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
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
Appendix A Financial Statement Information
Nestle
Adidas
Puma
Appendix B Time Value of Money
Glossary
Credits
Index
