Rent 9780324375381 | Financial Accounting: An Introduction to Concepts, Methods, and Uses

Summary Table of Contents

This widely respected financial accounting text captures the predominant market share among graduate, MBA, and higher-level undergraduate programs. With great clarity, it presents both the basic concepts underlying financial statements and the terminology and methods that allow students to interpret, analyze, and evaluate actual corporate financial statements.

Preface

vii

Part 1 Overview of Financial Statements

(36)

Inroduction to Business Activities and Overview of Financial Statements and the Reporting Process

... MORE

(35)

Overview of Business Activities

(3)

Principal Financial Statements

(8)

Problem 1.1 for Self-Study

(1)

Other Items in Annual Reports

(2)

Financial Reporting Issues

(4)

The Financial Reporting Process in the United States

(2)

An International Perspective

(1)

Summary

(1)

Solution to Self-Study Problem

(1)

Key Terms and Concepts

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

(11)

Part 2 Accounting Concepts and Methods

(212)

Balance Sheet: Presenting the Investments and Financing of a Firm

(54)

Underlying Concepts

(6)

Problem 2.1 for Self-Study

(3)

Problem 2.2 for Self-Study

(1)

Accounting Procedures for Preparing the Balance Sheet

(2)

Problem 2.3 for Self-Study

(5)

Problem 2.4 for Self-Study

(1)

Problem 2.5 for Self-Study

(1)

Balance Sheet Account Titles

(3)

Problem 2.6 for Self-Study

(1)

Analysis of the Balance Sheet

(3)

An International Perspective

(4)

Summary

(1)

Solutions to Self-Study Problems

(4)

Key Terms and Concepts

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

(19)

Income Statement: Reporting the Results of Operating Activities

(46)

The Accounting Period Convention

(1)

Accounting Methods for Measuring Performance

(5)

Problem 3.1 for Self-Study

(1)

Measurement Principles of Accrual Accounting

(3)

Problem 3.2 for Self-Study

102

(1)

Accounting Procedures for Preparing the Income Statement

102

(7)

Problem 3.3 for Self-Study

109

(1)

Interpreting and Analyzing the Income Statement

110

(2)

Summary

112

(1)

Solutions to Self-Study Problems

113

(4)

Key Terms and Concepts

117

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

117

(21)

Statement of Cash Flows: Reporting the Effects of Operating, Investing, and Financing Activities on Cash Flows

138

(48)

Need for a Statement of Cash Flows

139

(1)

Overview of the Statement of Cash Flows

140

(4)

Problem 4.1 for Self-Study

144

(1)

Preparing the Statement of Cash Flows

145

(7)

Problem 4.2 for Self-Study

152

(1)

Problem 4.3 for Self-Study

153

(1)

An International Perspective

154

(1)

Problem 4.4 for Self-Study

154

(1)

Problem 4.5 for Self-Study

155

(1)

Using Information in the Statement of Cash Flows

156

(2)

Ethical Issues and the Statement of Cash Flows

158

(1)

Summary

159

(1)

Problem 4.6 for Self-Study

159

(1)

Solutions to Self-Study Problems

160

(6)

Key Terms and Concepts

166

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

166

(20)

Introduction to Financial Statement Analysis

186

(63)

Objectives of Financial Statement Analysis

188

(3)

Analysis of Profitability

191

(7)

Problem 5.1 for Self-Study

198

(7)

Problem 5.2 for Self-Study

205

(1)

Analysis of Risk

206

(4)

Problem 5.3 for Self-Study

210

(2)

Problem 5.4 for Self-Study

212

(1)

Limitations of Ratio Analysis

213

(1)

An International Perspective

213

(1)

Summary

214

(1)

Problem 5.5 for Self-Study

215

(2)

Appendix 5.1: Pro Forma Financial Statements and Valuation

217

(10)

Solutions to Self-Study Problems

227

(3)

Key Terms and Concepts

230

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

230

(19)

Part 3 Measuring and Reporting Assets and Equities Using Generally Accepted Accounting Principles

249

(333)

Receivables and Revenue Recognition

250

(44)

Financial Reporting Environment

251

(2)

Quality of Earnings

253

(1)

Review of Income Recognition Principles

254

(2)

Application of Income Recognition Principles

256

(1)

Problem 6.1 for Self-Study

257

(1)

Revenue Recognition at Time of Sale

257

(9)

Problem 6.2 for Self-Study

266

(2)

Analyzing Information on Accounts Receivable

268

(1)

Income Recognition at Times Different from Sale

269

(4)

Summary Illustration of Income Recognition Methods

273

(2)

Problem 6.3 for Self-Study

275

(1)

Format and Classification within the Income Statement

275

(2)

An International Perspective

277

(1)

Summary

277

(1)

Appendix 6.1: Effects on the Statement of Cash Flows on Transactions Involving Accounts Receivable

278

(1)

Solutions to Self-Study Problems

279

(2)

Key Terms and Concepts

281

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

282

(12)

Inventories: The Source of Operating Profits

294

(42)

A Review of Fundamentals

295

(2)

Issue 1: Costs Included in Inventory

297

(4)

Problem 7.1 for Self-Study

301

(1)

Issue 2: Valuation Subsequent to Acquisition

302

(2)

Issue 3: Cost Flow Assumptions

304

(4)

Problem 7.2 for Self-Study

308

(3)

