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Financial Accounting, for Baruch College

Financial Accounting, for Baruch College
Used Book; Financial Accounting, for Baruch College

Business Decisions
Accounting: The Language of Business
Decision: An Information System or a Valuation System?
Who Uses Accounting Information?
Financial Accounting and Management Accounting
Ethics in Accounting and Business
Decision: How to Organize a Business How to Do Accounting: Principles and Concepts
The Entity Concept
The Reliability Principle The Cost Principle
The Going-Concern Concept
The Stable-Monetary-Unit Concept The Accounting Equation
Assets and Liabilities
Owners' Equity
The Financial Statements
The Income Statement: Measuring Operating Performance
Statement of Retained Earnings
The Balance Sheet: Measuring Financial Position The Statement of Cash
Flows: Measuring Cash Receipts and Payments
Relationships Among the Financial Statements
Decision: Which Company to Invest In?
Electronic Analysis of Financial Statements Business-to-Business (B2B)
Accounting




Processing Accounting Information

The Account Assets
Liabilities
Stockholders' (Owners') Equity
Dedsion: Why Does the Type of Accounting System Matter?
Accounting for Business Transactions Transactions and Finandal
Statements

Double-Entry Accounting The T-Account
Increases and Decreases in the Accounts Additional Stockholders' Equity Accounts:
Revenues and Expenses
Recording Transactions
Copying Information (Posting) from Journal to Ledger
The Flow of Accounting Data: From Theory to Practice
Accounts after Posting The Trial Balance
Decision: Air & Sea Travel Needs a Loan Correcting Accounting Errors
Chart of Accounts
The Normal Balance of an Account Account Formats
Quick Decision Making


Accrual Accounting and the Financial Statements


Accrual Accounting Versus Cash Basis Accounting
Dedsion: Which System Is BetterAccrual or Cash-Basis Accounting?
Accrual Accounting and Cash Flows The Time-Period Concept
The Revenue Prindple
The Matching Prindple
Ethical Issues in Accrual Accounting
Dedsion: Earnings Management and Cookie Jar Reserves
Updating the Accounts: The Adjustment Process
Which Accounts Need to Be Updated (Adjusted)?
Categories of Adjusting Entries Prepaid Expenses
Depreciation of Plant Assets Accrued Expenses III Accrued Revenues
Unearned Revenues


Summary of the Adjusting Process The Adjusted 1iial Balance
Preparing the Financial Statements


Decision: Which Accounts Need to be Closed?
Classifying Assets and Liabilities
Reporting Assets and Liabilities: Best Buy Co.
Comparing Income Statements: Vodafone and Best Buy
Formats for the Financial Statements Balance Sheet Formats
Income Statement Formats
Decision Making: Using Accounting Ratios Current Ratio
Debt Ratio


Receivables and Short- Term Investments

Short-Term Investments
Trading Investments
Reporting Short Term Investments on the Balance Sheet and Revenues,
Gains, and Losses on the Income Statement
Mid-Chapter Summary Problem for Your Review


Accounts and Notes Receivable Types of Receivables
Establishing Internal Control over Collections Decision: How Do We
Manage the Risk of Not Collecting?
Accounting for Uncollectible Receivables Allowance Method
Direct Write-Off Method
Computing Cash Collections from Customers Notes Receivable
Accounting for Notes Receivable
Decision: How to Speed Up Cash Flow?
Decision Making: Using Ratios
Days' Sales in Receivables
Acid-Test (or Quick) Ratio
Reporting on the Statement of Cash Flows


Merchandise Inventory, Cost of Goods Sold, and Gross Profit


Accounting for Inventory
Cost-of-Goods-Sold Model
Decision: How Much Inventory Should We Purchase?


