SOLUTION MANUAL FOR ACCOUNTING PRINCIPLES, VOLUME 1, 10TH CANADIAN EDITION JERRY J. WEYGANDT, PAUL D. KIMMEL, JILL E. MITCHELL, VALERIE WARREN, LORI NOVAK CHAPTER 1-10
CHAPTER 1 Accounting in Action
Learning Objectives 1. Identify the use and users of accounting and the objective of financial reporting. 2. Compare the different forms of business organization. 3. Explain the building blocks of accounting: ethics and the concepts included in the conceptual framework. 4. Describe the components of the financial statements and explain the accounting equation. 5. Analyze the effects of business transactions on the accounting equation. 6. Prepare financial statements.