The Horngren's Financial & Managerial Accounting Financial Chapters, Global Edition

Name: The Horngren's Financial & Managerial Accounting Financial Chapters, Global Edition
Price: 4390 ISK
Availability: InStock
Author: Tracie Miller-Nobles, Brenda Mattison
ISBN: 9781292731254

Höfundar: Tracie Miller-Nobles, Brenda Mattison (Útgáfa: 8)

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Horngren's Financial and Managerial Accounting, The Financial Chapters presents the core content of principles of accounting courses in a fresh format designed to help you succeed. The text's pedagogy and content use leading methods in teaching critical foundational and emerging topics in the field of accounting, all tested in class by the authors themselves. With this in mind, the 8th Edition continues its focus on readability and student comprehension.

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Útgefandi: Pearson International Content

ISBN: 9781292731254

Print ISBN: 9781292731261

Format: ePub

Útgáfa: 8

Höfundar: Tracie Miller-Nobles, Brenda Mattison

Tungumál: English

Útgefið: 2025-02-06

Prent takmörkun á líftíma: 100

Prent takmörkun: 2

Afritunar takmörkun: 2

Kaflar

Cover
Cover
Front Matter
Copyright Page
Financial & Managerial Accounting . . . Expanding on Proven Success
Acknowledgments
Interactive Media Contents
Interactive Media Content
1: Accounting and the Business Environment
1.1: Why is Accounting Important?
1.1: Why is Accounting Important?
1.1.1: Decision Makers: The Users of Accounting Information
1.2: What are the Organizations and Rules that Govern Accounting?
1.2: What are the Organizations and Rules that Govern Accounting?
1.2.1: United States
1.2.2: International
1.2.3: Generally Accepted Accounting Principles
1.2.4: Ethics in Accounting and Business
1.3: What is the Accounting Equation?
1.3: What is the Accounting Equation?
1.3.1: Assets
1.3.2: Liabilities
1.3.3: Equity
1.4: How do You Analyze a Transaction?
1.4: How do You Analyze a Transaction?
1.4.1: Transaction Analysis for Smart Touch Learning
1.5: How do You Prepare Financial Statements?
1.5: How do You Prepare Financial Statements?
1.5.1: Income Statement
1.5.2: Statement of Retained Earnings and Statement of Stockholders’ Equity
1.5.3: Balance Sheet
1.5.4: Statement of Cash Flows
1.6: How do You Use Financial Statements to Evaluate Business Performance?
1.6: How do You Use Financial Statements to Evaluate Business Performance?
1.6.1: PepsiCo, Inc. and Subsidiaries (NASDAQ: PEP)
1.6.2: Return on Assets (ROA)
End of Chapter: Accounting and the Business Environment
Things You Should Know
Check Your Understanding
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
2: Recording Business Transactions
2.1: What Is an Account?
2.1: What Is an Account?
2.1.1: Assets
2.1.2: Liabilities
2.1.3: Equity
2.1.4: Chart of Accounts
2.1.5: Ledger
2.2: What Is Double-Entry Accounting?
2.2: What Is Double-Entry Accounting?
2.2.1: The T-Account
2.2.2: Increases and Decreases in the Accounts
2.2.3: Expanding the Rules of Debit and Credit
2.2.4: The Normal Balance of an Account
2.2.5: Determining the Balance of a T-Account
2.3: How Do You Record Transactions?
2.3: How Do You Record Transactions?
2.3: Source Documents—The Origin of the Transactions
2.3.2: Journalizing and Posting Transactions
2.3.3: The Ledger Accounts After Posting
2.3.4: The Four-Column Account: An Alternative to the T-Account
2.4: What Is the Unadjusted Trial Balance?
2.4: What Is the Unadjusted Trial Balance?
2.4.1: Correcting Trial Balance Errors
2.4.2: Reviewing Financial Statements
2.5: What Is the Accounting Cycle?
2.5: What Is the Accounting Cycle?
