西方财务会计002

BriefLearningExercisesTopicObjectivesSkillsB.Ex.2.1Recordingtransactions3Analysis,communicationB.Ex.2.2Recordingtransactions3Analysis,communicationB.Ex.2.3Computingretainedearnings4AnalysisB.Ex.2.4Computingtotalliabilities4AnalysisB.Ex.2.5Computingnetincome5AnalysisB.Ex.2.6Computingnetincome5AnalysisB.Ex.2.7Computingchangeincash6AnalysisB.Ex.2.8Alternativeformsofequity8AnalysisB.Ex.2.9Alternativeformsofequity8AnalysisB.Ex.2.10Articulationoffinancialstatements7AnalysisLearningExercisesTopicObjectivesSkills2.1RealWorld:AmericanAirlines,3CommunicationBostonCelticsNatureofassetsandliabilities2.2Preparingabalancesheet4Analysis2.3Preparingabalancesheet4Analysis2.42Communication,judgment2.5Usingtheaccountingequation3Analysis2.6Accountingequation3Analysis2.7Effectsofbusinesstransactions3Analysis2.8Formsofbusinessorganizations8Analysis2.9Factorscontributingtosolvency9Analysis,judgment2.10Professionaljudgment2Communication2.11Statementofcashflows6Analysis2.12Incomestatement5Analysis2.13Incomestatement5Analysis2.14Statementofcashflows6Analysis2.15Windowdressingfinancialstatement9Analysis2.16RealWorld:HomeDepot4–6Analysis,communicationHomeDepotfinancialstatements2.17RealWorld:Intel5Analysis,communicationAssessingfinancialresultsCHAPTER2BASICFINANCIALSTATEMENTSAccountingprinciplesandassetvaluationOVERVIEWOFBRIEFEXERCISES,EXERCISES,ANDCRITICALTHINKINGCASES©TheMcGraw-HillCompanies,Inc.,2012OverviewProblemsLearningSetsA,BTopicObjectivesSkills2.1A,B4Analysis,communication2.2A,BEffectsoftransactions3Analysis2.3A,BEffectsoftransactions3Analysis2.4A,BEffectsoftransactions3Analysis2.5A,BPreparingabalancesheet,effectsof4Communication,judgmenttransactions2.6A,BPreparingabalancesheet,effectsof4Analysis,communicationtransactions2.7A,BPreparingabalancesheetandstatement3,4,6Analysis,communicationofcashflows,effectsoftransactions2.8A,BPreparingfinancialstatements,effectsof4–6Analysis,communicationoftransactions,evaluatingsolvency2.9A,B4,82.10A,B2,4PreparingandevaluatingabalancesheetPreparingabalancesheet,discussionofGAAPPreparingabalancesheet,discussionofGAAPAnalysis,communication,judgmentAnalysis,communication,judgment©TheMcGraw-HillCompanies,Inc.,2012Overview(p.2)2.1Preparearealisticbalancesheetfora4hypotheticalentity2.2RealWorld:Companyofstudentchoice4–62.3Usingabalancesheet42.4Usingastatementofcashflows62.5Windowdressing42.64(Ethics,fraud&corporategovernance)2.74-5DESCRIPTIONSOFPROBLEMSANDCRITICALTHINKINGCASESProblems(SetsAandB)2.1A,B15Easy2.2A,B15Easy2.3A,B15Medium2.4A,B15MediumLocateandevaluatethefinancialstatementsofapubliclyownedcompanyCriticalThinkingCasesAnalysis,communication,judgmentCommunication,research,technologyAnalysis,communication,researchAnalysis,communicationjudgmentAnalysis,communication,judgmentAjaxMovingCompany/BrigalCompanySmokeyMountainLodge/DeepRiverLodgeShownbelowarebriefdescriptionsofeachproblemandcase.Thesedescriptionsareaccompaniedbytheestimatedtime(inminutes)requiredforcompletionandbyadifficultyrating.Thetimeestimatesassumeuseofthepartiallyfilled-inworkingpapers.RealWorld:PublicCompanyAccountingOversightBoardTechnologyRealWorld:CiscoSystems(Internet)IntroductiontoEDGARRankinTruckRental/SmithTruckingShowintabularformtheeffectsofvariousbusinesstransactionsupontheaccountingequation.(AlternatetoProblem2–3.)Prepareabalancesheetfromalistofbalancesheetitemsinrandomorder.Determinetheamountofoneitemasaplugfigure.Alsoevaluatethecompany’ssolvency.Effectsoftransactionsupontheaccountingequationareillustratedintabularform.Studentsareaskedtowriteasentenceortwoexplainingthenatureofeachtransaction.GoldstarCommunications/DeltaCorporationShowintabularformtheeffectsofvariousbusinesstransactionsupontheaccountingequation.(Problem2–4isanalternate.)JudgmentNote:AdditionalInternetassignmentsforthischapterareavailablebothinAppendixBandonourhomepage:©TheMcGraw-HillCompanies,Inc.,2012OverviewandDesc.ofCasesProblems(cont'd)HereCometheClowns/CircusWorldWilsonFarms,Inc./AppleValleyFarmsTheOvenBakery/TheCityButcherTheSweetSodaShop/TheCandyShopBerkeleyPlayhouse/OldTownPlayhouseBigScreenScripts/HitScriptsCriticalThinkingCasesContentofaBalanceSheetUsingFinancialStatements*Omitstimerequiredtoobtainanannualreport.2.5A,B20Medium2.6A,B20MediumPreparationofabalancesheetforacircus—anentitywithanunusualvarietyofassetaccounts.Alsorequiresstudentstoexplaintheeffectsuponthisbalancesheetofafirethatdestroysoneoftheassets.(Problem2–6isanalternate.)Prepareabalancesheetforafarm—anentitywithawidevarietyofassets.Also,explaintheeffectsuponthisbalancesheetofthedestructionofoneoftheassets.(AlternatetoProblem2–5.)2.7A,B35Medium2.8A,B40StrongPrepareabalancesheetfromanalphabeticallistingofaccounts,andprepareasecondbalancesheetandastatementofcashflowsaftersomeadditionaltransactions.Evaluatethecompany’srelativesolvencyateachdate.Thestudentisaskedtoprepareabalancesheetfromanalphabeticallistofaccountsandthentoprepareasecondbalancesheetaswellasanincomestatementandastatementofcashflows,afterseveraltransactions.Evaluatethecompany’srelativesolve