The work must stand on its own. The following is a guideline for solving problems in accounting. It will also help you to use reference material, format the problem, and make a decision. Determine what the client needs. In your textbook, look for the instructions, requirements, etc. before you read the problem.
Many textbooks have the objective of the problem in the margin.
Determine what kind of solution is needed for this problem. This could be a letter, phone call, report, or financial statements. Determine what format, formulas, or special knowledge is needed to solve the problem. Look up needed information in the appropriate reference. Set up the answer and drop in the data.