CHAPTER 21
Accounting Changes and Error Analysis
Assignment Classification Table (By Topic)
Brief Critical Thinking
Topics Questions Exercises Exercises Problems
1. Differences between change in 2, 4, 6, 7, 8, 10 3, 5 1, 2, 3, 4
principle, change in estimate, 8, 9, 12, 13,
change in entity, errors. 15, 21
2. Accounting changes:
a. Comprehensive. 1, 3 10 3, 6 1, 2, 4, 5
b. Changes in estimate, changes 2, 3, 8, 18 4, 5, 9 8, 9, 11, 2, 4, 1, 2, 3,
in depreciation methods. 12, 13, 6, 7 4, 5, 6
14
c. Changes in accounting 2, 10 1, 2, 10 1, 6 4 1, 2
for long-term construction
contracts.
d. Change from FIFO 4, 7 3
to average cost.
21-3-274 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
, e. Change from FIFO to LIFO. 2, 11 10 1, 2
Codification Research Case (Continued)
f. Change from LIFO. 8 3 2, 3, 5, 7 1, 3
g. Miscellaneous. 1, 3, 4, 5, 8, 9, 10 1, 5
6, 7, 8, 10
3. Correction of an error.
a. Comprehensive. 8, 14, 15, 8, 9, 10 10, 15, 3, 4, 6, 7, 2, 3, 4
17, 19 16, 18, 8, 9, 10
19,
20, 21
b. Depreciation. 2, 18, 21 6, 7 11, 15, 2, 6, 8
17, 18
c. Inventory. 9, 16, 20 10 9, 17, 18 8, 10 1, 2
*4. Changes between fair value and 11, 12 22, 23 11, 12
equity methods.
*This material is dealt with in an Appendix to the chapter.
Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 21-3-275
,
, Assignment Classification Table (By Learning Objective)
Learning Objectives Brief Critical
Questions Exercises Exercises Problems Thinking
1. Discuss the types of 1, 2, 3, 4, 5, 1, 2, 3, 1, 2, 3, 4, 1, 2, 3, 4, 5, 1, 2, 3, 4, 5
accounting changes and 6, 7, 8, 9, 9, 10 5, 6, 7, 10 6
understand the accounting 10, 11
for changes in accounting
principles.
2. Describe the accounting for 12, 13 4, 5, 9 8, 9, 10, 2, 3, 4, 5 1, 2, 3, 4, 5, 6
changes in estimates and 11, 12, 13,
changes in the reporting 14
entity.
3. Describe the accounting for 15, 16, 17, 6, 7, 8, 10 9, 10, 11, 2, 3, 4, 6, 1, 2, 3, 4
correction of errors. 18, 19, 20, 15, 16, 17, 7, 8, 9, 10
21 18, 19, 20,
21
4. Analyze the effect of errors. 14 18, 19, 20, 3, 6, 7, 8,
21 9, 10
*5. Make the computations and 11, 12 22, 23 11, 12
prepare the entries
necessary to record a
change from or to the equity
method of accounting.
Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 21-3-275
Accounting Changes and Error Analysis
Assignment Classification Table (By Topic)
Brief Critical Thinking
Topics Questions Exercises Exercises Problems
1. Differences between change in 2, 4, 6, 7, 8, 10 3, 5 1, 2, 3, 4
principle, change in estimate, 8, 9, 12, 13,
change in entity, errors. 15, 21
2. Accounting changes:
a. Comprehensive. 1, 3 10 3, 6 1, 2, 4, 5
b. Changes in estimate, changes 2, 3, 8, 18 4, 5, 9 8, 9, 11, 2, 4, 1, 2, 3,
in depreciation methods. 12, 13, 6, 7 4, 5, 6
14
c. Changes in accounting 2, 10 1, 2, 10 1, 6 4 1, 2
for long-term construction
contracts.
d. Change from FIFO 4, 7 3
to average cost.
21-3-274 Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only)
, e. Change from FIFO to LIFO. 2, 11 10 1, 2
Codification Research Case (Continued)
f. Change from LIFO. 8 3 2, 3, 5, 7 1, 3
g. Miscellaneous. 1, 3, 4, 5, 8, 9, 10 1, 5
6, 7, 8, 10
3. Correction of an error.
a. Comprehensive. 8, 14, 15, 8, 9, 10 10, 15, 3, 4, 6, 7, 2, 3, 4
17, 19 16, 18, 8, 9, 10
19,
20, 21
b. Depreciation. 2, 18, 21 6, 7 11, 15, 2, 6, 8
17, 18
c. Inventory. 9, 16, 20 10 9, 17, 18 8, 10 1, 2
*4. Changes between fair value and 11, 12 22, 23 11, 12
equity methods.
*This material is dealt with in an Appendix to the chapter.
Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 21-3-275
,
, Assignment Classification Table (By Learning Objective)
Learning Objectives Brief Critical
Questions Exercises Exercises Problems Thinking
1. Discuss the types of 1, 2, 3, 4, 5, 1, 2, 3, 1, 2, 3, 4, 1, 2, 3, 4, 5, 1, 2, 3, 4, 5
accounting changes and 6, 7, 8, 9, 9, 10 5, 6, 7, 10 6
understand the accounting 10, 11
for changes in accounting
principles.
2. Describe the accounting for 12, 13 4, 5, 9 8, 9, 10, 2, 3, 4, 5 1, 2, 3, 4, 5, 6
changes in estimates and 11, 12, 13,
changes in the reporting 14
entity.
3. Describe the accounting for 15, 16, 17, 6, 7, 8, 10 9, 10, 11, 2, 3, 4, 6, 1, 2, 3, 4
correction of errors. 18, 19, 20, 15, 16, 17, 7, 8, 9, 10
21 18, 19, 20,
21
4. Analyze the effect of errors. 14 18, 19, 20, 3, 6, 7, 8,
21 9, 10
*5. Make the computations and 11, 12 22, 23 11, 12
prepare the entries
necessary to record a
change from or to the equity
method of accounting.
Copyright © 2022 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 21-3-275
