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Case Solutions

In: Business and Management

Submitted By sonuabbasali
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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 Learning Objectives 1, 3, 5 2,5 3,4 5,6 1, 3, 5, 6 5, 6 2, 5, 6 7, 8 5, 7 1

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

Skills Analysis Analysis Analysis, judgment Analysis Analysis Analysis, research Analysis, ethics Analysis Analysis, ethics Analysis

Exercises 1.1 1.2

1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16

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 principles 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 Careers in accounting Home Depot, Inc. general information

Learning Objectives Skills 1 Analysis, judgment 3, 4 Analysis, research

3 6 6 3 3-5, 7 6 3, 4 4 6 5 5 7 8 1, 3, 5

Analysis, judgment Analysis Analysis, communication Analysis Analysis Analysis Judgment Communication, judgment Analysis, judgment Analysis, judgment Analysis Analysis, communication, judgment Judgment, communication Analysis, judgment, research

© The McGraw-Hill Companies, Inc., 2010 Overview

Due to the introductory nature of this...

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