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Accounting (Chapters 1-13)

by: Horngren, Charles T.; Harrison, Walter T.; Bamber, Linda S.; Robinson, Michael A.

Accounting (Chapters 1-13)

by: Horngren, Charles T.; Harrison, Walter T.; Bamber, Linda S.; Robinson, Michael A.

ISBN 13:
9780131436329
ISBN 10:
0131436325
Edition: 6th
Format: Paperback
Copyright: 01/01/2005
Publisher: Prentice Hall
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Summary

For courses in Principles of Accounting, and financial accounting courses with a sole proprietorship approach.GET MORE. With Horngren/Harrison/Bamber Accounting 6e, you get the first-year accounting textbook that best motivates students and is easier for you to use.The Sixth Edition features a wealth of in-text assessment and learning resources, new Resource Center CD-ROMs that enable faculty and student to create custom multi-media review and lectures, and OneKey. OneKey is all you need for the best teaching and learning resources in one place. In a single location, students can access all of the resources that accompany the text using BlackBoard, WebCT, or CourseCompass. And, OneKey includes PH GradeAssist which provides infinite test preparation for students and automatic homework grading for faculty. Ask for a demonstration today!

Accounting and the Business Environment

(40)

Vignette: Amazon.com

(1)

Accounting: The Language of Business

(2)

Decision Makers: The Users of Accounting Information

(1)

Financial Accounting and Management Accounting

(1)

Regulating Accounting

(2)

Governing Organizations

(1)

Ethics in Accounting and Business

(1)

Accounting.com: The New Economy: Pumping Up Revenue via Round-Trip Trades

(1)

Standards of Professional Conduct

(1)

Types of Business Organizations

(1)

Accounting Concepts and Principles

(1)

The Entity Concept

(1)

The Reliability (Objectivity) Principles

(1)

The Cost Principle

(1)

The Going-Concern Concept

(1)

The Stable-Monetary-Unit Concept

(1)

The Accounting Equation

(2)

Assets and Liabilities

(1)

Owner's Equity

(1)

Accounting for Business Transactions

(6)

Evaluating Business Transactions

(24)

The Financial Statements

(2)

Financial Statement Headings

(1)

Relationships Among the Financial Statements

(2)

Decision Guidelines

(1)

Excel Application Exercise

(1)

End-of-Chapter Summary Problem

(2)

Review and Assignment Material

(17)

Recording Business Transactions

(48)

Vignette: Frito-Lay

(1)

The Account, the Ledger, and the Journal

(3)

Assets

(1)

Liabilities

(1)

Owner's Equity

(1)

Double-Entry Accounting

(4)

The T-Account

(1)

Increases and Decreases in the Accounts

(3)

Recording Transactions in the Journal

(1)

Copying Information (Posting) from Journal to Ledger

(1)

The Flow of Accounting Data

(6)

Transaction Analysis, Journalizing, and Posting to the Accounts

(1)

Accounts After Posting

(1)

The Normal Balance of an Account

(1)

The Trial Balance

(1)

Mid-Chapter Summary Problem

(2)

Details of Journals and Ledgers

(3)

Posting from the Journal to the Ledger

(1)

The Four-Column Account: An Alternative to the T-Account

(1)

Chart of Accounts

(1)

Expanding the Accounting Equation: Revenues and Expenses

(1)

Expanded Problem Including Revenues and Expenses

(5)

Transaction Analysis, Journalizing, and Posting

(2)

Ledger Accounts After Posting

(1)

Trial Balance

(1)

Correcting Trial Balance Errors

(1)

Accounting.com: The Seven Trillion Dollar Mistake

(1)

Quick Decision Making

(24)

Decision Guidelines

(1)

Excel Application Exercise

(1)

End-of-Chapter Summary Problem

(3)

Review and Assignment Material

(20)

The Adjusting Process

(48)

Vignette: It's Just Lunch

(1)

Financial Statements and Adjusting Entries

(4)

Accrual versus Cash-Basis Accounting

(2)

The Accounting Period

(1)

The Revenue Principle

(1)

The Matching Principle

(1)

Accounting.com: Grossing Up the Revenue: Priceline.com

(1)

