, CONTENTS
Preface to the Instructor
Chapter 1 Financial Accounting and Accounting Standards
Chapter 2 Conceptual Framework Underlying Financial Accounting
Chapter 3 The Accounting Information System
Chapter 4 Income Statement and Related Information
Chapter 5 Balance Sheet and Statement of Cash Flows
Chapter 6 Accounting and the Time Value of Money
Chapter 7 Cash and Receivables
Chapter 8 Valuation of Inventories: A Cost Basis Approach
Chapter 9 Inventories: Additional Valuation Issues
Chapter 10 Acquisition and Disposition of Property, Plant, and Equipment
Chapter 11 Depreciation, Impairments, and Depletion
Chapter 12 Intangible Assets
Chapter 13 Current Liabilities and Contingencies
Chapter 14 Long-Term Liabilities
Chapter 15 Stockholders’ Equity
Chapter 16 Dilutive Securities and Earnings Per Share
Chapter 17 Investments
Chapter 18 Revenue Recognition
Chapter 19 Accounting for Income Taxes
Chapter 20 Accounting for Pensions and Postretirement Benefits
Chapter 21 Accounting for Leases
Chapter 22 Accounting Changes and Error Analysis
Chapter 23 Statement of Cash Flows
Chapter 24 Full Disclosure in Financial Reporting
iii
, CHAPTER 1
Financial Accounting and Accounting Standards
ASSIGNMENT CLASSIFICATION TABLE
Topics Questions Cases
1. Subject matter of accounting. 1 1
2. Environment of accounting. 2, 3, 4 3, 4
3. Role of principles, objectives, 5, 6, 7 2
standards, and accounting theory.
4. Historical development of accounting 8, 9, 10, 11 5, 16
standards.
5. Authoritative pronouncements 12, 13, 14, 15, 6, 7, 8, 9, 10, 11,
and standards-setting bodies. 16, 17, 18, 19, 12, 15
20, 21, 22, 23
6. Role of pressure groups. 23, 24, 25, 26, 17, 18
27, 28
7. International accounting. 29, 30 14
8. Ethical issues. 31 13, 16
1-1
, ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
CA1-1 Financial accounting. Simple 15–20
CA1-2 Objectives of financial reporting. Moderate 20–25
CA1-3 Accounting numbers and the environment. Simple 10–15
CA1-4 Need for accounting standards. Simple 15–20
CA1-5 AICPA’s role in standards setting. Simple 20–25
CA1-6 FASB role in standards setting. Simple 20–25
CA1-7 Government role in standards setting. Simple 10–15
CA1-8 Politicalization of standards setting. Complex 30–40
CA1-9 Models for setting accounting standards. Simple 15–20
CA1-10 Standards-setting terminology. Moderate 30–40
CA1-11 Accounting organizations and documents issued. Simple 15–20
CA1-12 Accounting pronouncements. Simple 10–15
CA1-13 Issues involving standards setting. Complex 20–25
CA1-14 Securities and Exchange Commission. Moderate 30–40
CA1-15 Standards-setting process. Moderate 25–35
CA1-16 History of standards-setting organizations. Moderate 25–35
CA1-17 Economic consequences. Moderate 25–35
CA1-18 Standards-setting process, economic consequences. Moderate 25–35
1-2
Preface to the Instructor
Chapter 1 Financial Accounting and Accounting Standards
Chapter 2 Conceptual Framework Underlying Financial Accounting
Chapter 3 The Accounting Information System
Chapter 4 Income Statement and Related Information
Chapter 5 Balance Sheet and Statement of Cash Flows
Chapter 6 Accounting and the Time Value of Money
Chapter 7 Cash and Receivables
Chapter 8 Valuation of Inventories: A Cost Basis Approach
Chapter 9 Inventories: Additional Valuation Issues
Chapter 10 Acquisition and Disposition of Property, Plant, and Equipment
Chapter 11 Depreciation, Impairments, and Depletion
Chapter 12 Intangible Assets
Chapter 13 Current Liabilities and Contingencies
Chapter 14 Long-Term Liabilities
Chapter 15 Stockholders’ Equity
Chapter 16 Dilutive Securities and Earnings Per Share
Chapter 17 Investments
Chapter 18 Revenue Recognition
Chapter 19 Accounting for Income Taxes
Chapter 20 Accounting for Pensions and Postretirement Benefits
Chapter 21 Accounting for Leases
Chapter 22 Accounting Changes and Error Analysis
Chapter 23 Statement of Cash Flows
Chapter 24 Full Disclosure in Financial Reporting
iii
, CHAPTER 1
Financial Accounting and Accounting Standards
ASSIGNMENT CLASSIFICATION TABLE
Topics Questions Cases
1. Subject matter of accounting. 1 1
2. Environment of accounting. 2, 3, 4 3, 4
3. Role of principles, objectives, 5, 6, 7 2
standards, and accounting theory.
4. Historical development of accounting 8, 9, 10, 11 5, 16
standards.
5. Authoritative pronouncements 12, 13, 14, 15, 6, 7, 8, 9, 10, 11,
and standards-setting bodies. 16, 17, 18, 19, 12, 15
20, 21, 22, 23
6. Role of pressure groups. 23, 24, 25, 26, 17, 18
27, 28
7. International accounting. 29, 30 14
8. Ethical issues. 31 13, 16
1-1
, ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
CA1-1 Financial accounting. Simple 15–20
CA1-2 Objectives of financial reporting. Moderate 20–25
CA1-3 Accounting numbers and the environment. Simple 10–15
CA1-4 Need for accounting standards. Simple 15–20
CA1-5 AICPA’s role in standards setting. Simple 20–25
CA1-6 FASB role in standards setting. Simple 20–25
CA1-7 Government role in standards setting. Simple 10–15
CA1-8 Politicalization of standards setting. Complex 30–40
CA1-9 Models for setting accounting standards. Simple 15–20
CA1-10 Standards-setting terminology. Moderate 30–40
CA1-11 Accounting organizations and documents issued. Simple 15–20
CA1-12 Accounting pronouncements. Simple 10–15
CA1-13 Issues involving standards setting. Complex 20–25
CA1-14 Securities and Exchange Commission. Moderate 30–40
CA1-15 Standards-setting process. Moderate 25–35
CA1-16 History of standards-setting organizations. Moderate 25–35
CA1-17 Economic consequences. Moderate 25–35
CA1-18 Standards-setting process, economic consequences. Moderate 25–35
1-2
