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CHAPTER OUTLINE LEARNING GOALS IN-TEXT EXERCISES AND PROBLEMS
Accrual Accounting Concepts
Basic Accrual Accounting Concepts
Including the Matching Concept
Learning Goal 1:Describe basic
accrual accounting concepts,
including the matching concept.Using Accrual Concepts of Accounting
for Family Health Care’s November
Transactions
Learning Goal 2:Use accrual concepts
of accounting to analyze, record, and
summarize transactions.Exercises
3-1, 3-5
Accounting Application Problems
3-1A (spreadsheet), 3-1B (spreadsheet)The Adjustment Process
- Deferrals and Accruals
- Adjustments for Family Health Care
Learning Goal 3: Describe and
illustrate the end-of-the-period
adjustment process.Exercises
3-2, 3-6, 3-7, 3-8, 3-9, 3-10, 3-11,
3-12, 3-13, 3-14, 3-15, 3-16, 3-17,
3-18, 3-19, 3-20, 3-21, 3-22, 3-23,
3-24, 3-25
Accounting Application Problems
3-2A (spreadsheet), 3-5A (spreadsheet),
3-6A (spreadsheet), 3-2B (spreadsheet),
3-5B (spreadsheet), 3-6B (spreadsheet)Financial Statements
- Income Statement
- Retained Earnings Statement
- Balance Sheet
- Statement of Cash Flows
- Integration of Financial Statements
Learning Goal 4:Prepare financial
statements using accrual concepts of
accounting, including a classified
balance sheet.Exercises
3-3, 3-26, 3-27, 3-28, 3-29 (spread-
sheet), 3-30 (spreadsheet), 3-31
Accounting Application Problems
3-3A (spreadsheet), 3-4A (spreadsheet),
3-6A (spreadsheet), 3-3B (spreadsheet),
3-4B (spreadsheet), 3-6B (spreadsheet)Accrual and Cash Bases of Accounting
- Using the Cash Basis of Accounting
- Using the Accrual Basis of
Accounting - Summary of Differences between
the Cash and Accrual Bases
of Accounting - Family Health Care Under the Cash
and Accrual Bases of Accounting - Importance of Accrual Basis
of Accounting
Learning Goal 5: Describe how the
accrual basis of accounting enhances
the interpretation of financial
statements.The Accounting Cycle Learning Goal 6:Describe the
accounting cycle for the accrual
basis of accounting.
Accounting Application Problems
3-3A (spreadsheet), 3-3B (spreadsheet)Common-Sized Financial Statements Learning Goal 7: Describe and illustrate
how common-sized financial state-
ments can be used to analyze and
evaluate a company’s performance.
Appendix: Reconciliation: Net Cash
Flows from Operations and Net Income
Exercises
3-43