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Problem Solving Survival Guide to accompany Intermediate Accounting, Volume 1: Chapters 1 - 14, 15th Edition

Book Description

Quickly acquire the knowledge and skills you need to confidently administer, score, and interpret the WAIS-IV. Providing a clinically rich and innovative theory-based interpretive system, this book offers state-of-the-art interpretation of the most popular intelligence test for adults. In addition, the book is packaged with a CD-ROM containing scoring tables, case report material, worksheets, and a user-friendly software program that fully automates the interpretive system, making Essentials of WAIS-IV Assessment, Second Edition, the best and most authoritative resource of information on this test. Updated with all of the new research, reviews, and interpretive guidelines: Incorporates new research findings on the psychometric quality and clinical utility of the WAIS-IV The interpretive system is greatly enhanced by offering the new five-factor CHC approach for ages 16-90 years Includes important new insights about administering and scoring subtests Includes new chapter on the latest WAIS-IV innovation--Q-interactive(TM)--that allows clinicians to administer WAIS-IV digitallyIncludes information about interpretation across different cultural and linguistic groups Provides important new coverage of the Flynn Effect ABOUT THE CD-ROM The updated CD-ROM contains scoring tables, case report material, worksheets, and a user-friendly software program that fully automates the interpretive system.

Note: The ebook version does not provide access to the companion files.

Table of Contents

  1. Cover Page
  2. Title Page
  3. Copyright
  4. Contents
  5. PREFACE: To the Student
  6. HOW TO STUDY ACCOUNTING
  7. HOW TO APPROACH A MULTIPLE CHOICE EXAMINATION
  8. CHAPTER 1: FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. CASE 1-1
    5. CASE 1-2
    6. Instructions
    7. Solution to Case 1-2
    8. CASE 1-3
    9. Solution to Case 1-3
    10. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  9. CHAPTER 2: CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. ILLUSTRATION 2-1 CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING (L.O. 2 THRU 8)
    5. ILLUSTRATION 2-2 HIERARCHY OF ACCOUNTING QUALITIES (L.O. 4)
    6. CASE 2-1
    7. Instructions
    8. Solution to Case 2-1
    9. ILLUSTRATION 2-3 ELEMENTS OF FINANCIAL STATEMENTS (L.O. 5)
    10. ILLUSTRATION 2-4 BASIC ACCOUNTING ASSUMPTIONS, PRINCIPLES, AND CONSTRAINTS (L.O. 6, 7, and 8)
    11. CASE 2-2
    12. Instructions
    13. Solution to Case 2-2
    14. CASE 2-3
    15. Instructions
    16. Solution to Case 2-3
    17. ILLUSTRATION 2-5 FAIR VALUE BASIS (MEASUREMENT) (L.O. 7)
    18. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  10. CHAPTER 3: THE ACCOUNTING INFORMATION SYSTEM
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. ILLUSTRATION 3-1 DOUBLE-ENTRY (DEBIT AND CREDIT) ACCOUNTING SYSTEM (L.O. 2)
    5. EXERCISE 3-1
    6. Solution to Exercise 3-1
    7. EXERCISE 3-2
    8. SOLUTION TO EXERCISE 3-2
    9. EXERCISE 3-3
    10. Solution to Exercise 3-3
    11. EXERCISE 3-4
    12. Instructions
    13. SOLUTION TO EXERCISE 3-4
    14. EXERCISE 3-5
    15. SOLUTION TO EXERCISE 3-5
    16. EXERCISE 3-6
    17. SOLUTION TO EXERCISE 3-6
    18. EXERCISE 3-7
    19. SOLUTION TO EXERCISE 3-7
    20. EXERCISE 3-8
    21. Instructions
    22. Solution to Exercise 3-8
    23. ILLUSTRATION 3-2 CONVERSION FROM CASH BASIS ACCOUNTING TO ACCRUAL BASIS ACCOUNTING (L.O. 9)
    24. EXERCISE 3-9
    25. Instructions
    26. Solution to Exercise 3-9
    27. EXERCISE 3-10
    28. Instructions
    29. Solution to Exercise 3-10
    30. EXERCISE 3-11
    31. Instructions
    32. Solution to Exercise 3-11
