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Understanding financial accounting as the language of business. Once readers see that accounting is the language of business, they are on their way to academic and professional success. Financial Accountingtranslates the essentials of accounting to readers so they understand why and when financially sound decisions are made in business today.
Table of Contents
Chapter 1: Business, Accounting, and You Chapter 2: Analyzing and Recording Business Transactions Chapter 3: Adjusting and Closing Entries Chapter 4: Accounting for a Merchandising Business Chapter 5: Inventory Chapter 6: Ethics, Internal Control, and IFRS Chapter 7: Cash and Receivables Chapter 8: Long-Term and Other Assets Chapter 9: Current Liabilities and Long-Term Debt Chapter 10: Corporations: Paid-In Capital and Retained Earnings Chapter 11: The Statement of Cash Flows Chapter 12: Financial Statement Analysis Appendix A: Columbia Sportswear Company® 2008 Annual Report to Shareholders Appendix B: Time Value of Money–Future and Present Value Concepts