writtenassignments

Written Assignments ACC 42

Assigned questions will not be reviewed in class unless requested.
Where chapter discussions and review of written assignments will be divided into segments, the written assignments associated with the first section/s to be covered are highlighted in green. Where no items are highlighted, we will cover the material in the order noted below and all written assignments will be reviewed at the end of the chapter discussion.
Items marked with a * will be collected once the class discussion of the related material is completed. This includes items highlighted in green. Collected material will be first reviewed in class in a group setting as discussed in the syllabus.


Chapter	Written Assignments
14 - Long term liabilities	Q 3, 4, 5, 9, 12 BE 5* - Bonds issued between interest payment dates P 1 (a-d and f)* - Analysis of amortization schedule P 5 - Comprehensive bond problem E 16* - Entries for non-interest bearing debt P 9 a, b, c - non-interest bearing with installment payments
21 - Accounting for leases NOTE - We will use the gross method of accounting for the lessor as it accomodates the lessors disclosure requirements better than the net method used in the textbook. The rules and theory associated with lessor accounting are unchanged; however, the journal entries differ. You should use the gross method for all homework and the exam.	Q 2, 5, 6, 15, 18 E 4* - Lessor entries, calculate payment amount, direct financing lease with option to purchase P 10 - Lessor entries, sales type with unguaranteed residual P 11 - Lessee entries with unguaranteed residual P 13 - Lessor entries, sales type with guaranteed residual P 14 - Lessee entries, with guaranteed residual
EXAM 1
13 - Current liabilities and contingencies	Q 1, 2, 8, 14, 20, 28 E 14* - Asset retirement obligations P 11a* - Loss contingencies: entries C 3* - Refinancing of long term debt P 12 - Warranties and premiums C 6 - Loss contingency
15 - Stockholders' equity Read the portion of Appendix A related to dividend preferences Note that the majority of this chapter is review material from ACC 23. Accordingly, Class time will be spent going over the turn in problems as needed and working through a comprehensive problem (which you will also be expected to work on outside of class). Exam coverage of this chapter will be limited to new material - dividend preferences, property dividends and stock splits effected in the form of a dividend.	Q 5, 6, 10, 24 P 8* - Dividends and splits, effect on FS Handout* - Preferred dividends In class exercise - we will start this exercise in class in groups. You will complete that evening Take home item worth 5 points and due before Exam 2 - Preparation of equity section of balance sheet
16 - Dilutive securities and earnings per share Appendix B - Comprehensive EPS calculation	Q 5, 12, 13, 23 Part I - Dilutive Securities BE 3* - Convertible preferred stock BE 4* and 5* - Bonds with detachable warrants E 4 - Conversion of bonds E 11 - Issuance, exercise and termination of stock options using fair value accounting Part II - Earnings Per Share P 4* - EPS with complex capital structure E 20 - EPS with convertible bonds, midyear activity P 6 - Weighted average share computations for basic and diluted EPS P 8 (a & b) - EPS with stock dividend and extraordinary items
19 - Accounting for income taxes Appendix A - Comprehensive Example	E 6* In class we will walk through the comprehensive problem in Appendix A. Prior to when we go over the problem in class, you should attempt to prepare the tax provision entries for 2006 and 2007 based on the fact situation provided and using the spreadsheet format covered in class Q 8, 10, 11 P 1 - Three differences, multiple rates, multiple years P 7 - One temporary difference, tracked 3 years, change in rates, income statement presentation E 24 - NOL carryback and carryforward, valuation account needed
EXAM 2
17 - Investments skip bottom 848 - 851 (material related to equity/consolidation treatment)	Q 13, 21, 22, 24 E 3 * (a, c, d) - Entries for held to maturity securities P 2 (a, c, d, e) - Debt securities available for sale. In addition to the problem requirements, prepare the statements of comprehensive income for 2007, 2008 and 2009. P 6 - Trading and available for sale securities entries. For part b also prepare the 3rd and 4th quarter statements of comprehensive income. For purposes of preparing the statements of comprehensive income, assume all the securities reflected in the table were purchased during the 3rd quarter.
17A - Accounting for derivative instruments	Q 27, 29, 30 Freestanding Derivatives E 19* - Call option in the money P 14 - Put option underwater Hedging instruments P 16 - Fair value hedge, interest rate swap P 17 - Cash flow hedge P 18 - Fair value hedge
EXAM 3
20 - Accounting for pensions Use the revised Chapter 20 - ignore the book chapter 20	Pension worksheets should be prepared for all of the items assigned except for E16 and P 10 Q 6, 9, 12, 13, 17, 23 E 4* - Basic pension worksheet E 16* - Amortization of unrecognized net gain or loss (corridor approach) P 3 - pension expense, journal entries, amortization of unrecognized loss P 8 - Comprehensive 2-year worksheet P10 - Missing amounts
23 - Statement of cash flows	Q 7, 12, 13 C3 (4 -7)* - treatment of various items on the cash flow statement See handouts

FINAL EXAM