Fundamental financial accounting concepts /
Thomas P. Edmonds . . . [et al.].
- 5th edition.
- Boston, Mass. : McGraw-Hill Irwin, c2006.
- xxx, 671 p. : col. ill. ; 29 cm. 1 CD-ROM (4 3/4 in.)
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