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Financial Accounting 9th edition [Kietas viršelis]

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  • Formatas: Hardback, 960 pages, aukštis x plotis: 276x216 mm, weight: 2050 g
  • Išleidimo metai: 18-Apr-2013
  • Leidėjas: Pearson
  • ISBN-10: 0132751127
  • ISBN-13: 9780132751124
Kitos knygos pagal šią temą:
  • Formatas: Hardback, 960 pages, aukštis x plotis: 276x216 mm, weight: 2050 g
  • Išleidimo metai: 18-Apr-2013
  • Leidėjas: Pearson
  • ISBN-10: 0132751127
  • ISBN-13: 9780132751124
Kitos knygos pagal šią temą:
Financial Accounting helps readers “nail” the accounting cycle!

Financial Accounting helps readers “nail” the accounting cycle up front in order to increase success and retention later on. The concepts and mechanics readers learn in the critical 'accounting cycle' chapters are used consistently and repetitively—and with clear-cut details and explanations—throughout the remainder of the text, minimizing confusion.

This edition features a new user-oriented approach along with many new problems, exercises, and analysis questions.
Chapter 1 The Financial Statements
1(58)
Spotlight: RadioShack Corporation
1(2)
Explain Why Accounting is the Language of Business
3(3)
Who Uses Accounting Information?
4(1)
Two Kinds of Accounting: Financial Accounting and Management Accounting
4(1)
Organizing a Business
5(1)
Explain and Apply Underlying Accounting Concepts, Assumptions, and Principles
6(5)
The Entity Assumption
8(1)
The Continuity (Going-Concern) Assumption
8(1)
The Historical Cost Principle
8(1)
The Stable-Monetary-Unit Assumption
9(2)
Apply the Accounting Equation to Business Organizations
11(3)
Assets and Liabilities
11(1)
Owners' Equity
12(2)
Evaluate Business Operations Through the Financial Statements
14(8)
The Income Statement Measures Operating Performance
14(2)
The Statement of Retained Earnings Shows What a Company Did with Its Net Income
16(1)
The Balance Sheet Measures Financial Position
17(3)
The Statement of Cash Flows Measures Cash Receipts and Payments
20(2)
Construct the Financial Statements and Analyze the Relationships Among Them
22(2)
Evaluate Business Decisions Ethically
24(31)
End-of-Chapter Summary Problem
27(28)
Demo Doc
55(4)
Chapter 2 Transaction Analysis
59(76)
Spotlight: Apple, Inc.
59(1)
Explain What a Transaction Is
60(1)
Define "Account," and List and Differentiate Between Different Types of Accounts
61(2)
Assets
61(1)
Liabilities
61(1)
Stockholders' (Owners') Equity
62(1)
Show the Impact of Business Transactions on the Accounting Equation
63(10)
Example: Genie Car Wash, Inc.
63(5)
Transactions and Financial Statements
68(3)
Mid-Chapter Summary Problem
71(2)
Analyze the Impact of Business Transactions on Accounts
73(3)
The T-Account
73(1)
Increases and Decreases in the Accounts: The Rules of Debit and Credit
73(2)
Additional Stockholders' Equity Accounts: Revenues and Expenses
75(1)
Record (Journalize and Post) Transactions in the Books
76(7)
Copying Information (Posting) from the Journal to the Ledger
77(1)
The Flow of Accounting Data
78(4)
Accounts After Posting to the Ledger
82(1)
Construct and Use a Trial Balance
83(39)
Analyzing Accounts
84(1)
Correcting Accounting Errors
84(1)
Chart of Accounts
85(1)
The Normal Balance of an Account
86(1)
Account Formats
86(1)
Analyzing Transactions Using Only T-Accounts
86(3)
End-of-Chapter Summary Problem
89(33)
Demo Doc
122(13)
Chapter 3 Accrual Accounting & Income
135(95)
Spotlight: Starbucks Corporation
135(1)
Explain How Accrual Accounting Differs From Cash-Basis Accounting
136(2)
Accrual Accounting and Cash Flows
137(1)
The Time-Period Concept
138(1)
Apply the Revenue and Expense Recognition Principles
138(2)
The Revenue Principle
138(1)
The Expense Recognition Principle
139(1)
Ethical Issues in Accrual Accounting
140(1)
Adjust The Accounts
140(14)
Which Accounts Need to Be Updated (Adjusted)?
