Weyg_Finl_Ch08_SM_Final - © 2009 For Instructor Use Only...

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Unformatted text preview: © 2009 For Instructor Use Only 8-1 CHAPTER 8 Internal Control and Cash ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Define internal control. 1 1 2. Identify the principles of internal control. 2, 3, 4, 5, 6, 77, 8 2 1, 2, 3, 4, 6 1A 1B 3. Explain the applications of internal control principles to cash receipts. 3, 10, 11, 12 3 2, 3, 6 1A 1B 4. Explain the applications of internal control principles to cash disbursements. 13, 14, 15, 16, 17 4 3, 4, 5, 6 1A 1B 5. Describe the operation of a petty cash fund. 18 5 6, 7 2A 2B 6. Indicate the control features of a bank account. 19 6 7. Prepare a bank reconciliation. 20, 21, 22 7, 8, 9, 10 8, 9,10, 11, 12 1A, 3A, 4A, 5A 1B, 3B, 4B, 5B 8. Explain the reporting of cash. 9, 23 11 13 © 2009 For Instructor Use Only 8-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Identify internal control weaknesses in cash receipts and cash disbursements. Complex 35–45 2A Journalize and post petty cash fund transactions. Simple 20–30 3A Prepare a bank reconciliation and adjusting entries from detailed data. Moderate 40–50 4A Prepare a bank reconciliation and adjusting entries. Simple 20–30 5A Prepare a bank reconciliation and adjusting entries. Moderate 30–40 1B Prepare comprehensive bank reconciliation with theft and internal control deficiencies. Complex 40–50 2B Journalize and post petty cash fund transactions. Simple 20–30 3B Prepare a bank reconciliation and adjusting entries from detailed data. Moderate 40–50 4B Prepare a bank reconciliation and adjusting entries. Simple 20–30 5B Prepare a bank reconciliation and adjusting entries. Moderate 30–40 © 2009 For Instructor Use Only 8-3 © 2 9 F o r In s t r u c to r U s e O n ly 8- 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. Define internal control. Q8-1 BE8-1 2. Identify the principles of internal control. Q8-2 Q8-3 Q8-4 Q8-5 Q8-6 Q8-7 Q8-8 BE8-2 E8-1 E8-3 E8-2 E8-4 P8-1A P8-1B 3. Explain the applications of internal control principles to cash receipts. Q8-3 Q8-10 Q8-11 Q8-12 BE8-3 E8-3 E8-2 P8-1A P8-1B 4. Explain the applications of internal control principles to cash disbursements. Q8-15 Q8-16 Q8-17 Q8-13 Q8-14 BE8-4 E8-3 E8-4 E8-5 P8-1A P8-1B 5. Describe the operation of a petty cash fund. Q8-18 BE8-5 E8-6 E8-7 P8-2A P8-2B 6. Indicate the control features of a bank account. Q8-19 BE8-6 7. Prepare a bank reconciliation. Q8-21 Q8-20 Q8-22 BE8-9 BE8-10 BE8-7 BE8-8 E8-8 E8-9 E8-10 E8-11 E8-12 P8-3A P8-4A P8-5A P8-3B P8-4B P8-5B P8-1B 8. Explain the reporting of cash. Q8-23 BE8-11 E8-13 Q8-9 E8-13 Broadening Your Perspective Financial Reporting Decision Making Across the Organization Comparative Analysis All About You Ethics Case Communication Exploring the Web B L O O M ’S T A X O N O M Y T A B L E © 2009...
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Weyg_Finl_Ch08_SM_Final - © 2009 For Instructor Use Only...

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