Financial Accounting
I
Brief Contents
3
Chapter
1
Introducing Financial Accounting
Chapter
2
Constructing Financial Statements
Chapter
3
Adjusting Accounts for Financial Statements
Chapter
4
Reporting and Analyzing Cash Flows
Chapter
5
Analyzing and Interpreting Financial Statements
Chapter
6
Reporting and Analyzing Revenues and Receivables
Chapter
7
Reporting and Analyzing Inventory
Chapter
8
Reporting and Analyzing Long-Term Operating Assets
Chapter
9
Reporting and Analyzing Liabilities
Chapter
10
Reporting and Analyzing Leases, Pensions, and Income Taxes
Chapter
11
Reporting and Analyzing Stockholders' Equity
Chapter
12 Reporting and Analyzing Intercorporate Investments
Appendix A:
Time-Value of Money
Glossary
Index
39
95
151
205
257
305
351
389
435
489
537
592
601
611
xiii
I Index
AbouttheAuthors
Preface iv
BriefContents xiii
Key Terms 28
Multiple Choice 29
Discussion Questions 29
Mini Exercises 30
Exercises 31
Problems 32
Cases and Projects 34
Solutions to Review Problems
iii
Chapter
1
36
Introducing Financial
Accounting 3
Nike 3
Demand for Accounting Information 4
Who Uses FinancialAccounting Information? 5
Costs and Benefits of Disclosure 7
Business Activities 7
PlanningActivities 8
Investing Activities 8
Financing Activities 9
Operating Activities 10
Financial statements
11
Balance Sheet 12
Income statement 12 statement of stockholders' Equity 13 statement of Cash Flows 14
Financialstatement Linkages 15
Information Beyond FinancialStatements 15
Mid-Chapter Review 16
Financial Reporting Environment 17
Generally Accepted Accounting Principles 17
RegUlationand Oversight 18
Role of the Auditor 19
A Global Perspective 20
Financial statement Analysis 20
ProfitabilityAnalysis 21
CredITRiskAnalysis 22
Chapter-End Review 23
Appendix 1A: Conceptual Framework for Financial
Brief Contents
3
Chapter
1
Introducing Financial Accounting
Chapter
2
Constructing Financial Statements
Chapter
3
Adjusting Accounts for Financial Statements
Chapter
4
Reporting and Analyzing Cash Flows
Chapter
5
Analyzing and Interpreting Financial Statements
Chapter
6
Reporting and Analyzing Revenues and Receivables
Chapter
7
Reporting and Analyzing Inventory
Chapter
8
Reporting and Analyzing Long-Term Operating Assets
Chapter
9
Reporting and Analyzing Liabilities
Chapter
10
Reporting and Analyzing Leases, Pensions, and Income Taxes
Chapter
11
Reporting and Analyzing Stockholders' Equity
Chapter
12 Reporting and Analyzing Intercorporate Investments
Appendix A:
Time-Value of Money
Glossary
Index
39
95
151
205
257
305
351
389
435
489
537
592
601
611
xiii
I Index
AbouttheAuthors
Preface iv
BriefContents xiii
Key Terms 28
Multiple Choice 29
Discussion Questions 29
Mini Exercises 30
Exercises 31
Problems 32
Cases and Projects 34
Solutions to Review Problems
iii
Chapter
1
36
Introducing Financial
Accounting 3
Nike 3
Demand for Accounting Information 4
Who Uses FinancialAccounting Information? 5
Costs and Benefits of Disclosure 7
Business Activities 7
PlanningActivities 8
Investing Activities 8
Financing Activities 9
Operating Activities 10
Financial statements
11
Balance Sheet 12
Income statement 12 statement of stockholders' Equity 13 statement of Cash Flows 14
Financialstatement Linkages 15
Information Beyond FinancialStatements 15
Mid-Chapter Review 16
Financial Reporting Environment 17
Generally Accepted Accounting Principles 17
RegUlationand Oversight 18
Role of the Auditor 19
A Global Perspective 20
Financial statement Analysis 20
ProfitabilityAnalysis 21
CredITRiskAnalysis 22
Chapter-End Review 23
Appendix 1A: Conceptual Framework for Financial