College Accounting, Chapters 1-27

by Heintz, James A.; Parry, Robert W.

• ISBN13: 9780538745192
• ISBN10: 0538745193
• Edition: 20th
• Format: Hardcover
• Copyright: 2010-02-09
• Publisher: South-Western College Pub

Summary

This book presents concepts simply, while ensuring the best, most accurate coverage. College Accounting is designed to make accounting understandable to virtually everyone without sacrificing substance and technical correctness. A step-by-step, straightforward approach helps readers build practical accounting skills that are needed when entering the world of work. The book presents simple topics first and gradually builds to more advanced topics, so learners are not overwhelmed. The narrative approach covers a simpler example of a service business before moving to merchandising businesses, and finally, manufacturing environments.

Table of Contents

Accounting For a Service Business

Introduction to Accounting

Analyzing Transactions: The Accounting Equation

The Double-Entry Framework

Journalizing and Posting Transactions

Adjusting Entries and the Work Sheet

Appendix: Depreciation Methods

Financial Statements and the Closing Process

Appendix: Statement of Cash Flows

The Accounting Cycle

Accounting For Cash and Payroll

Accounting for Cash

Appendix: Internal Controls

Payroll Accounting: Employee Earnings and Deductions

Payroll Accounting: Employer Taxes and Reports

Accounting For a Merchandising Business

Accounting for Sales and Cash Receipts

Accounting for Purchases and Cash Payments

Appendix: The Net-Price Method of Recording Purchases

Special Journals

Accounting for Merchandise Inventory

Appendix: Perpetual Inventory Method: LIFO and Moving-Average Methods

Adjustments and the Work Sheet for a Merchandising Business

Appendix: Expense Method of Accounting for Prepaid Expenses

Financial Statements and Year-End Accounting for a Merchandising Business Comprehensive

Accounting Cycle with Subsidiary Ledgers, Part 1 Comprehensive

Accounting Cycle with Subsidiary Ledgers, Part 2

Specialized Accounting Procedures For Merchandising Businesses And Part nerships

Accounting for Accounts Receivable

Accounting for Notes and Interest

Accounting for Long-Term Assets

Accounting for Part nerships

Specialized Accounting Procedures

Accounting for Corporations and Manufacturing Businesses

Corporations: Organization and Capital Stock

Corporations: Taxes, Earnings, Distributions, and the Retained Earnings Statement

Corporations: Bonds

Appendix: Effective Interest Method

Statements of Cash Flows

Appendix: Statement of Cash Flows: The Direct Method

Analysis of Financial Statements

Departmental Accounting

Manufacturing Accounting: The Job Order Cost System

Manufacturing Accounting: The Work Sheet and Financial Statements

Module: Accounting for a Professional Service Business: The Combination Journal

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