Accounting Books
Taylor & Francis Estimating the Economic Rate of Return From Accounting Data RLE Accounting Routledge Library Editions Accounting
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£135.00
Taylor & Francis Ltd The Continuing Debate Over Depreciation Capital and Income RLE Accounting Routledge Library Editions Accounting
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£142.50
Taylor & Francis Ltd Accounting Theory Routledge Library Editions Accounting
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£128.25
Taylor & Francis Ltd Studies in Accounting Routledge Library Editions Accounting
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£175.75
Taylor & Francis Ltd Twentieth Century Accounting Thinkers RLE Accounting Routledge Library Editions Accounting
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£145.00
Taylor & Francis Ltd Accounting Methodology and the Work of R J Chambers RLE Accounting 36 Routledge Library Editions Accounting
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£135.00
Taylor & Francis Ltd History and Survey of Accountancy RLE Accounting Routledge Library Editions Accounting
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£135.00
Taylor & Francis Ltd International Group Accounting RLE Accounting Issues in European Harmonization Routledge Library Editions Accounting
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£118.75
Taylor & Francis A New Approach to Management Accounting History RLE Accounting Routledge Library Editions Accounting
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£130.06
Taylor & Francis Ltd American Accountants and Their Contributions to Accounting Thought RLE Accounting 19001930 Routledge Library Editions Accounting
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£84.99
Taylor & Francis Ltd Ecology Sustainable Development and Accounting
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£150.00
Taylor & Francis Ltd The Evolution of Behavioral Accounting Research RLE Accounting An Overview Routledge Library Editions Accounting
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£130.06
Taylor & Francis Ltd Perspectives on Accounting and Finance in China RLE Accounting Routledge Library Editions Accounting
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£62.58
Taylor & Francis Ltd Economic Accounting RLE Accounting Routledge Library Editions Accounting
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£87.39
Taylor & Francis Ltd Accounting History 19761986 RLE Accounting An Anthology 12 Routledge Library Editions Accounting
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£175.00
Taylor & Francis Ltd Management Audit Approach in Writing Business History RLE Accounting A Comparison with Kennedys Technique on Railroad History 18 Routledge Library Editions Accounting
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£48.73
Taylor & Francis Ltd From the Companies Act of 1929 to the Companies Act of 1948 RLE Accounting A Study of Change in the Law and Practice of Accounting 6 Routledge Library Editions Accounting
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£145.00
Taylor & Francis Ltd Accounting and Industrial Relations RLE Accounting Some Historical Evidence on Their Interaction Routledge Library Editions Accounting
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£87.39
Taylor & Francis Ltd Legal Regulation of British Company Accounts 18361900 RLE Accounting Volume 1 Routledge Library Editions Accounting
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£87.39
Taylor & Francis Ltd Accounting for Business
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£61.99
Taylor & Francis Ltd Sage Accounts Made Simple Made Simple Computing
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£18.46
Taylor & Francis Ltd Fundamentals of Risk Management for Accountants and Managers Tools and Techniques
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£73.14
Taylor & Francis Leading the Economic Risorgimento
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£155.00
Taylor & Francis Multinational Enterprises and Transparent Tax Reporting
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£135.00
Taylor & Francis Ltd The Routledge Handbook of Accounting in Asia
Book SynopsisAs the centre of world economic development has shifted towards Asia over the last two decades, many Asian countries have witnessed rapid growth in economic and business operations. In light of these recent changes, accounting has played a significant role in assisting economic transition and advancement in Asian countries. However, although the general trend over recent decades towards convergence in financial reporting standards and practices has dramatically improved the comparability of accounting information, considerable variances remain in practices between countries.This Handbook therefore provides an up-to-date review of contemporary accountancy across Asia, illustrating how standards have been reshaped to accommodate the needs of economic and social trends. As well as providing an overview of standards in the larger Asian economies of China, India and Japan, contributions to the Handbook also include studies of countries such as Sri Lanka, NepTable of ContentsPrefaceSection I Financial Accounting and Reporting:1. Development of Financial Reporting Standards and Practices in Indonesia2. Transparency at the Crossroads: Contemporary Accountancy in Korea3. Adoption of Fair Value Accounting and Its Implementation in China4. Development of Accounting and Financial Reporting Practices in The Islamic Republic of PakistanSection II Management Accounting5. Management Accounting in Japan: Current Practices6. Development of Management Accounting Practices in Indonesia7. Evolution and Development of Management Accounting Practices in Thailand 8. Development of Management Accounting in Sri Lanka Section III Auditing and Accounting Professionalization9. Auditing Standards and Practice in China: an Overview of the Development in Past Two Decades 10. Development of Accounting Profession in Cambodia11. Development of Accounting Professionalization in TaiwanSection IV Governmental and Public Sector Accounting12. The Evolution and Reforms of Governmental Accounting in China13. Accounting for Governments and Organizations in the Public Sector in India14. Public Sector Accounting Practices and Reforms in NepalSection V Accounting education15. Accounting Education in Japan16. Accounting Education in SingaporeSection VI Accounting Development in Asian Emerging Economies 17. Recent Development of Accounting and Reporting Practices in Vietnam18. Accounting Development in Bangladesh19. Accounting Environment in Cambodia20. Development of Accounting Practices in Mongolia
£215.00
Taylor & Francis Ltd Business History
Book SynopsisThe evolution of business history offers some radical ways forward for a discipline which is rich in potential. This shortform book offers an expert overview of how the field has relevance for contemporary business studies as well as the social sciences more broadly, as well as practitioners interested in historical perspectives.This book not only provides a comprehensive review of how the discipline of business history has evolved over the last century, but it also lays out an agenda for the next decade. Focusing specifically on the three pillars' of research, teaching and practical impact, the authors have outlined how while the first has flourished across many continents, the latter two are struggling to overcome significant challenges associated with how the discipline is perceived, especially in the social sciences. A solution is proposed that would involve academics working more closely with practitioners, thereby increasing the discipline's credibility across key stakeTrade Review"This short volume is ...wise, experienced, and fairly balanced..." Leslie Hannah, Economic History ReviewTable of Contents1. Introduction 2. A history of business history 3. Business history and the ‘historic turn’ 4. Business history in social science journals 5. Business history, international business and strategy scholarship 6. Teaching history in business and management schools 7. Business history: impact? 8. Conclusions: whither business history?