    33. EXERCISE 3-12
    34. Instructions
    35. Solution to Exercise 3-12
    36. EXERCISE 3-13
    37. Instructions
    38. Solution to Exercise 3-13
    39. ILLUSTRATION 3-3 SUMMARY OF ADJUSTMENT RELATIONSHIPS AND EXPLANATIONS (L.O. 5, 10)
    40. ILLUSTRATION 3-4 ALTERNATIVE TREATMENTS OF PREPAID EXPENSES AND UNEARNED REVENUES (L.O. 5, 10)
    41. EXERCISE 3-14
    42. Instructions
    43. Solution to Exercise 3-14
    44. EXERCISE 3-15
    45. Solution to Exercise 3-15
    46. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  11. CHAPTER 4: INCOME STATEMENT AND RELATED INFORMATION
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. EXERCISE 4-1
    5. Instructions
    6. Solution to Exercise 4-1
    7. ILLUSTRATION 4-1 ELEMENTS OF THE INCOME STATEMENT (L.O. 2)
    8. ILLUSTRATION 4-2 SECTIONS OF A MULTIPLE-STEP INCOME STATEMENT (L.O. 3)
    9. EXERCISE 4-2
    10. Instructions
    11. Solution to Exercise 4-2
    12. EXERCISE 4-3
    13. Instructions
    14. Solution to Exercise 4-3
    15. ILLUSTRATION 4-3 TREATMENT OF IRREGULAR ITEMS (L.O. 4)
    16. EXERCISE 4-4
    17. Instructions
    18. Solution to Exercise 4-4
    19. EXERCISE 4-5
    20. Instructions
    21. Solution to Exercise 4-5
    22. EXERCISE 4-6
    23. Instructions:
    24. Solution to Exercise 4-6
    25. ILLUSTRATION 4-4 NET INCOME AND COMPREHENSIVE INCOME (L.O. 8)
    26. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  12. CHAPTER 5: BALANCE SHEET AND STATEMENT OF CASH FLOWS
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. ILLUSTRATION 5-1 BALANCE SHEET CLASSIFICATIONS (L.O. 2)
    5. EXERCISE 5-1
    6. Instructions
    7. Solution to Exercise 5-1
    8. EXERCISE 5-2
    9. Instructions
    10. Solution to Exercise 5-2
    11. EXERCISE 5-3
    12. Instructions
    13. Solution to Exercise 5-3
    14. ILLUSTRATION 5-2 OPERATING, INVESTING, AND FINANCING ACTIVITIES (L.O. 5)
    15. EXERCISE 5-4
    16. Instructions
    17. Solution to Exercise 5-4
    18. EXERCISE 5-5
    19. Instructions
    20. Solution to Exercise 5-5
    21. EXERCISE 5-6
    22. Instructions
    23. Solution to Exercise 5-6
    24. ILLUSTRATION 5-3 A SUMMARY OF FINANCIAL RATIOS (L.O. 10)
    25. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  13. CHAPTER 6: ACCOUNTING AND THE TIME VALUE OF MONEY
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. ILLUSTRATION 6-1 PRESENT VALUE-BASED ACCOUNTING MEASUREMENTS (L.O. 1)
    5. ILLUSTRATION 6-2 FUNDAMENTAL CONCEPTS UNDERLYING FUTURE VALUE AND PRESENT VALUE PROBLEMS (L.O. 2, 3, 4)
    6. ILLUSTRATION 6-3 STEPS IN SOLVING FUTURE VALUE AND PRESENT VALUE PROBLEMS (L.O. 5, 6, 7)
    7. ILLUSTRATION 6-4 STEPS IN SOLVING FUTURE VALUE AND PRESENT VALUE PROBLEMS ILLUSTRATED (L.O. 5, 6, 7)
    8. ILLUSTRATION 6-5 SUMMARY OF SIX TYPES OF FUTURE VALUE AND PRESENT VALUE PROBLEMS (L.O. 5, 6, 7)
    9. EXERCISE 6-1
    10. Instructions
    11. Solution to Exercise 6-1
    12. EXERCISE 6-2
    13. Instructions
    14. Solution to Exercise 6-2
    15. EXERCISE 6-3
    16. Instructions
    17. Solution to Exercise 6-3
    18. EXERCISE 6-4
    19. Instructions
    20. Solution to Exercise 6-4
    21. EXERCISE 6-5
    22. Instructions
    23. Solution to Exercise 6-5
    24. EXERCISE 6-6
    25. Instructions
    26. Solution to Exercise 6-6
    27. ILLUSTRATION 6-6 USING FINANCIAL CALCULATORS
    28. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  14. CHAPTER 7: CASH AND RECEIVABLES
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. EXERCISE 7-1
    5. Instructions
    6. Solution to Exercise 7-1
    7. EXERCISE 7-2
    8. Instructions:
    9. SOLUTION TO EXERCISE 7-2
    10. ILLUSTRATION 7-1 ENTRIES FOR THE ALLOWANCE METHOD (L.O. 5)
    11. CASE 7-1
    12. Instructions
    13. Solution Case 7-1
    14. EXERCISE 7-3
    15. Instructions
