Accounting_Principles_A_Business_Perspective
Free

Accounting_Principles_A_Business_Perspective

By Jackie Sharman
Free
The publisher has enabled DRM protection, which means that you need to use the BookFusion iOS, Android or Web app to read this eBook. This eBook cannot be used outside of the BookFusion platform.
Book Description
Table of Contents
  • Accounting principles:A business perspective
  • The accounting environment
  • Accounting defined
  • Financial accounting versus managerial accounting
  • Development of financial accounting standards
  • Ethical behavior of accountants
  • 1. Accounting and its use in business decisions
    • Forms of business organizations
    • Types of activities performed by business organizations
    • Financial statements of business organizations
    • The financial accounting process
    • Analyzing and using the financial results—the equity ratio
  • 2. Recording business transactions
    • The account and rules of debit and credit
    • The accounting cycle
    • The journal
    • The ledger
    • The accounting process in operation
  • 3. Adjustments for financial reporting
    • Cash versus accrual basis accounting
    • Classes and types of adjusting entries
    • Adjustments for deferred items
    • Adjustments for accrued items
  • 4. Completing the accounting cycle
    • The accounting cycle summarized
    • The work sheet
    • Preparing financial statements from the work sheet
    • Journalizing adjusting entries
    • The closing process
    • Accounting systems: From manual to computerized
    • A classified balance sheet
    • Analyzing and using the financial results — the current ratio
  • 5. Accounting theory
    • Traditional accounting theory
    • Other basic concepts
    • The measurement process in accounting
    • The major principles
    • Modifying conventions (or constraints)
    • The financial accounting standards board's conceptual framework project
    • Objectives of financial reporting
    • Qualitative characteristics
    • Recognition and measurement in financial statements
  • 6. Merchandising transactions
    • Introduction to inventories and the classified income statement
    • Two income statements compared— Service company and merchandising company
    • Sales revenues
    • Cost of goods sold
    • Classified income statement
    • Analyzing and using the financial results—Gross margin percentage
  • 7. Measuring and reporting inventories
    • Inventories and cost of goods sold
    • Determining inventory cost
    • Departures from cost basis of inventory measurement
    • Analyzing and using financial results—inventory turnover ratio
  • 8. Control of cash
    • Internal control
    • Controlling cash
    • The bank checking account
    • Bank reconciliation
    • Petty cash funds
    • Analyzing and using the financial results—The quick ratio
  • 9. Receivables and payables
    • Accounts receivable
    • Current liabilities
    • Notes receivable and notes payable
    • Short-term financing through notes payable
    • Analyzing and using the financial results—Accounts receivable turnover and number of days' sales in accounts receivable
  • 10. Property, plant, and equipment
    • Nature of plant assets
    • Initial recording of plant assets
    • Depreciation of plant assets
    • Subsequent expenditures (capital and revenue) on assets
    • Subsidiary records used to control plant assets
    • Analyzing and using the financial results—Rate of return on operating assets
  • 11. Plant asset disposals, natural resources, and intangible assets
    • Disposal of plant assets
    • Intangible assets
    • Analyzing and using the financial results—Total assets turnover
  • 12. Stockholders' equity: Classes of capital stock
    • The corporation
    • Documents, books, and records relating to capital stock
    • Par value and no-par capital stock
    • Other values commonly associated with capital stock
    • Capital stock authorized and outstanding
    • Classes of capital stock
    • Types of preferred stock
    • Balance sheet presentation of stock
    • Stock issuances for cash
    • Capital stock issued for property or services
    • Balance sheet presentation of paid-in capital in excess of par (or stated) value—Common or preferred
    • Analyzing and using the financial results—Return on average common stockholders' equity
  • 13. Corporations: Paid-in capital, retained earnings, dividends, and treasury stock
    • Paid-in (or contributed) capital
    • Retained earnings
    • Paid-in capital and retained earnings on the balance sheet
    • Retained earnings appropriations
    • Statement of retained earnings
    • Statement of stockholders' equity
    • Treasury stock
    • Net income inclusions and exclusions
    • Analyzing and using the financial results—Earnings per share and price-earnings ratio
  • 14. Stock investments
    • Cost and equity methods
