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| Value Creation, Financial Statements, And The Environment Of Financial Reporting | |
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| Value Creation and Successful Management | |
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| Value Creation Through Operating, Investing and Financial Activities | |
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| Return on Equity (ROE) | |
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| A Caution about Measures of Value Creation | |
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| Estimating the Cost of Equity - An Intuitive Approach | |
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| The Financial Statements - An Introduction | |
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| The Balance Sheet | |
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| Statement of Cash Flows | |
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| Income Statement | |
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| Statement of Changes in Shareholders Equity | |
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| Did Lowe's Create Value in 2007? | |
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| The Economic Context in which Financial Reports are Prepared and Used | |
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| Reporting Entities and Industries | |
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| Corporate Governance | |
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| Financial Information Users and Capital Markets | |
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| Contracts: Debt Covenants and Management Compensation | |
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| Financial Reporting Regulations and Standards | |
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| Generally Accepted Accounting Principles | |
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| Independent Auditors | |
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| Board of Directors and Audit Committee | |
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| Legal Liability | |
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| Professional Reputation and Ethics | |
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| Sarbanes-Oxley Act and Internal Controls | |
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| Global Perspective: Accounting Practices Outside the U.S | |
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| Summary | |
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| Estimating the Cost of Equity | |
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| Case and Review Questions | |
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| The Financial Statements - A Closer Look | |
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| Operating Activities, the Financial Statements, and Value Creation | |
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| Operating Performance and the Income Statement | |
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| Operating Performance and Cash Provided by Operating Activities | |
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| Investing Activities, Asset Management, and Financial Statement and Value Creation | |
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| Working Capital Management. | |
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| Long-term (Producing) Assets | |
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| Financing Activities, the Financial Statements, and Value Creation | |
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| Transactions with Debt Holders | |
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| Transactions with Equity Holders | |
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| Financial Statement Differences Across Industries | |
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| Global Perspective: Financial Statements and Analyses in Other Countries | |
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| Summary | |
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| Case and Review Questions | |
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| Measurement Framework And Mechanics Of Financial Accounting | |
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| Measurement Framework for the Financial Statements | |
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| Objectives of Financial Reporting | |
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| Elements and Their Qualitative Characteristics | |
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| Assumptions, Valuation Principles, and Exceptions | |
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| Assumptions of Financial Accounting | |
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| Markets and Valuations Bases | |
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| Valuation Principles of Financial Accounting | |
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| Exceptions of Financial Accounting | |
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| Mechanics of Financial Accounting | |
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| Basic Accounting Equation and Financial Statements | |
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| Transactions, Accounts, and the Accounting Equation | |
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| Mechanics of Financial Accounting: An Illustration | |
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| Global Perspective: Measurement Fundamentals and International Reporting Standards | |
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| Case and Review Questions | |
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| Appendix 3A | |
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| Journal Entries and the Accounting Equation | |
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| Permanent, Temporary Accounts, and the Closing Process | |
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| Using Financial Statements To Analyze Value Creation | |
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| Determinants of Value Creation: Analyzing Return of Equity | |
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| Return on Assets (ROA) | |
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| Measures of Effective Sales and Expense Management | |
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| Measures of Effective Assets Management | |
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| Asset Turnover Ratios | |
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| Solvency Ratios | |
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| Measures of Effective Capital Structure Management | |
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| Using Financial Ratios to Analyze Value Creation Structure - Summary | |
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| Analyzing the Statement of Cash Flows | |
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| Financial Statement Analysis - A Wrap-Up and Industry Comparison | |
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| Global Perspective: Working Capital Management | |
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| Case and Review Questions | |
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| Return On Equity, Value Creation, And Firm Value | |
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| A Model of Firm Value Based on ROE and Value Creation | |
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| Market-to-Book Ratios | |
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| Using the ROE Valuation Model to Estimate Firm Market Value | |
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| Predicting Future ROE | |
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| Incorporating ROE Predictions into the Valuation Model | |
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| Using the Valuation Model to Estimate Nordstrom's Market Value | |
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| Implications of Differences Between Actual and Estimated Market Values | |
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| Using Financial Statements to Assess the Value of Non-US Firms | |
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| Summary | |
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| Case and Review Questions | |
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| Earnings Management | |
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| Incentives to Manage Earnings | |
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| Common Forms of Earnings Management | |
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| Overstating Operating Performance | |
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| Understating Operating Performance | |
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| Off-Balance Sheet Financing | |
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| How Managers Use Accounting Judgments to Manage Earnings | |
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| Materiality Judgments | |
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| Recognition versus Disclosure Judgments | |
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| Classification Judgments | |
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| Measurement Judgments | |
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| Measurement Judgments: Summary | |
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| "Real" Earnings Management | |
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| Earnings Management and Value Creation | |
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| A Global Perspective on Earnings Management | |
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| Case and Review Questions | |
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| Operating Transactions - Revenues, Expenses And Working Capital | |
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| Income Statement: Disclosure and Presentation | |
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| Operating Revenues and Expenses | |
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| Other Revenues and Expenses | |
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| Interest Expense, net | |
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| Disposal of a Business Segment - Discontinued Operations | |
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| Extraordinary Items | |
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| Changes in Accounting Methods | |
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| Disclosure of Income Taxes | |
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| Earnings-Per-Share Disclosure | |
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| Working Capital | |
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| Cash | |
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| Cash Restrictions | |
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| Cash Management | |
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| Cash Control | |
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| Revenue Recognition | |
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| Managing Receivables | |
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| Valuing Receivables on the Balance Sheet | |
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| Accounting for Bad Debts (Uncollectibles) | |
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| Accounts Receivable Control and Aging Schedules | |
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| Inventory | |
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| Accounting for Inventory: Four Important Issues | |
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| Acquiring Inventory: What Costs to Capitalize | |
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| Carry Inventory: Perpetual Method | |
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| Balance Sheet | |
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| Income Statement | |
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| Which Cost Flow Assumption | |
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| Inventory Cost Flow Assumptions: Effects on the Financial Statement | |
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| Observations about LIFO: Liquidations and LIFO Reserves | |
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| Inventory Cost Flow Assumptions: Tradeoffs | |
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| Ending Inventory: Applying the Lower-of-Cost-or-Market Rule | |
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| Current Liabilities | |
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| Determinable Liabilities | |
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| Contingent Liabilities | |
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| Statement of Cash Flows: Operating Section | |
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| Direct Method | |
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| Indirect Method | |
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| Summary | |
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| Cases and Review Questions | |
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| Long-Term Producing Assets And Investments In Equity Securities | |
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| Investments in Long-Term Producing Assets | |
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| Accounting for Producing Assets: An Overview | |
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| Acquisition: What Costs to Capitalize | |
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| Post-acquisition Expenditures | |
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| Cost Allocation | |
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| Estimating Useful Life and Salvage Value | |
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| Cost Allocation Methods | |
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| Disposal: Retirement, Sales, and Trade-In | |
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| Investments in Equity Securities | |
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| Cost Method | |
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| Mark-to-Market Method | |
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| Equity Method | |
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| Consolidated Financial Statements | |
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| Investing Activities and Statement of Cash Flows | |
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| Summary | |
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| Cases and Review Questions | |
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| Time Value Of Money | |
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| Interest: The Price of Money | |
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| Time Value | |
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| Size of Time Value | |
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| Time Value Computations | |
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| Future Value | |
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| Present Value | |
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| An Illustration | |
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| Equivalent Value | |
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| Computing Implicit Rates of Return | |
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| Time Value of Money and Financial Reporting | |
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| Cases and Review Questions | |
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| Glossary | |