Lecture Notes for Financial and Managerial Accounting, 8th Edition

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Financial and Managerial Accounting, 8thEdition1-1CHAPTER 1ACCOUNTING IN BUSINESSRelated Assignment MaterialsStudent Learning ObjectivesQuestionsQuickStudies*Exercises*Problems*AA and BTNConceptual objectives:C1. Explain the purpose andimportance of accounting1, 2, 4, 5,1-11-1, 1-4, 1-6BTN 1-4C2. Identify users and uses of, andopportunities, in accounting.3, 6, 7, 8, 9,10, 12, 231-21-2, 1-3, 1-4BTN 1-2,BTN 1-6C3. Explain whyethics are crucialto accounting.11, 141-31-4, 1-5BTN 1-1C4. Explain generally acceptedaccounting principles anddefine and apply severalaccounting principles.13, 14, 15,191-4, 1-5,1-61-6, 1-71-9, SPBTN 1-6C5.BIdentify and describe the threemajor activities oforganizations. (Appendix 1B)14, 16, 30,311-211-13, 1-14Analytical objectives:A1. Define and interpret theaccounting equation and eachof its components.17, 20, 241-7, 1-8,1-9, 1-171-8, 1-9,1-231-1, 1-2,1-8, 1-10AA 1-1,AA1-2,BTN 1-5A2. Compute and interpret returnon assets.281-161-14, 1-181-10, 1-11AA 1-1,AA1-2,AA1-3,BTN 1-5A3.AExplain the relation betweenreturn and risk. (Appendix 1A)291-12Procedural objectives:P1. Analyze business transactionsusing the accounting equation.181-10, 1-111-10, 1-11,1-12, 1-131-1, 1-2, 1-7,1-8, 1-9, SPBTN 5P2. Identify and prepare basicfinancial statements andexplain how they interrelate.21, 22, 23, 24,25, 26, 27, 32,331-12, 1-13,1-14, 1-151-15, 1-16,1-17, 1-18,1-19, 1-20,1-221-3, 1-4, 1-5,1-6, 1-7, 1-9*See additional information on next page that pertains to these quick studies, exercises,and problems.SP refers to the Serial ProblemAA refers toAccountingAnalysisBTN refers to Beyond theNumbersQuestions withGuided Examplevideos

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Financial And Managerial Accounting...

Lecture Notes for Financial and Managerial Accounting, 8th Edition

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