Online Financial Accounting_en
Online_Financial Accounting
Training Course
Financial Accounting: Tools for Business Decision Making, 5th Edition
Paul D. Kimmel, University of Wisconsin, Milwaukee
Jerry J. Weygandt, Univ. of Wisconsin, Madison
Donald E. Kieso, Northern Illinois Univ.
ISBN: 978-0-470-23980-3
©2009
Phase: ONE
18 hours.
CONTENTS
CHAPTER 1: INTRODUCTION TO FINANCIAL STATEMENTS.
- Knowing the Numbers.
- Forms of Business Organization.
- Users and Uses of Financial Information.
- Business Activities.
- Communicating with Users.
- A Quick Look at Tootsie Roll’s Financial Statements.
CHAPTER 2: A FURTHER LOOK AT FINANCIAL STATEMENTS.
- The Classified Balance Sheet.
- Using the Financial Statements.
- Keeping an Eye on Cash.
- Financial Reporting Concepts.
CHAPTER 3: THE ACCOUNTING INFORMATION SYSTEM.
- The Accounting Information System.
- Accounting Transactions.
- The Account.
- Steps in the Recording Process.
- The Recording Process Illustrated.
- The Trial Balance.
- Keeping an Eye on Cash.
CHAPTER 4: ACCRUAL ACCOUNTING CONCEPTS.
- Timing Issues.
- The Basics of Adjusting Entries.
- The Adjusted Trial Balance and Financial Statements.
- Closing the Books.
- Quality of Earnings.
- Appendix: Adjusting Entries in an Automated World—Using a Worksheet.
Phase: TWO
18 hours.
CONTENTS
CHAPTER 5: MERCHANDISING OPERATIONS AND THE MULTIPLE-STEP INCOME STATEMENT.
- Merchandising Operations.
- Recording Purchases of Merchandise.
- Recording Sales of Merchandise.
- Income Statement Presentation.
- Evaluating Profitability.
- Keeping an Eye on Cash.
- Appendix: Periodic Inventory System.
- Recording Merchandise Transactions.
- Recording Purchases of Merchandise.
- Recording Sales of Merchandise.
- Comparison of Entries—Perpetual vs. Periodic.
CHAPTER 6: REPORTING AND ANALYZING INVENTORY.
- Classifying Inventory.
- Determining Inventory Quantities.
- Inventory Costing.
- Keeping an Eye on Cash.
- Analysis of Inventory.
- Appendix 6A Inventory Cost Flow Methods in Perpetual Inventory Systems.
- First-In, First-Out (FIFO).
- Last-In, First-Out (LIFO).
- Average Cost.
- Appendix 6B Inventory Errors.
- Income Statement Effects.
- Balance Sheet Effects.
CHAPTER 7: FRAUD, INTERNAL CONTROL, AND CASH.
- Fraud and Internal Control.
- Cash Controls.
- Control Features: Use of a Bank.
- Reporting Cash.
- Managing and Monitoring Cash.
- Keeping an Eye on Cash.
- Appendix Operation of the Petty Cash Fund.
- Establishing the Petty Cash Fund.
- Making Payments from Petty Cash.
- Replenishing the Petty Cash Fund.
CHAPTER 8: REPORTING AND ANALYZING RECEIVABLES.
- Types of Receivables.
- Accounts Receivable.
- Notes Receivable.
- Financial Statement Presentation of Receivables.
- Managing Receivables.
- Keeping an Eye on Cash.
CHAPTER 9: REPORTING AND ANALYZING LONG-LIVED ASSETS.
- Section 1 Plant Assets.
- Determining the Cost of Plant Assets.
- Accounting for Plant Assets.
- Analyzing Plant Assets.
- Section 2 Intangible Assets.
- Accounting for Intangible Assets.
- Types of Intangible Assets.
- Financial Statement Presentation of Long-Lived Assets.
- Keeping an Eye on Cash.
- Appendix: Calculation of Depreciation Using Other Methods.
- Declining-Balance.
- Units-of-Activity.
Phase: THREE
18 hours
CONTENTS
CHAPTER 10: REPORTING AND ANALYZING LIABILITIES.
- Current Liabilities.
- Bonds: Long-Term Liabilities.
- Accounting for Bond Issues.
- Accounting for Bond Retirements.
- Financial Statement Presentation and Analysis.
- Keeping an Eye on Cash.
- Analysis.
- Off-Balance-Sheet Financing.
- Appendix 10A: Straight-Line Amortization.
- Amortizing Bond Discount.
- Amortizing Bond Premium.
- Appendix 10B: Effective-Interest Amortization.
- Amortizing Bond Discount.
- Amortizing Bond Premium.
- Appendix 10C: Accounting for Long-Term Notes Payable.
CHAPTER 11: REPORTING AND ANALYZING STOCKHOLDERS’ EQUITY.
- The Corporate Form of Organization.
- Stock Issue Considerations.
- Accounting for Treasury Stock.
- Preferred Stock.
- Dividends.
- Retained Earnings.
- Financial Statement Presentation of Stockholders’ Equity.
- Keeping an Eye on Cash.
- Measuring Corporate Performance.
- Appendix: Entries for Stock Dividends.
CHAPTER 12: STATEMENT OF CASH FLOWS.
- The Statement of Cash Flows: Usefulness and Format.
- Preparation of the Statement of Cash Flows—Indirect Method.
- Using Cash Flows to Evaluate a Company.
- Keeping an Eye on Cash.
- Appendix: Statement of Cash Flows—Direct Method.
- Step 1: Operating Activities.
- Step 2: Investing and Financing Activities.
- Step 3: Net Change in Cash.
CHAPTER 13: FINANCIAL ANALYSIS: THE BIG PICTURE.
- Sustainable Income.
- Comparative Analysis.
- Ratio Analysis.
- Quality of Earnings.
- Appendix: Comprehensive Illustration of Ratio Analysis.
- Liquidity Ratios.
- Solvency Ratios.
- Profitability Ratios.
- APPENDIX A: Specimen Financial Statements: Tootsie Roll Industries, Inc.
- APPENDIX B: Specimen Financial Statements: Hershey Foods Corporation.
- APPENDIX C: Time Value of Money.
- APPENDIX D: Reporting and Analyzing Investments.
Text Book Website
Main Page
http://bcs.wiley.com/he-bcs/Books?action=index&bcsId=4573&itemId=0470239808
Self Study Web Quizzes
http://bcs.wiley.com/he-bcs/Books?action=resource&bcsId=4573&itemId=0470239808&resourceId=14668
Self Test Web Quizzes
http://bcs.wiley.com/he-bcs/Books?action=resource&bcsId=4573&itemId=0470239808&resourceId=14669
End