Chapter 17 - Understanding Accounting and Financial Information Solution
TEST PLANNING TABLE FOR CHAPTER 17
Learning Objective
LL:1
Knows
... [Show More] Basic
Terms and Facts
LL:2
Understands Concepts and Principles
LL:3
Applies Principles
1. Demonstrate the role that accounting and financial information play for a business and its stakeholders. 1,2,3,4,5,6,7,8,9,10,11,
190,191,192,193,194,195,
196
12,13,14,15,16,
197,198
17,18,19,
199,200,201,202,203
2. Identify the different disciplines within the accounting profession. 20,21,22,23,24,25,26,27,
28,29,30,31,32,33,34,35,
36,37,38,39,40,
204,205,206,207,208,209,
210,211,212,213,214
41,42,43,44,45,46,47,
48,49,50,51,52,53,54~, 55~,
215,216,217,218
56,57,58,59,60,
219,220,221,222,223,
224,225,226,227,
352,353,
362*
3. List the steps in the accounting cycle, distinguish between accounting and bookkeeping, and explain how computers are used in accounting. 61,62,63,64,65,66,67,68,
69,70,71,72,73,74,75,76,
77,78,79,
228,229,230,231,232,233,
234,235,236,237,238,239,
240,241,242,243
80,81,82,83,
244,245,246,247,248
84,85,86,87,88,89,
249,250,251,252,253,
254,255,256,257,258,
354,355,
363*
4. Explain how the major financial statements differ. 90,91,92,93,94,95,96,97,
98,99,100,101,102,103,
104,105,106,107,108,109,
110,111,112,113,114,
259,260,261,262,263,264,
265,266,267,268,269,270,
271,272,273,274,275,276,
277,278,279,280,281,282,
283,284,285,286,287,288~,289~,290,291
115,116,117,118,119,
120,121,122,123,124,
125,126~,127~,128~,
129~,130~,131~,132,
133,134,
292,293,294,295,296,
297,298~,299~,300~,
301,302~
135,136,137,138,139,
140,141,142,143,144,
145,146,147,148,149,
150~,151~,152~,153~,154~,155~,156~,157,
158,159,160,161,
303,304,305,306,307,
308,309,310,311,312,
313,314,315~,316,317,318,319,
356,357,358,359~,361
364*,365~*
5. Demonstrate the application of ratio analysis in reporting financial information. 162,163,164,165,166,167,
168,169,170,171,172,173,
174,175,176,177,178,179,
180,
320,321,322,323
181,182,183,184,
324,325,326,327,328,
329,330,331,332,333,
334,335,336
185,186,187,188,189,
337,338,339,340,341,
342,343,344,345,346,
347,348,349,350,351,
360,
366*
Total number of test items: 366
True/false questions are in plain text.
Multiple choice questions are in bold text.
Questions on boxed material are in bold text with a tilde~.
Essay questions are in bold underlined text.
Minicase questions are in bold with an asterisk*. [Show Less]