Brief Learning Exercises Topic Objectives Skills B. Ex. 1.1 Users of accounting information 1-1, 1-3, 1-5 Analysis B. Ex. 1.2 Components of internal control 1-2, 1-5 Analysis B. Ex. 1.3 Inexact or approximate measures 1-3, 1-4 Analysis, judgment B. Ex. 1.4 Standards for the preparation of 1-5, 1-6 Analysis accounting information B. Ex. 1.5 FASB conceptual framework 1-1, 1-3, 1-5, 1-6 Analysis B. Ex. 1.6 PCAOB 1-5, 1-6 Analysis, research B. Ex. 1.7 COSO 1-2, 1-5, 1-6 Analysis, ethics B. Ex. 1.8 Professional certifications in accounting 1-7,1- 8 Analysis B. Ex. 1.9 AICPA code of professional conduct 1-5, 1-7 Analysis, ethics B. Ex. 1.10 Personal benefits of accounting skills 1-1 Analysis Learning Exercises Topic Objectives Skills 1.1 You as a user of accounting information 1-1 Analysis, judgment 1.2 1-3, 1-4 Analysis, research Users of accounting information 1.3 What is financial reporting? 1-3 Analysis, judgment 1.4 Generally accepted accounting 1-6 Analysis 1.5 Accounting organizations 1-6 Analysis, communication 1.6 Investment return 1-3 Analysis 1.7 Accounting terminology 1-3-1-5, 1-7 Analysis 1.8 Accounting organizations 1-6 Analysis 1.9 Financial and management accounting 1-3, 1-4 Judgment 1.10 Management accounting information 1-4 Communication, judgment 1.11 Accounting organizations 1-6 Analysis, judgment 1.12 Purpose of an audit 1-5 Analysis, judgment 1.13 Audits of financial statements 1-5 Analysis 1.14 Ethics and professional judgment 1-7 1.15 Careers in accounting 1-8 Judgment, 1.16 Home Depot, Inc. general information 1-1, 1-3, 1-5 1.1 Real World: Fannie Mae 1-5 Analysis, ethics, Reliability of financial statements 1.2 Objectives of financial accounting 1-3 1.3 Accounting systems 1-2 Analysis, communication 1.4 1-7 1.5 1-6, 1-7 Research, technology Real World: Boeing Company, California Public Employees Retirement System, China Airlines Accessing information on the Internet (Internet) Critical Thinking Cases Codes of ethics (Ethics, fraud, and corporate governance) Analysis, communication, group, judgment CHAPTER 1 ACCOUNTING: INFORMATION FOR DECISION MAKING OVERVIEW OF BRIEF EXERCISES, EXERCISES, AND CRITICAL THINKING CASES Analysis, communication, judgment Analysis, communication, Analysis, judgment, research Due 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.