Financial accounting

著者

• Harrison, Walter T.
• Horngren, Charles T. (Charles Thomas)
• Thomas, C. William

書誌事項

Financial accounting

Walter T. Harrison Jr., Charles T. Horngren, C. William (Bill) Thomas

Pearson, c2015

10th ed

注記

Includes indexes

内容説明・目次

内容説明

ALERT: Before you purchase, check with your instructor or review your course syllabus to ensure that you select the correct ISBN. Several versions of Pearson's MyLab & Mastering products exist for each title, including customized versions for individual schools, and registrations are not transferable. In addition, you may need a CourseID, provided by your instructor, to register for and use Pearson's MyLab & Mastering products. Packages Access codes for Pearson's MyLab & Mastering products may not be included when purchasing or renting from companies other than Pearson; check with the seller before completing your purchase. ? Used or rental books If you rent or purchase a used book with an access code, the access code may have been redeemed previously and you may have to purchase a new access code. ? Access codes Access codes that are purchased from sellers other than Pearson carry a higher risk of being either the wrong ISBN or a previously redeemed code. Check with the seller prior to purchase. Financial Accounting helps students "nail" the accounting cycle! Financial Accounting features the 'accounting cycle' up front in the text in order to increase success and retention later on. The concepts and mechanics students learn in the critical 'accounting cycle' chapters are used consistently and repetitively-and with clear-cut details and explanations-throughout the remainder of the text, thus minimizing confusion. MyAccountingLab for Financial Accounting is an online homework, tutorial, and assessment program that truly engages students in learning. It helps students better prepare for class, quizzes, and exams-resulting in better performance in the course-and provides educators with a dynamic set of tools for gauging individual and class progress. ? Teaching and Learning Experience ? This program presents a better teaching and learning experience. Financial Accounting, Tenth Edition will: Personalize learning with MyAccountingLab: MyAccountingLab provides instructors with a rich and flexible set of course materials, along with course-management tools that make it easy to deliver all or a portion of your course online. Use consistency, repetition, and a high level of detail when teaching core accounting concepts. Teach with a better coverage of the accounting cycle from start to finish. The text covers a wide range of topics that prepares students for their field.? Reinforce learning by using exercises: End-of-chapter, analytical, and Challenge Problems allows students to review the material and gain a better grasp of the text. Note: You are purchasing a standalone product; MyAccountingLab does not come packaged with this content. If you would like to purchase both the physical text and MyAccountingLab search for ISBN-10: 0133768775/ISBN-13: 9780133768770. That package includes ISBN-10: 0133427536/ISBN-13: 9780133427530 and ISBN-10: 0133437280/ISBN-13: 9780133437287. MyAccountingLab is not a self-paced technology and should only be purchased when required by an instructor.

