chapter_1 - CHAPTER 1 Accounting as a Form of Communication OVERVIEW OF EXERCISES PROBLEMS AND CASES Learning Outcomes Exercises Estimated Time in

chapter_1 - CHAPTER 1 Accounting as a Form of Communication...

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CHAPTER 1 Accounting as a Form of Communication OVERVIEW OF EXERCISES, PROBLEMS, AND CASES Estimated Time in Learning Outcomes Exercises Minutes Level 1. Identify the primary users of accounting information and their 1 5 Mod needs. 12* 10 Mod 14* 15 Mod 2.Explain the purpose of each of the financial statements 25Easyand the relationships among them, and prepare a set of 315Modsimple statements. 4 10 Mod 5 10 Mod 6 15 Easy 7 10 Easy 8 20 Diff 9 15 Mod 12* 10 Mod 13* 10 Mod 3.Identify and explain the primary assumptions made in 1010Modpreparing financial statements.13*10Mod4.Explain the critical role that ethics play in providing usefulfinancial information.5.Describe the various roles of accountants in organizations. 11 5 Easy 14* 15 Mod *Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff) 1-1
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1-2 FINANCIAL ACCOUNTING SOLUTIONS MANUAL Problems Estimated and Time in Learning Outcomes Alternates Minutes Level 1.Identify the primary users of accounting information and their 130Modneeds. 2 20 Mod 10 20 Mod 2.Explain the purpose of each of the financial statements 330Easyand the relationships among them, and prepare a set of 430Easysimple statements. 5 60 Mod 6 45 Mod 7 60 Diff 8 25 Mod 11* 45 Diff 3.Identify and explain the primary assumptions made in 11*45Diffpreparing financial statements.4.Explain the critical role that ethics play in providing usefulfinancial information.5.Describe the various roles of accountants in organizations. 9 15 Easy *Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff)
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CHAPTER 1 • ACCOUNTING AS A FORM OF COMMUNICATION 1-3 Estimated Time in Learning Outcomes Cases Minutes Level 1.Identify the primary users of accounting information and their 1*25Modneeds. 2.Explain the purpose of each of the financial statements 1*25Modand the relationships among them, and prepare a set of 220Modsimple statements. 3.Identify and explain the primary assumptions made in preparing financial statements.4.Explain the critical role that ethics play in providing usefulfinancial information. 5.Describe the various roles of accountants in organizations. 7* 20 Mod *Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff)
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1-4 FINANCIAL ACCOUNTING SOLUTIONS MANUAL Q U E S T I O N S
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