This webpage will serve as a media for posting the current status of the Financial Accounting Class  (ACCT 2301) assignments and upcoming events.  You will find things like specific items to be covered in the next class session, reminders of items due for submission, special instructions for homework problems, exam dates, etc.


Financial Accounting (Acct 2301)
Fall 2022 Semester

Current Class Assignments


                 October 3

      1.....Begin Lecture of Chapter 7
      2.....Work Chapter 7 Exercises
      3.....Review for Exam #2 (Ch 4-6)







Homework Assignments

Your homework problems count
12% toward your final grade.  Failing to accomplish the homework assignments can affect your final grade by as much as a grade level.

It is always best to at least attempt the homework problems.  It is my observation that you always gain knowledge, regardless of whether or not you get everything right.  Any number of points received is much better than a zero.

Reminder:  Any missing or late homework assignments must be turned in by Exam date that relates to  those chapters.



Connect System Homework Submissions


Assigned homework problems will usually be accomplished on-line by personal computer, or in one of the on-campus labs.

If you do not complete the assignments using the on-line system, you may complete the assigned textbook  problems manually, using either the provided generic forms or ones that you create.



Generic Working Papers


Generic working papers have been provided in the
Course Resources webpage under  Course Handouts.   You have a choice of two different formats that can be downloaded.  You will find the form downloads listed, on the Course Handouts webpage, immediately after the Course Materials section.  These generic forms should be adequate for completing most of the assigned homework problems.  As a result, you may find that it is not necessary to purchase the optional Working Papers workbook that accompanies the textbook.



The following section of this webpage will be devoted to temporary postings of such things as special instructions for homework problems, notices concerning specific assignments, downloads of problems, and other issues.  These postings will usually be deleted after one week.


Problem / Document Downloads

The following assigned problems are available for downloading when there are green "Xs" displayed under a specific format.  Click on the green "Xs", under the desired format, to begin the download.


Problem / Document


MS Word


5 Problem 5-1A (Specific ID) XXXXXX XXXXXX XXXXXX

Comprehensive Problem




In-Class Exercises 

Textbook exercises, used for each chapter, will be posted for downloading after they are worked in class.  This will provide additional information to assist in completing your homework assignments.  Click on the highlighted "Chapter" to download a copy of the exercise PowerPoint slides.  When the Chapter is highlighted in
green, you can then download the selected file.

The files are compressed in a ZIP format.  To unzip the files, you will need the WinZip or similar program.  The WinZip program can be downloaded below.

To view the PowerPoint Slides you must have the PowerPoint Program or the PowerPoint Viewer.  If you do not have the PowerPoint program, the Viewer can be downloaded below.   With the Viewer, you can also print any of the slides in each of the files.

Click on the below link to download the PowerPoint Viewer

PowerPoint Viewer


Click on the below link to download WinZip



Chapter 1 Chapter 5 Chapter 10
Chapter 2 Chapter 6 Chapter 11
Chapter 3 Chapter 7 Chapter 12
Chapter 4 Chapter 8 Chapter 13


Temporary Postings



Chapter 6 Homework "A" Series Problems

Problem 6-3A.  When completing this problem, accomplish a reconciliation (i.e., remaining cash + receipts compared to petty cash authorization amount) to see if there is an overage or shortage.  

Problem 6-5A. have to perform a complete reconciliation of company's receipts and payments to the related deposits and checks on the bank statement, to determine the deposits in transit, outstanding checks, and any remaining unmatched items.


Comprehensive Problem

We have finished the chapters associated with this problem and you are in a position to start work on this optional extra- credit comprehensive problem.

This problem is to be accomplished manually.  All necessary forms can be downloaded from the "Generic Working Papers" section on the "Course Resources" webpage.  When completed, turn in your completed General Journal containing all the required entries and your Adjusted Trial Balance.

Additional Notes for Completion of the Problem

1. The only items to be used are the months' transactions (April 1-30) and the adjusting entries (Items "a" through "f") in Instruction No. 4.

2.  Note that this problem is for a proprietorship form of business.  Therefore, use the owner's Capital and Withdrawals accounts instead of the textbook's Common Stock and Dividends accounts.

3. After posting the months' transactions, be sure to produce a trial balance. You will need the trial balance to make the computations for some of the adjusting entries.

A copy of the comprehensive problem instructions is now available.  Download the problem information by clicking on the appropriate format in the "Problem / Document Downloads" section above.


  Chapter 5 Homework Problem 

Problem 5-1A contains a task (Requirement 3d) to compute the cost of goods sold and inventory for the Specific Identification Method.  Since we did not cover this method in Chapter 5, I am providing the data for you to input to the Connect Homework System.  You can download this data from the "Problem / Documents Downloads" section above.



   Submission of Homework Problems

Just a reminder that you have an unlimited number of submissions for your homework assignments.  On each new attempt, students revise their previous attempts (you are not required to start over).



Financial Statement Errors

One of the initial more common errors, in the preparation of financial statements, is the omission of titles for accounts and totals on the reports.   When completing your assigned problems, make sure every line on each report has an appropriate title. 



Access to the Course eBook

For those individuals that may have difficulty accessing the eBook and finding the "B" Problems for homework make-ups,  I am providing a PowerPoint on the eBook access process.  Click on the icon to download the PowerPoint presentation.

Microsoft PowerPoint 2013 icon






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This page was last modified September 28, 2022