£62.58
Taylor & Francis Ltd The Routledge Companion to Fair Value in
Book SynopsisThe concept of fair value marked a major departure from traditional cost accounting. In theory, under this approach a balance sheet that better reflects the current value of assets and liabilities. Critics of fair value argue that it is less useful over longer time frames and prone to distortion by market inefficiencies resulting in procyclicality in the financial system by exacerbating market swings.Comprising contributions from a unique mixture of academics, standard setters and practitioners, and edited by internationally recognized experts, this book, on a controversial and intensely debated topic, is a comprehensive reference source which: examines the use of fair value in international financial reporting standards and the US standard SFAS 157 Fair Value Measurement, setting out the case for and against looks at fair value from a number of different theoretical and practical perspectives, including a critical review of the merits and arguTrade Review'Fair value is a central notion in accounting practice, research and standard setting. This book, whose chapters are authored by top-notch accountants and academics, rolls over each of these dimensions to provide an authoritative and comprehensive analysis of the state-of-art and future developments in this area. I think it is a ‘must’ for those interested in fair value accounting.' — Salvador Carmona, Rector, IE University, Spain. Past President of the European Accounting Association and past editor of the European Accounting Review. 'Perhaps no issue in accounting has been as controversial as fair value. Written from the unique perspectives of leading scholars around the world, this collection explores its far reaching implications for managers, regulators, and the stability of financial markets. An engaging and accessible foray into the complex world of fair value accounting.' — Karen Nelson, Texas Christian University, USA Table of Contents1. Does the usage of fair values increase systemic risks? 2. Fair Value and the Conceptual Framework 3. Fair Value Accounting: A Standard Setting Perspective 4. Have the standard setters gone too far, or not far enough, with fair value accounting? 5. Shareholder value, financialization and accounting regulation: making sense of fair value adoption in the European union 6. Measuring Fair Value when Markets Malfunction: Evidence from the Financial Crisis 7. Fair Value Accounting in Financial Institutions 8. Bank Risk Management – and Fair Value Accounting 9. The Use of Fair Value Accounting in Risk Management in Non-Financial Firms 10. The History of the Fair Value Term and its Measurements 11. The "fairness" of fair value accounting: marking-to-market, marking-to-model, and financial reporting management 12. Let the Fox Guard the Henhouse: How Relaxing the Three-Level Fair Value Hierarchy Increases the Reliability of Fair Value Estimates 13. Fair Value Accounting -A Manager’s Perspective 14. Tax Related Implications of Fair Value Accounting 15. Fair Value Accounting and Executive Compensation 16. Fair value and the formation of financial market prices through ignorance and hazard 17. Fair Value Accounting: China Experience 18. Fair Values and Family Firms
£215.00
Taylor & Francis Ltd Depreciation and Capital Maintenance RLE
Book SynopsisOf the nine articles reprinted in this volume originally published in 1984, those by Ladelle, Hotelling and Anton are recognized as being the classic articles on the depreciation of a single machine'. Each of these articles was published in a journal that is often not accessible and reprinted here has brought them together in one place. For many years accountants have dealt with depreciation and capital maintenance as a static problem. This volume recognizes its dynamic aspects. Table of ContentsIntroduction. Part 1: Theory of Depreciation: Single Machine 1. A Late Nineteenth Century Contribution to the Theory of Depreciation Richard P. Brief 2. A General Mathematical Theory of Depreciation Harold Hotelling 3. Depreciation, Cost Allocation and Investment Decisions Hector R. Anton Part 2: Theory of Depreciation: Composite Plant 4. Annual Survey of Economic Theory: The Theory of Depreciation Gabriel A. D. Preinreich Part 3: Depreciation Multiplier 5. The Depreciation Multiplier P. de Wolff 6. On the Convergence of Periodic Reinvestments by an Amount Equal to Depreciation Yuji Ijiri Part 4: Depreciation and Capital Maintenance: Hick’s Views 7. Hicks on Accounting Richard P. Brief 8. The Measurement of Capital John Richard Hicks 9. The Concept of Income in Relation to Taxation and to Business management John Richard Hicks.
£43.99
Cambridge University Press Adventure Education An Introduction
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£25.64
Cambridge University Press Judgment and DecisionMaking Research in Accounting and Auditing
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£97.85
Cambridge University Press Accounting as Social and Institutional Practice 24 Cambridge Studies in Management Series Number 24
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£31.90
Cambridge University Press Accounting and Science
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£31.90
Cambridge University Press Accounting Principles for Lawyers
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£117.80
Cambridge University Press Productivity Accounting
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£32.29
Cambridge University Press Productivity Accounting
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£104.50
Cengage Learning, Inc Using QuickBooks Online for Accounting 2024
Book SynopsisMaster QuickBooks Online Accountant (QBOA) at your own pace with the unique self-directed learning approach in Owen's QUICKBOOKS ONLINE FOR ACCOUNTING, 7th EDITION. This edition focuses exclusively on QBOA, allowing you to refine skills while reviewing your understanding of financial accounting, reporting and analysis tools. You will learn how accounting information is created and used to make key decisions. Updates introduce the latest features of QBOA, including the ability to create more than one company. New instructions provide more convenient access to your work through a student portal. Clear instructions, real examples and manageable assignments reinforce accounting skills as you practice using the QBOA application. You will learn how to set up QBOA to record business events, generate financial statements, and communicate critical information to business owners, investors and creditors. Strengthen skills you will use for business success with this valuable resource.Table of Contents1. An Introduction to QuickBooks Online Using the Sample Company. 2. An Overview of QuickBooks Online Using a Case Assigned by Your Instructor. 3. Setting Up a New Company: Establishing a Chart of Accounts, Beginning Balances, Customers, Vendors, and Products/Services. 4. Recording Operating Activities: Sales and Cash Receipts. 5. Recording Operating Activities: Purchases and Cash Payments. 6. Recording Investing and Financing Activities. 7. Recording Payroll. 8. Establishing Budgets and Preparing Bank Reconciliations. 9. Analysis and Recording of Adjusting Entries. 10. Preparing Financial Statements and Reports.
£172.49
Penguin Putnam Inc Financial Peace Revisited
Book Synopsis
£25.50
BuilderBooks SingleFamily Builder Compensation Study 2017
