西方财务会计003

BriefExercisesB.Ex.3.1B.Ex.3.2B.Ex.3.3B.Ex.3.4AnalysisB.Ex.3.5B.Ex.3.6B.Ex.3.7B.Ex.3.8B.Ex.3.9B.Ex.3.10Exercises3.13.23.33.43.53.6Analysis3.73.8Revenue,expenses,anddividendsAnalysis3.9FinancialstatementeffectsAnalysis3.10PreparingatrialbalanceAnalysis3.11PreparingatrialbalanceAnalysis3.123.133.14Analysis3.15Communication,analysis1–3,7,10RealWorld:HomeDepot,Inc.UsinganannualreportLearningAccountingterminologyThematchingprincipleJournalandledgerrelationshipsCHAPTER3THEACCOUNTINGCYCLE:CAPTURINGECONOMICEVENTSOVERVIEWOFBRIEFEXERCISES,EXERCISES,PROBLEMS,ANDCRITICALTHINKINGCASESObjectivesAnalysis2–62–6Analysis3,5,8,93,5,8,9PreparingatrialbalanceAccountingequationrelationshipsAnalysis,communicationAnalysisRealWorld:AppleComputerNetincomeandowners’equity3,6,83,6,8PreparingatrialbalanceAnalyzingtransactionsAnalyzingtransactionsAnalysisAnalysisAnalysis6,76,7AnalysisTheaccountingcycleAnalysisSkillsDebitandcreditrulesAnalysisAnalysisAnalysis,judgmentAnalysis,judgmentRecordingtransactionsTopic1,2,5,9,103–57,83,8ChangesinretainedearningsMatchingprincipleRevenuerealizationRecordingtransactionsRealizationandmatchingprinciplesLearningObjectives3,66,76,76,7Expenserecognition92–5RevenuerealizationAccountingequationrelationships6,84,6–83,5,8,93,6,7Analysis6,7Communication,analysisTopicAnalysisAnalysis1–10Skills©TheMcGraw-HillCompanies,Inc.,2012OverviewProblemsSetsA,B3.1A,B3.2A,BRecordingjournalentriesand3.3A,B3.4A,B3.5A,B3.6A,BShortcomprehensiveproblem3.7A,BShortcomprehensiveproblem3.8A,B3.1Revenuerecognition7,103.2Incomemeasurement6,7,103.36,7,103.46Communication,judgmentCommunication,judgment,analysisRecordingjournalentriesandidentifyingtheireffectsontheaccountingequationidentifyingtheireffectsontheaccountingequationRecordingjournalentriesandidentifyingtheireffectsontheaccountingequationTopicSkills7–9Analysis,communication1–101–10Analysis,judgment,communicationTheaccountingcycleTheaccountingcycleAnalysis,communicationLearning3–83–83–5ObjectivesAnalysis,communicationAnalysis,judgment,communicationCriticalThinkingCasesWhistle-Blowing(Ethics,fraud&corporategovernance)Analysis,communicationAnalysisAnalysis,communication,judgmentCommunication,judgment,analysisCommunication,technology,judgment,3–9RealWorld:PCConnection-Revenuefromvarioussources(Internet)3,8Analyzingtheeffectsoferrors©TheMcGraw-HillCompanies,Inc.,2012Overview(2)Problems(SetsAandB)30Medium30Medium35Medium60Strong50Strong50Strong50StrongHomeTeamCorporation/BlindRiver,Inc.3.6A,BDonegan'sLawnCareService/ClownAround,Inc.Requiresstudentstojournalizeandposttransactions,prepareatrialbalance,andunderstandvariousrelationshipsamongfinancialstatementelements.Requiresstudentstoanalyzetheeffectsoferrorsonfinancialstatementelements.Requiresstudentstojournalizeandposttransactions,prepareatrialbalance,andunderstandvariousrelationshipsamongfinancialstatementelements.3.7A,BSanlucas,Inc./Ahuna,Inc.3.8A,B50Strong3.4A,B3.1A,BAcompanyengagesinnumeroustransactionsduringitsfirstmonthofoperations.Studentsarerequiredtojournalizeeachtransactionandanalyzetheeffectofeachtransactionontheaccountingequation.HeartlandConstruction/NorthEnterprises3.2A,BWeidaSurveying,Inc./Dana,Inc.AerialViews/ToneDeliveries,Inc.Callsforadetailedanalysisofnumeroustransactions,journalizing,andtheapplicationoftherealizationandmatchingprinciples.3.5A,BDr.Schekter,DVM/Dr.Cravati,DMDRequiresstudentstojournalizeandposttransactions,prepareatrialbalance,andunderstandtherelationshipsbetweentheincomestatementandbalancesheet.EnvironmentalServices,Inc./Lyons,Inc.3.3A,BRequiresstudentstojournalizetransactionsandtounderstandtherelationshipbetweentheincomestatementandthebalancesheet.Requiresstudentstojournalizeandposttransactions,prepareatrialbalance,andunderstandtherelationshipsbetweentheincomestatementandbalancesheet.©TheMcGraw-HillCompanies,Inc.,2012Desc.ofProblemsCriticalThinkingCasesRevenueRecognition15MediumMeasuringIncomeWhistle-Blowing5EasyEthics,Fraud&CorporateGovernancePCConnection10EasyRevenuefromVariousSourcesInternet3.13.2Requiresstudentstodrawconclusionsconcerningthepointatwhichvariouscompaniesshouldrecognizerevenue.Studentsaretodeterminewhetheracompany’smethodsofmeasuringincomearefairandreasonable.Alsorequiresstudentstodistinguishbetweennetincomeandcashflow.30StrongUsing10-Kreports,studentsareaskedtoidentifyrevenuefromvarioussources.3.3Studentsareaskedtoconsiderthelegalandethicalimplicationsofengaginginfraudulentreportingactivities.3.4©TheMcGraw-HillCompanies,Inc.,2012Desc.ofCasesSUGGESTEDANSWERSTODISCUSSIONQUESTIONS1.2.3.Assetaccounts:b.DecreasesarerecordedbycreditsLiabilityandowners’equityaccounts:a.Increasesarerecordedbycreditsb.Decreasesarerecordedbydebits4.5.No,thetermdebitmeansanentryontheleft-handsideofanaccount;thetermcreditsimplymeansanentryontheright-handsideofanaccount.Consequently,thetermdebitmeansincreasewhenappliedtoanassetaccount,butitsignifiesadecreasewhenappliedtoaliabilityorowners’equityaccount.Thetermcreditmeansdecreasewhenappliedtoanassetaccount,butitsignifiesanincreasewhenappliedtoaliabilityorowne