Accounting Principles II

ISBN-10: 0764585657

ISBN-13: 9780764585654

Edition: 2000

List price: $14.99 Buy it from $8.29
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CliffsQuickReview course guides cover the essentials of your toughest classes. Get a firm grip on core concepts and key material, and test your newfound knowledge with review questions. From budgeting, cost accounting, and liabilities to partnerships and corporations, CliffsQuickReview Accounting Principles II can help you understand and retain advanced accounting concepts. This guide introduces each topic, defines key terms, and walks you through each sample problem step-by-step. In no time, you'll be ready to tackle other concepts in this book such as Long-term liabilities Financial statement analysis Cost-volume-profit relationships Flexible budgets and standard costs Capital budgeting CliffsQuickReview Accounting Principles II acts as a supplement to your textbook and to classroom lectures. Use this reference in any way that fits your personal style for study and review - you decide what works best with your needs. Whether you read the book from cover to cover or focus on select topics, you always get clear, jargon-free explanations of the fundamentals, supplemented with equations, charts, and tables. With titles available for all the most popular high school and college courses, CliffsQuickReview guides are a comprehensive resource that can help you get the best possible grades.
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Book details

List price: $14.99
Copyright year: 2000
Publisher: Houghton Mifflin Harcourt Publishing Company
Publication date: 7/24/2000
Binding: Paperback
Pages: 304
Size: 5.25" wide x 8.25" long x 0.75" tall
Weight: 0.748
Language: English

Elizabeth A. Minbiole, CPA, MBA, is an associate professor at Northwood University in Midland, Michigan,where she teaches accounting principles, cost accounting, and financial statement analysis; as well as managerial accounting in the Richard DeVos Graduate School of Management.

Fundamental Ideas
Current Liabilities
Accounts Payable
Payroll Liabilities
Net pay and withholding liabilities
Employer payroll taxes
Notes Payable
Unearned revenues
Contingent liabilities
Warranty liabilities
Long-Term Liabilities
Notes Payable
Mortgage Payable
Lease Obligations
Bonds Payable
Types of bonds
Bond prices
Bonds issued at par
Bonds issued at a discount
Bonds issued at a premium
Bonds issued between interest dates
Deferred Income Taxes
Characteristics of a Partnership
Limited life
Mutual agency
Unlimited liability
Ease of formation
Transfer of ownership
Management structure and operations
Relative lack of regulation
Number of partners
Partnership Accounting
Asset contributions to partnerships
Income allocations
Changes in Partners
New partner
Retirement or withdrawal of a partner
Liquidation of a Partnership
The Statement of Partners' Capital
Characteristics of a Corporation
Unlimited life
Limited liability
Separate legal entity
Relative ease of transferring ownership rights
Professional management
Ease of capital acquisition
Government regulations
Stock Terminology
Accounting for Stock Transactions
Stock issued for cash
Stock issued in exchange for assets or services
Treasury stock
Cash dividends
Stock dividends
Stock Splits
Stockholders' Equity Section of Balance Sheet
Book value
Income Statement
Earnings per share
Diluted earnings per share
Accounting for Debt Securities
Accounting for Equity Securities
Cost method
Equity method
Consolidated financial statements
Balance Sheet Classification and Valuation
Statement of Cash Flows
Statement of Cash Flows Sections
Operating activities
Investing activities
Financing activities
Cash reconciliation
Preparing the Statement of Cash Flows
Direct Method
Indirect Method
Direct Method of Preparing the Statement of Cash Flows
Operating activities
Investing activities
Financing activities
Reconciliation of net income to cash provided by (used by) operating activities
Indirect Method of Preparing the Statement of Cash Flows
Operating activities
Investing activities and financing activities
Using the Statement of Cash Flow Information
Financial Statement Analysis
Need for Financial Statement Analysis
Trend Analysis
Percentage change
Trend percentages
Common-Size Analysis
Ratio Analysis
Liquidity ratios
Profitability ratios
Solvency ratios
Limitations on Financial Statement Analysis
Managerial and Cost Accounting Concepts
Manufacturing Financial Statements
Costing Terminology
The Cost of Goods Manufactured Schedule
Accounting by Manufacturing Companies
Traditional Cost Systems
Job Order Cost System
Predetermined overhead rate
Process Cost System
Raw materials requisitioned
Factory labor
Factory overhead
Work-in-process accounting
Process costing summary
Activity-Based Costing
Activity-Based Costing Activities
Activity categories
Comparison of Activity-Based Costing and Traditional Cost System
Cost-Volume-Profit Relationships
Cost Behavior
Fixed costs
Variable costs
Mixed costs
Cost-Volume-Profit Analysis
Contribution margin and contribution margin ratio
Break-even point
Targeted income
Margin of Safety
Sensitivity Analysis
Operating Budgets
Sales budget
Manufacturing costs
Selling expenses budget
General and administrative expenses budget
Capital Expenditures Budget
Cash Budget
Budgeted Income Statement
Budgeted Balance Sheet
Merchandising Company Budgets
Flexible Budgets and Standard costs
Flexible Budgets
Preparation of a Flexible Budget
Standard Costs
Variance Analysis
Direct Materials Variances
Direct Labor Variances
Overhead Variances
Total Variance
Incremental Analysis
Examples of Incremental Analysis
Accepting additional business
Making or buying component parts or products
Selling products or processing further
Eliminating an unprofitable segment
Allocating scarce resources (sales mix)
Capital Budgeting
Capital Budgeting Techniques
Payback Technique
Net present value
Internal rate of return
Annual rate of return method
Present Value of 1
Present Value Annuity of 1
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