Synopses & Reviews
A unique blend of theory, practice, and robust financial statement analysis.
Introduction to Financial Accounting describes the most widely accepted accounting theory and practice with an emphasis on using and analyzing the information in financial statements. This text also compares U.S. GAAP to IFRS where relevant.
Synopsis
Introduction to Financial Accounting describes the most widely accepted accounting theory and practice with an emphasis on using and analyzing the information in financial statements. This text also compares U.S. GAAP to IFRS where relevant.
KEY TOPICS: Accounting: The Language of Business. Measuring Income to Assess Performance. The Portfolio. Recording Transactions. Accrual Accounting and Financial Statements. Statement of Cash Flows. Accounting for Sales. Inventories and Cost of Goods Sold. Long-Lived Assets. Liabilities and Interest. Stockholders' Equity. Intercorporate Investments and Consolidations. Financial Statement Analysis.
Directed primarily toward Accounting college/university majors, this text also provides practical content to current and aspiring industry professionals.
Table of Contents
1. Accounting: The Language of Business
2. Measuring Income to Assess Performance
The Portfolio
3. Recording Transactions
4. Accrual Accounting and Financial Statements
5. Statement of Cash Flows
6. Accounting for Sales
7. Inventories and Cost of Goods Sold
8. Long-Lived Assets
9. Liabilities and Interest
10. Stockholders’ Equity
11. Intercorporate Investments and Consolidations
12. Financial Statement Analysis
Glossary
Index