Solutions manual for accounting principles 8th Canadian edition volume 2 by jerry Weygandt Donald Kieso All Chapters Covered

Solutions manual
accounting principles 8th Canadian edition
volume 2 by jerry Weygandt Donald Kieso
All Chapters Covered

, CHAPTER 11 u




Financial Reporting Concepts
u u




LearninguObjectives


1. Explainutheuimportanceuofuhavinguauconceptualuframeworkuofuacco
unting,uandulistutheukeyucomponents.
2. Explainutheuobjectiveuofufinancialureporting,uandudefineutheuelem
entsuofutheufinancialustatements.
3. Applyutheufundamentaluanduenhancinguqualitativeucharacteri
sticsuofutheuconceptualuframeworkutoufinancialureportingusitu
ations.
4. Applyutheurecognitionuandumeasurementucriteriauofutheucon
ceptualuframeworkutoufinancialureportingusituations.
5. Applyutheufoundationaluconcepts,uassumptions,uanduconstraintsuofu
theuconceptualuframeworkutoufinancialureportingusituations.

,SummaryuofuQuestionsubyuLearninguObjectivesuanduBloom’suTaxonomy

Item LO BT Item LO BT ItemuLO BT Item LO BT ItemuLO BT
Questions
1. 1 C 6. 3 C 11.u 3,4 C 16. 4 AN 21.u 3,5 C
2. 2 uK 7. 3 uK 12. 4 u 17. 4 uKu 22. 5 u

C C
3. 2 8. 3 13. 4 18. 4 23. 5
u u
CuA u
C C uK
4. 2 9. 3 u 14. 4 19. 4 N 24. 5 C
uK uK u
5. 3 10. 3 C 15. 4 20. 2,5 C
K AN C
K
BriefuExercises
1. 1 AP 5. 4 AP 9. 4 AP 13. 4 AP 17. 5 C
2. 2 AP 6. 4 AP 10. 4 AP 14. 4,5 C
3. 3 AP 7. 4 AP 11. 4 AP 15. 5 C
4. 4 AP 8. 4 AP 12. 4 AP 16. 5 C
Exercises
1. 2 C 4. 4 AP 7. 4 C 10. 4 AP 13. 4,5 C
2. 3 C 5. 4 K 8. 4 AP 11. 1,5 C 14. 4,5 AP
3. 3 AP 6. 4,5 AN 9. 4 AP 12. 2,4,5 AP
Problems
1.u1,2,3,4,5 AP 3. 4 AP 5. 4 AP 7. 4 AP 9. 5 AP
2. 2,3,4 AP 4. 2,4 AP 6. 4 AP 8. 2,3,4,5 AN




SolutionsuManual 11.3 Chapteru11
.

, SummaryuofuLegend:uTheufollowinguabbreviationsuwilluappearuthroughoututheusol
utionsumanualufile.

LO Learninguobjective
Bloom'suTa
BT xonomy
K Knowledge
C
Comprehensionu
AP Application
AN AnalysisuS
Synthesis
E Evaluation
Difficulty: Leveluofudifficultyu
S Simple
M Moderate
C Complex
Time: Estimatedutimeutoucompleteuinuminutes
AACSB AssociationutouAdvanceuCollegiateuSchoolsuofuBusinessuCom
munication Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec.uThinking ReflectiveuThinking
CPAuCM CPAuCanadauCompetencyuMap
Ethics
ProfessionaluanduEthicaluBehaviouruPSuan
duDM Problem-SolvinguanduDecision-
MakinguComm. Communication
Self-Mgt. Self-Management
Teamu&uLead
TeamworkuanduLeadershipuR
eporting FinancialuReporting
Stat.u&uGov.
StrategyuanduGovernanceuM
gt.uAccounting

SolutionsuManual 11.4 Chapteru11
.