Book SynopsisSalary, bonus, and benefit data for 39 jobs across the industry. The Single-Family Builder Compensation Study, 2017 Edition was conducted in July 2017 by the NAHB Housing Policy and Economics Group. It collected data on compensation and benefits for 39 common positions at single-family home building companies.
£111.75
Builderbooks Accounting Financial Management for Residential
Book Synopsis
£26.36
John Wiley & Sons Inc Financial Accounting Theory and Analysis
Book Synopsis
£96.75
John Wiley & Sons Inc 2017 Valuation Handbook U.S. Industry Cost of
Book SynopsisEnsure that you''re using the most up-to-date data available: Buy the 2017 Valuation Handbook U.S. Industry Cost of Capital + Quarterly PDF Updatestogether!The most recent cost of capital data for approximately 180 U.S. industries, identified by Standard Industrial Classification (SIC) codeThe 2017 Valuation Handbook U.S. Industry Cost of Capital provides valuation professionals with the same type of rigorous industry-level analysis previously published in the green-cover Morningstar/IbbotsonCost of Capital Yearbook (now discontinued).The2017 Valuation Handbook U.S. Industry Cost of Capitalprovides up to eight cost of equity capital and weighted average cost of capital (WACC) estimates foreach of the U.S. industries covered in the book, plus capital structure, valuation (trading) multiples, sales, markTable of ContentsAcknowledgements xiii Introduction 1 Methodology 5 Calculations of Industry Financial Statistics 24 Appendices Industry Data Exhibits
£351.50
John Wiley & Sons Inc Core Concepts of Accounting Information Systems
Book SynopsisTable of ContentsChapter 1 Accounting Information Systems and the Accountant 1 1.1 Introduction: Why Study Accounting Information Systems? 1 1.2 Careers in Accounting Information Systems 2 Traditional Accounting Career Opportunities 2 Systems Consulting 2 Fraud Examiner or Forensic Accountant 3 Information Technology Auditing and Security 4 Predictive Analytics 5 1.3 Accounting and IT 6 Financial Accounting 6 Managerial Accounting 9 Auditing 12 Taxation 14 1.4 What are Accounting Information Systems? 14 Accounting Information Systems 14 The Role of Accounting Information Systems in Organizations 18 1.5 What’s New in Accounting Information Systems? 19 Cloud Computing—Impact for Accountants 19 Corporate Responsibility Reporting 20 Suspicious Activity Reporting 21 Forensic Accounting, Governmental Accountants, and Terrorism 22 Corporate Scandals and Accounting 22 Chapter 2 Accounting on the Internet 32 2.1 Introduction 32 2.2 The Internet and World Wide Web 33 Internet Addresses and Software 33 Intranets and Extranets 34 The World Wide Web, HTML, and IDEA 35 Groupware, Electronic Conferencing, and Blogs 35 Social Media and its Value to Accountants 36 2.3 XBRL—Financial Reporting on the Internet 37 XBRL Instance Documents and Taxonomies 38 The Benefits and Drawbacks of XBRL 38 The Current Status of XBRL 40 2.4 Electronic Business 41 e-Accounting 41 Retail Sales 42 E-Payments, E-Wallets, and Virtual Currencies 43 B2C, B2B, and C2C E-Commerce 46 Electronic Data Interchange 47 Cloud Computing 48 2.5 Privacy and Security on the Internet 51 Identity Theft and Privacy 51 Security 53 Spam, Phishing, Spoofing, and Ransomware 53 Firewalls, Intrusion Detection Systems, Value-Added Networks, and Proxy Servers 54 Data Encryption 57 Digital Signatures and Digital Time Stamping 58 Chapter 3 Information Technology and AISs 69 3.1 Introduction 69 3.2 The Importance of Information Technology to Accountants 70 Six Reasons 70 The Top 10 Information Technologies 71 3.3 Input, Processing, and Output Devices 72 Input Devices 72 Central Processing Units 78 Output Devices 80 3.4 Secondary Storage Devices 81 Magnetic (Hard) Disks 82 CD-ROMs, DVDs, and Blu-Ray Discs 83 Flash Memory 84 Image Processing and Record Management Systems 84 3.5 Data Communications and Networks 85 Communication Channels and Protocols 85 Local and Wide Area Networks 86 Client/Server Computing 89 Wireless Data Communications 90 Cloud Computing 93 3.6 Computer Software 93 Operating Systems 93 Application Software 94 Programming Languages 95 Chapter 4 Accounting and Data Analytics 109 4.1 Introduction 109 4.2 Big Data 110 Volume 110 Velocity 110 Variety 111 Veracity 112 4.3 Analyzing Data 112 Data Procurement 113 Data Provisioning 115 Data Analysis 116 Presentation 117 4.4 Enabling Technologies and Tools 118 Data Access 118 Analysis and Data Visualization Tools 121 4.5 Data Analytics and the Accounting Profession 123 Tax Accounting 123 Managerial Accounting 124 Assurance and Compliance 125 Chapter 5 Integrated Accounting and Enterprise Software 134 5.1 Introduction 134 5.2 Integrated Accounting Software 135 Small Business Accounting Software 136 Mid-Range and Large-Scale Accounting Software 138 Specialized Accounting Information Systems 138 5.3 Enterprise-Wide Information Systems 139 Enterprise System Functionality 140 The Architecture of Enterprise Systems 142 Business Processes and ERP Systems 145 Benefits and Risks of Enterprise Systems 145 5.4 Selecting a Software Package 149 When is a New AIS Needed? 149 Selecting the Right Software 149 Chapter 6 Introduction to Internal Control Systems and Risk Management 163 6.1 Introduction 163 Definition of Internal Control 164 Internal Control Systems 165 6.2 COSO Internal Control—Integrated Framework 165 2013 COSO Report 165 6.3 Enterprise Risk Management 169 COSO ERM Introduction 169 2004 ERM Framework 169 2017 ERM Framework 171 Risk Governance and Culture 172 Risk, Strategy, and Objective Setting 173 Risk in Execution 174 Risk Information, Communication, and Reporting 174 Monitoring Enterprise Risk Management Performance 175 6.4 Examples of Control Activities 175 Good Audit Trail 175 Sound Personnel Policies and Procedures 175 Separation of Duties 177 Physical Protection of Assets 179 6.5 Monitoring Internal Control Systems 183 Reviews of Operating Performance 183 COSO Guidance on Monitoring 183 Operating Performance vs. Monitoring 183 COBIT 5 184 6.6 Types of Controls 186 Preventive Controls 186 Detective Controls 187 Corrective Controls 187 Discerning Between Preventive, Detective, and Corrective Controls 187 6.7 Evaluating Controls 188 Requirements of the Sarbanes–Oxley Act 188 Cost–Benefit Analysis 188 A Risk Matrix 190 Chapter 7 Computer Controls for Organizations and Accounting Information Systems 200 7.1 Introduction 200 7.2 Enterprise-Level Controls 201 Risk Assessment and Security Policies 202 Designing a Security Policy 202 Integrated Security for the Organization 203 7.3 General Controls for Information Technology 204 Access to Data, Hardware, and Software 204 Personnel Policies to Protect Systems and Data 209 Additional Policies to Protect Systems and Data 211 7.4 Application Controls for Transaction Processing 217 Input Controls 218 Processing Controls 221 Output Controls 223 Chapter 8 Accounting Information Systems and Business Processes: Part I 234 8.1 Introduction 234 8.2 Business Process Fundamentals 235 Overview of the Financial Accounting Cycle 235 Coding Systems 236 8.3 Collecting and Reporting Accounting Information 237 Designing Reports 238 From Source Documents to Output Reports 239 8.4 The Sales Process 241 Objectives of the Sales Process 242 Inputs to the Sales Process 243 Outputs of the Sales Process 246 8.5 The Purchasing Process 247 Objectives of the Purchasing Process 247 Inputs to the Purchasing Process 250 Outputs of the Purchasing Process 251 8.6 Current Trends in Business Processes 254 Business Process Outsourcing (BPO) 254 Business Process Management Software 256 Chapter 9 Accounting Information Systems and Business Processes: Part II 266 9.1 Introduction 266 9.2 The Resource Management Process 267 