140(1)
Categories of Adjusting Entries
141(1)
Prepaid Expenses
142(2)
Depreciation of Plant Assets
144(2)
Accrued Expenses
146(2)
Accrued Revenues
148(1)
Unearned Revenues
149(2)
Summary of the Adjusting Process
151(2)
The Adjusted Trial Balance
153(1)
Construct the Financial Statements
154(8)
Mid-Chapter Summary Problem
156(6)
Close the Books
162(4)
Classifying Assets and Liabilities Based on Their Liquidity
162(2)
Reporting Assets and Liabilities: Starbucks Corporation
164(1)
Formats for the Financial Statements
164(2)
Analyze and Evaluate a Company's Debt-Paying Ability
166(49)
Net Working Capital
166(1)
Current Ratio
166(1)
Debt Ratio
167(1)
How Do Transactions Affect the Ratios?
167(4)
End-of-Chapter Summary Problem
171(44)
Demo Doc
215(15)
Chapter 4 Internal Control & Cash
230(53)
Spotlight: Cooking the Books: EPIC Products Takes a Hit
230(3)
Describe Fraud and Its Impact
233(2)
Fraud and Ethics
234(1)
Explain the Objectives and Components of Internal Control
235(7)
The Sarbanes-Oxley Act (SOX)
235(1)
The Components of Internal Control
236(2)
Internal Control Procedures
238(1)
Information Technology
239(1)
Safeguard Controls
240(1)
Internal Controls for E-Commerce
240(1)
Security Measures
241(1)
The Limitations of Internal Control---Costs and Benefits
241(1)
Design and Use a Bank Reconciliation
242(10)
Signature Card
242(1)
Deposit Ticket
242(1)
Check
242(1)
Bank Statement
243(1)
Bank Reconciliation
243(1)
Preparing the Bank Reconciliation
244(4)
Online Banking
248(2)
Mid-Chapter Summary Problem
250(2)
Evaluate Internal Controls over Cash Receipts and Cash Payments
252(3)
Cash Receipts over the Counter
252(1)
Cash Receipts by Mail
252(1)
Controls over Payment by Check
253(2)
Construct and Use a Cash Budget
255(28)
Reporting Cash on the Balance Sheet
256(1)
Compensating Balance Agreements
256(1)
End-of-Chapter Summary Problem
257(26)
Chapter 5 Short-Term Investments & Receivables
283(54)
Spotlight: Receivables and Short-Term Investments are Double PepsiCo's Inventories!
283(1)
Account for Short-Term Investments
284(5)
Trading Securities
285(1)
Reporting on the Balance Sheet and the Income Statement
286(1)
Ethics and the Current Ratio
287(1)
Mid-Chapter Summary Problem
288(1)
Apply GAAP for Proper Revenue Recognition
289(2)
Shipping Terms, Sales Discounts, and Sales Returns
289(2)
Account for and Control Accounts Receivable
291(2)
Types of Receivables
291(1)
Internal Controls over Cash Collections on Account
291(1)
How Do We Manage the Risk of Not Collecting?
292(1)
Evaluate Collectibility Using the Allowance for Uncollectible Accounts
293(8)
Allowance Method
294(6)
Direct Write-Off Method
300(1)
Computing Cash Collections from Customers
300(1)
Account for Notes Receivable
301(3)
Accounting for Notes Receivable
302(2)
Show How to Speed Up Cash Flow from Receivables
304(2)
Credit Card or Bankcard Sales
304(1)
Selling (Factoring) Receivables
305(1)
Reporting on the Statement of Cash Flows
305(1)
Evaluate Liquidity Using Two New Ratios
306(31)
Quick (Acid-test) Ratio
306(1)
Days' Sales in Receivables
306(2)
End-of-Chapter Summary Problem
308(29)
Chapter 6 Inventory & Cost of Goods Sold
337(63)
Spotlight: Williams-Sonoma, Inc.
337(2)
Show How to Account for Inventory
339(5)
Sale Price vs. Cost of Inventory
341(1)
Accounting for Inventory in the Perpetual System
342(2)
Apply and Compare Various Inventory Cost Methods
344(9)
What Goes into Inventory Cost?
