Financial Accounting
Publisher: Flat World Knowledge
Published: 2010
Place of publication: USA
Language: eng
Format: Open textbook
Number of pages: 627
ISBN-13: 9780982361832
Table of contents: title: About the Authors; title: Acknowledgments; title: Preface; title: Chapter 1 Why Is Financial Accounting Important?; title: 1 Making Good Financial Decisions about an Organization; title: 2 Incorporation and the Trading of Capital Shares; title: 3 Using Financial Accounting for Wise Decision Making; title: 4 End-of-Chapter Exercises; title: Chapter 2 What Should Decision-makers Know so That Good Decisions Can Be Made about an Organization?; title: 1 Creating a Portrait of an Organization That Can Be Used by Decision Makers; title: 2 Dealing with Uncertainty; title: 3 The Need for Generally Accepted Accounting Principles; title: 4 Four Basic Terms Found in Financial Accounting; title: 5 End-of-Chapter Exercises; title: Chapter 3 In What Form Is Financial Information Actually Delivered to Decision Makers Such as Investors and Creditors?; title: 1 The Construction of an Income Statement; title: 2 Reported Profitability and the Principle of Conservatism; title: 3 Increasing the Net Assets of a Company; title: 4 Reporting a Balance Sheet and a Statement of Cash Flows; title: 5 End-of-Chapter Exercises; title: Chapter 4 How Does an Organization Accumulate and Organize the Information Necessary to Prepare Financial Statements?; title: 1 The Essential Role of Transaction Analysis; title: 2 The Effects Caused by Common Transactions; title: 3 An Introduction to Double-Entry Bookkeeping; title: 4 Preparing Journal Entries; title: 5 The Connection of the Journal and the Ledger; title: 6 End-of-Chapter Exercises; title: Chapter 5 Why Must Financial Information Be Adjusted Prior to the Production of Financial Statements?; title: 1 The Need for Adjusting Entries; title: 2 Preparing Various Adjusting Entries; title: 3 Preparing Financial Statements Based on Adjusted Balances; title: 4 Chapter Appendix; title: 5 End-of-Chapter Exercises; title: Chapter 6 Why Should Decision Makers Trust Financial Statements?; title: 1 The Need for the Securities and Exchange Commission; title: 2 The Role of the Independent Auditor in Financial Reporting; title: 3 Performing an Audit; title: 4 The Need for Internal Control; title: 5 The Purpose and Content of an Independent Auditor’s Report; title: 6 End-of-Chapter Exercises; title: Chapter 7 In a Set of Financial Statements, What Information Is Conveyed about Receivables?; title: 1 Accounts Receivable and Net Realizable Value; title: 2 Accounting for Uncollectible Accounts; title: 3 The Problem with Estimations; title: 4 Estimating the Amount of Uncollectible Accounts; title: 5 Remeasuring Foreign Currency Balances; title: 6 A Company’s Vital Signs—Accounts Receivable; title: 7 End-of-Chapter Exercises; title: Chapter 8 How Does a Company Gather Information about Its Inventory?; title: 1 Determining and Reporting the Cost of Inventory; title: 2 Perpetual and Periodic Inventory Systems; title: 3 The Calculation of Cost of Goods Sold; title: 4 Reporting Inventory at the Lower-of-Cost-or-Market; title: 5 Determining Inventory on Hand; title: 6 End-of-Chapter Exercises; title: Chapter 9 Why Does a Company Need a Cost Flow Assumption in Reporting Inventory?; title: 1 The Necessity of Adopting a Cost Flow Assumption; title: 2 The Selection of a Cost Flow Assumption for Reporting Purposes; title: 3 Problems with Applying LIFO; title: 4 Merging Periodic and Perpetual Inventory Systems with a Cost Flow Assumption; title: 5 Applying LIFO and Averaging to Determine Reported Inventory Balances; title: 6 Analyzing Reported Inventory Figures; title: 7 End-of-Chapter Exercises; title: Chapter 10 In a Set of Financial Statements, What Information Is Conveyed about Property and Equipment?; title: 1 The Reporting of Property and Equipment; title: 2 Determining Historical Cost and Depreciation Expense; title: 3 Recording Depreciation Expense for a Partial Year; title: 4 Alternative Depreciation Patterns and the Recording of a Wasting Asset; title: 5 Recording Asset Exchanges and Expenditures That Affect Older Assets; title: 6 Reporting Land Improvements and Impairments in the Value of Property and Equipment; title: 7 End-of-Chapter Exercises; title: Chapter 11 In a Set of Financial Statements, What Information Is Conveyed about Intangible Assets?; title: 1 Identifying and Accounting for Intangible Assets; title: 2 The Balance Sheet Reporting of Intangible Assets; title: 3 Recognizing Intangible Assets Owned by a Subsidiary; title: 4 Accounting for Research and Development; title: 5 Acquiring an Asset with Future Cash Payments; title: 6 End-of-Chapter Exercises; title: Chapter 12 In a Set of Financial Statements, What Information Is Conveyed about Equity Investments?; title: 1 Accounting for Investments in Trading Securities; title: 2 Accounting for Investments in Securities That Are Available for Sale; title: 3 Accounting for Investments by Means of the Equity Method; title: 4 The Reporting of Consolidated Financial Statements; title: 5 End-of-Chapter Exercises; title: Chapter 13 In a Set of Financial Statements, What Information Is Conveyed about Current and Contingent Liabilities?; title: 1 Basic Reporting of Liabilities; title: 2 Reporting Current Liabilities Such as Gift Cards; title: 3 Accounting for Contingencies; title: 4 Accounting for Product Warranties; title: 5 End-of-Chapter Exercises; title: Chapter 14 In a Set of Financial Statements, What Information Is Conveyed about Noncurrent Liabilities Such as Bonds?; title: 1 Debt Financing; title: 2 The Issuance of Notes and Bonds; title: 3 Accounting for Zero-Coupon Bonds; title: 4 Pricing and Reporting Term Bonds; title: 5 Issuing and Accounting for Serial Bonds; title: 6 Bonds with Other Than Annual Interest Payments; title: 7 End-of-Chapter Exercises; title: Chapter 15 In Financial Statements, What Information Is Conveyed about Other Noncurrent Liabilities?; title: 1 Accounting for Leases; title: 2 Operating Leases versus Capital Leases; title: 3 Recognition of Deferred Income Taxes; title: 4 Reporting Postretirement Benefits; title: 5 End-of-Chapter Exercises; title: Chapter 16 In a Set of Financial Statements, What Information Is Conveyed about Shareholders’ Equity?; title: 1 Selecting a Legal Form for a Business; title: 2 The Issuance of Common Stock; title: 3 Issuing and Accounting for Preferred Stock and Treasury Stock; title: 4 The Issuance of Cash and Stock Dividends; title: 5 The Computation of Earnings per Share; title: 6 End-of-Chapter Exercises; title: Chapter 17 In a Set of Financial Statements, What Information Is Conveyed by the Statement of Cash Flows?; title: 1 The Structure of a Statement of Cash Flows; title: 2 Cash Flows from Operating Activities The Direct Method; title: 3 Cash Flows from Operating Activities The Indirect Method; title: 4 Cash Flows from Investing and Financing Activities; title: 5 Appendix; title: 6 End-of-Chapter Exercises