Rent 9780072423396 | Fundamental Accounting Principles | Larson, Kermit D.; Wild, John J.; Chiappetta, Barbara @knetbooks.com

Summary Table of Contents

The 11th edition of this text is on contemporary changes and traditional strengths, incorporating the 1986 Tax Reform Act, and providing new problems and examples based on real companies.

Preface

Accounting in the Information Age

(32)

Information Age

(3)

... MORE

Influence of Accounting

(1)

Business and Investment

(2)

Focus on Accounting

(1)

Setting Accounting Rules

(1)

Accounting and Technology

(1)

Forms of Organization

(3)

Business Organization

(1)

Nonbusiness Organization

(1)

Activities in Organizations

(1)

Planning

(1)

Financing

(1)

Investing

(1)

Operating

(1)

Financial Statements

(2)

Balance Sheet

(1)

Income Statement

(1)

Statement of Changes in Owner's Equity

(1)

Statement of Cash Flows

(1)

Users of Accounting Information

(3)

External Information Users

(1)

Internal Information Users

(2)

Ethics and Social Responsibility

(2)

Understanding Ethics

(1)

Social Responsibility

(1)

Opportunities in Practice

(3)

Financial Accounting

(1)

Managerial Accounting

(1)

Tax Accounting

(1)

Accounting Specialization

(1)

Accounting-Related Opportunities

(1)

Using the Information---Return on Investment

(13)

Financial Statements and Business Transactions

(44)

Communicating with Financial Statements

(5)

Previewing Financial Statements

(4)

Financial Statements and Organizational Form

(1)

Generally Accepted Accounting Principles

(5)

Financial Reporting Environment

(1)

Setting Accounting Principles

(1)

International Accounting Principles

(1)

Principles of Accounting

(3)

Transactions and the Accounting Equation

(6)

Transaction Analysis---Part I

(3)

Transaction Analysis---Part II

(2)

Summary of Transactions

(1)

Financial Statements

(4)

Income Statement

(1)

Statement of Changes in Owner's Equity

(1)

Balance Sheet

(1)

Statement of Cash Flows

(3)

Using the Information---Return on Equity

(22)

Analyzing and Recording Transactions

(46)

Transactions and Documents

(1)

Transactions and Events

(1)

Source Documents

(1)

Accounts and Double-Entry Accounting

(7)

The Account

(1)

Asset Accounts

(1)

Liability Accounts

(1)

Equity Accounts

(1)

Ledger and Chart of Accounts

(1)

Debits and Credits

(1)

Double-Entry Accounting

(1)

Processing Transactions

(4)

Journalizing Transactions

(1)

Balance Column Accounts

(1)

Posting Journal Entries

(2)

Analyzing Transactions

(5)

Accounting Equation Analysis

(1)

Financial Statement Links

(1)

Trial Balance

(4)

Preparing a Trial Balance

(1)

Using a Trial Balance

(1)

Searching for Errors

(2)

Correcting Errors

100

(1)

Presentation Issues

100

(1)

Using the Information---Debt Ratio

101

(23)

Accrual Accounting and Financial Statements

124

(44)

Timing and Reporting

126

(3)

The Accounting Period

126

(1)

Purpose of Adjusting

127

(1)

Recognizing Revenues and Expenses

127

(1)

Accrual Basis versus Cash Basis

128

(1)

Adjusting Accounts

129

(11)

Framework for Adjustments

129

(1)

Adjusting Prepaid Expenses

130

(1)

Adjusting for Depreciation

131

(2)

Adjusting Unearned Revenues

133

(1)

Adjusting Accrued Expenses

134

(2)

Adjusting Accrued Revenues

136

(1)

Links to Financial Statements

137

(1)

Adjusted Trial Balance

138

(1)

Accrual Reversals in Future Periods

138

(2)

Preparing Financial Statements

140

(2)

Using the Information---Profit Margin

142

(2)

Appendix 4A Alternative Accounting for Prepaids

144

(24)

Completing the Accounting Cycle

168

(44)

Closing Process

170

(4)

Temporary and Permanent Accounts

170

(1)

Recording Closing Entries

170

(4)

Post-Closing Trial Balance

174

(1)

Work Sheet as a Tool

174

(8)

Benefits of a Work Sheet

176

(1)

Using a Work Sheet

176

(4)

Statement of Cash Flows

180

(1)

Reviewing the Accounting Cycle

181

(1)

Classified Balance Sheet

182

(3)

Classification Structure

182

(1)

Classification Categories

183

(2)

