Rent 9780470043882 | Financial Accounting As A Second Language, 1st Edition | David P. Weiner (University of San Francisco) @knetbooks.com

Summary Table of Contents Author Biography

Get a better grade in financial accounting!Accounting may be challenging, but with training and practice you can come out of your financial accounting class with the grade you want! With David Weiner's Financial Accounting as a Second Language, you'll get the practice and training you need to better understand fundamental principles, build confidence, and solve problems.Here's how you can get a better grade in financial accounting:Understand the basic conceptsFinancial Accounting as a Second Language describes the complete accounting cycle, fro... MOREm engaging in transactions to preparing a set of financial statements. You'll learn how to prepare a statement of cash flows and accounting techniques for specific business transactions. By understanding these principles, you'll have a coherent framework that will help you better understand your course.Study more efficiently and effectivelyFinancial Accounting as a Second Language provides time-saving study tips and problem-solving strategies that will help you apply concepts to succeed in the course.Improve your problem-solving skillsFinancial Accounting as a Second Language will help you develop the skills you need to solve a variety of problem types--even unfamiliar ones!

Many readers find it difficult to master the fundamental skills that are essential to succeeding in a financial accounting course. Now with this helpful book, they'll quickly learn the keys to success in their course. Author David Weiner presents the material in a way that will motivate and empower them. He offers clear explanations of key concepts as well as helpful tips for solving the problems that often leave students floundering.

The newest edition to the series of books students choose to buy, this Second Language title offers the concepts and techniques needed to grasp the concepts of financial accounting. In order to make learning easier, this book provides more user-friendly advice than is found in the traditional accounting book.

Accounting may be challenging, but with training and practice students can come out of a financial accounting course having achieved success! With David Weiner�s Financial Accounting as a Second Language, students will get the practice and training they need to better understand fundamental principles, build confidence, and solve problems.

The goal of this title is to: introduce the language of accounting, explain the core concepts of accounting, and learn how to apply these core concepts to solve accounting problems. Developed by David Weiner through his forty year teaching career, this text is filled with study skills, techniques, and strategies used help students learn the core concepts of accounting and get the grades they deserve.

Preface	p. ix
Basic Financial Accounting Concepts	p. 1
Learning Objectives	p. 1
Accounting as the Language of Business	p. 2
Objectives of Financial Reporting	p. 4
Basic Accounting Concepts	p. 5
The Basic Financial Statements	p. 8
Using Financial Statement Information	p. 17
Review Questions	p. 18
Practice Mult... MOREiple Choice Questions	p. 21
The Accounting Cycle	p. 24
Learning Objectives	p. 24
Transaction Analysis	p. 26
The Accounting Cycle	p. 29
Summary of the Seven Types of Accounts	p. 30
The Rules for Debits and Credits	p. 30
The Chart of Accounts	p. 32
Cash Basis versus Accrual Basis	p. 33
The Journal Entry	p. 33
Recording Journal Entries	p. 38
Posting to the Ledger	p. 40
The Trial Balance	p. 41
Adjusting Entries	p. 41
The Closing Process	p. 45
Balancing the Permanent Accounts	p. 47
Correcting Errors	p. 47
Preparing the Financial Statements	p. 48
Comprehensive Illustration	p. 49
Review Questions	p. 59
Practice Multiple Choice Questions	p. 61
Internal Controls, Cash, and Receivables	p. 64
Learning Objectives	p. 64
The Sarbanes-Oxley Act Requirements	p. 65
Sarbanes-Oxley and Internal Control	p. 66
Reporting Cash	p. 68
The Bank Reconciliation	p. 70
Accounts Receivable	p. 73
Notes Receivable	p. 77
Getting Cash for Receivables	p. 78
Summary of Journal Entries	p. 79
Review Questions	p. 80
Practice Multiple Choice Questions	p. 83
Inventory	p. 85
Learning Objectives	p. 85
Basic Inventory Issues	p. 86
Purchasing and Selling Inventory	p. 89
The Cost of Goods Sold Model	p. 91
The Periodic Method versus the Perpetual Method	p. 92
Taking Inventory and the Cost Flow Assumptions	p. 95
Lower of Cost or Market (LCM)	p. 102
Impact of Inventory Errors	p. 104
Review Questions	p. 107
Practice Multiple Choice Questions	p. 109
Noncurrent Assets and Depreciation	p. 113
Learning Objectives	p. 113
Noncurrent Assets	p. 114
Long-Term Investments	p. 114
Property, Plant, and Equipment	p. 116
Declining-Balance Method	p. 121
Depreciation Conventions	p. 123
Intangible Assets	p. 126
Impairment	p. 129
Accounting for Research and Development	p. 131
Summary of Journal Entries	p. 132
Review Questions	p. 133
Practice Multiple Choice Questions	p. 135
Current and Noncurrent Liablities	p. 139
Learning Objectives	p. 139
Liabilities	p. 140
Current Liabilities	p. 140
Long-Term Liabilities	p. 147
Summary of Journal Entries	p. 154
Review Questions	p. 155
Practice Multiple Choice Questions	p. 158
Stockholders' Equity	p. 160
Learning Objectives	p. 160
Stockholders' Equity	p. 162
Summary of Journal Entries	p. 173
Review Questions	p. 174
Practice Multiple Choice Questions	p. 176
The Statement of Cash Flows	p. 178
Learning Objectives	p. 178
Objectives of the Statement of Cash Flows	p. 179
Format of the Statement of Cash Flows	p. 180
A Step-by-Step Approach to Solving Statement of Cash Flows Problems	p. 182
Review Questions	p. 202
Practice Multiple Choice Questions	p. 203
Review of Financial Statements and Financial Statement Analysis	p. 205
Learning Objectives	p. 205
Horizontal and Vertical Analysis	p. 206
DuPont Method	p. 207
Financial Ratio Analysis	p. 208
Review Questions	p. 217
Practice Multiple Choice Questions	p. 218
Basic College Skills	p. 221
Learning Objectives	p. 221
College Skills	p. 222
The Time Value of Money	p. 239
Learning Objectives	p. 239
Introduction	p. 239
Basic Concepts	p. 239
Making Present Value and Future Value Calculations: A Summary	p. 245
Practice Multiple Choice Questions	p. 260
Gross Profit Inventory Computation	p. 262
The Gross Profit Method	p. 262
Advanced Topics for Chapter Five: Capitalization of Interest and Nonmonetary Exchanges	p. 266
Capitalization of Interest on Self-Constructed Assets	p. 266
Nonmonetary Exchanges	p. 268
The Cpa and the Auditor's Report	p. 272
Introduction	p. 272
Generally Accepted Auditing Standards	p. 273
Glossary	p. 277
Index	p. 299
Table of Contents provided by Ingram. All Rights Reserved.

DAVID WEINER is a Professor of Accounting at the University of San Francisco. He previously was a staff accountant for Arthur Anderson & Co.

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