目次

Chapter 1 The Financial Statements 1 Spotlight: The Gap, Inc. 1 Explain Why Accounting Is the Language of Business 3 Who Uses Accounting Information? 4 Two Kinds of Accounting: Financial Accounting and Management Accounting 4 Organizing a Business 5 Explain and Apply Underlying Accounting Concepts, Assumptions, and Principles 6 The Entity Assumption 8 The Continuity (Going-Concern) Assumption 8 The Historical Cost Principle 8 The Stable-Monetary-Unit Assumption 9 Apply the Accounting Equation to Business Organizations 11 Assets and Liabilities 11 Owners' Equity 12 Evaluate Business Operations Through the Financial Statements 14 The Income Statement Measures Operating Performance 14 The Statement of Retained Earnings Shows What a Company Did with Its Net Income 16 The Balance Sheet Measures Financial Position 17 The Statement of Cash Flows Measures Cash Receipts and Payments 20 Construct Financial Statements and Analyze the Relationships Among Them 21 Evaluate Business Decisions Ethically 23 End-of-Chapter Summary Problem 26 Chapter 2 Transaction Analysis 53 Spotlight: Whole Foods Market, Inc. 53 Explain What a Transaction Is 55 Define "Account," and List and Differentiate Between Different Types of Accounts 55 Assets 55 Liabilities 56 Stockholders' (Owners') Equity 56 Show the Impact of Business Transactions on the Accounting Equation 57 Example: Freddy's Auto Service, Inc. 57 Transactions and Financial Statements 63 Mid-Chapter Summary Problem 66 Analyze the Impact of Business Transactions on Accounts 68 The T-Account 68 Increases and Decreases in the Accounts: The Rules of Debit and Credit 68 Additional Stockholders' Equity Accounts: Revenues and Expenses 70 Record (Journalize and Post) Transactions in the Books 71 Copying Information (Posting) from the Journal to the Ledger 72 The Flow of Accounting Data 73 Accounts after Posting to the Ledger 77 Construct and Use a Trial Balance 78 Analyzing Accounts 79 Correcting Accounting Errors 80 Chart of Accounts 80 The Normal Balance of an Account 81 Account Formats 81 Analyzing Transactions Using Only T-Accounts 82 End-of-Chapter Summary Problem 84 Chapter 3 Accrual Accounting & Income 113 Spotlight: Starbucks Corporation 113 Explain How Accrual Accounting Differs from Cash-Basis Accounting 115 Accrual Accounting and Cash Flows 116 The Time-Period Concept 116 Apply the Revenue and Expense Recognition Principles 116 The Revenue Principle 116 The Expense Recognition Principle 118 Ethical Issues in Accrual Accounting 119 Adjust the Accounts 119 Which Accounts Need to Be Updated (Adjusted)? 119 Categories of Adjusting Entries 120 Prepaid Expenses 120 Depreciation of Plant Assets 123 Accrued Expenses 125 Accrued Revenues 127 Unearned Revenues 128 Summary of the Adjusting Process 129 The Adjusted Trial Balance 132 Construct the Financial Statements 133 Mid-Chapter Summary Problem 135 Close the Books 141 Classifying Assets and Liabilities Based on Their Liquidity 142 Reporting Assets and Liabilities: Starbucks Corporation 143 Formats for the Financial Statements 143 Analyze and Evaluate a Company's Debt-Paying Ability 145 Net Working Capital 145 Current Ratio 145 Debt Ratio 146 How Do Transactions Affect the Ratios? 146 End-of-Chapter Summary Problem 150 Chapter 4 Internal Control & Cash 192 Spotlight: Cooking the Books: Mid-Atlantic Manufacturing Company Takes a Hit 192 Describe Fraud and Its Impact 195 Fraud and Ethics 197 Explain the Objectives and Components of Internal Control 197 The Sarbanes-Oxley Act (SOX) 198 The Components of Internal Control 199 Internal Control Procedures 200 Information Technology 202 Safeguard Controls 203 Internal Controls for E-Commerce 203 Security Measures 203 The Limitations of Internal Control-Costs and Benefits 204 Design and Use a Bank Reconciliation 204 Signature Card 205 Deposit Ticket 205 Check 205 Bank Statement 206 Bank Reconciliation 207 Preparing the Bank Reconciliation 208 Online Banking 211 Mid-Chapter Summary Problem 213 Evaluate Internal Controls Over Cash Receipts and Cash Payments 215 Cash Receipts Over the Counter 215 Cash Receipts by Mail 215 Controls Over Payment by Check 216 Construct and Use a Cash Budget 218 Report Cash on the Balance Sheet 220 Compensating Balance Agreements 220 End-of-Chapter Summary Problem 221 Chapter 5 Short-Term Investments & Receivables 245 Spotlight: Amazing Apple! Short-term investments and accounts receivable are 37 times as large as inventories! 