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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 | |