2.6: How Do You Use the Debt Ratio to Evaluate Business Performance?
2.6: How Do You Use the Debt Ratio to Evaluate Business Performance?
End of Chapter: Recording Business Transactions
Things You Should Know
Check Your Understanding
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
3: The Adjusting Process
3.1: What Is the Difference Between Cash Basis Accounting and Accrual Basis Accounting?
3.1: What Is the Difference Between Cash Basis Accounting and Accrual Basis Accounting?
3.2: What Concepts and Principles Apply to Accrual Basis Accounting?
3.2: What Concepts and Principles Apply to Accrual Basis Accounting?
3.2.1: The Time Period Concept
3.2.2: The Revenue Recognition Principle
3.2.3: The Matching Principle
3.3: What Are the Adjusting Entries for Deferrals, and How Do We Record Them?
3.3: What Are the Adjusting Entries for Deferrals, and How Do We Record Them?
3.3.1: Deferred Expenses
3.3.2: Deferred Revenues
3.4: What Are the Adjusting Entries for Accruals, and How Do We Record Them?
3.4: What Are the Adjusting Entries for Accruals, and How Do We Record Them?
3.4.1: Accrued Expenses
3.4.2: Accrued Revenues
3.5: What Is the Purpose of the Adjusted Trial Balance, and How Do We Prepare It?
3.5: What Is the Purpose of the Adjusted Trial Balance, and How Do We Prepare It?
3.5.1: Summary of Adjusting Entries
3.5.2: The Adjusted Trial Balance
3.6: What Is the Impact of Adjusting Entries on the Financial Statements?
3.6: What Is the Impact of Adjusting Entries on the Financial Statements?
3.7: What Are the Next Steps in the Accounting Cycle?
3.7: What Are the Next Steps in the Accounting Cycle?
APPENDIX 3A: Worksheet
APPENDIX 3A: Worksheet
End of Chapter: The Adjusting Process
Things You Should Know
Check Your Understanding
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
4: Completing the Accounting Cycle
4.1: How Do We Prepare Financial Statements?
4.1: How Do We Prepare Financial Statements?
4.1.1: Relationships Among the Financial Statements
4.1.2: Classified Balance Sheet
4.2: What Is the Closing Process, and How Do We Close the Accounts?
4.2: What Is the Closing Process, and How Do We Close the Accounts?
4.2.1: Closing Temporary Accounts—Net Income for the Period
4.2.2: Closing Temporary Accounts—Net Loss for the Period
4.2.3: Closing Temporary Accounts—Summary
4.3: How Do We Prepare a Post-Closing Trial Balance?
4.3: How Do We Prepare a Post-Closing Trial Balance?
4.4: What Is the Accounting Cycle?
4.4: What Is the Accounting Cycle?
4.5: How Do We Use the Current Ratio to Evaluate Business Performance?
4.5: How Do We Use the Current Ratio to Evaluate Business Performance?
APPENDIX 4A: Using a Worksheet to Prepare Financial Statements
4.A.1: How Could a Worksheet Help in Preparing Financial Statements?
4.A.2: Section 5—Income Statement
4.A.3: Section 6—Balance Sheet
4.A.4: Section 7—Determine Net Income or Net Loss
End of Chapter: Completing the Accounting Cycle
Things You Should Know
Check Your Understanding
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
5: Merchandising Operations
5.1: What Are Merchandising Operations?
5.1: What Are Merchandising Operations?
5.1.1: The Operating Cycle of a Merchandising Business
5.2: How Are Purchases of Merchandise Inventory Recorded in a Perpetual Inventory System?
5.2: How Are Purchases of Merchandise Inventory Recorded in a Perpetual Inventory System?
5.2.1: Purchase of Merchandise Inventory
5.2.2: Purchase Returns and Allowances
5.2.3: Purchase Discounts
5.2.4: Transportation Costs
5.2.5: Net Cost of Inventory Purchased
5.3: How Are Sales of Merchandise Inventory Recorded in a Perpetual Inventory System?