The Time-Period Concept

(1)

Adjusting the Accounts

(1)

Prepaids and Accruals

(11)

Prepaid Expenses

(2)

Depreciation

100

(2)

Accrued Expenses

102

(2)

Accrued Revenues

104

(1)

Unearned Revenues

104

(2)

Summary of the Adjusting Process

106

(2)

The Adjusted Trial Balance

108

(1)

The Financial Statements

109

(1)

Preparing the Statements

109

(1)

Relationships Among the Financial Statements

110

(1)

Ethical Issues in Accrual Accounting

110

(28)

Decision Guidelines

111

(1)

Excel Application Exercise

111

(1)

End-of-Chapter Summary Problem

112

(3)

Review and Assignment Material

115

(19)

Appendix to Chapter 3: Alternative Treatment of Prepaid Expenses and Unearned Revenues

134

(4)

Completing the Accounting Cycle

138

(44)

Vignette: Chicago Cubs

139

(1)

The Accounting Cycle

140

(1)

The Work Sheet

141

(5)

Mid-Chapter Summary Problem

145

(1)

Completing the Accounting Cycle

146

(6)

Preparing the Financial Statements

146

(1)

Recording the Adjusting Entries

146

(2)

Closing the Accounts

148

(3)

Postclosing Trial Balance

151

(1)

Classifying Assets and Liabilities

152

(2)

Assets

152

(1)

Liabilities

152

(1)

A Detailed Balance Sheet

153

(1)

Balance Sheet Forms

153

(1)

Accounting Ratios

154

(28)

Current Ratio

154

(1)

Debt Ratio

155

(1)

Accounting.com: Dell Computer Corp.: Where Customer Focus Equals Solid Financials

156

(1)

Managing Both the Current Ratio and the Debt Ratio

156

(1)

Decision Guidelines

157

(1)

Excel Application Exercise

158

(1)

End-of-Chapter Summary Problem

158

(3)

Review and Assignment Material

161

(17)

Appendix to Chapter 4: Reversing Entries: An Optional Step

178

(4)

Merchandising Operations

182

(64)

Vignette: Amazon.com

183

(2)

What Are Merchandising Operations?

185

(1)

The Operating Cycle of a Merchandising Business

185

(1)

Inventory Systems: Perpetual and Periodic

185

(1)

Integrated Inventory Systems

186

(1)

Accounting for Inventory in the Perpetual System

186

(10)

Purchase of Inventory

186

(4)

Sale of Inventory

190

(3)

Evaluating Profitability: Sales Revenue, Cost of Goods Sold, and Gross Profit

193

(1)

Accounting.com: Amazon.com: For E-Tailers Free Shipping Isn't Free, But It's Not a Cost, Either

194

(1)

Mid-Chapter Summary Problem

195

(1)

Adjusting and Closing the Accounts of a Merchandiser

196

(4)

Adjusting Inventory Based on a Physical Count

196

(2)

Preparing and Using the Work Sheet

198

(1)

Journalizing the Adjusting and Closing Entries

199

(1)

Preparing a Merchandiser's Financial Statements

200

(2)

Income Statement Formats: Multi-Step and Single-Step

202

(1)

Two Key Ratios for Decision Making

202

(44)

The Gross Profit Percentage

203

(1)

The Rate of Inventory Turnover

203

(2)

Decision Guidelines

205

(1)

Excel Application Exercise

206

(1)

End-of-Chapter Summary Problem

206

(5)

Review and Assignment Material

211

(21)

Appendix to Chapter 5: Accounting for Merchandise in a Periodic Inventory System

232

(12)

Comprehensive Problem for Chapters 1--5

244

(2)

Merchandise Inventory

246

(34)

Vignette: Columbia Sportswear Company

247

(2)

Inventory Costing Methods

249

(1)

Inventory Costing in a Perpetual System

250

(6)

First-In, First-Out (FIFO) Method

250

(2)

Last-In, First-Out (LIFO) Method

252

(1)

Average-Cost Method

253

(1)

Comparing FIFO, LIFO, and Average Cost

254

(1)

Mid-Chapter Summary Problem

254

(2)

Inventory Costing in a Periodic System

256

(2)

