Solution Manual for Intermediate Accounting, 18th Edition, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield. Chapter 1-23

COMPLETE

,SOLUTION w MANUAL w AND w INSTRUCTOR w RESOURCE w FOR
Intermediate wAccounting, w18th wEdition w18th wEdition, wby
Donald wE. wKieso, wJerry wJ. wWeygandt wand wTerry wD.
w

wWarfield. wISBN-13 w978-1119790976




Chapter w1
Financial wAccounting wand wAccounting wStandards

Assignment wClassification wTable w(By wTopic)


Topics Questions Brief Exercises Critical
Exercises Thinking

1. Environment wof 1,2, w3,4 1 1 1
waccounting,
wprinciples,
objectives, w standards,
accountingtheory.

2. Authoritative 5,6, w7,8 2 2 2
pronouncements wand
rule-making wbodies.
3. Conceptual wframework- 9, w 10 3 3,4
general, w objective
w ofwfinancial
wreporting.
4. Qualitative wcharacteristics 11,12, w13, 3,4, w5, w6, 4,5,6 5, w 10
wofwaccounting. w14, w7
15, w16,17
5. Elements wof 18, w19 8, 7
w9
financial
statements.
6. Basic wassumptions wand 20, w21, w 22, 10, w11, 4, w 8, w 9, 6, w 7, w 8, w 9,
w23, w12, w 10, w 11
principles. 24, w 25, w 26, 13, w14 11, w12
w 27,
28, w 29, w 30,31
7. Cost w constraint. 32,33,34
8. Role wof wpressure wgroups. 35, w36 12, w14, w 15,
w 16,
17
9. Ethical wissues. 37, w38,39,40 13

,Copyright w© w2022 wWILEY Kieso, wIntermediate wAccounting, w18/e, wSolutions wManual(F
wInstructor wUse wOnly) 5-1-1

, Assignment wClassification wTable w(By wLearning wObjective)

Learning wObjectives Questions Brief Exercises Critical
wExercise Thinking
s

1. Describe wthe wfinancial wreporting 1, w2, w3, w4, 1, w2 1, w2 1
environment, wmajor wstandard- 5, w6, w7, w8
wsetting wbodies, wand wthe
wmeaning
of wgenerally waccepted
waccounting
principles w(GAAP).
2. Describe w the w components w and 9, w 10, w 11, 3, w5, w6, 3, w4, w 5, w6, 2,3,4, w5,
w12, w7
usefulness w of w the w conceptual 13, w 14, w15, 7, w8,9 10
w 16,
framework. 17, w18, w19

3. Discuss wthe wbasic wassumptions 20, w 21, w 22, 4, w 10, 8, w9, w 10, 6, w 7, w 8,
w23, w 11, w 11, w 9,
and w principles w of w accounting. 24, w 25, w 26, 12, w13, 12 11, w12
w 27, w14
28, w 29, w31,
32, w33, w34
4. Identify wthe wmajor wchallenges 30, w35, w 36, 2 11, w13,
w in w 37, w 14,
the wfinancial wreporting 38, w39,40 15, w16
environment.




Assignment wCharacteristics wTable w(Time won wTask)

Item Description Level w of Time
Difficulty w(minute
s)
E1.1 Need wfor w GAAP. Simple 15-20
E1.2 Financial w reporting w and w accounting w standards. Simple 15-20
E1.3 Usefulness, w objective w of wfinancial w reporting. Simple 15-20
E1.4 Usefulness, w objective w of wfinancial Simple 15-20
w reporting,wqualitative w characteristics.
E1.5 Qualitative w characteristics. Moderate 20-30
E1.6 Qualitative w characteristics. Simple 15-20
E1.7 Elements w of wfinancial w statements. Simple 15-20
E1.8 Assumptions, wprinciples, w and w constraint. Simple 15-20
E1.9 Assumptions, wprinciples, w and w constraint. Moderate 20-25
E1.10 Full wdisclosure w principle. Complex 20-25
E1.11 Accounting wprinciples w and w assumptions- Moderate 20-25
E1.12 Accounting wprinciples-comprehensive. Moderate 20-25

CT1.1 Securities w and w Exchange w Commission. Moderate 30-40
CT1.2 Conceptual wframework-general. Simple 20-25