I S
C
A N
FR
, CHAPTER 1
Financial Accounting and Accounting Standards
ASSIGNMENT CLASSIFICATION TABLE (By Topic)
Topics Questions Cases
1. Subject matter of accounting. 1 4
2.
3.
S
Environment of accounting.
Role of principles, objectives, standards,
I
and accounting theory.
2, 3, 28
4, 5, 6, 7
6, 7
1, 2, 3, 5
4.
5.
C
Historical development of GAAP.
Authoritative pronouncements and rule-
making bodies.
8, 9, 10, 11
12, 13, 14, 15,
16, 17, 18, 19,
8
3, 9, 11, 12, 14
6. Role of pressure groups.
A N 20, 21
22, 23, 24, 25,
26, 27
10, 16, 17
7. Ethical issues. 29 13, 15
F R
,ASSIGNMENT CLASSIFICATION TABLE (By Learning Objective)
Learning Objectives Questions Cases
1. Identify the major financial statements and other 1, 2 CA1-4, CA1-5
means of financial reporting.
2. Explain how accounting assists in the efficient 3, 5
use of scarce resources.
3. Identify the objective of financial reporting. 4, 7 CA1-2, CA1-3, CA1-4,
CA1-5, CA1-6
4. Explain the need for accounting standards. 6 CA1-3, CA1-7, CA1-9
5. Identify the major policy-setting bodies and their 8, 9, 10, 11,13, 14, 15, CA1-1, CA1-2, CA1-3,
role in the standard-setting process. 16, 19 CA1-7, CA1-8, CA1-9,
CA1-11, CA1-14
6. Explain the meaning of generally accepted 12, 14, 18, 19, 20, 21 CA1-2, CA1-3, CA1-7,
S
accounting principles (GAAP) and the role of the CA1-8, CA1-12
codification for GAAP.
7. Describe the impact of user groups on the rule- 17, 22, 23, 24, 25, 26, CA1-10, CA1-11, CA1-
I
making process. 27 13, CA1-16, CA1-17
8.
C
Describe some of the challenges facing financial 28
reporting.
9. Understand issues related to ethics and 16, 17, 29 CA1-6, CA1-13, CA1-15
financial accounting. A N
F R
, ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
CA1-1 FASB and standard-setting. Simple 15–20
CA1-2 GAAP and standard-setting. Simple 15–20
CA1-3 Financial reporting and accounting standards. Simple 15–20
CA1-4 Financial accounting. Simple 15–20
CA1-5 Objective of financial reporting. Moderate 20–25
CA1-6 Accounting numbers and the environment. Simple 10–15
CA1-7 Need for GAAP. Simple 15–20
CA1-8 AICPA’s role in rule-making. Simple 20–25
CA1-9 FASB role in rule-making. Simple 20–25
CA1-10 Politicalization of GAAP. Complex 30–40
CA1-11
S
Models for setting GAAP. Simple 15–20
CA1-12 GAAP terminology. Moderate 30–40
CA1-13 Rule-making Issues. Complex 20–25
I
CA1-14 Securities and Exchange Commission. Moderate 30–40
CA1-15
C
Financial reporting pressures. Moderate 25–35
CA1-16 Economic consequences. Moderate 25–35
CA1-17 GAAP and economic consequences. Moderate 25–35
A N
F R
C
A N
FR
, CHAPTER 1
Financial Accounting and Accounting Standards
ASSIGNMENT CLASSIFICATION TABLE (By Topic)
Topics Questions Cases
1. Subject matter of accounting. 1 4
2.
3.
S
Environment of accounting.
Role of principles, objectives, standards,
I
and accounting theory.
2, 3, 28
4, 5, 6, 7
6, 7
1, 2, 3, 5
4.
5.
C
Historical development of GAAP.
Authoritative pronouncements and rule-
making bodies.
8, 9, 10, 11
12, 13, 14, 15,
16, 17, 18, 19,
8
3, 9, 11, 12, 14
6. Role of pressure groups.
A N 20, 21
22, 23, 24, 25,
26, 27
10, 16, 17
7. Ethical issues. 29 13, 15
F R
,ASSIGNMENT CLASSIFICATION TABLE (By Learning Objective)
Learning Objectives Questions Cases
1. Identify the major financial statements and other 1, 2 CA1-4, CA1-5
means of financial reporting.
2. Explain how accounting assists in the efficient 3, 5
use of scarce resources.
3. Identify the objective of financial reporting. 4, 7 CA1-2, CA1-3, CA1-4,
CA1-5, CA1-6
4. Explain the need for accounting standards. 6 CA1-3, CA1-7, CA1-9
5. Identify the major policy-setting bodies and their 8, 9, 10, 11,13, 14, 15, CA1-1, CA1-2, CA1-3,
role in the standard-setting process. 16, 19 CA1-7, CA1-8, CA1-9,
CA1-11, CA1-14
6. Explain the meaning of generally accepted 12, 14, 18, 19, 20, 21 CA1-2, CA1-3, CA1-7,
S
accounting principles (GAAP) and the role of the CA1-8, CA1-12
codification for GAAP.
7. Describe the impact of user groups on the rule- 17, 22, 23, 24, 25, 26, CA1-10, CA1-11, CA1-
I
making process. 27 13, CA1-16, CA1-17
8.
C
Describe some of the challenges facing financial 28
reporting.
9. Understand issues related to ethics and 16, 17, 29 CA1-6, CA1-13, CA1-15
financial accounting. A N
F R
, ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
CA1-1 FASB and standard-setting. Simple 15–20
CA1-2 GAAP and standard-setting. Simple 15–20
CA1-3 Financial reporting and accounting standards. Simple 15–20
CA1-4 Financial accounting. Simple 15–20
CA1-5 Objective of financial reporting. Moderate 20–25
CA1-6 Accounting numbers and the environment. Simple 10–15
CA1-7 Need for GAAP. Simple 15–20
CA1-8 AICPA’s role in rule-making. Simple 20–25
CA1-9 FASB role in rule-making. Simple 20–25
CA1-10 Politicalization of GAAP. Complex 30–40
CA1-11
S
Models for setting GAAP. Simple 15–20
CA1-12 GAAP terminology. Moderate 30–40
CA1-13 Rule-making Issues. Complex 20–25
I
CA1-14 Securities and Exchange Commission. Moderate 30–40
CA1-15
C
Financial reporting pressures. Moderate 25–35
CA1-16 Economic consequences. Moderate 25–35
CA1-17 GAAP and economic consequences. Moderate 25–35
A N
F R
