Larry Walther, Ph.D., CPA, CMA, is the EY Professor of Accounting and Senior Associate Dean of the Jon M. Huntsman School of Business at Utah State University. Dr. Walther has authored numerous books and articles on accounting, and he has served as director and/or consultant to a number of public and
This exercise book is the first of four exercise books that correspond directly with the Accounting Cycle textbook. The exercises relate specifically to Part 1 of the Accounting Cycle textbook. It includes problems covering the fundamental accounting equation (assets, liabilities, and Owners' equity), how transactions impact the accounting equation, and the core financial statements (the Income Statement, the Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows).