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| Preface | |
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| Basic Financial Accounting Concepts | |
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| Learning Objectives | |
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| Accounting as the Language of Business | |
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| Objectives of Financial Reporting | |
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| Basic Accounting Concepts | |
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| The Basic Financial Statements | |
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| Using Financial Statement Information | |
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| Review Questions | |
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| Practice Multiple Choice Questions | |
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| The Accounting Cycle | |
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| Learning Objectives | |
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| Transaction Analysis | |
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| The Accounting Cycle | |
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| Summary of the Seven Types of Accounts | |
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| The Rules for Debits and Credits | |
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| The Chart of Accounts | |
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| Cash Basis versus Accrual Basis | |
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| The Journal Entry | |
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| Recording Journal Entries | |
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| Posting to the Ledger | |
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| The Trial Balance | |
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| Adjusting Entries | |
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| The Closing Process | |
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| Balancing the Permanent Accounts | |
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| Correcting Errors | |
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| Preparing the Financial Statements | |
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| Comprehensive Illustration | |
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| Review Questions | |
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| Practice Multiple Choice Questions | |
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| Internal Controls, Cash, and Receivables | |
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| Learning Objectives | |
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| The Sarbanes-Oxley Act Requirements | |
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| Sarbanes-Oxley and Internal Control | |
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| Reporting Cash | |
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| The Bank Reconciliation | |
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| Accounts Receivable | |
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| Notes Receivable | |
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| Getting Cash for Receivables | |
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| Summary of Journal Entries | |
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| Review Questions | |
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| Practice Multiple Choice Questions | |
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| Inventory | |
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| Learning Objectives | |
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| Basic Inventory Issues | |
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| Purchasing and Selling Inventory | |
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| The Cost of Goods Sold Model | |
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| The Periodic Method versus the Perpetual Method | |
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| Taking Inventory and the Cost Flow Assumptions | |
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| Lower of Cost or Market (LCM) | |
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| Impact of Inventory Errors | |
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| Review Questions | |
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| Practice Multiple Choice Questions | |
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| Noncurrent Assets and Depreciation | |
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| Learning Objectives | |
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| Noncurrent Assets | |
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| Long-Term Investments | |
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| Property, Plant, and Equipment | |
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| Declining-Balance Method | |
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| Depreciation Conventions | |
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| Intangible Assets | |
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| Impairment | |
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| Accounting for Research and Development | |
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| Summary of Journal Entries | |
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| Review Questions | |
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| Practice Multiple Choice Questions | |
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| Current and Noncurrent Liablities | |
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| Learning Objectives | |
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| Liabilities | |
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| Current Liabilities | |
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| Long-Term Liabilities | |
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| Summary of Journal Entries | |
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| Review Questions | |
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| Practice Multiple Choice Questions | |
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| Stockholders' Equity | |
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| Learning Objectives | |
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| Stockholders' Equity | |
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| Summary of Journal Entries | |
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| Review Questions | |
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| Practice Multiple Choice Questions | |
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| The Statement of Cash Flows | |
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| Learning Objectives | |
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| Objectives of the Statement of Cash Flows | |
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| Format of the Statement of Cash Flows | |
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| A Step-by-Step Approach to Solving Statement of Cash Flows Problems | |
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| Review Questions | |
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| Practice Multiple Choice Questions | |
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| Review of Financial Statements and Financial Statement Analysis | |
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| Learning Objectives | |
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| Horizontal and Vertical Analysis | |
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| DuPont Method | |
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| Financial Ratio Analysis | |
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| Review Questions | |
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| Practice Multiple Choice Questions | |
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| Basic College Skills | |
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| Learning Objectives | |
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| College Skills | |
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| The Time Value of Money | |
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| Learning Objectives | |
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| Introduction | |
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| Basic Concepts | |
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| Making Present Value and Future Value Calculations: A Summary | |
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| Practice Multiple Choice Questions | |
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| Gross Profit Inventory Computation | |
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| The Gross Profit Method | |
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| Advanced Topics for Chapter Five: Capitalization of Interest and Nonmonetary Exchanges | |
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| Capitalization of Interest on Self-Constructed Assets | |
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| Nonmonetary Exchanges | |
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| The Cpa and the Auditor's Report | |
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| Introduction | |
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| Generally Accepted Auditing Standards | |
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| Glossary | |
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| Index | |