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Author(s): Carl S. Warren, Jeff Jones
Edition: 16
Publisher: Cengage Learning
Year: 2021
Language: English
Pages: 897
City: Boston
Cover
Preface
About the Authors
Brief Contents
Contents
Chapter 1: Introduction to Accounting and Business
Nature of Business and Accounting
Generally Accepted Accounting Principles (GAAP)
The Accounting Equation
Business Transactions and the Accounting Equation
Financial Statements
Analysis for Decision Making
Continuing Problem
Make a Decision
Take It Further
Pathways Challenge
Chapter 2: Analyzing Transactions
Using Accounts to Record Transactions
Double-Entry Accounting System
Posting Journal Entries to Accounts
Trial Balance
Analysis for Decision Making
Continuing Problem
Make a Decision
Take It Further
Pathways Challenge
Chapter 3: The Adjusting Process
Nature of the Adjusting Process
Adjusting Entries for Accruals
Adjusting Entries for Deferrals
Adjusting Entries for Depreciation
Summary of Adjusting Process
Adjusted Trial Balance
Analysis for Decision Making
Continuing Problem
Make a Decision
Take It Further
Pathways Challenge
Chapter 4: The Accounting Cycle
Flow of Accounting Information
Financial Statements
Closing Entries
Accounting Cycle
Illustration of the Accounting Cycle
Why Is the Accrual Basis of Accounting Required by GAAP?
Analysis for Decision Making
Appendix 1 End-of-Period Spreadsheet
Appendix 2 Statement of Cash Flows for NetSolutions
Continuing Problem
Comprehensive Problem 1
Make a Decision
Take It Further
Pathways Challenge
Chapter 5: Accounting for Retail Businesses
Nature of Retail Businesses
Merchandise Transactions
The Adjusting Process
Financial Statements and Closing Entries for a Retail Business
Analysis for Decision Making
Appendix 1 Sales Discounts
Appendix 2 The Periodic Inventory System
Comprehensive Problem 2
Make a Decision
Take It Further
Pathways Challenge
Chapter 6: Inventories
Control of Inventory
Inventory Cost Flow Assumptions
Inventory Costing Methods Under a Perpetual Inventory System
Inventory Costing Methods Under a Periodic Inventory System
Comparing Inventory Costing Methods
Reporting Inventory in the Financial Statements
Analysis for Decision Making
Appendix Estimating Inventory Cost
Make a Decision
Take It Further
Pathways Challenge
Chapter 7: Internal Control and Cash
Sarbanes-Oxley Act
Internal Control
Cash Controls over Receipts and Payments
Bank Accounts
Bank Reconciliation
Special-Purpose Cash Funds
Financial Statement Reporting of Cash
Analysis for Decision Making
Make a Decision
Take It Further
Pathways Challenge
Chapter 8: Receivables
Classification of Receivables
Uncollectible Receivables
Direct Write-Off Method for Uncollectible Accounts
Allowance Method for Uncollectible Accounts
Comparing Direct Write-Off and Allowance Methods
Notes Receivable
Reporting Receivables on the Balance Sheet
Analysis for Decision Making
Make a Decision
Take It Further
Pathways Challenge
Chapter 9: Long-Term Assets: Fixed and Intangible
Nature of Fixed Assets
Accounting for Depreciation
Disposal of Fixed Assets
Natural Resources
Intangible Assets
Financial Reporting for Long-Term Assets: Fixed and Intangible
Analysis for Decision Making
Appendix Exchanging Similar Fixed Assets
Make a Decision
Take It Further
Pathways Challenge
Chapter 10: Liabilities: Current, Installment Notes, and Contingencies
Current Liabilities
Payroll Liabilities
Employees’ Fringe Benefits
Installment Notes
Contingent Liabilities
Reporting Liabilities
Analysis for Decision Making
Comprehensive Problem
Make a Decision
Take It Further
Pathways Challenge
Chapter 11: Liabilities: Bonds Payable
Nature of Bonds Payable
Accounting for Bonds Payable
Reporting Bonds Payable
Analysis for Decision Making
Appendix 1 Present Value Concepts and Pricing Bonds Payable
Appendix 2 Effective Interest Rate Method of Amortization
Make a Decision
Take It Further
Pathways Challenge
Chapter 12: Corporations: Organization, Stock Transactions, and Dividends
Nature of a Corporation
Paid-In Capital from Stock
Accounting for Dividends
Stock Splits
Treasury Stock Transactions
Reporting Stockholders’ Equity
Analysis for Decision Making
Comprehensive Problem 4
Make a Decision
Take It Further
Pathways Challenge
Chapter 13: Statement of Cash Flows
Reporting Cash Flows
Cash Flows: Operating Activities
Cash Flows: Investing Activities
Cash Flows: Financing Activities
Preparing the Statement of Cash Flows
Analysis for Decision Making
Appendix 1 Spreadsheet (Work Sheet) for Statement of Cash Flows-The Indirect Method
Appendix 2 Preparing the Statement of Cash Flows-The Direct Method
Make a Decision
Take It Further
Pathways Challenge
Chapter 14: Financial Statement Analysis
Analyzing and Interpreting Financial Statements
Analytical Methods
Analyzing Liquidity
Analyzing Solvency
Analyzing Profitability
Corporate Annual Reports
Make a Decision
Take It Further
Pathways Challenge
Appendix A: Interest Tables
Appendix B: Selected Topics
Appendix C: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2020 Selected Excerpts
Glossary
Index
