Synopses & Reviews
This bestseller has powered the careers of countless professionals. This update to the 11th edition builds on the book's reputation for comprehensiveness, accuracy, and currency, incorporating all the recent changes to the accounting literature. It integrates numerous examples from real corporations throughout the chapters to help readers understand the application of accounting principles and techniques in practice. They'll also find problems that are modeled on the AICPA 'Simulations' - a new question format designed for the computerized uniform CPA Exam. These problems prepare readers for the exam, testing their ability to read, digest, research and respond to both a numeric problem and a short answer essay. This edition does NOT include the Problem Solving Survival Guide
Table of Contents
- Financial Accounting and Accounting Standards
- Conceptual Framework Underlying Financial Accounting
- The Accounting Information System
- Income Statement and Related Information
- Balance Sheet and Statement of Cash Flows
- Accounting and the Time Value of Money
- Cash and Receivables
- Valuation of Inventories: A Cost Basis Approach
- Inventories: Additional Valuation Issues
- Acquisition and Disposition of Property, Plant and Equipment
- Depreciation, Impairments, and Depletion
- Intangible Assets
- Current Liabilities and Contingencies
- Long Term Liabilities
- Stockholders Equity
- Dilutive Securities and Earnings Per Share
- Investments
- Revenue Recognition
- Accounting for Income Taxes
- Accounting for Pensions and Postretirement Benefits
- Accounting for Leases
- Accounting Changes and Error Analysis
- Statement of Cash Flows
- Full Disclosure in Financial Reporting