University College of the Cayman Islands

ACC301 - Intermediate Financial Accounting

Chapter 1 - Financial Reporting

Homework Questions

1. Exercise 1-2 - page 40
2. Exercise 1-3 - page 40
3. Exercise 1-5 - page 41
4. Exercise 1-6 - page 42
5. Case 1-15 - page 44
6. Case 1-19 - page 45
7. Case 1-23 - page 46
8. Internet Search - page 49
9. What accounting associations exist in Cayman and what is their role?
10. What is the Public Companies Accounting & Oversight Board (PCAOB)?
11. What is the Sarbanes-Oxley Act?
12. What accounting standards are used by Caymanian companies?