CHAPTER 1 ACCOUNTING: INFORMATION FOR DECISION MAKING OVERVIEW OF BRIEF EXERCISES, EXERCISES, AND CRITICAL THINKING CASES Brief Exercises B. Ex. 1.1 B. Ex. 1.2 B. Ex. 1.3 B. Ex. 1.4 B. Ex. 1.5 B. Ex. 1.6 B. Ex. 1.7 B. Ex. 1.8 B. Ex. 1.9 B. Ex. 1.10
Exercises 1.1 1.2
Topic Users of accounting information Components of internal control Inexact or approximate measures Standards for the preparation of accounting information FASB conceptual framework PCAOB COSO Professional certifications in accounting AICPA code of professional conduct Personal benefits of accounting skills
1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14
Topic You as a user of accounting information Real World: Boeing Company, California Public Employees Retirement System, China Airlines Users of accounting information What is financial reporting? Generally accepted accounting Accounting organizations Investment return Accounting terminology Accounting organizations Financial and management accounting Management accounting information Accounting organizations Purpose of an audit Audits of financial statements Ethics and professional judgment
1.15 1.16
Careers in accounting Home Depot, Inc. general information
Learning Objectives 1-1, 1-3, 1-5 1-2, 1-5 1-3, 1-4 1-5, 1-6
Skills Analysis Analysis Analysis, judgment Analysis
1-1, 1-3, 1-5, 1-6 Analysis 1-5, 1-6 Analysis, research 1-2, 1-5, 1-6 Analysis, ethics 1-7,1- 8 Analysis 1-5, 1-7 Analysis, ethics 1-1 Analysis Learning Objectives 1-1 1-3, 1-4
1-3 1-6 1-6 1-3 1-3-1-5, 1-7 1-6 1-3, 1-4 1-4 1-6 1-5 1-5 1-7 1-8 1-1, 1-3, 1-5
Skills Analysis, judgment Analysis, research
Analysis, judgment Analysis Analysis, communication Analysis Analysis Analysis Judgment Communication, judgment
Analysis, judgment Analysis, judgment Analysis Analysis, communication, Judgment, Analysis, judgment, research
Due to the introductory nature of this chapter and the conceptual nature of its contents, no items labeled Problems are included. In all future chapters you will find a series of Problems that generally include computations, are more complex, and generally require more time to complete than Exercises. Critical Thinking Cases 1.1 Real World: Fannie Mae Reliability of financial statements 1.2 Objectives of financial accounting 1.3 1.4 1.5
Accounting systems Codes of ethics (Ethics, fraud, and corporate governance) Accessing information on the Internet (Internet)
1-5
Analysis, ethics,
1-3
Analysis, communication, group, Analysis, communication Analysis, communication, Research, technology
1-2 1-7 1-6, 1-7
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