Case: Understanding and Preparing Financial Statements for a Service Business
Unit 1 Introduction to Accounting Exercise 1-1 Review Questions Exercise 1-2 Fill in the Blanks Exercise 1-3 True or False Exercise 1-4 Business Forms According to Activity Exercise 1-5 Accounting Concepts / Principles Exercise 1-6 Accounting Concepts / Principles Exercise 1-7 Application of Accounting Concepts Unit 2 Introduction to Financial Statements Service Business Exercise 2-1 Review Questions Exercise 2-2 Business Case Exercise 2-3 Identification Exercise 2-4 True or False Exercise 2-5 Business Case Exercise 2-6 Matching Type Exercise 2-7 Identification Exercise 2-8 Business Case Unit 3 Accounting Equation and Account Classification Exercise 3-1 Review Questions Exercise 3-2 Assets Exercise 3-3 Asset Classification Exercise 3-4 Liabilities Exercise 3-5 Liability Classification Exercise 3-6 Revenue Accounts Exercise 3-7 Expense Accounts
Exercise 3-8 Accounting Equation Analysis
Exercise 3-9 Accounting Equation Analysis Exercise 3-10 Expanded Accounting Equation Exercise 3-11 Analyzing the Effects of Business Transactions on the Income Statement Exercise 3-12 Analyzing the Effect of Business Transactions on Owners Equity Exercise 3-13 Analysis of Debits and Credits Exercise 3-14 Normal Balance, Debit and Credit Analysis Exercise 3-15 Journalizing, Posting and Trial Balance Preparation Exercise 3-16 Journal Entries Exercise 3-17 Journal Entries Unit 4 Measuring and Reporting Financial Statements of Service Business Exercise 4-1 A Simple Business Case on Preparing Income Statement, Capital Statement and Statement of Financial Position Exercise 4-2 Financial Statements Preparation Exercise 4-3 Computation of Financial Statements Components Unit 5 Measuring and Reporting Cash Flows Exercise 5-1 Review Questions Exercise 5-2 Identification Exercise 5-3 Statement of Cash Flows Exercise 5-4 Statement of Cash Flows Unit 6 Accounting for Merchandising Business Exercise 6-1 Review Questions Exercise 6-2 Business Case Exercise 6-3 Steps in the Accounting Cycle Exercise 6-4 Business Documents Exercise 6-5 Classification of Items Exercise 6-6 Perpetual vs. Periodic Inventory Systems