Financial Accounting : A Business Process Approach

by Reimers, Jane L.

• ISBN13: 9780131473867
• ISBN10: 0131473867
• Edition: 2nd
• Format: Hardcover
• Copyright: 2008-01-01
• Publisher: Prentice Hall

Summary

Appropriate for accounting majors AND non-majors. Students are introduced to an entrepreneur who decides to create his own business (Tom's Wear). In subsequent chapters, students read thisrunning case exampleand learn financial accounting concepts through Tom's experiences as he grows and expands his business.This is the business process approach:Reimers 1) teaches students about the way a business works and 2) THEN showshow accounting fits into business processes.All of the traditional financial statements and the accounting equation are emphasized, but the focus is onhow accounting relates to business processes.Excel Application Problems, financial statements, internal controls, and business risks are integrated into every chapter. Chapter 4 on accounting procedures (debits and credits) may be included or omitted based upon instructor preference.

Table of Contents

Introduction To Business And Accounting

Business: What's It All About?

Qualities of Accounting Information

Accruals and Deferrals: Timing Is Everything in Accounting

Keeping the Books: The Mechanics of an Accounting System

Business Process And Accounting: The Business Cycle

Acquisitions: Purchases and Use of Business Assets

Acquisition/Payment: Inventories and Liabilities

The Sales and Collection Process

Special Acquisitions: Financing a Business with Debt

Special Acquisitions: Financing a Business with Equity

Other Financial Reporting Topics

Preparing a Statement of Cash Flows

Financial Statement Analysis

Pier 1 Imports Annual Report

Present and Future Value Tables

Check Figures for End-of-Chapter Problems

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