WHITEPEAK CORPORATION.pptVIP

* WHITEPEAK CORPORATION Welcome to a Demonstration of A Computer Graded Financial Accounting Simulation to be Used in Conjunction with Kieso and Weygandt’s INTERMEDIATE ACCOUNTING, 9th Edition Tim M. Lindquist, Ph.D. Associate Professor of Accounting The University of Northern Iowa Ron J. Abraham, MBA, CPA Assistant Professor of Accounting The University of Northern Iowa Next Slide 1 of 35 What this Demonstration Will Show You: What is Whitepeak Corporation? Topics Covered in the Whitepeak Simulation. A Sample End of Chapter Illustration. What Makes Whitepeak so Unique? A Walk Through Whitepeak: To Start Recording Answers Grading Answers Student SELF-GRADER. Instructor MASTER-GRADER. NEW Network Grader! If the Student Still Doesn’t Understand Tracking Student Progress Benefits of Whitepeak. Wrap Up. Next Slide 2 of 35 Previous Setup What is Whitepeak Corporation? Whitepeak is a computerized financial accounting simulation that is based on a fictional conglomerate specializing in the ski industry gives students practice in the role of professional accountant for the Whitepeak conglomerate applies concepts covered in the Intermediate I and II sequence covers in 20 modules: accounting entries year-end adjustments error corrections preparation and analysis of financial statements is tied to chapters in Kieso and Weygandt’s Intermediate Accounting 9/e. The next screen shows a complete list of topics covered in the Whitepeak simulation. Next Slide 3 of 35 Previous Topics Covered in the Whitepeak simulation include: Module 1 RECEIVABLES Module 2 INVENTORIES: MOVING-AVERAGE Module 3 INVENTORIES: LCM ADJUSTMENT and DOLLAR-VALUE LIFO Module 4 INTEREST CAPITALIZATION Module 5 NON-MONETARY EXCHANGES Module 6 DEPRECIATION Module 7 INTANGIBLES and RESEARCH DEVELOPMENT Module 8 CURRENT LIABILITIES Module 9 LONG-TERM LIABILITIES (BONDS) Module 10 IMPAIRMENT OF RECEIVABLES Module