PorterSMCh03Final

PorterSMCh03Final - CHAPTER 3 Processing Accounting...

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 3 Processing Accounting Information OVERVIEW OF EXERCISES, PROBLEMS, AND CASES Estimated Time in Learning Outcomes Exercises Minutes Level 1. Explain the difference between an external and internal event. 1 10 Easy 2. Explain the role of source documents in an accounting system. 2 10 Easy 3. Analyze the effects of transactions on the accounting equation 3 15 Mod and understand how those transactions affect the balance 4 15 Mod sheet and the income statement. 9* 20 Mod 11* 10 Mod 12* 10 Easy 13* 20 Mod 14* 30 Mod 4. Define the concept of a general ledger and understand the 5 10 Easy use of the T account as a method for analyzing transactions. 9* 20 Mod 10* 10 Mod 11* 10 Mod 12* 10 Easy 5. Explain the rules of debits and credits. 6 10 Easy 7 10 Diff 9* 20 Mod 11* 10 Mod 12* 10 Easy 13* 20 Mod 14* 30 Mod 15* 15 Mod 6. Explain the purposes of a journal and the posting process. 13* 20 Mod 14* 30 Mod 15* 15 Mod 7. Explain the purpose of a trial balance. 8 25 Mod 10* 10 Mod *Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff) 3-1 3-2 FINANCIAL ACCOUNTING SOLUTIONS MANUAL Problems Estimated and Time in Learning Outcomes Alternates Minutes Level 1. Explain the difference between an external and internal event. 1 20 Easy 5* 45 Mod 2. Explain the role of source documents in an accounting system. 5* 45 Mod 3. Analyze the effects of transactions on the accounting equation 2 60 Mod and understand how those transactions affect the balance 3 60 Mod sheet and the income statement. 4 60 Diff 6* 20 Mod 7* 60 Mod 9* 30 Mod 10* 45 Mod 11* 30 Diff 12* 75 Mod 13* 75 Mod 4. Define the concept of a general ledger and understand the 7* 60 Mod use of the T account as a method for analyzing transactions. 8* 60 Mod 10* 45 Mod 11** 30 Diff 5. Explain the rules of debits and credits. 6* 20 Mod 7* 60 Mod 9* 30 Mod 10* 45 Mod 11* 30 Diff 12* 75 Mod 13* 75 Mod 6. Explain the purposes of a journal and the posting process. 9* 30 Mod 12* 75 Mod 13* 75 Mod 7. Explain the purpose of a trial balance. 8* 60 Mod 10* 45 Mod 11* 30 Diff 12*# 75 Mod 13*# 75 Mod *Exercise, problem, or case covers two or more learning outcomes **Alternate problem only #Original problem only Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff) CHAPTER 3 PROCESSING ACCOUNTING INFORMATION 3-3 Estimated Time in Learning Outcomes Cases Minutes Level 1. Explain the difference between an external and internal event. 3* 20 Mod 2. Explain the role of source documents in an accounting system. 4* 60 Diff 3. Analyze the effects of transactions on the accounting equation 2* 15 Mod and understand how those transactions affect the balance 3* 20 Mod sheet and the income statement. 4* 60 Diff 5* 60 Mod 6* 30 Mod 4. Define the concept of a general ledger and understand the use 1 20 Mod of the T-account as a method for analyzing transactions....
View Full Document

Page1 / 75

PorterSMCh03Final - CHAPTER 3 Processing Accounting...

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