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9780131479722

Introduction To Financial Accounting

by ; ; ;
  • ISBN13:

    9780131479722

  • ISBN10:

    0131479725

  • Edition: 9th
  • Format: Hardcover
  • Copyright: 2011-01-01
  • Publisher: Pearson College Div
  • View Upgraded Edition
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List Price: $198.67

Summary

Introductory Financial Accounting, 9eprovides a unique and perfect blend of robust financial statement analysis with early statement of cash flows coverage. It is directed at those who will analyze real financial statements, and make business decisions based upon that analysis. Real statements are used throughout (Starbucks). Statement of Cash Flows comes earlier in this book than most.Material is focused on analysis of financial statements - ratios introduced early and often, special "Portfolio" section provides a "road map" to financial statement analysis, and special section in end-of-chapter problems focuses on analyzing financial statements (using Starbucks financial statements). Features strong coverage of statement of cash flows (Ch 5) --an essential financial statement, one of growing importance, and should be regarded as a basic statement.For financial accountants.

Table of Contents

Preface xv
Accounting: The Language of Business
2(44)
Chapter Opener: Starbucks
3(43)
The Nature of Accounting
5(3)
The Balance Sheet
8(2)
Balance Sheet Transactions
10(8)
Types of Ownership
18(3)
Accounting Differences Between Proprietorships, Partnerships, and Corporations
21(3)
Stockholders and the Board of Directors
24(1)
Credibility and the Role of Auditing
24(2)
The Accounting Profession
26(6)
Career Opportunities for Accountants
32(2)
Highlights to Remember
34(1)
Accounting Vocabulary
35(1)
Assignment Material
35(11)
Measuring Income to Assess Performance
46(44)
Chapter Opener: General Mills
47(43)
Introduction to Income Measurement
48(5)
Measuring Income
53(6)
The Income Statement
59(4)
Accounting for Dividends and Retained Earnings
63(5)
Some Basic Concepts
68(2)
Four Popular Financial Ratios
70(4)
Highlights to Remember
74(1)
Appendix 2: Cost-Benefit Criterion and Accounting Regulation
75(2)
Accounting Vocabulary
77(1)
Assignment Material
77(13)
Recording Transactions
90(48)
Chapter Opener: Gap Inc.
91(47)
The Double-Entry Accounting System
92(3)
Debits and Credits
95(1)
The Recording Process
96(4)
Analyzing, Journalizing, and Posting the Biwheels Transactions
100(8)
Biwheels' Transactions in the Journal and Ledger
108(1)
Preparing the Trial Balance
108(9)
Effects of Errors
117(2)
Incomplete Records
119(1)
Data Processing and Accounting Systems
120(2)
Highlights to Remember
122(1)
Accounting Vocabulary
123(1)
Assignment Material
123(15)
Accrual Accounting and Financial Statements
138(44)
Chapter Opener: Columbia Sportswear
139(43)
Adjustments to the Accounts
140(1)
Expiration of Unexpired Costs
141(1)
Earning of Revenues Received in Advance
142(2)
Accrual of Unrecorded Expenses
144(3)
Accrual of Unrecorded Revenues
147(2)
The Adjusting Process in Perspective
149(5)
Classified Balance Sheet
154(5)
Income Statement
159(3)
Profitability Evaluation Ratios
162(4)
Highlights to Remember
166(1)
Accounting Vocabulary
166(1)
Assignment Material
167(15)
Statement of Cash Flows
182(48)
Chapter Opener: Nike
183(47)
Overview of Statement of Cash Flows
185(1)
Preparing a Statement of Cash Flows
186(7)
Cash Flow from Operating Activities
193(8)
The Statement of Cash Flows and the Balance Sheet Equation
201(2)
Examples of Statements of Cash Flows
203(2)
The Importance of Cash Flow
205(6)
Highlights to Remember
211(1)
Accounting Vocabulary
212(1)
Assignment Material
212(18)
Accounting for Sales
230(48)
Oracle Corporation
231(47)
Recognition of Sales Revenue
232(1)
Measurement of Sales Revenue
233(6)
Cash
239(2)
Credit Sales and Accounts Receivable
241(1)
Measurement of Uncollectible Accounts
