Annotated Bibliography

Beta Version Financial Statements Tutorial is to be used with Part 1 of the Week Assignment 6. For more details on the Week 6 Assignment, please click on the Assignments link in the course.

Class,

I worked with the Online Learning Center (OLC) for about three years to create this financial statements tutorial for use with our BUSN 5000 online classes in 2012. We consider this stage of development to be our Beta Version for further testing and use by BUSN 5000 online classes.

This was the first financial statements boot camp tutorial that Webster University produced. I have worked very closely with Teri Portman when she was with the OLC to get to this point. You will notice the tutorial is not supported by audio. Teri points to research that shows that presenting the same information in multiple media (audio narration and identical text, each of which can be understood on its own), can decrease learning and overload the learner’s working memory.

You can access the Financial Statements Tutorial (FST) link at the bottom of the Home Page content list below the Week 9 link. The tutorial may require between 150 and 180 minutes to complete. As you finish Parts 2, 3, and 4 (Income Statement, Cash Flow Statement and Balance Sheet), you will see an Exercise Summary screen that you will be required to capture and submit for Part 1 of the Week 6 Assignment of the course.

For screen data capture instructions (PCs and Macs), please refer to the links at the bottom of the first page of the Financial Statement Tutorial. These instructions are also attached to the Week 6 Assignment in the Assignments link of the course. Please save the screen shot files to your desktop or another hard disk folder. When you submit the Week 6 Assignment due by Sunday night of Week 6, please remember to attach the three exercise summary screen files (the ones with your highest scores!) along with the first-year Income Statement for your business plan. Part 1 (the three screen shot files) is worth 40 points; Part 2 (the income statement file) is worth 40 points.

We recommend that you begin to work on the Financial Statements Tutorial during Week 3 in preparation for Part 1 of the Week 6 Assignment to get an early start and create screen data captures for the Exercise Summary screens noted above.

You can answer the questions in each part more than one time, which means you should remember to attach the screen shot files for your highest scores when you submit the Week 6 Assignment.

If you decide to redo any tutorial module (e.g., the Income Statement) to achieve a higher score, you must start over (i.e., access the module from the window that shows all the module links). Doing this allows the individual module to reset so you can earn a new score for the summary screen for that part. Also, do not use the Back icon because the Exercise will count your answers incorrect. Make sure you only use the Next icon to advance to a new slide.

You should also keep in mind that the multiple-answer questions (Exercise questions 3 and 4 in the Income Statement Part, Exercise question 1 in the Cash Flow Statement Part, and Exercise Questions 3 and 4 in the Balance Sheet Part) are randomized; therefore, the correct answer order may change each time you restart an Exercise part.

When entering dollar values in the tutorial, use the $x,xxx format without cents values. If you have a negative amount, please use parentheses around the value. The tutorial will not recognize the minus sign. Finally, when there are multiple dollar value entries required for a slide, you must get all the answers correct to receive the credit for that question.

Typo in Part 3: Cash Flow Statement Exercise: Slide 31: The second line at the top of the screen incorrectly states that the beginning cash balance is 0 (zero). Please disregard this line. The correct beginning cash balance for the company is $25,500.

In previous versions, we had the slides advance automatically, but many students asked that we change to a manual advance mode. Please click on the Next button near the bottom of the slide to advance to the next slide. After you complete entering information for an exercise question, please use the slider bar forward arrow below the slide/screen to advance to the next slide/screen.

The Exit icon at the end of the FST parts is currently not working. We recommend that you use the Home Page icon for now to exit each part and then return the FST launch page via the FST link on the Home Page. Sorry about the inconvenience.

Note: When you submit the Week 6 Assignment, you must attach the three Exercise Summary screen shot files for Part 1 and your business plan’s first year Income Statement for Part 2 of the assignment with that submission. You should not submit the assignment parts separately.

Please share your feedback about the tutorials and lessons provided by completing the Survey at the end of the tutorial page. The survey should take less than 10 minutes of your time and the information you provide will improve the learning experience. Thanks for your help.