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Corporate Financial Accounting 16th edition [Kietas viršelis]

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(University of Georgia, Athens), (Auburn University)
  • Formatas: Hardback, 880 pages, aukštis x plotis x storis: 38x238x279 mm, weight: 1927 g
  • Išleidimo metai: 07-Jan-2021
  • Leidėjas: South-Western College Publishing
  • ISBN-10: 0357510380
  • ISBN-13: 9780357510384
Kitos knygos pagal šią temą:
Corporate Financial Accounting 16th editionDidesnis paveikslėlis
  • Formatas: Hardback, 880 pages, aukštis x plotis x storis: 38x238x279 mm, weight: 1927 g
  • Išleidimo metai: 07-Jan-2021
  • Leidėjas: South-Western College Publishing
  • ISBN-10: 0357510380
  • ISBN-13: 9780357510384
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9780357510384.html
Raktažodžiai:
Discover the importance of financial accounting in creating a successful business and prosperous society with Warren/Jones? CORPORATE FINANCIAL ACCOUNTING, 16E. This best-selling book clearly presents core financial accounting concepts within a meaningful business context, using engaging learning features that ensure a relevant, innovative learning experience. The authors demonstrate how accounting is more than just data or black-and-white rules. Updated content addresses the latest development and tools in corporate accounting today -- from using data analytics effectively to understanding the impact of discounts and sales in retail accounting. CengageNowv2 online resources work with practice opportunities to ensure you understand and can apply key accounting principles. Prepare for immediate success on exams and advancements in your business career as you learn how to apply the key information that accounting provides to make critical business decisions.
1 Introduction to Accounting and Business
2(56)
Nature of Business and Accounting
4(6)
Types of Businesses
4(1)
Business Activities
5(1)
Role of Accounting in Business
5(2)
Role of Ethics in Accounting and Business
7(1)
Opportunities for Accountants
8(2)
Generally Accepted Accounting Principles (GAAP)
10(4)
Characteristics of Financial Information
11(1)
Assumptions
12(2)
Principles
14(1)
The Accounting Equation
14(1)
Business Transactions and the Accounting Equation
15(6)
Summary
19(1)
Classifications of Stockholders' Equity
20(1)
Financial Statements
21(8)
Income Statement
23(1)
Statement of Stockholders' Equity
23(1)
Balance Sheet
24(1)
Statement of Cash Flows
25(1)
Interrelationships Among Financial Statements
26(3)
Analysis for Decision Making
29(25)
Ratio of Liabilities to Stockholders' Equity
29(25)
Continuing Problem
54(1)
Make a Decision
55(1)
Take It Further
56(1)
Pathways Challenge 13
57(1)
2 Analyzing Transactions
58(52)
Using Accounts to Record Transactions
61(3)
Chart of Accounts
62(2)
Double-Entry Accounting System
64(6)
Balance Sheet Accounts
64(1)
Income Statement Accounts
64(1)
Statement of Stockholders' Equity Accounts (Dividends)
65(1)
Normal Balances
65(1)
Journalizing
66(4)
Posting Journal Entries to Accounts
70(10)
Trial Balance
80(2)
Errors Affecting the Trial Balance
80(1)
Errors Not Affecting the Trial Balance
81(1)
Analysis for Decision Making
82(23)
Horizontal Analysis
82(23)
Continuing Problem
105(1)
Make a Decision
106(2)
Take It Further
108(1)
Pathways Challenge 77
109(1)
3 The Adjusting Process
110(50)
Nature of the Adjusting Process
113(3)
Accrual and Cash Bases of Accounting
113(1)
Revenue and Expense Recognition
114(1)
The Adjusting Process
114(1)
Types of Accounts Requiring Adjustment
115(1)
Adjusting Entries for Accruals
116(4)
Accrued Revenues
116(1)
Accrued Expenses
117(3)
