This file contains the ACC 221 Intermediate Accounting I exam with complete solutions graded A+. Developed for accounting students enrolled in the Virginia Community College System (VCCS), this resource mirrors the structure and content of official assessments at institutions like Northern Virginia Community College.
The included questions emphasize foundational and intermediate financial reporting concepts aligned with the ACC 221 course structure.
Topics Covered:
-
Defined benefit vs. defined contribution pension accounting
-
Post-employment and short-term employee benefits
-
Treasury shares, retained earnings, share capital, and dividends
-
Computation of basic and diluted Earnings Per Share (EPS)
-
Equity-based compensation and other comprehensive income (OCI)
-
Shareholders’ rights and quasi-reorganizations
-
Adjusted book balance calculations, bank reconciliations
Whether you’re reviewing for midterms, prepping for finals, or practicing for CPA readiness, this file provides detailed, step-by-step solutions for every question—ensuring you fully grasp the logic behind every accounting treatment.
Designed for students in ACC 221 at VCCS institutions, this is an excellent tool for reinforcing accounting concepts under U.S. GAAP and IFRS frameworks.
You must log in and be a buyer of this download to submit a review.
