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 and Recording Transactions
Constructing Financial Statements from Adjusted Accounts
Closing Temporary Accounts
Summarising the Accounting Cycle
Financial Statement Analysis
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 4: Reporting and Analyzing Revenues and Receivables
Reporting Operating Income
Reporting Accounts Receivable
Analyzing Financial Statements
Appendix 4A: Reporting Nonrecurring Items
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 5: Reporting and Analyzing Inventory
Reporting Operating Expenses
Inventory Costing Methods
Financial Statement Disclosure
Analyzing Financial Statements
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 6: 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 7: Reporting and Analyzing Liabilities
Analyzing Financial Statements
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 8: Reporting and Analysing Leases, Pensions, and Income Taxes
Accounting For Income Taxes
Analyzing Financial Statements
Guidance Answers . . . You Make The Call
Solutions to Review Problems
Chapter 9: Reporting and Analyzing Shareholders’ Equity
Analyzing Financial Statements
Appendix 9A: Dilutive Securities: Further Considerations
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 10: Reporting and Analysing Financial Investments
Fair Value: An Introduction
Investments with Significant Influence
Financial Statement Analysis
Appendix 10A: Equity Method Mechanics
Appendix 10B: Consolidation Accounting Mechanics
Appendix 10C: Accounting for Investments in Derivatives
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Chapter 11: Reporting and Analyzing Cash Flows
Purpose of 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 11A: A Spreadsheet Approach to Preparing the Statement of Cash Flows
Guidance Answers . . . You Make The Call
Solutions to Review Problems
Chapter 12: Analyzing and Interpreting Financial Statements
Vertical and Horizontal Analysis
Appendix 12A: Analyzing and Interpreting Core Operating Activities
Appendix 12B: Pro Forma Financial Statements
Appendix 12C: Measuring Return on Financial Leverage
Guidance Answers . . . You Make the Call
Solutions to Review Problems
Appendix A: Compound Interest and the Time Value of Money
Using Excel to Compute Time Value
Appendix B: Data Analytics and Blockchain Technology
Video Resources For Tableau
Index
