book

Financial Accounting: IFRS, 3rd Edition

by Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

July 2015

Intermediate to advanced

856 pages

35h 6m

English

Wiley

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Chapter 1: Accounting in Action
Knowing the NumbersWhat Is Accounting?The Building Blocks of AccountingThe Basic Accounting Equation2Using the Accounting EquationFinancial StatementsAPPENDIX 1A: Accounting Career OpportunitiesA Look at U.S. GAAP
Chapter 2: The Recording Process
Accidents HappenThe AccountSteps in the Recording ProcessThe Trial BalanceA Look at U.S. GAAP
Chapter 3: Adjusting the Accounts
What Was Your Profit?Timing IssuesThe Basics of Adjusting EntriesThe Adjusted Trial Balance and Financial StatementsAPPENDIX 3A: Alternative Treatment of Prepaid Expenses and Unearned RevenuesAPPENDIX 3B: Concepts in ActionA Look at U.S. GAAP
Chapter 4: Completing the Accounting Cycle
Speaking the Same LanguageUsing a WorksheetClosing the BooksSummary of the Accounting CycleThe Classified Statement of Financial PositionAPPENDIX 4A: Reversing EntriesA Look at U.S. GAAP
Chapter 5: Accounting for Merchandising Operations
Who Doesn’t Shop?Merchandising OperationsRecording Purchases of MerchandiseRecording Sales of MerchandiseCompleting the Accounting CycleForms of Financial StatementsAPPENDIX 5A: Worksheet for a Merchandising CompanyAPPENDIX 5B: Periodic Inventory SystemA Look at U.S. GAAP
Chapter 6: Inventories
“Where Is That Spare Bulldozer Blade?”Classifying InventoryDetermining Inventory QuantitiesInventory CostingInventory ErrorsStatement Presentation and AnalysisAPPENDIX 6A: Inventory Cost Flow Methods in Perpetual Inventory SystemsAPPENDIX 6B: Estimating InventoriesAPPENDIX 6C: LIFO Inventory MethodA Look at U.S. GAAP
Chapter 7: Fraud, Internal Control, and Cash
Minding the Money at Nick’sCash ControlsControl Features: Use of a BankReporting CashA Look at U.S. GAAP
Chapter 8: Accounting for Receivables
Are You Going to Pay Me—or Not?Types of ReceivablesAccounts ReceivableNotes ReceivableStatement Presentation and AnalysisA Look at U.S. GAAP
Chapter 9: Plant Assets, Natural Resources, and Intangible Assets
How Much for a Ride to the Beach?Plant AssetsExtractable Natural ResourcesIntangible AssetsStatement Presentation and AnalysisAPPENDIX 9A: Exchange of Plant AssetsA Look at U.S. GAAP
Chapter 10: Liabilities
Financing His DreamsCurrent LiabilitiesNon-Current LiabilitiesAPPENDIX 10A: Effective-Interest Method of Bond AmortizationAPPENDIX 10B: Straight-Line AmortizationAPPENDIX 10C: Employee-Related LiabilitiesA Look at U.S. GAAP

Chapter 11: Corporations: Organization, Share Transactions, Dividends, and Retained Earnings
To the Victor Go the SpoilsThe Corporate Form of OrganizationAccounting for Share TransactionsDividendsRetained EarningsStatement Presentation and AnalysisAPPENDIX 11A: Statement of Changes in EquityAPPENDIX 11B: Book Value—Another per Share AmountA Look at U.S. GAAP
Chapter 12: Investments
Playing for Fun and ProfitWhy Corporations InvestAccounting for Share InvestmentsValuing and Reporting InvestmentsAPPENDIX 12A: Preparing Consolidated Financial StatementsA Look at U.S. GAAP
Chapter 13: Statement of Cash Flows
What Should We Do with This Cash?Statement of Cash Flows: Usefulness and FormatPreparing the Statement of Cash Flows—Indirect MethodUsing Cash Flows to Evaluate a CompanyAPPENDIX 13A: Statement of Cash Flows—Direct MethodAPPENDIX 13B: Using a Worksheet to Prepare the Statement of Cash Flows—Indirect MethodAPPENDIX 13C: Statement of Cash Flows—T-Account ApproachA Look at U.S. GAAP
Chapter 14: Financial Statement Analysis
Making Money the Old-Fashioned WayBasics of Financial Statement AnalysisHorizontal AnalysisVertical AnalysisRatio AnalysisEarning Power and Unusual ItemsQuality of EarningsA Look at U.S. GAAP
Appendix A: Specimen Financial Statements: TSMC, Ltd. A-1
Appendix B: Specimen Financial Statements: Nestlé SA B-1
Appendix C: Specimen Financial Statements: Petra Foods Limited C-1
Appendix D: Specimen Financial Statements: Apple Inc. D-1
Appendix E: Time Value of Money E-1
Nature of Interest E-1Future Value Concepts E-3Present Value Concepts E-7Using Financial Calculators E-16
Appendix F: Accounting for Partnerships F-1
Partnership Form of Organization F-1Basic Partnership Accounting F-4Liquidation of a Partnership F-10
Appendix G: Subsidiary Ledgers and Special Journals G-1 (available at www.wiley.com/college/weygandt)
Expanding the Ledger—Subsidiary Ledgers G-1Expanding the Journal—Special Journals G-3
Appendix H: Other Significant Liabilities H-1 (available at www.wiley.com/college/weygandt)
Provisions and Contingent Liabilities H-1Lease Liabilities H-3Additional Liabilities for Employee Fringe Benefits H-5
Appendix I: Payroll Accounting I-1 (available at www.wiley.com/college/weygandt)
Accounting for Payroll I-1Employer Payroll Taxes I-8Internal Control for Payroll I-10

Content preview from Financial Accounting: IFRS, 3rd Edition

Appendix D Specimen Financial Statements: Apple Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except number of shares which are reflected in thousands and per share amounts)