Accounting for Inventory in the Perpetual System
Inventory Costing
What Goes into Inventory Cost?
Decision: Which Inventory Method Will Help Us Accomplish Our Objectives?
Income Effects of FIFO, LIFO, and Weighted-Average Cost
Tax Advantage of LIFO
Comparison of the Inventory Methods


Accounting Principles and Inventories Consistency Principle
Disclosure Principle
Materiality Concept
Accounting Conservatism
Lower-of-Cost-or-Market Rule
Effects of Inventory Errors
Inventory and the Financial Statements Detailed Income Statement
Analyzing Financial Statements
Reporting Transactions on the Statement of Cash Flows
Additional Inventory Issues
Estimating Inventory: Gross Profit Method Ethical Considerations

Accounting for Inventory in the Periodic System
The LIFO Reserve-Converting a LIFO Company's Income to the FIFO Basis

Plant Assets, Intangibles, Related Expenses

Types of Assets Decision: How to Value Plant AssetsAt Cost or at Market Value?
Land Buildings, Machinery, and Equipment
Land Improvements and Leasehold Improvements
Lump-Sum (or Basket) Purchases of Assets
Decision: Capital Expenditure versus an Immediate Expense
Measuring Plant Asset Depreciation How to Measure Depreciation
Depreciation Methods
Comparing Depreciation Methods
Other Issues in Accounting for Plant Assets

Depreciation for Tax Purposes
Depreciation for Partial Years
Changing the Useful Life of a Depreciable Asset
Decision: Is It Ethical to Keep Two Sets of Depreciation Records?
Fully Depreciated Assets
Accounting for Disposal of Plant Assets
Accounting for Natural Resources
Accounting for Intangible Assets
Types of Intangible Assets
Accounting for the Impairment of an Intangible Asset
Valuing Intangibles: Why Did the Dot-Com Bubble Burst?
Accounting for Research and Development Costs
Reporting Plant Asset Transactions on the Statement of Cash Flows


Current and Long- Term Liabilities

Current Liabilities
Current Liabilities of Known Amount
Current Liabilities that Must Be Estimated


Long-Term Liabilities: Bonds Bonds: An Introduction
Issuing Bonds Payable at Par Value
Issuing Bonds Payable at a Discount
Decision: How Much Is Chrysler's Interest Expense on these Bonds
Payable? Interest Expense on Bonds Issued at a Discount
Issuing Bonds Payable at a Premium
A Quick and Dirty Way to Measure Interest Expense
Decision: Should We Retire Bonds Payable Before Maturity?
Convertible Bonds and Notes
Decision: Financing Operations with Bonds or Stock?
Decision: How Much Debt Can We ManageThe Times-Interest-Earned Ratio
Long-Term Liabilities: Leases and Pensions Types of Leases
Decision: Do Lessees Prefer Operating Leases or Capital Leases?
Pensions and Postretirement Liabilities Reporting Liabilities
Reporting on the Balance Sheet


Reporting the Fair Market Value of Long-Term Debt
Reporting Financing Activities on the Statement of Cash Flows

Appendix A: Time Value of Money: Future Value and Present Value
Future Value
Future- Value Tables
Future Value of an Annuity Present Value
Present-Value Tables
Present Value of an Annuity Present Value of Bonds Payable Capital Leases

Internal Control and Managing Cash

Bank Account as a Control Device The Bank Reconciliation
Using the Bank Reconciliation to Control Cash


The Statement of Cash Flows


Basic Concepts: Statement of Cash Flows Operating, Investing, and Financing Activities Two Formats for Operating Activities
Preparing the Statement of Cash Flows by the Indirect Method
Cash Flows from Operating Activities
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Noncash Investing and Financing Activities

Preparing the Statement of Cash Flows by the Direct Method
Cash Flows from Operating Activities
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Noncash Investing and Financing Activities
Computing Operating Cash Flows by the Direct Method
Computing Investing and Financing Cash Flows
Measuring Cash Adequacy: Free Cash Flow

Financial Statement Analysis

Using Ratios to Make Business Decisions
Measuring Ability to Pay Current Liabilities
Measuring Ability to Sell Inventory and Collect Receivables
Measuring Ability to Pay Long-Term Debt
Measuring Profitability
Analyzing Stock Investments
The Limitations of Financial Analysis


Appendix A Summary of Generally Accepted Accounting Principles (GAAP)

Appendix C Check Figures

Appendix B Typical Charts of Accounts for Different Types of Businesses

Appendix D Fossil Annual Report

**** More Info ****

Condition: Slightly used Book with CD
Format: Soft cover
Title: Financial Accounting, for Baruch College
Publisher: Prentice Hall
Year: 2004
ISBN: 053673450X






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