HSM 260 Week 1 CheckPoint Definition Scavenger Hunt
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CheckPoint: Definition Scavenger Hunt
Define each of the following basic accounting terms in your own words by finding sources on the Internet.
Provide the URL that supports the definition you have created for each item.
GAAP
Basic accounting formula
Transaction, t-account
General ledger
Debit
Credit
Account balance
Trial balance
Journal
Assets
Liabilities
Net assets
Accounts receivable
Accounts payable
Revenues
Post your definitions as a Microsoft® Word attachment.
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HSM 260 week 1 DQ 1 and DQ 2
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How does the statement of functional expenses differ from the statement of activities? What is the difference between a revenue center and an expense center as it relates to a human service organization? Why do you need to know this information as an employee in a human service organization?
What are the financial management issues that human service organizations face? Is it important for all of a human service organization’s staff, not just the financial experts, to understand financial management? Why?
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HSM 260 Week 2 Assignment Personal Balance Statement (Appendix C)
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Assignment: Personal Balance Statement
Read the background information provided in Appendix B.
Complete the personal balance statement template provided in Appendix C based on your understanding of the information in Appendix B.
Post your Appendix C as a Microsoft® Excel attachment.
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HSM 260 Week 2 CheckPoint Accrual Method
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