Solution Manual
Accounting What The Numbers Mean
13th Edition by David Marshall
All Chapters 1 - 16
, CHAPT Accounting—Present and Past
ER
1
CHAPTER OUTLINE:
I. What Is Accounting?
A. Definition
B. Uses of Accounting Information
C. Classifications
1. Financial Accounting
2. Managerial Accounting / Cost Accounting
3. Auditing — Public Accounting
4. Internal Auditing
5. Governmental and Not-for-Profit Accounting
6. Income Tax Accounting
II. How Has Accounting Developed?
A. Early History
B. The Accounting Profession in the United States
C. Financial Accounting Standard Setting at the Present Time
1. Financial Accounting Standards Board
2. Standards are Evolving
, D. Standards for Other Types of Accounting
1. Managerial Accounting / Cost Accounting
2. Auditing
3. Governmental and Not-for-Profit Accounting
4. Income Tax Accounting
E. International Accounting Standards
F. Ethics and the Accounting Profession
III. The Conceptual Framework
A. Context
B. Summary of Concepts Statement No. 8, Chapter 1
— The Objective of General Purpose Financial
Reporting
C. Objectives of Financial Reporting for Nonbusiness
Organizations
IV. Plan of the Book
, TEACHING/LEARNING OBJECTIVES:
Principal:
1. To present a definition of accounting.
2. To identify and describe different classifications of accounting.
3. To emphasize that financial accounting standards are
not a ―fixed code of rules,‖ but are established in
response to user needs and business developments.
Accountants need to apply professional judgment in
the application of accounting principles.
4. To emphasize the role and sources of ethics for the accounting
profession.
Supporting:
5. To summarize how accounting has evolved over time.
6. To identify sources of standards for other types of
accounting and to contrast these with financial
Accounting What The Numbers Mean
13th Edition by David Marshall
All Chapters 1 - 16
, CHAPT Accounting—Present and Past
ER
1
CHAPTER OUTLINE:
I. What Is Accounting?
A. Definition
B. Uses of Accounting Information
C. Classifications
1. Financial Accounting
2. Managerial Accounting / Cost Accounting
3. Auditing — Public Accounting
4. Internal Auditing
5. Governmental and Not-for-Profit Accounting
6. Income Tax Accounting
II. How Has Accounting Developed?
A. Early History
B. The Accounting Profession in the United States
C. Financial Accounting Standard Setting at the Present Time
1. Financial Accounting Standards Board
2. Standards are Evolving
, D. Standards for Other Types of Accounting
1. Managerial Accounting / Cost Accounting
2. Auditing
3. Governmental and Not-for-Profit Accounting
4. Income Tax Accounting
E. International Accounting Standards
F. Ethics and the Accounting Profession
III. The Conceptual Framework
A. Context
B. Summary of Concepts Statement No. 8, Chapter 1
— The Objective of General Purpose Financial
Reporting
C. Objectives of Financial Reporting for Nonbusiness
Organizations
IV. Plan of the Book
, TEACHING/LEARNING OBJECTIVES:
Principal:
1. To present a definition of accounting.
2. To identify and describe different classifications of accounting.
3. To emphasize that financial accounting standards are
not a ―fixed code of rules,‖ but are established in
response to user needs and business developments.
Accountants need to apply professional judgment in
the application of accounting principles.
4. To emphasize the role and sources of ethics for the accounting
profession.
Supporting:
5. To summarize how accounting has evolved over time.
6. To identify sources of standards for other types of
accounting and to contrast these with financial