Using the Information---Current Ratio

185

(3)

Appendix 5A Reversing Entries

188

(24)

Accounting for Merchandising Activities

212

(48)

Merchandising Activities

214

(3)

Reporting Financial Performance

214

(1)

Reporting Financial Condition

215

(1)

Operating Cycle

215

(1)

Inventory Systems

216

(1)

Merchandise Purchases

217

(6)

Trade Discounts

218

(1)

Purchase Discounts

218

(1)

Managing Discounts

219

(1)

Purchase Returns and Allowances

220

(1)

Discounts and Returns

221

(1)

Transportation Costs

221

(1)

Transfer of Ownership

221

(1)

Recording Purchases Information

222

(1)

Merchandise Sales

223

(3)

Sales Transactions

223

(1)

Sales Discounts

224

(1)

Sales Returns and Allowances

225

(1)

Additional Merchandising Issues

226

(4)

Cost and Price Adjustments

226

(1)

Adjusting Entries

227

(1)

Closing Entries

228

(1)

Merchandising Cost Flows

229

(1)

Merchandising Cost Accounts

229

(1)

Income Statement Formats

230

(2)

Multiple-Step Income Statement

230

(1)

Single-Step Income Statement

230

(1)

Merchandising Cash Flows

231

(1)

Using the Information---Acid-Test and Gross Margin

232

(5)

Appendix 6A Comparing Periodic and Perpetual Inventory Systems

237

(23)

Merchandise Inventories and Cost of Sales

260

(40)

Assigning Costs to Inventory

262

(4)

Specific Identification

263

(1)

First-In, First-Out

264

(1)

Last-In, First-Out

265

(1)

Weighted Average

265

(1)

Inventory Costing and Technology

265

(1)

Inventory Analysis and Effects

266

(4)

Financial Reporting

266

(1)

Tax Reporting

267

(1)

Consistency in Reporting

268

(1)

Errors in Reporting Inventory

268

(2)

Inventory Items and Costs

270

(3)

Items in Merchandise Inventory

270

(1)

Costs of Merchandise Inventory

271

(1)

Physical Count of Merchandise Inventory

271

(1)

Subsidiary Inventory Records

272

(1)

Other Inventory Valuations

273

(4)

Lower of Cost or Market

273

(1)

Retail Inventory Method

274

(1)

Gross Profit Method

275

(2)

Using the Information---Inventory Turnover and Days' Sales in Inventory

277

(6)

Appendix 7A Assigning Costs to Inventory---Periodic System

283

(17)

Accounting Information Systems

300

(52)

Fundamental System Principles

302

(1)

Control Principle

302

(1)

Relevance Principle

302

(1)

Compatibility Principle

302

(1)

Flexibility Principle

302

(1)

Cost-Benefit Principle

303

(1)

Components of Accounting Systems

303

(2)

Source Documents

303

(1)

Input Devices

303

(1)

Information Processor

304

(1)

Information Storage

304

(1)

Output Devices

304

(1)

Special Journals in Accounting

305

(11)

Basics of Special Journals

305

(1)

Subsidiary Ledgers

306

(1)

Sales Journal

307

(4)

Cash Receipts Journal

311

(2)

Purchases Journal

313

(2)

Cash Disbursements Journal

315

(1)

General Journal Transactions

316

(1)

Technology-Based Accounting Systems

316

(3)

Computer Technology in Accounting

317

(1)

Data Processing in Accounting

317

(1)

Computer Networks in Accounting

318

(1)

Enterprise Resource Planning Software

318

(1)

Using the Information---Business Segments

319

(5)

Appendix 8A Special Journals under a Periodic System

324

(28)

Cash and Internal Control

352

(42)

Internal Control

354

(4)

Purpose of Internal Control

354

(1)

Principles of Internal Control

354

(2)

Technology and Internal Control

356

(1)

Limitations of Internal Control

357

(1)

Control of Cash

358

(8)

Cash, Cash Equivalents, and Liquidity

358

(1)

Control of Cash Receipts

359

(2)

Control of Cash Disbursements

361

(5)

Banking Activities as Controls

366

(7)

Basic Bank Services

366

(1)

Electronic Funds Transfer

367

(1)

Bank Statement

367

(2)

Bank Reconciliation

369

(4)

Using the Information---Days' Sales Uncollected

373

(2)

Appendix 9A Document Flow in a Voucher System

375

(19)

Receivables and Short-Term Investments

394

(42)

Accounts Receivable

396

(11)

Recognizing Accounts Receivable

396

(3)