Human Resource Management 267 Fixed-Asset Management 270 9.3 The Production Process 272 Objectives of the Production Process 272 Inputs to the Production Process 277 Outputs of the Production Process 278 9.4 The Financing Process 279 Objectives of the Financing Process 279 Inputs to the Financing Process 281 Outputs of the Financing Process 281 9.5 Business Processes in Special Industries 282 Professional Service Organizations 283 Not-for-Profit Organizations 283 Health Care Organizations 285 9.6 Business Process Reengineering 287 Why Reengineering Sometimes Fails 288 Chapter 10 Cybercrime, Fraud, and Ethics 296 10.1 Introduction 296 10.2 Cybercrime and Fraud 297 Distinguishing between Cybercrime and Fraud 297 Cybercrime Legislation 300 Cybercrime Statistics 303 10.3 Examples of Cybercrime 304 Compromising Valuable Information 304 Hacking 305 Denial of Service 307 10.4 Preventing and Detecting Cybercrime and Fraud 309 Enlist Top-Management Support 309 Increase Employee Awareness and Education 309 Assess Security Policies and Protect Passwords 310 Implement Controls 311 Identify Computer Criminals 312 Maintain Physical Security 313 Recognize the Symptoms of Employee Fraud 314 Use Data-Driven Techniques 316 Employ Forensic Accountants 316 10.5 Ethical Issues, Privacy, and Identity Theft 317 Ethical Issues and Professional Associations 317 Meeting the Ethical Challenges 318 Privacy 319 Company Policies with Respect to Privacy 320 Identity Theft 320 Chapter 11 Information Technology Auditing 329 11.1 Introduction 329 11.2 The Audit Function 330 Internal versus External Auditing 330 Information Technology Auditing 331 Evaluating the Effectiveness of Information Systems Controls 335 11.3 The Information Technology Auditor’s Toolkit 337 Auditing Software 337 People Skills 340 11.4 Auditing Computerized Accounting Information Systems 340 Testing Computer Programs 341 Validating Computer Programs 342 Review of Systems Software 343 Validating Users and Access Privileges 344 Continuous Auditing 345 11.5 Information Technology Auditing Today 347 Information Technology Governance 347 The Sarbanes–Oxley Act of 2002 347 Auditing Standard No. 2201 (AS 2201) 349 ISACA Information Technology Assurance Framework 350 IIA’s Global Technology Audit Guides and Guide to the Assessment of IT Risk series 351 Chapter 12 Documenting Accounting Information Systems 358 12.1 Introduction 358 12.2 Why Documentation is Important 359 12.3 Primary Documentation Tools 362 Data Flow Diagrams 363 Document Flowcharts 368 System Flowcharts 372 12.4 Other Documentation Tools 377 Program Flowcharts 378 Decision Tables and Decision Trees 379 Software Tools for Graphical Documentation and SOX Compliance 381 12.5 End-User Computing and Documentation 383 The Importance of End-User Documentation 383 Policies for End-User Computing and Documentation 385 Chapter 13 Developing and Implementing Effective Accounting Information Systems 398 13.1 Introduction 398 13.2 The Systems Development Life Cycle 399 Four Stages in the Systems Development Life Cycle 399 Systems Studies and Accounting Information Systems 401 13.3 Systems Planning 401 Planning for Success 401 Investigating Current Systems 403 13.4 Systems Analysis 403 Understanding Organizational Goals 403 Systems Survey Work 404 Data Analysis 406 Evaluating System Feasibility 406 13.5 Detailed Systems Design and Acquisition 408 Designing System Outputs, Processes, and Inputs 409 The System Specifications Report 412 Choosing an Accounting Information System 413 Outsourcing 416 13.6 Implementation, Follow-Up, and Maintenance 417 Implementation Activities 417 Managing Implementation Projects 419 Postimplementation Review 421 System Maintenance 422 Chapter 14 Database Design 434 14.1 Introduction 434 14.2 An Overview of Databases 434 What is a Database? 435 Significance of Databases 435 Storing Data in Databases 437 Additional Database Issues 439 14.3 Steps in Developing a Database Using the Resources, Events, and Agents (REA) Approach 442 Step 1—Identify Business and Economic Events 443 Step 2—Identify Entities 444 Step 3—Identify Relationships 444 Step 4—Create Entity–Relationship Diagrams 445 Step 5—Identify Attributes of Entities 446 Step 6—Convert E-R Diagrams into Database Tables 447 14.4 Normalization 449 First Normal Form 449 Second Normal Form 450 Third Normal Form 451 Chapter 15 Organizing and Manipulating the Data in Databases 462 15.1 Introduction 462 15.2 Creating Database Tables in Microsoft Access 463 Database Management Systems 463 Using Microsoft Access 463 Creating Database Tables 464 Creating Relationships 466 15.3 Entering Data in Database Tables 468 Creating Records 468 Ensuring Valid and Accurate Data Entry 469 Tips for Creating Database Tables and Records 472 15.4 Extracting Data from Databases: Data Manipulation Languages (DMLs) 473 Creating Select Queries 473 Creating Action Queries 477 Guidelines for Creating Queries 478 Structured Query Language (SQL) 478 Sorting, Indexing, and Database Programming 479 Chapter 16 Database Forms and Reports 490 16.1 Introduction 490 16.2 Forms 490 Creating Simple Forms 492 Using Forms for Input and Output Tasks 496 Subforms: Showing Data from Multiple Tables 497 Concluding Remarks about Forms 498 16.3 Reports 498 Creating Simple Reports 499 Creating Reports with Calculated Fields 502 Creating Reports with Grouped Data 504 Concluding Remarks about Reports 506 Glossary (Available online at http://www.wiley.com/college/simkin) Index 516
£125.06
John Wiley & Sons Inc College Accounting
Book SynopsisTable of Contents1 Welcome to Accounting: Introduction and Financial Statements 1-1 2 The Accounting Equation and Transaction Analysis 2-1 3 The Recording Process: Debits and Credits 3-1 4 The Recording Process: The Journal, Ledger, and Trial Balance 4-1 5 Adjusting the Accounts and Preparing an Adjusted Trial Balance 5-1 6 Preparing a Worksheet and Completing the Accounting Cycle 6-1 7 Accounting for Merchandising Companies: Purchases 7-1 8 Accounting for Merchandising Companies: Sales 8-1 9 Accounting for Merchandising Companies: Worksheets and Financial Statements 9-1 10 Accounting Information Systems, Subsidiary Ledgers, and Special Journals 10-1 11 Inventories 11-1 12 Cash, Banking, and Internal Controls 12-1 13 Payroll Accounting: Employee Taxes 13-1 14 Payroll Accounting: Employer Taxes 14-1 Index I-1 A Merchandising Companies: Purchases (Periodic) B Merchandising Companies: Sales (Periodic) C Merchandising Companies: Worksheet and Financial Statements (Periodic)
£152.95
John Wiley & Sons Inc Financial Accounting
£140.07
John Wiley & Sons Inc Financial Accounting Cases
Book Synopsis
£80.06
John Wiley & Sons Inc Cost Accounting