Adjusting Entries for Deferrals
120(4)
Unearned Revenues
120(1)
Prepaid Expenses
121(3)
Adjusting Entries for Depreciation
124(2)
Summary of Adjusting Process
126(4)
Adjusted Trial Balance
130(2)
Analysis for Decision Making
132(22)
Vertical Analysis
132(22)
Continuing Problem
154(1)
Make a Decision
155(2)
Take It Further
157(2)
Pathways Challenge 131
159(1)
4 The Accounting Cycle
160(76)
Flow of Accounting Information
163(2)
Financial Statements
165(5)
Income Statement
165(1)
Statement of Stockholders' Equity
165(2)
Balance Sheet
167(1)
Statement of Cash Flows
168(2)
Closing Entries
170(7)
Journalizing and Posting Closing Entries
171(5)
Post-Closing Trial Balance
176(1)
Accounting Cycle
177(3)
Illustration of the Accounting Cycle
180(10)
Step 1 Analyzing and Recording Transactions in the Journal
180(1)
Step 2 Posting Transactions to the Ledger
181(1)
Step 3 Preparing an Unadjusted Trial Balance
181(1)
Step 4 Assembling and Analyzing Adjustment Data
181(2)
Step 5 Preparing an Optional End-of-Period Spreadsheet
183(1)
Step 6 Journalizing and Posting Adjusting Entries
184(1)
Step 7 Preparing an Adjusted Trial Balance
184(1)
Step 8 Preparing the Financial Statements
184(3)
Step 9 Journalizing and Posting Closing Entries
187(1)
Step 10 Preparing a Post-Closing Trial Balance
187(3)
Why Is the Accrual Basis of Accounting Required by GAAP?
190(2)
Analysis for Decision Making
192(2)
Working Capital and Current Ratio
192(2)
Appendix 1 End-of-Period Spreadsheet
194(5)
Step 1 Enter the Title
194(1)
Step 2 Enter the Unadjusted Trial Balance
194(1)
Step 3 Enter the Adjustments
195(1)
Step 4 Enter the Adjusted Trial Balance
196(1)
Step 5 Extend the Accounts to the Income Statement and Balance Sheet Columns
197(1)
Step 6 Total the Income Statement and Balance Sheet Columns, Compute the Net Income or Net Loss, and Complete the Spreadsheet
198(1)
Preparing the Financial Statements from the Spreadsheet
199(1)
Appendix 2 Statement of Cash Flows for NetSolutions
199(29)
Continuing Problem
228(1)
Comprehensive Problem 1
229(2)
Make a Decision
231(2)
Take It Further
233(2)
Pathways Challenge 177
235(1)
5 Accounting for Retail Businesses
236(72)
Nature of Retail Businesses
238(2)
Operating Cycle
238(1)
Financial Statements
239(1)
Merchandise Transactions
240(21)
Chart of Accounts for Retail Business
240(1)
Subsidiary Ledgers
241(1)
Purchases Transactions
241(5)
Sales Transactions
246(10)
Freight
256(2)
Summary: Recording Inventory Transactions
258(1)
Dual Nature of Merchandise Transactions
259(1)
Sales Taxes and Trade Discounts
259(2)
The Adjusting Process
261(3)
Inventory Shrinkage
261(1)
Customer Returns, Refunds, and Allowances
262(1)
Adjusted Trial Balance
263(1)
Financial Statements and Closing Entries for a Retail Business
264(5)
Multiple-Step Income Statement
264(2)
Single-Step Income Statement
266(1)
Statement of Stockholders' Equity
266(1)
Balance Sheet
267(1)
The Closing Process
268(1)
Analysis for Decision Making
269(1)
Asset Turnover Ratio
269(1)
Appendix 1 Sales Discounts
270(3)
Gross Method
270(2)
Net Method
272(1)
Comparison of Gross and Net Methods
273(1)
Appendix 2 The Periodic Inventory System
273(29)
Chart of Accounts Under the Periodic Inventory System
273(1)
Recording Merchandise Transactions Under the Periodic Inventory System
274(1)
Adjusting Process Under the Periodic Inventory System
275(1)
Financial Statements Under the Periodic Inventory System
276(1)
Closing Entries Under the Periodic Inventory System
276(26)
Comprehensive Problem 2
302(1)
Make a Decision
303(2)
Take It Further
305(2)
Pathways Challenge 246
307(1)
6 Inventories
308(52)
Control of Inventory
310(1)
Safeguarding Inventory
