| 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 ObjectivesAfter 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. |
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