Book SynopsisTable of Contents1 Cost Accounting Has Purpose 1-1 1.1 Companies Know Their Purpose: Do You Know Yours? 1-2 Purpose Is Meaningful 1-2 Company Strategy: Turning Purpose into Action 1-2 Your Own Strategy 1-4 Measures, Targets, and Results on the Balanced Scorecard 1-5 1.2 The Purpose of Cost Accounting 1-9 Data Analytics in Action: Data Analytics Isn’t New 1-9 Big Picture Thinking and Decision-Making 1-10 Using Data Analytics to Problem-Solve 1-14 Data Analytics in Action: Keeping Score 1-14 The Value Chain 1-15 1.3 What Guides Our Purpose? 1-17 The Importance of Ethics in Business 1-17 Governing Bodies Within Accounting 1-18 Appendix 1A: Why You Should Learn to Learn 1-23 Your Role as a Lifelong Learner 1-23 Fixed versus Growth Mindset 1-23 Purposeful Pedagogy 1-24 How This Text Can Help You Learn 1-25 Data Analytics Activities 1-35 2 Refresher on Cost Terms 2-1 2.1 Overview of Costs 2-2 Using Financial Statements to Interpret Revenues and Expenses 2-2 Costs versus Expenses: Let’s Get Specific 2-3 Opportunity Costs and Sunk Costs 2-4 2.2 Costs for Service Providers, Merchandisers, and Manufacturers 2-7 Service Providers 2-7 Data Analytics in Action: Cutting Corners 2-8 Merchandisers 2-8 Manufacturers 2-10 2.3 Defining and Assigning Costs 2-11 Product and Period Costs 2-12 Manufacturing and Nonmanufacturing Costs 2-12 The Cost Object, Direct Costs, and Indirect Costs 2-14 Prime Costs and Conversion Costs 2-15 2.4 Variable and Fixed Costs and the Relevant Range 2-16 Variable Costs 2-16 Managing Variable Costs 2-17 Data Analytics in Action: It’s a Snap! 2-17 Fixed Costs 2-17 Managing Fixed Costs 2-18 Relevant Range and Costs of Capacity 2-19 Fixed Costs on a Per-Unit Basis: Be Careful 2-20 2.5 Tracing Product Costs from the Balance Sheet to the Income Statement 2-21 Inventoriable Costs 2-22 Raw Materials Inventory on the Balance Sheet 2-22 Work-in-Process Inventory on the Balance Sheet 2-23 Finished Goods Inventory on the Balance Sheet 2-24 Cost of Goods Manufactured 2-25 Cost of Goods Sold 2-26 2.6 Comparing Gross Margin and Contribution Margin Income Statements 2-28 Gross Margin versus Contribution Margin 2-28 Full Costs 2-30 Data Analytics Activities 2-49 3 Cost Behavior and Cost Estimation 3-1 3.1 The Basics of Cost Behavior 3-2 Selecting Cost Drivers 3-2 Data Analytics in Action: Counting Cars 3-2 The Relevant Range, and Costs Within It 3-3 3.2 Estimating Costs Is Crucial: Here’s How 3-9 Account Analysis Method 3-9 High-Low Method 3-10 Data Analytics in Action: Scatter to Avoid Slacking? 3-12 Excel Tutorial: The Scatter Plot 3-12 3.3 Sophisticated Cost Estimation with Regression 3-15 Overview of the Regression Method 3-15 Excel Tutorial: Regression Analysis 3-17 Evaluating Regression Output 3-21 Assumptions of Regression 3-23 Multiple Regression 3-25 3.4 When Costs Are Nonlinear: The Learning Curve 3-29 Applying the Learning Curve 3-30 Learning Curve Impacts on Costs and Prices 3-31 Data Analytics Activities 3-54 4 Cost-Volume-Profit Analysis 4-1 4.1 Contribution Margin and the Break-Even Sales Point 4-2 Data Analytics in Action: Consuming Coffee and Trends 4-2 Contribution Margin 4-2 Numbers of Sales in Units to Break Even 4-4 Sales in Dollars to Break Even 4-5 What Happens After Break-Even Analysis? 4-6 4.2 Cost-Volume-Profit (CVP) Analysis 4-8 It’s Graphic: Understanding CVP Relationships 4-9 The Relevant Range: Quite Relevant 4-10 Margin of Safety 4-10 4.3 Break-Even with Target Profit and Taxes 4-12 Modifying the Break-Even to Include Target Profit 4-12 Modifying the Break-Even to Include Target Profit After[1]Tax 4-13 4.4 Break-Even with Multiple Products 4-14 Data Analytics in Action: Big Data for Bigger Sales 4-15 4.5 Operating Leverage and Sensitivity Analysis 4-17 Sensitivity Analysis Shows the Effects of Operating Leverage 4-17 Using the Degree of Operating Leverage Multiplier 4-18 4.6 CVP Analysis for Service and Nonprofit Organizations 4-21 Data Analytics in Action: More Service, Fewer Costs 4-21 Data Analytics Activities 4-35 5 Relevant Costs for the Decision[1]Maker 5-1 5.1 Decision-Making Made Easier 5-2 Data Analytics in Action: Don’t Succumb to Analysis Paralysis 5-2 5.2 What Are Relevant Costs and Relevant Information? 5-4 How Relevant Information Supports Decision-Making 5-4 Sunk Costs 5-5 The Total Cost Approach versus the Relevant Cost Approach 5-6 5.3 Management Decisions Requiring Use of Relevant Costs 5-7 Insource versus Outsource 5-7 Keep versus Drop 5-11 Excel Tutorial: Goal Seek 5-12 Product-Mix Decisions 5-14 Data Analytics in Action: Tasty, Fast, or Both? 5-15 Excel Tutorial: Solver 5-17 Special Orders 5-20 5.4 Decision-Making and Opportunity Costs 5-22 5.5 Fixed Costs and Decision-Making 5-25 Direct Fixed Costs 5-25 Common Fixed Costs 5-26 Allocated Fixed Costs 5-27 Data Analytics Activities 5-44 6 Mastering the Master Budget 6-1 6.1 Why Budget? 6-2 Budgeting and Behavior Modification 6-2 Data Analytics in Action: Budgeting Made Fun? 6-2 Types of Budgets 6-3 Budgeting and Ethical Considerations 6-5 6.2 The Master Budget 6-7 Revisiting the Strategic Planning Process 6-7 Organizational Structure and Responsibility Centers 6-8 The Master Budget Inputs and Outputs 6-10 Follow-Up and Feedback 6-11 6.3 The Operating Budget and the Budgeted Income Statement 6-12 Sales Forecast: It All Starts Here 6-13 Production Budget 6-14 Direct Materials Purchases Budget 6-16 Direct Labor Budget 6-17 Manufacturing Overhead Budget 6-18 Cost of Goods Sold and Cost of Goods Manufactured Budgets 6-20 Selling, General, and Administrative Expenses Budget 6-21 Non-Operating Expenses Budget 6-23 6.4 The Financial Budget and the Budgeted Balance Sheet 6-24 Budgeted Inventory Balance 6-25 Cash Receipts, Cash Collections, and the Budgeted Accounts Receivable Balance 6-26 Data Analytics in Action: Banks Expedite Loan Collections 6-27 Cash Disbursements and Budgeted Accounts Payable Balance 6-29 Budgeted Cash Balance 6-31 6.5 Budgeting in Retail and Service Organizations 6-35 Budgeting for Retailers 6-35 Budgeting for Service Providers and Nonprofit Organizations 6-36 Data Analytics Activities 6-57 7 Capital Budgeting Choices and Decisions 7-1 7.1 Capital Budgeting: The Point and the Context 7-2 Data Analytics in Action: Using Data to Scout a Location 7-2 The Circle of Life of Businesses 7-2 Return on Investment (ROI) 7-4 7.2 Elements of Capital Budgeting Decisions 7-6 Timeliness 7-6 Time Value of Money 7-7 Cash Flows: Lump Sums and Annuities 7-9 Discount Rate 7-13 Tax Rate 7-14 Depreciation Tax Shield: Yes You Can! 7-15 Data Analytics in Action: Data Informs Decision[1]Making 7-15 7.3 Tools to Evaluate Capital Budgeting Choices 7-17 Net Present Value (NPV): A Powerful Machine 7-17 Internal Rate of Return (IRR) 7-20 Payback Period 7-22 Accounting Rate of Return (ARR) 7-24 Profitability Index 7-25 7.4 Sensitivity Analysis 7-27 7.5 Making the Decision 7-29 7.6 The Follow-Up 7-33 Post-Investment Audit 7-33 Performance Evaluation 7-33 Data Analytics Activities 7-50 Time Value of Money Tables 7-52 8 Job Costing Visualized 8-1 8.1 Job Costing: An Overview 8-2 Defining Jobs and Job Costing 8-2 Revisiting Product Costs 8-2 Actual versus Normal Costing 8-4 Data Analytics in Action: Is It Hot in Here? 8-4 How Job Costing Is Organized 8-6 8.2 Actual and Applied Manufacturing Overhead 8-10 Accounting for Actual and Applied Manufacturing Overhead 8-10 Calculating Applied Manufacturing Overhead 8-12 Budgeting Manufacturing Overhead for a Specific Job 8-13 8.3 Putting It Together: Costing Jobs and Units 8-15 Cost Flows, Accounts, and Journal Entries 8-16 Year-End Adjustments 8-22 Income Statement Impacts of Job Costing 8-23 8.4 Job Costing and Decision-Making 8-26 Job Costing’s Impacts on Decision 8-26 Data Analytics in Action: Information or Invasion? 8-26 Ethical Considerations Related to Job Costing 8-27 8.5 Job Costing in Service Organizations 8-30 Data Analytics Activities 8-51 9 Activity-Based Costing 9-1 9.1 Traditional Job Costing and ABC Compared 9-1 Drawbacks of Traditional Costing 9-2 The Advantage of Activity-Based Costing 9-3 A Better Cost with Activity-Based Costing 9-4 Data Analytics in Action: A Sweet Outcome 9-5 9.2 The Cost Hierarchy, Activities, and Cost Drivers 9-7 Identifying Activities as Cost Pools 9-7 Cost Drivers 9-9 The Cost Hierarchy 9-10 9.3 Using Activity-Based Costing for Product Costing 9-13 Step 1: Identify Direct Costs 9-14 Step 2: Identify Activities and Cost Drivers 9-15 Step 3: Calculate Cost Driver Rates and Assign MOH 9-15 Step 4: Record MOH Costs 9-16 9.4 Decision-Making Outcomes, Including Time-Driven Activity-Based Costing (TDABC) 9-19 Impacts of Activity-Based Costing on Product and Service Costs 9-19 Who Should Use Activity-Based Costing? 