First-In, First-Out (FIFO) Method

257

(1)

Last-In, First-Out (LIFO) Method

257

(1)

Average-Cost Method

257

(1)

Accounting Principles and Inventories

258

(1)

Other Inventory Issues

259

(21)

Lower-of-Cost-or-Market Rule

259

(1)

Effects of Inventory Errors

259

(1)

Ethical Issues

260

(1)

Accounting.com: Online Category Managers: The New B2B Force Behind Those Huge E-Tailer Inventories

261

(1)

Estimating Inventory

262

(1)

Decision Guidelines

263

(1)

Excel Application Exercise

263

(1)

End-of-Chapter Summary Problem

264

(1)

Review and Assignment Material

265

(12)

Appendix to Chapter 6: Comparing the Perpetual and Periodic Inventory Systems

277

(3)

Accounting Information Systems

280

(42)

Vignette: PriceKubecka

281

(1)

Effective Accounting Information Systems

282

(1)

Features of Effective Systems

282

(1)

Components of a Computerized System

283

(1)

How Computerized and Manual Systems Work

283

(4)

Designing a System: The Chart of Accounts

284

(1)

Processing Transactions: Manual and Menu-Driven Systems

285

(1)

Enterprise Resource Planning (ERP) Systems

286

(1)

Accounting.com: Accounting Pioneers on the Virtual Frontier

286

(1)

Integrated Accounting Software: Spreadsheets

287

(1)

Special Journals

287

(10)

Special Journals in a Manual System

288

(1)

Using the Sales Journal

289

(2)

Using Documents as Journals

291

(1)

Using the Cash Receipts Journal

291

(2)

Using the Purchases Journal

293

(2)

Using the Cash Payments Journal

295

(2)

The Role of the General Journal

297

(25)

The Credit Memorandum---Recording Sales Returns and Allowances

297

(1)

The Debit Memorandum---Recording Purchase Returns and Allowances

298

(1)

Balancing the Ledgers

298

(1)

Blending Computers and Special Journals in an Accounting Information System

299

(1)

Decision Guidelines

299

(1)

Excel Application Exercise

300

(1)

End-of-Chapter Summary Problem

300

(2)

Review and Assignment Material

302

(17)

Comprehensive Problem for Chapters 1--7

319

(3)

Internal Control and Cash

322

(38)

Vignette: Merrill Lynch

323

(1)

Internal Control

324

(5)

An Effective Internal Control System

325

(2)

Accounting.com: WorldCom, Inc.: Internal Auditor's Heroism Is Silver Lining in Cloud of Scandal

327

(1)

Internal Controls for E-Commerce

328

(1)

The Limitations of Internal Control

329

(1)

The Bank Account as a Control Device

329

(7)

The Bank Reconciliation

330

(2)

Preparing the Bank Reconciliation

332

(2)

How Owners and Managers Use the Bank Reconciliation

334

(1)

Mid-Chapter Summary Problem

335

(1)

Internal Control over Cash Receipts

336

(2)

Internal Control over Cash Payments

338

(2)

Controls over Payment by Check

338

(1)

Controlling Petty Cash Payments

339

(1)

Reporting Cash on the Balance Sheet

340

(1)

Ethics and Accounting

340

(20)

Corporate and Professional Codes of Ethics

341

(1)

Ethical Issues in Accounting

341

(1)

Decision Guidelines

342

(1)

Excel Application Exercise

342

(1)

End-of-Chapter Summary Problem

343

(1)

Review and Assignment Material

344

(14)

Appendix to Chapter 8: The Voucher System

358

(2)

Receivables

360

(38)

Vignette: New York Jets and Oracle Corp.

