Students record accounting events in general journal format and post transaction data to running balance general ledger accounts. They prepare unadjusted, adjusted, and post-closing trial balances. They use the information contained in the adjusted trial balance to prepare an income statement, a balance sheet, a statement of changes in equity and a statement of cash flows. The problem minimizes procedural detail. Special journals, a worksheet, posting references, etc. are not used.
Most students are able to complete the problem in less than eight hours.
Ready Shows is a package of multimedia lecture-enhancement aids that use PowerPoint software to illustrate chapter concepts. Ready Slides are selected four-color transparencies printed from the PowerPoint Ready Shows. Ready Notes is a booklet of Ready Shows screen printout that enable students to take notes during Ready Shows or Ready Slides presentations. This software includes Excel templates for selected problems and exercises from the text. The templates gradually become more complex, requiring students to build a variety of formulas.