Solution Manual for Accounting What The Numbers
Mean, 13th Edition By David Marshall | Verified
Chapter's 1 - 16 | Complete Newest Version
,CHAPTER
1
ACCOUNTING—PRESENT AND ii
PAST
ii
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 iAND 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 iAND 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 iiPURPOSEiFINANCIAL 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 ii CLASSIFICATIONS iiOF iiACCOUNTING.
3. TO iiEMPHASIZE iiTHAT iiFINANCIAL iiACCOUNTING iiSTANDARDS iiARE iiNOT iiA
ii―FIXED iiCODE iiOF iiRULES,‖ iiBUT ii ARE iiESTABLISHED iiIN iiRESPONSE iiTO ii USER
iiNEEDS iiAND iiBUSINESS iiDEVELOPMENTS. iiACCOUNTANTS iiNEED iiTO iiAPPLY
iPROFESSIONAL iiJUDGMENT ii IN 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 iiWITH iFINANCIAL iiACCOUNTING
iiSTANDARDS.
7. TO iiINTRODUCE iiTHE iiISSUES iiASSOCIATED iiWITH iiTHE iiDEVELOPMENT iiOF
iiINTERNATIONAL iiACCOUNTINGiSTANDARDS.
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 iiPURPOSEiFINANCIAL iiREPORTING.
10. TO iiRELATE iiTHE iiOBJECTIVES iiOF iiFINANCIAL iiREPORTING iiFOR iiNONBUSINESS
iiORGANIZATIONS iiTO iiTHOSE iiOFiBUSINESS iiENTERPRISES.
TEACHING iiOBSERVATIONS/ASSIGNMENT iiSUGGESTIONS:
1. STUDENTS iiSHOULD iiBE iiPUT iiON iiNOTICE iiABOUT iiTHE iiJARGON iiOF
iiACCOUNTING, iiTHE iiUSE iiOF iiSYNONYMOUS iiTERMS, iiTHE iiIMPORTANCE iiOF iiTHE
iiCONTEXT iiWITHIN iiWHICH iiA iiTERM iiIS iiUSED, iiAND iiTHE iiNEED iiFOR iiPRECISIONiIN
, iiTHE iiUSE iiOF iiTERMINOLOGY. iiTHE iiFIRST iiEXAMPLE iiOF iiJARGON iiIS iiTHE iiTERM
iiENTITY.
2. WHEN iiDISCUSSING ii"AUDITING ii— iiPUBLIC iiACCOUNTING," iiHAVE iiSTUDENTS
iiFIND iiTHE iiAUDITORS' iiOPINIONiIN iiTHE iiCAMPBELL iiSOUP iiCOMPANY ii2020
iiANNUAL iiREPORT ii(SEE iiPAGES ii87-88 iiOF iiTHE iiAPPENDIX). iiEMPHASIZE iiTHAT ii A
ii"CLEAN iiOPINION" ii IS ii NOT iiA ii"CLEAN iiBILL iiOF iiHEALTH."
3. DISCUSS iiTHE iiSUMMARY iiOF iiCONCEPTS iiSTATEMENT iiNO. ii8, iiCHAPTER ii1 ii— iiTHE
iiOBJECTIVE iiOF iiFINANCIALiREPORTING, ii IN iiDETAIL.
Mean, 13th Edition By David Marshall | Verified
Chapter's 1 - 16 | Complete Newest Version
,CHAPTER
1
ACCOUNTING—PRESENT AND ii
PAST
ii
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 iAND 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 iAND 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 iiPURPOSEiFINANCIAL 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 ii CLASSIFICATIONS iiOF iiACCOUNTING.
3. TO iiEMPHASIZE iiTHAT iiFINANCIAL iiACCOUNTING iiSTANDARDS iiARE iiNOT iiA
ii―FIXED iiCODE iiOF iiRULES,‖ iiBUT ii ARE iiESTABLISHED iiIN iiRESPONSE iiTO ii USER
iiNEEDS iiAND iiBUSINESS iiDEVELOPMENTS. iiACCOUNTANTS iiNEED iiTO iiAPPLY
iPROFESSIONAL iiJUDGMENT ii IN 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 iiWITH iFINANCIAL iiACCOUNTING
iiSTANDARDS.
7. TO iiINTRODUCE iiTHE iiISSUES iiASSOCIATED iiWITH iiTHE iiDEVELOPMENT iiOF
iiINTERNATIONAL iiACCOUNTINGiSTANDARDS.
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 iiPURPOSEiFINANCIAL iiREPORTING.
10. TO iiRELATE iiTHE iiOBJECTIVES iiOF iiFINANCIAL iiREPORTING iiFOR iiNONBUSINESS
iiORGANIZATIONS iiTO iiTHOSE iiOFiBUSINESS iiENTERPRISES.
TEACHING iiOBSERVATIONS/ASSIGNMENT iiSUGGESTIONS:
1. STUDENTS iiSHOULD iiBE iiPUT iiON iiNOTICE iiABOUT iiTHE iiJARGON iiOF
iiACCOUNTING, iiTHE iiUSE iiOF iiSYNONYMOUS iiTERMS, iiTHE iiIMPORTANCE iiOF iiTHE
iiCONTEXT iiWITHIN iiWHICH iiA iiTERM iiIS iiUSED, iiAND iiTHE iiNEED iiFOR iiPRECISIONiIN
, iiTHE iiUSE iiOF iiTERMINOLOGY. iiTHE iiFIRST iiEXAMPLE iiOF iiJARGON iiIS iiTHE iiTERM
iiENTITY.
2. WHEN iiDISCUSSING ii"AUDITING ii— iiPUBLIC iiACCOUNTING," iiHAVE iiSTUDENTS
iiFIND iiTHE iiAUDITORS' iiOPINIONiIN iiTHE iiCAMPBELL iiSOUP iiCOMPANY ii2020
iiANNUAL iiREPORT ii(SEE iiPAGES ii87-88 iiOF iiTHE iiAPPENDIX). iiEMPHASIZE iiTHAT ii A
ii"CLEAN iiOPINION" ii IS ii NOT iiA ii"CLEAN iiBILL iiOF iiHEALTH."
3. DISCUSS iiTHE iiSUMMARY iiOF iiCONCEPTS iiSTATEMENT iiNO. ii8, iiCHAPTER ii1 ii— iiTHE
iiOBJECTIVE iiOF iiFINANCIALiREPORTING, ii IN iiDETAIL.
