Financial Accounting

by Albrecht, W. Steve; Stice, Earl K.; Stice, James D.

• ISBN13: 9780538746953
• ISBN10: 0538746955
• Edition: 11th
• Format: Hardcover
• Copyright: 2010-01-06
• Publisher: Cengage Learning

Summary

Every job requires you to prepare, use, respond to, or be evaluated by accounting data in some way. Understanding what accounting is, why it's important, and how to effectively use and prepare financial accounting data will give you a competitive edge in any organization. The focus of FINANCIAL ACCOUNTING, 11e is on developing the ability to critically analyze financial accounting information and make informed business decisions. Readers are exposed to a myriad of real-world examples from which they can see the effect that accounting information has on the decisions made by real companies. The text aslo makes a concerted effort to highlight the ethical considerations and global implications of financial accounting decisions in our world.

Table of Contents

Financial Reporting and the Accounting Cycle

Accounting Information: Users and Uses

Financial Statements: An Overview

The Accounting Cycle: the Mechanics of Accounting

Completing the Accounting Cycle

Internal Controls: Ensuring the Integrity of Financial Information

Operating Activities

Receivables: Selling a Product or Service

Inventory and the Cost of Sales

Completing the Operating Cycle

Investing and Financing Activities

Investments: Property, Plant, and Equipment and Intangible Assets

Financing: Long-Term Liabilities

Financing: Equity

Investments: Debt and Equity Securities

Other Dimensions of Financial Reporting

Statement of Cash Flows

Analyzing Financial Statements

Table of Contents provided by Publisher. All Rights Reserved.