245 Account for Short-Term Investments 247 Reasons to Invest in Other Companies 247 Trading Securities 248 Reporting on the Balance Sheet and the Income Statement 252 Ethics and the Current Ratio 252 Mid-Chapter Summary Problem 253 Apply GAAP for Proper Revenue Recognition 254 Shipping Terms, Sales Discounts, and Sales Returns 255 Account for and Control Accounts Receivable 256 Types of Receivables 256 Internal Controls Over Cash Collections on Account 257 How Do We Manage the Risk of Not Collecting? 257 Evaluate Collectibility Using the Allowance for Uncollectible Accounts 258 Allowance Method 259 Direct Write-Off Method 265 Computing Cash Collections from Customers 265 Account for Notes Receivable 266 Accounting for Notes Receivable 267 Show How to Speed Up Cash Flow from Receivables 269 Credit Card or Bankcard Sales 269 Selling (Factoring) Receivables 270 Reporting on the Statement of Cash Flows 270 Evaluate Liquidity Using Two New Ratios 271 Quick (Acid-Test) Ratio 271 Days' Sales in Receivables 271 End-of-Chapter Summary Problem 273 Chapter 6 Inventory & Cost of Goods Sold 300 Spotlight: Family Dollar Stores, Inc. 300 Show How to Account for Inventory 303 Sale Price vs. Cost of Inventory 304 Accounting for Inventory in the Perpetual System 306 Apply and Compare Various Inventory Cost Methods 308 What Goes into Inventory Cost? 308 Apply the Various Inventory Costing Methods 309 Compare the Effects of FIFO, LIFO, and Average Cost on Cost of Goods Sold, Gross Profit, and Ending Inventory 311 Keeping Track of Perpetual Inventories under LIFO and Weighted-Average Cost Methods 312 The Tax Advantage of LIFO 313 Mid-Chapter Summary Problem 314 Explain and Apply Underlying GAAP for Inventory 316 Disclosure Principle 316 Lower-of-Cost-or-Market Rule 316 Inventory and the Detailed Income Statement 318 Compute and Evaluate Gross Profit (Margin) Percentage and Inventory Turnover 318 Gross Profit Percentage 318 Inventory Turnover 319 Use the COGS Model to Make Management Decisions 320 Computing Budgeted Purchases 321 Estimating Inventory by the Gross Profit Method 321 Analyze Effects of Inventory Errors 322 End-of-Chapter Summary Problem 325 Chapter 7 Plant Assets, Natural Resources, & Intangibles 362 Spotlight: FedEx Corporation 362 Measure and Account for the Cost of Plant Assets 365 Land 365 Buildings, Machinery, and Equipment 365 Land Improvements and Leasehold Improvements 366 Lump-Sum (or Basket) Purchases of Assets 366 Distinguish a Capital Expenditure from an Immediate Expense 367 Measure and Record Depreciation on Plant Assets 369 How to Measure Depreciation 370 Depreciation Methods 370 Comparing Depreciation Methods 375 Mid-Chapter Summary Problem 377 Other Issues in Accounting for Plant Assets 378 Depreciation for Tax Purposes 378 Depreciation for Partial Years 380 Changing the Useful Life of a Depreciable Asset 380 Fully Depreciated Assets 382 Analyze the Effect of a Plant Asset Disposal 382 Disposing of a Fully Depreciated Asset for No Proceeds 383 Selling a Plant Asset 383 Exchanging a Plant Asset 384 T-Accounts for Analyzing Plant Asset Transactions 385 Apply GAAP for Natural Resources and Intangible Assets 387 Accounting for Natural Resources 387 Accounting for Intangible Assets 388 Accounting for Specific Intangibles 388 Accounting for Research and Development Costs 390 Explain the Effect of an Asset Impairment on the Financial Statements 390 Analyze Rate of Return on Assets 392 DuPont Analysis: A More Detailed View of ROA 393 Analyze the Cash Flow Impact of Long-Lived Asset Transactions 394 End-of-Chapter Summary Problem 397 Chapter 8 Long-Term Investments & the Time Value of Money 428 Spotlight: Intel Holds Several Different Types of Investments 428 Stock and Bond Prices 430 Reporting Investments on the Balance Sheet 430 Analyze and Report Investments in Held-to-Maturity Debt Securities 431 Analyze and Report Investments in Available-for-Sale Securities 433 Accounting Methods for Long-Term Stock Investments 433 The Fair Value Adjustment 435 Selling an Available-for-Sale Investment 436 Analyze and Report Investments in Affiliated Companies Using the Equity Method 437 Buying a Large Stake in Another Company 437 Accounting for Equity-Method Investments 438 Analyze and Report Controlling Interests in Other Corporations Using Consolidated Financial Statements 440 Why Buy Controlling Interest in Another Company? 