Classify assets and liabilities as current or long term, and prepare a classified balance sheet Readings Read pages 190-194 of the text. Pay particular attention to the notes in the margin. Reinforcement Problems/Self Test . Answer the Try It!Questions 8 and 9 on page 192. The solutions appear on pages 242 and 243 of the text, as well as in MyAccountingLab. 2. Answer the MAL Study PlanCh 4, section 4.5 practice question S4-17 (similar to Starter question 4-17 on page 212), and/or quiz for section. For extra practice on this topic, you may want to do MAL Study Plan Ch 4, section 4.5 practice questions E4-12 (similar to Exercise 4-12 on pages 217 and 218). Competency/Objective 4.6- Current ratio and debt ratio Use the current ratio and the debt ratio to evaluate a company Readings Read pages 194 and 195 of the text. Pay particular attention to the notes in the margin. There are additional resources in the MAL website as noted in the margin. Reinforcement Problems/Self Test 1 Answer the Try It! Question 10 on page 195. The solutions appear on page 243 of the text, as well as in MyAccountingLab. 2 Answer the MAL Study Plan Ch 4, section 4.6 practice questions S4-19 and S4-20 (similar to Starters questions 4-19 and 4-20 on page 213), and/or quiz for the section. Competency/Objective 4.7- Accounting cycle and IFRS Describe the accounting cycle and financial reporting implications of IFRS Readings Read pages 195 and 196 of the text. Reinforcement Problems/Self Test 1 Answer the MAL Study Plan Ch and section practice questions or quiz for the section. Competency Objective Al- Reversing entries Describe and prepare reversing entries Readings Read page 202 - 205 of the text. Reinforcement Problems/Self Test 1 Answer the MAL Study Plan Ch 4, section 4.A1, practice questions to *Exercise question 4-15 and 4-16 on page 220) E4-15 and E4-16 (similar ACCOUNTING CYCLE AND FINANCIAL REPORTING IMPLICATIONS OF IFRS ASPE SUMMARY PROBLEM FOR YOUR REVIEW Classify assets and liabilities as current or long term, and prepare a classified balance sheet Readings Read pages 190-194 of the text. Pay particular attention to the notes in the margin. Reinforcement Problems/Self Test . Answer the Try It!Questions 8 and 9 on page 192. The solutions appear on pages 242 and 243 of the text, as well as in MyAccountingLab. 2. Answer the MAL Study PlanCh 4, section 4.5 practice question S4-17 (similar to Starter question 4-17 on page 212), and/or quiz for section. For extra practice on this topic, you may want to do MAL Study Plan Ch 4, section 4.5 practice questions E4-12 (similar to Exercise 4-12 on pages 217 and 218). Competency/Objective 4.6- Current ratio and debt ratio Use the current ratio and the debt ratio to evaluate a company Readings Read pages 194 and 195 of the text. Pay particular attention to the notes in the margin. There are additional resources in the MAL website as noted in the margin. Reinforcement Problems/Self Test 1 Answer the Try It! Question 10 on page 195. The solutions appear on page 243 of the text, as well as in MyAccountingLab. 2 Answer the MAL Study Plan Ch 4, section 4.6 practice questions S4-19 and S4-20 (similar to Starters questions 4-19 and 4-20 on page 213), and/or quiz for the section. Competency/Objective 4.7- Accounting cycle and IFRS Describe the accounting cycle and financial reporting implications of IFRS Readings Read pages 195 and 196 of the text. Reinforcement Problems/Self Test 1 Answer the MAL Study Plan Ch and section practice questions or quiz for the section. Competency Objective Al- Reversing entries Describe and prepare reversing entries Readings Read page 202 - 205 of the text. Reinforcement Problems/Self Test 1 Answer the MAL Study Plan Ch 4, section 4.A1, practice questions to *Exercise question 4-15 and 4-16 on page 220) E4-15 and E4-16 (similar ACCOUNTING CYCLE AND FINANCIAL REPORTING IMPLICATIONS OF IFRS ASPE SUMMARY PROBLEM FOR YOUR REVIEW