Valuing Accounts Receivable

399

(1)

Direct Write-Off Method

400

(1)

Allowance Method

401

(2)

Estimating Bad Debts Expense

403

(4)

Installment Accounts Receivable

407

(1)

Notes Receivable

407

(4)

Computations for Notes

408

(1)

Receipt of a Note

409

(1)

Honoring and Dishonoring a Note

409

(1)

End-of-Period Interest Adjustment

410

(1)

Converting Receivables to Cash before Maturity

411

(2)

Selling Accounts Receivable

411

(1)

Pledging Accounts Receivable

411

(1)

Discounting Notes Receivable

411

(2)

Short-Term Investments

413

(3)

Accounting for Short-Term Investments

413

(1)

Valuing and Reporting Short-Term Investments

414

(2)

Using the Information---Accounts Receivable Turnover

416

(20)

Plant Assets, Natural Resources, and Intangibles

436

(44)

Section 1---Plant Assets

438

(1)

Cost of Plant Assets

439

(2)

Land

439

(1)

Land Improvements

440

(1)

Buildings

440

(1)

Machinery and Equipment

440

(1)

Lump-Sum Purchase

440

(1)

Depreciation

441

(8)

Factors in Computing Depreciation

441

(1)

Depreciation Methods

442

(5)

Partial Year Depreciation

447

(1)

Revising Depreciation

447

(1)

Reporting Depreciation

448

(1)

Revenue and Capital Expenditures

449

(1)

Ordinary Repairs

449

(1)

Betterments and Extraordinary Repairs

450

(1)

Disposals of Plant Assets

450

(4)

Discarding Plant Assets

451

(1)

Selling Plant Assets

451

(1)

Exchanging Plant Assets

452

(2)

Section 2---Natural Resources

454

(1)

Acquisition and Depletion

454

(1)

Plant Assets Used in Extracting Resources

455

(1)

Section 3---Intangible Assets

455

(4)

Accounting for Intangible Assets

455

(1)

Patents

456

(1)

Copyrights

456

(1)

Leaseholds

456

(1)

Leasehold Improvements

457

(1)

Franchises and Licenses

457

(1)

Goodwill

457

(2)

Trademarks and Trade Names

459

(1)

Cash Flow Impacts of Long-Term Assets

459

(1)

Using the Information---Total Asset Turnover

459

(21)

Current Liabilities

480

(46)

Characteristics of Liabilities

482

(2)

Defining Liabilities

482

(1)

Classifying Liabilities

482

(1)

Uncertainty in Liabilities

483

(1)

Known (Determinable) Liabilities

484

(8)

Accounts Payable

484

(1)

Sales Taxes Payable

484

(1)

Unearned Revenues

484

(1)

Short-Term Notes Payable

485

(4)

Payroll Liabilities

489

(3)

Estimated Liabilities

492

(4)

Health and Pension Benefits

492

(1)

Vacation Pay

493

(1)

Bonus Plans

493

(1)

Warranty Liabilities

493

(1)

Income Tax Liabilities

494

(1)

Deferred Income Tax Liabilities

495

(1)

Contingent Liabilities

496

(1)

Accounting for Contingent Liabilities

496

(1)

Reasonably Possible Contingent Liabilities

496

(1)

Long-Term Liabilities

497

(1)

Known Long-Term Liabilities

497

(1)

Estimated Long-Term Liabilities

498

(1)

Contingent Long-Term Liabilities

498

(1)

Using the Information---Times Interest Earned

498

(4)

Appendix 12A Payroll Reports, Records, and Procedures

502

(24)

Partnerships

526

(28)

Partnership Form of Organization

528

(3)

Characteristics of Partnerships

528

(1)

Organizations with Partnership Characteristics

529

(1)

Choosing a Business Form

530

(1)

Basic Partnership Accounting

531

(4)

Organizing a Partnership

531

(1)

Dividing Income or Loss

532

(2)

Partnership Financial Statements

534

(1)

Admission and Withdrawal of Partners

535

(3)

Admission of a Partner

535

(1)

Withdrawal of a Partner

536

(2)

Death of Partner

538

(1)

Liquidation of a Partnership

538

(2)

No Capital Deficiency

538

(1)

Capital Deficiency

539

(1)

Using the Information---Partner Return on Equity

540

(14)

Equity Transactions and Corporate Reporting

554

(60)

Corporate Form of Organization

556

(2)

Characteristics of Corporations

556

(1)

Organizing and Managing a Corporation

557

(1)

