Intermediate accounting /
Jay M. Smith ---[et.al.]
- 12th edition
- Ohio : South-western college publishing, c1995.
- xv, 999 p. : ill. (some col.) ; 26 cm.
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