CHAPTER 5 THE ACCOUNTING CYCLE: REPORTING FINANCIAL RESULTS
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS AND CRITICAL THINKING CASES
Brief Exercises B. Ex. 5.1 B. Ex. 5.2 B. Ex. 5.3 B. Ex. 5.4 B. Ex. 5.5 B. Ex. 5.6 B. Ex. 5.7 B. Ex. 5.8 B. Ex. 5.9 B. Ex. *5.10 Topic Balancing the accounting equation Financial statement relationships Classifying balance sheet accounts Closing temporary accounts Closing entries of profitable firms Closing entries of unprofitable firms After-closing trial balance Profitability and liquidity Measuring interim revenue The worksheet Learning Objectives 1, 2 1, 2 1, 2 4 4 4 5 6 7 8 Learning Objectives 1-7 1, 2, 6 1, 2, 6 2, 4, 5 2, 4, 5 3 2, 4 2, 4 2, 4 6 6 1, 2, 7 1, 2, 7 2, 3 3, 6 Skills Analysis Analysis Analysis Analysis Analysis Analysis Analysis Analysis Analysis Judgment, communication, analysis Skills Analysis Analysis Analysis Analysis, communication Analysis, communication Analysis, communication Analysis Analysis Analysis, communication Analysis Analysis Analysis Analysis Analysis Communication, analysis

Exercises 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 5.12 5.13 5.14 5.15

Topic Accounting terminology Financial statement preparation Financial statement preparation Closing and after-closing trial balance Closing and after-closing trial balance Real World: Circuit City Adequate Disclosure Closing entries of profitable firms Closing entries of unprofitable firms Adjusting versus closing entries Profitability and liquidity measures Profitability and liquidity measures Interim results Interim results Effects of accounting errors Real World: Home Depot, Inc. Using an annual report

*Supplemental Topic, " The Worksheet."

© The McGraw-Hill Companies, Inc., 2010 Overview

Problems Sets A, B 5.1 A,B 5.2 A,B 5.3 A,B 5.4 A,B 5.5 A,B 5.6 A,B *5.7 A,B 5.8 A,B

Topic Correcting classification errors Statement