Fundamentals of Financial Accounting with Annual Report

by Phillips, Fred; Libby, Robert; Libby, Patricia

• ISBN13: 9780077344931
• ISBN10: 0077344936
• Edition: 3rd
• Format: Hardcover
• Copyright: 2010-01-11
• Publisher: McGraw-Hill/Irwin

Summary

Fundamentals of Financial Accounting, presents an engaging, balanced, and appropriately paced analysis of the fundamentals of financial accounting. Its conversational writing style makes it easy to read and understand, while the selection of real focus companies reinforces the relevance of accounting by introducing students to accounting and business activities in the context of their favorite companies. Balance between preparer and user orientations is achieved throughout the book, by studying both the accounting activities that take place inside the company, as well as evaluating their impact on decisions, and users outside the company. Topic coverage is paced appropriately for students new to accounting, and is thoroughly reinforced every step of the way with an ample variety of innovative pedagogical tools. Clearly understandable, relevant, and accessible,Fundamentals of Financial Accountingis simply the most student-friendly financial book on the market and provides the tools for students to grasp financial accounting from the ground up.

Table of Contents

Business Decisions and Financial Accounting

Reporting Investing and Financing Results on the Balance Sheet

Reporting Operating Results on the Income Statement

Adjustments, Financial Statements, and Financial Results

Financial Reporting and Analysis

Internal Control and Financial Reporting for Cash and Merchandise Sales

Reporting and Interpreting Inventories and Cost of Goods Sold

Reporting and Interpreting Receivables, Bad Debt Expense, and Interest Revenue

Reporting and Interpreting Long-Lived Tangible and Intangible Assets

Reporting and Interpreting Liabilities

Reporting and Interpreting Stockholders’ Equity

Reporting and Interpreting the Statement of Cash Flows

Measuring and Evaluating Financial Performance

Excerpts from the Fiscal 2008 Annual Report of The Home Depot, Inc

Excerpts from the Fiscal 2008 Annual Report of Lowe’s Companies, Inc

Present and Future Value Concepts

Reporting and Interpreting Investments in Other Corporations

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