Accounting - would ya look over my cheat sheet

dmj120 · 08-23-2009, 09:44 PM

I put together a little Excel sheet, which acts as a quick reference guide for the expanded accounting equation. I know this is my first post... but I'm hoping someone/people would look over it and offer some suggestions, critiques or corrections.

I am not able to add attachments, so I uploaded it to my 4shared account 4shared.com - online file sharing and storage - download AccountingEquation.xlsx - the downside to this free service is you have to wait 10 seconds to open the file -- of course, if you pay, you won't have to wait..... hense my "downside" comment ;-) me likey freeee

Anyway, I would be greatful for any comments etc.

Thanks,
Josh

dmj120 · 09-02-2009, 07:55 PM

Here's a shameless bump. Just to see if anyone new might come across this.

armaryland17 · 09-08-2009, 09:13 PM

Why are you posting this in this forum? What its relevance?

dmj120 · 09-11-2009, 01:33 PM

Because my major is in Accounting.

I thought this would be the most relevant section. I did however, think about putting this in the Business Major, but made a last-minute choice of "other."

I'm new here - and to Accounting, for that matter. From what I have seen, Accounting is not a highly chosen major. I just thought I might have been able to get some comments/reviews on my little cheat sheet. I think it's ok, as it stands but perhaps it'll change once I take Acct.2.

Thanks,
Josh

7shrn7 · 10-07-2009, 12:59 PM

the post is really helpful, I have my first test in accounting in a few days and I just couldn't remember all the information. We are allowed to use one cheat sheet and this is the most helpful and understandable, Thanks!

dmj120 · 10-09-2009, 03:01 PM

LOL I'm glad it will help. Good luck with your test. If you check back, there's a nice little youTude series you might be interested in.

YouTube - SusanCrosson's Channel
Acct. Prof. at Santa Fe College, Gainesville, FL

EXCELLENT STUFF!!!!

greennblue · 10-09-2009, 05:01 PM

I'm having trouble opening this again, but I saw a few mistakes when I looked at it before. I think you had Notes payable under ST liabilities, but they're more often LT. Unearned fees are usually a ST liability. The Owner's Equity statement begins and ends with Capital; the Retained Earnings statement begins and ends with (duh) Retained earnings. Things like that.

dmj120 · 10-09-2009, 05:36 PM

ST / LT Liabilities are separeted by the "+"

I will definitely look at the unearned fees. I appreciate your feedback and will updated my sheet accordingly.

THanks,
Josh