361

(1)

Receivables: An Introduction

362

(3)

Types of Receivables

362

(1)

Establishing Internal Control over Collection of Receivables

363

(1)

Managing the Collection of Receivables: The Credit Department

364

(1)

Decision Guidelines

364

(1)

Accounting for Uncollectibles (Bad Debts)

365

(4)

The Allowance Method

365

(1)

Estimating Uncollectibles

365

(3)

Writing Off Uncollectible Accounts

368

(1)

The Direct Write-Off Method

368

(1)

Recovery of Accounts Previously Written Off

369

(1)

Credit-Card, Bankcard, and Debit-Card Sales

369

(3)

Credit-Card Sales

369

(1)

Bankcard Sales

370

(1)

Debit-Card Sales

370

(1)

Accounting.com: Merchant Beware: Credit Cards Boom with Online Sales . . . But So Does Fraud

371

(1)

Mid-Chapter Summary Problem

371

(1)

Notes Receivable: An Overview

372

(2)

Identifying Maturity Date

373

(1)

Computing Interest on a Note

373

(1)

Accounting for Notes Receivable

374

(3)

Recording Notes Receivable

374

(1)

Accruing Interest Revenue

375

(1)

Dishonored Notes Receivable

376

(1)

Reporting Receivables on the Balance Sheet

376

(1)

Computers and Accounts Receivable

376

(1)

Using Accounting Information for Decision Making

377

(21)

Acid-Test (or Quick) Ratio

377

(1)

Days' Sales in Receivables

378

(1)

Decision Guidelines

379

(1)

Excel Application Exercise

380

(1)

End-of-Chapter Summary Problem

380

(1)

Review and Assignment Material

381

(15)

Appendix to Chapter 9: Discounting a Note Receivable

396

(2)

Plant Assets and Intangibles

398

(36)

Vignette: American/Delta/United Airlines

399

(1)

Measuring the Cost of Plant Assets

400

(3)

Land and Land Improvements

400

(1)

Buildings

401

(1)

Machinery and Equipment

401

(1)

Furniture and Fixtures

402

(1)

A Lump-Sum (Basket) Purchase of Assets

402

(1)

Capital Expenditures

403

(1)

Measuring Plant Asset Depreciation

403

(7)

Causes of Depreciation

404

(1)

Measuring Depreciation

404

(1)

Depreciation Methods

404

(4)

Comparing Depreciation Methods

408

(1)

Mid-Chapter Summary Problem

409

(1)

Other Issues in Accounting for Plant Assets

410

(5)

Depreciation and Income Taxes

410

(1)

Depreciation for Partial Years

411

(1)

Changing the Useful Life of a Depreciable Asset

411

(1)

Using Fully Depreciated Assets

412

(1)

Disposing of a Plant Asset

412

(3)

Accounting for Natural Resources

415

(1)

Accounting for Intangible Assets

415

(3)

Specific Intangibles

416

(2)

Accounting.com: When Business Marriages Go Bust

418

(1)

Accounting for Research and Development Costs

418

(1)

Ethical Issues

418

(16)

Decision Guidelines

419

(1)

Excel Application Exercise

419

(1)

End-of-Chapter Summary Problem

420

(1)

Review and Assignment Material

421

(13)

Current Liabilities and Payroll

434

(34)

Vignette: General Motors

435

(1)

Current Liabilities of Known Amount

436

(3)

Accounts Payable

436

(1)

Short-Term Notes Payable

436

(1)

Sales Tax Payable

437

(1)

Accounting.com: A Taxing Dilemma: Sales Tax Liability and the Internet

438

(1)

Current Portion of Long-Term Debt

438

(1)

Accrued Expenses (Accrued Liabilities)

438

(1)

Unearned Revenues

439

(1)

Current Liabilities That Must Be Estimated

439

(3)

Estimated Warranty Payable

440

(1)

Contingent Liabilities

441

(1)

Decision Guidelines

441

(1)

Mid-Chapter Summary Problem

442

(1)

Accounting for Payroll

442

(4)

Gross Pay and Net Pay

443

(1)

Payroll Deductions

443

(1)

Employer Payroll Taxes

444

(1)

Payroll Entries

445

(1)

The Payroll System

446

(4)

Payroll Record

446

(1)

Payroll Checks

446

(1)

Earnings Record

447

(1)

Paying the Payroll

448

(1)

Internal Control over Payroll

449

(1)

Reporting Payroll Expense and Liabilities

450

(1)

Ethical Issues in Reporting Liabilities

450

(18)

Decision Guidelines

451

(1)

Excel Application Exercise

451

(1)

End-of-Chapter Summary Problem

452

(1)

