Accounting

Chapter 1: Introduction to Accounting

• What Is Accounting?
• The Accounting Concept
• Overview of Key Elements of the Business
• Conveying Accounting Information
• Conventions and Standards

Chapter 2: Accounting Information and the Accounting Cycle

• The Basics of Accounting
• The Accounting Cycle

Chapter 3: Overview of Financial Statements

• The Income Statement
• The Balance Sheet
• The Statement of Cash Flows
• Special Considerations for Merchandising Companies

Chapter 4: Controlling and Reporting of Cash and Receivables

• Overview of Cash
• Managing Cash
• Overview of Receivables
• Notes Receivable
• Basics of Receivables Management
• Reporting and Analyzing Receivables

Chapter 5: Controlling and Reporting of Inventories

• Understanding Inventory
• Controlling Inventory
• Valuing Inventory
• Detail on Using LIFO
• Additional Topics in Inventory Valuation
• Assessing Inventory Management
• Reporting and Analyzing Inventories

Chapter 6: Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources

• Introduction to Long-Lived Assets
• Components of Asset Cost
• Valuing of Assets
• Depreciation of Assets
• Impairment of Assets
• Disposal of Assets
• Depletion of Assets
• Natural Resources
• Reporting and Analyzing Assets

Chapter 7: Controlling and Reporting of Intangible Assets

• Introduction to Intangible Assets
• Types of Intangible Assets
• Intangible Asset Impairment
• Research & Development Cost
• Reporting and Analyzing Intangibles

Chapter 8: Valuation and Reporting of Investments in Other Corporations

• Approaches to Investment Accounting
• Debt Held to Maturity
• Debt for Sale
• Holding Less than 20% of Shares
• Holding 20-50% of Shares
• Holding More than 50% of Shares (Ownership)

Chapter 9: Reporting of Current and Contingent Liabilities

• Introduction to Liabilities
• Current Liabilities
• Contingencies
• Reporting and Analyzing Current Liabilities

Chapter 10: The Time Value of Money

• Introduction to the Time Value of Money
• Future Value, Single Amount
• Annuities
• Additional Detail on Present and Future Values
• Yield
• Valuing Multiple Cash Flows
• Present Value, Single Amount

Chapter 11: Reporting of Long-Term Liabilities

• Overview of Bonds
• Valuing Bonds
• Bond Retirement
• Reporting and Analyzing Long-Term Liabilities

Chapter 12: Reporting of Stockholders’ Equity

• Understanding the Corporation
• Stock Transactions
• Rules and Rights of Common and Preferred Stock
• Additional Detail on Preferred Stock
• Dividend Policy
• Cash Dividend Alternatives
• Reporting and Analyzing Equity
• Additional Topics in Stockholders’ Equity

Chapter 13: Detailed Review of the Income Statement

• Understanding the Income Statement
• Revenue Recognition
• Expense Recognition
• Additional Income Statement Considerations
• Reporting and Analyzing the Income Statement

Chapter 14: Detailed Review of the Statement of Cash Flows

• Cash Flow Accounting
• Calculating Cash Flows

Chapter 15: Special Topics in Accounting: Income Taxes, Pensions, Leases, Errors, and Disclosures

• Income Tax Accounting
• Pension Accounting
• Lease Accounting
• Making Changes and Correcting Errors
• Additional Notes on Disclosures

Chapter 16: Analyzing Financial Statements

• Overview of Financial Statement Analysis
• Standardizing Financial Statements
• Ratio Analysis Overview
• Using Financial Ratios for Analysis
• Liquidity Ratios
• Debt-Management Ratios
• Profitability Ratios
• Market-Value Ratios
• Considering Inflation’s Distortionary Effects
• The DuPont Equation, ROE, ROA, and Growth
• Asset-Management Ratios
• Other Distortions
• Next Steps in Financial Statement Analysis