5.3: How Are Sales of Merchandise Inventory Recorded in a Perpetual Inventory System?
5.3.1: Cash and Credit Card Sales
5.3.2: Sales on Account, No Discount
5.3.3: Sales on Account, with Discount
5.3.4: Sales Returns and Allowances
5.3.5: Transportation Costs—Freight Out
5.4: What Are the Adjusting and Closing Entries for a Merchandiser?
5.4: What Are the Adjusting and Closing Entries for a Merchandiser?
5.4.1: Adjusting Merchandise Inventory for Inventory Shrinkage
5.4.2: Closing the Accounts of a Merchandiser
5.5: How Are a Merchandiser’s Financial Statements Prepared?
5.5: How Are a Merchandiser’s Financial Statements Prepared?
5.5.1: Net Sales Revenue and Gross Profit
5.5.2: Single-Step Income Statement
5.5.3: Multi-Step Income Statement
5.5.4: Statement of Retained Earnings and the Balance Sheet
5.6: How Do We Use the Gross Profit Percentage to Evaluate Business Performance?
5.6: How Do We Use the Gross Profit Percentage to Evaluate Business Performance?
APPENDIX 5A: Accounting for Merchandise Inventory in a Periodic Inventory System
5.A.1: How Are Merchandise Inventory Transactions Recorded in a Periodic Inventory System?
5.A.2: Purchases of Merchandise Inventory—Periodic Inventory System
5.A.3: Purchase Returns and Allowances—Periodic Inventory System
5.A.4: Purchase Discounts—Periodic Inventory System
5.A.5: Transportation Costs—Periodic Inventory System
5.A.6: Net Cost of Inventory Purchased
5.A.7: Sale of Merchandise Inventory—Periodic Inventory System
5.A.8: Preparing Financial Statements—Periodic Inventory System
5.A.9: Adjusting and Closing Entries—Periodic Inventory System
5.A.10: Comparing Journal Entries Used in Perpetual and Periodic Inventory Systems
APPENDIX 5B: Accounting for Sales of Merchandise Inventory Using the Net Method
5.B.1: How Are Sales of Merchandise Inventory Transactions Recorded Using the Net Method?
5.B.2: Sale on Account, with Discount, Net Method
5.B.3: Collection on Account, Discount Forfeited, Net Method
5.B.4: Comparison Between Gross and Net Methods
End of Chapter: Merchandising Operations
Things You Should Know
Check Your Understanding F:5-1
Solution
Check Your Understanding F:5-2
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
6: Merchandise Inventory
6.1: What Are the Accounting Principles and Controls that Relate to Merchandise Inventory?
6.1: What Are the Accounting Principles and Controls that Relate to Merchandise Inventory?
6.1.1: Accounting Principles
6.1.2: Control over Merchandise Inventory
6.2: How Are Merchandise Inventory Costs Determined Under a Perpetual Inventory System?
6.2: How Are Merchandise Inventory Costs Determined Under a Perpetual Inventory System?
6.2.1: Specific Identification Method
6.2.2: First-In, First-Out (FIFO) Method
6.2.3: Last-In, First-Out (LIFO) Method
6.2.4: Weighted-Average Method
6.3: How Are Financial Statements Affected by Using Different Inventory Costing Methods?
6.3: How Are Financial Statements Affected by Using Different Inventory Costing Methods?
6.3.1: Income Statement
6.3.2: Balance Sheet
6.4: How Is Merchandise Inventory Valued When Using the Lower-of-Cost-or-Market Rule?
6.4: How Is Merchandise Inventory Valued When Using the Lower-of-Cost-or-Market Rule?
6.4.1: Computing the Lower-of-Cost-or-Market
6.4.2: Recording the Adjusting Journal Entry to Adjust Merchandise Inventory
6.5: What Are the Effects of Merchandise Inventory Errors on the Financial Statements?
6.5: What Are the Effects of Merchandise Inventory Errors on the Financial Statements?
6.6: How Do We Use Inventory Turnover and Days’ Sales in Inventory to Evaluate Business Performance?
6.6: How Do We Use Inventory Turnover and Days’ Sales in Inventory to Evaluate Business Performance?
