Fundamental financial accounting concepts / Thomas P. Edmonds . . . [et al.].

Contents;

CHAPTER 1 ELEMENTS OF FINANCIAL STATEMENTS
Chapter opening
Role of Accounting in society
Measurement Rule
Reporting Entities
Elements of financial statements

CHAPTER 2 ACCOUNTING FOR ACCRUALS
Chapter opening
Accrual Accounting
Second Accounting cycle
Accounting for notes payable
The Financial Analyst

CHAPTER 3 ACCOUNTING FOR DEFERRALS
Chapter opening
Accounting for Deferrals Illustrated
Second Accounting cycle
Third Accounting cycle
The Financial Analyst

CHAPTER 4 THE DOUBLES-ENTRY ACCOUNTING SYSTEM
Chapter opening
Debit/Credit Terminology
Collins Consultants case
Overview of Debit/ Credit Relationships
Summary of T-Accounts

CHAPTER 5 ACCOUNTING FOR MERCHANDISING BUSINESSES
Chapter opening
Product costs versus selling and administrative costs
Allocation of inventory cost Between asset and expense accounts
Perpetual inventory system
Transportation cost, purchase returns and allowances and cash discounts related to inventory purchases

CHAPTER 6 ACCOUNTING FOR MERCHANDISING BUSINESSES--ADVANCED TOPICS
Chapter opening
Inventory cost flow methods
Effect of cost flow under a perpetual system
Inventory cost flow when sales and purchases occur intermittently
Lower-of-cost-or-market rule


CHAPTER 7 INTERNAL CONTROL AND ACCOUNTING FOR CASH
Chapter opening
Key feature of internal control systems
Accounting for cash
Cash payments
The financial Analyst
Real-world data

CHAPTER 8 ACCOUNTING FOR ACCRUALS--ADVANCED TOPICS: RECEIVABLES AND PAYABLE
Chapter opening
Accounting Events Affecting the 2004 period
Accounting Events Affecting the 2005 period
Recognition of bad debts expense using the direct write-off method
Accounting for credit card sales

CHAPTER 9 ACCOUNTING FOR LONG-TERM OPERATIONAL ASSETS
Chapter opening
Tangible versus Intangible Assets
Determining the cost of long-Term Assets
Life cycle of operational Assets
Methods of Recognizing Depreciation

CHAPTER 10 ACCOUNTING FOR LONG-TERM DEBT
Chapter opening
Long-Term Notes Payable
Bond Liabilities
Bonds Issued at face value

CHAPTER 11 ACCOUNTING FOR EQUITY TRANSACTIONS
Chapter opening
Formation of business Organizations
Advantages of Disadvantages of different forms of business organization
Appearance of capital structure in financial statements

CHAPTER 12 STATEMENT OF CASH FLOWS
Chapter opening
Reporting format for statement of cash flows
Converting from Accrual to cash-basis accounting
Comprehensive example using the T-Account Approach
Presenting Information in the statement of cash flows

Index : p. 664-671