Tag Archives: sales

Data analytics project: Gross profit analysis for introductory financial accounting

This blog post contains a data analytics project that is suitable for introductory financial accounting. The student uses Excel to analyze a data set that contains more than 48,000 records. The data analytics project can be assigned early in the course once the concept of gross profit is reviewed. Overview of project This project uses […]

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8 revenue recognition exercises for introductory financial accounting featuring LL Bean

In 2015, FASB updated the revenue recognition standards. While most of the impact of the revised revenue standard will impact Intermediate Accounting coverage, some changes will also need to be made to update introductory financial accounting coverage. Using hypothetical examples featuring LL Bean, I have developed a set of classroom exercises (and solutions) that can […]

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