    16. Solution to Exercise 7-3
    17. EXERCISE 7-4
    18. Instructions
    19. Solution to Exercise 7-4
    20. EXERCISE 7-5
    21. Instructions
    22. Solution to Exercise 7-5
    23. ILLUSTRATION 7-2 FAIR VALUE MEASUREMENT OF NOTES RECEIVABLE (L.O. 7)
    24. ILLUSTRATION 7-3 ACCOUNTING FOR TRANSFERS OF RECEIVABLES (L.O. 8)
    25. EXERCISE 7-6
    26. Instructions
    27. Solution to Exercise 7-6
    28. EXERCISE 7-7
    29. Instructions
    30. Solution to Exercise 7-7
    31. ILLUSTRATION 7-4 TWO FORMATS FOR BANK RECONCILIATIONS (L.O. 10)
    32. EXERCISE 7-8
    33. Instructions
    34. Solution to Exercise 7-8
    35. EXERCISE 7-9
    36. Instructions
    37. Solution to Exercise 7-9
    38. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  15. CHAPTER 8: VALUATION OF INVENTORIES: A COST-BASIS APPROACH
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. ILLUSTRATION 8-1 PERPETUAL VS. PERIODIC INVENTORY SYSTEMS (L.O. 2)
    5. ILLUSTRATION 8-2 RECORDING PURCHASES DISCOUNTS—GROSS AND NET METHODS (L.O. 4)
    6. EXERCISE 8-1
    7. Solution to Exercise 8-1
    8. EXERCISE 8-2
    9. Instructions
    10. Solution to Exercise 8-2
    11. EXERCISE 8-3
    12. Instructions
    13. Solution to Exercise 8-3
    14. EXERCISE 8-4
    15. Instructions
    16. Solution to Exercise 8-4
    17. EXERCISE 8-5
    18. Instructions
    19. Solution to Exercise 8-5
    20. EXERCISE 8-6
    21. Instructions
    22. Solution to Exercise 8-6
    23. CASE 8-1
    24. Instructions
    25. Solution to Case 8-1
    26. EXERCISE 8-7
    27. Instructions
    28. Solution to Exercise 8-7
    29. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  16. CHAPTER 9: INVENTORIES: ADDITIONAL VALUATION ISSUES
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. EXERCISE 9-1
    5. Instructions
    6. Solution to Exercise 9-1
    7. EXERCISE 9-2
    8. Instructions
    9. Solution to Exercise 9-2
    10. CASE 9-1
    11. Instructions
    12. Solution to Case 9-1
    13. EXERCISE 9-3
    14. Instructions
    15. Solution to Exercise 9-3
    16. EXERCISE 9-4
    17. Instructions
    18. Solution to Exercise 9-4
    19. ILLUSTRATION 9-1 WHAT IS INCLUDED IN A CONVENTIONAL RETAIL INVENTORY COMPUTATION? (L.O. 6)
    20. ILLUSTRATION 9-2 HOW TO COMPUTE AND APPLY THE COST/RETAIL RATIO FOR THE RETAIL METHOD (L.O. 6, 8)
    21. EXERCISE 9-5
    22. Instructions
    23. Solution to Exercise 9-5
    24. EXERCISE 9-6
    25. Instructions
    26. Solution to Exercise 9-6
    27. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  17. CHAPTER 10: ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND EQUIPMENT
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. CASE 10-1
    5. Instructions
    6. Solution to Case 10-1
    7. EXERCISE 10-1
    8. Instructions
    9. Solution to Exercise 10-1
    10. EXERCISE 10-2
    11. Instructions
    12. Solution to Exercise 10-2
    13. CASE 10-2
    14. Instructions
    15. Solution to Case 10-2
    16. EXERCISE 10-3
    17. Instructions
    18. Solution to Exercise 10-3
    19. EXERCISE 10-4
    20. Solution to Exercise 10-4
    21. EXERCISE 10-5
    22. Instructions
    23. Solution to Exercise 10-5
    24. ILLUSTRATION 10-1 SUMMARY OF REQUIREMENTS FOR RECOGNIZING GAINS AND LOSSES ON EXCHANGES OF NONMONETARY ASSETS (L.O. 5)
    25. EXERCISE 10-6
    26. Instructions
    27. Solution to Exercise 10-6
    28. ILLUSTRATION 10-2 EXPENDITURES SUBSEQUENT TO ACQUISITION (L.O. 6)
    29. CASE 10-3
    30. Instructions
    31. Solution to Case 10-3
    32. EXERCISE 10-7
    33. Instructions
    34. Solution to Exercise 10-7
    35. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  18. CHAPTER 11: DEPRECIATION, IMPAIRMENTS, AND DEPLETION
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. CASE 11-1
    5. Instructions
