Financial Accounting The Impact on Decision Makers, An Alternative to Debits and Credits

by Porter, Gary A.; Norton, Curtis L.

• ISBN13: 9780030335631
• ISBN10: 0030335639
• Format: Paperback
• Copyright: 2001-05-04
• Publisher: South-Western College Pub

Summary

The Fourth Edition of Financial Accounting teaches accounting from both the preparer and user perspective. To lead students to a full understanding of the impact of financial statements on business decision-making, the authors use the financial statements from Winnebago Industries throughout the chapter and end of chapter material. Porter/Norton is unique in that it also uses a competiting company to Winnebago, Monaco Coach, to do comparative financial analysis; this is reflected throughout the text and in end of chapter problems.

Table of Contents

Getting Started in Business
Part I The Accounting Model	2	(190)
Accounting as a Form of Communication	4	(40)
Financial Statements and the Annual Report	44	(48)
Processing Accounting Information	92	(46)
Income Measurement and Accrual Accounting	138	(54)
Part II Accounting for Assets	192	(202)
Merchandise Accounting and Internal Control	194	(48)
Accounting Tools: Internal Control for a merchandising Company	217	(25)
Inventories and Cost of Goods Sold	242	(50)
Accounting Tools: Inventory Costing Methods with the Use of a Perpetual Inventory System	270	(22)
Cash, Investments, and Receivables	292	(56)
Operating Assets: Property, Plant, and Equipment, Natural Resources, and Intangibles	348	(46)
Part III Accounting for Liabilities and Owners' Equity	394	(154)
Current Liabilities, Contingent Liabilities, and the Time Value of Money	396	(54)
Accounting Tools: Payroll Accounting	422	(28)
Long-Term Liabilities	450	(48)
Accounting Tools: Other Liabilities	475	(23)
Stockholders' Equity	498	(50)
Part IV Additional Topics in Financial Reporting	548
The Statement of Cash Flows	550	(64)
Accounting Tools: A Work-Sheet Approach to the Statement of Cash Flows	584	(30)
Financial Statement Analysis	614
Index of ``From Concept to Practice'' Assignments	1	(1)
Glossary	1	(1)
Company Index	1	(2)
Subject Index	3