Equity Articulation of Financial Statements
CHAPTER 2 BASIC FINANCIAL STATEMENTS
OVERVIEW OF BRIEF EXERCISES, EXERCISES AND CRITICAL THINKING CASES
Brief Exercises B. Ex. 2.1 B. Ex. 2.2 B. Ex. 2.3 B. Ex. 2.4 B. Ex. 2.5 B. Ex. 2.6 B. Ex. 2.7 B. Ex. 2.8 B. Ex. 2.9 B. Ex. 2.10 Learning Objectives 3 3 4 4 5 5 6 8 8 7 Learning Objectives 3
Topic Recording transactions Recording transactions Computing retained earnings Computing total liabilities Computing net income Computing net income Computing change in cash Alternative forms of equity Alternative forms of equity Articulation of financial statements
Skills Analysis, communication Analysis, communication Analysis Analysis Analysis Analysis Analysis Analysis Analysis Analysis
Exercises 2.1
2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17
Topic Real World: American Airlines, Boston Celtics Nature of assets and liabilities Preparing a balance sheet Preparing a balance sheet Accounting principles and asset valuation Using the accounting equation Accounting equation Effects of business transactions Forms of business organizations Factors contributing to solvency Professional judgment Statement of cash flows Income statement Income statement Statement of cash flows Window dressing financial statement Real World: Home Depot Home Depot financial statements Real World: Intel Assessing financial results
Skills Communication
4 4 2 3 3 3 8 4 2 6 5 5 6 9 4–6 5
Analysis Analysis Communication, judgment Analysis Analysis Analysis Analysis Analysis, judgment Communication Analysis Analysis Analysis Analysis Analysis Analysis, communication Analysis, communication
© The McGraw-Hill Companies, Inc., 2010 Overview
Problems Sets A, B 2.1 A,B 2.2 A,B 2.3 A,B 2.4 A,B 2.5 A,B 2.6 A,B 2.7 A,B 2.8 A,B 2.9 A,B 2.10 A,B
Topic Preparing and evaluating a balance sheet Effects of transactions Effects of transactions Effects of transactions Preparing a balance sheet, effects of transactions Preparing a balance sheet, effects of
OVERVIEW OF BRIEF EXERCISES, EXERCISES AND CRITICAL THINKING CASES
Brief Exercises B. Ex. 2.1 B. Ex. 2.2 B. Ex. 2.3 B. Ex. 2.4 B. Ex. 2.5 B. Ex. 2.6 B. Ex. 2.7 B. Ex. 2.8 B. Ex. 2.9 B. Ex. 2.10 Learning Objectives 3 3 4 4 5 5 6 8 8 7 Learning Objectives 3
Topic Recording transactions Recording transactions Computing retained earnings Computing total liabilities Computing net income Computing net income Computing change in cash Alternative forms of equity Alternative forms of equity Articulation of financial statements
Skills Analysis, communication Analysis, communication Analysis Analysis Analysis Analysis Analysis Analysis Analysis Analysis
Exercises 2.1
2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17
Topic Real World: American Airlines, Boston Celtics Nature of assets and liabilities Preparing a balance sheet Preparing a balance sheet Accounting principles and asset valuation Using the accounting equation Accounting equation Effects of business transactions Forms of business organizations Factors contributing to solvency Professional judgment Statement of cash flows Income statement Income statement Statement of cash flows Window dressing financial statement Real World: Home Depot Home Depot financial statements Real World: Intel Assessing financial results
Skills Communication
4 4 2 3 3 3 8 4 2 6 5 5 6 9 4–6 5
Analysis Analysis Communication, judgment Analysis Analysis Analysis Analysis Analysis, judgment Communication Analysis Analysis Analysis Analysis Analysis Analysis, communication Analysis, communication
© The McGraw-Hill Companies, Inc., 2010 Overview
Problems Sets A, B 2.1 A,B 2.2 A,B 2.3 A,B 2.4 A,B 2.5 A,B 2.6 A,B 2.7 A,B 2.8 A,B 2.9 A,B 2.10 A,B
Topic Preparing and evaluating a balance sheet Effects of transactions Effects of transactions Effects of transactions Preparing a balance sheet, effects of transactions Preparing a balance sheet, effects of