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Full Description
Develop a strong foundation in financial accounting that prepares you for future study and success in business with "Financial Accounting," 18th Edition, by award-winning authors Warren/Jones/Tayler. This edition connects accounting concepts to the bigger picture, showing how the steps in the accounting cycle are interrelated and how accounting plays a critical role in business success. Chapter-opening features demonstrate how content fits within the overall framework. New content integrates coverage of AI and data analytics, while online appendices offer optional topics for study. CNOWv2 offers an interactive learning experience that bridges the gap between content, homework and exam performance to master essential accounting skills. The text features updated, real-world examples, data analytics activities using Excel and Tableau and interactive online resources.
Contents
1. Introduction to Accounting and Business.
2. Analyzing Transactions.
3. The Adjusting Process.
4. The Accounting Cycle.
Appendix 1: End-of-Period Spreadsheet.
Appendix 2: Statement of Cash Flows for NetSolutions.
5. Accounting for Merchandising Businesses.
Appendix 1: Sales Discounts.
Appendix 2: The Periodic Inventory System.
6. Inventories.
Appendix: Estimating Inventory Cost.
7. Internal Control and Cash.
8. Receivables.
9. Long-Term Assets: Fixed and Intangible.
Appendix: Exchanging Similar Fixed Assets.
10. Liabilities: Current, Installment Notes, and Contingencies.
11. Liabilities: Bonds Payable.
Appendix 1: Present Value Concepts and Pricing Bonds Payable.
Appendix 2: Effective Interest Rate Method of Amortization.
12. Accounting for Partnerships and Limited Liability Companies.
13. Corporations: Organization, Stock Transactions, and Dividends.
14. Statement of Cash Flows.
Appendix 1: Spreadsheet (Worksheet) for Statement of Cash Flows - The Indirect Method.
Appendix 2: Preparing the Statement of Cash Flows - The Direct Method.
15. Financial Statement Analysis.
Appendix A: Present Value Tables.
Appendix B: Selected Topics.
Topic 1: Investments.
Topic 2: Evaluating Decentralized Operations.
Topic 3: The Balanced Scorecard.
Appendix C: Nike Inc. Annual Report (10-K).
Glossary.
Index.
Online Appendices.
O-1: Special Journals and Subsidiary Ledgers.
O-2: Reversing Journal Entries.
O-3: Reporting Unusual Items and Comprehensive Income.
O-4: Revenue Recognition.
