Financial Accounting

Financial Accounting (IFRS), Asia Global Edition, 2e Jan Williams, Susan Haka, Bettner Carcello (Solutions Manual All Chapters)

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BriefLearning ExercisesTopicObjectives

• Ex. 1.1Users of accounting information 1, 3, 5
• Ex. 1.2Components of internal control 2,5
• Ex. 1.3Inexact or approximate measures 3,4
• Ex. 1.4Standards for the preparation of 5,6

accounting information

• Ex. 1.5FASB conceptual framework 1, 3, 5, 6
• Ex. 1.6PCAOB5, 6
• Ex. 1.7COSO2, 5, 6
• Ex. 1.8Professional certifications in accounting7, 8
• Ex. 1.9AICPA code of professional conduct 5, 7
• Ex. 1.10Personal benefits of accounting skills1

Learning ExercisesTopicObjectives 1.1 You as a user of accounting information1

1.23, 4

Users of accounting information 1.3 What is financial reporting? 3 1.4 Generally accepted accounting principles6 1.5 Accounting organizations6 1.6 Investment return3 1.7 Accounting terminology3-5, 7 1.8 Accounting organizations6 1.9 Financial and management accounting 3, 4 1.10 Management accounting information 4 1.11 Accounting organizations6 1.12 Purpose of an audit5 1.13 Audits of financial statements 5 1.14 Ethics and professional judgment 7 1.15 Careers in accounting8 1.16 Wilmar International Limited general information

1, 3, 5

Real World: Boeing Company,

California Public Employees Retirement System, China Airlines

CHAPTER 1

ACCOUNTING: INFORMATION FOR DECISION MAKING

OVERVIEW OF BRIEF EXERCISES, EXERCISES AND CRITICAL THINKING

CASES © The McGraw-Hill Companies, Inc., 2010 Overview 2 / 4

1.1 Real World: Dubai World5

Reliability of financial statements 1.2 Objectives of financial accounting 3 1.3 Accounting systems2 1.47

1.51, 3, 7

1.66, 7

Accounting reports lack candor (Business Week) Accessing information on the Internet (Internet) Critical Thinking Cases Codes of ethics (Ethics, fraud & corporate governance) 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.© The McGraw-Hill Companies, Inc., 2010 Overview 3 / 4

Skills Analysis Analysis Analysis, judgment Analysis Analysis Analysis, research Analysis, ethics Analysis Analysis, ethics Analysis Skills Analysis, judgment Analysis, research Analysis, judgment Analysis Analysis, communication Analysis Analysis Analysis Judgment Communication, judgment Analysis, judgment Analysis, judgment Analysis Judgment, communication

CHAPTER 1

ACCOUNTING: INFORMATION FOR DECISION MAKING

OVERVIEW OF BRIEF EXERCISES, EXERCISES AND CRITICAL THINKING

Analysis, communication, judgment Analysis, judgment, research CASES © The McGraw-Hill Companies, Inc., 2010 Overview

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