Chap002

Fundamentals of Financial Accounting with Annual Report

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Unformatted text preview: Chapter 02 - Reporting Investing and Financing Results on the Balance Sheet CHAPTER 2 REPORTING INVESTING AND FINANCING RESULTS ON THE BALANCE SHEET Student Learning Objectives and Related Assignment Materials Student Learning Objectives Mini- Exercises Exercises Coached Problems Problems (Groups A & B) Skills Development Cases Multi- chapter Material 1. Identify financial effects of common financing and investing activities. 4, 5, 6 1, 2, 3, 4*, 5, 9, 10, 11, 13, 14 1, 2, 3, 4, 5, 6 CC2† 2. Apply transaction analysis to financing and investing transactions. 3, 7, 8, 9 1, 2, 4*, 5, 8, 9, 10, 12, 13 1, 2, 3 A1, A2, A3, B1, B2, B3 4, 7 CC2† 3. Use journal entries and T-accounts to show how business transactions affect the balance sheet. 1, 2, 3, 5, 6, 10, 11, 13*, 14*, 15*, 16* 3, 6*, 7, 8, 11, 12, 13 2, 3 A2, A3, B2, B3 CC2† 4. Prepare a classified balance sheet. 4, 5, 6, 12, 17, 18 3, 9, 10, 12 2, 3 A2, A3, B2, B3 1, 2, 6 CC2† 5. Interpret the balance sheet using the current ratio and an understanding of the related concepts. 3, 19, 20, 21 1, 2, 7, 8, 11, 14 1, 2, 3 A1, A2, A3, B1, B2, B3 1, 2, 3, 4, 5, 6 CC2† * Animated solution included in the PowerPoint Slides. † CC2 is a continuing case that builds on the story of Nicole’s Getaway Spa, introduced in chapter 1. This case focuses on analyzing transactions, preparing and recording journal entries, posting to T-accounts, preparing a classified balance sheet, and interpreting the current ratio. This case will be extended in future chapters. Overview The entrepreneur from chapter 1 organizes his business as a corporation and completes financing and investing transactions to establish the business. Students learn how to analyze and record financing and investing transactions and then prepare and interpret a classified balance sheet. 2-1 Chapter 02 - Reporting Investing and Financing Results on the Balance Sheet Synopsis of Chapter Revisions • New Focus Company: Pizza Aroma, Inc. • New chapter opener • New visuals to demonstrate transaction analysis steps • IFRS spotlight on transaction analysis skills • New discussion of surviving the credit crisis with a strong balance sheet • Introduction of the current ratio • One new question, eight new mini-exercises, one new exercise, and three new cases. • One new continuing case PowerPoint Slides Student Learning Objective PowerPoint® Slides 1. Identify financial effects of common financing and investing activities. 2-2 through 2-6 2. Apply transaction analysis to financing and investing transactions. 2-7 through 2-16 3. Use journal entries and T-accounts to show how business transactions affect the balance sheet. 2-17 through 2-30 4. Prepare a classified balance sheet. 2-31 through 2-33 5. Interpret the balance sheet using the current ratio and an understanding of the related concepts....
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Chap002 - Chapter 02 Reporting Investing and Financing...

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