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Contents
1 Introduction to Financial Statements 2 A Further Look at Financial Statements 3 The Accounting Information System 4 Accrual Accounting Concepts 5 Merchandising Operations and the Multiple-Step Income Statement 6 Reporting and Analyzing Inventory 7 Fraud, Internal Control, and Cash 8 Reporting and Analyzing Receivables 9 Reporting and Analyzing Long-Lived Assets 10 Reporting and Analyzing Liabilities 11 Reporting and Analyzing Stockholders' Equity 12 Statement of Cash Flows 13 Financial Analysis: The Big Picture APPENDICES A Specimen Financial Statements: Tootsie Roll Industries, Inc. A-1 B Specimen Financial Statements: The Hershey Company B-1 C Specimen Financial Statements: Zetar plc C-1 D Time Value of Money D-1 E Reporting and Analyzing Investments E-1