Accounting in Action | |
What Is Accounting? | |
The Building Blocks of Accounting | |
The Basic Accounting Equation | |
Using the Basic Accounting Equation | |
Financial Statements | |
The Recording Process | |
The Account | |
Steps in the Recording Process | |
The Recording Process Illustated | |
The Trial Balance | |
Adjusting the Accounts | |
Timing Issues | |
The Basics of Adjusting Entries | |
The Adjusted Trial Balance and Financial Statements | |
Completing the Accounting Cycle | |
Using a Worksheet | |
Closing the Books | |
Summary of the Accounting Cycle | |
The Classified Balance Sheet | |
Accounting for Merchandising Operations | |
Merchandising Operations | |
Recording Purchases of Merchandise | |
Recording Sales of Merchandise | |
Completing the Accounting Cycle | |
Forms of Financial Statements | |
Inventories | |
Classifying Inventory | |
Determining Inventory Quantities | |
Inventory Costing | |
Inventory Errors | |
Statement Presentation and Analysis | |
Fraud, Internal Control, and Cash | |
Fraud and Internal Control | |
Cash Receipts Controls | |
Cash Disbursement Controls | |
Control Features: Use of a Bank | |
Reporting Cash | |
Accounting for Receivables | |
Types of Receivables | |
Accounts Receivable | |
Notes Receivable | |
Statement Presentation and Analysis | |
Plant Assets, Natural Resources, and Intangible Assets | |
Determining the Cost of Plant Assets | |
Depreciation | |
Expenditures During Useful Life | |
Plant Asset Disposals | |
Accounting for Natural Resources | |
Financial Statement Presentation | |
Accounting for Intangible Assets | |
Types of Intangible Assets | |
Research and Development Costs | |
Statement Presentation and Analysis | |
Liabilities | |
What Is a Current Liability? | |
Statement Presentation and Analysis | |
Bond Basics | |
Accounting for Bond Issues | |
Accounting for Bond Retirement | |
Accounting for Long-Term Notes Payable | |
Statement Presentation and Analysis | |
Corporations: Organization, stock Transactions, Dividends, and Retained Earnings | |
The Corporate Form of Organization | |
Accounting for Common Stock Issues | |
Accounting for Treasury Stock | |
Preferred Stock | |
Cash Dividends | |
Stock Dividends | |
Stock Splits | |
Retained Earnings Restrictions | |
Prior Period Adjustments | |
Retained Earnings Statement | |
Statement Presentation and Analysis | |
Investments | |
Why Corporations Invest | |
Accounting for debt Investments | |
Accounting for Stock Investments | |
Valuing and Reporting Investments | |
Statement of Cash Flows | |
The Statement of Cash Flows: Usefulness and Format | |
Preparing the Statement of Cash Flow-Indirect Method | |
Using Cash Flows to Evaluate a Company | |
Financial Statement Analysis | |
Basics of Financial Statement Analysis | |
Horizontal Analysis | |
Vertical Analysis | |
Ratio Analysis | |
Earning Power and Irregular Items | |
Quality of Earnings | |
Accounting Principles | |
The Nature of Interest | |
Future Value of a Single Amount | |
Future Value of an Annuity | |
Present Value Variables | |
Present Value of a Single Amount | |
Present Value of an Annunity | |
Time Periods and Discounting | |
Computing the Present Value of a Long-Term Note or Bond | |
Present Value of a Single Sum | |
Present Value of an Annuity | |
Useful Applications of the Financial Calculator | |
Payroll Defined | |
Internal Control of Payroll | |
Determining the Payroll | |
Recording the Payroll | |
Employer Payroll Taxes | |
Filing and Remitting Payroll Taxes | |
Nature and Purpose of Subsidiary Ledgers | |
Sales Journal | |
Cash Receipts Journal | |
Purchases Journal | |
Cash Payments Journal | |
Effects of Special Journals on the General Journal | |
Contingent Liabilities | |
Lease Liabilities | |
Additional Liabilities for Employee Fringe Benefits | |
IFRS 1 | |
Photo Credits | |
Company Index | |
Subject Index | |
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