Test Bank for Intermediate Accounting, Vol 1 Volume one, 3e 3rd Edition by Hanlon, Hodder, Nelson, Roulstone, Dragoo. ISBN-13: 4255
Volume 1 all chapters included (Ch 1-14)
Chapter 1 Accounting Environment and the Conceptual Framework 1-1
Chapter 2 Accounting Information System 2-1
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Chapter 1
Accounting Environment
and the Conceptual Framework
Learning Objectives – Coverage by question
Multiple Choice
LO 1-1 – Describe the objective of general purpose reporting. 1-4
LO 1-2 – Identify key organizations that determine GAAP, how GAAP is
used for accounting research, and the factors that drive high- quality 5-8
reporting
LO 1-3 –Describe the qualitative characteristics of, and the constraint on,
9-13
useful financial information.
LO 1-4 – Explain financial statement elements in the FASB conceptual
14-18
framework.
LO 1-5 – Describe the four key accounting assumptions. 19-24
LO 1-6 – Describe the four key accounting principles. 25-30
2023
1-1 Intermediate Accounting, 3rd Edition
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