西方财务会计04

BriefExercisesB.Ex.4.1B.Ex.4.2B.Ex.4.3B.Ex.4.4AnalysisB.Ex.4.5B.Ex.4.6B.Ex.4.7B.Ex.4.8B.Ex.4.9B.Ex.4.10LearningObjectives4.11–94.21–6,94.31-74.4Deferredexpensesandrevenue1-7Analysis4.5Accruedrevenue1-7Analysis4.61,2,4Analysis4.7Accrualsanddeferrals1-6,9Analysis4.8Notespayableandinterest1,2,5Analysis4.91–7,94.101,3–5,74.111,4,7Deferredrevenue4.121–7,94.13Effectsofadjustingentries1–6Analysis4.141–84.151,23TopicObjectivesDeferredexpensesandrevenue5OVERVIEWOFBRIEFEXERCISES,EXERCISES,PROBLEMS,ANDCRITICALTHINKINGCASESLearningSkillsAccruedinterest5Unearnedrevenue4Accruedsalaries5CHAPTER4THEACCOUNTINGCYCLE:ACCRUALSANDDEFERRALSExercises6AnalysisAnalysisAnalysisAnalysisAccruedtaxesAnalysisAnalysisAnalyzingtheadjustedtrialbalanceRealWorld:HomeDepotUsinganannualreportAdjustmentsandthebalancesheetAnalysisCommunication,analysisAccountingprinciplesAnalysisAccountingforsuppliesAnalysisAccountingfordepreciation3Accruedrevenue3,4AnalysisDeferredexpensesandrevenue3,4AnalysisConceptofmaterialityInterpretingbusinesstransactions8DeferredexpensesandrevenueRealWorld:VariousfirmsSkillsAnalysis,judgmentCommunication,analysisAnalysis,judgmentCommunication,analysis,judgmentJudgment,communication,analysisTopicDeferredrevenueRealWorld:AmericanAirlinesEffectsofadjustingentriesAccountingterminologyAnalysis©TheMcGraw-HillCompanies,Inc.,2012OverviewProblemsLearningSetsA,BObjectives4.1A,B1-74.2A,B1–6,94.3A,BAnalysisofadjusteddata1–7,94.4A,B1–7,94.5A,B1–7,94.6A,BPreparingandanalyzingadjustingentries1–7,94.7A,BPreparingandanalyzingadjustingentries1–7,94.8A,B1–7,94.11–74.2RealWorld:Avis8Theconceptofmateriality4.33,7,84.4accountsinvolvedinadjusting1–6Analysis,communicationAnalysis,communicationSkillsCriticalThinkingCasesRealWorld:HersheyIdentifyingDeterminingwhetheradjustingentriesarerequiredTopicPreparingandanalyzingadjustingentriesCommunication,technology,judgment,researchAnalysis,communicationAnalysis,communicationAnalysis,judgment,communicationCommunication,judgment,analysisAnalysis,judgment,communicationAnalysisPreparingandanalyzingadjustingentriesAnalysis,communicationAnalyzingtheeffectsoferrorsPreparingandanalyzingadjustingentriesAnalysis,communicationprocess(Internet)ExpenseManipulation(Ethics,fraud&corporategovernance)PreparingandanalyzingadjustingentriesAnalysis©TheMcGraw-HillCompanies,Inc.,2012OverviewDESCRIPTIONSOFPROBLEMSANDCRITICALTHINKINGCASESProblems(SetsAandB)4.1A,B20Easy4.2A,B40Medium4.3A,B25Strong4.4A,B4.5A,B30Medium4.6A,B30MediumRequiresstudentstoprepareadjustingentriesandinterpretfinancialinformation.Belowarebriefdescriptionsofeachproblemandcase.Thesedescriptionsareaccompaniedbytheestimatedtime(inminutes)requiredforcompletionandbyadifficultyrating.Thetimeestimatesassumeuseofthepartiallyfilled-inworkingpapers.30MediumCampusTheater/Off-CampusPlayhouseRequiresstudentstoprepareadjustingentries,analyzefinancialinformation,andinterpretdifferencesbetweenincometaxesexpenseandincometaxespayable.GunflintAdventures/RiverRatRequiresstudentstoprepareadjustingentries,classifythemasaccrualsordeferrals,anddiscussthedifferencebetweenthebookvalueofanassetanditsfairmarketvalue.Requiresstudentstoprepareadjustingentries,classifythemasaccrualsordeferrals,analyzetheireffectsonthefinancialstatements,andreportassetsatbookvalueinthebalancesheet.FloridaPalmsCountryClub/GeorgiaGunClubEnchantedForest/BigOaksTerrificTemps/MarvelousMusicRequiresstudentstoprepareadjustingentriesanddetermineamountsreportedinthefinancialstatements.AlpineExpeditions/MateEaseRequiresstudentstoprepareadjustingentries,determineamountsreportedinthefinancialstatements,andinterpretcertaindeferrals.©TheMcGraw-HillCompanies,Inc.,2012OverviewandDesc.ofCasesProblems(continued)KenHensleyEnterprises,Inc./StillmoreInvestigations60StrongRequiresstudentstojournalizeadjustingentries,prepareanadjustedtrialbalance,andunderstandvariousrelationshipsamongfinancialstatementelements.CoyneCorporation/StephenCorporationRequiresstudentstoanalyzetheeffectsoferrorsonfinancialstatementelements.CriticalThinkingCasesJudgmentsandYear-EndAdjustmentsTheConceptofMaterialityExpenseManipulationEthics,Fraud&CorporateGovernanceIdentifyingAccountsInternet4.330Medium4.225Medium4.14.7A,B4.8A,B20StrongStudentsareaskedtoidentifyaccountsinHershey’sbalancesheetthatweremostlikelytohavebeeninvolvedinthecompany’syear-endadjustingentryprocess.4.410EasyRequiresstudentstoexercisejudgmentregardingtheneedforadjustingentries.Discussestheconceptofmateriality.ThepurchaseofautomobilesbyAvisforitsrentalfleetisusedtoillustratehowthecumulativeeffectofmanyimmaterialtransactionscanbecomematerial.Studentsmustdeterminewhetherthecapitalizationofadvertisingexpenditureswasincompliancewithgenerallyacceptedaccountingprinciples,andwhetherthedecisiontodosowasethical.10Easy©TheMcGraw-HillCompanies,Inc.,2012Desc.ofProb&CasesSUGGESTEDANSWERSTODISCUSSIONQUESTIONS1.2.3.4.5.6.Thepurposeofmakingadjustingentriesistorecognizecertainrevenueandexpensesthatarenotproperlymeasuredinthecourseofrecordingdailybusinesstransactions.Theseentrieshelpachievethegoalsof