ch07 - CHAPTER 7 Accounting Principles ASSIGNMENT...

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

View Full Document Right Arrow Icon
7-1 CHAPTER 7 Accounting Principles ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Explain the meaning of generally accepted accounting principles and identify the key items of the conceptual framework. 1, 2 1, 2 2. Describe the basic objectives of financial reporting. 33 3. Discuss the qualitative characteristics of accounting information and elements of financial statements. 3, 4, 5 4, 5, 6 4. Identify the basic assumptions used by accountants. 6 7 1, 2, 3 1A, 2A, 3A 1B, 2B, 3B 5. Identify the basic princi- ples of accounting. 7, 8, 9, 10, 12 7 1, 2, 3, 4 1A, 2A, 3A 1B, 2B, 3B 6. Identify the two con- straints in accounting. 11 7, 8 1, 2, 3 3A 3B 7. Understand and analyze classified financial statements. 13, 14, 15, 16 9, 10, 11 5, 6, 7, 8, 9 4A, 5A 4B, 5B 8. Explain the accounting principles used in inter- national operations. 17, 18 10
Background image of page 1

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

View Full DocumentRight Arrow Icon
7-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Analyze transactions to identify accounting principle or assumption violated, and prepare correct entries. Moderate 20 30 2A Determine the appropriateness of journal entries in terms of generally accepted accounting principles or assumptions. Moderate 20 30 3A Identify accounting assumptions, principles, and constraints. Moderate 20 30 4A Prepare a classified balance sheet and analyze financial position. Moderate 35 45 5A Prepare a multiple-step income statement and analyze profitability. Moderate 35 45 1B Analyze transactions to identify accounting principle or assumption violated, and prepare correct entries. Moderate 20 30 2B Determine the appropriateness of journal entries in terms of generally accepted accounting principles or assumptions. Moderate 20 30 3B Identify accounting assumptions, principles, and constraints. Moderate 20 30 4B Prepare a classified balance sheet and analyze financial position. Moderate 35 45 5B Prepare a multiple-step income statement and analyze profitability. Moderate 35 45
Background image of page 2
BLOOM'S TAXONOMY TABLE 7-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1. Explain the meaning of gener- ally accepted accounting principles and identify the key items of the conceptual framework. Q7-1 Q7-2 BE7-2 BE7-1 2. Describe the basic objectives of financial reporting. Q7-3 BE7-3 3. Discuss the qualitative characteristics of accounting information and elements of financial statements. BE7-4 BE7-5 BE7-6 Q7-4 Q7-5 4. Identify the basic assumptions used by accountants. BE7-7 Q7-6 E7-1 E7-3 P7-3A P7-3B E7-2 P7-1A P7-2A P7-1B P7-2B 5. Identify the basic principles of accounting. Q7-7 Q7-8 Q7-9 Q7-10 Q7-12 E7-4 6. Identify the two constraints in Q7-11 BE7-8 7. Understand and analyze classified financial statements. Q7-14 Q7-15 Q7-16 BE7-9 BE7-10 BE7-11 E7-5 E7-6 E7-7 E7-8 E7-9 Q7-13 P7-4A P7-5A P7-4B P7-5B 8. Explain the accounting principles used in international operations. Q7-18 Q7-17 E7-10
Background image of page 3

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

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/29/2009 for the course ACC ACC363 taught by Professor Jonhson during the Spring '09 term at University of Phoenix.

Page1 / 50

ch07 - CHAPTER 7 Accounting Principles ASSIGNMENT...

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