Financial accounting / / Robert Kemp, Jeffrey Waybright

• Autore: Kemp Robert S.
• Pubblicazione: Boston : , : Pearson, , 2015
• Edizione: Third edition, global edition.
• Descrizione fisica: 1 online resource (768 pages) : illustrations
• Disciplina: 657
• Soggetto topico: Accounting
• Persona (resp. second.): WaybrightJeffrey
• Note generali: Includes index.
• Nota di contenuto: Cover -- Title Page -- Contents -- Chapter 1 Business, Accounting, and You -- Business, Accounting, and You -- What Is a Business, and Why Study Accounting? -- The Definition of a Business -- The General Concept of Value -- Business Owners and Other Stakeholders -- The Goal of a BusinessThe goal of a business -- How Does a Business Operate? -- Resources Needed to Start and Operate a Business -- Operating the Business -- The Cost of Money -- How Are Businesses Organized? -- The Types of Businesses -- The Legal Forms of Businesses -- What Is Accounting, and What Are the Key Accounting Principles and Concepts? -- Generally Accepted Accounting Principles -- International Financial Reporting Standards -- The Business Entity Principle -- The Reliability (Objectivity) Principle -- The Cost Principle -- Accounting Ethics: A Matter of Trust -- What Is the Role of Accountingin a Business? -- How Do You Recognize a Business Transaction? -- Cash Accounting -- Accrual Accounting -- How Do You Measure a BusinessTransaction? -- How Do You Record Business Transactions Using the Accounting Equation? -- Transaction Analysis -- Stockholders' Equity -- How Do You Report Business Transactions Using Financial Statements? -- The Income Statement -- The Statement of Retained Earnings -- The Balance Sheet -- The Statement of Cash Flows -- Relationships Among the Financial Statements -- Accounting, Business, and You-Putting It All Together -- Summary -- Accounting Practice -- Apply Your Knowledge -- Know Your Business -- Chapter 2 Analyzing and Recording Business Transactions -- Business, Accounting, and You -- How Are Accounts Used to Keep Business Transactions Organized? -- Organizing Accounts -- Assets -- Liabilities -- Stockholders' Equity -- What Is Double-Entry Accounting? -- Normal Balance. ; How Are the General Journal and GeneralLedger Used to Keep Track of BusinessTransactions? -- Transaction Analysis -- Applying Transaction Analysis -- Balancing the T-Accounts -- How Is a Trial Balance Prepared, and WhatIs It Used For? -- Correcting Errors -- Preparation of Financial Statements -- Summary -- Accounting Practice -- Apply Your Knowledge -- Know Your Business -- Chapter 3 Adjusting and Closing Entries -- Business, Accounting, and You -- How Does a Company Accurately Report Its Income? -- Revenue Recognition and Matching Principles -- What Is the Role of Adjusting Entries, and When Are They Prepared? -- Accruing Revenues -- Accruing Expenses -- Adjusting Deferred Revenues -- Adjusting Deferred Expenses -- How Are Financial Statements Prepared from an Adjusted Trial Balance? -- The Adjusted Trial Balance -- Preparing the Financial Statements -- How Does a Company Prepare for a New Accounting Period? -- Completing the Accounting Cycle -- The Three Closing Entries: Revenues, Expenses, and Dividends -- Post-Closing Trial Balance -- Summary of the Adjusting and Closing Processes -- Summary -- Accounting Practice -- Apply Your Knowledge -- Know Your Business -- Comprehensive Problem -- Chapter 4 Accounting for a Merchandising Business -- Business, Accounting, and You -- What Are the Relationships Among Manufacturers, Wholesalers, Retailers, and Customers? -- How Do Periodic and Perpetual Inventory Systems Differ? -- How Do You Account for the Purchaseof Inventory? -- Cash and Credit Purchases -- Purchase Returns and Allowances -- Purchase Discounts -- How Do You Account for the Sale of Inventory? -- Cash Sales -- Credit Sales -- Sales Returns and Allowances -- Sales Returns -- Sales Allowances -- Sales Discounts -- How Do You Account for Freight Charges and Other Selling Expenses? -- Costs Related to the Receipt of Goods from Suppliers. ; Costs Related to Delivering Goods to Customers -- Other Selling Costs -- How Do You Prepare a Merchandiser's Financial Statements? -- The Income Statement -- The Statement of Retained Earnings -- The Balance Sheet -- Summary -- Accounting Practice -- Apply Your Knowledge -- Know Your Business -- Chapter 5 Inventory -- Business, Accounting, and You -- What Inventory Costing Methods Are Allowed? -- Cost Flow Versus Physical Flow of Inventory -- How Are the Four Inventory Costing Methods Applied? -- Inventory Cost Flows -- Specific-Identification Method -- First-In, First-Out (FIFO) Method -- Last-In, First-Out (LIFO) Method -- Average Cost Method -- Journalizing Inventory Transactions -- What Effect Do the Different Costing Methods Have on Net Income? -- What Else Determines How Inventory Is Valued? -- How Is Inventory Reported on the Balance Sheet? -- Inventory Shrinkage -- How Do Inventory Errors Affect the Financial Statements? -- Is It Possible to Estimate the Value of Inventory If the Inventory Is Accidentally Destroyed? -- Summary -- Accounting Practice -- Apply Your Knowledge -- Know Your Business -- Comprehensive Problem -- Chapter 6 The Challenges of Accounting: Standards, Internal Control, Audits, Fraud, and Ethics -- Business, Accounting, and You -- What Are the Rules that Govern Accounting? -- Understandable -- Relevant -- Reliable -- Generally Accepted Accounting Principles (GAAP) in the United States -- Generally Accepted Accounting Principles Around the World: IFRS -- Differences Between FASB and IFRS -- What Is Internal Control? -- Elements of an Internal Control System -- What Is Fraud, and Who Commits It? -- Management Fraud -- Employee Embezzlement -- The Factors Usually Present When Fraud Is Committed -- What Is a Certified Public Accountant (CPA)? -- Audits -- Audit Opinions. ; What Are the Legal and Ethical Responsibilities of Accountants? -- The Legal Responsibilities of Accountants -- Ethical Responsibilities of Accountants -- Summary -- Accounting Practice -- Apply Your Knowledge -- Know Your Business -- Chapter 7 Cash and Receivables -- Business, Accounting, and You -- What Are the Different Types of Sales? -- Cash Sales -- Credit Card Sales -- Debit Card Sales -- Credit/Debit Card Processing -- Sales on Account -- What Internal Control Procedures Should Be Used for Cash? -- Internal Controls over Cash Receipts -- Internal Control over Cash Payments -- Purchase and Payment Process -- The Bank Reconciliation -- Preparing the Bank Reconciliation -- Book Side of the Reconciliation -- Online Banking -- How Is Cash Reported on the Balance Sheet? -- How Do You Account for Receivables? -- Types of Receivables -- Internal Control over Accounts Receivable -- Accounting for Uncollectible Accounts Receivable -- How Do You Account for Uncollectible Accounts? -- The Direct Write-Off Method -- Direct Write-Off Method: Recovery of Accounts Previously Written Off -- The Allowance Method -- Estimating the Amount of Uncollectible Accounts -- Writing Off Uncollectible Accounts Under the Allowance Method -- Allowance Method: Recovery of Accounts Previously Written Off -- How Are Accounts Receivable Reported on the Balance Sheet? -- How Do You Account for Notes Receivable? -- Identifying the Maturity Date -- Origination of Notes Receivable -- Computing Interest on a Note -- Accruing Interest Revenue -- Summary -- Accounting Practice -- Apply Your Knowledge -- Know Your Business -- Appendix 7A -- What Is a Petty Cash Fund? -- Setting Up the Petty Cash Fund -- Replenishing the Petty Cash Fund -- Changing the Petty Cash Fund -- Accounting Practice -- Chapter 8 Long-Term and Other Assets -- Business, Accounting, and You. ; What Are the Different Types of Long-Term Assets? -- How Is the Cost of a Fixed Asset Calculated? -- land and land improvements -- Buildings -- Machinery and Equipment -- Furniture and Fixtures -- Lump-Sum (Basket) Purchase of Assets -- How Are Fixed Assets Depreciated? -- Measuring Depreciation -- Depreciation Methods -- Comparing Depreciation Methods -- Partial Year Depreciation -- Changing the Useful Life of a Depreciable Asset -- Using Fully Depreciated Assets -- How Are Costs of Repairing Fixed Assets