Stock of a Corporation

558

(4)

Basics of Capital Stock

559

(3)

Common Stock

562

(2)

Issuing Par Value Stock

562

(1)

Issuing No-Par Value Stock

563

(1)

Issuing Stated Value Stock

563

(1)

Issuing Stock for Noncash Assets

563

(1)

Preferred Stock

564

(4)

Issuing Preferred Stock

565

(1)

Dividend Preference

565

(2)

Convertible Preferred Stock

567

(1)

Callable Preferred Stock

567

(1)

Motivation for Preferred Stock

567

(1)

Dividends

568

(5)

Cash Dividends

568

(2)

Stock Dividends

570

(2)

Stock Splits

572

(1)

Treasury Stock

573

(3)

Purchasing Treasury Stock

573

(1)

Reissuing Treasury Stock

574

(1)

Retiring Stock

575

(1)

Reporting Income Information

576

(5)

Continuing Operations

576

(1)

Discontinued Segments

576

(1)

Extraordinary Items

576

(2)

Changes in Accounting Principles

578

(1)

Earnings per Share

579

(2)

Stock Options

581

(1)

Retained Earnings

581

(2)

Restricted Retained Earnings

582

(1)

Appropriated Retained Earnings

582

(1)

Prior Period Adjustments

582

(1)

Changes in Accounting Estimates

583

(1)

Statement of Changes in Stockholders' Equity

583

(1)

Using the Information---Book Value per Share, Dividend Yield, and Price-Earnings Ratio

583

(31)

Long-Term Liabilities

614

(46)

Basics of Bonds

616

(3)

Bond Financing

616

(1)

Types of Bonds

617

(1)

Bond Trading

618

(1)

Bond-Issuing Procedures

619

(1)

Bond Issuances

619

(11)

Issuing Bonds at Par

619

(1)

Bond Discount or Premium

620

(1)

Issuing Bonds at a Discount

621

(1)

Amortizing a Bond Discount

621

(3)

Issuing Bonds at a Premium

624

(1)

Amortizing a Bond Premium

625

(2)

Issuing Bonds between Interest Dates

627

(1)

Accruing Bond Interest Expense

628

(1)

Bond Pricing

629

(1)

Bond Retirement

630

(1)

Bond Retirement at Maturity

630

(1)

Bond Retirement before Maturity

630

(1)

Bond Retirement by Conversion

631

(1)

Long-Term Notes Payable

631

(7)

Interest-Bearing Notes

632

(1)

Noninterest-Bearing Notes

633

(1)

Installment Notes

634

(3)

Mortgage Notes

637

(1)

Using the Information---Pledged Assets to Secured Liabilities

638

(3)

Appendix 15A Present Values of Bonds and Notes

641

(3)

Appendix 15B Leases and Pensions

644

(16)

Long-Term Investments and International Transactions

660

(30)

Classifying Investments

662

(1)

Short-Term versus Long-Term Investments

662

(1)

Classes of Long-Term Investments

662

(1)

Long-Term Investments in Securities

663

(1)

Held-to-Maturity Securities

663

(6)

Available-for-Sale Securities

664

(2)

Investment in Equity Securities with Significant Influence

666

(2)

Investment in Equity Securities with Controlling Influence

668

(1)

Accounting Summary for Investments in Securities

669

(1)

Investments in International Operations

669

(2)

Exchange Rates between Currencies

669

(1)

Sales and Purchases Listed in a Foreign Currency

670

(1)

Consolidated Statements with International Subsidiaries

671

(1)

Comprehensive Income

671

(1)

Using the Information---Components of Return on Total Assets

672

(18)

Reporting and Analyzing Cash Flows

690

(50)

Basics of Cash Flow Reporting

692

(7)

Purpose of the Statement of Cash Flows

692

(1)

Importance of Cash Flows

692

(1)

Measuring Cash Flows

693

(1)

Classifying Cash Flows

693

(1)

Noncash Investing and Financing

694

(2)

Format of the Statement of Cash Flows

696

(1)

Preparing the Statement of Cash Flows

696

(3)

Cash Flows from Operating

699

(13)

Reporting Operating Cash Flows

699

(2)

Direct Method of Reporting

701

(5)

Indirect Method of Reporting

706

(6)

Cash Flows from Investing

712

(2)

Analysis of Noncurrent Assets

712

(1)

Analysis of Other Assets

713

(1)

Cash Flows from Financing

714

(2)

Analysis of Noncurrent Liabilities

714

(1)

Analysis of Equity

715

(1)

