Financial Accounting: In an Economic Context

Subject Index

An index of company names can be found following the subject index.

A

Accelerated method, 399

Accountants, 6–7, 545–546

Accounting, four types of, 27f

Accounting equation

business transactions and the, 116–117

financial statements and the, 117–121

journal entries and, examples, 122–123

key points, 152

Accounting estimates, 611

Accounting for Contingies (FASB No.5), 453

Accounting fraud, 92, 110, 173, 265

Accounting methods, mandated

changes in, 610–611

Accounting standards setting, 20–21, 26, 29, 32

Accounts

the accounting equation and, 117–118

debiting/crediting, 122–125

permanent vs temporary, 128

Accounts payable, 42, 444–445

Accounts payable turnover, 192–193

Accounts receivable bad debts, 254, 256–263

balance sheet valuation of, 251–252, 266–267, 273

cash discounts, 254–256

defined, 39

importance of, 253

in international accounting, 269–270

in notes to financial

statement, 10

recording of, 264–266

sales returns, 254, 263–264

turnover, 271

user perspective, 264–268, 273

valuation base for, 254

Accrual accounting, 129, 252, 648

Accruals, 130, 650–659

Accrued interest, 131–132

Accrued loss contingencies, 455–456

Accrued wages, 130–131

Accumulated amortization, 41, 138

Accumulated comprehensive

income, 540

Accumulated depreciation, 41, 137

Acquisitions

business, 348–349

federal stimulus plan and, 430

of inventory, 292–297

of long-lived assets, 390–393

Activity (units-of-production)

method, 402

Actual interest rate. See

Effective interest rate Adjusting journal entries, ...