CH23 - CHAPTER 23 Accounting Changes and Error Analysis...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: CHAPTER 23 Accounting Changes and Error Analysis ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases 1. Differences between change in principle, change in estimate, change in entity, errors. 2, 4, 5, 6, 7, 8, 11, 12, 13, 15, 16 3 1, 2, 3, 4, 5 2. Accounting changes: a. Comprehensive. 1, 2, 3, 8 1, 2, 4, 5, 6 b. Changes in estimate. 4 2, 3, 4, 16 1, 2, 5 2, 3, 4, 5 c. Changes in depreci- ation methods. 9 1. 2 1, 2, 3, 5, 6, 10, 16, 17 1, 5, 6, 7 1, 3, 4 d. Changes in account- ing for long-term con- struction contracts. 7 7 1, 2, 5 e. Change from FIFO to average cost. 8 f. Change from FIFO to LIFO. 10 9 1, 2, 5 g. Change from LIFO. 3 8 4 h. Miscellaneous. 1, 3, 8 7 1, 6 3. Correction of an error. a. Comprehensive. 14, 17, 19 7 10, 12, 15, 16, 17, 18 6, 7, 9, 10, 11, 12 2, 4, 5 b. Depreciation. 18, 21 5, 6 1, 13, 14 1, 11 c. Inventory. 20 11, 13 2, 11, 12 1, 2 23-1 ASSIGNMENT CLASSIFICATION TABLE (Continued) Topics Questions Brief Exercises Exercises Problems Cases *4. Changes between fair value and equity methods. 8, 9 19, 20 13, 14 *This material is dealt with in an Appendix to the chapter. 23-2 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E23-1 Error and change in principledepreciation. Simple 15-20 E23-2 Change in principle and change in estimatedepreciation. Moderate 30-35 E23-3 Change in principle and change in estimatedepreciation. Moderate 20-25 E23-4 Change in estimatedepreciation. Simple 10-15 E23-5 Change in principledepreciation. Simple 20-25 E23-6 Change in principledepreciation. Moderate 20-25 E23-7 Change in principlelong-term contracts. Simple 10-15 E23-8 Various changes in principleinventory methods. Moderate 20-35 E23-9 Change in principleFIFO to LIFO. Simple 10-15 E23-10 Error correction entries. Simple 15-20 E23-11 Change in principle and error; financial statements. Moderate 25-35 E23-12 Error analysis and correcting entry. Simple 10-15 E23-13 Error analysis and correcting entry. Simple 10-15 E23-14 Error analysis. Moderate 25-30 E23-15 Error analysis; correcting entries. Simple 20-25 E23-16 Error analysis. Moderate 20-25 E23-17 Error analysis. Moderate 10-15 E23-18 Error analysis. Moderate 5-10 *E23-19 Change from fair value to equity. Complex 25-30 *E23-20 Change from equity to fair value. Moderate 15-20 P23-1 Change in estimate, principle, and error correction. Moderate 30-35 P23-2 Comprehensive accounting change and error analysis problem. Complex 30-40 P23-3 Comprehensive accounting change and error analysis problem. Complex 30-40 P23-4 Change in principle (LIFO to average cost), income statements. Moderate 40-50 P23-5 Financial statement effect of changes in principle and estimate....
View Full Document

Page1 / 89

CH23 - CHAPTER 23 Accounting Changes and Error Analysis...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online