Financial Accounting: Tools for Business Decision Making

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John Wiley & Sons, Oct 25, 2010 - Business & Economics - 864 pages
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This successful book continues to provide accountants with an understanding of the fundamental concepts necessary to use accounting effectively. The sixth edition offers new discussions on IFRS, including new codification numbers, examples of IFRS financial statements, and additional exercises. A look at more recent frauds such as the Bernie Madoff scandal have been added. Enhanced discussions of ethics and international accounting are presented. The coverage of non-cash items and their impact on decision making has been expanded. In addition, comprehensive case studies and problems help accountants tie the material together.
  

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Let me start my review by saying I have never liked Accounting... ever. This book is easy to follow. It takes each process step-by-step. It gives plenty of examples, gives you all the formulas you need, and has a lot of practice problems to help you understand differences in these processes. This book has been the best accounting book I've had throughout my educational journey. If you have to take an accounting class, this is the book to use. 

Contents

chapter
1
Brief Contents
2
Business Activities
9
A Look at IFRS
42
The Classified Balance Sheet
48
Using the Financial Statements
54
Keeping an Eye on Cash
61
A Look at IFRS
96
Accounting for Bond Retirements
520
APPENDIX 10A StraightLine Amortization
531
APPENDIX 10C Accounting for LongTerm
537
A Look at IFRS
564
Reporting and Analyzing Stockholders Equity
568
The Corporate Form of Organization
570
Stock Issue Considerations
575
Preferred Stock
582

chapter 4
162
The Adjusted Trial Balance
183
Keeping an Eye on Cash
191
A Look at IFRS
224
MultipleStep Income Statement
226
Recording Purchases of Merchandise
231
Income Statement Presentation
239
Evaluating Profitability
245
APPENDIX 5A Periodic Inventory System
251
A Look at IFRS
276
Classifying Inventory
282
Perpetual Inventory System
303
chapter 7
334
Cash Controls
346
Reporting Cash
358
APPENDIX 7A Operation of
366
A Look at IFRS
393
Notes Receivable
407
Keeping an Eye on Cash
420
A Look at IFRS
444
Reporting and Analyzing LongLived Assets
446
Accounting for Plant Assets
453
Analyzing Plant Assets
464
Financial Statement Presentation
472
Reporting and Analyzing Liabilities
504
LongTerm Liabilities
512
Retained Earnings
589
APPENDIX 11A Entries for Stock Dividends
598
A Look at IFRS
619
Statement of Cash Flows
622
Preparation of the Statement of Cash Flows
631
APPENDIX 12A Statement of Cash Flows
646
The Big Picture
684
Comparative Analysis
693
Ratio Analysis
699
APPENDIX 13A Comprehensive Illustration
708
A Look at IFRS
743
APPENDICES
1
Management Discussion and Analysis
6
Managements Report on Internal Control
16
Auditors Report A32
32
Hershey Company
38
Zetar plc
41
Time Value of Money
45
Future Value of an Annuity
48
Time Periods and Discounting D11
55
appendix
65
Valuing and Reporting Investments
72
E Reporting and Analyzing Investments
75
photo credits CR1
96
company index
109
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