Submitted by: Submitted by mfawzi010
Views: 89
Words: 13094
Pages: 53
Category: Business and Industry
Date Submitted: 03/11/2014 03:45 PM
CHAPTER 4
[pic]
Income Measurement and Accrual Accounting
OVERVIEW OF EXERCISES, PROBLEMS, AND CASES
Estimated
Time in
Learning Objective Exercises Minutes Level
1. Explain the significance of recognition and measurement 18* 20 Diff
in the preparation and use of financial statements. 19* 15 Mod
2. Explain the differences between the cash and accrual bases 18* 20 Diff
of accounting. 19* 15 Mod
3. Describe the revenue recognition principle, and explain its 1 10 Easy
application in various situations. 18* 20 Diff
19* 15 Mod
4. Describe the matching principle and the various methods for 2 10 Mod
recognizing expenses. 20* 15 Mod
21* 15 Mod
5. Identify the four major types of adjusting entries and prepare 3 10 Easy
them for a variety of situations. 4 10 Easy
5 20 Easy
6 20 Easy
7 15 Easy
8 15 Easy
9 15 Easy
10 15 Mod
11 15 Easy
12 15 Easy
13 15 Easy
14 15 Easy
15 10 Mod
16 15 Mod
20* 15 Mod
21* 15 Mod
*Exercise, problem, or case covers two or more learning objectives
Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff)
Continued
6. Explain the steps in the accounting cycle and the significance 17 5 Easy
of each step.
Problems Estimated
and Time in
Learning Objective Alternates Minutes Level
1. Explain the significance of recognition and measurement
in the preparation and use of financial statements.
2. Explain the differences between the cash and accrual bases 9* 25 Mod
of accounting.
3. Describe the revenue recognition principle, and explain its 1 25 Mod
application in various situations. 9* 25 Mod
10* 25 Diff
11* 30 Diff
4. Describe the matching principle and the various methods for 9** 25 Mod
recognizing expenses. 10* 25 Diff
11 30 Diff
5. Identify the four major types of adjusting entries and prepare 2 20 Mod...