Building Blocks of Accounting .. A Financial Perspective

Welcome to the world's first ePractice case, an individualized, internet generated and and graded case study that focuses on the analytically portion of the accounting cycle while automating the repetitive posting cycle.

Step 1 The Chart of Accounts includes all of the accounts that you can use to solve your case. You may want to print the chart of accounts and use it as an easy reference guide.

Step 2 Journalizing the Transactions

Using your unique transactions record the corresponding general journal entry, rounding to two decimal places, =Round(value,2)

Step 3 Using the Adjusted Trial Balance as of December 31st as a reference, prepare the Income Statement, Statement of Stockholder's Equity, Balance Sheet and Statement of Cash Flows.

Step 4 Record the closing entries in the general journal.

Step 5 Prepare the Post Closing Trial Balance

Step 6 Complete the Ratio Analysis - Use Post Closing TB Last Year for beginning numbers

Step 7 Upload the File.

Whenever you want to have cybertext.com grade your work submit it to them on the bottom of the screen that you downloaded the file. If you have a problem uploading see FAQ 01.

Step 8 You will be graded on the Journal Entries and the three financial statement. The case will be computer graded, therefore make sure all numbers are in the appropriate cells. The computer will evaluate your transactions when grading your financial statements.

Attachment:- Building Blocks of Accounting.rar