310(1)
Reporting Inventory
311(1)
Inventory Cost Flow Assumptions
311(2)
Inventory Costing Methods Under a Perpetual Inventory System
313(6)
First-In, First-Out Method
313(2)
Last-In, First-Out Method
315(2)
Weighted Average Cost Method
317(2)
Inventory Costing Methods Under a Periodic Inventory System
319(4)
First-In, First-Out Method
319(1)
Last-In, First-Out Method
319(1)
Weighted Average Cost Method
320(3)
Comparing Inventory Costing Methods
323(1)
Reporting Inventory in the Financial Statements
324(6)
Valuation at Lower of Cost or Market
324(2)
Inventory on the Balance Sheet
326(1)
Effects of Inventory Errors on the Financial Statements
327(3)
Analysis for Decision Making
330(2)
Inventory Turnover and Days' Sales in Inventory
330(2)
Appendix Estimating Inventory Cost
332(23)
Retail Method of Inventory Costing
332(1)
Gross Profit Method of Inventory Costing
333(22)
Make a Decision
355(1)
Take It Further
356(2)
Pathways Challenge 327
358(2)
7 Internal Control and Cash
360(48)
Sarbanes-Oxley Act
362(2)
Internal Control
364(6)
Objectives of Internal Control
364(1)
Elements of Internal Control
364(1)
Control Environment
365(1)
Risk Assessment
366(1)
Control Procedures
366(2)
Monitoring
368(1)
Information and Communication
368(1)
Limitations of Internal Control
369(1)
Cash Controls over Receipts and Payments
370(4)
Control of Cash Receipts
370(3)
Control of Cash Payments
373(1)
Bank Accounts
374(3)
Bank Statement
374(2)
Using the Bank Statement as a Control over Cash
376(1)
Bank Reconciliation
377(4)
Special-Purpose Cash Funds
381(1)
Financial Statement Reporting of Cash
382(1)
Analysis for Decision Making
383(20)
Days' Cash on Hand
383(20)
Make a Decision
403(1)
Take It Further
404(2)
Pathways Challenge
406(2)
8 Receivables
408(46)
Classification of Receivables
410(1)
Accounts Receivable
410(1)
Notes Receivable
410(1)
Other Receivables
411(1)
Uncollectible Receivables
411(1)
Direct Write-Off Method for Uncollectible Accounts
412(1)
Allowance Method for Uncollectible Accounts
413(9)
Write-Offs to the Allowance Account
413(2)
Estimating Uncollectibles
415(7)
Comparing Direct Write-Off and Allowance Methods
422(1)
Notes Receivable
423(4)
Characteristics of Notes Receivable
423(1)
Accounting for Notes Receivable
424(3)
Reporting Receivables on the Balance Sheet
427(1)
Analysis for Decision Making
428(22)
Accounts Receivable Turnover and Days' Sales in Receivables
428(22)
Make a Decision
450(2)
Take It Further
452(1)
Pathways Challenge
453(1)
9 Long-Term Assets: Fixed and Intangible
454(52)
Nature of Fixed Assets
456(4)
Classifying Costs
456(2)
The Cost of Fixed Assets
458(1)
Leasing Fixed Assets
459(1)
Accounting for Depreciation
460(13)
Factors in Computing Depreciation Expense
460(1)
Straight-Line Method
461(2)
Units-of-Activity Method
463(2)
Double-Declining-Balance Method
465(1)
Comparing Depreciation Methods
466(3)
Partial-Year Depreciation
469(1)
Revising Depreciation Estimates
470(1)
Repair and Improvements
471(2)
Disposal of Fixed Assets
473(2)
Discarding Fixed Assets
473(1)
Selling Fixed Assets
474(1)
Natural Resources
475(2)
Intangible Assets
477(3)
Patents
477(1)
Copyrights and Trademarks
478(1)
Goodwill
478(2)
Financial Reporting for Long-Term Assets: Fixed and Intangible
480(1)
Analysis for Decision Making
481(2)
Fixed Asset Turnover Ratio
481(2)
Appendix Exchanging Similar Fixed Assets
483(19)
Gain on Exchange
483(1)
Loss on Exchange
484(18)
Make a Decision
502(1)
Take It Further
503(2)
Pathways Challenge
505(1)
10 Liabilities: Current, Installment Notes, and Contingencies
506(50)
Current Liabilities
508(3)
Accounts Payable and Accruals
508(1)
Short-Term Notes Payable
509(2)
