Subject Index

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

A

Accelerated method, 399

Accountants, 67, 545546

Accounting, four types of, 27f

Accounting equation

business transactions and the, 116117

financial statements and the, 117121

journal entries and, examples, 122123

key points, 152

Accounting estimates, 611

Accounting for Contingies (FASB No.5), 453

Accounting fraud, 92, 110, 173, 265

Accounting methods, mandated

changes in, 610611

Accounting standards setting, 2021, 26, 29, 32

Accounts

the accounting equation and, 117118

debiting/crediting, 122125

permanent vs temporary, 128

Accounts payable, 42, 444445

Accounts payable turnover, 192193

Accounts receivable bad debts, 254, 256263

balance sheet valuation of, 251252, 266267, 273

cash discounts, 254256

defined, 39

importance of, 253

in international accounting, 269270

in notes to financial

statement, 10

recording of, 264266

sales returns, 254, 263264

turnover, 271

user perspective, 264268, 273

valuation base for, 254

Accrual accounting, 129, 252, 648

Accruals, 130, 650659

Accrued interest, 131132

Accrued loss contingencies, 455456

Accrued wages, 130131

Accumulated amortization, 41, 138

Accumulated comprehensive

income, 540

Accumulated depreciation, 41, 137

Acquisitions

business, 348349

federal stimulus plan and, 430

of inventory, 292297

of long-lived assets, 390393

Activity (units-of-production)

method, 402

Actual interest rate. See

Effective interest rate Adjusting journal entries, ...

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