西方财务会计05

BriefExercisesB.Ex.5.1B.Ex.5.2B.Ex.5.3B.Ex.5.4AnalysisB.Ex.5.5B.Ex.5.6B.Ex.5.7B.Ex.5.8B.Ex.5.9B.Ex.*5.10LearningObjectives5.11-75.21,2,65.31,2,65.42,4,55.52,4,55.635.72,45.82,45.92,45.106Analysis5.116Analysis5.12Interimresults1,2,7Analysis5.13Interimresults1,2,7Analysis5.14Effectsofaccountingerrors2,3Analysis5.153,6*SupplementalTopic,TheWorksheet.Closingtemporaryaccounts8Analysis6ClosingentriesofprofitablefirmsAnalysisAnalysisSkillsProfitabilityandliquiditymeasuresRealWorld:HomeDepot,Inc.UsinganannualreportCommunication,analysisTheworksheet7ClosingentriesofprofitablefirmsAfter-closingtrialbalance5AnalysisAnalysisAnalysis,communicationAnalysisClosingandafter-closingtrialbalanceAccountingterminologyFinancialstatementpreparationFinancialstatementrelationships1,21,2AnalysisClassifyingbalancesheetaccountsCHAPTER5THEACCOUNTINGCYCLE:REPORTINGFINANCIALRESULTSTopicSkillsLearningBalancingtheaccountingequation1,2OVERVIEWOFBRIEFEXERCISES,EXERCISES,PROBLEMSANDCRITICALTHINKINGCASESObjectivesAnalysisAnalysisAnalysis,communicationAnalysis,communicationAnalysis,communicationAnalysisAnalysisJudgment,communication,analysisAnalysis4Analysis44ClosingentriesofunprofitablefirmsTopicProfitabilityandliquiditymeasuresProfitabilityandliquidityFinancialstatementpreparationMeasuringinterimrevenueRealWorld:BestBuyAdequateDisclosureClosingentriesofunprofitablefirmsAdjustingversusclosingentriesClosingandafter-closingtrialbalanceExercises©TheMcGraw-HillCompanies,Inc.,2012OverviewProblemsLearningSetsA,BObjectivesSkills5.1A,B1,2,4,6Analysis,communication5.2A,B1,2,4-6Analysis,communication5.3A,B1-4,6Analysis,communication5.4A,B1,2,7Analysis,communication5.5A,B1–4,6Analysis,communication5.6A,B1–4,6Analysis,communication*5.7A,B8Analysis,communication5.8A,B6Analysis,communicationCriticalThinkingCases5.135.215.335.43(Internet)RealWorld:BestBuy/TheGapEvaluatingprofitabilityandliquidityComprehensiveproblemcombiningChapter4andChapter5ComprehensiveproblemcombiningChapter4andChapter5ComprehensiveproblemcombiningChapter4andChapter5TopicStatementpreparationandclosingprocessofanunprofitablefirmInterimfinancialstatementsStatementpreparationandclosingprocessofaprofitablefirm*SupplementalTopic,TheWorksheet.(Ethics,fraud&corporategovernance)ConflictsofinterestAdequatedisclosureAnnualreportdisclosuresRealWorld:FordMotorCompanySarbanes-OxleyAct:CEOandCFOpersonalcertificationsCorrectingclassificationerrorsCommunication,technology,researchAnalysis,judgment,communicationAnalysis,communicationCommunication,judgment,analysis,research©TheMcGraw-HillCompanies,Inc.,2012Overview(p.2)DESCRIPTIONSOFPROBLEMSANDCRITICALTHINKINGCASESProblems(SetsAandB)20Easy5.2A,B30Medium5.3A,B45Strong5.4A,B5.5A,B70Strong5.6A,B70Strong*5.7A,B50Strong*SupplementalTopic,TheWorksheet.25EasyInterimfinancialstatementsarerequiredforacompanythatadjustsmonthly,butclosesatyear-end.Thisproblemgeneratesgoodclassdiscussion.MysticMasters,Inc./DebitDoctors,Inc.Belowarebriefdescriptionsofeachproblemandcase.Thesedescriptionsareaccompaniedbytheestimatedtime(inminutes)requiredforcompletionandbyadifficultyrating.Thetimeestimatesassumeuseofthepartiallyfilled-inworkingpapers.Studentsarerequiredtoprepareasetoffinancialstatementsforaprofitablecompanyfromanadjustedtrialbalance.Closingentries,anafter-closingtrialbalance,andabrieffinancialanalysisarealsorequired.Studentsarerequiredtoprepareasetoffinancialstatementsforanunprofitablecompanyfromanadjustedtrialbalance.Closingentries,anafter-closingtrialbalance,andabrieffinancialanalysisarealsorequired.ThisisacomprehensiveproblemthatrequiresstudentstocombineChapter4materialwiththatofChapter5.Anunadjustedtrialbalanceispresented.Studentsarerequiredtoprepareadjustingentriesandanadjustedtrialbalance.Fromtheiradjustedtrialbalancetheyareaskedtoprepareasetoffinancialstatements,closingentries,anafter-closingtrialbalance,andabrieffinancialanalysis.5.1A,BPartyWagon,Inc./StrongKnot,Inc.LawnPride,Inc./GardenWizardsSilverLining,Inc./NextJob,Inc.Studentsarerequiredtocorrecterrorsinasetoffinancialstatements.Uponcompletionofthecorrectedfinancialstatements,closingentriesandabrieffinancialanalysisarerequired.GuardianInsuranceAgency/SilverRealEstate5.8A,B15MediumBrushstrokeArtStudio/TouchtoneTalentAgencyThisisacomprehensiveproblemthatrequiresstudentstocombineChapter4materialwiththatofChapter5.Fromanunadjustedtrialbalance,studentsareaskedtocompletea10-columnworksheet.BestBuy/TheGap,Inc.Informationfromanactualannualreportisusedtoevaluateprofitabilityandsolvency.ThisisacomprehensiveproblemcombiningelementsofChapter4andChapter5.ItissimilarinformattoProblem5.5A,B.InternetConsultingService,Inc./CampusTheater©TheMcGraw-HillCompanies,Inc.,2012OverviewDesc.CriticalThinkingCasesAdequateDisclosure5.2Ethics,Fraud&CorporateGovernance5.3Sarbanes-OxleyActandCEO/CFOCertifications5EasyAnnualReportDisclosuresInternetNotimeestimateWorkingfortheCompetition25Strong15Easy5.45.1Studentsareaskedtoanalyzefiveitemsthatmay(ormaynot)requiredisclosureinthenotesaccompanyingthefinancialstatements.Studentsmustdefendtheir