For each of the levels below, users should go through the appendices and quizzes for each chapter. Users of the corporate version should also go through the problem sets that accompany the corporate version.

• Target audience: Level I covers the first 2-3 weeks of a basic accounting course and is ideal pre-reading for students with no accounting background.
• Chapters covered: Chapters 1 - 11.
• Concepts covered: Introduction to financial reporting and the accrual method including the logic underlying the recognition and matching concepts, elements of the accounting cycle. No coverage of the cash-flow statement.
• Time required: 10-15 hours.

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• Target audience: Level II is a self-contained course in basic financial accounting and can also be used as a pre-course reading for a corporate financial reporting course or an introductory financial statement analysis course for students with no accounting background.
• Chapters covered: Level I plus 12-18, 22-23, first half of 27, first half of 28, most of chapter 31, and 51.
• Concepts covered: Level I plus period costs, long-term assets, compound interest, accounting for interest, and the cash-flow statement. The three problems included in chapter 51 (slides for basic practice) review the concepts covered in the course.
• Time required: 25-35 hours without the problem sets, 40-50 hours with the problem sets.

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• Target audience: Level III is also a self-contained course in financial accounting and an excellent review before an introductory financial statement analysis course for those who have some accounting background.
• Chapters covered: Level II plus 19-21, 24, 32.
• Concepts covered: The main enhancement over level II is extensive coverage of time value of money and bonds and the basics of financial statement analysis.
• Time required: 40-45 hours without the problem sets, 65-80 hours with the problem sets.

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• Target audience: Level IV is a comprehensive coverage of all topics in a high-quality MBA-level financial accounting course and prepares students for a financial statement analysis course.
• Concepts covered: The main enhancement over level II is coverage of leases, deferred taxes, available-for-sale securities, and intercorporate investments.
• Chapters covered: The entire software.
• Time required: 55-60 hours without the problem sets, 80-100 hours with the problem sets.

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