Corporate Financial Accounting

Cover
Preface
Acknowledgements
About the Authors
Brief Contents
Contents
Chapter 1: Introduction to Accounting and Business
	Nature of Business and Accounting
	Generally Accepted Accounting Principles (GAAP)
	The Accounting Equation
	Business Transactions and the Accounting Equation
	Financial Statements
	Analysis for Decision Making
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 2: Analyzing Transactions
	Using Accounts to Record Transactions
	Double-Entry Accounting System
	Posting Journal Entries to Accounts
	Trial Balance
	Analysis for Decision Making
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 3: The Adjusting Process
	Nature of the Adjusting Process
	Adjusting Entries for Accruals
	Adjusting Entries for Deferrals
	Adjusting Entries for Depreciation
	Summary of Adjusting Process
	Adjusted Trial Balance
	Analysis for Decision Making
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 4: The Accounting Cycle
	Flow of Accounting Information
	Financial Statements
	Closing Entries
	Accounting Cycle
	Illustration of the Accounting Cycle
	Analysis for Decision Making
	Appendix 1 End-of-Period Spreadsheet
	Appendix 2 Reversing Entries
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 5: Accounting for Retail Businesses
	Nature of Retail Businesses
	Merchandise Transactions
	The Adjusting Process
	Financial Statements and Closing Entries for a Retail Business
	Analysis for Decision Making
	Appendix 1 Gross Method of Recording Sales Discounts
	Appendix 2 The Periodic Inventory System
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 6: Inventories
	Control of Inventory
	Inventory Cost Flow Assumptions
	Inventory Costing Methods under a Perpetual Inventory System
	Inventory Costing Methods under a Periodic Inventory System
	Comparing Inventory Costing Methods
	Reporting Inventory in the Financial Statements
	Analysis for Decision Making
	Appendix Estimating Inventory Cost
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 7: Internal Control and Cash
	Sarbanes-Oxley Act
	Internal Control
	Cash Controls over Receipts and Payments
	Bank Accounts
	Bank Reconciliation
	Special-Purpose Cash Funds
	Financial Statement Reporting of Cash
	Analysis for Decision Making
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 8: Receivables
	Classification of Receivables
	Uncollectible Receivables
	Direct Write-Off Method for Uncollectible Accounts
	Allowance Method for Uncollectible Accounts
	Comparing Direct Write-Off and Allowance Methods
	Notes Receivable
	Reporting Receivables on the Balance Sheet
	Analysis for Decision Making
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 9: Long-Term Assets: Fixed and Intangible
	Nature of Fixed Assets
	Accounting for Depreciation
	Disposal of Fixed Assets
	Natural Resources
	Intangible Assets
	Financial Reporting for Long-Term Assets: Fixed and Intangible
	Analysis for Decision Making
	Appendix Exchanging Similar Fixed Assets
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 10: Liabilities: Current, Installment Notes, and Contingencies
	Current Liabilities
	Payroll Liabilities
	Employees' Fringe Benefits
	Installment Notes
	Contingent Liabilities
	Reporting Liabilities
	Analysis for Decision Making
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 11: Liabilities: Bonds Payable
	Nature of Bonds Payable
	Accounting for Bonds Payable
	Reporting Bonds Payable
	Analysis for Decision Making
	Appendix 1 Present Value Concepts and Pricing Bonds Payable
	Computing Present Values
	Appendix 2 Effective Interest Rate Method of Amortization
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 12: Corporations: Organization, Stock Transactions, and Dividends
	Nature of a Corporation
	Paid-In Capital from Stock
	Accounting for Dividends
	Stock Splits
	Treasury Stock Transactions
	Reporting Stockholders' Equity
	Analysis for Decision Making
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 13: Statement of Cash Flows
	Reporting Cash Flows
	Cash Flows from Operating Activities-The Indirect Method
	Cash Flows from Investing Activities
	Cash Flows from Financing Activities
	Analysis for Decision Making
	Appendix 1 Spreadsheet (Work Sheet) for Statement of Cash Flows-The Indirect Method
	Appendix 2 Preparing the Statement of Cash Flows-The  Direct Method
	Make a Decision
	Take It Further
	Pathways Challenge
Chapter 14: Financial Statement Analysis
	Analyzing and Interpreting Financial Statements
	Analytical Methods
	Analyzing Liquidity
	Analyzing Solvency
	Analyzing Profitability
	Corporate Annual Reports
	Appendix 1 Unusual Items on the Income Statement
	Appendix 2 Fair Value and Comprehensive Income
	Make a Decision
	Take It Further
	Pathways Challenge
Appendix A: Interest Tables
Appendix B: Revenue Recognition
Appendix C: International Financial Reporting Standards (IFRS)
Appendix D: Investments
Appendix E: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2017 Selected Excerpts
Glossary
Index