Accounting: What the Numbers Mean, 13th Edition – Complete Solution Manual (Chapters 1–16) by David H. Marshall

,
, CHAPTER ACCOUNTING—PRESENT AND
1 ii ii PAST


CHAPTER iiOUTLINE:

I. WHAT iiIS iiACCOUNTING?
A. DEFINITION
B. USES iiOF iiACCOUNTING iiINFORMATION
C. CLASSIFICATIONS
1. FINANCIAL iiACCOUNTING
2. MANAGERIAL iiACCOUNTING ii/ iiCOST iiACCOUNTING
3. AUDITING ii— iiPUBLIC iiACCOUNTING
4. INTERNAL iiAUDITING
5. GOVERNMENTAL iiAND iiNOT-FOR-PROFIT iiACCOUNTING
6. INCOME iiTAX iiACCOUNTING

II. HOW iiHAS iiACCOUNTING iiDEVELOPED?
A. EARLY iiHISTORY
B. THE iiACCOUNTING iiPROFESSION iiIN iiTHE iiUNITED iiSTATES
C. FINANCIAL iiACCOUNTING iiSTANDARD iiSETTING iiAT iiTHE iiPRESENT iiTIME
1. FINANCIAL iiACCOUNTING iiSTANDARDS iiBOARD
2. STANDARDS iiARE iiEVOLVING
D. STANDARDS iiFOR iiOTHER iiTYPES iiOF iiACCOUNTING
1. MANAGERIAL iiACCOUNTING ii/ iiCOST iiACCOUNTING
2. AUDITING
3. GOVERNMENTAL iiAND iiNOT-FOR-PROFIT iiACCOUNTING
4. INCOME iiTAX iiACCOUNTING
E. INTERNATIONAL iiACCOUNTING iiSTANDARDS
F. ETHICS iiAND iiTHE iiACCOUNTING iiPROFESSION

III. THE iiCONCEPTUAL iiFRAMEWORK
A. CONTEXT

, B. SUMMARY iiOF iiCONCEPTS iiSTATEMENT iiNO. ii8, iiCHAPTER ii1 ii— iiTHE iiOBJECTIVE
iiOF iiGENERAL iiPURPOSEFINANCIAL iiREPORTING


C. OBJECTIVES iiOF iiFINANCIAL iiREPORTING iiFOR iiNONBUSINESS iiORGANIZATIONS

IV. PLAN iiOF iiTHE iiBOOK




TEACHING/LEARNING iiOBJECTIVES:

PRINCIPAL:

1. TO iiPRESENT iiA iiDEFINITION iiOF iiACCOUNTING.

2. TO iiIDENTIFY iiAND iiDESCRIBE iiDIFFERENT iiCLASSIFICATIONS iiOF iiACCOUNTING.

3. TO iiEMPHASIZE iiTHAT iiFINANCIAL iiACCOUNTING iiSTANDARDS iiARE iiNOT iiA ii―FIXED iiCODE iiOF
iiRULES,‖ iiBUT iiARE iiESTABLISHED iiIN iiRESPONSE iiTO iiUSER


iiNEEDS iiAND iiBUSINESS iiDEVELOPMENTS. iiACCOUNTANTS iiNEED iiTO iiAPPLY


PROFESSIONAL iiJUDGMENT iiIN iiTHE iiAPPLICATION iiOF iiACCOUNTING iiPRINCIPLES.

4. TO iiEMPHASIZE iiTHE iiROLE iiAND iiSOURCES iiOF iiETHICS iiFOR iiTHE iiACCOUNTING iiPROFESSION.

SUPPORTING:

5. TO iiSUMMARIZE iiHOW iiACCOUNTING iiHAS iiEVOLVED iiOVER iiTIME.

6. TO iiIDENTIFY iiSOURCES iiOF iiSTANDARDS iiFOR iiOTHER iiTYPES iiOF
iiACCOUNTING iiAND iiTO iiCONTRAST iiTHESE iiWITHFINANCIAL iiACCOUNTING iiSTANDARDS.




7. TO iiINTRODUCE iiTHE iiISSUES iiASSOCIATED iiWITH iiTHE iiDEVELOPMENT iiOF iiINTERNATIONAL
iiACCOUNTINGSTANDARDS.




8. TO iiDESCRIBE iiTHE iiCONTEXT iiOF iiTHE iiFASB iiCONCEPTUAL iiFRAMEWORK iiPROJECT.

9. TO iiSUMMARIZE iiCONCEPTS iiSTATEMENT iiNO. ii8, iiCHAPTER ii1 ii— iiTHE
iiOBJECTIVE iiOF iiGENERAL iiPURPOSEFINANCIAL iiREPORTING.