242(7)
Assessing the Level of Accounts Receivable
249(2)
Overview of Internal Control
251(5)
Highlights to Remember
256(1)
Appendix 6: Bank Reconciliations
257(3)
Accounting Vocabulary
260(1)
Assignment Material
260(18)
Inventories and Cost of Goods Sold
278(56)
Chapter Opener: Home Depot
279(55)
Gross Profit and Cost of Goods Sold
280(2)
Perpetual and Periodic Inventory Systems
282(2)
Cost of Merchandise Aquired
284(2)
Comparing Accounting Procedures for Periodic and Perpetual Inventory Systems
286(2)
Principal Inventory Valuation Methods
288(6)
Characteristics and Consequences of LIFO
294(4)
Lower-of-Cost-or-Market Method
298(2)
Effects of Inventory Errors
300(2)
Cutoff Errors and Inventory Valuation
302(1)
The Importance of Gross Profits
303(4)
Gross Profit Percentages and Accuracy of Records
307(2)
Internal Control of Inventories
309(2)
Highlights to Remember
311(1)
Appendix 7: Inventory In a Manufacturing Environment
312(2)
Accounting Vocabulary
314(1)
Assignment Material
314(20)
Long-Lived Assets and Depreciation
334(48)
Chapter Opener: Gap Inc.
335(47)
Overview of Long-Lived Assets
336(2)
Contrasting Long-Lived Asset Expenditures with Expenses
338(1)
Acquisition Cost of Tanglible Assets
339(2)
Depreciation of Buildings and Equipment
341(5)
Changes In Estimated Useful Life or Residual Value
346(1)
Contrasting Income Tax and Shareholder Reporting
347(1)
Depreciation and Cash Flow
347(3)
Expenditures After Acquisition
350(1)
Gains and Losses on Sales of Tangible Assets
351(4)
Impairment of Tangible Assets
355(2)
Intangible Assets
357(4)
Goodwill
361(1)
Depletion of Natural Resources
362(1)
Highlights to Remember
362(2)
Accounting Vocabulary
364(1)
Assignment Material
364(18)
Liabilities and Interest
382(58)
Chapter Opener: May Department Stores
383(57)
Liabilities In Perspective
384(1)
Accounting for Current Liabilities
385(5)
Long-Term Liabilities
390(6)
Bond Accounting
396(9)
Accounting for Leases
405(4)
Other Long-Term Liabilities, Including Pensions and Deferred Taxes
409(6)
Debt Ratios and Interest-Coverage Ratios
415(2)
Highlights to Remember
417(1)
Appendix 9: Compound Interest, Future Value, and Present Value
418(7)
Accounting Vocabulary
425(1)
Assignment Material
425(15)
Stockholders' Equity
440(48)
United Parcel Service
441(47)
Background on Stockholders' Equity
444(2)
Cash Dividends
446(1)
Preferred Stock
447(5)
Additional Stock Issuance
452(2)
Stock Splits and Stock Dividends
454(8)
Repurchase of Shares
462(4)
Other Issuances of Common Stock
466(2)
Retained Earnings Restrictions
468(1)
Other Components of Stockholders' Equity
469(1)
Financial Ratios Related to Stockholders' Equity
469(2)
Highlights to Remember
471(1)
Accounting Vocabulary
472(1)
Assignment Material
473(15)
Intercorporate Investments and Consolidations
488(46)
Chapter Opener: Ford Motor Company
489(45)
An Overview of Corporate Investments
492(2)
Short-Term Investments
494(4)
Long-Term Investments in Bonds
498(2)
The Market and Equity Methods for Intercorporate Investments
500(3)
Consolidated Financial Statements
503(9)
Purchase Price Not Equal to Book Value
512(7)
Summary of Accounting for Equity Securities
519(1)
Highlights to Remember
519(1)
Accounting Vocabulary
520(1)
Assignment Material
520(14)
Financial Statement Analysis
534
Chapter Opener: Eli Lilly
535
Sources of Information About Companies
537(1)
Objectives of Financial Statement Analysis
538(2)
Evaluating Trends and Components of the Business
540(11)
Financial Ratios
551(6)
Operating Performance and Financing Decisions
557(6)
Prominence of Earnings per Share
563(2)
Disclosure of Nonrecurring Items
565(4)
International Issues
569(1)
Valuation Issues
570(4)
Relating Cash Flow and Net Income
574(4)
Highlights to Remember
578(1)
Accounting Vocabulary
579(1)
Assignment Material
579
Appendix A 1(1)
Glossary 1(1)
Index 1(1)
Photo Credits 1

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