6.6.1: Inventory Turnover
6.6.2: Days’ Sales in Inventory
6.6.3: Evaluating PepsiCo, Inc.
APPENDIX 6A: Merchandise Inventory Costs Under a Periodic Inventory System
6.A.1: How Are Merchandise Inventory Costs Determined Under a Periodic Inventory System?
6.A.2: First-In, First-Out (FIFO) Method
6.A.3: Last-In, First-Out (LIFO) Method
End of Chapter: Merchandise Inventory
Things You Should Know
Check Your Understanding
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
7: Internal Control and Cash
7.1: What Is Internal Control, and How Can It Be Used to Protect a Company’s Assets?
7.1: What Is Internal Control, and How Can It Be Used to Protect a Company’s Assets?
7.1.1: Internal Control and the Sarbanes-Oxley Act
7.1.2: The Components of Internal Control
7.1.3: Internal Control Procedures
7.1.4: The Limitations of Internal Control—Costs and Benefits
7.2: What Are the Internal Control Procedures with Respect to Cash Receipts?
7.2: What Are the Internal Control Procedures with Respect to Cash Receipts?
7.2.1: Cash Receipts over the Counter
7.2.2: Cash Receipts by Mail
7.3: What Are the Internal Control Procedures with Respect to Cash Payments?
7.3: What Are the Internal Control Procedures with Respect to Cash Payments?
7.3.1: Controls over Payment by Check
7.4: What Are the Internal Control Procedures Needed for Petty Cash, and How Are Petty Cash Transactions Recorded?
7.4: What Are the Internal Control Procedures Needed for Petty Cash, and How Are Petty Cash Transactions Recorded?
7.4.1: Setting Up the Petty Cash Fund
7.4.2: Replenishing the Petty Cash Fund
7.4.3: Changing the Amount of the Petty Cash Fund
7.5: What Are the Internal Controls Needed with Debit and Credit Card Sales, and How Are These Types of Sales Recorded?
7.5: What Are the Internal Controls Needed with Debit and Credit Card Sales, and How Are These Types of Sales Recorded?
7.6: How Can the Bank Account Be Used as a Control Device?
7.6: How Can the Bank Account Be Used as a Control Device?
7.6.1: Signature Card
7.6.2: Deposit Ticket
7.6.3: Check
7.6.4: Bank Statement
7.6.5: Electronic Funds Transfers
7.6.6: Bank Reconciliation
7.6.7: Examining a Bank Reconciliation
7.6.8: Journalizing Transactions from the Bank Reconciliation
7.7: How Can the Cash Ratio Be Used to Evaluate Business Performance?
7.7: How Can the Cash Ratio Be Used to Evaluate Business Performance?
End of Chapter: Internal Control and Cash
Things You Should Know
Check Your Understanding F:7-1
Solution
Check Your Understanding F:7-2
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group B
Critical Thinking
8: Receivables
8.1: What Are Common Types of Receivables, and How Are Credit Sales Recorded?
8.1: What Are Common Types of Receivables, and How Are Credit Sales Recorded?
8.1.1: Types of Receivables
8.1.2: Exercising Internal Control over Receivables
8.1.3: Recording Sales on Credit
8.1.4: Decreasing Collection Time and Credit Risk
8.2: How Are Uncollectibles Accounted for When Using the Direct Write-Off Method?
8.2: How Are Uncollectibles Accounted for When Using the Direct Write-Off Method?
8.2.1: Recording and Writing Off Uncollectible Accounts—Direct Write-off Method
8.2.2: Recovery of Accounts Previously Written Off—Direct Write-off Method
8.2.3: Limitations of the Direct Write-off Method
8.3: How Are Uncollectibles Accounted for When Using the Allowance Method?
8.3: How Are Uncollectibles Accounted for When Using the Allowance Method?
8.3.1: Recording Bad Debts Expense—Allowance Method
8.3.3: Recovery of Accounts Previously Written Off—Allowance Method 8-10