9-19 Broader Outcomes of Using Activity-Based Costing 9-21 Time-Driven Activity-Based Costing: A Time-Saving Alternative 9-22 Data Analytics in Action: An Impressive By[1]Product 9-24 Data Analytics Activities 9-43 10 Variance Analysis and Standard Costing 10-1 10.1 A Variety of Purposes for Budgets and Variance Analysis 10-2 Motivate and Benchmark 10-2 Plan and Control 10-3 Evaluate Performance and Troubleshoot 10-4 Data Analytics in Action: Process Improvements at Nike 10-4 10.2 Master Budget and Flexible Budget Variances 10-6 Limitations of the Master Budget 10-6 The Flexible Budget 10-7 10.3 Standard Costing 10-11 The Purpose of Standard Costing 10-11 Setting and Updating Standards 10-13 Data Analytics in Action: A New Way of Checking Out the Competition 10-13 10.4 Direct Materials and Direct Labor Variances 10-15 Overview of Production Variances 10-16 Direct Materials Variances 10-17 Direct Labor Variances 10-22 10.5 Variable-MOH and Fixed-MOH with Journal Entries 10-24 Variable-MOH: Price and Efficiency Variances 10-24 Data Analytics in Action: Calculate All the Variances 10-24 Fixed-MOH: Price and Volume Variances 10-26 Journal Entries to Close Variances 10-28 10.6 Sales Variances 10-31 Master Budget Sales Variances: Sales Price Variance and Simplified Sales Activity Variance 10-31 Comprehensive Sales Activity Variance: Sales Mix Variance and Sales Quantity Variance 10-33 Sales Quantity Variance: Market Size Variance and Market Share 10-38 11 Process Costing 11-1 11.1 Process Costing: An Overview 11-2 Data Analytics in Action: Mining Data for Mining Real 11-3 Job Costing versus Process Costing 11-3 The Importance of Determining WIP Inventory Correctly 11-4 The Steps of Process Costing 11-5 11.2 Step 1: Verify Physical Units in the Period and Identify Degree of Completion 11-7 No Beginning or Ending WIP Inventory 11-7 With Only Ending WIP Inventory 11-8 With Beginning and Ending WIP Inventory 11-8 11.3 Step 2: Determine Status of Physical Units and Convert to Equivalent Units 11-13 Using the FIFO Method to Determine Status of Physical Units 11-14 Using the Weighted-Average Method to Determine Status of Physical Units 11-15 11.4 Steps 3 and 4: Account for Costs and Calculate Cost per Equivalent Unit 11-17 Using the FIFO Method to Calculate Cost per Equivalent Unit 11-18 Using the Weighted-Average Method to Calculate Cost per Equivalent Unit 11-18 11.5 Step 5: Assign Costs to WIP Inventory and FG Inventory with Journal Entries 11-21 Assigning Costs Using the FIFO Method with Corresponding Journal Entries 11-22 Assigning Costs Using the Weighted-Average Method with Corresponding Journal Entries 11-24 Applications of Determining Product Costs 11-25 11.6 Costs Transferred-In from Another Department 11-26 Transferred-In Costs Using the FIFO Method 11-26 Transferred-In Costs Using the Weighted-Average Method 11-29 11.7 Operation Costing 11-31 Data Analytics Activities 11-51 12 Absorption versus Variable Costing 12-1 12.1 Absorption Costing: An Overview 12-2 The Purpose of Absorption Costing and How It Works 12-3 Management Decision-Making and Absorption Costing 12-6 Data Analytics in Action: This Machine Is Learning! 12-7 Balance Sheet and Income Statement Impacts of Absorption Costing 12-8 12.2 Variable Costing: An Overview 12-10 The Purpose of Variable Costing and How It Works 12-10 Balance Sheet and Income Statement Impacts of Variable Costing 12-11 12.3 Side-by-Side: Comparing Absorption Costing and Variable Costing 12-13 The Two Methods Compared: Inventory Costs and Balance Sheet Impacts 12-13 The Two Methods Compared: COGS, Operating Income, and Income Statement Impacts 12-14 12.4 Determining Denominator Volumes for Fixed[1]MOH 12-17 Managing Capacity 12-18 Denominator Volume Choices 12-18 Further Outcomes of Denominator Decisions 12-20 13 Data Analytics 13-1 13.1 Big Data? Data Analytics? Challenges and Opportunities 13-2 Overview of Data 13-2 Big Data and Data Analytics in Cost Accounting 13-3 Challenges and Opportunities 13-3 Data Analytics in Action: Meeting the Challenges 13-4 13.2 Sourcing and Storing Data 13-6 The Role of Data Analytics in Decision-Making 13-6 Data Sources and Data Storage 13-7 The Cost of Data and Its Ethical Considerations 13-10 Data Analytics in Action: When Data Is Especially Costly 13-11 13.3 Categories of Data Analytics Techniques 13-13 Overview of Data Analytics Categories 13-14 Descriptive Analytics 13-15 Diagnostic Analytics 13-18 Predictive Analytics 13-19 Prescriptive Analytics 13-20 Data Analytics in Action: Price Check on Aisle 3 13-20 13.4 Your Role in Solving Business Problems with Data Analytics 13-23 Data Analytics Outcomes in Cost Accounting 13-23 Being Career-Ready 13-25 14 Support Department Costing 14-1 14.1 Support Department Costing: An Overview 14-1 Types of Support Departments and Their Costs 14-2 Allocating Support Department Costs 14-4 Data Analytics in Action: Keep or Drop? 14-5 Cost Allocation Bases for Support Departments 14-6 14.2 Methods of Allocating Support Department Costs 14-8 The Direct Method Illustrated 14-8 Step Method Illustrated 14-10 Reciprocal Method Illustrated 14-12 Excel Tutorial: The Reciprocal Method 14-13 Comparing the Three Methods 14-16 Data Analytics in Action: This Call May Be Analyzed 14-16 14.3 Allocating Common Costs and Bundled Revenues 14-20 Stand-Alone Cost Allocation Method 14-20 Incremental Cost Allocation Method 14-21 Allocating Revenue from Sales of Bundled Products/Services 14-22 15 Joint Costs and Decision[1]Making 15-1 15.1 Joint Costs: Description and Illustration 15-2 15.2 Methods of Allocating Joint Costs 15-4 Sales Value at Split-Off Method 15-4 Net Realizable Value (NRV) Method 15-5 Physical Quantities Method 15-6 Choosing an Allocation Method 15-8 15.3 Joint Costs and Decision-Making: Should We Sell or Process Further? 15-10 Relevance of Joint Costs to Sell-or-Process-Further Decisions 15-10 Sell-or-Process-Further Decision Factors 15-10 Data Analytics in Action: More Fresh Options 15-11 Decision-Making and Performance Evaluation 15-12 15.4 A Decision: How Should We Account for By-Product and Scrap? 15-13 By-Products Revisited 15-13 Data Analytics in Action: Analysis Reduces Waste 15-14 The Production Method 15-14 The Sales Method: By-Products and Scrap Recognized at Time of Sale 15-17 Production Method versus Sales Method 15-19 16 The Art and Science of Pricing to Optimize Revenue 16-1 16.1 Pricing: Art + Science + Psychology 16-2 Truths About Pricing 16-2 Consider the Context: Customers, Costs, and Competitors 16-3 16.2 Special-Order Pricing: Be Opportunistic 16-5 Lowest Acceptable Special-Order Price 16-6 Relationship to Relevant Costs for the Decision[1]Maker 16-7 16.3 Cost-Plus Pricing: If You Can Sell the Plus, Charge It 16-9 Overview of the Cost-Plus Method 16-10 The Calculation: A Starting Point 16-10 Data Analytics in Action: Using Data to Set Prices 16-10 Comparing Special-Order Pricing to Cost-Plus Pricing 16-13 16.4 Target Costing for Target Pricing—Backward but Brilliant 16-14 Steps to Implement Target Costing for Target Pricing 16-15 The Value in Value Engineering 16-16 Data Analytics in Action: Ensuring the Value of Business Activities 16-16 16.5 Consumers and Pricing Practices 16-17 Consumer Perceptions and Pricing 16-17 Other Pricing Practices: Fair or Illegal? 