McGraw-Hill OnlineMcGraw-Hill Higher EducationLearning Center
Student Center | Instructor Center | Information Center | Home
Intel Abstracts
Cases
Sample Study Guide
Link to NetTutor
PowerWeb
Chapter Objectives
Chapter Outline
Multiple Choice Quiz
Flashcards
Crossword Puzzle
Demonstration Problems
Spreadsheet Problems
PowerPoint Presentations
Study Outline
Feedback
Help Center


Cover
Accounting: What the Numbers Mean, 5/e
David H. Marshall, Millikin University
Wayne W. McManus, International College of the Cayman Islands
Daniel F. Viele, Webster University

Accounting - Present and Past

Chapter 1 Learning Objectives

After studying this chapter, you should understand:

1.

The definition of accounting.

2.

Who the users of accounting information are and why they find accounting information useful.

3.

The variety of professional services that accountants provide.

4.

The development of accounting from a broad historical perspective.

5.

The role that the Financial Accounting Standards Board (FASB) plays in the development of financial accounting standards.

6.

How financial reporting standards evolve.

7.

The key elements of ethical behavior for a professional accountant.

8.

The FASB's Conceptual Framework project.

9.

The objectives of financial reporting for business enterprises.

10.

The plan of the book.