Going to the Net exercises, Chapters 1 through 18
Chapter 1
Access the Career Development website at
Read the article "Careers in Accounting & Finance."
- What three skills are essentials for those seeking careers in accounting and finance?
- What is the preferred educational background for an accountant?
- List five career opportunities in accounting and finance.
Chapter 2
Access information about domain name statistics at
- How many domains are registered worldwide?
- How many .com names are registered?
3.List the extensions that are used with website domain names.
Chapter 3
Access the Financial Accounting Standards Board website at Go the "FASB Facts" link. Then link to Facts About FASB and Board Members/Staff
- How many board members serve on the Financial Accounting Standards Board? Do they serve part time or full time?
- What are the qualifications for the board members?
Chapter 4
Access the SmartPros website at Move your cursor over the Career Center link. From the Career Center drop-down list, select Salary Study. Read the synopses of the articles shown, and then answer the following questions.
- What types of accounting jobs are most in demand?
- Compare the percentage increase in starting salaries for accountants in 2001 with 2000.
- Why are both technical skills and business acumen necessary for today's accountants?
Chapter 5
Access the AccountantsWorld.com website at Put your cursor over "About Us." Then, select "Mission" from the drop-down list. Read the mission statement.
- What does the mission statement say the accounting firm of tomorrow will be like?
- How will accountantsworld.com serve the needs of the accounting community?
Chapter 6
Access the Peachtree Software website at Then, select the link to "Worldwide." This takes you to The Sage Group website.
- Is The Sage Group the leading supplier of accounting software around the world?
- How many customers does The Sage Group have worldwide?
- How do you link to Peachtree Software from The Sage Group’s website?
Chapter 7
Access the Small Business Administration website at Link to Balance Sheet Introduction. Read the information on this page, then answer these questions.
- On a balance sheet, what do the liabilities and net worth represent?
- On the balance sheet, what do the assets represent?
Chapter 8
Access the Peachtree Complete Accounting 2002, Frequently Asked Questions and Answers website at Answer the following questions.
- Who should use Peachtree Complete Accounting 2002?
- What is Peachtree Today?
- Will Peachtree 2002 run on Windows XP?
Chapter 9
Access the information about the chart of accounts at
In the "site search" box, type chart of accounts, then click on "go!". Link to What Should Our Chart of Accounts Include?, and then link to What are the Features of a Simple Chart of Accounts?.
- List the standard order that accounts are presented on the balance sheet and income statement.
- How are account numbers organized? Why are they organized that way?
Chapter 10
Access the depreciation calculator at This takes you to the Fixed AssetsInfo.com depreciation calculator. Read the “How to Use” information for completing the calculation for depreciation.
1. Complete the following fields:
Property Type:Select “Furn. and Equipment”
Placed in Service date:06/01/1999
Cost:5000.00
2.Click on “Next.”
3.Read the information on this page. Type 7 in the "Depreciable Life (yrs)" box.
4.Accept the defaults on the page by clicking on "Depreciate."
5.Click on the “Print” icon to print the depreciation table.
Chapter 11
Access information about changing posting methods at
Answer the following questions.
1.When is real-time posting the preferred method?
2.When is batch posting the preferred method?
3.How do you change posting methods?
Chapter 12
Access the Business Owner’s Toolkit website at Read the “accounts receivable” page, and then answer the following questions.
- What is the common abbreviation for accounts receivable?
- What is the control account for customer sales on account?
- How is the ending accounts receivable total computed?
Chapter 13
Access the Employer Reporting and Instructions website at Link to General W-2 Filing Information, then answer these questions.
1.What are dates that employers must send W-2 information to the Social Security Administration? (Include the dates for both electronic and paper filing.)
2.When must employers give employees their W-2?
3.What two forms do employers send to the Social Security Administration?
Chapter 14
Access the Small Business Knowledge Base website at Scroll down the screen to “Merchandise Inventories: Perpetual Inventory.” Answer these questions about perpetual inventory.
1.What is a perpetual inventory at retail?
2.When is a physical count of inventory necessary?
Chapter 15
Access the Peachtree's Frequently Asked Questions at
Answer the following questions.
- How do you copy customized Reports across companies?
- What if I need more complex reports than the pre-defined reports that come with Peachtree?
Chapter 16
Access Peachtree's 25th anniversary article at
Answer the following questions.
- Why is Peachtree Software celebrating more than 25 years in business?
- Where was Peachtree Software first sold?
- What milestone occurred in 1980?
- What is Peachtree's Internet accounting or Application Service Provider software called?
Chapter 17
Access the Microsoft Office website at Link to "Office Programs." Answer the following questions.
- What is the website address for Microsoft Word?
- After linking to the Microsoft Word website, briefly describe what kind of information can be obtained. If you link to other websites, include the appropriate address(es) in your answer.
- What is the website address for Microsoft Excel?
- After linking to the Microsoft Excel website, briefly describe what kind of information can be obtained. If you link to other websites, include the appropriate address(es) in your answer.
Chapter 18
Access the MSDN Online Library website at Answer the following questions.
1.Define the term Dynamic Data Exchange. Use the "MSDN Library" link to learn more about MSDN libraries.
2.What is the MSDN library?