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| Acknowledgements | |
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| Preface | |
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| First Principles | |
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| Three Pillars | |
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| Introduction to GAAP | |
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| Components of Financial Statements | |
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| Introduction to Gaas | |
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| Finance and Using Financial Information | |
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| Historical Perspective | |
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| Accounting | |
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| The Fundamental Equation | |
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| Assets, Liabilities and Equity | |
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| Journal Entries | |
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| Creating the Balance Sheet | |
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| Revenues and Expenses | |
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| Creating the Income Statement | |
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| Nine Possible Pairs | |
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| Data Management | |
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| The Accrual System and Recognition Principles | |
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| Cash Versus Accrual Accounting | |
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| Revenue and Expense Recognition | |
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| Four Timing Matters | |
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| Adjusting Entries | |
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| Conversion Exercise | |
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| Inventory and the Cost of Goods Sold | |
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| Recording the Cost of Goods Sold | |
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| Determining the Cost of Goods Sold | |
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| Lower of Cost or Market | |
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| Cost Accounting | |
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| Disclosure and Tax Matters | |
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| Fixed Assets and Depreciation | |
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| Relationship to Other Concepts | |
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| Required Judgments | |
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| Depreciation Bookkeeping | |
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| Depreciation Methods | |
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| Tax Depreciation Distinguished | |
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| Consistency, Disclosure and Changing Prices | |
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| Depletion and Amortization | |
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| Other Asset and Liability Issues | |
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| Receivables | |
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| Intercompany Ownership | |
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| Financial Instruments | |
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| Intangible Assets | |
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| Leases and Other Long-Term Obligations | |
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| Employee Matters | |
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| Loss Contingencies | |
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| Capital Accounts | |
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| Contributed Capital and Distributions | |
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| Retained Earnings and Dividend Bookkeeping | |
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| Other Comprehensive Income | |
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| Hybrid Instruments | |
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| Non-Corporate Entities | |
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| Financial Statement Analysis | |
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| Liquidity and Activity | |
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| Profitability and Performance | |
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| Management's Discussion and Analysis (MD&A) | |
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| Critical Accounting Policies | |
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| Segment Reporting | |
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| Ratio Categories | |
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| The Statement of Cash Flows | |
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| Rationale and Organization | |
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| Direct Method | |
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| Indirect Method | |
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| Assessment | |
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| Analyzing Cash Flow | |
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| Interpreting Cash Flow | |
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| Cash Flow Variability | |
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| Finance | |
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| Valuation Principles | |
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| The Time Value of Money | |
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| Future Value | |
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| Present Value | |
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| Rule of 72s | |
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| Interest Rates, Tax Effects, and Inflation | |
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| Valuing Bonds | |
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| The Cost of Equity | |
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| Valuation Techniques | |
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| Introductory Parable: The Old Man and the Tree | |
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| Balance Sheet Based Valuation | |
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| Income Statement Based Valuation | |
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| Cash Flow Based Valuation | |
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| Synthesis | |
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| Finance Theory | |
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| Introductory Statistics | |
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| Modern Portfolio Theory | |
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| Capital Asset Pricing Model | |
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| Efficient Capital Market Hypothesis | |
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| Valuation in Court | |
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| Discounted Cash Flow | |
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| Capitalization of Earnings | |
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| Valuation by Elimination | |
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| Auditing | |
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| Audit Practice | |
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| Reasonable Assurance | |
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| Internal Control | |
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| Substantive Tests | |
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| Concluding an Audit | |
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| Audit Policy | |
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| Auditing and Corporate Governance | |
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| Auditor Independence | |
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| Legal Responsibilities | |
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| Perspectives on the Lawyer's Role | |
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| Loss Contingencies and Lawyers' Letters | |
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| The Problem of Privileges | |
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| Internal Reporting | |
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| Multi-Disciplinary Practice (MDP) | |
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| Shenanigans | |
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| Testing the Line | |
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| Crossing the Line | |
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| Audit Failure | |
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| Satire | |
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| Lawyers as Part-Time Accountants | |
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| Forensic Accounting | |
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| Glossary | |
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| Bibliography | |
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| Table of Cases | |
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| Index | |