ch22 - CHAPTER 22 Accounting Changes and Error Analysis...

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Unformatted text preview: CHAPTER 22 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, 7 1, 2, 4, 5, 6 b. Changes in estimate. 4 2, 3, 4, 16 1, 2, 5 2, 3, 4, 5, 7 c. Changes in depreciation methods. 9 1. 2 1, 2, 3, 5, 6, 10, 16, 17 1, 5, 6 1, 3, 4, 7 d. Changes in accounting for long-term construction contracts. 7 6 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 6 1, 6 3. Correction of an error. a. Comprehensive. 14, 17, 19 7 10, 12, 15, 16, 17, 18 5, 6, 8, 9, 10 2, 4, 5 b. Depreciation. 18, 21 5, 6 1, 13, 14 1 c. Inventory. 20 11, 13 2, 10 1, 2 *4. Changes between fair value and equity methods. 8, 9 19, 20 11, 12 *This material is dealt with in an Appendix to the chapter. 22-1 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E22-1 Error and change in principle—depreciation. Simple 15-20 E22-2 Change in principle and change in estimate—depreciation. Moderate 30-35 E22-3 Change in principle and change in estimate—depreciation. Moderate 20-25 E22-4 Change in estimate—depreciation. Simple 10-15 E22-5 Change in principle—depreciation. Simple 20-25 E22-6 Change in principle—depreciation. Moderate 20-25 E22-7 Change in principle—long-term contracts. Simple 10-15 E22-8 Various changes in principle—inventory methods. Moderate 20-35 E22-9 Change in principle—FIFO to LIFO. Simple 10-15 E22-10 Error correction entries. Simple 15-20 E22-11 Change in principle and error; financial statements. Moderate 25-35 E22-12 Error analysis and correcting entry. Simple 10-15 E22-13 Error analysis and correcting entry. Simple 10-15 E22-14 Error analysis. Moderate 25-30 E22-15 Error analysis; correcting entries. Simple 20-25 E22-16 Error analysis. Moderate 20-25 E22-17 Error analysis. Moderate 10-15 E22-18 Error analysis. Moderate 5-10 *E22-19 Change from fair value to equity. Complex 25-30 *E22-20 Change from equity to fair value. Moderate 15-20 P22-1 Change in estimate, principle, and error correction. Moderate 30-35 P22-2 Comprehensive accounting change and error analysis problem. Complex 30-40 P22-3 Comprehensive accounting change and error analysis problem. Complex 30-40 P22-4 Change in principle (LIFO to average cost), income statements. Moderate 40-50 P22-5 Error corrections. Moderate 30-35 P22-6 Error corrections and changes in principle. Moderate 25-30 P22-7 Comprehensive error analysis. Moderate 25-30 P22-8 Error analysis. Moderate 20-25 P22-9 Error analysis and correcting entries. Moderate 20-25 P22-10 Error analysis and correcting entries. Complex 50-60 *P22-11 Fair value to equity method with goodwill. Moderate 20-25 *P22-12 Change from fair value to equity method. Moderate...
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This note was uploaded on 09/24/2008 for the course UGBA 120a taught by Professor Cerf during the Summer '08 term at Berkeley.

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ch22 - CHAPTER 22 Accounting Changes and Error Analysis...

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