Solution Manual for Intermediate Accounting 16Th Edition by Donald E. Kieso

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Edition: 16th Edition

Format: Downloadable ZIP File

Resource Type: Solution Manual

Duration: Unlimited downloads

Delivery: Instant Download

Solution Manual for Intermediate Accounting 16Th Edition by Donald E. Kieso

ISBN-13: 978-1119231530, ISBN-10: 1119231531

CHAPTER 1: Financial Accounting and Accounting Standards 

ASSIGNMENT CLASSIFICATION TABLE (By Topic)

 

Topics

 

Questions

 

Cases

1. Subject matter of accounting. 1 4
2. Environment of accounting. 2, 3, 21 6, 7
3. Role of principles, objectives, standards, and accounting theory. 4, 5, 6, 7 1, 2, 3, 5
4. Historical development of GAAP. 8, 9, 10, 11 8
5. Authoritative pronouncements and rule-making bodies. 12, 13, 14, 15,
16, 17, 18, 19,
20
3, 9, 11, 12, 14
6. Role of pressure groups. 21, 22, 23, 24, 25,
26
10, 16, 17
7. Ethical issues. 28 13, 15

 

 

ASSIGNMENT CLASSIFICATION TABLE (By Learning Objective)

 

Learning Objectives Questions Cases
1. Understand the financial reporting environment. 1, 2, 3, 4, 5, 6, 7 CA1-2, CA1-3, CA1-4, CA1-5, CA1-6, CA1-7, CA1-9
2. Identify the major policy-setting bodies and their role in the standard-setting process. 8, 9, 10, 11, 13, 14, 15, 16, 18, 19 CA1-1, CA1-2, CA1-3, CA1-7, CA1-8, CA1-9, CA1-10, CA1-11, CA1-12, CA1-14
3. Explain the meaning of generally accepted accounting principles (GAAP) and the role of the codification for GAAP. 12, 14, 18, 19, 20, 21 CA1-2, CA1-3, CA1-7, CA1-8, CA1-12
4. Describe major challenges in the financial reporting environment. 16, 17, 21, 22, 23, 24, 25, 26, 27, 28 CA1-6, CA1-10, CA1-11, CA1-13, CA1-15, CA1-16, CA1-17

 

ASSIGNMENT CHARACTERISTICS TABLE

 

 

Item   Description Level of Difficulty Time
(minutes)
CA1-1   FASB and standard-setting. Simple  

15–20

CA1-2   GAAP and standard-setting. Simple 15–20
CA1-3   Financial reporting and accounting standards. Simple 15–20
CA1-4   Financial accounting. Simple 15–20
CA1-5   Objective of financial reporting. Moderate 20–25
CA1-6   Accounting numbers and the environment. Simple 10–15
CA1-7   Need for GAAP. Simple 15–20
CA1-8   AICPA’s role in rule-making. Simple 20–25
CA1-9   FASB role in rule-making. Simple 20–25
CA1-10   Politicization of GAAP. Complex 30–40
CA1-11   Models for setting GAAP. Simple 15–20
CA1-12   GAAP terminology. Moderate 30–40
CA1-13   Rule-making Issues. Complex 20–25
CA1-14   Securities and Exchange Commission. Moderate 30–40
CA1-15   Financial reporting pressures. Moderate 25–35
CA1-16   Economic consequences. Moderate 25–35
CA1-17   GAAP and economic consequences. Moderate 25–35

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