Revenue Recognition

This assignment will provide you with practice identifying situations where revenue has been earned by a company, and situations where the money should instead by recorded to a different account, such as the Deferred (Unearned) Revenue account. You will also get practice preparing the journal entries for these transactions.

Relevant Excel Functions

This assignment will require you to be able to use some or all of the following Excel functions. Click on the hyperlinked section number next to the relevant Excel skill to be directed to a page showing how to perform the assigned task in Excel:

• Cell References (1.5)

• SUMIF Function (1.15)

• SUM Function (1.14)

• Drop-Down Lists (1.10)

• Absolute Cell References (1.1)

• Conditional Formatting (1.6)