8.3.4: Comparison of Recording Transactions for Uncollectibles Using the Direct Write-off Method Versus the Allowance Method
8.4: How Do Companies Determine the Amount of Bad Debt Expense When Using the Allowance Method?
8.4: How Do Companies Determine the Amount of Bad Debt Expense When Using the Allowance Method?
8.4.1: Percent-of-Sales Method (Income Statement Approach)
8.4.2: Percent-of-Receivables and Aging-of-Receivables Methods (Balance Sheet Approach)
8.4.3: Comparison of Income Statement Approach Versus Balance Sheet Approach
8.5: How Are Notes Receivable Accounted for?
8.5: How Are Notes Receivable Accounted for?
8.5.1: Identifying Maturity Date
8.5.2: Computing Interest on a Note
8.5.3: Accruing Interest Revenue and Recording Honored Notes Receivable
8.5.4: Recording Dishonored Notes Receivable
8.6: How Do We Use the Acid-Test Ratio, Accounts Receivable Turnover Ratio, and Days’ Sales in Receivables to Evaluate Business Performance?
8.6: How Do We Use the Acid-Test Ratio, Accounts Receivable Turnover Ratio, and Days’ Sales in Receivables to Evaluate Business Performance?
8.6.1: Acid-Test (or Quick) Ratio
8.6.2: Accounts Receivable Turnover Ratio
8.6.3: Days’ Sales in Receivables
End of Chapter: Receivables
Things You Should Know
Check Your Understanding F:8- 1
Solution
Check Your Understanding F:8- 2
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
9: Plant Assets, Natural Resources, and Intangibles
9.1: How Does a Business Measure the Cost of Property, Plant, and Equipment?
9.1: How Does a Business Measure the Cost of Property, Plant, and Equipment?
9.1.1: Land and Land Improvements
9.1.2: Buildings
9.1.3: Machinery and Equipment
9.1.4: Furniture and Fixtures
9.1.5: Lump-Sum Purchase
9.1.6: Capital and Revenue Expenditures
9.2: What Is Depreciation, and How Is It Computed?
9.2: What Is Depreciation, and How Is It Computed?
9.2.1: Factors in Computing Depreciation
9.2.2: Depreciation Methods
9.2.3: Partial-Year Depreciation
9.2.4: Changing Estimates of a Depreciable Asset
9.2.5: Reporting Property, Plant, and Equipment
9.3: How Are Disposals of Plant Assets Recorded?
9.3: How Are Disposals of Plant Assets Recorded?
9.3.1: Discarding Plant Assets
9.3.2: Selling Plant Assets
9.4: How Are Natural Resources Accounted for?
9.4: How Are Natural Resources Accounted for?
9.5: How Are Intangible Assets Accounted for?
9.5: How Are Intangible Assets Accounted for?
9.5.1: Accounting for Intangibles
9.5.2: Specific Intangibles
9.5.3: Reporting of Intangible Assets
9.5.4: Summary—Long-term Assets and Their Related Expenses
9.6: How Do We Use the Asset Turnover Ratio to Evaluate Business Performance?
9.6: How Do We Use the Asset Turnover Ratio to Evaluate Business Performance?
APPENDIX 9A: Exchanging Plant Assets
9.A.1: How Are Exchanges of Plant Assets Accounted for?
9.A.2: Exchange of Plant Assets—Gain Situation
9.A.4: Exchange of Plant Assets—Loss Situation
End of Chapter: Plant Assets, Natural Resources, and Intangibles
Things You Should Know
Check Your Understanding
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
10: Investments
10.1: Why Do Companies Invest?
10.1: Why Do Companies Invest?
10.1.1: Debt Securities Versus Equity Securities
10.1.2: Reasons to Invest
10.1.3: Classification and Reporting of Investments
10.2: How Are Investments in Debt Securities Accounted for?
10.2: How Are Investments in Debt Securities Accounted for?
10.2.1: Purchase of Debt Securities
10.2.2: Interest Revenue
10.2.3: Disposition at Maturity
10.2.4: Other Accounting Issues for Debt Investments
10.3: How Are Investments in Equity Securities Accounted for?
10.3: How Are Investments in Equity Securities Accounted for?
