Financial Accounting
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Description
Contents
Reviews
Language
English
ISBN
978-1-946135-10-0
Cover
Title Page
Copyright
Table Of Contents
Publisher Information
About the Authors
Acknowledgments
Preface
Chapter 1: Why Is Financial Accounting Important?
1.1 Making Good Financial Decisions about an Organization
1.2 Incorporation and the Trading of Capital Shares
1.3 Using Financial Accounting for Wise Decision Making
1.4 End-of-Chapter Exercises
Chapter 2: What Should Decision-makers Know So That Good Decisions Can Be Made about an Organization?
2.1 Creating a Portrait of an Organization That Can Be Used by Decision Makers
2.2 Dealing with Uncertainty
2.3 The Need for Generally Accepted Accounting Principles
2.4 Four Basic Terms Found in Financial Accounting
2.5 End-of-Chapter Exercises
Chapter 3: In What Form Is Financial Information Actually Delivered to Decision Makers Such as Investors and Creditors?
3.1 The Construction of an Income Statement
3.2 Reported Profitability and the Principle of Conservatism
3.3 Increasing the Net Assets of a Company
3.4 Reporting a Balance Sheet and a Statement of Cash Flows
3.5 End-of-Chapter Exercises
Chapter 4: How Does an Organization Accumulate and Organize the Information Necessary to Prepare Financial Statements?
4.5 The Connection of the Journal and the Ledger
4.6 End-of-Chapter Exercises
4.1 The Essential Role of Transaction Analysis
4.2 The Effects Caused by Common Transactions
4.3 An Introduction to Double-Entry Bookkeeping
4.4 Preparing Journal Entries
Chapter 5: Why Must Financial Information Be Adjusted Prior to the Production of Financial Statements?
5.1 The Need for Adjusting Entries
5.2 Preparing Various Adjusting Entries
5.3 Preparing Financial Statements Based on Adjusted Balances
5.4 Chapter Appendix
5.5 End-of-Chapter Exercises
Chapter 6: Why Should Decision Makers Trust Financial Statements?
6.1 The Need for the Securities and Exchange Commission
6.2 The Role of the Independent Auditor in Financial Reporting
6.3 Performing an Audit
6.4 The Need for Internal Control
6.5 The Purpose and Content of an Independent Auditor’s Report
6.6 End-of-Chapter Exercises
Chapter 7: In a Set of Financial Statements, What Information Is Conveyed about Receivables?
7.7 End-of-Chapter Exercises
7.1 Accounts Receivable and Net Realizable Value
7.2 Accounting for Uncollectible Accounts
7.3 The Problem with Estimations
7.4 Estimating the Amount of Uncollectible Accounts
7.5 Remeasuring Foreign Currency Balances
7.6 A Company’s Vital Signs—Accounts Receivable
Chapter 8: How Does a Company Gather Information about Its Inventory?
8.1 Determining and Reporting the Cost of Inventory
8.2 Perpetual and Periodic Inventory Systems
8.3 The Calculation of Cost of Goods Sold
8.4 Reporting Inventory at the Lower-of-Cost-or-Market
8.5 Determining Inventory on Hand
8.6 End-of-Chapter Exercises
Chapter 9: Why Does a Company Need a Cost Flow Assumption in Reporting Inventory?
9.1 The Necessity of Adopting a Cost Flow Assumption
9.2 The Selection of a Cost Flow Assumption for Reporting Purposes
9.3 Problems with Applying LIFO
9.4 Merging Periodic and Perpetual Inventory Systems with a Cost Flow Assumption
9.5 Applying LIFO and Averaging to Determine Reported Inventory Balances
9.6 Analyzing Reported Inventory Figures
9.7 End-of-Chapter Exercises
Chapter 10: In a Set of Financial Statements, What Information Is Conveyed about Property and Equipment?
10.7 End-of-Chapter Exercises
10.1 The Reporting of Property and Equipment
10.2 Determining Historical Cost and Depreciation Expense
10.3 Recording Depreciation Expense for a Partial Year
10.4 Alternative Depreciation Patterns and the Recording of a Wasting Asset
10.5 Recording Asset Exchanges and Expenditures That Affect Older Assets
10.6 Reporting Land Improvements and Impairments in the Value of Property and Equipment
Chapter 11: In a Set of Financial Statements, What Information Is Conveyed about Intangible Assets?
11.1 Identifying and Accounting for Intangible Assets
11.2 The Balance Sheet Reporting of Intangible Assets
11.3 Recognizing Intangible Assets Owned by a Subsidiary
11.4 Accounting for Research and Development
11.5 Acquiring an Asset with Future Cash Payments
11.6 End-of-Chapter Exercises
Chapter 12: In a Set of Financial Statements, What Information Is Conveyed about Equity Investments?
12.1 Accounting for Investments in Trading Securities
12.2 Accounting for Investments in Securities That Are Available for Sale
12.3 Accounting for Investments by Means of the Equity Method
12.4 The Reporting of Consolidated Financial Statements
12.5 End-of-Chapter Exercises
Chapter 13: In a Set of Financial Statements, What Information Is Conveyed about Current and Contingent Liabilities?
13.1 Basic Reporting of Liabilities
13.2 Reporting Current Liabilities Such as Gift Cards
13.3 Accounting for Contingencies
13.4 Accounting for Product Warranties
13.5 End-of-Chapter Exercises
Chapter 14: In a Set of Financial Statements, What Information Is Conveyed about Noncurrent Liabilities Such as Bonds?
14.2 The Issuance of Notes and Bonds
14.3 Accounting for Zero-Coupon Bonds
14.4 Pricing and Reporting Term Bonds
14.5 Issuing and Accounting for Serial Bonds
14.6 Bonds with Other Than Annual Interest Payments
14.7 End-of-Chapter Exercises
14.1 Debt Financing
Chapter 15: In Financial Statements, What Information Is Conveyed about Other Noncurrent Liabilities?
15.1 Accounting for Leases
15.2 Operating Leases versus Capital Leases
15.3 Recognition of Deferred Income Taxes
15.4 Reporting Postretirement Benefits
15.5 End-of-Chapter Exercises
Chapter 16: In a Set of Financial Statements, What Information Is Conveyed about Shareholders’ Equity?
16.1 Selecting a Legal Form for a Business
16.2 The Issuance of Common Stock
16.3 Issuing and Accounting for Preferred Stock and Treasury Stock
16.4 The Issuance of Cash and Stock Dividends
16.5 The Computation of Earnings per Share
16.6 End-of-Chapter Exercises
Chapter 17: In a Set of Financial Statements, What Information Is Conveyed by the Statement of Cash Flows?
17.1 The Structure of a Statement of Cash Flows
17.2 Cash Flows from Operating Activities: The Direct Method
17.3 Cash Flows from Operating Activities: The Indirect Method
17.4 Cash Flows from Investing and Financing Activities
17.5 Appendix
17.6 End-of-Chapter Exercises
Appendix: Present Value Tables
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