Proving Cash Balances

716

(1)

Using the Information---Cash Flow Analysis

716

(5)

Appendix 17A Spreadsheet Preparation of the Statement of Cash Flows

721

(19)

Analysis of Financial Statements

740

(44)

Basics of Analysis

742

(3)

Purpose of Analysis

742

(1)

Building Blocks of Analysis

742

(1)

Information for Analysis

743

(1)

Standards for Comparison

744

(1)

Tools for Analysis

744

(1)

Horizontal Analysis

745

(4)

Comparative Statements

745

(3)

Trend Analysis

748

(1)

Vertical Analysis

749

(5)

Common-Size Statements

750

(1)

Common-Size Graphics

750

(4)

Ratio Analysis

754

(10)

Liquidity and Efficiency

754

(4)

Solvency

758

(2)

Profitability

760

(1)

Market Prospects

761

(1)

Summary of Ratios

762

(2)

Using the Information---Analysis Reporting

764

(20)

Managerial Accounting Concepts and Principles

784

(42)

Introduction to Managerial Accounting

786

(5)

Purpose of Managerial Accounting

786

(1)

Nature of Managerial Accounting

787

(2)

Decision-Making Focus

789

(1)

Increased Relevance of Managerial Accounting

789

(2)

Cost Accounting Concepts

791

(3)

Classification by Behavior

791

(1)

Classification by Traceability

791

(1)

Classification by Controllability

792

(1)

Classification by Relevance

792

(1)

Classification by Function

792

(1)

Identifying Cost Classification

793

(1)

Cost Concepts for Service Companies

794

(1)

Reporting Manufacturing Activities

794

(8)

Manufacturer's Balance Sheet

794

(2)

Manufacturer's Income Statement

796

(3)

Flow of Manufacturing Activities

799

(1)

Manufacturing Statement

800

(2)

Using the Information---Unit Contribution Margin

802

(24)

Job Order Cost Accounting

826

(38)

The Inventory System and Accounting for Costs

828

(1)

General Accounting System

828

(1)

Cost Accounting System

828

(1)

Job Order Cost Accounting

828

(11)

Job Order Manufacturing

828

(2)

Job Order Cost Sheet

830

(1)

Materials Cost Flows and Documents

831

(2)

Labor Cost Flows and Documents

833

(2)

Overhead Cost Flows and Documents

835

(1)

Summary of Manufacturing Cost Flows

836

(3)

Adjusting Overapplied and Underapplied Overhead

839

(1)

Underapplied Overhead

840

(1)

Overapplied Overhead

840

(1)

Using the Information---Pricing for Services

840

Appendix 20A* General Accounting System for Manufacturing Activities

Process Cost Accounting

864

(2)

Process Operations

866

(1)

Comparing Job Order and Process Operations

866

(3)

Organization of Process Operations

867

(1)

GenX Company---An Illustration

867

(2)

Process Cost Accounting

869

(4)

Direct and Indirect Costs

869

(1)

Accounting for Materials Costs

870

(1)

Accounting for Labor Costs

871

(1)

Accounting for Factory Overhead

871

(2)

Equivalent Units of Production

873

(1)

Accounting for Goods in Process

873

(1)

Differences between Equivalent Units for Materials and for Labor and Overhead

874

(1)

Accounting for First (Grinding) Department

874

(7)

Physical Flow of Units

875

(1)

Equivalent Units of Production

875

(2)

Cost per Equivalent Unit

877

(1)

Cost Reconciliation

877

(1)

Process Cost Summary

878

(1)

Transfers between Departments

879

(2)

Accounting for Second (Mixing) Department

881

(2)

Equivalent Units of Production

881

(2)

Process Cost Summary

883

(1)

Transfers to Finished Goods Inventory and Cost of Goods Sold

883

(2)

Summary of Cost Flows

884

(1)

Lean Business Model and Process Operations

884

(1)

Using the Information---Hybrid Costing System

885

(21)

Cost Allocation and Performance Measurement

906

(40)

Overhead Cost Allocation Methods

908

(5)

Two-Stage Cost Allocation

908

(1)

Activity-Based Costing

909

(4)

Departmental Accounting

913

(2)

Motivation for Departmentalization

913

(1)

Departmental Evaluation

914

(1)

Departmental Reporting and Analysis

914

(1)

Departmental Expense Allocation

915

(6)

Direct and Indirect Expenses

915

(1)

Allocation of Indirect Expenses

916

(1)

Departmental Income Statements

917

(3)

Departmental Contribution to Overhead

920

(1)

