Problem Solving Survival Guide to accompany Intermediate Accounting

Book Preface

The purpose of this problem solving tutorial is to help you to improve your success rate in solving accounting homework assignments and in answering accounting exam questions. For each chapter we provide you with:

OVERVIEW To briefly introduce the chapter topics and their importance.

LEARNING To provide you with a learning framework. Explanations of these ob-

OBJECTIVES jectives also provide you with a summary of the major points covered in the chapter.

TIPS To alert you to common pitfalls and misconceptions and to remind you of important terminology, concepts, and relationships that are relevant to answering specific questions or solving certain problems. To help you to understand the intricacies of a problematic situation and to tell you what to do in similar circumstances.

EXERCISES To provide you with a selection of problems which are representative of homework assignments which an intermediate accounting student may encounter.

MULTIPLE To provide you with a selection of multiple-choice questions which are

CHOICE representative of common exam questions covering topics in the chapter.

PURPOSES To identify the essence of each question or exercise and to link them to learning objectives.

SOLUTIONS To show you the appropriate solution for each exercise and multiple choice question presented.

EXPLANATIONS To give you the details of how selected solutions were derived and to explain why things are done as shown.

APPROACHES To coach you on the particular model, computational format, or other strategy to be used to solve particular problems. To teach you how to analyze and solve multiple-choice questions.

This book will be a welcome teaching/learning aid because it provides you with the opportunity to solve accounting problems in addition to the ones assigned by your instructor without having to rely on your teacher for solutions. Many of the exercises and questions contained herein are very similar to items in your intermediate accounting textbook; the difference is, the ones in this book are accompanied with detailed clearly-laid out solutions.