440 Consolidation Accounting 440 The Consolidated Balance Sheet and the Related Work Sheet 441 Goodwill and Noncontrolling Interest 442 Income of a Consolidated Entity 442 Mid-Chapter Summary Problem 444 Consolidation of Foreign Subsidiaries 446 Foreign Currencies and Exchange Rates 446 The Foreign-Currency Translation Adjustment 447 Report Investing Activities on the Statement of Cash Flows 448 Explain the Impact of the Time Value of Money on Certain Types of Investments 449 Present Value 450 Present-Value Tables 451 Present Value of an Ordinary Annuity 452 Using Microsoft Excel to Calculate Present Value 454 Using the PV Model to Compute Fair Value of Available-for-Sale Investments 455 Present Value of an Investment in Bonds 456 End-of-Chapter Summary Problems 457 Chapter 9 Liabilities 482 Spotlight: Southwest Airlines: Still Flying High! 482 Account for Current and Contingent Liabilities 484 Current Liabilities of Known Amount 484 Current Liabilities That Must Be Estimated 490 Contingent Liabilities 491 Are All Liabilities Reported on the Balance Sheet? 492 Summary of Current Liabilities 493 Mid-Chapter Summary Problem 493 Account for Bonds Payable, Notes Payable, and Interest Expense 494 Bonds: An Introduction 494 Issuing Bonds Payable at Par (Face Value) 497 Issuing Bonds Payable at a Discount 499 What Is the Interest Expense on These Bonds Payable? 499 Interest Expense on Bonds Issued at a Discount 501 Partial-Period Interest Amounts 504 Issuing Bonds Payable at a Premium 504 The Straight-Line Amortization Method: A Quick and Dirty Way to Measure Interest Expense 508 Should We Retire Bonds Payable Before Their Maturity? 509 Convertible Bonds and Notes 509 Analyze and Differentiate Financing with Debt Versus Equity 510 The Leverage Ratio 512 The Times-Interest-Earned Ratio 513 Understand Other Long-Term Liabilities 513 Leases 513 Types of Leases 513 Do Lessees Prefer Operating Leases or Capital Leases? 514 Pensions and Postretirement Liabilities 515 Report Liabilities 516 Reporting on the Balance Sheet 516 Disclosing the Fair Value of Long-Term Debt 517 Reporting Financing Activities on the Statement of Cash Flows 517 End-of-Chapter Summary Problems 518 Chapter 10 Stockholders' Equity 550 Spotlight: The Home Depot: Building Toward Success 550 Explain the Features of a Corporation 552 Organizing a Corporation 553 Stockholders' Rights 554 Stockholders' Equity 555 Classes of Stock 555 Account for the Issuance of Stock 557 Common Stock 557 A Stock Issuance for Other Than Cash Can Create an Ethical Challenge 560 Preferred Stock 561 Mid-Chapter Summary Problem 562 Authorized, Issued, and Outstanding Stock 564 Show how Treasury Stock Affects a Company 564 How Is Treasury Stock Recorded? 564 Retirement of Treasury Stock 566 Resale of Treasury Stock 566 Issuing Stock for Employee Compensation 566 Summary of Treasury-Stock Transactions 567 Account for Retained Earnings, Dividends, and Splits 567 Should the Company Declare and Pay Cash Dividends? 568 Cash Dividends 568 Analyzing the Stockholder's Equity Accounts 569 Dividends on Preferred Stock 570 Stock Dividends 571 Stock Splits 572 Summary of the Effects on Assets, Liabilities, and Stockholders' Equity 573 Use Stock Values in Decision Making 573 Market, Redemption, Liquidation, and Book Value 573 ROE: Relating Profitability to Stockholder Investment 575 Report Stockholders' Equity Transactions in the Financial Statements 577 Statement of Cash Flows 577 Statement of Stockholders' Equity 578 A Detailed Stockholders' Equity Section of the Balance Sheet 579 End-of-Chapter Summary Problems 581 Chapter 11 Evaluating Performance: Earnings Quality, the Income Statement, & the Statement of Comprehensive Income 617 Spotlight: The Gap, Inc.: What a Difference a Year Makes! 