16-18 Data Analytics in Action: No Free Parking 16-19 Data Analytics Activities 16-33 17 Management Control Systems and Transfer Pricing 17-1 17.1 The Need for an Effective Management Control System 17-2 Centralized versus Decentralized Organizations 17-2 Goal Congruence 17-4 Components of a Management Control System 17-5 17.2 How Responsibility Centers Work 17-6 Characteristics of Responsibility Centers 17-6 Cost Centers 17-8 Revenue Centers 17-9 Profit Centers 17-10 Investment Centers 17-10 Data Analytics in Action: Major League Baseball Invests in Data 17-11 17.3 How to Measure Performance of Investment Centers 17-13 Return on Investment and Its Components 17-13 Residual Income (RI) 17-16 Economic Value Added (EVA®) 17-16 17.4 Transfer Pricing: An Overview 17-18 The Genesis of Transfer Pricing 17-19 Determining the Optimal Transfer Price Range 17-21 How Companies Set Transfer Prices 17-23 Management and Transfer Pricing 17-27 Transfer Pricing in Multinational Companies 17-28 18 Business Strategy, Performance Measurement, and the Balanced Scorecard 18-1 18.1 An Overview of Business Strategy 18-1 The Strategic Planning Process 18-2 A Closer Look at Business Strategy 18-3 18.2 Performance Measurement Guides Performance 18-8 Congruent Outcomes: Linking Business Strategy to Employees’ Objectives 18-8 The Performance Measurement Process 18-9 Traits of Financial Performance Measures 18-12 Traits of Nonfinancial Performance Measures 18-13 18.3 Using the Balanced Scorecard to Assess Company Performance 18-15 Balancing the Four Perspectives 18-16 Linking Business Strategy to the Balanced Scorecard 18-17 Data Analytics in Action: New Measures and Targets 18-18 Evaluating Success 18-20 Company Index I-1 Subject Index I-0 Key Formulas Review K-0
£152.95
John Wiley & Sons Inc Financial Accounting
Book SynopsisTable of ContentsPart 1: An Overview of Financial Accounting 1 1 Financial Accounting and Its Economic Context 2 2 A Closer Look at the Financial Statements 31 Part 2: Measurement, Mechanics, and Use of Financial Statements 75 3 The Measurement Fundamentals of Financial Accounting 76 4 The Mechanics of Financial Accounting 111 5 Using Financial Statement Information 173 Part 3: Assets: A Closer Look 231 6 The Current Asset Classification, Cash, and Accounts Receivable 232 7 Merchandise Inventory 271 8 Investments in Equity Securities 313 9 Long-Lived Assets 357 Part 4: Liabilities and Shareholders’ Equity: A Closer Look 401 10 Introduction to Liabilities: Economic Consequences, Current Liabilities, and Contingencies 402 11 Long-Term Liabilities: Notes, Bonds, and Leases 444 12 Shareholders’ Equity 492 13 The Complete Income Statement 542 14 The Statement of Cash Flows 578 Appendix A The Time Value of Money 633 Appendix B Predictive Data Analytics and Financial Accounting 661 Appendix C Quality of Earnings Cases: A Comprehensive Review 667 Glossary 698 Index 729
£128.66
John Wiley & Sons Inc Financial Accounting
Book SynopsisTable of Contents1 Introduction to Financial Statements 1-1 Knowing the Numbers: Columbia Sportswear Company 1-1 1.1 Business Organization and Accounting Information Uses 1-2 Forms of Business Organization 1-3 Users and Uses of Financial Information 1-4 Data Analytics 1-6 Ethics in Financial Reporting 1-7 1.2 The Three Types of Business Activity 1-8 Financing Activities 1-9 Investing Activities 1-9 Operating Activities 1-10 1.3 The Four Financial Statements 1-11 Income Statement 1-12 Retained Earnings Statement 1-13 Balance Sheet 1-14 Statement of Cash Flows 1-16 Interrelationships of Statements 1-17 Elements of an Annual Report 1-20 Appendix 1A: Career Opportunities in Accounting 1-23 “Show Me the Money” 1-24 2 A Further Look at Financial Statements 2-1 Just Fooling Around?: The Motley Fool 2-2 2.1 The Classified Balance Sheet 2-3 Current Assets 2-3 Long-Term Investments 2-5 Property, Plant, and Equipment 2-5 Intangible Assets 2-5 Current Liabilities 2-7 Long-Term Liabilities 2-7 Stockholders’ Equity 2-7 2.2 Analyzing the Financial Statements Using Ratios 2-8 Ratio Analysis 2-8 Using the Income Statement 2-9 Using a Classified Balance Sheet 2-10 2.3 Financial Reporting Concepts 2-14 The Standard-Setting Environment 2-14 Qualities of Useful Information 2-16 Assumptions in Financial Reporting 2-17 Principles in Financial Reporting 2-18 Cost Constraint 2-18 3 The Accounting Information System 3-1 Accidents Happen: MF Global Holdings Ltd 3-1 3.1 Using the Accounting Equation to Analyze Transactions 3-3 Accounting Transactions 3-3 Analyzing Transactions 3-4 Summary of Transactions 3-10 3.2 Accounts, Debits, and Credits 3-11 Debits and Credits 3-11 Debit and Credit Procedures 3-12 Stockholders’ Equity Relationships 3-15 Summary of Debit/Credit Rules 3-16 3.3 Using a Journal 3-17 The Recording Process 3-17 The Journal 3-18 3.4 The Ledger and Posting 3-20 The Ledger 3-20 Chart of Accounts 3-21 Posting 3-21 The Recording Process Illustrated 3-22 Summary Illustration of Journalizing and Posting 3-28 3.5 The Trial Balance 3-30 Limitations of a Trial Balance 3-31 4 Accrual Accounting Concepts 4-1 Keeping Track of Groupons: Groupon 4-1 4.1 Accrual-Basis Accounting and Adjusting Entries 4-2 The Revenue Recognition Principle 4-3 The Expense Recognition Principle 4-4 Accrual versus Cash Basis of Accounting 4-5 The Need for Adjusting Entries 4-5 Types of Adjusting Entries 4-6 4.2 Adjusting Entries for Deferrals 4-7 Prepaid Expenses 4-7 Unearned Revenues 4-12 4.3 Adjusting Entries for Accruals 4-15 Accrued Revenues 4-15 Accrued Expenses 4-17 Summary of Basic Relationships 4-20 4.4 The Adjusted Trial Balance and Closing Entries 4-23 Preparing the Adjusted Trial Balance 4-23 Preparing Financial Statements 4-24 Quality of Earnings 4-24 Closing the Books 4-27 Summary of the Accounting Cycle 4-30 Appendix 4A: Using a Worksheet 4-34 5 Merchandising Operations and the Multiple-Step Income Statement 5-1 Buy Now, Vote Later: REI 5-1 5.1 Merchandising Operations and Inventory Systems 5-2 Operating Cycles 5-3 Flow of Costs 5-4 5.2 Recording Purchases Under a Perpetual System 5-6 Freight Costs 5-8 Purchase Returns and Allowances 5-9 Purchase Discounts 5-10 Summary of Purchasing Transactions 5-11 5.3 Recording Sales Under a Perpetual System 5-11 Sales Returns and Allowances 5-13 Sales Discounts 5-14 Data Analytics and Credit Sales 5-15 5.4 Preparing the Multiple-Step Income Statement 5-16 Single-Step Income Statement 5-16 Multiple-Step Income Statement 5-17 5.5 Cost of Goods Sold Under a Periodic System 5-21 5.6 Gross Profit Rate and Profit Margin 5-23 Gross Profit Rate 5-23 Profit Margin 5-24 Appendix 5A: Periodic Inventory System 5-27 Recording Merchandise Transactions 5-27 Recording Purchases of Merchandise 5-28 Freight Costs 5-28 Recording Sales of Merchandise 5-28 Comparison of Entries—Perpetual vs. Periodic 5-29 Appendix 5B: Adjusting Entries for Credit Sales with Returns and Allowances 5-30 Data Analytics in Action 5-52 6 Reporting and Analyzing Inventory 6-1 “Where Is That Spare Bulldozer Blade?”: Caterpillar 6-1 6.1 Classifying and Determining Inventory 6-2 Classifying Inventory 6-2 Determining Inventory Quantities 6-4 6.2 Inventory Methods and Financial Effects 6-7 Specific Identification 6-7 Cost Flow Assumptions 6-8 Financial Statement and Tax Effects of Cost Flow Methods 6-13 Using Inventory Cost Flow Methods Consistently 6-15 6.3 Inventory Presentation and Analysis 6-17 Presentation 6-17 Lower-of-Cost-or-Net Realizable Value 6-17 Financial Analysis and Data Analytics 6-18 Adjustments for LIFO Reserve 6-21 Appendix 6A: Inventory Cost Flow Methods in Perpetual Inventory Systems 6-24 First-In, First-Out (FIFO) 6-24 Last-In, First-Out (LIFO) 6-25 Average-Cost 6-26 