Problems: Chapter One

 

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Basic
 
Problem
Worksheet
Combined
  Objective
               
  B-1.01   pdf link
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  Definitions, concepts, and awareness of accounting
               
  B-1.02  
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  Classification of items as assets, liabilities, revenues, or expenses
               
  B-1.03  
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  Impact of transactions on fundamental accounting equation
               
  B-1.04  
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  Basic identification of revenues, expenses, assets, liabilities
               
  B-1.05  
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  To develop an understanding of the nature of changes in equity
               
  B-1.06  
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  To drill on the articulation of the core financial statements
               
  B-1.07  
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  Broad ideas about the role of accounting and its concepts
               
  B-1.08  
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  Differentiating between "right" and "wrong" accounting
               
  B-1.09  
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  Interpreting financial statement outcomes to assess profit/loss
               
     
   
               
               
               
Involved
 
Problem
Worksheet
Combined
  Objective
               
  I-01.01  
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  Accounting, GAAP, careers, and ethics
               
  I-01.02  
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  Accounting equation and entity types
               
  I-01.03  
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  Preparing and formatting basic financial statements from selected data
               
  I-01.04  
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  Moderately complex assessment to determine income for four years
               
  I-01.05  
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  Analysis of impact of transactions on complete financial statements
     
   
  I-01.06  
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  Computing income and extended analysis based on partial data
     
   
  I-01.07  
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  Team-based identification of errors and corrections
     
   
  I-01.08  
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  Preparing financial statements and cash calculations based on a narrative
     
   
  I-01.09  
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  Basic cash flow analysis and statement of cash flows
     
   
  I-01.10  
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  Accessing and examining financial statements of a public company

 

The preceding table includes links to "Basic" and "Involved" problems. Each Excel icon link will download the file containing a spreadsheet for the problem and a template worksheet on which you can prepare the solution electronically. If you see a light bulb icon on a worksheet, just mouse over above the icon and a comment box will appear. The comments include useful suggestions for improving your spreadsheet skills.

Solutions to these problems may be obtained from your instructor, however you may not post or redistribute, electronically or otherwise, any such solution material. Solution material may be provided to you for your sole use only, at the discretion of your individual instructor. Violation of this policy constitutes a copyright violation. Alternative problems, with solutions, may be found under the "Exercises" tab within each chapter. Video solutions to selected problems are available to students enrolling in the online course.