Formatting and Color Coding
Formatting
All text can be highlighted and copied from this textbook and pasted into Excel. Please do not type the numbers and words from the problems to hours of data entry and prevent potential errors.
Color Coding
The textbook is written with color coding. To help you understand how this works, the color coding explanation is as follows.
Learning Objectives
A quick summary of what will be learned in the section.
Examples
Accounting is easier to understand when you can hear and see the language. Each example will contain a problem that is solved on video. Click the play video to watch the video.
Practice
Practice problems will provide repetition to provide confidence.
Homework
Homework problems are low-stakes and will be completed in Excel to help you prepare for the end of the Chapter Quiz located in Canvas.
Important Formulas to remember will be bolded and centered.
| Balance Sheet | Income Statement | Stmt of Cash Flows | |||||||||||||
| Cash | + | Inventory | = | Accounts Payable | + | Common Stock | + | Retained Earnings | Revenue | – | Expense | = | Net Income | Cash | OA,IA,FA |
- Blue cells represent what will appear on the Income Statement.
- Gray cells represent what will appear on the Balance Sheet.
- Green cells represent what will appear on the Statement of Cash Flows.
| Income Statement | ||
| [Company Name] |
||
| For [Month] |
||
Financial reports will be labeled and designated in their appropriate horizontal model color. Note: Colors are used to aid in learning and should not be used on real-life financial statements.
- Blue represents the Income Statement.
- Gray represents the Statement of Stockholders’ Equity and the Balance Sheet.
- Green represents the Statement of Cash Flows.
| Cost of Ink per T-shirt | # of T-shirts Manufactured | Total Variable Cost of Ink |
|---|---|---|
| $0.15 | 200 | $30 |
| $0.15 | 400 | 60 |
| $0.15 | 600 | 90 |
