Essay Dfgdfgdfg

9548 Words May 26th, 2014 39 Pages
CHAPTER 1
Accounting in Action
ASSIGNMENT CLASSIFICATION TABLE
Brief Exercises A Problems B Problems

Study Objectives 1. Explain what accounting is. Identify the users and uses of accounting. Understand why ethics is a fundamental business concept. Explain accounting standards and the measurement principles. Explain the monetary unit assumption and the economic entity assumption. State the accounting equation, and define its components. Analyze the effects of business transactions on the accounting equation. Understand the four financial statements and how they are prepared.

Questions 1, 2, 5

Do It! 1, 2, 4

Exercises 1

2.

3, 4

1

2

3.

3

4.

6, 7

1

4

5.

8, 9, 10, 11

4

6.

12, 13, 14
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3A

Moderate

50–60

4A 5A

Moderate Moderate

40–50 40–50

1B 2B

Moderate Moderate

40–50 50–60

3B

Moderate

50–60

4B 5B

Moderate Moderate

40–50 40–50

1-2

Copyright © 2011 John Wiley & Sons, Inc.

Weygandt, IFRS, 1/e, Solutions Manual

(For Instructor Use Only)

WEYGANDT IFRS 1E CHAPTER 1 ACCOUNTING IN ACTION
Number BE1 BE2 BE3 BE4 BE5 BE6 BE7 BE8 BE9 BE10 BE11 DI1 DI2 DI3 DI4 EX1 EX2 EX3 EX4 EX5 EX6 EX7 EX8 EX9 EX10 EX11 EX12 EX13 EX14 EX15 EX16 EX17 SO 6 6 6 6 6 7 7 7 7 8 8 1, 2, 4 6 7 8 1 2 3 4, 5 6 6, 7 6, 7 7 8 8 6, 7 8 8 8 8 8 8 BT AP AP AP AP C C C C C AP C K K AP AP C C C C C C C AP AP AP AP AP AN AP AP AP AP Difficulty Simple Simple Moderate Moderate Simple Simple Simple Simple Simple Simple Simple Simple Simple Simple Moderate Moderate Simple Moderate Moderate Simple Simple Simple Moderate Simple Moderate Moderate Simple Simple Simple Simple Moderate Moderate Time (min.) 2–4 3–5 4–6 4–6 2–4 2–4 2–4 2–4 1–2 3–5 2–4 2–4 2–4 6–8 8–10 5–7 6–8 6–8 6–8 4–6 6–8 4–6 12–15 12–15 8–10 6–8 8–10 8–10 10–12 6–8 6–8 8–10

Copyright © 2011 John Wiley & Sons, Inc.

Weygandt, IFRS, 1/e, Solutions Manual

(For Instructor Use Only)

1-3

ACCOUNTING IN ACTION (Continued)
Number P1A P2A P3A P4A P5A P1B P2B P3B P4B P5B BYP1 BYP2 BYP3 BYP4 BYP5 BYP6 SO 6, 7 6–8 8 6–8 7, 8 6, 7 6–8 8 6–8 7, 8 8 8 9 8 8 3 BT AP AP AP AP AP AP AP AP AP AP AN AN, E C, AN E E E Difficulty

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