Intermediate accounting / Jay M. Smith ---[et.al.]

PART 1: OVERVIEW OF ACCOUNTING AND ITS THEORETICAL FOUNDATION

FINANCIAL REPORTING AND THE ACCOUNTING PROFESSION
accounting and financial reporting
the accounting profession
e.tc

A CONCEPTUAL FRAMEWORK OF ACCOUNTING
need for conceptual framework
nature and components of the FASB's conceptual framework
e.tc

REVIEW OF THE ACCOUNTING PROCESS
overview of the accounting process
accrual versus cash basis accounting
e.tc

THE INCOME STATEMENT
importance of recognizing, measuring and reporting income
income determination
e.tc

THE BALANCE SHEET
usefulness of the balance sheet
elements of the balance sheet
e.tc

STATEMENT OF CASH FLOWS
historical perspective
purposes of a statement of cash flows
e.tc

THE TIME VALUE OF MONEY : ACCOUNTING APPLICATIONS
the time value of money concept
computing the amount of interest
e.tc

PART 2: COMPONENTS OF FINANCIAL STATEMENTS

CASH AND RECEIVABLES
cash
receivables
e.tc

INVENTORIES: ESTIMATION AND NONCOST VALUATION PROCEDURES
nature of inventory
inventory systems
e.tc

NONCURRENT OPERATING ASSETS: ACQUISITION
classification of noncurrent operating assets
recording acquisition of noncurrent operating assets
e.tc

NONCURRENT OPERATING ASSETS: UTILIZATION AND RETIREMENT
depreciation of noncurrent operating assets
amortization of intangibles
e.tc

LIABILITIES: CURRENT AND CONTINGENT
definition of liabilities
classification and measurement of liabilities
e.tc

LONG TERM DEBT
financing with long-term debt
accounting for bonds
e.tc

OWNERS' EQUITY: CONTRIBUTED CAPITAL
nature and classification of capital stock
issuance of capital stock
e.tc

OWNERS' EQUITY: RETAINED EARNINGS
factors affecting retained earnings
accounting for dividends
e.tc

INVESTMENTS IN DEBT AND EQUITY SECURITIES
purchase of securities
recognition of revenue from investments
e.tc

PART 3: SPECIAL PROBLEMS IN INCOME DETERMAINATION

COMPLEXITIES OF REVENUE RECOGNITION
Revenue recognition prior to delivery of goods and performance of services
revenue recognition after delivery
e.tc

ACCOUNTING FOR LEASES
economic advantages of leasing
nature of leases
e.tc

ACCOUNTING CHANGES AND ERROR CORRECTIONS
accounting changes
error corrections
e.tc

PART 4: OTHER DIMENSIONS OF FINANCIAL REPORTING

FINANCAIL REPORTING AND ANALYSIS
objectives of financial statement analysis
analytical procedures
e.tc

Includes indexes.