345(1)
Apply the Various Inventory Costing Methods
345(3)
Compare the Effects of FIFO, LIFO, and Average Cost on Cost of Goods Sold, Gross Profit, and Ending Inventory
348(1)
Keeping Track of Perpetual Inventories under LIFO and Weighted-Average Cost Methods
349(1)
The Tax Advantage of LIFO
349(2)
Mid-Chapter Summary Problem
351(2)
Explain and Apply Underlying GAAP for Inventory
353(2)
Disclosure Principle
353(1)
Lower-of-Cost-or-Market Rule
353(2)
Inventory and the Detailed Income Statement
355(1)
Compute and Evaluate Gross Profit (Margin) and Inventory Turnover
355(2)
Gross Profit Percentage
355(1)
Inventory Turnover
356(1)
Use the COGS Model to Make Management Decisions
357(2)
Computing Budgeted Purchases
358(1)
Estimating Inventory by the Gross Profit Method
358(1)
Analyze Effects of Inventory Errors
359(41)
End-of-Chapter Summary Problem
362(38)
Chapter 7 Plant Assets, Natural Resources, & Intangibles
400(63)
Spotlight: FedEx Corporation
400(2)
Measure and Account for the Cost of Plant Assets
402(3)
Land
402(1)
Buildings, Machinery, and Equipment
403(1)
Land Improvements and Leasehold Improvements
403(1)
Lump-Sum (or Basket) Purchases of Assets
403(2)
Distinguish a Capital Expenditure from an Immediate Expense
405(1)
Measure and Record Depreciation on Plant Assets
406(12)
How to Measure Depreciation
407(1)
Depreciation Methods
408(3)
Comparing Depreciation Methods
411(2)
Mid-Chapter Summary Problem
413(1)
Other Issues in Accounting for Plant Assets
414(1)
Depreciation for Tax Purposes
414(2)
Depreciation for Partial Years
416(1)
Changing the Useful Life of a Depreciable Asset
416(2)
Fully Depreciated Assets
418(1)
Analyze the Effect of a Plant Asset Disposal
418(5)
Disposing of a Fully Depreciated Asset for No Proceeds
419(1)
Selling a Plant Asset
419(1)
Exchanging a Plant Asset
420(1)
T-Accounts for Analyzing Plant Asset Transactions
421(2)
Apply GAAP for Natural Resources and Intangible Assets
423(3)
Accounting for Natural Resources
423(1)
Accounting for Intangible Assets
424(1)
Accounting for Specific Intangibles
424(2)
Accounting for Research and Development Costs
426(1)
Explain the Effect of an Asset Impairment on the Financial Statements
426(2)
Analyze Rate of Return on Assets
428(2)
DuPont Analysis: A More Detailed View of ROA
428(2)
Analyze the Cash Flow Impact of Long-Lived Asset Transactions
430(33)
End-of-Chapter Summary Problems
433(30)
Chapter 8 Long-Term Investments & the Time Value of Money
463(54)
Spotlight: Intel Holds Several Different Types of Investments
463(3)
Stock and Bond Prices
465(1)
Reporting Investments on the Balance Sheet
465(1)
Analyze and Report Investments in Held-to-Maturity Debt Securities
466(2)
Analyze and Report Investments in Available-for-Sale Securities
468(4)
Accounting Methods for Long-Term Stock Investments
468(1)
The Fair Value Adjustment
469(2)
Selling an Available-for-Sale Investment
471(1)
Analyze and Report Investments in Affiliated Companies Using The Equity Method
472(3)
Buying a Large Stake in Another Company
472(1)
Accounting for Equity-Method Investments
472(3)
Analyze and Report Controlling Interests in Other Corporations Using Consolidated Financial Statements
475(8)
Why Buy Another Company?
