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| Introduction to Financial Accounting | |
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| Scope and Purpose of Accounting | |
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| Branches of Accounting | |
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| Purposes of a Business Entity | |
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| Principles and Assumptions of Financial Accounting | |
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| The Accounting Equation | |
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| Financial Statements | |
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| Introduction | |
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| Cash Basis Versus Accrual Basis of Accounting | |
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| Income Statement | |
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| Balance Sheet | |
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| Classified Financial Statements | |
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| Analyzing and Recording Financial Transactions | |
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| Introduction | |
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| Accounts for Recording Transactions | |
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| Ledger | |
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| A Chart of Accounts | |
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| Reflecting Debits and Credits in the Accounts | |
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| The Journal | |
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| Journal Entries | |
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| Posting | |
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| Preparing the Trial Balance | |
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| Financial Statement Preparation | |
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| Adjusting and Closing Entries | |
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| Introduction | |
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| Prepaid Expenses | |
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| Unearned Revenue | |
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| Accrued Expenses | |
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| Accrued Revenue | |
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| Depreciation | |
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| Dividends | |
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| Closing Entries | |
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| Post-Closing Trial Balance | |
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| The Preparation of the Worksheet | |
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| Introduction | |
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| Worksheet for a Service-Oriented Business | |
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| Financial Statement Preparation | |
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| After the Financial Statements Are Prepared | |
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| The Accounting Cycle | |
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| Accounting for a Merchandising Business | |
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| Introduction | |
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| Accounting for Sales of Merchandise | |
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| Accounting for Purchases | |
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| Cost of Goods Sold | |
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| Condensed Income Statement | |
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| The Worksheet for a Merchandising Business | |
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| An Income Statement for a Merchandising Business | |
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| Cash and Short-Term Investments | |
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| Introduction | |
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| What Is Cash? | |
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| The Control of Cash | |
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| The Bank Statement | |
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| Bank Reconciliation | |
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| Cash Shortage and Overage | |
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| Petty Cash | |
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| Short-Term Investments | |
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| Held-to-Maturity Securities | |
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| Trading Securities | |
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| Available-for-Sale Securities | |
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| Inventories | |
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| Introduction | |
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| Perpetual and Periodic Inventory Methods | |
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| Inventory and Valuation Methods | |
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| Receivables and Payables | |
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| Accounts Receivable | |
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| Computing the Provision for Uncollectible Accounts | |
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| Writing off a Customer's Account | |
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| Subsequent Recovery of Written-Off Receivable | |
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| Promissory Notes | |
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| Interest Computation | |
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| Determining the Maturity Date | |
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| Notes Receivable | |
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| Discounting a Note Receivable | |
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| Default on a Note Receivable | |
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| Notes Payable | |
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| Fixed Assets, Depreciation, and Intangible Assets | |
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| Property, Plant, and Equipment | |
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| Depreciation | |
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| Depreciation Methods | |
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| Disposal of Plant and Equipment | |
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| Intangible Assets | |
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| Accounting for Intangible Assets | |
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| Deferred Charges | |
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| Other Assets | |
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| Liabilities | |
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| Introduction | |
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| Current Liabilities | |
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| Noncurrent Liabilities | |
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| Types of Bonds | |
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| Accounting for Bonds | |
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| Bonds Sold at Face Value Between Interest Dates | |
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| Bonds Sold at a Premium or Discount Between Interest Dates | |
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| Early Extinguishment of Bonds | |
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| Bond Conversion | |
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| Contingent Liabilities | |
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| Corporations | |
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| Introduction | |
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| Terminology | |
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| Types of Stock | |
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| Stockholders' Equity | |
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| Issuance of Stock | |
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| Subscribed Stock | |
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| Treasury Stock | |
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| Dividends | |
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| Stock Splits | |
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| Retained Earnings | |
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| Comprehensive Stockholders' Equity Section | |
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| Partnerships | |
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| Features of the Partnership | |
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| Initial Partnership Investments | |
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| Partner Drawing Accounts | |
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| Allocating Net Income or Loss to Partners | |
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| Admitting a New Partner | |
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| Liquidating a Partnership | |
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| Financial Statement Analysis | |
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| Introduction | |
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| Horizontal Analysis | |
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| Vertical Analysis | |
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| Ratio Analysis | |
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| Liquidity Ratios | |
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| Solvency Ratios | |
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| Profitability Ratios | |
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| Summary | |
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| Statement of Cash Flows | |
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| Introduction | |
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| FASB Requirements | |
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| Accrual Basis of Accounting | |
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| Cash and Cash Equivalents | |
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| Presentation of Noncash Investing and Financing Transactions | |
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| Operating, Investing, and Financing Activities | |
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| Presentation of the Cash Flow Statement--Direct and Indirect Methods | |
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| Accounting for Multinational Operations | |
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| Introduction: Accounting Dimensions of International Business | |
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| Foreign Currency Exchange Rates | |
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| Accounting for Foreign Currency Transactions | |
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| Translation of Foreign Currency Financial Statements | |
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| Interpretation of Foreign Financial Statements | |
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| Harmonization of Accounting Standards | |
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| Index | |