Suggested Assignments for Accounting Principles

The table below shows typical accounting principles topics matched to recommended Microsoft Excel exercises.

Accounting Topic                                   Recommended Excel Exercises



1.   Accounting and the                               1  Income Statement
     Business Environment                            2  Cost of Goods Sold
                                                                46   Financial Statements
                                                                47   Income Statement
                                                                48   Statement of Owners Equity

2.   Recording Business Transactions          3  Double-Entry Accounting
                                                                 4  Double-Entry Accounting.
                                                               49   T-Accounts and Trial Balance
                                                               50   Trial Balance and Income Statement

3.   Measuring Business Income:               51   Preparation of Adjusted Trial Balance
      The Adjusting Process                        52   Financial Statements and Related Questions
 
4.   Completing the Accounting Cycle       53   Post Closing Trial Balance
                                                                54   Trial Balance and Worksheet

5.   Merchandising Operations and           25   Sales by Product Type
     the Accounting Cycle                          55   Balance Sheet 
                                                               56   Financial Ratios

6.   Accounting Information Systems        57   Cash Disbursements

7.   Internal Control and                          15   Cash Budget
      Managing Cash                                 16   Cash Budget
                                                               58   Bank Reconciliation
                                                               59   Cash Budget

8.   Accounts and Notes Receivable        13   Bad Debt Expense
                                                              14   Bad Debt Expense
                                                              22   Aging Sales Invoices
                                                              23   Aging Sales Invoices
                                                              24   Aging Sales Invoices
                                                              60   Statement of Cash Flows

9.   Accounting for Merchandise               5  Cost of Merchandise
      Inventory                                            6  Cost of Merchandise
                                                                7  Tracking Inventory Quantity
                                                                8  Product Cost Schedule
                                                              61   Income Statement
                                                              62   Perpetual Inventory Record
                                                              63   Income Statement, Balance Sheet, & SCF

10.  Plant Assets, Intangibles Assets,        9  Straight Line Depreciation
     and Related Expenses                       10   Straight Line Depreciation
                                                              11   Sum-of-the-Years-Digits Depreciation
                                                              12   Units-of-Production Depreciation
                                                              20   Joint Cost Allocation
                                                              21   Joint Cost Allocation
                                                              64   Allocation of Costs in Lump-Sum Purchase

11.  Current Liabilities and Payroll          65   Partial Balance Sheet
       Accounting

12.  Accounting for Partnerships            66   Summary of Liquidation Transactions

13.  Corporate Organization, Paid-In    19   Weighted Average Number of Shares of Stock
      Capital, and the Balance Sheet        67   Financial Ratios
                                                            68   Balance Sheet, Ratios, and Questions
 

14.  Retained Earnings, Treasury          69   Multiple-Step Income Statement
       Stock, and Income Statement

15.  Long-Term Liabilities                   45   Lease Payment
                                                          70   Bond Amortization Schedule

16.  Accounting for Investments          17   Interest Earned
       and International Operations        18   Future Value of a Single Deposit
                                                          34   Foreign Currency (FC) Translation
                                                                 Using Current Rate Method
                                                          35   FC Translation Using Current Rate Method
                                                          36   FC Translation Using Current Rate Method
                                                          37   FC Translation Using Current Rate Method
                                                          38   FC Translation Using Temporal Rate Method
                                                          39   FC Translation Using Temporal Rate Method
                                                          40   Economic Impact of Import Quota
                                                          41   Economic Impact of Import Quota
                                                          42   Economic Impact of a Tariff
                                                          43   Economic Impact of a Tariff
                                                          44   Economic Impact of a Tariff
 

17.  Statement of Cash Flows              71   Statement of Cash Flows
                                                          72   Statement of Cash Flows

18.  Financial Statement Analysis        30   Financial Ratios
                                                         31   Financial Ratios
                                                         32   Common Size Balance Sheets
                                                         33   Common Size Balance Sheets
                                                         73   Horizontal Analysis of Income Statement

19.  Management Accounting             74   Cost of Goods Manufactured and Cost of
                                                                 Goods Sold
                                                         75   Income Statement

20.  Job Costing                                 76   Work in Progress and Questions

21.  Process Costing                          77   Compute Equivalent Units: FIFO
                                                        78   Compute Equivalent Units: Weighted Avg.

22.  Cost-Volume-Profit Analysis       26   Cost-Volume-Profit Analysis
       and the Contribution Margin        27   Cost-Volume-Profit Analysis
     Approach to Decision Making       28   Cost-Volume-Profit Analysis: Graph
                                                          29   Cost-Volume-Profit Analysis: Graph
                                                          79   Graph Cost Behavior Patterns
                                                          80   Contribution Margin Income Statement
 
23.  Master Budget and                     81   Departmental Income Statement 
       Responsibility Accounting

24.  Flexible Budgets and                   82   Flexible Budget
       Standard Costs                           83   Graph Total Cost Line

25.  Activity Based Costing                84   Cost Allocation Rates
       & Tools for Cost Management    85   Budgeted Costs, ABC Cost Per Unit
                                                         86   Manufacturing Cost Based on ABC Unit
                                                               Cost

26.  Special Business Decisions &     87   Product Mix Analysis
     Capital Budgeting                        88   Make or Buy Analysis
                                                        89   Best Use of Facilities Analysis

 Back to Microsoft Excel for Accounting Principles Homepage