Financial Accounting, 9th Edition

Contents

Chapter 1 Accounting in Action

Feature Story: Knowing the Numbers

What Is Accounting?

Three Activities

Who Uses Accounting Data?

The Building Blocks of Accounting

Ethics in Financial Reporting

Generally Accepted Accounting Principles

Measurement Principles

Assumptions

The Basic Accounting Equation

Assets

Liabilities

Stockholders' Equity

Using the Accounting Equation

Transaction Analysis

Summary of Transactions

Financial Statements

Income Statement

Retained Earnings Statement

Balance Sheet

Statement of Cash Flows

APPENDIX 1A Accounting Career Opportunities

Public Accounting

Private Accounting

Governmental Accounting

Forensic Accounting

“Show Me the Money”

A Look at IFRS

Chapter 2 The Recording Process

Feature Story: Accidents Happen

The Account

Debits and Credits

Summary of Debit/Credit Rules

Steps in the Recording Process

The Journal

The Ledger

Posting

The Recording Process Illustrated

Summary Illustration of Journalizing and Posting

The Trial Balance

Limitations of a Trial Balance

Locating Errors

Use of Dollar Signs

A Look at IFRS

Chapter 3 Adjusting the Accounts

Feature Story: Keeping Track of Groupons

Timing Issues

Fiscal and Calendar Years

Accrual- versus Cash-Basis Accounting

Recognizing Revenues and Expenses

The Basics of Adjusting Entries

Types of Adjusting Entries

Adjusting Entries for Deferrals

Adjusting Entries for Accruals

Summary of Basic Relationships

The Adjusted Trial Balance and Financial Statements

Preparing the Adjusted Trial Balance

Preparing Financial ...