10.3.1: Equity Securities with No Significant Influence (Fair Value Method)
10.3.2: Equity Securities with Significant Influence (Equity Method)
10.3.3: Equity Securities with Controlling Interest (Consolidation Method)
10.4: How Are Debt and Equity Securities Reported?
10.4: How Are Debt and Equity Securities Reported?
10.4.1: Trading Debt Investments (Fair Value Method)
10.4.2: Available-for-Sale Debt Investments (Fair Value Method)
10.4.3: Held-to-Maturity Debt Investments (Amortized Cost)
10.4.4: Equity Investments with No Significant Influence (Fair Value Method)
10.5: How Do We Use the Rate of Return on Total Assets to Evaluate Business Performance?
10.5: How Do We Use the Rate of Return on Total Assets to Evaluate Business Performance?
End of Chapter: Investments
Things You Should Know
Check Your Understanding
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
11: Current Liabilities and Payroll
11.1: How Are Current Liabilities of Known Amounts Accounted for?
11.1: How Are Current Liabilities of Known Amounts Accounted for?
11.1.1: Accounts Payable
11.1.2: Sales Tax Payable
11.1.3: Income Tax Payable
11.1.4: Unearned Revenue
11.1.5: Short-term Notes Payable
11.1.6: Current Portion of Long-term Notes Payable
11.2: How Do Companies Account for and Record Payroll?
11.2: How Do Companies Account for and Record Payroll?
11.2.1: Gross Pay and Net (Take-Home) Pay
11.2.2: Employee Payroll Withholding Deductions
11.2.3: Payroll Register
11.2.4: Journalizing Employee Payroll
11.2.5: Employer Payroll Taxes
11.2.6: Payment of Employer Payroll Taxes and Employees’ Withholdings
11.2.7: Internal Control Over Payroll
11.3: How Are Current Liabilities that Must Be Estimated Accounted for?
11.3: How Are Current Liabilities that Must Be Estimated Accounted for?
11.3.1: Bonus Plans
11.3.2: Vacation, Health, and Retirement Benefits
11.3.3: Warranties
11.4: How Are Contingent Liabilities Accounted for?
11.4: How Are Contingent Liabilities Accounted for?
11.4.1: Remote Contingent Liability
11.4.2: Reasonably Possible Contingent Liability
11.4.3: Probable Contingent Liability
11.5: How Do We Use the Times-Interest-Earned Ratio to Evaluate Business Performance?
11.5: How Do We Use the Times-Interest-Earned Ratio to Evaluate Business Performance?
End of Chapter: Current Liabilities and Payroll
Things You Should Know
Check Your Understanding F:11-1
Solution
Check Your Understanding F:11-2
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Problems Group A
Problems Group B
Critical Thinking
12: Long-Term Liabilities
12.1: How Are Long-Term Notes Payable and Mortgages Payable Accounted for?
12.1: How Are Long-Term Notes Payable and Mortgages Payable Accounted for?
12.1.1: Long-term Notes Payable
12.1.2: Mortgages Payable
12.2: What Are Bonds?
12.2: What Are Bonds?
12.2.1: Types of Bonds
12.2.2: Bond Prices
12.2.3: Present Value and Future Value
12.2.4: Bond Interest Rates
12.2.5: Issuing Bonds Versus Issuing Stock
12.3: How Are Bonds Payable Accounted for Using the Straight-Line Amortization Method?
12.3: How Are Bonds Payable Accounted for Using the Straight-Line Amortization Method?
12.3.1: Issuing Bonds Payable at Face Value
12.3.2: Issuing Bonds Payable at a Discount
12.3.3: Issuing Bonds Payable at a Premium
12.4: How Is the Retirement of Bonds Payable Accounted for?
12.4: How Is the Retirement of Bonds Payable Accounted for?
12.4.1: Retirement of Bonds at Maturity
12.4.2: Retirement of Bonds Before Maturity
12.5: How Are Liabilities Reported on the Balance Sheet?
12.5: How Are Liabilities Reported on the Balance Sheet?
12.6: How Do We Use the Debt to Equity Ratio to Evaluate Business Performance?
