1. Why replace cell references with names? Create a simple spreadsheet and paste Owners Equity plus Liabilities = Assets.
2. How can negative numbers be displayed in brackets? Why do accountants display negative numbers in brackets? Paste a simple spreadsheet example.
3. Explain why an accountant should design spreadsheets with a completely separate data entry area and a separate report area? Paste a simple spreadsheet example. Show normal and normal views.
4. Find a relevant Youtube and explain the 'IF' statement (function)? Provide a simple spreadsheeted accounting example for a trial balance. Show normal and normal views.
5. Explain periodic inventory systems. Give examples. (Watch the 3 videos on Inventory in Interact2 Resources).