CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer F T T T F T T F F T T F T F T T F F F F No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Definition of financial accounting. Purpose of financial statements. Definition of financial accounting. Capital allocation process. Objective of financial reporting. Decision-Usefulness
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CHAPTER 1 Financial Accounting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE Topics 1. 2. 3. 4. 5. Subject matter of accounting. Environment of accounting. Role of principles‚ objectives‚ standards‚ and accounting theory. Historical development of GAAP. Authoritative pronouncements and rulemaking bodies. Role of pressure groups. Ethical issues. Questions 1 2‚ 3‚ 29 4‚ 5‚ 6‚ 7 8‚ 9‚ 10‚ 11 12‚ 13‚ 14‚ 15‚ 16‚ 17‚ 18‚ 19‚ 20‚ 21‚ 22‚ 23 23‚ 24‚ 25‚ 26‚ 27‚ 28 30 Cases 4 6‚ 7 1‚ 2‚ 3‚ 5 8
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The following selected transactions relate to contingencies of Eastern Products Inc. which began operations in July of Year 1. Eastern’s fiscal year ends on December 31. Financial statements are published in April of Year 2. Required: Prepare the appropriate journal entries that should be recorded as a result of each of these contingencies. If no journal entry is indicated‚ state why. 1. No customer accounts have been shown to be uncollectible as yet‚ but Eastern estimates that 3%
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Kieso‚ Intermediate Accounting‚ 13/e‚ Solutions Manual (For Instructor Use Only) 14-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives 1. 2. Describe the formal procedures associated with issuing long-term debt. Identify various types of bond issues. 1‚ 2 Brief Exercises Exercises Problems 3. Describe the accounting valuation for bonds at date of issuance. Apply the methods of bond discount and premium amortization. Describe the accounting for the extinguishment
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FINANCIAL ACCOUNTING II COURSE OUTLINE SEMESTER II‚ 2012 – 2013 Lecturer: Mrs. Diana Weekes-Marshall BSc‚ FCCA‚ FCA diana.weekes-marshall@cavehill.uwi.edu Room SSA5 Tel: 417-4872 (office) Office Hours: By appointment only COURSE AIMS This course builds on the foundation established in the Level I Financial Accounting courses and the Level II Intermediate Accounting course‚ ACCT 2014 Financial Accounting I. Financial Accounting II follows
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Syllabus for Accounting 3431.04 Intermediate Accounting I Spring Semester 2014 Instructor Professor Ke-an Wu Office: Suite 3-237‚ Room 9‚ Bayou Building Phone number: 281-283-3108 Email: Wukean@uhcl.edu Office hours: Wed. 3:00 to 5:00 P.M. and Thu. 2:30 to 3:30 P.M.; and by appointment Accounting Secretary Ms. Nancy Newton Office: Suite 3-237‚ Bayou Building Phone Number: 281-283-3155 Course Materials Required: Stice‚ E. and J. Stice‚ Intermediate Accounting‚ 19th edition
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Individual Assignment Problems MBAO287-ADM-471P-A: Essentials of Accounting I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Bulletin relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper‚ I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper‚ I understand
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X 120C Intermediate Accounting Theory & Practice Winter 2013 Quiz 2 Chapter 20 Chapter 21 True-False Conceptual – 40 questions Multiple Choice Conceptual – 40 questions STUDENT NAME:__RUPALI KAYPEE_______________________________ TRUE-FALSE—Conceptual Chapter 20 1. A pension plan is contributory when the employer makes payments to a funding agency. F 2. Qualified pension plans permit deductibility
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CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING IFRS questions are available at the end of this chapter. TRUe-FALSe—Conceptual Answer No. Description F 1. Nature of conceptual framework. T 2. Conceptual framework definition. F 3. Levels of conceptual framework. T 4 International conceptual framework. F 5. Statements of Financial Accounting Concepts. T 6. Decision usefulness.Objective of financial reporting. F 7. Financial statement users. T 8. Relevance and
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Econ3101 - Section 006 Intermediate Microeconomics Xavier Vinyals-Mirabent Due: Wednesday‚ February 1st‚ 2012. Solutions to Homework 1. 1 1. A consumer has preferences for two goods. Her preferences satisfy Axioms 1 through 4 as discussed in class. A v D v 10 E v 5 C v B v 0 0 5 (a) Plot and label the following bundles: A (2‚10) B (6‚2) C (0‚4) D (8‚10) E (4‚6) (b) Assume A is indifferent to B (A ∼ B). On a single line‚ list all the bundles in descending order of preference
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