12.6: How Do We Use the Debt to Equity Ratio to Evaluate Business Performance?
APPENDIX 12A: The Time Value of Money
12.A.1: What Is the Time Value of Money, and How Are Present Value and Future Value Calculated?
12.A.2: Time Value of Money Concepts
12.A.3: Present Value of a Lump Sum
12.A.4: Present Value of an Annuity
12.A.5: Present Value of Bonds Payable
12.A.6: Future Value of a Lump Sum
12.A.7: Future Value of an Annuity
APPENDIX 12B: Effective-Interest Method of Amortization
12.B.1: How Are Bonds Payable Accounted for Using the Effective-Interest Amortization Method?
12.B.2: Effective-Interest Amortization for a Bond Discount
12.B.3: Effective-Interest Amortization of a Bond Premium
End of Chapter: Long-Term Liabilities
Things You Should Know
Check Your Understanding
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
13: Stockholders’ Equity
13.1: What Is a Corporation?
13.1: What Is a Corporation?
13.1.1: Characteristics of Corporations
13.1.2: Stockholders’ Equity Basics
13.2: How Is the Issuance of Stock Accounted for?
13.2: How Is the Issuance of Stock Accounted for?
13.2.1: Issuing Common Stock at Par Value
13.2.2: Issuing Common Stock at a Premium
13.2.3: Issuing No-Par Common Stock
13.2.4: Issuing Stated Value Common Stock
13.2.5: Issuing Common Stock for Assets Other Than Cash
13.2.6: Issuing Preferred Stock
13.3: How Is Treasury Stock Accounted for?
13.3: How Is Treasury Stock Accounted for?
13.3.1: Treasury Stock Basics
13.3.2: Purchase of Treasury Stock
13.3.3: Sale of Treasury Stock
13.3.4: Retirement of Stock
13.4: How Are Dividends and Stock Splits Accounted for?
13.4: How Are Dividends and Stock Splits Accounted for?
13.4.1: Cash Dividends
13.4.2: Stock Dividends
13.4.3: Stock Splits
13.4.4: Cash Dividends, Stock Dividends, and Stock Splits Compared
13.5: How Is the Complete Corporate Income Statement Prepared?
13.5: How Is the Complete Corporate Income Statement Prepared?
13.5.1: Continuing Operations
13.5.2: Discontinued Operations
13.5.3: Earnings per Share
13.6: How Is Equity Reported for a Corporation?
13.6: How Is Equity Reported for a Corporation?
13.6.1: Statement of Retained Earnings
13.6.2: Statement of Stockholders’ Equity
13.7: How Do We Use Stockholders’ Equity Ratios to Evaluate Business Performance?
13.7: How Do We Use Stockholders’ Equity Ratios to Evaluate Business Performance?
13.7.1: Earnings per Share
13.7.2: Price/Earnings Ratio
13.7.3: Rate of Return on Common Stockholders’ Equity
End of Chapter: Stockholders’ Equity
Things You Should Know
Check Your Understanding
Solution
Key Terms
Quick Check
Review Questions
Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
14: The Statement of Cash Flows
14.1: What Is the Statement of Cash Flows?
14.1: What Is the Statement of Cash Flows?
14.1.1: Purpose of the Statement of Cash Flows
14.1.2: Classification of Cash Flows
14.1.3: Two Formats for Operating Activities
14.2: How Is the Operating Activities Section of the Statement of Cash Flows Prepared Using the Indirect Method?
14.2: How Is the Operating Activities Section of the Statement of Cash Flows Prepared Using the Indirect Method?
14.2.1: Steps to Prepare the Statement of Cash Flows
14.2.2: Step 1: Cash Flows from Operating Activities
14.3: How Are the Investing, Financing, and Non-Cash Activities Sections of the Statement of Cash Flows Prepared?
14.3: How Are the Investing, Financing, and Non-Cash Activities Sections of the Statement of Cash Flows Prepared?
14.3.1: Step 2: Cash Flows from Investing Activities
14.3.2: Step 3: Cash Flows from Financing Activities
14.3.3: Step 4: Net Change in Cash and Cash Balances
14.3.4: Step 5: Non-cash Investing and Financing Activities
