CHAPTER 1 COVERAGE OF LEARNING OBJECTIVES LEARNING OBJECTIVE FUNDAMENTAL ASSIGNMENT MATERIAL ADDITIONAL ASSIGNMENT MATERIAL CASES, EXCEL, COLLAB., & INTERNET EXERCISES LO1: Explain why accounting is essential for decision makers and managers. B3 30, 30, 31, 31, 39 52, 55 LO2: Describe the major users and uses of accounting information. A1, B1, B3 28, 29, 33, 39, 39, 40, 40, 42, 42 55 LO3: Explain the role of budgets and performance reports in planning and control. A2, B2, B3 5, 5, 6, 6, 32, 32, 45, 45 53 LO4: Describe the costbenefit and behavioral issues involved in designing an accounting system. 41, 43 LO5: Discuss the role accountants play in the company’s value chain functions. A1, B1, B3 17, 30, 30, 31, 31, 34, 34, 35, 36, 39, 42, 42, 44, 45, 46, 46 LO6: Identify current trends in management accounting. B3 24 54 LO7: Explain why ethics and standards of ethical conduct are important to accountants. A3, B3 37, 38, 38, 47, 48, 48, 49 51, 52, 55