LO AACSB AICPA E1-1 Pronouncements FASB accounting standards 15 codification; different sources of GAAP 3 Easy Analytic Measurement Comprehension C1-1 Describe the meaning of the 10 terms “accounting principles” and “generally Accounting Principles accepted” AICPA Easy Analytic Measurement Application C1-2 Describe why there is CMA political action and social involvement in the standard Standard Setting setting process 3 Easy 10 Analytic Measurement Application C1-3 Summarize the structure of Organization of the the FASB and its operating FASB procedures 3 Easy 15 Analytic Measurement Application C1-4 Identify, briefly discuss, and Code of Professional provide examples to illustrate Conduct the first five principles of CPC 8 Easy 10 Analytic Measurement Application C1-5 Discuss pros and cons of lobbying FASB by interested Lobbying the FASB parties 3 Easy 5 Analytic Measurement Application C1-6 International Discuss convergence of U.S. Moderate Convergence GAAP and international accounting standards; include discussion of SEC and its role in this convergence; Includes IFRS 6 10 Analytic Measurement Application C1-7 Identify two important pieces 20 of information from each of the four primary financial Starbucks statements and Corporation's management discussion and Financial Statements analysis 7 Moderate Analytic Reporting Application
LO AACSB AICPA E1-1 Pronouncements FASB accounting standards codification; different sources of GAAP 3 Easy 15 Analytic Measurement Comprehension C1-1 Accounting Principles Describe the meaning of the terms “accounting principles” and “generally accepted” AICPA Easy 10 Analytic Measurement Application C1-2 Standard Setting Describe why there is political action and social involvement in the standard setting process 3 CMA Easy 10 Analytic Measurement Application C1-3 Organization of the FASB Summarize the structure of the FASB and its operating procedures 3 Easy 15 Analytic Measurement Application C1-4 Code of Professional Conduct Identify, briefly discuss, and provide examples to illustrate the first five principles of CPC 8 Easy 10 Analytic Measurement Application C1-5 Lobbying the FASB Discuss pros and cons of lobbying FASB by interested parties 3 Easy 5 Analytic Measurement Application C1-6 International Convergence Discuss convergence of U.S. GAAP and international accounting standards; include discussion of SEC and its role in this convergence; Includes IFRS 6 Moderate 10 Analytic Measurement Application C1-7 Starbucks Corporation's Financial Statements Identify two important pieces of information from each of the four primary financial statements and management discussion and analysis 7 Moderate 20 Analytic Reporting Application
SM-01-Wahlen-1e-9pp-final.docx