Accounting Principles

✍ Scribed by Jerry J. Weygandt PhD, CPA & Paul D. Kimmel PhD, CPA & Donald E. Kieso PhD, CPA

• Publisher: Wiley
• Year: 2018
• Tongue: English
• Edition: 13
• Category: Library

✦ Synopsis

Cover; Title Page; Copyright; Dedication; Brief Contents; From the Authors; Author Commitment; Contents; Acknowledgments; 1 Accounting in Action; Knowing the Numbers: Columbia Sportswear; Accounting Activities and Users; Three Activities; Who Uses Accounting Data; The Building Blocks of Accounting; Ethics in Financial Reporting; Generally Accepted Accounting Principles; Measurement Principles; Assumptions; The Accounting Equation; Assets; Liabilities; Owner's Equity; Analyzing Business Transactions; Accounting Transactions; Transaction Analysis; Summary of Transactions;Illustration of Journalizing and PostingThe Trial Balance; Limitations of a Trial Balance; Locating Errors; Dollar Signs and Underlining; A Look at IFRS; 3 Adjusting the Accounts; Keeping Track of Groupons: Groupon; Accrual-Basis Accounting and Adjusting Entries; Fiscal and Calendar Years; Accrual- versus Cash-Basis Accounting; Recognizing Revenues and Expenses; The Need for Adjusting Entries; Types of Adjusting Entries; Adjusting Entries for Deferrals; Prepaid Expenses; Unearned Revenues; Adjusting Entries for Accruals; Accrued Revenues; Accrued Expenses;Of Basic RelationshipsAdjusted Trial Balance and Financial Statements; Preparing the Adjusted Trial Balance; Preparing Financial Statements; Appendix 3A: Alternative Treatment of Deferrals; Prepaid Expenses; Unearned Revenues; Summary of Additional Adjustment Relationships; Appendix 3B: Financial Reporting Concepts; Qualities of Useful Information; Assumptions in Financial Reporting; Principles in Financial Reporting; Cost Constraint; A Look at IFRS; 4 Completing the Accounting Cycle; Everyone Likes to Win: Rhino Foods; The Worksheet; Steps in Preparing a Worksheet

✦ Table of Contents

Cover
Title Page
Copyright
Dedication
Brief Contents
From the Authors
Author Commitment
Contents
Acknowledgments
1 Accounting in Action
Knowing the Numbers: Columbia Sportswear
Accounting Activities and Users
Three Activities
Who Uses Accounting Data
The Building Blocks of Accounting
Ethics in Financial Reporting
Generally Accepted Accounting Principles
Measurement Principles
Assumptions
The Accounting Equation
Assets
Liabilities
Owner's Equity
Analyzing Business Transactions
Accounting Transactions
Transaction Analysis
Summary of Transactions The Four Financial StatementsIncome Statement
Owner's Equity Statement
Balance Sheet
Statement of Cash Flows
Appendix 1A: Career Opportunities in Accounting
Public Accounting
Private Accounting
Governmental Accounting
Forensic Accounting
"Show Me the Money"
A Look at IFRS
2 The Recording Process
Accidents Happen: MF Global Holdings
Accounts, Debits, and Credits
The Account
Debits and Credits
Summary of Debit/Credit Rules
The Journal
The Recording Process
The Journal
The Ledger and Posting
The Ledger
Posting
Chart of Accounts
The Recording Process Illustrated Preparing Financial Statements from a WorksheetPreparing Adjusting Entries from a Worksheet
Closing the Books
Preparing Closing Entries
Posting Closing Entries
Preparing a Post-Closing Trial Balance
The Accounting Cycle and Correcting Entries
Summary of the Accounting Cycle
Reversing Entries-An Optional Step
Correcting Entries-An Avoidable Step
Classified Balance Sheet
Current Assets
Long-Term Investments
Property, Plant, and Equipment
Intangible Assets
Current Liabilities
Long-Term Liabilities
Owner's Equity
Appendix 4A: Reversing Entries
Reversing Entries Example

✦ Subjects

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