Electronic Cloud Version Systems Understanding Aid, 1st edition

The Electronic Cloud Version of the Systems Understanding Aid (E-SUA), 1^st Edition by Arens, Ward, Bay, and Drum, is a cloud-based version of our most popular accounting supplement, the Systems Understanding Aid (SUA), 10^th Edition by Arens and Ward. Like the SUA, the E-SUA is a comprehensive accounting practice set that includes flowcharts, realistic business documents, and internal controls. The E-SUA combines the hands-on learning approach of the SUA with cloud-based convenience to help students understand basic business documents and visualize information flow in the accounting process. The E-SUA is designed for use in AIS, financial accounting, auditing, and capstone courses.

The E-SUA was designed to help students:

• - understand flowcharts, documents, records, internal controls, and their role in the accounting process.
• - see the big picture of accounting by completing all phases of an accounting project.
• - understand accounting transactions and their relationship to financial statements.
   

In this 15-20 hour online project, students will:

1. - electronically complete all documents and records in the cloud based on instructions and flowcharts.

• - use the transactions data to prepare entries in appropriate journals and individual postings to the general and subsidiary ledgers.
• - perform internal control procedures indicated on the flowcharts.
• - prepare adjusting entries in the general journal and post journals to general and subsidiary ledgers.
• - prepare an income statement, balance sheet, and statement of cash flows.
• - prepare a bank reconciliation.
• - prepare a monthly accounts receivable statement.
• - prepare reports of accounts receivable aging, accounts payable, and fixed assets.
• - file all completed E-SUA documents and records as indicated in the flowcharts.