Quick in-class exercises to practice accounting financial statement formatting:
1) Balance Sheet
2) Trial Balance
3) Income Statement
These exercises are suitable for an introductory accounting class, general business class, or as review for an advanced accounting class.
When students are starting to learn accounting, it can be difficult to remember all of the minor details involved in formatting accounting statements. These quick exercises are designed to give students additional practice.
These exercises can be used as homework or assessment, or consider using them as in-class activities. Ask students to work individually or in pairs to complete each scenario. When they are finished, have them bring their work up to you to compare against the answer key. If students have any formatting errors, ask them to go back to their desk to check their work. This process gives you immediate feedback about your students’ progress, and gives your students a chance to perfect their formatting skills.