Problems – Chapter 1



# Problem Worksheet Combined Description
B-1.01 pdf pdf excel Definitions, concepts, and awareness of accounting
B-1.02 pdf pdf excel Classification of items as assets, liabilities, revenues, or expenses
B-1.03 pdf pdf excel Impact of transactions on fundamental accounting equation
B-1.04 pdf pdf excel Basic identification of revenues, expenses, assets, liabilities
B-1.05 pdf pdf excel To develop an understanding of the nature of changes in equity
B-1.06 pdf pdf excel To drill on the articulation of the core financial statements
B-1.07 pdf pdf excel Broad ideas about the role of accounting and its concepts
B-1.08 pdf pdf excel Differentiating between “right” and “wrong” accounting
B-1.09 pdf pdf excel Interpreting financial statement outcomes to assess profit/loss



# Problem Worksheet Combined Description
I-1.01 pdf pdf excel Accounting, GAAP, careers, and ethics
I-1.02 pdf pdf excel Accounting equation and entity types
I-1.03 pdf pdf excel Preparing and formatting basic financial statements from selected data
I-1.04 pdf pdf excel Moderately complex assessment to determine income for four years
I-1.05 pdf pdf excel Analysis of impact of transactions on complete financial statements
I-1.06 pdf pdf excel Computing income and extended analysis based on partial data
I-1.07 pdf pdf excel Team-based identification of errors and corrections
I-1.08 pdf pdf excel Preparing financial statements and cash calculations based on a narrative
I-1.09 pdf pdf excel Basic cash flow analysis and statement of cash flows
I-1.10 pdf pdf excel Accessing and examining financial statements of a public company



  Problem Description
1 excel Self-Grading Problem



Description Problem                              
Managerial Accounting excel                              
The Accounting Equation excel                              
Pay an Account Payable excel                              
Buy Inventory with Cash excel                              
Provide Services for Cash excel                              
Incur Expenses on Account excel                              
Transaction Impacting More than Two Items excel                              
Evaluating Changes in Retained Earnings and Equity excel                              
Statement of Cash Flows excel                              
Impact of Transactions on Financial Statements excel                              


The preceding table includes links to “Basic” and “Involved” problems. Each excel 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.

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Alternative problems, with solutions, may be found at our partner website Bookboon. Video solutions to selected problems are available to students enrolling in the online course. The pdf version of the solutions manual also includes links to the video solutions. You can purchase the solutions manual in the bookstore.