财务会计 答案 PDF版Chap001

1、BriefLearningExercisesTopicObjectivesSkillsB. Ex. 1.1Users of accounting information1, 3, 5AnalysisB. Ex. 1.2Components of internal control2, 5AnalysisB. Ex. 1.3Inexact or approximate measures3, 4Analysis, judgmentB. Ex. 1.4Standards for the preparation of5, 6Analysisaccounting informationB. Ex. 1.5FASB conceptual framework1, 3, 5, 6AnalysisB. Ex. 1.6PCAOB5, 6Analysis, researchB. Ex. 1.7COSO2, 5, 6Analysis, ethicsB. Ex. 1.8Professional certifications in accounting7, 8AnalysisB. Ex. 1.9AICPA code

2、 of professional conduct5, 7Analysis, ethicsB. Ex. 1.10Personal benefits of accounting skills1AnalysisLearningExercisesTopicObjectivesSkills1.1You as a user of accounting information1Analysis, judgment1.23, 4Analysis, researchUsers of accounting information1.3What is financial reporting?3Analysis, judgment1.4Generally accepted accounting principles6Analysis1.5Accounting organizations6Analysis, communication1.6Investment return3Analysis1.7Accounting terminology3-5, 7Analysis1.8Accounting organiza

3、tions6Analysis1.9Financial and management accounting3, 4Judgment1.10Management accounting information4Communication, judgment1.11Accounting organizations6Analysis, judgment1.12Purpose of an audit5Analysis, judgment1.13Audits of financial statements5Analysis1.14Ethics and professional judgment71.15Careers in accounting8Judgment, communication1.16Home Depot, Inc. general information1, 3, 5 Real World: Boeing Company, California Public Employees Retirement System, China AirlinesCHAPTER 1ACCOUNTING:

4、 INFORMATION FOR DECISION MAKINGOVERVIEW OF BRIEF EXERCISES, EXERCISES, AND CRITICAL THINKINGCASESAnalysis, communication, judgmentAnalysis, judgment, research The McGraw-Hill Companies, Inc., 2012Overview1.1Real World: Fannie Mae 5Analysis, ethics, judgmentReliability of financial statements1.2Objectives of financial accounting31.3Accounting systems2Analysis, communication1.471.56, 7Research, technologyAccessing information on the Internet (Internet)Critical Thinking CasesCodes of ethics (Ethic

5、s, fraud, and corporate governance)Analysis, communication, judgmentDue 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.Analysis, communication, group, judgment The McGraw-Hill Companies, Inc., 2012OverviewCritical Thinking CasesFannie Mae Reliabilit

6、y of Financial StatementsObjectives of Financial AccountingAccounting SystemsCodes of EthicsEthics, Fraud, and Corporate GovernanceAccessing Information on the InternetInternetBelow are brief descriptions of each case. These descriptions are accompanied by the estimated time (in minutes) required for completion and by a difficulty rating. DESCRIPTIONS OF CRITICAL THINKING CASES1.115 EasyCharacteristics of accounting and accounting information (e.g., useful for decision making, language of busine

7、ss) are used to explain the importance of accounting information.1.215 Medium This case explores the general subject of integrity in financial statementswhat causes potential investors to be able to rely on information and what precludes management from portraying a company in more positive terms than it should.1.430 MediumThe purpose and functions of accounting systems are covered, as well as the definition of what an accounting system is and who is responsible for designing and implementing ac

8、counting systems.Students are placed in the position of a new employee who is faced with the challenge of becoming familiar with an appropriate code of ethics and must think through how that code might influence his/her behavior on the job.1.315 Easy1.530 MediumStudents are introduced to learning on the Internet by accessing the Rutgers University web page on accounting information. Once there, they learn about accounting firms, accounting textbook publishers, and professional accounting organiz

9、ations. The McGraw-Hill Companies, Inc., 2012Desc. of CasesSUGGESTED ANSWERS TO DISCUSSION QUESTIONS1.2. 5.6.7.Internal accounting information is primarily oriented toward the future. While some management accounting information is historical, the purpose of management accounting information is to facilitate current and future decision making that is in the best interests of the company and that is consistent with the companys mission. Financial accounting information, while also used for curren

10、t and future decision making, is generally more historical in nature than is management accounting. Financial accounting information deals primarily with the financial activities of the enterprise during recent past periods.Generally accepted accounting principles are agreed-upon ways that economic activity will be captured and reported in monetary terms. They are important in insuring the integrity of financial accounting information and being able to compare the information of one enterprise w

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