    6. Solution to Case 11-1
    7. EXERCISE 11-1
    8. Instructions
    9. Solution to Exercise 11-1
    10. EXERCISE 11-2
    11. Solution to Exercise 11-2
    12. EXERCISE 11-3
    13. Instructions
    14. Solution to Exercise 11-3
    15. EXERCISE 11-4
    16. Instructions
    17. Solution to Exercise 11-4
    18. EXERCISE 11-5
    19. Instructions
    20. Solution to Exercise 11-5
    21. EXERCISE 11-6
    22. Instructions
    23. Solution to Exercise 11-6
    24. EXERCISE 11-7
    25. Instructions
    26. Solution to Exercise 11-7
    27. ILLUSTRATION 11-1 ACCOUNTING FOR IMPAIRMENTS (L.O. 5)
    28. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  19. CHAPTER 12: INTANGIBLE ASSETS
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. CASE 12-1
    5. Solution to Case 12-1
    6. EXERCISE 12-1
    7. Instructions
    8. Solution to Exercise 12-1
    9. EXERCISE 12-2
    10. Instructions
    11. Solution to Exercise 12-2
    12. EXERCISE 12-3
    13. Instructions
    14. Solution to Exercise 12-3
    15. ILLUSTRATION 12-2 ACCOUNTING FOR IMPAIRMENTS OF PROPERTY, PLANT AND EQUIPMENT AND LIMITED LIFE INTAGIBLES (L.O.6)
    16. CASE 12-2
    17. Solution to Case 12-2
    18. EXERCISE 12-4
    19. Instructions
    20. Solution to Exercise 12-4
    21. ILLUSTRATION 12-3 ACCOUNTING FOR R & D ACTIVITIES (L.O. 8)
    22. EXERCISE 12-5
    23. Instructions
    24. Solution to Exercise 12-5
    25. CASE 12-3
    26. Instructions
    27. SOLUTION TO CASE 12-3
    28. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
    29. IFRS Insights
  20. CHAPTER 13: CURRENT LIABILITIES AND CONTINGENCIES
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. EXERCISE 13-1
    5. Instructions
    6. Solution to Exercise 13-1
    7. EXERCISE 13-2
    8. Instructions
    9. Solution to Exercise 13-2
    10. EXERCISE 13-3
    11. Instructions
    12. Solution to Exercise 13-3
    13. EXERCISE 13-4
    14. Instructions
    15. Solution to Exercise 13-4
    16. EXERCISE 13-5
    17. SOLUTION TO EXERCISE 13-5
    18. ILLUSTRATION 13-1 ACCOUNTING TREATMENT OF LOSS CONTINGENCIES (L.O. 4, 5)
    19. EXERCISE 13-6
    20. Solution to Exercise 13-6
    21. EXERCISE 13-7
    22. Instructions
    23. Solution to Exercise 13-7
    24. EXERCISE 13-8
    25. Instructions
    26. Solution to Exercise 13-8
    27. EXERCISE 13-9
    28. Instructions
    29. Solution to Exercise 13-9
    30. EXERCISE 13-10
    31. Instructions
    32. Solution to Exercise 13-10
    33. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS
  21. CHAPTER 14: LONG-TERM LIABILITIES
    1. OVERVIEW
    2. SUMMARY OF LEARNING OBJECTIVES
    3. TIPS ON CHAPTER TOPICS
    4. ILLUSTRATION 14-1 COMPUTATION AND PROOF OF BOND ISSUANCE PRICE (L.O. 3, 4)
    5. ILLUSTRATION 14-2 FORMATS FOR COMMON COMPUTATIONS INVOLVING BONDS PAYABLE (L.O. 4)
    6. EXERCISE 14-1
    7. Instructions
    8. Solution to Exercise 14-1
    9. ILLUSTRATION 14-3 GRAPH TO DEPICT INTEREST PATTERNS FOR BONDS (L.O. 4)
    10. EXERCISE 14-2
    11. Instructions
    12. Solution to Exercise 14-2
    13. EXERCISE 14-3
    14. Instructions
    15. Solution to Exercise 14-3
    16. EXERCISE 14-4
    17. Instructions
    18. Solution to Exercise 14-4
    19. EXERCISE 14-5
    20. Instructions
    21. Solution to Exercise 14-5
    22. EXERCISE 14-6
    23. Instructions
    24. Solution to Exercise 14-6
    25. EXERCISE 14-7
    26. Instructions
    27. SOLUTION TO EXERCISE 14-7
    28. EXERCISE 14-8
    29. Instructions
    30. SOLUTION TO EXERCISE 14-8
    31. EXERCISE 14-9
    32. Solution to Exercise 14-9
    33. ILLUSTRATION 14-5 SUMMARY OF ACCOUNTING FOR IMPAIRMENT AND TROUBLED DEBT RESTRUCTURINGS (L.O. 10)
    34. EXERCISE 14-10
    35. Instructions
    36. Solution to Exercise 14-10
    37. ANALYSIS OF MULTIPLE-CHOICE TYPE QUESTIONS