14.4: How Do We Use Free Cash Flow to Evaluate Business Performance?
14.4: How Do We Use Free Cash Flow to Evaluate Business Performance?
APPENDIX 14A: Preparing the Statement of Cash Flows by the Direct Method
14.A.1: How Is the Operating Activities Section of the Statement of Cash Flows Prepared Using the Direct Method?
14.A.2: Step 1: Cash Flows from Operating Activities
End of Chapter: The Statement of Cash Flows
Things You Should Know
Check Your Understanding
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Exercises
Problems Group A
Critical Thinking
15: Financial Statement Analysis
15.1: How Are Financial Statements Used to Analyze a Business?
15.1: How Are Financial Statements Used to Analyze a Business?
15.1.1: Purpose of Analysis
15.1.2: Tools of Analysis
15.1.3: Corporate Financial Reports
15.1.4: Environmental, Social, and Governance Reports
15.2: How Do We Use Horizontal Analysis to Analyze a Business?
15.2: How Do We Use Horizontal Analysis to Analyze a Business?
15.2.1: Horizontal Analysis of the Income Statement
15.2.2: Horizontal Analysis of the Balance Sheet
15.2.3: Trend Analysis
15.3: How Do We Use Vertical Analysis to Analyze a Business?
15.3: How Do We Use Vertical Analysis to Analyze a Business?
15.3.1: Vertical Analysis of the Income Statement
15.3.2: Vertical Analysis of the Balance Sheet
15.3.3: Common-Size Statements
15.3.4: Benchmarking
15.4: How Do We Use Ratios to Analyze a Business?
15.4: How Do We Use Ratios to Analyze a Business?
15.4.1: Evaluating the Ability to Pay Current Liabilities
15.4.2: Evaluating the Ability to Sell Merchandise Inventory and Collect Receivables
15.4.3: Evaluating the Ability to Pay Long-term Debt
15.4.4: Evaluating Profitability
15.4.5: Evaluating Stock as an Investment
15.4.6: Red Flags in Financial Statement Analyses
End of Chapter: Financial Statement Analysis
Things You Should Know
Check Your Understanding F:15-1
Solution
Check Your Understanding F:15-2
Solution
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Quick Check
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Short Exercises
Exercises
Problems Group A
Problems Group B
Critical Thinking
APPENDIX A—Present Value Tables and Future Value Tables
A.1: Present Value Tables
A.2: Future Value Tables
APPENDIX B—Accounting Information Systems
B.1: What Is An Accounting Information System?
B.1: What Is An Accounting Information System?
B.1.2: Effective Accounting Information Systems
B.1.3: Components of an Accounting Information System
B.2: How Are Sales And Cash Receipts Recorded In An Accounting Information System Using Special Journals And Subsidiary Ledgers?
B.2: How Are Sales And Cash Receipts Recorded In An Accounting Information System Using Special Journals And Subsidiary Ledgers?
B.2.1: Special Journals
B.3: How Are Purchases, Cash Payments, And Other Transactions Recorded In An Accounting Information System Using Special Journals And Subsidiary Ledgers?
B.3: How Are Purchases, Cash Payments, And Other Transactions Recorded In An Accounting Information System Using Special Journals And Subsidiary Ledgers?
B.3.1: The Purchases Journal
B.3.3: The General Journal
B.4: How Are Accounting Transactions Recorded In A Computerized Accounting Information System?
B.4: How Are Accounting Transactions Recorded In A Computerized Accounting Information System?
B.4.1: Accounting Software for Small Businesses
B.4.2: Enterprise Resource Planning (ERP) Systems
End of Chapter: Accounting Information Systems
Things You Should Know
Check Your Understanding
Key Terms
Quick Check
Review Questions
Exercises
Problems Group A
Problems Group B
Photo Credits
Photo Credits
Footnotes
Glossary