1. GROSSMONT COLLEGE
Business 120 - Financial Accounting
Homework Assignments by Chapter
Financial Accounting Fundamentals, Third Edition, by John Wild
Assignments available at the end of chapter in the textbook & eBook
To be submitted for grading via Connect
Chapter 1 – Introducing Financial Accounting
Learning Objectives:
C1-5, A1-3, P1-2 (page 2)
(These objectives, or goals, are the items from the chapter
which I expect you to learn. The LOs are always listed on the first page of
each chapter. You will be given homework according to these objectives
and you will also be tested on them. You are not responsible to learn the
chapter LOs that are not listed here.)
Homework:
Quick Study (pages 30-32): 3
Exercises (pages 32-36): 1, 2, 3, 5, 6, 7, 18*, 19, 20
*Exercises shown in Bold include a Guided Example in Connect.
Problems Set A (pages 36-40): 1, 2, 8
(Problems are always assigned from Set A.)
Chapter 2 – Accounting for Transactions
Learning Objectives:
C1-4, A1-2, P1-3
Homework:
Quick Study (QS): 1, 2, 3, 4, 5, 8
Exercises (E): 1, 2, 3, 4, 13, 14, 15, 17, 22
Problems (P): 1, 3
Chapter 3 – Preparing Financial Statements
Learning Objectives:
C1-4, A1-3, P1-5
Homework:
QS: 1, 2, 3, 4, 5, 6, 7, 11, 14, 15, 16
E: 7, 14
P: 1, 6, 7

2. Test #1: Chapters 1-3
Chapter 4 – Accounting for Merchandising Operations
Learning Objectives:
C1-2, A1-2, P1-4
Homework:
QS: 1, 2, 6, 8, 10
E: 2, 3, 13
P: 1, 3
Chapter 5 – Accounting for Inventories
Learning Objectives:
C1-2, A1 & 3, P1
Homework:
QS: 1, 2, 3, 4, 9, 10, 11, 14
E: 1, 2, 9, 10
P: 1
Chapter 6 – Accounting for Cash and Internal Controls
Learning Objectives:
C1-2, A1, P1-2
Homework:
QS: 4, 7
E: 12
P: 2, 3
Test #2: Chapters 4-6

3. Chapter 7 – Accounting for Receivables
Learning Objectives:
C1-3, A1, P1-3
Homework:
QS: 1, 2, 3, 4
E: 11, 12, 13, 14, 15
P: 1, 2, 3
Chapter 8 – Accounting for Long-Term Assets
Learning Objectives:
C1-3, A1, P1-4
Homework:
QS: 1, 8, 11, 13
E: 1, 3, 9, 10, 18, 19, 20
P: 2, 5, 6
Chapter 9 – Accounting for Current Liabilities
Learning Objectives:
C1-3, A1, P1-4
Homework:
QS: 1, 2, 3, 9, 10
E: 1, 2, 3, 12
P: 1, 2, 4
Test #3: Chapters 7-9

4. Chapter 10 - Accounting for Long-Term Liabilities
Learning Objectives:
C2, A1-3, P1-4
Homework:
QS: 1
E: 4, 6, 7
P: 2, 3, 10
Chapter 11 – Accounting for Equity
Learning Objectives:
C1-2, A1-4, P1-3
Homework:
QS: 1, 2, 12, 13, 14, 15, 16
E: 1, 3, 5, 6, 8, 9
P: 2, 5
Chapter 12 – Accounting for Cash Flows
Learning Objectives:
C1, A1, P1-3
Homework:
QS: 1, 2, 4, 5
E: 2, 8, 9, 14
P: 1
Test #4: Chapters 10-12
Chapter 13 – Interpreting Financial Statements
Learning Objectives:
C1-2, A1, P1-3
This chapter has the formulas and procedures that you need to complete
the Annual Report Project (ARP).

5. The instructor has the right to change this syllabus.