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Introduction to Financial Statements | |
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Knowing the Numbers | |
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Forms of Business Organization | |
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Users and Uses of Financial Information | |
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Business Activities | |
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Communicating with Users | |
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A Quick Look at Tootsie Roll's Financial Statements | |
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A Further Look at Financial Statements | |
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Just Fooling Around? | |
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The Classified Balance Sheet | |
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Using the Financial Statements | |
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Keeping an Eye on Cash | |
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Financial Reporting Concepts | |
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The Accounting Information System | |
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Accidents Happen | |
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The Accounting Information System | |
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Accounting Transactions | |
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The Account | |
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Steps in the Recording Process | |
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The Recording Process Illustrated | |
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The Trial Balance | |
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Keeping an Eye on Cash | |
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Accrual Accounting Concepts | |
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What Was Your Profit? | |
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Timing Issues | |
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The Basics of Adjusting Entries | |
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The Adjusted Trial Balance and Financial Statements | |
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Closing the Books | |
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Quality of Earnings | |
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Appendix: Adjusting Entries in an Automated World-Using a Worksheet | |
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Merchandising Operations and the Multiple-Step Income Statement | |
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Who Doesn't Shop at Wal-Mart? | |
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Merchandising Operations | |
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Recording Purchases of Merchandise | |
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Recording Sales of Merchandise | |
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Income Statement Presentation | |
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Evaluating Profitability | |
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Keeping an Eye on Cash | |
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Appendix: Periodic Inventory System | |
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Recording Merchandise Transactions | |
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Recording Purchases of Merchandise | |
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Recording Sales of Merchandise | |
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Comparison of Entries-Perpetual vs. Periodic | |
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Reporting and Analyzing Inventory | |
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Where Is That Spare Bulldozer Blade? | |
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Classifying Inventory | |
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Determining Inventory Quantities | |
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Inventory Costing | |
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Keeping an Eye on Cash | |
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Analysis of Inventory | |
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Appendix 6A Inventory Cost Flow Methods in Perpetual Inventory Systems | |
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First-In, First-Out (FIFO) | |
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Last-In, First-Out (LIFO) | |
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Average Cost | |
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Appendix 6B Inventory Errors | |
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Income Statement Effects | |
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Balance Sheet Effects | |
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Fraud, Internal Control, and Cash | |
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Minding the Money in Moose Jaw | |
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Fraud and Internal Control | |
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Cash Controls | |
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Control Features: Use of a Bank | |
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Reporting Cash | |
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Managing and Monitoring Cash | |
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Keeping an Eye on Cash | |
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Appendix Operation of the Petty Cash Fund | |
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Establishing the Petty Cash Fund | |
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Making Payments from Petty Cash | |
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Replenishing the Petty Cash Fund | |
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Reporting and Analyzing Receivables | |
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A Dose of Careful Management Keeps Receivables Healthy | |
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Types of Receivables | |
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Accounts Receivable | |
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Notes Receivable | |
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Financial Statement Presentation of Receivables | |
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Managing Receivables | |
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Keeping an Eye on Cash | |
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Reporting and Analyzing Long-Lived Assets | |
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A Tale of Two Airlines | |
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Plant Assets | |
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Determining the Cost of Plant Assets | |
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Accounting for Plant Assets | |
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Analyzing Plant Assets | |
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Intangible Assets | |
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Accounting for Intangible Assets | |
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Types of Intangible Assets | |
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Financial Statement Presentation of Long-Lived Assets | |
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Keeping an Eye on Cash | |
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Appendix: Calculation of Depreciation Using Other Methods | |
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Declining-Balance | |
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Units-of-Activity | |
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Reporting and Analyzing Liabilities | |
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And Then There Were Two | |
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Current Liabilities | |
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Bonds: Long-Term Liabilities | |
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Accounting for Bond Issues | |
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Accounting for Bond Retirements | |
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Financial Statement Presentation and Analysis | |
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Keeping an Eye on Cash | |
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Analysis | |
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Off-Balance-Sheet Financing | |
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Appendix 10A: Straight-Line Amortization | |
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Amortizing Bond Discount | |
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Amo | |