AccountingPrinciples,9thCanadianEdition
TABLE OFCONTENTS
9th Canadian Edition
Accounting Principles, 9th Canadian Edition
,AccountingPrinciples,9thCanadianEdition
Volume 1
1. Accounting in Action
2. The Recording Process
3. Adjusting the Accounts
4. Completion of the Accounting Cycle
5. Accounting for Merchandising Operations
6. Inventory Costing
7. Internal Control and Cash
8. Accounting for Receivables
9. Long-Lived Assets
10. Current Liabilities and Payroll
Volume2
9. Long-Lived Assets
10. Current Liabilities and Payroll
11. Financial Reporting Concepts
12. Accounting for Partnerships
13. Introduction to Corporations
14. Corporations: Additional Topics and IFRS
15. Non-Current Liabilities
16. Investments
17. The Cash Flow Statement
18. Financial Statement Analysis
CHAPTER 1
Accounting Principles, 9th Canadian Edition
,AccountingPrinciples,9thCanadianEdition
Accounting in Action
LearningObjectives
1. Identify the use and users of accounting and the objectiv
e of financialreporting.
2. Compare the different forms of business organization.
3. Explain the building blocks of accounting: ethics and
the concepts included inthe conceptual framework.
4. Describe the components of the financial statements
and explain the accounting equation.
5. Analyze the effects of business transactions on
the accountingequation.
6. Preparefinancialstatements.
Accounting Principles, 9th Canadian Edition
, AccountingPrinciples,9thCanadianEdition
Summaryof Questions byLearning Objectives and Bloom‘s Taxonomy
Item i L
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Questions
1. 1 C 5. 3 C 9. 3 C 13. 4 K 17. 5 C
2. 1 C 6. 3 K 10. 3 C 14. 4 K 18. 5 AP
3. 1 7. 3 11. 3 15. 4 19. 6 K
C K C C
4. 2 8. 3 12. 4 16. 4 20. 6 C
K C K K
BriefExercises
1. 1 K 5. 3 C 9. 4 AP 13. 5 AP 17. 6 AP
2. 2 C 6. 3 C 10. 4 A 14. 4,5 A 18. 6 A
3. 3 AN 7. 4 11. 4 P 15. 4,6 P P
4. 3 C 8. 4 C 12. 5 16. 6
K AP
AP AP AP
Exercises
1. 1 C 5. 1,3,5 K 9. C 13. 4,5 AP 17. 6 AP
2. 1 C 6. 4 A 10. 5 C 14. 6 A
3. 2 7. 4 P 11. 5 C 15. 6 P
C
4. 3 8. 5 AP 12. 4,5 AP 16. 6 AP
C C AP
Problems
1. 1 S 4. 4 AP 7. ,4,5,6 AP 10. 6 AN
2. 2,3 AP 5. 3,5 C 8. AP 11. 3,4,5,6 AP
3. 4 AP 6. 4,6 AP 9. 6 AP
AccountingPrinciples,9thCanadianEdition
;\ ;\ ;\ ;\
TABLE OFCONTENTS
9th Canadian Edition
Accounting Principles, 9th Canadian Edition
,AccountingPrinciples,9thCanadianEdition
Volume 1
1. Accounting in Action
2. The Recording Process
3. Adjusting the Accounts
4. Completion of the Accounting Cycle
5. Accounting for Merchandising Operations
6. Inventory Costing
7. Internal Control and Cash
8. Accounting for Receivables
9. Long-Lived Assets
10. Current Liabilities and Payroll
Volume2
9. Long-Lived Assets
10. Current Liabilities and Payroll
11. Financial Reporting Concepts
12. Accounting for Partnerships
13. Introduction to Corporations
14. Corporations: Additional Topics and IFRS
15. Non-Current Liabilities
16. Investments
17. The Cash Flow Statement
18. Financial Statement Analysis
CHAPTER 1
Accounting Principles, 9th Canadian Edition
,AccountingPrinciples,9thCanadianEdition
Accounting in Action
LearningObjectives
1. Identify the use and users of accounting and the objectiv
e of financialreporting.
2. Compare the different forms of business organization.
3. Explain the building blocks of accounting: ethics and
the concepts included inthe conceptual framework.
4. Describe the components of the financial statements
and explain the accounting equation.
5. Analyze the effects of business transactions on
the accountingequation.
6. Preparefinancialstatements.
Accounting Principles, 9th Canadian Edition
, AccountingPrinciples,9thCanadianEdition
Summaryof Questions byLearning Objectives and Bloom‘s Taxonomy
Item i L
ww i Item LO BT Item i L BT
w w w w Item LO BT Item iLO BT
ww iww ww
O O
Questions
1. 1 C 5. 3 C 9. 3 C 13. 4 K 17. 5 C
2. 1 C 6. 3 K 10. 3 C 14. 4 K 18. 5 AP
3. 1 7. 3 11. 3 15. 4 19. 6 K
C K C C
4. 2 8. 3 12. 4 16. 4 20. 6 C
K C K K
BriefExercises
1. 1 K 5. 3 C 9. 4 AP 13. 5 AP 17. 6 AP
2. 2 C 6. 3 C 10. 4 A 14. 4,5 A 18. 6 A
3. 3 AN 7. 4 11. 4 P 15. 4,6 P P
4. 3 C 8. 4 C 12. 5 16. 6
K AP
AP AP AP
Exercises
1. 1 C 5. 1,3,5 K 9. C 13. 4,5 AP 17. 6 AP
2. 1 C 6. 4 A 10. 5 C 14. 6 A
3. 2 7. 4 P 11. 5 C 15. 6 P
C
4. 3 8. 5 AP 12. 4,5 AP 16. 6 AP
C C AP
Problems
1. 1 S 4. 4 AP 7. ,4,5,6 AP 10. 6 AN
2. 2,3 AP 5. 3,5 C 8. AP 11. 3,4,5,6 AP
3. 4 AP 6. 4,6 AP 9. 6 AP
AccountingPrinciples,9thCanadianEdition
;\ ;\ ;\ ;\
