Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
8Activity
0 of .
Results for:
No results containing your search query
P. 1
ch01

ch01

Ratings: (0)|Views: 131|Likes:
Published by Rahmawati
Solution manual ch01
Solution manual ch01

More info:

Published by: Rahmawati on Oct 12, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

11/10/2012

pdf

text

original

 
 
Copyright © 2011 John Wiley & Sons, Inc. Weygandt,
IFRS,
1/e, Solutions Manual (For Instructor Use Only)
 
1-1
CHAPTER 1
Accounting in Action
ASSIGNMENT CLASSIFICATION TABLE
Study Objectives QuestionsBriefExercises Do It! ExercisesAProblemsBProblems
1. Explain whataccounting is.1, 2, 5 1, 2, 4 12. Identify the users anduses of accounting.3, 4 1 23. Understand why ethicsis a fundamental businessconcept.34. Explain accountingstandards and themeasurement principles.6, 7 1 45. Explain the monetaryunit assumption andthe economic entityassumption.8, 9, 10, 11 46. State the accountingequation, and defineits components.12, 13, 14 1, 2, 3,4, 52 5, 6,7, 111A, 2A,4A1B, 2B,4B7. Analyze the effects ofbusiness transactions onthe accounting equation.15, 16,17, 196, 7, 8, 9 3 6, 7, 8, 11 1A, 2A,4A, 5A1B, 2B,4B, 5B8. Understand the fourfinancial statementsand how they areprepared.18, 20, 2122, 2310, 11 4 9, 10, 12,13, 14, 15,16, 172A, 3A,4A, 5A2B, 3B,4B, 5B
 
 1-2
 
Copyright © 2011 John Wiley & Sons, Inc. Weygandt,
IFRS,
1/e, Solutions Manual (For Instructor Use Only)
 
ASSIGNMENT CHARACTERISTICS TABLE
ProblemNumber DescriptionDifficultyLevelTime Allotted(min.)
1A Analyze transactions and compute net income. Moderate 40–502A Analyze transactions and prepare income statement,retained earnings statement, and statement of financialposition.Moderate 50–603A Prepare income statement, retained earnings statement,and statement of financial position.Moderate 50–604A Analyze transactions and prepare financial statements. Moderate 40–505A Determine financial statement amounts and prepareretained earnings statement.Moderate 40–501B Analyze transactions and compute net income. Moderate 40–502B Analyze transactions and prepare income statement,retained earnings statement, and statement of financialposition.Moderate 50–603B Prepare income statement, retained earnings statement,and statement of financial position.Moderate 50–604B Analyze transactions and prepare financial statements. Moderate 40–505B Determine financial statement amounts and prepareretained earnings statement.Moderate 40–50
 
 
Copyright © 2011 John Wiley & Sons, Inc. Weygandt,
IFRS,
1/e, Solutions Manual (For Instructor Use Only)
 
1-3
WEYGANDT IFRS 1ECHAPTER 1ACCOUNTING IN ACTION
Number SO BT Difficulty Time (min.)
BE1 6 AP Simple 2–4BE2 6 AP Simple 3–5BE3 6 AP Moderate 4–6BE4 6 AP Moderate 4–6BE5 6 C Simple 2–4BE6 7 C Simple 2–4BE7 7 C Simple 2–4BE8 7 C Simple 2–4BE9 7 C Simple 1–2BE10 8 AP Simple 3–5BE11 8 C Simple 2–4DI1 1, 2, 4 K Simple 2–4DI2 6 K Simple 2–4DI3 7 AP Simple 6–8DI4 8 AP Moderate 8–10EX1 1 C Moderate 5–7EX2 2 C Simple 6–8EX3 3 C Moderate 6–8EX4 4, 5 C Moderate 6–8EX5 6 C Simple 4–6EX6 6, 7 C Simple 6–8EX7 6, 7 C Simple 4–6EX8 7 AP Moderate 12–15EX9 8 AP Simple 12–15EX10 8 AP Moderate 8–10EX11 6, 7 AP Moderate 6–8EX12 8 AP Simple 8–10EX13 8 AN Simple 8–10EX14 8 AP Simple 10–12EX15 8 AP Simple 6–8EX16 8 AP Moderate 6–8EX17 8 AP Moderate 8–10

Activity (8)

You've already reviewed this. Edit your review.
1 hundred reads
icetea17 liked this
Trisha Nicole liked this
Eka Jaliawaty liked this
antonia_jr liked this
Zym Zyma liked this
Rhizukia Nhya liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->