Accounting Handbook

by Siegel, Joel G.; Shim, Jae K.

• ISBN13: 9780812064490
• ISBN10: 0812064496
• Format: Hardcover
• Copyright: 1995-08-01
• Publisher: B E S Pub Co

Summary

Reflecting current tax laws, this comprehensive reference volume covers financial and cost accounting, business and individual tax preparation, computer applications of accounting, quantitative accounting methods, auditing, personal financial planning, and governmental and nonprofit accounting. Includes 500-page dictionary that defines 2,500 accounting terms, charts, graphs, and tables.

Author Biography

Joel G. Siegel, Ph.D., CPA, is Professor of Accounting at Queens College of the City of New York Jae K. Shim, Ph.D., is Professor of Accounting, School of Business Administration, California State University, Long Beach

Table of Contents

Preface	p. vi
Financial Accounting: The Financial Statements	p. 1
Income Statement Reporting	p. 1
Balance Sheet	p. 14
Statement of Cash Flows	p. 33
Financial Accounting: Financial Reporting Requirements	p. 43
Interim Reporting	p. 43
Accounting Changes	p. 45
Prior Period Adjustments	p. 48
Disclosure of Accounting Policies	p. 49
Segmental Reporting	p. 49
Imputing Interest on Notes	p. 50
Business Combinations	p. 52
Investments in Securities	p. 54
Leases	p. 60
Pension Plans	p. 66
Postretirement Benefits Other than Pensions	p. 69
Income Tax Accounting	p. 70
Foreign Currency Translation and Transactions	p. 74
Financial Instruments	p. 77
Management/Cost Accounting I	p. 80
Introduction: The Role of Management Accounting	p. 80
Cost Accounting vs. Management Accounting	p. 81
Cost Concepts, Terms, and Classifications	p. 87
Cost-Accumulation Systems	p. 91
Costing Joint Products and By-products	p. 103
Allocation of Service Department Costs to Production Departments	p. 104
Activity-Based Costing	p. 107
Activity-Based Management	p. 111
Just-in-Time (JIT) and Total Quality Management (TQM)	p. 118
Cost Behavior Analysis--Analysis of Mixed Costs	p. 123
Cost-Volume-Profit (CVP) and Break-Even Analysis	p. 134
Absorption Versus Direct Costing	p. 141
Budgeting for Profit Planning	p. 145
A Shortcut Approach to Formulating the Budget	p. 156
Management/Cost Accounting II	p. 158
Responsibility Accounting: Introduction	p. 158
Standard Costs and Variance Analysis for Cost Centers	p. 159
Segmental Reporting for Profit Centers	p. 183
Responsibility Accounting for Investment Centers	p. 193
Transfer Pricing	p. 199
Short-Term and Nonroutine Decisions	p. 204
Capital-Budgeting Decisions	p. 214
How Does MACRS Affect Investment Decisions?	p. 223
Financial Statement Analysis	p. 229
Importance	p. 229
Horizontal Analysis	p. 230
Ratio Analysis	p. 234
Summary and Limitations of Ratio Analysis	p. 251
Individual Income Taxation: Preparation and Planning	p. 261
How to Postpone Taxes	p. 261
Sources of Tax-Exempt Income	p. 262
How to Delay Paying Tax on Interest	p. 264
Gains or Losses on Securities Transactions	p. 265
Tax Strategies When Children Are Involved	p. 266
Itemized Deductions	p. 267
Self-Employment	p. 272
Personal Exemptions	p. 272
Standard Deduction	p. 273
Tax Implications of Pension Plans	p. 274
Real Estate Transactions	p. 275
Gifts	p. 277
Determination of Tax	p. 277
Estate Planning	p. 279
Advantages of Having a Trust	p. 281
Alternative Minimum Tax	p. 282
Dictionary of Accounting Terms	p. 284
Microcomputer Applications in Accounting	p. 774
Accounting Packages	p. 774
Activity-Based Costing (ABC) Software	p. 777
Spreadsheets (Electronic Worksheets)	p. 782
Auditing Tasks	p. 786
Spreadsheet-Program-Assisted Auditing	p. 789
Tax Preparation and Planning	p. 791
Using Data-Base Management Systems (DBMS)	p. 792
Decision-Support Systems (DSS)	p. 794
The Applications of Expert Systems to Accounting	p. 796
Local Area Networks	p. 801
Quantitative Methods for Accounting	p. 803
Decision-Making	p. 803
Linear Programming and Shadow Pricing	p. 808
Learning Curve	p. 814
Inventory Planning	p. 815
Program Evaluation and Review Technique (PERT)	p. 822
Auditing	p. 828
Audit Reports	p. 828
Compilation of Financial Statements	p. 837
Review of Financial Statements	p. 838
Reports on Prospective Financial Statements	p. 840
Internal Auditing	p. 847
Personal Financial Planning	p. 850
Objectives of Personal Financial Planning	p. 850
Governmental and Nonprofit Accounting	p. 884
Characteristics of Nonbusiness Organizations	p. 884
Governmental Accounting	p. 886
Nonprofit Organizations and Financial Reporting	p. 899
International Accounting	p. 915
Introduction: Accounting Dimensions of International Business	p. 916
Foreign Currency Exchange Rates	p. 917
OECD Countries	p. 926
Third World (Developing) Countries	p. 930
East Bloc (Planned Economy) Countries	p. 933
Problems Created for the Multinational Enterprise (MNE)	p. 935
The Feasibility of Complete Standardization	p. 936
Harmonization of Standards	p. 937
Appendices	p. 940
Financial Reporting Differences Among the United States, Canada, and Mexico	p. 940
Appendix B
Accounting Cycle-Journal Entries	p. 949
Job Order Costing Entries	p. 968
Process Costing Entries	p. 972
Index	p. 976
Table of Contents provided by Syndetics. All Rights Reserved.