Consolidation Accounting Program (CAP) is a unique 24/7 virtual consolidation tutor software for students. CAP enables students to gain knowledge of, and become proficient in preparing, consolidation accounting adjustments for two-level group structures, at their own pace.
Using a spreadsheet matrix approach, the program provides a learning environment for students to devise the elimination and other journal adjustments needed in the preparation of accurate consolidated financial reports. Primary emphasis is on the debits and credits involved in the process, with secondary emphasis placed on how the journal entries are reflected in a consolidation worksheet.
In broad outline, CAP generates and displays financial data for two legal entities – a parent entity (P Ltd) and a subsidiary entity (S Ltd). Using the data provided (income appropriation worksheet, balance sheet worksheet, acquisition details and additional information), students devise the consolidation adjustments needed to prepare consolidated financial reports for the economic entity (the PS group). As students input and post each adjustment in the consolidation journal matrix, CAP will automatically update the consolidation worksheets.
Audience: Students of Corporate Accounting and Financial Accounting.
WHAT STUDENTS ARE SAYING
“The explanations and feedback options allow for easy understanding of difficult topics”
“I now understand how to consolidate accounts”
“Has helped me understand consolidation accounting better than using a textbook alone”
“Taught me the majority of what I know about the consolidation adjustment process”
“I would highly recommend it to anyone wishing to study Consolidations”
Included on this disk
· Read Me First file
· End User Licence Agreement file
· Setup file
· User Notes file
It is strongly recommended that you read the Read Me First document, and also the End User Licence Agreement, prior to installing the program.
Operating system : Microsoft Windows 2000 or higher
CPU : Pentium 166 MHz or higher
Memory : 64 MB (128 MB or higher recommended)
Display : SVGA 1024 x 768 16-bit color
Hard disk : Installation: 10 MB or more free space
CD-ROM Drive : Highly recommended
What makes CAP special is its underlying educational philosophy and orientation.
1. CAP is an interactive learning tool developed specifically for accounting students. Purpose-built learning and teaching software, CAP imparts fundamental accounting knowledge and skills while providing a more efficient and more effective, learning platform than proprietary commercial accounting software that has been adapted for student use.
2. CAP randomly generates an unlimited number of unique, practical and tailor-made case studies for students to solve, each with its own unique solution.
3. In case mode, students can access feedback at any time in the form of detailed case solutions and detailed explanation screens.
4. Students choose the type of case study they wish to work on. Once they have nominated their preferred case options, CAP will generate a case study within the specified parameters.
5. CAP generates an assessment summary for the case studies already worked on and allows students to save unfinished work which they can resume at a later stage.
CAP allows students to develop their knowledge and skills at their own pace, in a highly efficient and effective manner. It does this by promoting positive learning outcomes, and by making allowance for students’ particular learning style and preferences; they work through procedural problems at their own pace, at varying levels of difficulty and at times of their choosing. Students are thereby able to refine their knowledge, skills and techniques in a non-threatening educational environment. In short, CAP empowers students to take control over their own learning process.
John Lourens (BBus(Acc)(CIT) DipEd (SCVH) GradDipAcc&Fin (CIT) MAdmin(Mon) PhD(Mon)) is a senior lecturer at Swinburne University where he teaches corporate accounting and accounting theory.
He is a career teacher and academic with considerable teaching experience across a range of institutions in the secondary education, TAFE, and university sectors. His passion is research into the teaching and learning aspects of education. John is strongly committed to the values and ideals of professional accounting, and is dedicated to the preparation and training of high quality and high calibre professional accountants.
Notwithstanding his allegiance to, and ongoing links with, Australia's largest professional accounting body, CPA Australia, of which he is a Fellow, John describes himself as an accounting teacher rather than a teaching accountant.
John’s research areas and activities include developing interactive software for the training and development of professional accounting students; Ethics and corporate governance in accounting; Financial accounting and standard setting; Theoretical and political aspects of accounting; and the design and implementation of accounting education programs and curricula.