Solution Manual Accounting What The Numbers Mean 13th Edition by David Marshall

Solution Manual
a a




Accounting What The Numbers Mean
a a a a a




13th Edition by David Marshall
a a a a a




All Chapters 1 - 16
a a a a a

,CHAPTER

1
Accounting—Present and Past a a




CHAPTERaOUTLINE:

I. WhataIsaAccounting?
A. Definition
B. UsesaofaAccountingaInformation
C. Classifications
1. FinancialaAccounting
2. ManagerialaAccountinga/aCostaAccounting
3. Auditinga—aPublicaAccounting
4. InternalaAuditing
5. GovernmentalaandaNot-for-ProfitaAccounting
6. IncomeaTaxaAccounting

II. HowaHasaAccountingaDeveloped?
A. EarlyaHistory
B. TheaAccountingaProfessionainatheaUnitedaStates
C. FinancialaAccountingaStandardaSettingaatatheaPresentaTime
1. FinancialaAccountingaStandardsaBoard
2. StandardsaareaEvolving
D. StandardsaforaOtheraTypesaofaAccounting
1. ManagerialaAccountinga/aCostaAccounting
2. Auditing
3. GovernmentalaandaNot-for-ProfitaAccounting
4. IncomeaTaxaAccounting
E. InternationalaAccountingaStandards
F. EthicsaandatheaAccountingaProfession

III. TheaConceptualaFramework
A. Context
B. SummaryaofaConceptsaStatementaNo.a8,aChaptera1a—
aTheaObjectiveaofaGeneralaPurposeaFinancialaReporting

C. ObjectivesaofaFinancialaReportingaforaNonbusinessaOrganizations

IV. PlanaofatheaBook

,TEACHING/LEARNINGaOBJECTIVES:

Principal:

1. Toapresentaaadefinitionaofaaccounting.

2. Toaidentifyaandadescribeadifferentaclassificationsaofaaccounting.

3. Toaemphasizeathatafinancialaaccountingastandardsaareanotaaa―fixedacodeaofarules,‖abu
taareaestablishedainaresponseatoauseraneedsaandabusinessadevelopments.aAccountant
saneedatoaapplyaprofessionalajudgmentainatheaapplicationaofaaccountingaprinciples.

4. Toaemphasizeathearoleaandasourcesaofaethicsaforatheaaccountingaprofession.

Supporting:

5. Toasummarizeahowaaccountingahasaevolvedaoveratime.

6. Toaidentifyasourcesaofastandardsaforaotheratypesaofaaccountingaandatoacontrastath
eseawithafinancialaaccountingastandards.

7. Toaintroduceatheaissuesaassociatedawithatheadevelopmentaofainternationalaacc
ountingastandards.

8. ToadescribeatheacontextaofatheaFASBaConceptualaFrameworkaproject.

9. ToasummarizeaConceptsaStatementaNo.a8,aChaptera1a—
aTheaObjectiveaofaGeneralaPurposeaFinancialaReporting.




10. Toarelateatheaobjectivesaofafinancialareportingaforanonbusinessaorganizationsatoat
hoseaofabusinessaenterprises.

TEACHINGaOBSERVATIONS/ASSIGNMENTaSUGGESTIONS:

1. Studentsashouldabeaputaonanoticeaaboutatheajargonaofaaccounting,atheauseaofasynon
ymousaterms,atheaimportanceaofatheacontextawithinawhichaaatermaisaused,aandatheane
edaforaprecisionainatheauseaofaterminology.aThea firstaexampleaofajargonaisatheatermaen
tity.

, 2. Whenadiscussinga"Auditinga—
aPublicaAccounting,"ahaveastudentsafindatheaauditors'aopinionainatheaCampbellaSoupa

Companya2020aAnnualaReporta(seeapagesa87-
88aofatheaAppendix).aEmphasizeathataaa"cleanaopinion"aisanotaaa"cleanabillaofahealth."

3. DiscussatheaSummaryaofaConceptsaStatementaNo.a8,aChaptera1a—
aTheaObjectiveaofaFinancialaReporting,a inadetail.