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Purchase Benefits
What is included with this book?
Preface | p. ix |
Basic Financial Accounting Concepts | p. 1 |
Learning Objectives | p. 1 |
Accounting as the Language of Business | p. 2 |
Objectives of Financial Reporting | p. 4 |
Basic Accounting Concepts | p. 5 |
The Basic Financial Statements | p. 8 |
Using Financial Statement Information | p. 17 |
Review Questions | p. 18 |
Practice Multiple Choice Questions | p. 21 |
The Accounting Cycle | p. 24 |
Learning Objectives | p. 24 |
Transaction Analysis | p. 26 |
The Accounting Cycle | p. 29 |
Summary of the Seven Types of Accounts | p. 30 |
The Rules for Debits and Credits | p. 30 |
The Chart of Accounts | p. 32 |
Cash Basis versus Accrual Basis | p. 33 |
The Journal Entry | p. 33 |
Recording Journal Entries | p. 38 |
Posting to the Ledger | p. 40 |
The Trial Balance | p. 41 |
Adjusting Entries | p. 41 |
The Closing Process | p. 45 |
Balancing the Permanent Accounts | p. 47 |
Correcting Errors | p. 47 |
Preparing the Financial Statements | p. 48 |
Comprehensive Illustration | p. 49 |
Review Questions | p. 59 |
Practice Multiple Choice Questions | p. 61 |
Internal Controls, Cash, and Receivables | p. 64 |
Learning Objectives | p. 64 |
The Sarbanes-Oxley Act Requirements | p. 65 |
Sarbanes-Oxley and Internal Control | p. 66 |
Reporting Cash | p. 68 |
The Bank Reconciliation | p. 70 |
Accounts Receivable | p. 73 |
Notes Receivable | p. 77 |
Getting Cash for Receivables | p. 78 |
Summary of Journal Entries | p. 79 |
Review Questions | p. 80 |
Practice Multiple Choice Questions | p. 83 |
Inventory | p. 85 |
Learning Objectives | p. 85 |
Basic Inventory Issues | p. 86 |
Purchasing and Selling Inventory | p. 89 |
The Cost of Goods Sold Model | p. 91 |
The Periodic Method versus the Perpetual Method | p. 92 |
Taking Inventory and the Cost Flow Assumptions | p. 95 |
Lower of Cost or Market (LCM) | p. 102 |
Impact of Inventory Errors | p. 104 |
Review Questions | p. 107 |
Practice Multiple Choice Questions | p. 109 |
Noncurrent Assets and Depreciation | p. 113 |
Learning Objectives | p. 113 |
Noncurrent Assets | p. 114 |
Long-Term Investments | p. 114 |
Property, Plant, and Equipment | p. 116 |
Declining-Balance Method | p. 121 |
Depreciation Conventions | p. 123 |
Intangible Assets | p. 126 |
Impairment | p. 129 |
Accounting for Research and Development | p. 131 |
Summary of Journal Entries | p. 132 |
Review Questions | p. 133 |
Practice Multiple Choice Questions | p. 135 |
Current and Noncurrent Liablities | p. 139 |
Learning Objectives | p. 139 |
Liabilities | p. 140 |
Current Liabilities | p. 140 |
Long-Term Liabilities | p. 147 |
Summary of Journal Entries | p. 154 |
Review Questions | p. 155 |
Practice Multiple Choice Questions | p. 158 |
Stockholders' Equity | p. 160 |
Learning Objectives | p. 160 |
Stockholders' Equity | p. 162 |
Summary of Journal Entries | p. 173 |
Review Questions | p. 174 |
Practice Multiple Choice Questions | p. 176 |
The Statement of Cash Flows | p. 178 |
Learning Objectives | p. 178 |
Objectives of the Statement of Cash Flows | p. 179 |
Format of the Statement of Cash Flows | p. 180 |
A Step-by-Step Approach to Solving Statement of Cash Flows Problems | p. 182 |
Review Questions | p. 202 |
Practice Multiple Choice Questions | p. 203 |
Review of Financial Statements and Financial Statement Analysis | p. 205 |
Learning Objectives | p. 205 |
Horizontal and Vertical Analysis | p. 206 |
DuPont Method | p. 207 |
Financial Ratio Analysis | p. 208 |
Review Questions | p. 217 |
Practice Multiple Choice Questions | p. 218 |
Basic College Skills | p. 221 |
Learning Objectives | p. 221 |
College Skills | p. 222 |
The Time Value of Money | p. 239 |
Learning Objectives | p. 239 |
Introduction | p. 239 |
Basic Concepts | p. 239 |
Making Present Value and Future Value Calculations: A Summary | p. 245 |
Practice Multiple Choice Questions | p. 260 |
Gross Profit Inventory Computation | p. 262 |
The Gross Profit Method | p. 262 |
Advanced Topics for Chapter Five: Capitalization of Interest and Nonmonetary Exchanges | p. 266 |
Capitalization of Interest on Self-Constructed Assets | p. 266 |
Nonmonetary Exchanges | p. 268 |
The Cpa and the Auditor's Report | p. 272 |
Introduction | p. 272 |
Generally Accepted Auditing Standards | p. 273 |
Glossary | p. 277 |
Index | p. 299 |
Table of Contents provided by Ingram. All Rights Reserved. |
The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.