Corporate Financial Accounting

Description

Cover Preface Acknowledgements About the Authors Brief Contents Contents Chapter 1: Introduction to Accounting and Business Nature of Business and Accounting Generally Accepted Accounting Principles (GAAP) The Accounting Equation Business Transactions and the Accounting Equation Financial Statements Analysis for Decision Making Make a Decision Take It Further Pathways Challenge Chapter 2: Analyzing Transactions Using Accounts to Record Transactions Double-Entry Accounting System Posting Journal Entries to Accounts Trial Balance Analysis for Decision Making Make a Decision Take It Further Pathways Challenge Chapter 3: The Adjusting Process Nature of the Adjusting Process Adjusting Entries for Accruals Adjusting Entries for Deferrals Adjusting Entries for Depreciation Summary of Adjusting Process Adjusted Trial Balance Analysis for Decision Making Make a Decision Take It Further Pathways Challenge Chapter 4: The Accounting Cycle Flow of Accounting Information Financial Statements Closing Entries Accounting Cycle Illustration of the Accounting Cycle Analysis for Decision Making Appendix 1 End-of-Period Spreadsheet Appendix 2 Reversing Entries Make a Decision Take It Further Pathways Challenge Chapter 5: Accounting for Retail Businesses Nature of Retail Businesses Merchandise Transactions The Adjusting Process Financial Statements and Closing Entries for a Retail Business Analysis for Decision Making Appendix 1 Gross Method of Recording Sales Discounts Appendix 2 The Periodic Inventory System Make a Decision Take It Further Pathways Challenge Chapter 6: Inventories Control of Inventory Inventory Cost Flow Assumptions Inventory Costing Methods under a Perpetual Inventory System Inventory Costing Methods under a Periodic Inventory System Comparing Inventory Costing Methods Reporting Inventory in the Financial Statements Analysis for Decision Making Appendix Estimating Inventory Cost Make a Decision Take It Further Pathways Challenge Chapter 7: Internal Control and Cash Sarbanes-Oxley Act Internal Control Cash Controls over Receipts and Payments Bank Accounts Bank Reconciliation Special-Purpose Cash Funds Financial Statement Reporting of Cash Analysis for Decision Making Make a Decision Take It Further Pathways Challenge Chapter 8: Receivables Classification of Receivables Uncollectible Receivables Direct Write-Off Method for Uncollectible Accounts Allowance Method for Uncollectible Accounts Comparing Direct Write-Off and Allowance Methods Notes Receivable Reporting Receivables on the Balance Sheet Analysis for Decision Making Make a Decision Take It Further Pathways Challenge Chapter 9: Long-Term Assets: Fixed and Intangible Nature of Fixed Assets Accounting for Depreciation Disposal of Fixed Assets Natural Resources Intangible Assets Financial Reporting for Long-Term Assets: Fixed and Intangible Analysis for Decision Making Appendix Exchanging Similar Fixed Assets Make a Decision Take It Further Pathways Challenge Chapter 10: Liabilities: Current, Installment Notes, and Contingencies Current Liabilities Payroll Liabilities Employees' Fringe Benefits Installment Notes Contingent Liabilities Reporting Liabilities Analysis for Decision Making Make a Decision Take It Further Pathways Challenge Chapter 11: Liabilities: Bonds Payable Nature of Bonds Payable Accounting for Bonds Payable Reporting Bonds Payable Analysis for Decision Making Appendix 1 Present Value Concepts and Pricing Bonds Payable Computing Present Values Appendix 2 Effective Interest Rate Method of Amortization Make a Decision Take It Further Pathways Challenge Chapter 12: Corporations: Organization, Stock Transactions, and Dividends Nature of a Corporation Paid-In Capital from Stock Accounting for Dividends Stock Splits Treasury Stock Transactions Reporting Stockholders' Equity Analysis for Decision Making Make a Decision Take It Further Pathways Challenge Chapter 13: Statement of Cash Flows Reporting Cash Flows Cash Flows from Operating Activities-The Indirect Method Cash Flows from Investing Activities Cash Flows from Financing Activities Analysis for Decision Making Appendix 1 Spreadsheet (Work Sheet) for Statement of Cash Flows-The Indirect Method Appendix 2 Preparing the Statement of Cash Flows-The Direct Method Make a Decision Take It Further Pathways Challenge Chapter 14: Financial Statement Analysis Analyzing and Interpreting Financial Statements Analytical Methods Analyzing Liquidity Analyzing Solvency Analyzing Profitability Corporate Annual Reports Appendix 1 Unusual Items on the Income Statement Appendix 2 Fair Value and Comprehensive Income Make a Decision Take It Further Pathways Challenge Appendix A: Interest Tables Appendix B: Revenue Recognition Appendix C: International Financial Reporting Standards (IFRS) Appendix D: Investments Appendix E: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2017 Selected Excerpts Glossary Index