ASSIGNMENT

create a CONCEPT MAP. Your concept mapping project will essentially be the most important accounting concepts . Your map can be presented in whatever manner you feel is best. Your map should include the following:

Creativity

Conceptual Understanding

Clarity of the map

Please feel free to also use images, words, formulas or diagrams in your concept map

Here are the criteria to fulfill for a successful course map:

Creativity/Composition Utilize the different Microsoft tools for creating a good composition and presentation

Accuracy of Observation and Perspective Explanation of each concept, definition, interpretation (what does it mean), and application (how does it apply to a business in the way that an organization is affected by the concept).

Clarity/Craftsmanship Careful placement of each concept and visualization of how one concept works with another (example accounting cycle)

Value and Contrast using a variety of colors and examples to properly explain how a concept is used in accounting and how it important it is in business.

Please see sample images of concept maps on the internet and choose a format of your choice.

Here are the concepts to use for the map:

1. The balance sheet.
2. The trial balance and preparation of financial statements.
3. Preparing the trial balance.(step 4 of the accounting cycle)
4. The worksheet.(step 5 of the accounting cycle)
5. Closing entries.(step 8 of the accounting cycle)
6. The bank reconciliation process.
7. Preparing a payroll register and maintaining an employee earnings record.
8. Journalizing transactions for a perpetual inventory system.
9. Purchases and cash payments in a perpetual inventory system.
10. Cash payments transactions and schedules of accounts payable.