    • Consolidated balance sheet at time of acquisition
    • Accounting for income, losses, and dividends of a subsidiary
    • Consolidated financial statements at a date after acquisition
    • Uses and limitations of consolidated statements
    • Analyzing and using the financial results—Dividend yield on common stock and payout ratios
  • 15. Long-term financing: Bonds
    • Bonds payable
    • Bond prices and interest rates
    • Analyzing and using the financial results—Times interest earned ratio
  • 16. Analysis using the statement of cash flows
    • Purposes of the statement of cash flows
    • Uses of the statement of cash flows
    • Information in the statement of cash flows
    • Cash flows from operating activities
    • Steps in preparing statement of cash flows
    • Analysis of the statement of cash flows
    • Analyzing and using the financial results—Cash flow per share of common stock, cash flow margin, and cash flow liquidity ratios
    • Appendix: Use of a working paper to prepare a statement of cash flows
  • 17. Analysis and interpretation of financial statements
    • Objectives of financial statement analysis
    • Sources of information
    • Horizontal analysis and vertical analysis: An illustration
    • Trend percentages
    • Ratio analysis
  • 18. Managerial accounting concepts/job costing
    • Compare managerial accounting with financial accounting
    • Merchandiser and manufacturer accounting: Differences in cost concepts
    • Financial reporting by manufacturing companies
    • The general cost accumulation model
    • Job costing
    • Predetermined overhead rates
  • 19. Process: Cost systems
    • Nature of a process cost system
    • Process costing illustration
    • Process costing in service organizations
    • Spoilage
  • 20. Using accounting for quality and cost management
    • Importance of good accounting information
    • Quality and customer satisfaction measures
    • Just-in-time method
    • Activity-based costing and management
    • Methods used for activity-based costing
    • Impact of new production environment on cost drivers
    • Activity-based costing in marketing
    • Strategic use of activity-based management
    • Behavioral and implementation issues
    • Opportunities to improve activity-based costing in practice
  • 21. Cost-volume-profit analysis
    • Cost behavior patterns
    • Methods for analyzing costs
    • Cost-volume-profit (CVP) analysis
    • Finding the break-even point
    • Cost-volume-profit analysis illustrated
    • Assumptions made in cost-volume-profit analysis
    • Using computer spreadsheets for CVP analysis
    • Effect of automation on cost-volume-profit analysis
  • 22. Short-term decision making: Differential analysis
    • Contribution margin income statements
    • Differential analysis
    • Applications of differential analysis
    • Applying differential analysis to quality
  • 23. Budgeting for planning and control
    • The budget—For planning and control
    • The master budget illustrated
    • Budgeting in merchandising companies
    • Budgeting in service companies
    • Additional concepts related to budgeting
  • 24. Control through standard costs
    • Uses of standard costs
    • Advantages and disadvantages of using standard costs
    • Computing variances
    • Goods completed and sold
    • Investigating variances from standard
    • Disposing of variances from standard
    • Nonfinancial performance measures
    • Activity-based costing, standards, and variances
  • 25. Responsibility accounting: Segmental analysis
    • Responsibility accounting
    • Responsibility reports
    • Responsibility centers
    • Transfer prices
    • Use of segmental analysis
    • Concepts used in segmental analysis
    • Investment center analysis
    • Economic value added and residual income
    • Segmental reporting in external financial statements
  • 26. Capital budgeting:Long-range planning
    • Capital budgeting defined
    • Profitability index
    • Investments in working capital
    • The postaudit
    • Investing in high technology projects
    • Capital budgeting in not-for-profit organizations
    • Epilogue
    No review for this book yet, be the first to review.
      No comment for this book yet, be the first to comment
      You May Also Like
      Accounting_Principles_Vol._2
      Free
      Accounting_Principles_Vol._2
      By Jackie Sharman
      会计学原理_财务会计_
      Free
      会计学原理_财务会计_
      By Jackie Sharman
      Core_Concepts_of_Marketing
      Free
      Core_Concepts_of_Marketing
      By Tessa Greenleaf
      About the Author
      Free
      About the Author
      By kyharper
      Organizational Behavior
      Free
      Organizational Behavior
      By [Author removed at request of original publisher]
      Personal_Finance
      Free
      Personal_Finance
      By Unknown
      Free
      Intermediate Financial Accounting
      By Glenn Arnold & Suzanne Kyle