Recorded? -- Ordinary Repairs -- Extraordinary Repairs -- Betterments -- What Happens When a Fixed Asset Is Disposed? -- How Do You Account for Intangible Assets? -- Specific Intangibles -- Accounting for Research and Development Costs -- How Are Natural Resources Accounted For? -- What Are Other Assets? -- How Are Long-Term Assets Reported on the Balance Sheet? -- Summary -- Accounting Practice -- Apply Your Knowledge -- Know Your Business -- Chapter 9 Current Liabilities and Long-Term Debt -- Business, Accounting, and You -- What Are the Differences Among Known, Estimated, and Contingent Liabilities? -- How Do You Account for Current Liabilities of a Known Amount? -- Accounts Payable -- Notes Payable -- Sales Tax Payable -- Accrued Expenses (Accrued Liabilities) -- Unearned Revenues -- Current Portion of Long-Term Debt -- How Do You Account for Current Liabilities of an Uncertain Amount? -- Estimated Warranty Liability -- How Do You Account for a Contingent Liability? -- How Do You Account for Long-Term Debt? -- Notes Payable -- Bonds Payable -- Lease Liabilities -- How Are Liabilities Reported on the Balance Sheet? -- Summary -- Accounting Practice -- Apply Your Knowledge -- Know Your Business -- Chapter 10 Corporations: Paid-In Capital and Retained Earnings -- Business, Accounting, and You -- How Are Corporations Organized?. ; What Makes Up the Stockholders' Equity of a Corporation?.
• Sommario/riassunto: Understanding financial accounting as the language of business. Once students see that accounting is the language of business, they are on their way to academic and professional success. Financial Accounting, Third Edition translates the essentials of accounting to students so they understand why and when financially sound decisions are made in business today. Teaching and Learning Experience This program presents a better teaching and learning experience-for you and your students. With Financial Accounting, Third Edition you 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 a text with strong pedagogy tools to create a clear learning path: Students are able to acquire, understand, and retain important information by completing exercises, learning key terms, participating in discussion questions, following critical thinking activities and more. Present fundamental accounting principles by using current real-world examples: Up-to-date information prepares students for working in their field. Illustrate tough concepts using visuals: The text presents the connection between accounting equations and big picture concepts by using striking visuals. Please note that the product you are purchasing does not include MyAccountingLab. MyAccountingLab Join over 11 million students benefiting from Pearson MyLabs. This title can be supported by MyAccountingLab, an online homework and tutorial system designed to test and build your understanding. Would you like to use the power of MyAccountingLab to accelerate your learning? You need both an access card and a; course ID to access MyAccountingLab. These are the steps you need to take: 1. Make sure that your lecturer is already using the system Ask your lecturer before purchasing a MyLab product as you will need a course ID from them before you can gain access to the system. 2. Check whether an access card has been included with the book at a reduced cost If it has, it will be on the inside back cover of the book. 3. If you have a course ID but no access code, you can benefit from MyAccountingLab at a reduced price by purchasing a pack containing a copy of the book and an access code for MyAccountingLab (ISBN: 9781292019734) 4. If your lecturer is using the MyLab and you would like to purchase the product....Go to www.myaccountinglab.com to buy access to this interactive study programme. For educator access, contact your Pearson representative. To find out who your Pearson representative is, visit www.pearsoned.co.uk/replocator &nbsp.
• Titolo autorizzato: Financial accounting
• ISBN: 1-292-07479-5
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910154800103321
• Lo trovi qui: Univ. Federico II
• Serie: Always learning.