Wednesday, November 3, 2010

Professor in a Box: Financial Accounting (review)

Professor in a Box is exactly what it sounds like: a professor teaching my teen a subject with which I am not comfortable: “Financial Accounting.” The 4-CD (for the computer) set comes in an oversized CD case with a paper course syllabus and learning objectives by chapter as well as an itemized list of the contents on each disc. The first CD is for the instructor/parent and contains an introduction, a detailed lesson plan, templates for all of the homework problems, demonstrations, quizzes and exams, solutions, and a grading guide.

This is a high school (1 full year, 1 full credit) level math elective aimed specifically towards homeschoolers. Since I have absolutely no business or math thoughts in my head, I was very excited when the package came in the mail. What’s more, my high schooler was also excited (but probably not as much as I was). She reports that “the video lectures, although easy to understand, are a bit on the long side, so it’s a good thing that there aren’t too many of them.” She was thrilled that this particular math program did not come with a hefty textbook and a million problems to solve per lesson. I’m thrilled that all of the answers are on my CD; I might actually be able to handle this math course. Since it is on CDs, it’s reusable. I would definitely recommend this course for high schoolers not wanting to take trigonometry or calculus.

The topics covered include an introduction, financial statements, recording transactions, merchandising, short-term financial assets, inventories, long-term assets, liabilities, stockholders’ equity, cash flows, and financial statement analysis. All of the course content is included in the flash lecture slides and a brief key concepts and terms file for each of the 12 chapters (28 lessons total). These also include demo problems and step-by-step illustrations of how to work through the various types of accounting problems covered.

You can see a sample chapter on the Professor in a Box website as well as FAQs and a link to purchase “Financial Accounting.” The program costs $134.99 and includes free priority shipping via the USPS. That’s not a bad price considering it’s everything you need for a complete high school course.

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Disclosure: I received one or more of the products or services mentioned above for free in the hope that I would mention it on my blog. Regardless, I only recommend products or services I use personally and believe will be good for my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”