book

Financial and Managerial Accounting

Name: Financial and Managerial Accounting
ISBN: 9781118004234

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

December 2011

Intermediate to advanced

1576 pages

59h 46m

English

Wiley

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Cover Page
Title Page
Copyright
From the Authors
Your Team for Success in Accounting
Author Commitment
Wiley Managerial Accounting Video Series
Wiley Plus
The Wiley Faculty Network
What TYPE of learner are you?

Textbook Features
Teaching and Learning Supplementary Material
Acknowledgments
Brief Contents
Contents
Chapter 1: Accounting in Action
Knowing the NumbersWhat Is Accounting?The Building Blocks of AccountingThe Basic Accounting EquationUsing the Accounting EquationFinancial StatementsAPPENDIX 1A: Accounting Career OpportunitiesA Look at IFRS
Chapter 2: The Recording Process
Accidents HappenThe AccountSteps in the Recording ProcessThe Recording Process IllustratedThe Trial BalanceA Look at IFRS
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 IFRS
Chapter 4: Completing the Accounting Cycle
Everyone Likes to WinUsing a WorksheetClosing the BooksSummary of the Accounting CycleThe Classified Balance SheetAPPENDIX 4A: Reversing EntriesA Look at IFRS
Chapter 5: Accounting for Merchandising Operations
Who Doesn't Shop at Wal-Mart?Merchandising OperationsRecording Purchases of MerchandiseRecording Sales of MerchandiseCompleting the Accounting CycleForms of Financial StatementsAPPENDIX 5A: Periodic Inventory SystemAPPENDIX 5B: Worksheet for a Merchandising CompanyA Look at IFRS
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 InventoriesA Look at IFRS
Chapter 7: Fraud, Internal Control, and Cash
Minding the Money in Moose JawFraud and Internal ControlCash ControlsControl Features: Use of a BankReporting CashA Look at IFRS
Chapter 8: Accounting for Receivables
A Dose of Careful Management Keeps Receivables HealthyTypes of ReceivablesAccounts ReceivableNotes ReceivableStatement Presentation and AnalysisA Look at IFRS
Chapter 9: Plant Assets, Natural Resources, and Intangible Assets
How Much for a Ride to the Beach?Plant AssetsNatural ResourcesIntangible AssetsStatement Presentation and AnalysisAPPENDIX 9A: Exchange of Plant AssetsA Look at IFRS
Chapter 10: Liabilities
Financing His DreamsCurrent LiabilitiesLong-Term LiabilitiesAPPENDIX 10A: Present Value Concepts Related to Bond PricingAPPENDIX 10B: Effective-Interest Method of Bond AmortizationAPPENDIX 10C: Straight-Line AmortizationA Look at IFRS
Chapter 11: Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings
What's Cooking?The Corporate Form of OrganizationAccounting for Stock TransactionsDividendsRetained EarningsStatement Presentation and AnalysisAPPENDIX 11A: Stockholders’ Equity StatementAPPENDIX 11B: Book Value—Another Per Share AmountA Look at IFRS
Chapter 12: Investments
“Is There Anything Else We Can Buy?”Why Corporations InvestAccounting for Debt InvestmentsAccounting for Stock InvestmentsValuing and Reporting InvestmentsAPPENDIX 12A: Preparing Consolidated Financial StatementsA Look at IFRS
Chapter 13: Statement of Cash Flows
Got Cash?Statement of Cash Flows: Usefulness and FormatPreparing the Statement of Cash Flows—Indirect MethodUsing Cash Flows to Evaluate a CompanyAPPENDIX 13A: Using a Worksheet to Prepare the Statement of Cash Flows—Indirect MethodAPPENDIX 13B: Statement of Cash Flows—Direct MethodAPPENDIX 13C: Statement of Cash Flows—T-Account ApproachA Look at IFRS
Chapter 14: Financial Statement Analysis
It Pays to Be PatientBasics of Financial Statement AnalysisHorizontal AnalysisVertical AnalysisRatio AnalysisEarning Power and Irregular ItemsQuality of EarningsA Look at IFRS
Chapter 15: Managerial Accounting
