About the Authors
Preface
Brief Contents
Contents
Chapter 1: Introducing Financial Accounting
Demand for Accounting Information
Financial Reporting Environment
Analyzing Financial Statements
Appendix 1A: Conceptual Framework for Financial Reporting
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 2: Constructing Financial Statements
Reporting Financial Condition
Reporting Financial Performance
Journalizing and Posting Transactions
Analyzing Financial Statements
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 3: Adjusting Accounts for Financial Statements
Analyzing, Recording, and Posting
Constructing Financial Statements from Adjusted Accounts
Closing Temporary Accounts
Summarizing the Accounting Cycle
Financial Statement Analysis
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 4: Reporting and Analyzing Cash Flows
Purpose of the Statement of Cash Flows
Framework for the Statement of Cash Flows
Preparing the Statement of Cash Flows-Operating Activities
Preparing the Statement of Cash Flows-Investing and Financing Activities
Additional Detail in the Statement of Cash Flows
Analyzing Financial Statements
Appendix 4A: A Spreadsheet Approach to Preparing the Statement of Cash Flows
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 5: Analyzing and Interpreting Financial Statements
Vertical and Horizontal Analysis
Appendix 5A: Analyzing and Interpreting Core Operating Activities
Appendix 5B: Financial Statement Forecasts
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 6: Reporting and Analyzing Revenues, Receivables, and Operating Income
Reporting Operating Income
Reporting Accounts Receivable
Analyzing Financial Statements
Appendix 6A: Reporting Nonrecurring Items
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 7: Reporting and Analyzing Inventory
Reporting Operating Expenses
Inventory Costing Methods
Financial Statement Effects and Disclosure
Analyzing Financial Statements
Appendix 7A: LIFO Liquidation
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 8: Reporting and Analyzing Long-Term Operating Assets
Property, Plant, and Equipment (PPE)
Analyzing Financial Statements
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 9: Reporting and Analyzing Liabilities
Analyzing Financial Statements
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Solutions to Review Problems
Chapter 7: Reporting and Analyzing Inventory
Reporting Operating Expenses
Inventory Costing Methods
Financial Statement Effects and Disclosure
Analyzing Financial Statements
Appendix 7A: LIFO Liquidation
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 8: Reporting and Analyzing Long-Term Operating Assets
Property, Plant, and Equipment (PPE)
Analyzing Financial Statements
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 9: Reporting and Analyzing Liabilities
Analyzing Financial Statements
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 10: Reporting and Analyzing Leases, Pensions, Income Taxes, and Commitments and Contingencies
Accounting For Income Taxes
Commitments and Contengencies and Other Disclosures
Analyzing Financial Statements
Guidance Answers . . . You Make The Call
Solutions to Review Problems
Chapter 10: Reporting and Analyzing Leases, Pensions, Income Taxes, and Commitments and Contingencies
Accounting For Income Taxes
Commitments and Contengencies and Other Disclosures
Analyzing Financial Statements
Guidance Answers . . . You Make The Call
Solutions to Review Problems
Chapter 11: Reporting and Analyzing Stockholders’ Equity
Analyzing Financial Statements
Appendix 11A: Dilutive Securities: Accounting for Convertible Securities, Stock Options, and Restricted Stock
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 12: Reporting and Analyzing Financial Investments
Fair Value: An Introduction
Passive Investments in Debt Securities
Passive Investments in Equity Securities
Investments with Significant Influence
Financial Statement Analysis
Appendix 12A: Equity Method Mechanics
Appendix 12B: Consolidation Accounting Mechanics
Appendix 12C: Accounting for Investments in Derivatives
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Appendix A: Compound Interest and the TimeValue of Money
Using Excel to Compute Time-Value
Appendix B: Data Analytics and Blockchain Technology
Video Resources For Tableau
Index
