Financial Accounting

Financial Accounting The Impact on Decision Makers 10e Gary Porter Curtis Norton (Solutions Manual All Chapters) Download Link at the end of this file 1 / 4

1-1 © 2017 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

CHAPTER 1

Accounting as a Form of Communication

OVERVIEW OF EXERCISES, PROBLEMS, AND CASES

Estimated Time in Learning Outcomes Exercises Minutes Level

Module 1

• Explain what business is about.

• Distinguish among the forms of organization.

• Describe the various types of business activities. 1 5 Mod

Module 2

• Define accounting and identify the primary users of accounting 2 5 Easy

information and their needs. 15* 10 Mod

• Explain the purpose of each of the financial statements 3 15 Mod

and the relationships among them and prepare a set of 4 10 Mod simple statements. 5 10 Mod

• 15 Easy
• 10 Easy
• 20 Diff
• 15 Mod

10 10 Mod 11 10 Mod 14 15 Mod 15* 10 Mod 16* 10 Mod

Module 3

• Identify and explain the primary assumptions made in 12 10 Mod

preparing financial statements. 16* 10 Mod

• Identify the various groups involved in setting accounting standards 13 10 Mod

and the role of auditors in determining whether the standards are followed.

• Explain the critical role that ethics plays in providing useful

financial information.

*Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff) 2 / 4

1-2 FINANCIAL ACCOUNTING SOLUTIONS MANUAL

© 2017 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.Problems Estimated and Time in Learning Outcomes Alternates Minutes Level

Module 1

• Explain what business is about.

• Distinguish among the forms of organization.

• Describe the various types of business activities.

Module 2

• Define accounting and identify the primary users of accounting 1 30 Mod

information and their needs. 2 20 Mod

• 20 Mod

• Explain the purpose of each of the financial statements 3 30 Easy

and the relationships among them and prepare a set of 4 30 Easy simple statements. 5 60 Mod

• 45 Mod
• 60 Diff
• 25 Mod

10* 45 Diff

Module 3

• Identify and explain the primary assumptions made in 10* 45 Diff

preparing financial statements.

• Identify the various groups involved in setting accounting standards

and the role of auditors in determining whether the standards are followed.

• Explain the critical role that ethics plays in providing useful

financial information.

*Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff) 3 / 4

CHAPTER 1 • ACCOUNTING AS A FORM OF COMMUNICATION 1-3

© 2017 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.Estimated Time in Learning Outcomes Cases Minutes Level

Module 1

• Explain what business is about.

• Distinguish among the forms of organization.

• Describe the various types of business activities.

Module 2

• Define accounting and identify the primary users of accounting 1* 25 Mod

information and their needs. 4 30 Mod 6* 75 Diff

• Explain the purpose of each of the financial statements 1* 25 Mod

and the relationships among them and prepare a set of 2 20 Mod simple statements. 3 30 Mod

• 60 Diff

6* 75 Diff

Module 3

• Identify and explain the primary assumptions made in

preparing financial statements.

• Identify the various groups involved in setting accounting standards

and the role of auditors in determining whether the standards are followed.

• Explain the critical role that ethics plays in providing useful 6* 75 Diff

financial information. 7 20 Mod

*Exercise, problem, or case covers two or more learning outcomes

Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff)

• / 4