Fundamental Accounting Principles

Chapter 1 Accounting in Business
Importance of Accounting 
Fundamentals of Accounting 
Transaction Analysis and the Accounting Equation
Financial Statements 
Decision Analysis'Return on Assets 


Chapter 2 Analyzing and Recording Transactions
Analyzing and Recording Process 
Analyzing and Processing Transactions
Trial Balance 
Decision Analysis'Debt Ratio 


Chapter 3 Adjusting Accounts and Preparing
Financial Statements
Timing and Reporting 
Adjusting Accounts 
Preparing Financial Statements
Decision Analysis'Profit Margin


Chapter 4 Completing the Accounting Cycle
Work Sheet As a Tool
Closing Process 
Accounting Cycle
Classified Balance Sheet
Decision Analysis'Current Ratio 


Chapter 5 Accounting for Merchandising Operations
Merchandising Activities 
Accounting for Merchandise Purchases 
Accounting for Merchandise Sales 
Completing the Accounting Cycle 
Financial Statement Formats 
Decision Analysis'Acid-Test and Gross Margin Ratios 


Chapter 6 Inventories and Cost of Sales 
Inventory Basics 
Inventory Costing under a Perpetual System 
Valuing Inventory at Lower of Cost and NRV and the Effects of Inventory Errors 
Decision Analysis'Inventory Turnover and Days' Sales in Inventory 


Chapter 7 Accounting Information Systems
Fundamental System Principles 
Components of Accounting Systems
Special Journals in Accounting
Technology-Based Accounting Systems 
Decision Analysis'Segment Return on Assets 


Chapter 8 Cash and Internal Controls
Internal Control
Control of Cash 
Banking Activities as Controls 
Decision Analysis'Days' Sales Uncollected 


Chapter 9 Accounting for Receivables 
Accounts Receivable 
Notes Receivable 
Disposal of Receivables 
Decision Analysis'Accounts Receivable Turnover 


Chapter 10 Long-Term Assets


SECTION 1'PROPERTY, PLANT AND EQUIPMENT 
Cost Determination 
Depreciation 
Measurement Subsequent to Initial Recording
Additional Expenditures
Disposals of Property, Plant and Equipment 


SECTION 2'NATURAL RESOURCES 


SECTION 3'INTANGIBLE ASSETS 
Decision Analysis'Total Asset Turnover 


Chapter 11 Current Liabilities
Characteristics of Liabilities
Known Liabilities
Estimated Liabilities 
Contingent Liabilities
Decision Analysis'Times Interest Earned Ratio 


Chapter 12 Accounting for Partnerships
Partnership Form of Organization 
Basic Partnership Accounting 
Admission and Withdrawal of Partners 
Liquidation of a Partnership 
Decision Analysis'Partner Return on Equity 


Chapter 13 Accounting for Corporations
Corporate Form of Organization 
Ordinary Shares
Dividends 
Preference Shares
Treasury Shares
Reporting of Equity 
Decision Analysis'Earnings per Share, Price-Earnings 
Ratio, Dividend Yield, and Book Value per Share 


Chapter 14 Long-Term Liabilities 
Basics of Bonds
Bond Issuances 
Bond Retirement 
Long-Term Notes Payable 
Decision Analysis'Debt Features and the Debt-to-Equity Ratio 


Chapter 15 Investments and International Operations
Basics of Investments 
Held-for-Trading and Available-for-Sale Investments in Equity 
Investments in Debt 
Investment in Equity with Significant Influence 
Investments in Equity with Control 
Decision Analysis'Components of Return on Total Assets 


Chapter 16 Statement of Cash Flows
Basics of Cash Flow Reporting 
Cash Flows from Operating 
Cash Flows from Investing 
Cash Flows from Financing 
Decision Analysis'Cash Flow Analysis 


Chapter 17 Analysis of Financial Statements 
Basics of Analysis 
Horizontal Analysis 
Vertical Analysis 
Ratio Analysis 
Decision Analysis'Analysis Reporting 


Chapter 18 Managerial Accounting Concepts and Principles
Managerial Accounting Basics 
Managerial Cost Concepts 
Reporting Manufacturing Activities 
Decision Analysis'Cycle Time and Cycle Efficiency 


Chapter 19 Job Order Cost Accounting
Job Order Cost Accounting 
Job Order Cost Flows and Reports 
Adjusting Factory Overhead 
Decision Analysis'Pricing for Services 


Chapter 20 Process Cost Accounting
Process Operations 
Process Cost Accounting 
Equivalent Units of Production
Process Costing Illustration 
Decision Analysis'Hybrid Costing System 795


Chapter 21 Cost Allocation and Performance 
Measurement
Section 1'Allocating Costs for Product Costing
Overhead Cost Allocation Methods 
Section 2'Allocating Costs for Performance Evaluation 
Departmental Accounting 
Departmental Expense Allocation 
Evaluating Investment Center Performance 
Responsibility Accounting 
Decision Analysis'Investment Center Profit Margin and Investment Turnover 


Chapter 22 Cost-Volume-Profit Analysis
Identifying Cost Behavior 
Measuring Cost Behavior 
Using Break-Even Analysis 
Applying Cost-Volume-Profit Analysis 
Decision Analysis'Degree of Operating Leverage 


Chapter 23 Master Budgets and Planning
Budget Process 
Budget Administration 
Master Budget 
Decision Analysis'Activity-Based Budgeting 


Chapter 24 Flexible Budgets and Standard Costs
Section 1'Flexible Budgets 
Budgetary Process 
Flexible Budget Reports 
Section 2'Standard Costs 
Materials and Labor Standards 
Cost Variances 
Overhead Standards and Variances 
Decision Analysis'Sales Variances 


Chapter 25 Capital Budgeting and Managerial 
Decisions Section 1'Capital Budgeting 
Methods Not Using Time Value of Money 
Methods Using Time Value of Money 
Section 2'Managerial Decisions 
Decisions and Information
Decision Making Using Relevant Costs 
Decision Analysis'Break-Even Time 


Appendix A Financial Statement Information
Nestle
Adidas
Puma
Apple
Palm


Appendix B Time Value of Money 
Glossary 
Credits 
Index 
Chart of Accounts