475(1)
Consolidation Accounting
475(1)
The Consolidated Balance Sheet and the Related Work Sheet
476(1)
Goodwill and Noncontrolling Interest
477(1)
Income of a Consolidated Entity
477(2)
Mid-Chapter Summary Problems
479(2)
Consolidation of Foreign Subsidiaries
481(1)
Foreign Currencies and Exchange Rates
481(1)
The Foreign-Currency Translation Adjustment
482(1)
Report Investing Activities on the Statement of Cash Flows
483(1)
Explain the Impact of the Time Value of Money on Certain Types of Investments
484(33)
Present Value
485(1)
Present-Value Tables
486(1)
Present Value of an Annuity
487(2)
Using Microsoft Excel to Calculate Present Value
489(1)
Using the PV Model to Compute Fair Value of Available-for-Sale Investments
490(1)
Present Value of an Investment in Bonds
491(1)
End-of-Chapter Summary Problems
492(25)
Chapter 9 Liabilities
517(64)
Spotlight: Southwest Airlines: A Success Story
517(1)
Account for Current and Contingent Liabilities
518(9)
Current Liabilities of Known Amount
518(5)
Current Liabilities That Must Be Estimated
523(1)
Contingent Liabilities
524(1)
Are All Liabilities Reported on the Balance Sheet?
525(1)
Summary of Current Liabilities
526(1)
Mid-Chapter Summary Problem
527(1)
Account for Bonds Payable, Notes Payable, and Interest Expense
527(14)
Bonds: An Introduction
528(2)
Issuing Bonds Payable at Par (Face Value)
530(2)
Issuing Bonds Payable at a Discount
532(1)
What Is the Interest Expense on These Bonds Payable?
532(1)
Interest Expense on Bonds Issued at a Discount
533(2)
Partial-Period Interest Amounts
535(1)
Issuing Bonds Payable at a Premium
536(3)
The Straight-Line Amortization Method: A Quick and Dirty Way to Measure Interest Expense
539(1)
Should We Retire Bonds Payable Before Their Maturity?
540(1)
Convertible Bonds and Notes
540(1)
Analyze and Differentiate Financing with Debt Versus Equity
541(3)
The Leverage Ratio
543(1)
The Times-Interest-Earned Ratio
544(1)
Understand Other Long-Term Liabilities
544(3)
Leases
544(1)
Types of Leases
544(1)
Do Lessees Prefer Operating Leases or Capital Leases?
545(1)
Pensions and Postretirement Liabilities
546(1)
Report Liabilities
547(34)
Reporting on the Balance Sheet
547(1)
Disclosing the Fair Value of Long-Term Debt
548(1)
Reporting Financing Activities on the Statement of Cash Flows
548(1)
End-of-Chapter Summary Problem
549(32)
Chapter 10 Stockholders' Equity
581(69)
Spotlight: RadioShack Corporation
581(2)
Explain The Features of a Corporation
583(4)
Organizing a Corporation
584(1)
Stockholders' Rights
584(1)
Stockholders' Equity
585(1)
Classes of Stock
586(1)
Account for the Issuance of Stock
587(9)
Common Stock
589(3)
A Stock Issuance for Other Than Cash Can Create an Ethical Challenge
592(1)
Preferred Stock
593(1)
Mid-Chapter Summary Problem
594(1)
Authorized, Issued, and Outstanding Stock
595(1)
Show How Treasury Stock Affects a Company
596(3)
How is Treasury Stock Recorded?
596(1)
Retirement of Stock
597(1)
Resale of Treasury Stock
598(1)
Treasury Stock for Employee Compensation
598(1)
Summary of Treasury-Stock Transactions
599(1)
Account for Retained Earnings, Dividends, and Splits
599(7)
Should the Company Declare and Pay Cash Dividends?
600(1)
Cash Dividends
600(1)
Analyzing the Stockholder's Equity Accounts
601(1)
Dividends on Preferred Stock
602(1)
Stock Dividends
603(1)
Stock Splits
604(1)
Summary of the Effects on Assets, Liabilities, and Stockholders' Equity
605(1)
Use Stock Values in Decision Making
606(3)
Market, Redemption, Liquidation, and Book Value
606(1)
ROE: Relating Profitability to Stockholder Investment
607(2)
Report Equity Transactions in the Financial Statements
609(41)
Statement of Cash Flows
609(1)
Reporting Stockholders' Equity on the Balance Sheet
610(2)
End-of-Chapter Summary Problem
612(38)
Chapter 11 The Income Statement, the Statement of Comprehensive Income, & the Statement of Stockholders' Equity
650(47)
Spotlight: The Gap, Inc: A Global Icon Adapts to Changing Markets
650(1)
Evaluate Quality of Earnings
651(3)
Revenue Recognition
651(2)
Cost of Goods Sold and Gross Profit (Gross Margin)
653(1)
Operating and Other Expenses
654(1)
Operating Income (Earnings)
654(1)
Account for Foreign-Currency Gains and Losses
654(2)
Dollars Versus Foreign Currency
654(2)
Reporting Foreign-Currency Gains and Losses on the Income Statement
656(1)
Should We Hedge Our Foreign-Currency-Transaction Risk?
