1. Accounting Systems
1.1 Financial Accounting Systems
1.2 Need for Financial Accounting Systems
1.3 Financial Statements
1.4 Purpose of Financial Statements
1.5 Financial Accounting Standards
Solved Examples
Practice Exercise
Chapter Summary
2. The Accounting Cycle
2.1 Measuring Economic Activities
2.2 Increasing and Decreasing Accounts
Solved Examples
Practice Exercises
Discussion questions
Chapter Summary
3. End of Period Accounting Cycle
3.1 Cash vs. Accrual Accounting
3.2 Accruing Revenues and Incurring Expenses
3.3 Financial Statement Reporting
Solved Examples
Practice Exercises
Discussion questions
Chapter Summary
4. Overview of Financial Statements
4.1 Balance Sheet
4.2 Income Statement
4.3 Statement of Cash Flows
4.4 Notes to the Financial Statements
4.5 Miscellaneous Accounting Concepts and Conventions Solved
Examples
Practice Exercise
Chapter Summary
5. The Balance Sheet
5.1 Current Assets
5.2 Long-term Assets
5.3 Current Liabilities
5.4 Long-term Liabilities
5.5 Stockholders’ Equity
5.6 Transaction Analysis and Balance Sheet Creation
Case Study
Solved Examples
Practice Exercise
Chapter Summary
6. The Income Statement
6.1 Measures of Income
6.2 Types of Revenues
6.3 Types of Expenses
6.4 Earnings per Share (EPS) and Diluted EPS
6.5 Revenue Recognition
6.6 Expense Recognition
6.7 Expanded Accounting Equation
6.8 Transaction Analysis and Income Statement Creation
Case Study
Solved Examples
Practice Exercise
Chapter Summary
7. The Statement of Cash Flows
7.1 Categories of Cash Flow Activities
7.2 Cash Flow Pattern
7.3 Cash Flow Statement Preparation
Case Study
Solved Examples
Practice Exercise
Chapter Summary
Glossary