中级会计学 课答案第二章.docVIP

CHAPTER 2 FINANCIAL REPORTING: ITS CONCEPTUAL FRAMEWORK CONTENT ANALYSIS OF CASES Number Content Time Range (minutes) C2-1 Qualitative Characteristics. Matching of definitions to the qualities of useful accounting information. 10-20 C2-2 Accounting Assumptions and Conventions. Matching of a list of descriptive statements with a list of assumptions and conventions. 5-15 C2-3 Objectives of Financial Reporting. Discuss general through specific objectives. 15-30 C2-4 Qualitative Characteristics. Identify and discuss qualities of useful accounting information. 20-40 C2-5 (AICPA adapted). Cost and Expense Recognition. Rationale for expense recognition at time of sale, in an accounting period, or due to systematic and rational allocation. 15-30 C2-6 (CMA adapted). Characteristics of Useful Information. Define relevance and reliability (and their ingredients), as well as comparability, consistency, and materiality. 20-30 C2-7 (CMA adapted). Objectives, Users, and Stewardship. Discuss the primary objectives of financial reporting, the sophistication level of users, and the stewardship responsibilities of management. 20-30 C2-8 Segment Reporting. Discuss what types of useful information for investment decision making is provided by a companys disclosures of the revenues, operating profits, and assets of its lines of business. 10-15 C2-9 Relevance Versus Reliability. Define relevance and reliability, and ingredients of each. Discuss which is most important. 10-15 C2-10 (AICPA adapted). Inconsistent Statements about GAAP. Evaluate and discuss two statements containing fallacies, half-truths, circular reasoning, errors, and inconsistencies. 15-30 C2-11 (AICPA adapted). Accounting Entity. Define and discuss an accounting entity; give illustrations. 15-30  Number Content Time Range (minutes) C2-12 (AICPA adapted). Timing of Revenue Recognition. Discuss why point-of-sale recognition is us