Chapter 1
From the event to the trial balance
Practice transaction timing, account effects, debits and credits, journal entries, posting, and trial-balance errors.
ACC 300 · Practice
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These questions are optional and are not submitted. Graded assignments are in D2L.
Unit 1
The accounting cycle
Chapter 2
Adjusting the records at period end
Practice accruals, deferrals, and depreciation with answer explanations.
Chapter 3
Financial statements and closing entries
Connect income and equity, check the statements, and close temporary accounts.
Chapter 4
The financial reporting framework
Apply reporting assumptions, identify accounting authority, and assess information quality and materiality.
Chapter 5
Verify a reported figure
Find a filing disclosure, interpret its context, and explain what the evidence does and does not establish.
Units 1 and 2
Exam 1 practice
42 questions
Take the Exam 1 practice form
Practice the full range of Exam 1 skills. Every question includes worked feedback and links to its chapter, class slides, and related practice.
Unit 2
The income statement
Chapter 6
Prepare and interpret income statements
Practice item placement, statement amounts, profit margins, comparisons, and OCI one question at a time.
Chapter 7
Classify and present discontinued operations
Practice component boundaries, disposal status, strategic shifts, held-for-sale measurement, net-of-tax presentation, and unusual or infrequent events.
Chapter 8
Apply the revenue-recognition model
Apply all six objectives to a generated customer contract, then practice individual decisions with immediate feedback.
Unit 3
Financial position and current obligations
Chapter 9
Financial position and the balance sheet
Classify resources and obligations, read reported amounts, interpret liquidity, and compare financial-position information.
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