Current Portion of Long-Term Debt
511(1)
Payroll Liabilities
511(6)
Liability for Employee Earnings
512(1)
Deductions from Employee Earnings
512(1)
Computing Employee Net Pay
513(1)
Employer's Payroll Taxes
514(1)
Recording Payroll
515(2)
Paying Payroll
517(1)
Internal Controls for Payroll
517(1)
Employees' Fringe Benefits
517(3)
Vacation Pay
517(1)
Pensions
518(2)
Postretirement Benefits Other than Pensions
520(1)
Installment Notes
520(3)
Issuance
520(1)
Periodic Payments
520(3)
Contingent Liabilities
523(3)
Probable and Estimable
523(1)
Probable and Not Estimable
523(1)
Reasonably Possible
524(1)
Remote
524(2)
Reporting Liabilities
526(1)
Analysis for Decision Making
527(20)
Short-Term Liquidity Analysis
527(20)
Comprehensive Problem 3
547(2)
Make a Decision
549(3)
Take It Further
552(2)
Pathways Challenge
554(2)
11 Liabilities: Bonds Payable
556(40)
Nature of Bonds Payable
558(3)
Bond Characteristics and Terminology
558(1)
Proceeds from Issuing Bonds
559(2)
Accounting for Bonds Payable
561(8)
Bonds Issued at Face Amount
561(1)
Bonds Issued at a Discount
562(1)
Amortizing a Bond Discount
562(2)
Bonds Issued at a Premium
564(1)
Amortizing a Bond Premium
565(2)
Bond Redemption
567(2)
Reporting Bonds Payable
569(1)
Analysis for Decision Making
570(2)
Times Interest Earned
570(2)
Appendix 1 Present Value Concepts and Pricing Bonds Payable
572(4)
Present Value Concepts
572(3)
Pricing Bonds
575(1)
Computing Present Values
576(1)
Appendix 2 Effective Interest Rate Method of Amortization
576(17)
Amortization of Discount by the Interest Method
577(1)
Amortization of Premium by the Interest Method
578(15)
Make a Decision
593(1)
Take It Further
594(1)
Pathways Challenge
595(1)
12 Corporations: Organization, Stock Transactions, and Dividends
596(48)
Nature of a Corporation
598(3)
Characteristics of a Corporation
598(1)
Forming a Corporation
599(2)
Paid-in Capital from Stock
601(6)
Characteristics of Stock
601(1)
Types of Stock
602(2)
Issuing Stock
604(1)
Premium on Stock
605(1)
No-Par Stock
606(1)
Accounting for Dividends
607(4)
Cash Dividends
608(1)
Stock Dividends
609(2)
Stock Splits
611(1)
Treasury Stock Transactions
612(2)
Reporting Stockholders' Equity
614(5)
Stockholders' Equity on the Balance Sheet
614(1)
Reporting Retained Earnings
615(2)
Statement of Stockholders' Equity
617(1)
Reporting Stockholders' Equity for Alphabet
618(1)
Analysis for Decision Making
619(18)
Earnings per Share
619(18)
Comprehensive Problem 4
637(2)
Make a Decision
639(1)
Take It Further
640(3)
Pathways Challenge
643(1)
13 Statement of Cash Flows
644(60)
Reporting Cash Flows
646(5)
Cash Flows: Operating Activities
647(2)
Cash Flows: Investing Activities
649(1)
Cash Flows: Financing Activities
649(1)
Noncash Investing and Financing Activities
650(1)
Format of the Statement of Cash Flows
650(1)
No Cash Flow per Share
651(1)
Cash Flows: Operating Activities
651(6)
Net Income
653(1)
Adjustments to Net Income
653(4)
Cash Flows: Investing Activities
657(2)
Land
657(1)
Building and Accumulated Depreciation--Building
658(1)
Cash Flows: Financing Activities
659(2)
Bonds Payable
659(1)
Common Stock
659(1)
Dividends and Dividends Payable
660(1)
Preparing the Statement of Cash Flows
661(2)
Analysis for Decision Making
663(1)
Free Cash Flow
663(1)
Appendix 1 Spreadsheet (Work Sheet) for Statement of Cash Flows--The Indirect Method
664(3)
Analyzing Accounts
665(1)
Retained Earnings
666(1)
Other Accounts
666(1)
Preparing the Statement of Cash Flows
667(1)
Appendix 2 Preparing the Statement of Cash Flows--The Direct Method
667(31)
Cash Received from Customers
668(1)
Cash Payments for Merchandise
668(1)
Cash Payments for Operating Expenses
669(1)
