ACCT.ACBSP.APC.20 - Accounting for Corporations ACCREDITING STANDARDS: ACCT.AICPA.BB.03 - Legal ACCT.AICPA.FN.03 - Measurement BUSPROG: Ethics List the five steps in the process by which accounting provides information to users. 1. Identify users. ANSWER: information needs. Assess users’ Design the accounting information system to meet users’ needs. Record economic data about business activities and events. Prepare accounting reports for users. Moderate DIFFICULTY: Remembering Bloom’s: ACCT.WARD.16.01-01 - 01-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.01 - Purpose ACCREDITING STANDARDS: ACCT.AICPA.BB.01 - Industry ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic For each of the following companies, identify whether they are a service, merchandising, or manufacturing business. A. Dillard’s Time Warner Cable B. General Motors C. Blockbuster D. E. Applebee’s Sony F. Best Buy G. Banana Republic H. H&R Block I. ANSWER: Merchandising A. Service B. Manufacturing C. Service D. Service / Manufacturing E. Manufacturing F. Merchandising G. Merchandising H. Service I. Moderate DIFFICULTY: Remembering Bloom’s: ACCT.WARD.16.1-01 - 1-01 LEARNING OBJECTIVES:
ACCREDITING STANDARDS: ACCT.ACBSP.APC.20 - Accounting for Corporations ACCT.AICPA.BB.03 - Legal ACCT.AICPA.FN.03 - Measurement BUSPROG: Ethics List the five steps in the process by which accounting provides information to users. ANSWER: 1. Identify users. Assess users’ information needs. Design the accounting information system to meet users’ needs. Record economic data about business activities and events. Prepare accounting reports for users. DIFFICULTY: Moderate Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.01-01 - 01-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose ACCT.AICPA.BB.01 - Industry ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic For each of the following companies, identify whether they are a service, merchandising, or manufacturing business. A. Dillard’s B. Time Warner Cable C. General Motors D. Blockbuster E. Applebee’s F. Sony G. Best Buy H. Banana Republic I. H&R Block ANSWER: A. Merchandising B. Service C. Manufacturing D. Service E. Service / Manufacturing F. Manufacturing G. Merchandising H. Merchandising I. Service DIFFICULTY: Moderate Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.1-01 - 1-01
Accouting-26th-Edition-Test-Bank.docx