Financial Accounting – Carl S. Warren, James M. Reeve, Jonathan Duchac – 12th Edition

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Table of Contents

The Author Team
A History of Success
New to the 12th Edition
Chapter-by-Chapter Enhancements
Chapter-by-Chapter Enhancements
Hallmark Features of Financial Accounting, 12e
Online Solutions
For the Instructor
For the Student
Acknowledgments
Contents

CHAPTER 1: Introduction to Accounting and Business
Nature of Business and Accounting
Generally Accepted Accounting Principles
The Accounting Equation
Business Transactions and the Accounting Equation
Financial Statements
Financial Analysis and Interpretation: Ratio of Liabilities to Owner’s Equity
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Continuing Problem
Cases & Projects

CHAPTER 2: Analyzing Transactions
Using Accounts to Record Transactions
Double-Entry Accounting System
Posting Journal Entries to Accounts
Trial Balance
Financial Analysis and Interpretation: Horizontal Analysis
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Continuing Problem
Cases & Projects

CHAPTER 3: The Adjusting Process
Nature of the Adjusting Process
Adjusting Entries
Summary of Adjustment Process
Adjusted Trial Balance
Financial Analysis and Interpretation: Vertical Analysis
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Continuing Problem
Cases & Projects

CHAPTER 4: Completing the Accounting Cycle
Flow of Accounting Information
Financial Statements
Closing Entries
Accounting Cycle
Illustration of the Accounting Cycle
Fiscal Year
Financial Analysis and Interpretation: Working Capital and Current Ratio
APPENDIX 1: End-of-Period Spreadsheet (Work Sheet)
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Continuing Problem
Comprehensive Problem 1
Cases & Projects

CHAPTER 5: Accounting Systems
Basic Accounting Systems
Manual Accounting Systems
Computerized Accounting Systems
E-Commerce
Financial Analysis and Interpretation: Segment Analysis
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Cases & Projects

CHAPTER 6: Accounting for Merchandising Businesses
Nature of Merchandising Businesses
Financial Statements for a Merchandising Business
Merchandising Transactions
The Adjusting and Closing Process
Financial Analysis and Interpretation: Ratio of Net Sales to Assets
APPENDIX: The Periodic Inventory System
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Comprehensive Problem 2
Cases & Projects

CHAPTER 7: Inventories
Control of Inventory
Inventory Cost Flow Assumptions
Inventory Costing Methods Under a Perpetual Inventory System
Inventory Costing Methods Under a Periodic Inventory System
Comparing Inventory Costing Methods
Reporting Merchandise Inventory in the Financial Statements
Financial Analysis and Interpretation: Inventory Turnover and Number of Days’ Sales in Inventory
APPENDIX: Estimating Inventory Cost
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Cases & Projects

CHAPTER 8: Sarbanes-Oxley, Internal Control, and Cash
Sarbanes-Oxley Act of 2002
Internal Control
Cash Controls Over Receipts and Payments
Bank Accounts
Bank Reconciliation
Special-Purpose Cash Funds
Financial Statement Reporting of Cash
Financial Analysis and Interpretation: Ratio of Cash to Monthly Cash Expenses
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Cases & Projects

CHAPTER 9: Receivables
Classification of Receivables
Uncollectible Receivables
Direct Write-Off Method for Uncollectible Accounts
Allowance Method for Uncollectible Accounts
Comparing Direct Write-Off and Allowance Methods
Notes Receivable
Reporting Receivables on the Balance Sheet
Financial Analysis and Interpretation: Accounts Receivable Turnover and Number of Days’ Sales in R
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Cases & Projects

CHAPTER 10: Fixed Assets and Intangible Assets
Nature of Fixed Assets
Accounting for Depreciation
Disposal of Fixed Assets
Natural Resources
Intangible Assets
Financial Reporting for Fixed Assets and Intangible Assets
Financial Analysis and Interpretation: Fixed Asset Turnover Ratio
APPENDIX: Exchanging Similar Fixed Assets
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Cases & Projects

CHAPTER 11: Current Liabilities and Payroll
Current Liabilities
Payroll and Payroll Taxes
Accounting Systems for Payroll and Payroll Taxes
Employees’ Fringe Benefits
Contingent Liabilities
Financial Analysis and Interpretation: Quick Ratio
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Comprehensive Problem 3
Cases & Projects

CHAPTER 12: Accounting for Partnerships and Limited Liability Companies
Proprietorships, Partnerships, and Limited Liability Companies
Forming and Dividing Income of a Partnership
Partner Admission and Withdrawal
Liquidating Partnerships
Statement of Partnership Equity
Financial Analysis and Interpretation: Revenue per Employee
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Cases & Projects

CHAPTER 13: Corporations: Organization, Stock Transactions, and Dividends
Nature of a Corporation
Stockholders’ Equity
Paid-In Capital from Issuing Stock
Accounting for Dividends
Treasury Stock Transactions
Reporting Stockholders’ Equity
Stock Splits
Financial Analysis and Interpretation: Earnings per Share
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Cases & Projects

CHAPTER 14: Long-Term Liabilities: Bonds and Notes
Financing Corporations
Nature of Bonds Payable
Accounting for Bonds Payable
Installment Notes
Reporting Long-Term Liabilities
Financial Analysis and Interpretation: Number of Times Interest Charges Are Earned
APPENDIX 1: Present Value Concepts and Pricing Bonds Payable
APPENDIX 2: Effective Interest Rate Method of Amortization
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Cases & Projects

CHAPTER 15: Investments and Fair Value Accounting
Why Companies Invest
Accounting for Debt Investments
Accounting for Equity Investments
Valuing and Reporting Investments
Fair Value Accounting
Financial Analysis and Interpretation: Dividend Yield
APPENDIX: Comprehensive Income
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Comprehensive Problem 4
Cases & Projects

CHAPTER 16: Statement of Cash Flows
Reporting Cash Flows
Statement of Cash Flows—The Indirect Method
Statement of Cash Flows—The Direct Method
Financial Analysis and Interpretation: Free Cash Flow
APPENDIX: Spreadsheet (Work Sheet) for Statement of Cash Flows—The Indirect Method
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Cases & Projects

CHAPTER 17: Financial Statement Analysis
Basic Analytical Methods
Solvency Analysis
Profitability Analysis
Corporate Annual Reports
APPENDIX: Unusual Items on the Income Statement
Key Terms
Illustrative Problem
Discussion Questions
Exercises
Problems Series A
Problems Series B
Nike, Inc., Problem
Cases & Projects

Appendices
Appendix A: Interest Tables
Appendix B: Reversing Entries
Appendix C
Appendix D: International Financial Reporting Standards (IFRS)
Glossary
Subject Index
Company Index
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