656(1)
Account for Other Items on the Income Statement
656(5)
Interest Expense and Interest Income
656(1)
Corporate Income Taxes
656(2)
Which Income Number Predicts Future Profits?
658(1)
Discontinued Operations
659(1)
Accounting Changes
660(1)
Compute Earnings Per Share
661(2)
What Should You Analyze to Gain an Overall Picture of a Company?
662(1)
Correcting Retained Earnings
662(1)
Analyze the Statement of Comprehensive Income and the Statement of Stockholders' Equity
663(3)
Reporting Comprehensive Income
663(1)
Reporting Stockholders' Equity
664(2)
Differentiate Management's and Auditors' Responsibilites in Financial Reporting
666(31)
Management's Responsibility
666(1)
Auditor Report
666(3)
End-of-Chapter Summary Problem
669(28)
Chapter 12 The Statement of Cash Flows
697(74)
Spotlight: Google: The Ultimate Answer Machine
697(2)
Identify the Purposes of the Statement of Cash Flows
699(1)
How's Your Cash Flow? Telltale Signs of Financial Difficulty
700(1)
Distinguish Among Operating, Investing, and Financing Activities
700(2)
Two Formats for Operating Activities
701(1)
Prepare a Statement of Cash Flows by the Indirect Method
702(14)
Cash Flows from Operating Activities
703(4)
Cash Flows from Investing Activities
707(1)
Cash Flows from Financing Activities
708(3)
Noncash Investing and Financing Activities
711(2)
Mid-Chapter Summary Problem
713(3)
Prepare a Statement of Cash Flows by the Direct Method
716(55)
Cash Flows from Operating Activities
717(2)
Depreciation, Depletion, and Amortization Expense
719(1)
Cash Flows from Investing Activities
719(1)
Cash Flows from Financing Activities
720(1)
Non-Cash Investing and Financing Activities
720(1)
Computing Operating Cash Flows by the Direct Method
721(4)
Computing Investing and Financing Cash Flows
725(1)
Measuring Cash Adequacy: Free Cash Flow
726(2)
End-of-Chapter Summary Problem
728(43)
Chapter 13 Financial Statement Analysis
771(76)
Spotlight: How Well is Amazon.com Doing?
771(2)
Perform Horizontal Analysis
773(4)
Illustration: Amazon.com, Inc.
774(3)
Trend Percentages
777(1)
Perform Vertical Analysis
777(2)
Illustration: Amazon.com, Inc.
777(2)
Prepare Common-Size Financial Statements
779(2)
Benchmarking
780(1)
Benchmarking Against a Key Competitor
780(1)
Analyze the Statement of Cash Flows
781(3)
Mid-Chapter Summary Problem
783(1)
Use Ratios to Make Business Decisions
784(14)
Measuring Ability to Pay Current Liabilities
785(3)
Measuring Turnover and the Cash Conversion Cycle
788(3)
Measuring Leverage: Overall Ability to Pay Debts
791(1)
Measuring Profitability
792(4)
Analyzing Stock as an Investment
796(2)
The Limitations of Ratio Analysis
798(1)
Use Other Measures to Make Investment Decisions
798(49)
Economic Value Added (EVA®)
798(1)
Red Flags in Financial Statement Analysis
799(1)
Efficient Markets
800(3)
End-of-Chapter Summary Problem
803(44)
Appendix A Amazon.com 2010 Annual Report 847(26)
Appendix B RadioShack 2010 Annual Report 873(18)
Appendix C Typical Charts of Accounts for Different Types of Businesses 891(2)
Appendix D Summary of Generally Accepted Accounting Principles (GAAP) 893(2)
Appendix E Summary of Differences Between U.S. GAAP and IFRS Cross Referenced to
Chapter
895(4)
Company Index 899(6)
Glindex 905