UTILIZING A SUCCESSIVE, COMPREHENSIVE CASE IN INTRODUCTORY ACCOUNTING.

This case represents a three-part comprehensive exercise designed to assist students effectively master the entire accounting process from transaction analysis to basic financial statement analysis. Each part of the case requires students to tackle all the financial accounting functions for a fictitious company. Students examine the information provided and record all journal entries (including adjusting and closing entries), post these to T-accounts, prepare an adjusted trial balance, prepare all four general purpose financial statements, and do basic financial statement analysis. While each part of the case is similar in format and identical in requirements, each successive exercises represents a new company and adds a layer of complexity relative to newly covered material in the course. The primary learning objectives of this successive case are to help students master required course material and to gain confidence in their abilities to synthesize important financial accounting concepts and procedures within the context of the entire accounting process. [ABSTRACT FROM AUTHOR]