Solution Manual for Accounting Principles, Volume 2, 7th Canadian Edition by Weygandt
CHAPTER 11 Financial Reporting Concepts
ASSIGNMENT CLASSIFICATION TABLE
Learning Objectives |
Questions |
Brief Exercises |
Exercises |
Problems Set A |
Problems Set B |
|
1Â |
1 |
9 |
1 |
1 |
|
2, 3, 4, 20Â |
2 |
1, 10 |
1, 2, 4, 7 |
1, 2, 4, 7 |
|
5, 6, 7, 8, 9, 10, 11, 21Â |
3 |
2, 3, |
1, 2, 7 |
1, 2, 7 |
|
11, 12, 13, 14, 15, 16, 17, 18, 19, |
4, 5, 6, 7, 8, 9, 10, 11 |
4, 5, 6, 7, 8, 10, 11, 12 |
1, 2, 3, 4, 5, 6, 7 |
1, 2, 3, 4, 5, 6, 7 |
|
20, 21, 22, 23, 24 |
11, 12, 13, 14 |
6, 9, 10, 11, 12 |
1, 7, 8 |
1, 7, 8 |
ASSIGNMENT CHARACTERISTICS TABLEÂ
Problem Number |
Description |
Difficulty Level |
Time Allotted (min.) |
1A |
Identify violations of the components of the conceptual framework. |
Complex |
45-50 |
2A |
Identify objective of financial reporting, identifying elements, and revenue and expense recognition – earnings approach. |
Moderate |
35-40 |
3A |
Identify contract components and prepare journal entries– revenue recognition contract based approach, multiple performance obligations. |
Moderate |
20-25 |
4A |
Identify elements of the financial statements – contract-based approach revenue transactions. |
Moderate |
15-20 |
5A |
Identify revenue recognition criteria and prepare journal entries–earnings approach. |
Moderate |
20-25 |
6A |
Identify contract components and prepare journal entries – revenue recognition contract-based approach, right of return. |
Moderate |
25-30 |
7A |
Identify concept or assumption violated and prepare entries. |
Moderate |
30-35 |
8A |
Explain assumptions and concepts – going concern, full disclosure. |
Moderate |
15-20 |
1B |
Identify violations of the components of the conceptual framework. |
Complex |
45-50 |
2B |
Identify objective of financial reporting, identifying elements, and revenue and expense recognition. |
Moderate |
35-40 |
3B |
Identify contract components and prepare journal entries– revenue recognition contract based approach, multiple performance obligations. |
Moderate |
20-25 |
4B |
Identify elements of the financial statements – contract-based approach revenue transactions. |
Moderate |
15-20 |
5B |
Identify revenue recognition criteria and prepare journal entries–earnings approach. |
Moderate |
20-25 |
6B |
Identify contract components and prepare journal entries – revenue recognition contract-based approach, right of return. |
Moderate |
25-30 |
7B |
Identify elements, assumptions, constraints and measurement criteria. |
Moderate |
30-35 |
8B |
Comment on application of accounting assumptions and concepts. |
Moderate |
15-20 |
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