Financial & Managerial Accounting Warren, Reeve, Duchac • 14th Edition • 978-1337119207

Ch. 1 - Introduction to Accounting and Business

Welcome! Types of Accounting Business Organization Useful Information Fundamental Accounting Equation The Financial Statements Sample Financial Statements - Coca Cola Introduction to Ratios Ratios: Debt to Equity Ratio

Ch. 2 - Analyzing Transactions

Journal Entries: Debits and Credits Accounting Flow Intuition: BASE Formula Journal Entries: Business Formation Example Trial Balance Classified Balance Sheet Components Horizontal Analysis

Ch. 3 - The Adjusting Process

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 Vertical Analysis

Ch. 4 - Completing the Accounting Cycle

Closing Entries Post-Closing Trial Balance Ratios: Working Capital and the Current Ratio

Ch. 5 - Accounting for Merchandising Businesses

Service Company vs. Merchandising Company Net Sales 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 Ratios: Total Asset Turnover

Ch. 6 - Inventories

Physical Inventory Count, Ownership of Goods, and Consigned Goods 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 Inventory Errors Ratios: Inventory Turnover Ratios: Average Days in Inventory

Ch. 7 - Sarbanes-Oxley, Internal Control, and Cash

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 Ratios: Cash to Monthly Cash Expenses

Ch. 8 - Receivables

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 Ratios: Accounts Receivable (AR) Turnover Ratios: Average Collection Period (Days Sales Outstanding)

Ch. 9 - Fixed Assets and Intangible Assets

Initial Cost of Long Lived Assets 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 Exchange for Similar Assets Ratios: Fixed Asset Turnover

Ch. 10 - Current Liabilities and Payroll

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

Ch. 11 - Corporations: Organization, Stock Transactions, and Dividends

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: Earnings Per Share (EPS)

Ch. 12 - Long-Term Liabilities: Bonds and Notes

Introduction to Bonds and Bond Characteristics Face Value Bonds Discount on Bonds Premium on Bonds Straight Line Amortization of Bond Premium or Discount Redeeming Bonds before Maturity Ratios: Times Interest Earned (TIE) Time Value of Money Equations Using Time Value of Money Tables Effective Interest Amortization of Bond Premium or Discount

Ch. 13 - Investments and Fair Value Accounting

Introduction to Investments in Securities Comprehensive Income Trading Securities Available-for-Sale (AFS) Securities Held-to-Maturity (HTM) Securities Equity Method Ratios: Dividend Yield Ratio

Ch. 14 - 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: Free Cash Flow Ratios: Working Capital and the Current Ratio

Ch. 15 - Financial Statement Analysis

Horizontal Analysis Vertical Analysis Common-sized Statements Discontinued Operations and Extraordinary Items Introduction to Ratios Ratios: Working Capital and the Current Ratio Ratios: Quick (Acid Test) Ratio Ratios: Accounts Receivable (AR) Turnover Ratios: Average Collection Period (Days Sales Outstanding) Ratios: Inventory Turnover Ratios: Average Days in Inventory Ratios: Debt to Equity Ratio Ratios: Times Interest Earned (TIE) Ratios: Total Asset Turnover Ratios: Return on Assets (ROA) Ratios: Return on Equity (ROE) Ratios: Earnings Per Share (EPS) Ratios: Price-Earnings Ratio (PE Ratio) Ratios: Dividend Yield Ratio