Introduction to Financial Accounting Comprehensive Problems

The purpose of the comprehensive problem is to review and reinforce an understanding of the accounting cycle. The number and the complexity of the transactions to be completed in the comprehensive problem has been kept to a minimum so as to still reinforce the flow of accounting information in the cycle, but also to cut down on excessive time requirements.  The comprehensive problem will cover the accounting cycle from beginning to end (without actual source documents), from journalizing through the financial statements and the post-closing trial balance. 

The transactions to be completed will touch on most chapters being covered in your Introduction to Financial Accounting course and cover the accounting principles underlying the accounting cycle and income measurement using accrual-based accounting. 

Although blank Excel templates with formulas included will be provided, you can still work the problem very easily with little or no knowledge of Excel.  The problems can be completed manually should you choose as well.  There are three different problems that can be used included in the booklet.