engagement rules.
  • Refresh account types and the debit and credit rules from introductory accounting.
  • Record transactions and trace them through the journal, ledger, and trial balance.
  • Identify what equal trial balance totals can show and which errors they can miss.
After class

Assigned reading and deadlines

Solutions to the in-class problems post to D2L after the meeting.

  1. Read Chapter 1: From the event to the trial balance after this meeting and before the next class.
  2. Register for the iClicker course for your section by Wednesday, September 2 at 11:59 PM. Thursday is the first scored meeting.
  3. Complete the 5-point rust check by Wednesday, September 2 at 11:59 PM. You have 1 attempt. Answer from memory without notes, readings, websites, artificial intelligence (AI) tools, or help from another person. Credit is based on completion.
  4. Complete the syllabus and technology check in D2L by Wednesday, September 2 at 11:59 PM.
  5. Submit your private introduction slide by Friday, September 4 at 11:59 PM.

Optional: Chapter 1 links to refresher lessons. Practice Chapter 1 by topic if you want more questions. Use as much or as little of that material as you find helpful.