CHAPTER 18
REVENUE RECOGNITION
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
T
F
T
F
T
T
F
F
T
F
F
T
F
F
T
T
F
T
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
9.
1
CHAPTER 23
STATEMENT OF CASH FLOWS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
T
F
T
F
T
F
T
F
T
F
F
T
F
F
T
T
F
T
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
CHAPTER 19
ACCOUNTING FOR INCOME TAXES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
F
T
T
F
T
F
T
F
T
F
T
T
F
F
T
T
T
F
F
No.
Description
1.
2.
3.
4.
5.
6.
7.
CHAPTER 13
CURRENT LIABILITIES AND CONTINGENCIES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
F
T
T
F
F
T
F
T
F
T
F
T
F
T
T
F
F
F
T
No.
Description
1.
2.
3.
4
29096eea53d104854f69e7afc1cf6b0c6c8b91d4
Date
Open
High
Low
Close
Adj Close Volume
2010-09-01 null
null
null
null
null
null
2010-10-01
37.32 38.939999 36.240002 37.599998 25.148952
0
2010-11-01 37.740
CHAPTER 8
VALUATION OF INVENTORIES:
A COST-BASIS APPROACH
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
F
F
T
T
F
T
F
T
T
F
F
T
T
F
F
T
F
T
No.
Description
1
Group
Part 1 - Trial Balance
Transaction
Part 2 - ADJUSTMENTS
Transaction
BALANCE SHE
Cash
Short Inv.
A/R
INVESTING
Prepayments Inventory
BALANCE SHEET
PPE
IA
A/P
Accrued D
FINANCING
LTD
C.C
E.C.
INCO
Assignment 1.1: Financial Statement and Business Analysis of Google
http:/www.sec.gov/Archives/edgar/data/1288776/000119312512025336/d260164d10k.htm
Concepts:
1. What is the nature of Google's busines
The corporate scandal involving WorldCom regrettably illustrates improper cost transfers designed to achieve
higher profit levels. WorldCom did not transfer the cost from leases from the balance sheet
Golden Enterprises Inc (NMS: GLDC)
Exchange rate used is that of the Year End reported date
As Reported Annual Balance Sheet
Report Date
Currency
Audit Status
Consolidated
Cash & cash equivalents
Rece
DuPont Analysis Worksheet
Enter the data for your business in the "Data Input Area" cells below. The spreadsheet will automatically calculate all other cells.
Data Input Area
Gross Revenues
Variable E
Golden Enterprises Inc (NMS: GLDC)
Exchange rate used is that of the Year End reported date
As Reported Annual Income Statement
Report Date
Currency
Audit Status
Consolidated
Net sales
Cost of sales
G
1)Objectives of Finanical reporting 2)Qualitative Characteristics3)Elements of Fin. Statements
5)Recognition and Measurement6)Elements of Fin. Statements 7)Cash flow/Present value
8)objective/purpose
Curr Liability-probable obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current
assets, or the creation of other current liabilities. C
PBO- beg pbo + Service Cost + INT cost + prior service cost- from current period +actuarial losses incurred in current period Actuarial gains
incurred benefits paid to retirees. Plan assets- beg fair
PETER CASH BASED (no LiabilitiesFinanced through Equity)
PAUL:
Non cash Assets = 2080 (A/R.$100,
Inventory$990, PPE $990) = accruals for the
period.
Cash Flow Ops is negative.
COMPARISON IN FINANCIAL
Managing a Real Estate Portfolio: A Simulation Game
Simulation Game Objectives
In this business simulation game, based on the world-famous board game Monopoly,
each group is divided into individual pl
CHAPTER 9
INVENTORIES: ADDITIONAL VALUATION ISSUES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
F
T
F
T
T
F
F
T
F
T
F
T
F
F
T
F
T
T
No.
Description
1.
2.
3.
CHAPTER 11
DEPRECIATION, IMPAIRMENTS, AND DEPLETION
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
T
T
F
F
T
F
F
T
T
F
T
F
T
T
F
T
F
T
No.
Description
1.
2.
3
CHAPTER 12
INTANGIBLE ASSETS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
F
F
F
T
T
T
F
T
T
T
F
T
T
F
F
F
F
F
F
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
CHAPTER 10
ACQUISITION AND DISPOSITION OF
PROPERTY, PLANT, AND EQUIPMENT
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
F
T
F
T
F
F
F
T
T
T
T
F
F
T
T
F
F
T
No
CHAPTER 14
LONG-TERM LIABILITIES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
T
F
F
T
F
F
F
T
T
F
T
T
T
T
F
F
F
F
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
9.
CHAPTER 15
STOCKHOLDERS EQUITY
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
T
F
T
F
T
F
F
T
F
T
T
F
F
T
T
F
F
T
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
9.
1
CHAPTER 16
DILUTIVE SECURITIES AND EARNINGS PER SHARE
IFRS questions are available at the end of this chapter.
TRUE-FALSEDilutive SecuritiesConceptual
Answer
T
F
T
F
F
T
F
T
F
T
F
F
T
F
T
F
T.
F.
T
F
CHAPTER 17
INVESTMENTS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
F
F
T
F
T
F
T
T
F
T
F
T
F
T
F
T
F
T
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
1
CHAPTER 20
ACCOUNTING FOR PENSIONS
AND POSTRETIREMENT BENEFITS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
F
T
F
T
T
F
F
T
F
T
F
F
T
F
T
F
T
F
F
T
No.
Descript
CHAPTER 21
ACCOUNTING FOR LEASES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
T
F
F
T
F
F
T
F
F
T
F
F
T
F
T
F
T
F
T
T
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
9.
CHAPTER 22
ACCOUNTING CHANGES AND ERROR ANALYSIS
TRUE-FALSEConceptual
Answer
F
T
F
T
F
T
T
T
F
T
F
F
T
F
T
T
F
F
T
T
No.
Description
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.