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"Drills for Accounting Basics" icon

Drills for Accounting Basics

Drills for Accounting Basics consists of 22  topics covered in a typical Introductory Principles of Financial and Principles of Managerial Accounting courses.  Separate drills exist for:  1) Accounting Basics, 2) Accounting Principles, 3) Adjusting Entries, 4) Balance Sheet, 5) Bank Reconciliation, 6) Break-Even Point, 7) Cash Flow Statement, 8) Chart of Accounts, 9) Debits and Credits, 10) Depreciation, 11) Evaluating Business Investments, 12) Financial Ratios, 13) Improving Profits, 14) Income Statement, 15) Inventory and Cost of Goods Sold, 16) Lower of Cost or Market, 17) Overhead and Activity Based Costing, 18) Payroll Accounting, 19) Present Value of an Ordinary Annuity, 20) Present Value of 1, 21) Standard Costing, and 22) Stockholders’ Equity.  All drills are interactive and provide... Show More


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Richard Schimpf
Richard Schimpf (Content Developer/Author)
1 year ago
Is there a CC license on this material? The site itself seems to have a very strict copyright that prevents using the material other than at the site.
Brenda Canning
Brenda Canning (Faculty)
3 years ago

I am including the link in my Accounting II course. The material is an excellent review of many topics they were exposed to in the first Principles course.

Used in course? Yes
Time spent reviewing site: 1 hour
Susan Hamberger
Susan Hamberger (Faculty)
3 years ago
The link doesn't work - goes to a page that says the material you're trying to reach doesn't exist
Karen Bammel
Karen Bammel (Faculty)
10 years ago
I wish I had found this site when teaching Accounting. I did forward this on to the Dean. What a great interactive site, I love how if the answer is incorrect, the rationale is given why the answer is incorrect.

Technical Remarks:

Easy to use, so much information.
Julie Dailey
Julie Dailey (Faculty)
11 years ago
Wow! I am glad I found this to help with online instruction. I posted it to my Course Documents immediately and the students love it. Thanks for sharing such a good resource for Principles students