Problem 7.3 for Self-Study

311

(1)

Analyzing Inventory disclosures

312

(3)

Problem 7.4 for Self-Study

315

(1)

Problem 7.5 for Self-Study

316

(1)

An International Perspective

316

(1)

Summary

317

(1)

Appendix 7.1: Effects on the Statement of Cash Flows of Transactions Involving Inventory

317

(1)

Solutions to Self-Study Problems

318

(3)

Key Terms and Concepts

321

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

322

(14)

Long-Lived Tangible and Intangible Assets: The Source of Operating Capacity

336

(48)

Capitalization versus Immediate Expensing

338

(3)

Measurement of Acpuisition Cost

341

(2)

Problem 8.1 for Self-Study

343

(1)

Treatment of Acquisition Cost Over Life of Asset

344

(1)

Depreciation and Amortization: Fundamental Concepts

345

(1)

Depreciation and Amortization: Measurement

346

(6)

Problem 8.2 for Self-Study

352

(1)

Impact of New Information about Long-Lived Assets

353

(2)

Problem 8.3 for Self-Study

355

(1)

Problem 8.4 for Self-Study

356

(4)

Problem 8.5 for Self-Study

360

(1)

Retirement of Assets

360

(1)

Financial Statement Presentation

361

(1)

Analyzing Financial Statement Disclosures of Long-Lived Assets

362

(3)

Problem 8.6 for Self-Study

365

(1)

An International Perspective

365

(1)

Summary

366

(1)

Appendix 8.1: Effects on the Statement of Cash Flows of Transactions Involving Long-Lived Tangible and Intangible Assets

367

(2)

Solutions to Self-Study Problems

369

(2)

Key Terms and Concepts

371

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

371

(13)

Liabilities: Introduction

384

(52)

Basic Concepts of Liabilities

386

(5)

Current Liabilities

391

(3)

Problem 9.1 for Self-Study

394

(1)

Long-Term Liabilities

394

(4)

Problem 9.2 for Self-Study

398

(2)

Problem 9.3 for Self-Study

400

(6)

Problem 9.4 for Self-Study

406

(5)

Problem 9.5 for Self-Study

411

(3)

Problem 9.6 for Self-Study

414

(1)

Summary

415

(1)

Appendix 9.1: Effects on the Statement of Cash Flows of Transactions Involving Long-Term Liabilities

415

(1)

Solutions to Self-Study Problems

416

(8)

Key Terms and Concepts

424

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

424

(12)

Liabilities: Off-Balance-Sheet Financing, Leases, Deferred Income Taxes, Retirement Benefits

436

(40)

Off-Balance-Sheet Financing

437

(3)

Problem 10.1 for Self-Study

440

(1)

Leases

441

(6)

Problem 10.2 for Self-Study

447

(1)

Income Tax Accounting and Deferred Income Taxes

447

(4)

Problem 10.3 for Self-Study

451

(1)

Problem 10.4 for Self-Study

452

(3)

Deferred Compensation: Pension Benefits and Other Deferred Compensation

455

(2)

Deferred Compensation: Health Care and Other Benefits

457

(1)

An International Perspective

457

(1)

Summary

457

(1)

Appendix 10.1: Effects on the Statement of Cash Flows of Transactions Involving Liabilities

457

(1)

Solutions to Self-Study Problems

458

(5)

Key Terms and Concepts

463

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

463

(13)

Marketable Securities, Derivatives, and Investments

476

(54)

Overview of the Accounting and Reporting of Investments in Securities

477

(2)

Minority, Passive Investments

479

(1)

Problem 11.1 for Self-Study

480

(5)

Problem 11.2 for Self-Study

485

(2)

Derivative Instruments

487

(4)

Dealing with Uncertainty with Measurement, Not Recognition

491

(1)

Minority, Active Investments

492

(3)

Problem 11.3 for Self-Study

495

(1)

Majority, Active Investments

495

(2)

Problem 11.4 for Self-Study

497

(6)

Problem 11.5 for Self-Study

503

(2)

An International Perspective

505

(1)

Summary

505

(3)

Appendix 11.1: Effects on the Statment of Cash Flows of Investments in Securities

508

(1)

Solutions to Self-Study Problems

509

(4)

Key Terms and Concepts

513

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

514

(16)

Shareholders' Equity: Capital Contributions, Distributions, and Earnings

530

(52)

Capital Contributions

533

(1)

Issuing Capital Stock

534

(7)

Problem 12.1 for Self-Study

541

(1)

Corporate Distributions

542

(3)

Problem 12.2 for Self-Study

545

(2)

Problem 12.3 for Self-Study

547

(1)

Reporting Earnings Transactions

547

(10)

Problem 12.4 for Self-Study

557

(1)

Earnings and Book Value per Share

557

(1)

An International Perspective

558

(1)

Disclosure of Changes in Shareholders' Equity

559

(7)

Summary

566

(1)

Appendix 12.1: Effects on the Statement of Cash Flows of Transactions Involving Shareholders' Equity

566

(1)

Solutions to Self-Study Problems

567

(3)

Key Terms and Concepts

570

(1)

Questions, Short Exercises, Exercises, Problems, and Cases

570

(12)

Appendix

582

(21)

Compound Interest, Annuity, and Bond Tables

603

(8)

Glossary

611

(84)

Index

695

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Financial Accounting: An Introduction to Concepts, Methods, and Uses

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