Review and Assignment Material

453

(13)

Comprehensive Problem for Chapters 8--11

466

(2)

Partnerships

468

(36)

Vignette: Arthur Andersen LLP

469

(2)

Characteristics of a Partnership

471

(2)

The Written Agreement

471

(1)

Limited Life

471

(1)

Mutual Agency

471

(1)

Unlimited Liability

471

(1)

Co-Ownership of Property

472

(1)

No Partnership Income Taxes

472

(1)

Partners' Owner's Equity Accounts

472

(1)

Types of Partnerships

473

(1)

General Partnerships

473

(1)

Limited Partnerships

473

(1)

S Corporations

473

(1)

The Partnership Start-Up

474

(1)

Accounting.com: From Respected Partnership to Dead Duck: The Fall of Arthur Andersen

474

(1)

Sharing Profits and Losses, and Partner Drawings

475

(2)

Sharing Based on a Stated Fraction

476

(1)

Sharing Based on Capital Contributions and on Service

476

(1)

Partner Drawings of Cash and Other Assets

477

(1)

Admission of a Partner

477

(5)

Admission by Purchasing a Partner's Interest

478

(1)

Admission by Investing in the Partnership

478

(4)

Withdrawal of a Partner

482

(2)

Withdrawal at Book Value

483

(1)

Withdrawal at Less Than Book Value

483

(1)

Withdrawal at More Than Book Value

483

(1)

Death of a Partner

484

(1)

Liquidation of a Partnership

484

(2)

Sale of Noncash Assets at a Gain

485

(1)

Sale of Noncash Assets at a Loss

486

(1)

Partnership Financial Statements

486

(18)

Decision Guidelines

488

(1)

Excel Application Exercise

489

(1)

End-of-Chapter Summary Problem

489

(1)

Review and Assignment Material

490

(14)

Corporations: Paid-in Capital and the Balance Sheet

504

Vignette: IHOP

505

(1)

Corporations: An Overview

506

(3)

Characteristics of a Corporation

506

(1)

Organizing a Corporation

507

(1)

Capital Stock

508

(1)

Stockholders' Equity: The Basics

509

(3)

Paid-In Capital Comes from the Stockholders

509

(1)

Retained Earnings Come from Profitable Operations

509

(1)

Corporations May Pay Dividends to the Stockholders

510

(1)

Stockholders' Rights

510

(1)

Classes of Stock

511

(1)

Issuing Stock

512

(6)

Issuing Common Stock

512

(2)

Accounting.com: UPS Delivers the Dough at Record-Breaking IPO

514

(1)

Issuing Preferred Stock

515

(1)

Ethical Considerations

515

(1)

Review of Accounting for Paid-In Capital

516

(1)

Decision Guidelines

516

(1)

Mid-Chapter Summary Problem

517

(1)

Accounting for Cash Dividends

518

(2)

Dividend Dates

518

(1)

Dividends on Preferred and Common Stock

518

(1)

Dividends on Cumulative and Noncumulative Preferred Stock

519

(1)

Different Values of Stock

520

(1)

Market Value

520

(1)

Book Value

520

(1)

Evaluating Operations

521

(1)

Rate of Return on Total Assets

521

(1)

Rate of Return on Common Stockholders' Equity

522

(1)

Accounting for Income Taxes by Corporations

522

Decision Guidelines

523

(1)

Excel Application Exercise

524

(1)

End-of-Chapter Summary Problem

525

(1)

Review and Assignment Material

526

Appendix A: Amazon.com Annual Report

(1)

Appendix B: Charts of Accounts

(1)

Appendix C: Present Value and Future Value Tables

(1)

Appendix D: Check Figures

(1)

Glossary

(1)

Indexes

Amazon no longer offers textbook rentals. We do!

Accounting (Chapters 1-13)

Accounting (Chapters 1-13)

9780131436329

0131436325

Summary

Table of Contents

Supplemental Materials

Write a Review

Amazon no longer offers textbook rentals. We do!

Accounting (Chapters 1-13)

Accounting (Chapters 1-13)

9780131436329

0131436325

Summary

Table of Contents

Supplemental Materials

Write a Review

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