Williams finman 19e ch01 sm
, CHAPTER 1 ACCOUNTING:
INFORMATION FOR DECISION MAKING
OVERVIEW OF BRIEF EXERCISES, EXERCISES, AND CRITICAL THINKING CASES
Brief Learning
Exercises Topic Objectives Skills
B. Ex. 1.1 Users of accounting information 1-1, 1-3, 1-5 Analysis
B. Ex. 1.2 Components of internal control 1-2, 1-5 Analysis
B. Ex. 1.3 Inexact or approximate measures 1-3, 1-4 Analysis, judgment
B. Ex. 1.4 Standards for the preparation of 1-5, 1-6 Analysis
accounting information
B. Ex. 1.5 FASB conceptual framework 1-1, 1-3, 1-5, 1-6 Analysis
B. Ex. 1.6 PCAOB 1-5, 1-6 Analysis, research
B. Ex. 1.7 COSO 1-2, 1-5, 1-6 Analysis, ethics
B. Ex. 1.8 Professional certifications in accounting 1-7,1- 8 Analysis
B. Ex. 1.9 AICPA code of professional conduct 1-5, 1-7 Analysis, ethics
B. Ex. 1.10 Personal benefits of accounting skills 1-1 Analysis
Learning
Exercises Topic Objectives Skills
1.1 You as a user of accounting information 1-1 Analysis, judgment
1.2 Real World: Boeing Company, California 1-3, 1-4 Analysis, research
Public Employees Retirement System, China
Airlines Users of accounting information
What is financial reporting?
1.3 1-3 Analysis, judgment
1.4 Generally accepted accounting principles 1-6 Analysis
1.5 Accounting organizations 1-6 Analysis, communication
1.6 Investment return 1-3 Analysis
1.7 Accounting terminology 1-3-1-5, 1-7 Analysis
1.8 Accounting organizations 1-6 Analysis
1.9 Financial and management accounting 1-3, 1-4 Judgment
1.10 Management accounting information 1-4 Communication, judgment
1.11 Accounting organizations 1-6 Analysis, judgment
1.12 Purpose of an audit 1-5 Analysis, judgment
1.13 Audits of financial statements 1-5 Analysis
1.14 Ethics and professional judgment 1-7 Analysis,
communication,
1.15 Careers in accounting 1-8 Judgment,
1.16 Home Depot, Inc. general information 1-1, 1-3, 1-5 Analysis, judgment,
research
Due to the introductory nature of this chapter and the conceptual nature of its contents, no items labeled Problems are
included. In all future chapters you will find a series of Problems that generally include computations, are more complex,
and generally require more time to complete than Exercises.
Critical Thinking Cases
1.1 Real World: Fannie Mae 1-5 Analysis, ethics,
Reliability of financial statements
1.2 Objectives of financial accounting 1-3 Analysis, communication,
group,
1.3 Accounting systems 1-2 Analysis, communication
1.4 Codes of ethics (Ethics, fraud, and 1-7 Analysis, communication,
corporate governance)
1.5 Accessing information on the Internet 1-6, 1-7 Research, technology
(Internet)
, .
, CHAPTER 1 ACCOUNTING:
INFORMATION FOR DECISION MAKING
OVERVIEW OF BRIEF EXERCISES, EXERCISES, AND CRITICAL THINKING CASES
Brief Learning
Exercises Topic Objectives Skills
B. Ex. 1.1 Users of accounting information 1-1, 1-3, 1-5 Analysis
B. Ex. 1.2 Components of internal control 1-2, 1-5 Analysis
B. Ex. 1.3 Inexact or approximate measures 1-3, 1-4 Analysis, judgment
B. Ex. 1.4 Standards for the preparation of 1-5, 1-6 Analysis
accounting information
B. Ex. 1.5 FASB conceptual framework 1-1, 1-3, 1-5, 1-6 Analysis
B. Ex. 1.6 PCAOB 1-5, 1-6 Analysis, research
B. Ex. 1.7 COSO 1-2, 1-5, 1-6 Analysis, ethics
B. Ex. 1.8 Professional certifications in accounting 1-7,1- 8 Analysis
B. Ex. 1.9 AICPA code of professional conduct 1-5, 1-7 Analysis, ethics
B. Ex. 1.10 Personal benefits of accounting skills 1-1 Analysis
Learning
Exercises Topic Objectives Skills
1.1 You as a user of accounting information 1-1 Analysis, judgment
1.2 Real World: Boeing Company, California 1-3, 1-4 Analysis, research
Public Employees Retirement System, China
Airlines Users of accounting information
What is financial reporting?
1.3 1-3 Analysis, judgment
1.4 Generally accepted accounting principles 1-6 Analysis
1.5 Accounting organizations 1-6 Analysis, communication
1.6 Investment return 1-3 Analysis
1.7 Accounting terminology 1-3-1-5, 1-7 Analysis
1.8 Accounting organizations 1-6 Analysis
1.9 Financial and management accounting 1-3, 1-4 Judgment
1.10 Management accounting information 1-4 Communication, judgment
1.11 Accounting organizations 1-6 Analysis, judgment
1.12 Purpose of an audit 1-5 Analysis, judgment
1.13 Audits of financial statements 1-5 Analysis
1.14 Ethics and professional judgment 1-7 Analysis,
communication,
1.15 Careers in accounting 1-8 Judgment,
1.16 Home Depot, Inc. general information 1-1, 1-3, 1-5 Analysis, judgment,
research
Due to the introductory nature of this chapter and the conceptual nature of its contents, no items labeled Problems are
included. In all future chapters you will find a series of Problems that generally include computations, are more complex,
and generally require more time to complete than Exercises.
Critical Thinking Cases
1.1 Real World: Fannie Mae 1-5 Analysis, ethics,
Reliability of financial statements
1.2 Objectives of financial accounting 1-3 Analysis, communication,
group,
1.3 Accounting systems 1-2 Analysis, communication
1.4 Codes of ethics (Ethics, fraud, and 1-7 Analysis, communication,
corporate governance)
1.5 Accessing information on the Internet 1-6, 1-7 Research, technology
(Internet)
, .
