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1 The Accounting Environment |
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14 | (16) |
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14 | (1) |
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15 | (2) |
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1.3 Employment opportunities in accounting |
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17 | (4) |
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1.4 Financial accounting versus managerial accounting |
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21 | (2) |
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1.5 Development of financial accounting standards |
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23 | (2) |
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1.6 Ethical behavior of accountants |
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25 | (1) |
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1.7 Critical thinking and communication skills |
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26 | (1) |
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27 | (1) |
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1.9 How to study the chapters in this text |
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27 | (3) |
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2 Accounting and its use in business decisions |
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30 | (47) |
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30 | (1) |
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2.2 A career as an entrepreneur |
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30 | (1) |
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2.3 Forms of business organizations |
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31 | (2) |
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2.4 Types of activities performed by business organizations |
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33 | (1) |
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2.5 Financial statements of business organizations |
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34 | (5) |
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2.6 The financial accounting process |
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39 | (1) |
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2.7 Underlying assumptions or concepts |
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40 | (1) |
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2.8 Transactions affecting only the balance sheet |
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41 | (4) |
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2.9 Transactions affecting the income statement and/or balance sheet |
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45 | (3) |
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2.10 Summary of balance sheet and income statement transactions |
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48 | (1) |
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2.11 Dividends paid to owners (stockholders) |
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49 | (3) |
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2.12 Analyzing and using the financial results---the equity ratio |
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52 | (1) |
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2.13 Understanding the learning objectives |
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53 | (1) |
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2.14 Appendix: A comparison of corporate accounting with accounting for a sole proprietorship and a partnership |
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54 | (1) |
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2.15 Demonstration problem |
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55 | (2) |
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2.16 Solution to demonstration problem |
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57 | (1) |
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58 | (2) |
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60 | (17) |
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3 Recording business transactions |
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77 | (67) |
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77 | (1) |
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3.2 Salary potential of accountants |
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77 | (2) |
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3.3 The account and rules of debit and credit |
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79 | (2) |
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3.4 Recording changes in assets, liabilities, and stockholders' equity |
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81 | (5) |
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86 | (1) |
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87 | (3) |
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90 | (1) |
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3.8 The accounting process in operation |
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91 | (14) |
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3.9 The use of ledger accounts |
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105 | (10) |
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3.10 Analyzing and using the financial results--- Horizontal and vertical analyses |
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115 | (8) |
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123 | (1) |
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124 | (20) |
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4 Adjustments for financial reporting |
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144 | (46) |
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144 | (1) |
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4.2 A career as a tax specialist |
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144 | (1) |
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4.3 Cash versus accrual basis accounting |
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145 | (2) |
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4.4 The need for adjusting entries |
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147 | (2) |
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4.5 Classes and types of adjusting entries |
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149 | (2) |
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4.6 Adjustments for deferred items |
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151 | (11) |
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4.7 Adjustments for accrued items |
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162 | (4) |
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4.8 Effects of failing to prepare adjusting entries |
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166 | (1) |
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4.9 Analyzing and using the financial results---trend percentages |
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166 | (1) |
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4.10 Understanding the learning objectives |
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167 | (23) |
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5 Completing the accounting cycle |
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190 | (64) |
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190 | (1) |
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5.2 A career in information systems |
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190 | (1) |
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5.3 The accounting cycle summarized |
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191 | (1) |
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191 | (8) |
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5.5 Preparing financial statements from the work sheet |
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199 | (1) |
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5.6 Journalizing adjusting entries |
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200 | (1) |
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201 | (9) |
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5.8 Accounting systems: From manual to computerized |
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210 | (6) |
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5.9 A classified balance sheet |
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216 | (7) |
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5.10 Analyzing and using the financial results --- the current ratio |
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223 | (1) |
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5.11 Understanding the learning objectives |
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224 | (30) |
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254 | (49) |
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254 | (1) |
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6.2 A career as an accounting professor |
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254 | (1) |
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6.3 Traditional accounting theory |
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255 | (1) |
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6.4 Underlying assumptions or concepts |
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256 | (2) |
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258 | (1) |
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6.6 The measurement process in accounting |
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259 | (1) |
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260 | (8) |
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6.8 Modifying conventions (or constraints) |
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268 | (2) |
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6.9 The financial accounting standards board's conceptual framework project |
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270 | (1) |
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6.10 Objectives of financial reporting |
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271 | (2) |
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6.11 Qualitative characteristics |
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273 | (4) |
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6.12 The basic elements of financial statements |
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277 | (2) |
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6.13 Recognition and measurement in financial statements |
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279 | (1) |
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6.14 Summary of significant accounting policies |
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279 | (1) |
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6.15 Significant accounting policies |
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280 | (3) |
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6.16 Understanding the learning objectives |
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283 | (20) |
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7 Introduction to inventories and the classified income statement |
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303 | (56) |
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303 | (1) |
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303 | (2) |
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7.3 Two income statements compared--- Service company and merchandising company |
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305 | (1) |
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305 | (8) |
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313 | (11) |
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7.6 Classified income statement |
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324 | (5) |
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7.7 Analyzing and using the financial results---Gross margin percentage |
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329 | (1) |
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7.8 Understanding the learning objectives |
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329 | (2) |
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7.9 Appendix: The work sheet for a merchandising company |
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331 | (7) |
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338 | (2) |
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340 | (19) |
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8 Measuring and reporting inventories |
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359 | (68) |
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359 | (1) |
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8.2 Choosing an accounting career |
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359 | (1) |
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8.3 Inventories and cost of goods sold |
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360 | (1) |
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8.4 Importance of proper inventory valuation |
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361 | (2) |
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8.5 Determining inventory cost |
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363 | (24) |
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8.6 Departures from cost basis of inventory measurement |
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387 | (8) |
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8.7 Analyzing and using financial results---inventory turnover ratio |
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395 | (1) |
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8.8 Understanding the learning objectives |
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395 | (32) |
| Alphabetical Index |
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427 | |