Gain on Sale of Land
669(1)
Interest Expense
670(1)
Cash Payments for Income Taxes
670(1)
Reporting Cash Flows from (Used for) Operating Activities--Direct Method
670(28)
Make a Decision
698(3)
Take It Further
701(1)
Pathways Challenge 661
702(2)
14 Financial Statement Analysis
704(2)
Analyzing and Interpreting Financial Statements
706(1)
The Value of Financial Statement Information
706(1)
Techniques for Analyzing Financial Statements
707(1)
Analytical Methods
707(6)
Horizontal Analysis
707(2)
Vertical Analysis
709(2)
Common-Sized Statements
711(2)
Analyzing Liquidity
713(5)
Current Position Analysis
713(1)
Accounts Receivable Analysis
714(1)
Inventory Analysis
715(3)
Analyzing Solvency
718(2)
Ratio of Fixed Assets to Long-Term Liabilities
718(1)
Ratio of Liabilities to Stockholders' Equity
718(1)
Times Interest Earned
719(1)
Analyzing Profitability
720(9)
Asset Turnover
721(1)
Return on Total Assets
721(1)
Return on Stockholders' Equity
722(1)
Return on Common Stockholders' Equity
723(1)
Earnings per Share on Common Stock
724(1)
Price-Earnings Ratio
725(1)
Dividends per Share
726(1)
Dividend Yield
726(2)
Summary of Analytical Measures
728(1)
Corporate Annual Reports
729(28)
Management Discussion and Analysis
729(1)
Report on Internal Control
730(1)
Report on Fairness of the Financial Statements
730(27)
Make a Decision
757(1)
Take It Further
758(2)
Pathways Challenge 725
760
Appendix A Interest Tables
2
Appendix B Selected Topics
1(1)
Topic 1 Investments
Topic 2 Foreign Currency Transactions
Topic 3 Corporate Taxes
Topic 4 Reporting Unusual Items and Comprehensive Income
Topic 5 Revenue Recognition
Topic 6 International Accounting Standards
Appendix C Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2020 Selected Excerpts
1(1)
Appendix D Reversing Entries (online)
1(1)
Appendix E Special Journals and Subsidiary Ledgers (online)
1(1)
Glossary 1(1)
Index 1
Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren has taught all levels of accounting courses with a primary focus on introductory of accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and the University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warrens outside interests include handball, backpacking, skiing, hiking, fly-fishing and golf. He also spends as much time as possible with his five grandchildren, which includes two sets of twins. Dr. Warren and his wife Sharon reside in Montana. Dr. Jefferson P. Jones is an associate professor of accounting in the School of Accountancy at Auburn University, where he teaches financial accounting and applied financial research courses. He received his B.S. and Master of Accountancy degrees from Auburn University and his Ph.D. from Florida State University. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (12 times), the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times), the Auburn University Outstanding Distance Master of Accountancy Teaching Award (three times) and the Auburn University College of Business McCartney Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. Dr. Jones has public accounting experience as an auditor with Deloitte and Touche and holds a C.P.A. certificate in the state of Alabama (inactive). He is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA) and the Alabama Society of CPAs (ASCPA). His research interests focus on financial accounting, specifically investigating the quality of reported accounting information and accounting education. He has published articles in numerous journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting and The CPA Journal. When not at work, Dr. Jones enjoys playing golf and watching college football.