Appendix 6B: Effects of Inventory Errors 6-27 Income Statement Effects 6-27 Balance Sheet Effects 6-28 Data Analytics in Action 6-49 7 Fraud, Internal Control, and Cash 7-1 Minding the Money in Madison: Barriques 7-1 7.1 Fraud and Internal Control 7-3 Fraud 7-3 The Sarbanes-Oxley Act 7-3 Internal Control 7-4 Principles of Internal Control Activities 7-5 Data Analytics and Internal Controls 7-10 Limitations of Internal Control 7-11 7.2 Cash Controls 7-12 Cash Receipts Controls 7-12 Cash Disbursements Controls 7-14 Petty Cash Fund 7-16 7.3 Control Features of a Bank Account 7-17 Electronic Banking 7-18 Bank Statements 7-18 Reconciling the Bank Account 7-20 7.4 Reporting Cash 7-25 Cash Equivalents 7-26 Restricted Cash 7-26 Managing and Monitoring Cash 7-27 Cash Budgeting 7-29 Appendix 7A: Operation of a Petty Cash Fund 7-32 Establishing the Petty Cash Fund 7-33 Making Payments from the Petty Cash Fund 7-33 Replenishing the Petty Cash Fund 7-34 Data Analytics in Action 7-56 8 Reporting and Analyzing Receivables 8-1 What’s Cooking?: Nike 8-1 8.1 Recognition of Accounts Receivable 8-3 Types of Receivables 8-3 Recognizing Accounts Receivable 8-3 8.2 Valuation and Disposition of Accounts Receivable 8-5 Valuing Accounts Receivable 8-5 Disposing of Accounts Receivable 8-13 8.3 Notes Receivable 8-15 Determining the Maturity Date 8-16 Computing Interest 8-16 Recognizing Notes Receivable 8-17 Valuing Notes Receivable 8-17 Disposing of Notes Receivable 8-17 8.4 Receivables Presentation and Management 8-20 Financial Statement Presentation of Receivables 8-20 Managing Receivables 8-21 Evaluating Liquidity of Receivables 8-23 Accelerating Cash Receipts 8-24 Data Analytics and Receivables Management 8-25 Data Analytics in Action 8-46 9 Reporting and Analyzing Long-Lived Assets 9-1 A Tale of Two Airlines: American Airlines 9-1 9.1 Plant Asset Expenditures 9-3 Determining the Cost of Plant Assets 9-3 Expenditures During Useful Life 9-6 To Buy or Lease? 9-7 9.2 Depreciation Methods 9-8 Factors in Computing Depreciation 9-9 Depreciation Methods 9-9 Revising Periodic Depreciation 9-14 Impairments 9-15 9.3 Plant Asset Disposals 9-16 Sale of Plant Assets 9-16 Retirement of Plant Assets 9-18 9.4 Intangible Assets 9-19 Accounting for Intangible Assets 9-19 Types of Intangible Assets 9-20 Research and Development Costs 9-22 9.5 Statement Presentation and Analysis 9-23 Presentation 9-23 Analysis 9-25 Appendix 9A: Other Depreciation Methods 9-30 Declining-Balance Method 9-30 Units-of-Activity Method 9-31 Data Analytics in Action 9-55 10 Reporting and Analyzing Liabilities 10-1 And Then There Were Two: Maxwell Car Company 10-1 10.1 Accounting for Current Liabilities 10-3 What Is a Current Liability? 10-3 Notes Payable 10-3 Sales Taxes Payable 10-4 Unearned Revenues 10-5 Current Maturities of Long-Term Debt 10-6 Payroll and Payroll Taxes Payable 10-6 10.2 Characteristics of Bonds 10-9 Types of Bonds 10-9 Issuing Procedures 10-10 Bond Trading 10-10 Determining the Market Price of a Bond 10-11 10.3 Accounting for Bond Transactions 10-14 Issuing Bonds at Face Value 10-14 Discount or Premium on Bonds 10-14 Issuing Bonds at a Discount 10-15 Issuing Bonds at a Premium 10-17 Redeeming Bonds at Maturity 10-19 Redeeming Bonds Before Maturity 10-19 10.4 Presentation and Analysis 10-20 Presentation 10-20 Analysis 10-22 Appendix 10A: Straight-Line Amortization 10-26 Amortizing Bond Discount 10-26 Amortizing Bond Premium 10-28 Appendix 10B: Effective-Interest Amortization 10-29 Amortizing Bond Discount 10-29 Amortizing Bond Premium 10-31 Appendix 10C: Accounting for Long-Term Notes Payable 10-32 11 Reporting and Analyzing Stockholders’ Equity 11-1 Oh Well, I Guess I’ll Get Rich: Facebook 11-1 11.1 Corporate Form of Organization 11-3 Characteristics of a Corporation 11-3 Forming a Corporation 11-6 Stockholder Rights 11-7 Stock Issue Considerations 11-8 Corporate Capital 11-10 11.2 Accounting for Common, Preferred, and Treasury Stock 11-12 Accounting for Common Stock 11-12 Accounting for Preferred Stock 11-13 Accounting for Treasury Stock 11-14 11.3 Accounting for Dividends and Stock Splits 11-16 Cash Dividends 11-16 Dividend Preferences 11-19 Stock Dividends 11-21 Stock Splits 11-22 11.4 Presentation and Analysis 11-24 Retained Earnings 11-24 Retained Earnings Restrictions 11-25 Balance Sheet Presentation of Stockholders’ Equity 11-26 Analysis of Stockholders’ Equity 11-28 Debt versus Equity Decision 11-29 Appendix 11A: Entries for Stock Dividends 11-32 Data Analytics in Action 11-55 12 Statement of Cash Flows 12-1 Got Cash?: Microsoft 12-2 12.1 Usefulness and Format of the Statement of Cash Flows 12-3 Usefulness of the Statement of Cash Flows 12-3 Classification of Cash Flows 12-3 Significant Noncash Activities 12-4 Format of the Statement of Cash Flows 12-5 12.2 Preparing the Statement of Cash Flows— Indirect Method 12-6 Indirect and Direct Methods 12-7 Indirect Method—Computer Services Company 12-7 Step 1: Operating Activities 12-9 Summary of Conversion to Net Cash Provided by Operating Activities—Indirect Method 12-12 Step 2: Investing and Financing Activities 12-13 Step 3: Net Change in Cash 12-15 12.3 Analyzing the Statement of Cash Flows 12-17 The Corporate Life Cycle 12-17 Free Cash Flow 12-19 Appendix 12A: Statement of Cash Flows—Direct Method 12-22 Step 1: Operating Activities 12-24 Step 2: Investing and Financing Activities 12-28 Step 3: Net Change in Cash 12-30 Appendix 12B: Worksheet for the Indirect Method 12-30 Preparing the Worksheet 12-31 Appendix 12C: Statement of Cash Flows—T-Account Approach 12-35 Data Analytics in Action 12-61 13 Financial Analysis: The Big Picture 13-1 It Pays to Be Patient: Warren Buffett 13-2 13.1 Sustainable Income and Quality of Earnings 13-3 Sustainable Income 13-3 Quality of Earnings 13-7 13.2 Horizontal Analysis and Vertical Analysis 13-9 Horizontal Analysis 13-10 Vertical Analysis 13-12 13.3 Ratio Analysis 13-15 Liquidity Ratios 13-16 Solvency Ratios 13-17 Profitability Ratios 13-17 Financial Analysis and Data Analytics 13-18 Comprehensive Example of Ratio Analysis 13-18 Appendix A Specimen Financial Statements: Apple Inc. A-1 Appendix B Specimen Financial Statements: Columbia Sportswear Company B-1 Appendix C Specimen Financial Statements: Under Armour, Inc. C-1 Appendix D Specimen Financial Statements: Amazon.com, Inc. D-1 Appendix E Specimen Financial Statements: Walmart Inc. E-1 Appendix F Time Value of Money F-1 F.1 Interest and Future Values F-2 Nature of Interest F-2 Future Value of a Single Amount F-3 Future Value of an Annuity F-5 F.2 Present Values F-8 Present Value Variables F-8 Present Value of a Single Amount F-9 Present Value of an Annuity F-11 Time Periods and Discounting F-13 Present Value of a Long-Term Note or Bond F-3 F.3 Capital Budgeting Situations F-16 F.4 Using Technological Tools F-18 Present Value of a Single Sum F-19 Present Value of an Annuity F-20 Future Value of a Single Sum F-21 Future Value of an Annuity F-22 Internal Rate of Return F-22 Useful Applications F-23 Appendix G Reporting and Analyzing Investments G-1 G.1 Accounting for Debt Investments G-2 Why Corporations Invest G-2 Accounting for Debt Investments G-2 G.2 Accounting for Stock Investments G-4 Holdings of Less Than 20% G-5 Holdings Between 20% and 50% G-6 Holdings of More Than 50% G-7 G.3 Reporting Investments in Financial Statements G-9 Debt Securities G-9 Equity Securities G-12 Balance Sheet Presentation G-13 Presentation of Realized and Unrealized Gain or Loss G-14 Company Index I-1 Subject Index I-5 Rapid Review: Chapter Content
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