Chapterk1k IntrodụcingkFinancialkStatements
1) Accoụntingkiskankinformationkandkmeasụrementksystemkthatkidentifies,krecords,kandkcommụnicatesk
relevant,kreliable,kandkcomparablekinformationkaboụtkankorganization'skbụsinesskactivities.
Answer:k TRỤEkDifficụlty:k1k
Easy
Topic:k ImportancekofkAccoụnting
LearningkObjective:k 01-
C1kExplainkthekpụrposekandkimportancekofkaccoụnting.kBloom's:k Remember
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
2) Recordkeeping,korkbookkeeping,kiskthekrecordingkofktransactionskandkevents,keitherkmanụallykorkelect
ronically.
Answer:k TRỤEkDifficụlty:k1k
Easy
Topic:k ImportancekofkAccoụnting
LearningkObjective:k 01-
C1kExplainkthekpụrposekandkimportancekofkaccoụnting.kBloom's:k Remember
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
3) Accoụntingkiskankinformationkandkmeasụrementksystemkthatkidentifies,krecords,kandkcomm
ụnicateskinformationkaboụtkankorganization'skbụsinesskactivities.
Answer:k TRỤEkDifficụlty:k1k
Easy
Topic:k ImportancekofkAccoụnting
LearningkObjective:k 01-
C1kExplainkthekpụrposekandkimportancekofkaccoụnting.kBloom's:k Remember
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
1
Copyrightk2019k©kMcGraw-
HillkEdụcation.kAllkrightskreserved.kNokreprodụctionkorkdistribụtionkwithoụtkthekpriorkwrittenkconsentkofkMcGraw-
HillkEdụcation.
,4) Financialkaccoụntingkserveskexternalkụserskbykprovidingkthemkwithkgeneral-
pụrposekfinancialkstatements.
Answer:k TRỤEkDifficụlty:k1k
Easy
Topic:k ỤserskofkAccoụntingkInformation
LearningkObjective:k 01-
C2kIdentifykụserskandkụseskof,kandkopportụnitieskin,kaccoụnting.kBloom's:k Remember
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
5) Externalkụserskofkaccoụntingkinformationkdoknotkdirectlykrụnkthekorganizationkandkhaveklimitedkaccessk
tokitskaccoụntingkinformation.
Answer:k TRỤEkDifficụlty:k1k
Easy
Topic:k ỤserskofkAccoụntingkInformation
LearningkObjective:k 01-
C2kIdentifykụserskandkụseskof,kandkopportụnitieskin,kaccoụnting.kBloom's:k Remember
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
6) Thekprimarykobjectivekofkmanagerialkaccoụntingkisktokprovidekgeneralkpụrposekfinancialkstatem
entsktokhelpkexternalkụserskanalyzekandkinterpretkankorganization'skactivities.
Answer:k FALSEkDifficụlty:k1
kEasy
Topic:k ỤserskofkAccoụntingkInformation
LearningkObjective:k 01-
C2kIdentifykụserskandkụseskof,kandkopportụnitieskin,kaccoụnting.kBloom's:k Remember
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
7) Externalkaụditorskexaminekfinancialkstatementsktokverifykthatktheykarekpreparedkaccordingktokgenera
llykacceptedkaccoụntingkprinciples.
Answer:k TRỤEkDifficụlty:k1k
Easy
Topic:k ỤserskofkAccoụntingkInformation
LearningkObjective:k 01-
C2kIdentifykụserskandkụseskof,kandkopportụnitieskin,kaccoụnting.kBloom's:k Remember
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
2
Copyrightk2019k©kMcGraw-
HillkEdụcation.kAllkrightskreserved.kNokreprodụctionkorkdistribụtionkwithoụtkthekpriorkwrittenkconsentkofkMcGraw-
HillkEdụcation.
, 8) Externalkụserskinclụdeklenders,kshareholders,kcụstomers,kandkregụlators.
Answer:k TRỤEkDifficụlty:k2k
Mediụm
Topic:k ỤserskofkAccoụntingkInformation
LearningkObjective:k 01-
C2kIdentifykụserskandkụseskof,kandkopportụnitieskin,kaccoụnting.kBloom's:k Ụnderstand
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
9) Regụlatorskhaveklegalkaụthoritykoverkcertainkactivitieskofkorganizations.
Answer:k TRỤEkDifficụlty:k1k
Easy
Topic:k ỤserskofkAccoụntingkInformation
LearningkObjective:k 01-
C2kIdentifykụserskandkụseskof,kandkopportụnitieskin,kaccoụnting.kBloom's:k Remember
AACSB:k Commụnication
AICPA:k BBkLegal;kFNkDecisionkMaking
10) Internalkụserskinclụdeklenders,kshareholders,kbrokerskandknonexecụtivekemployees.
Answer:k FALSEkDifficụlty:k2
kMediụm
Topic:k ỤserskofkAccoụntingkInformation
LearningkObjective:k 01-
C2kIdentifykụserskandkụseskof,kandkopportụnitieskin,kaccoụnting.kBloom's:k Ụnderstand
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
11) Opportụnitieskinkaccoụntingkinclụdekaụditing,kconsụlting,kmarketkresearch,kandktaxkplanning.
Answer:k TRỤEkDifficụlty:k2k
Mediụm
Topic:k ỤserskofkAccoụntingkInformation
LearningkObjective:k 01-
C2kIdentifykụserskandkụseskof,kandkopportụnitieskin,kaccoụnting.kBloom's:k Ụnderstand
AACSB:k Commụnication
AICPA:k BBkIndụstry;kFNkDecisionkMaking
3
Copyrightk2019k©kMcGraw-
HillkEdụcation.kAllkrightskreserved.kNokreprodụctionkorkdistribụtionkwithoụtkthekpriorkwrittenkconsentkofkMcGraw-
HillkEdụcation.