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Basic Accounting

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The objective is to deliver a flexible learning option to assist U of C staff to develop accounting skills appropriate to their university assigned role or tasks. Through completing this course, you should gain or confirm basic accounting knowledge. This knowledge should assist in understanding transactions you perform within PeopleSoft. This course package is designed to provide you with the basics of using the Lyryx Interactive Financial Accounting learning tool as well as provide the U of C equivalencies to the information delivered through this course.
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  • Added: February, 13th 2010
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  • Tags: basic accounting knowledge, register, accounting skills, instructions, activity
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  • Name: shinta
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by laths on September 21st, 2010 at 06:11 am
skills appropriate to their university assigned role or tasks.
Through completing this course, you should gain or confirm basic accounting knowledge. This
knowledge should assist in understanding transactions you perform within PeopleSoft.
This course package is designed to provide you with the basics of using the Lyryx Interactive
Financial Accounting learning tool as well as provide the U of C equivalencies to the information
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Content Preview









Basic Accounting


Course Package
To complement the
Lyryx Interactive Financial Accounting course


Offered by Instructional Services and Application Support







Version 2.0
February 2009


Instructional Services and Application Support
Table of Contents


1. Getting Started ................................................................................................ 3

How to Register ................................................................................................. 3
Confirmation....................................................................................................... 4
Logging In .......................................................................................................... 4
Accessing the Content ....................................................................................... 5
Study Timeline ................................................................................................... 5

2. What to Study .................................................................................................. 6

Objectives .......................................................................................................... 6
What to Study .................................................................................................... 6
Study Hints and Examples of Completed Exercises .......................................... 7
Instructions...................................................................................................... 7
Feedback ........................................................................................................ 9

3. Financial Statements .................................................................................... 12
Complements Chapter 2, Units 2.1 and 2.5

Income statements and balance sheets ........................................................... 12
Trial balances................................................................................................... 12

4. University of Calgary ChartFields ............................................................... 13
Complements Chapter 3, Unit 3.2

5. Debits and Credits ........................................................................................ 14
Complements Chapter 3, Unit 3.2

6. Journals ......................................................................................................... 15

7. Accounting Information Systems ................................................................ 17

8. Support .......................................................................................................... 17


*Remember: This course is not designed to train you on how to enter
a transaction into PeopleSoft. Please look at our General Ledger
course offerings for system step training.

Basic Accounting (v2.0 – February 2009)
2

Instructional Services and Application Support
1. Getting Started

How to Register

1. Go to
https://login.lyryx.com


2. Click on the Students
Registration button.














3. Fill in all of the
information.

For Student Number,
use your UCID.

For Educational
Institution, select
University of
Calgary
.




Remember the
Username &
Password you create!




4. Click the Next button.











Basic Accounting (v2.0 – February 2009)
3

Instructional Services and Application Support



5. Specify the course you are
registering for by selecting the
following…

Session: Anytime

Course: Basic Accounting for
U of C Staff


Section: U of C

6. Please ask the instructor for
the PIN Code.

7. Click the Next button

8. On the next page, click the Register button.

9. On the next page, click the Close button.

Confirmation
Along with the instant registration confirmation, you will also receive a confirmation email like this:




Logging In

1. Go back to https://login.lyryx.com.

2. Enter your username and password.

3. Click Log in.

Basic Accounting (v2.0 – February 2009)
4

Instructional Services and Application Support



Accessing the Content

Once you have logged in, click on the course title under ‘Current Courses’ to access the course
content.




Study Timeline

Your course will run for 6 weeks. The course content is delivered through the Lyryx online tool
and study is self-paced. There will be 3 in-person lab sessions during the 6 weeks: one at the
beginning of the course, one in the middle and one session at the end of the course. You can
work through the material at your own pace; however, we recommend that you keep to this
schedule:

Week 1: Chapter 1
Weeks 2 & 3: Chapter 2
Weeks 4 & 5: Chapter 3
Week 6: Chapter 8 (Unit 8.1 only)
Basic Accounting (v2.0 – February 2009)
5

Instructional Services and Application Support


2. What to Study

Objectives

The objective is to deliver a flexible learning option to assist U of C staff to develop accounting
skills appropriate to their university assigned role or tasks.

Through completing this course, you should gain or confirm basic accounting knowledge. This
knowledge should assist in understanding transactions you perform within PeopleSoft.

This course package is designed to provide you with the basics of using the Lyryx Interactive
Financial Accounting learning tool as well as provide the U of C equivalencies to the information
delivered through this course.


What to Study

You should study:

Chapter 1
Chapter 2
Chapter 3
And
Chapter 8, Unit 8.1 ONLY

**There are 20 chapters available to study. This course will ask you to study only the first 3
chapters, plus the first unit in chapter 8.

Study
Chapters 1,
2, and 3

Study
Chapter 8,
Unit 8.1

Basic Accounting (v2.0 – February 2009)
6

Instructional Services and Application Support
Study Hints and Examples of Completed Exercises

Instructions

The course will provide exercises (‘Exploration’), Labs, and Quizzes to perform within or at the
end of each unit or chapter. It is important to read the instructions for the Exploration, Lab or
Quiz.

Exploration: Can be done as many times as you wish
Lab: Can be done as many times as you wish
Quiz: Can be done ONLY 1 TIME and is OPTIONAL


Where to find Explorations, Labs and Quizzes

Exploration and Lab

Exploration
and
Lab




Quizzes:
Take a quiz if you wish a further challenge

Quizzes are
at the
bottom of
the chapter
list.

Basic Accounting (v2.0 – February 2009)
7

Instructional Services and Application Support


In an Exploration, the instructions can be found at the top right hand of the page:





In Labs and Quizzes, the instructions come before the activity:
Instructions


Activity
Submit button


These exercises and activities can be challenging because they require
a high attention to detail.

Read the instructions carefully.

If you are struggling to complete the exercise and do not know what to enter, submit the
exercise, review the feedback and answer, then try again. The system will automatically
generate a new problem with new data.
Basic Accounting (v2.0 – February 2009)
8

Instructional Services and Application Support
Feedback

The system provides feedback, ranging from the simple to the detailed.

In an Exploration, as you fill in fields, you will get Correct or Incorrect messages:







In a Lab or a Quiz, you need to click the Submit button before the system will check your
answers.

**You cannot click Submit, check your answers and progress on the problem so far, and then
continue with the same problem. You can try the Lab again, but the system will generate a new
problem for you. Remember, you can only try a Quiz one time; once you click submit you cannot
try again!

The system provides detailed feedback once you submit your answers.

Review the screenshots on the next page to see what type of feedback you might receive.


Basic Accounting (v2.0 – February 2009)
9

Instructional Services and Application Support

Solution and Feedback:


Basic Accounting (v2.0 – February 2009)
10

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