Responsibility Accounting

921

(5)

Controllable versus Direct Costs

922

(1)

Responsibility Accounting System

922

(2)

Joint Costs

924

(2)

Using the Information---Return on Total Assets by Investment Centers

926

(20)

Cost-Volume-Profit Analysis

946

(32)

Identifying Cost Behavior

948

(3)

Fixed Costs

948

(1)

Variable Costs

949

(1)

Mixed Costs

949

(1)

Step-Wise Costs

949

(1)

Curvilinear Costs

950

(1)

Measuring Cost Behavior

951

(2)

Scatter Diagrams

951

(1)

High-Low Method

952

(1)

Least-Squares Regression

952

(1)

Comparing Cost Estimation Methods

953

(1)

Break-Even Analysis

953

(4)

Computing Break-Even Point

953

(2)

Preparing a Cost-Volume-Profit Chart

955

(1)

Assumptions of Cost-Volume-Profit Analysis

956

(1)

Applying Cost-Volume-Profit Analysis

957

(5)

Computing Income from Sales and Costs

957

(1)

Computing Sales for a Target Income

958

(1)

Computing the Margin of Safety

959

(1)

Sensitivity Analysis

959

(1)

Computing Multiproduct Break-Even Point

960

(2)

Using the Information---Operating Leverage

962

(16)

Master Budgets and Planning

978

(38)

Budgeting Process

980

(1)

Analysis and Future Focus

980

(1)

Basis for Evaluation

980

(1)

Employee Motivation

980

(1)

Coordination of Activities

981

(1)

Communication of Plans

981

(1)

Budget Administration

981

(3)

Budget Committee

981

(1)

Budget Reporting

982

(1)

Budget Timing

983

(1)

Master Budget

984

(10)

Master Budget Components

984

(2)

Operating Budgets

986

(3)

Capital Expenditures Budget

989

(1)

Financial Budgets

990

(4)

Using the Information---Activity-Based Budgeting

994

(5)

Appendix 24A Production and Manufacturing Budgets

999

(17)

Flexible Budgets and Standard Costs

1016

(44)

Section 1---Flexible Budgets

1018

(1)

Budgetary Process

1018

(2)

Budgetary Control and Reporting

1018

(1)

Fixed Budget Performance Report

1018

(1)

Budget Reports for Evaluation

1019

(1)

Flexible Budget Reports

1020

(3)

Purpose of Flexible Budgets

1020

(1)

Preparing Flexible Budgets

1020

(2)

Flexible Budget Performance Report

1022

(1)

Section 2---Standard Costs

1023

(1)

Materials and Labor Standards

1023

(1)

Identifying Standard Costs

1023

(1)

Setting Standard Costs

1024

(1)

Cost Variances

1024

(4)

Cost Variance Analysis

1025

(1)

Computing Cost Variances

1025

(1)

Materials and Labor Variances

1026

(2)

Overhead Standards and Variances

1028

(6)

Setting Overhead Standards

1028

(2)

Overhead Cost Variance Analysis

1030

(1)

Computing Overhead Cost Variances

1031

(3)

Extending Standard Costs

1034

(2)

Standard Costs for Control

1034

(1)

Standard Costs for Services

1034

(1)

Standard Cost Accounting System

1034

(2)

Using the Information---Sales Variances

1036

(24)

Capital Budgeting and Managerial Decisions

1060

(2)

Section 1---Capital Budgeting

1062

(1)

Methods Not Using Time Value of Money

1062

(4)

Payback Period

1062

(3)

Accounting Rate of Return

1065

(1)

Methods Using Time Value of Money

1066

(6)

Net Present Value

1066

(3)

Internal Rate of Return

1069

(2)

Comparing Capital Budgeting Methods

1071

(1)

Section 2---Managerial Decisions

1072

(1)

Decisions and Information

1072

(1)

Decision Making

1072

(1)

Relevant Costs

1072

(1)

Managerial Decision Tasks

1073

(7)

Additional Business

1073

(2)

Make or Buy

1075

(1)

Scrap or Rework

1075

(1)

Sell or Process

1076

(1)

Selecting Sales Mix

1077

(1)

Eliminating a Segment

1078

(1)

Qualitative Decision Factors

1079

(1)

Using the Information---Break-Even Time

1080

Appendix A Financial Statement Information

(1)

Nike

(9)

Reebok

(4)

Gap

Appendix B Present and Future Values

(1)

Credits

(1)

Index

(1)

Chart of Accounts

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Fundamental Accounting Principles

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