ASSIGNMENT CLASSIFICATION TABLE

CHAPTER 1

Accounting in Action

ASSIGNMENT CLASSIFICATION TABLE

Study Objectives Questions Brief Exercises Exercises Problems Set A Problems Set B

• Identify the use and

users of accounting and the objective of financial reporting.

1, 2, 3, 4,

5

1, 2 1 1 1

• Compare different

forms of business organizations and explain how Canadian accounting standards apply to these organizations.

6, 7, 8, 9 3, 4, 10 2, 3, 7 2, 5, 2, 5, 11

• Describe the

components of the financial statements and explain the accounting equation.

10, 11, 12,

13, 14

5, 6, 7, 8,

9, 13, 14

3, 4, 5, 6 3, 4, 6,

7, 11

3, 4, 6, 7,

11

• Determine what events

are recognized in the financial statements and how the events are measured.

15, 16 10 7, 8 5, 7, 8,

11

5, 7, 8, 11

• Analyze the effects of

business transactions on the accounting equation.

17, 18 11, 12, 13 9, 10, 11,

12

6, 7, 8,11 6, 7, 8,11

• Prepare financial

statements.

19, 20 14, 15, 16

17, 18

13, 14,

15, 16

7, 8, 9,

10, 11

7, 8, 9,

10, 11

Accounting Principles 6th Canadian Edition 6e Weygandt Kieso Kimmel Trenholm Kinnear Barlow (Solutions Manual All Chapters, 100% Original Verified, A+ Grade) Solutions Manual 1-1 Chapter 1

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Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow Accounting Principles, Sixth Canadian Edition

ASSIGNMENT CHARACTERISTICS TABLE

Problem Number Description Difficulty Level Time Allotted (min.) 1A Identify users and use of accounting information. Simple 15-20 2A Determine forms of business organization and types of accounting standards.Simple 15-20 3A Determine missing items. Moderate 20-25 4A Classify accounts and prepare accounting equation.Simple 20-30 5A Assess accounting treatment. Moderate 20-25 6A Analyze transactions and calculate owner’s equity. Simple 35-45 7A Analyze transactions and prepare balance sheet. Simple 40-50 8A Analyze transactions and prepare financial statements.Moderate 40-50 9A Prepare financial statements. Simple 35-45 10A Determine missing amounts, and comment. Moderate 35-45 11A Discuss errors and prepare corrected balance sheet.Moderate 45-55 1B Identify users and use of accounting information. Simple 15-20 2B Determine forms of business organization and types of accounting standards.Simple 15-20 3B Determine missing items. Moderate 20-25 4B Classify accounts and prepare accounting equation.Simple 20-30 5B Assess accounting treatment. Moderate 20-25 6B Analyze transactions and calculate owner’s equity. Simple 35-45 7B Analyze transactions and prepare balance sheet. Simple 40-50 8B Analyze transactions and prepare financial statements.Moderate 40-50 9B Prepare financial statements. Simple 35-45 10B Determine missing amounts, and comment. Moderate 35-45 11B Discuss errors and prepare corrected balance sheet.Moderate 45-55 Solutions Manual 1-2 Chapter 1

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Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow Accounting Principles, Sixth Canadian Edition

BLOOM’S TAXONOMY TABLE

Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of- Chapter Material

Study Objective Knowledge Comprehension Application Analysis Synthesis

Evaluat ion

• Identify the use and

users of accounting and the objective of financial reporting.Q1-4 BE1-1 E1-3

Q1-1 Q1-2 Q1-3 Q1-5 E1-1

BE1-2 P1-1A

P1-1B

• Compare different

forms of business organizations and explain how Canadian accounting standards apply to these organizations.

Q1-8

Q1-6 Q1-7 Q1-9 BE1-3 BE1-4

BE1-10

E1-2 E1-7 P1-5A P1-5B P1-2A P1-2B

P1-11B

• Describe the

components of the financial statements and explain the accounting equation .Q1-10 Q1-11 Q1-12 Q1-13 Q1-14 E1-3

BE1-5 E1-6

BE1-6 BE1-7 BE1-8 BE1-9

BE1-13

BE1-14

E1-4 E1-5 P1-3A P1-3B P1-4A P1-4B P1-6A P1-6B

P1-11A

P1-11B

• Determine what

events are recognized in the financial statements and how the events are measured.

Q1-16

Q1-15

BE1-10

E1-7 E1-8 P1-5A P1-5B P1-7A P1-7B P1-8A P1-8B

P1-11A

P1-11B

• Analyze the effects

of business transactions on the accounting equation.

Q1-17 E1-9

Q1-18 E1-10 E1-11 E1-12

BE1-11

BE1-12

BE1-13

P1-6A P1-6B P1-7A P1-7B P1-8A P1-8B

Solutions Manual 1-3 Chapter 1

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Weygandt, Kieso, Kimmel, Trenholm, Kinnear, Barlow Accounting Principles, Sixth Canadian Edition

BLOOM’S TAXONOMY TABLE (Continued) Study Objective Knowledge Comprehension Application Analysis Synthesis

Evaluat ion

P1-11A

P1-11B

• Prepare financial

statements.

Q1-19 Q1-20

BE1-14

BE1-15

BE1-16

BE1-17

BE1-18

E1-13 E1-14 E1-15 E1-16 P1-7A P1-7B P1-8A P1-8B P1-9A P1-9B

P1-10A

P1-10B

Broadening Your Perspective BYP1-1 Continuing Cookie Chronicle

BYP1-3 BYP1-4 BYP1-2

BYP1-5

BYP1-6

Solutions Manual 1-4 Chapter 1 .

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