Finance Accounting

In: Business and Management

Submitted By heye90
Words 14548
Pages 59
CHAPTER 3
The Accounting Information System
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Topics 1. 2. 3. 4. Transaction identification. Nominal accounts. Trial balance. Adjusting entries. Questions 1, 2, 3, 5, 6, 7, 8 4, 7 6, 10 8, 11, 13, 14 3, 4, 5, 6, 7, 8, 9, 10 2, 3, 4 5, 6, 7, 8, 9, 10, 20 11, 12, 15, 22, 23 12 9 11 13, 14, 16 14, 15 1, 2, 6, 12 15, 16, 17 18 19 12 13 18, 19 20 21, 22, 23 12 11 1, 2, 7, 8 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12 1, 2, 4, 6 1, 4, 9, 10, 12 Brief Exercises 1, 2 Exercises 1, 2, 3, 4, 17 Problems 1

5. 6. 7. 8. *9. *10. *11.

Financial statements. Closing. Inventory and cost of goods sold. Comprehensive accounting cycle. Cash vs. Accrual Basis. Reversing entries. Worksheet.

*These topics are dealt with in an Appendix to the Chapter.

Copyright © 2011 John Wiley & Sons, Inc.

Kieso, Intermediate Accounting, 14/e, Solutions Manual

(For Instructor Use Only)

3-1

ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
Learning Objectives 1. 2. 3. 4. 5. Understand basic accounting terminology. Explain double-entry rules. Identify steps in accounting cycle. Record transactions in journals, post to ledger accounts, and prepare a trial balance. Explain the reasons for preparing adjusting entries. Prepare financial statements from the adjusted trail balance. Prepare closing entries. Differentiate the cash basis of accounting from the accrual basis of accounting. Identify adjusting entries that may be reversed. Prepare a 10-column worksheet. 11 12 13 1, 2, 3, 4, 5, 6, 7 3, 4, 5, 6, 7, 8, 9, 10 1, 2, 3, 4, 17 5, 6, 7, 8, 9, 10, 20 11, 12, 15 1, 4, 9, 10 2, 3, 4, 5, 6, 7, 8, 9, 10, 12 1, 2, 4, 6, 7, 8, 9, 10, 12 1, 4, 9, 10, 12 11 Brief Exercises Exercises Problems

6.

7. *8. *9. *10.

13, 14, 16 18, 19 20 21, 22, 23

12

*These topics are dealt with in an Appendix to the Chapter.

3-2

Copyright © 2011 John Wiley…...

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