Review_Sheet_Ex_1.su2010 - Review Sheet Intermediate...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Review Sheet Intermediate Accounting I Chapters 1 – 3 Overall: One really good way to study would be to make sure you understand each learning objective at the beginning of each chapter. (See page 1 for those relevant to Chapter 1). Also I would be familiar with every exhibit in each chapter. If it is important enough to warrant a picture/chart/or graph it is important enough for you to know it. Chapter 1 Definition of Accounting 4 required financial statements Relationship between accounting and capital resource allocation Challenges facing financial accounting 3 objectives of financial reporting History of standard setting and parties involved in standard setting FASB facts and due process FAF’s relationship to FASB and GASB Codification Why is standard setting political? User groups influencing standard setting? What is expectations gap? IASB and its role Illustration 1-4 is an important one to know Chapter 2 Problems with non-financial measurements Need for, content of and purpose of conceptual framework
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/08/2010 for the course BUSINESS 3502 taught by Professor Drjo during the Spring '10 term at UCM.

Page1 / 2

Review_Sheet_Ex_1.su2010 - Review Sheet Intermediate...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online