Financial Accounting Spiceland • 3rd Edition • 978-1259112768

Ch. 1 - Accounting Information and Decision Making

Welcome! Types of Accounting Business Organization Useful Information Fundamental Accounting Equation The Financial Statements Sample Financial Statements - Coca Cola

Ch. 2 - The Accounting Information System

Journal Entries: Debits and Credits Accounting Flow Intuition: BASE Formula Journal Entries: Business Formation Example Trial Balance

Ch. 3 - The Financial Reporting Process

Classified Balance Sheet Components Accrual Accounting vs. Cash Basis Accounting Revenue Recognition and Expense Recognition Introduction to Adjusting Journal Entries and Prepaid Expenses Adjusting Entries: Supplies Adjusting Entries: Unearned Revenue Adjusting Entries: Accrued Expenses Adjusting Entries: Accrued Revenues Adjusting Entries: Depreciation Summary of Adjusting Entries Unadjusted vs Adjusted Trial Balance Closing Entries Post-Closing Trial Balance

Ch. 4 - Cash and Internal Controls

Fraud and the Fraud Triangle Sarbanes-Oxley Act Five Components of Internal Controls Principles of Control Activities Limitations of Internal Controls Petty Cash Bank Reconciliation Journal Entries for Bank Reconciliation

Ch. 5 - Receivables and Sales

Net Sales Types of Receivables Net Accounts Receivable: Direct Write-off Method Net Accounts Receivable: Allowance for Doubtful Accounts Net Accounts Receivable: Percentage of Sales Method Net Accounts Receivable: Aging of Receivables Method Notes Receivable Introduction to Ratios Ratios: Accounts Receivable (AR) Turnover Ratios: Average Collection Period (Days Sales Outstanding)

Ch. 6 - Inventory and Cost of Goods Sold

Service Company vs. Merchandising Company Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory Perpetual Inventory - Purchases Perpetual Inventory - Freight Costs Perpetual Inventory - Purchase Discounts Perpetual Inventory - Purchasing Summary Periodic Inventory - Purchases Periodic Inventory - Freight Costs Periodic Inventory - Purchase Discounts Periodic Inventory - Purchasing Summary Single-step Income Statement Multi-step Income Statement Merchandising Company vs. Manufacturing Company Specific Identification Periodic Inventory - FIFO, LIFO, and Average Cost Perpetual Inventory - FIFO, LIFO, and Average Cost Financial Statement Effects of Inventory Costing Methods Lower of Cost or Market Ratios: Inventory Turnover Ratios: Average Days in Inventory Ratios: Gross Profit Rate

Ch. 7 - Long-term Assets

Initial Cost of Long Lived Assets Basket (Lump-sum) Purchases Ordinary Repairs vs. Capital Improvements Depreciation: Straight Line Depreciation: Declining Balance Depreciation: Units-of-Activity Depreciation: Summary of Main Methods Depreciation for Partial Years Retirement of Plant Assets (No Proceeds) Sale of Plant Assets Change in Estimate: Depreciation Intangible Assets and Amortization Natural Resources and Depletion Asset Impairments Exchange for Similar Assets Ratios: Return on Assets (ROA) Ratios: Total Asset Turnover Ratios: Profit Margin x Asset Turnover = Return On Assets

Ch. 8 - Current Liabilities

Types of Liabilities Notes Payable Payroll and Payroll Taxes Sales Tax Payable Current Portion of Long Term Debt Contingent Liabilities Estimated Liabilities: Warranties Ratios: Working Capital and the Current Ratio Ratios: Quick (Acid Test) Ratio

Ch. 9 - Long-term Liabilities

Introduction to Bonds and Bond Characteristics Face Value Bonds Discount on Bonds Premium on Bonds Redeeming Bonds before Maturity Ratios: Debt to Equity Ratio Ratios: Return on Assets (ROA) Ratios: Times Interest Earned (TIE) Ratios: Return on Equity (ROE)

Ch. 10 - Stockholders' Equity

Characteristics of a Corporation Shares Authorized, Issued, and Outstanding Issuing Par Value Stock Issuing No Par Value Stock Retained Earnings Preferred Stock Treasury Stock Dividends and Dividend Preferences Stock Dividends Stock Splits Ratios: Return on Equity (ROE) Ratios: Earnings Per Share (EPS) Ratios: Price-Earnings Ratio (PE Ratio)

Ch. 11 - Statement of Cash Flows

Introduction to the Statement of Cash Flows Operating Activities: Indirect Method Operating Activities: Direct Method Investing Activities Financing Activities Significant Noncash Activities Ratios: Cash Return on Assets

Ch. 12 - Financial Statement Analysis

Horizontal Analysis Vertical Analysis Discontinued Operations and Extraordinary Items Introduction to Ratios Ratios: Accounts Receivable (AR) Turnover Ratios: Average Collection Period (Days Sales Outstanding) Ratios: Inventory Turnover Ratios: Average Days in Inventory Ratios: Working Capital and the Current Ratio Ratios: Quick (Acid Test) Ratio Ratios: Debt to Equity Ratio Ratios: Times Interest Earned (TIE) Ratios: Gross Profit Rate Ratios: Return on Assets (ROA) Ratios: Profit Margin Ratios: Total Asset Turnover Ratios: Return on Equity (ROE) Ratios: Price-Earnings Ratio (PE Ratio) Ratios: Quality of Earnings Ratio

End Of Book Appendix: Time Value of Money

Time Value of Money Equations Using Time Value of Money Tables

End Of Book Appendix: Reporting Investments

Introduction to Investments in Securities Comprehensive Income Trading Securities Available-for-Sale (AFS) Securities Held-to-Maturity (HTM) Securities

End Of Book Appendix: IFRS

GAAP vs. IFRS: Introduction GAAP vs. IFRS: Classified Balance Sheet GAAP vs. IFRS: Recording Differences GAAP vs. IFRS: Adjusting Entries GAAP vs. IFRS: Merchandising GAAP vs. IFRS: Inventory GAAP vs. IFRS: Fraud, Internal Controls, and Cash GAAP vs. IFRS: Receivables GAAP vs. IFRS: Long Lived Assets GAAP vs. IFRS: Liabilities GAAP vs. IFRS: Stockholders' Equity GAAP vs. IFRS: Statement of Cash Flows GAAP vs. IFRS: Analysis and Income Statement Presentation