Accounting: Understanding the Validation System

This article is intended for students and instructors.

This article applies only to Praxar's Accounting simulations.

In Praxar’s Accounting simulations, students record key financial information in various sources such as journals, ledgers, and other accounting forms.

To help guide students in identifying and correcting mistakes, the simulation includes a four-attempt validation system. Each attempt provides progressively clearer feedback about potential errors. However, with every new attempt, points are deducted from the total possible score.

How the Validation System Works

 First Attempt

• Any forms containing errors (e.g., Journal, Ledger) will be highlighted.

• A notification will appear at the top of the affected form, but the specific error location will not be shown.

• Each error results in point deductions.

 Second Attempt

• The specific location of the error within the form will be highlighted.

• Each remaining error results in additional point deductions.

 Third Attempt

• A tooltip appears directly over the error, providing a short explanation to help students understand what went wrong.
  

• Each remaining error results in additional point deductions.
  

 Fourth Attempt

• The correct answer is automatically filled in at the error location(s).

• Any remaining errors result in point deductions.

Why do the red indicators stay even after I fix my entry?

Those red markers show where errors were found during your previous attempt. They do not disappear immediately when you make corrections. They will clear only after you go to the Validation tab and confirm your new attempt.

Why This System Exists

This validation method encourages students to:

• Identify and understand their mistakes rather than guessing.

• Learn correct accounting procedures step by step.

• Stay on track, since unresolved errors will not block progress in the simulation.
  

Need help with rounding? Go to your References section and select Other Accounting Practices. You’ll find detailed guidelines there on how to round decimals correctly.

Not sure how to complete the exercises? Take another look at the Tutorials for a quick refresher.

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