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