Just Add Water … and PaddleManagerial Accounting BasicsManagerial Cost ConceptsManufacturing Costs in Financial StatementsManagerial Accounting Today
Chapter 16: Job Order Costing
She Succeeds Where Others Have FailedCost Accounting SystemsJob Order Cost FlowReporting Job Cost Data
Chapter 17: Process Costing
Ben & Jerry's Tracks Its Mix-UpsThe Nature of Process Cost SystemsEquivalent UnitsProduction Cost ReportAPPENDIX 17A: FIFO Method
Chapter 18: Activity-Based Costing
Precor Is on Your SideTraditional Costing and Activity-Based CostingExample of ABC versus Traditional CostingActivity-Based Costing: A Closer LookActivity-Based Costing in Service IndustriesAPPENDIX 18A: Just-in-Time Processing
Chapter 19: Cost-Volume-Profit
Don't Worry—Just Get BigCost Behavior AnalysisCost-Volume-Profit Analysis
Chapter 20: Cost-Volume-Profit Analysis: Additional Issues
Rapid ReplayCost-Volume-Profit (CVP) ReviewSales MixCost Structure and Operating LeverageAPPENDIX 20A: Absorption Costing versus Variable Costing
Chapter 21: Incremental Analysis
Make It or Buy It?Management's Decision-Making ProcessTypes of Incremental AnalysisOther Considerations in Decision-Making
Chapter 22: Pricing
They've Got Your Size—and ColorPricing Goods for External SalesPricing ServicesTransfer Pricing for Internal SalesTransfers Between Divisions in Different CountriesAPPENDIX 22A: Other Cost Approaches to Pricing
Chapter 23: Budgetary Planning
Was This the Next Amazon.com? Not QuiteBudgeting BasicsPreparing the Operating BudgetsPreparing the Financial BudgetsBudgeting in Nonmanufacturing Companies
Chapter 24: Budgetary Control and Responsibility Accounting
Turning Trash Into TreasureBudgetary ControlStatic Budget ReportsFlexible BudgetsResponsibility AccountingTypes of Responsibility CentersAPPENDIX 24A: Residual Income—Another Performance Measurement
Chapter 25: Standard Costs and Balanced Scorecard
80,000 Different Caffeinated CombinationsThe Need for StandardsSetting Standard CostsAnalyzing and Reporting Variances from StandardsBalanced ScorecardAPPENDIX 25A: Standard Cost Accounting SystemAPPENDIX 25B: A Closer Look at Overhead Variances
Chapter 26: Planning for Capital Investments
Floating HotelsThe Capital Budgeting Evaluation ProcessCash PaybackNet Present Value MethodAdditional ConsiderationsOther Capital Budgeting Techniques
Appendix A: Specimen Financial Statements: PepsiCo, Inc.
Appendix B: Specimen Financial Statements: The Coca-Cola Company
Appendix C: Specimen Financial Statements: Zetar plc
Appendix D: Time Value of Money
Nature of InterestFuture Value ConceptsPresent Value ConceptsUsing Financial Calculators
Appendix E: Payroll Accounting
Accounting for PayrollEmployer Payroll TaxesInternal Control for Payroll
Appendix F: Subsidiary Ledgers and Special Journals
Expanding the Ledger—Subsidiary LedgersExpanding the Journal—Special Journals
Appendix G: Other Significant Liabilities
Contingent LiabilitiesLease LiabilitiesAdditional Liabilities for Employee Fringe Benefits
Appendix H: Standards of Ethical Conduct for Management Accountants
IMA Statement of Ethical Professional Practice
Cases for Management Decision-Making
Photo Credits
Company Index
Subject Index

Content preview from Financial and Managerial Accounting

Chapter 1

Accounting in Action

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

Opportunities in Government

The Recording Process

Accidents Happen

The Account

Debits and Credits

Stockholders’ Equity Relationships

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

Adjusting the Accounts

What Was Your Profit?

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 Statements ...

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Financial and Managerial Accounting

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

Contents

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.