617 Evaluate Quality of Earnings 619 Revenue Recognition 620 Cost of Goods Sold and Gross Profit (Gross Margin) 621 Operating and Other Expenses 622 Operating Income (Earnings) 622 Account for Foreign-Currency Gains and Losses 623 Dollars versus Foreign Currency 623 Reporting Foreign-Currency Gains and Losses on the Income Statement 624 Reporting Foreign-Currency Exchange Gains and Losses on Cash and Cash Equivalents in the Statement of Cash Flows 624 Should We Hedge Our Foreign-Currency- Transaction Risk? 625 Account for Other Items on the Income Statement 625 Interest Expense and Interest Income 625 Corporate Income Taxes 625 Which Income Number Predicts Future Profits? 627 Discontinued Operations 628 Accounting Changes 629 Compute Earnings per Share 630 Analyze the Statement of Comprehensive Income, Footnotes, and Supplemental Disclosures 631 Reporting Comprehensive Income 631 For Additional Details, Don't Forget the Footnotes 632 Nonfinancial Reports 634 Differentiate Management's and Auditors' Responsibilities in Financial Reporting 634 Management's Responsibility 634 Auditor Report 634 End-of-Chapter Summary Problems 637 Chapter 12 The Statement of Cash Flows 664 Spotlight: Google: The Ultimate Answer (and Cash) Machine 664 Identify the Purposes of the Statement of Cash Flows 666 How's Your Cash Flow? Telltale Signs of Financial Difficulty 667 Distinguish Among Operating, Investing, and Financing Activities 668 Two Formats for Operating Activities 669 Prepare a Statement of Cash Flows by the Indirect Method 669 Cash Flows from Operating Activities 671 Cash Flows from Investing Activities 675 Cash Flows from Financing Activities 676 Noncash Investing and Financing Activities 680 Mid-Chapter Summary Problem 681 Prepare a Statement of Cash Flows by the Direct Method 684 Cash Flows from Operating Activities 685 Depreciation, Depletion, and Amortization Expense 687 Cash Flows from Investing Activities 687 Cash Flows from Financing Activities 688 Noncash Investing and Financing Activities 688 Computing Operating Cash Flows by the Direct Method 689 Computing Investing and Financing Cash Flows 693 Measuring Cash Adequacy: Free Cash Flow 694 End-of-Chapter Summary Problems 696 Chapter 13 Financial Statement Analysis 739 Spotlight: How Well Is Amazon.com Doing? 739 It Starts with the Big Picture 741 Perform Horizontal Analysis 743 Illustration: Amazon.com, Inc. 743 Trend Percentages 748 Perform Vertical Analysis 749 Illustration: Amazon.com, Inc. 749 Prepare Common-Size Financial Statements 752 Benchmarking 753 Benchmarking Against a Key Competitor 753 Analyze the Statement of Cash Flows 753 Mid-Chapter Summary Problem 756 Use Ratios to Make Business Decisions 757 Remember to Start at the Beginning: Company and Industry Information 758 Now Let's Do the Numbers 759 Measuring Ability to Pay Current Liabilities 759 Measuring Turnover and the Cash Conversion Cycle 762 Measuring Leverage: Overall Ability to Pay Debts 765 Measuring Profitability 766 Analyzing Stock as an Investment 771 The Limitations of Ratio Analysis 773 Use Other Measures to Make Investment Decisions 773 Economic Value Added (EVA (R)) 773 Red Flags in Financial Statement Analysis 774 Efficient Markets 775 End-of-Chapter Summary Problems 778 Appendix A: Amazon.com 2012 Annual Report 821 Appendix B: Yum! Brands, Inc. Annual Report 2012 845 Appendix C: Typical Charts of Accounts for Different Types of Businesses 863 Appendix D: Summary of Generally Accepted Accounting Principles (GAAP) 865 Appendix E: Summary of Differences Between U.S. GAAP and IFRS Cross Referenced to Chapter 867 Company Index 871 Glindex 875

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詳細情報

• NII書誌ID(NCID): BB14912994
• ISBN:
  • 9780133427530
• LCCN: 2013042426
• 出版国コード: us
• タイトル言語コード: eng
• 本文言語コード: eng
• 出版地: Boston ; Tokyo
• ページ数/冊数: xxvi, 885 p.
• 大きさ: 29 cm
• 分類:
  • LCC : HF5636
  • DC23 : 657
• 件名:
  • LCSH : Accounting