<p>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.</p>
<p>I am not able to add attachments, so I uploaded it to my 4shared account 4shared.com</a> - 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</p>
<p>Anyway, I would be greatful for any comments etc.</p>
<p>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.”</p>
<p>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.</p>
<p>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!</p>
<p>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.</p>