Financial AccountingTo understand a business, you have to understand the financial insides of a business organization. Through a focus on accounting transactions, real-world problem-solving, and engaging industry examples, Weygandt Financial Accounting, 11th edition demonstrates how accounting is an exciting field of study and helps connect core financial accounting concepts to students' everyday lives and future careers. Continuing to help students succeed in their introductory financial accounting course for over two decades, this edition brings together the trusted Weygandt, Kimmel, and Kieso reputation with fresh, timely, and accurate updates to help build confidence and engage today's students. |
Contents
Accounting in Action | 1 |
Generally Accepted Accounting Principles | 8 |
The Recording Process | 1 |
Current Assets | 19 |
Adjusting the Accounts | 1 |
Adjusting Entries for Deferrals | 9 |
Adjusting Entries for Accruals 314 | 15 |
Adjusted Trial Balance and Financial Statements 321 | 21 |
Reporting Cash 727 | 31 |
Accounting for Receivables | 1 |
Valuing Accounts Receivable | 2 |
Presentation 819 | 19 |
Plant Assets Natural Resources | 1 |
Natural Resources and Intangible Assets 919 | 21 |
Exchange of Plant Assets 927 | 27 |
Liabilities 101 | 1 |
Summary of Additional Adjustment Relationships 328 | 28 |
Completing the Accounting Cycle | 1 |
LongTerm Investments 420 | 2 |
Preparing Adjusting Entries from a Worksheet | 8 |
LongTerm Liabilities 423 | 23 |
Valuation and Disposition of Accounts | 26 |
Accounting for Merchandising | 1 |
Freight Costs | 8 |
Data Analytics and Credit Sales 514 | 14 |
MultipleStep Income Statement 518 | 20 |
Recording Merchandise Transactions 526 | 26 |
Posting Closing Entries 411 | 29 |
Inventories | 1 |
Inventory Presentation and Analysis 618 | 18 |
AverageCost 623 | 24 |
Fraud Internal Control and Cash | 1 |
Fraud and Internal Control | 7 |
Cash Disbursements Controls 715 | 15 |
Electronic Funds Transfer EFT System 721 | 21 |
Maxwell Car Company 101 | 10 |
Organization Stock | 1 |
Accounting for Treasury Stock 1115 | 2 |
Corporate Form of Organization 113 | 9 |
Reporting and Analyzing Stockholders Equity 1127 | 11 |
Stockholders Equity Statement 1132 | 32 |
Statement of Cash Flows | 1 |
Statement of Cash Flows 121 | 12 |
Operating Activities 1219 | 19 |
Net Change in Cash 1226 | 26 |
The Big Picture 131 | 1 |
Warren Buffett 132 | 7 |
Horizontal Analysis and Vertical Analysis 139 | 13 |
Vuitton | 1 |
Present Values | 7 |
Capital Budgeting Situations G15 | 15 |
APPENDIX | 1 |
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Common terms and phrases
accounting equation Accounts Payable Accounts Receivable accrued adjusted trial balance adjusting entries amortization amount Analysis balance sheet bank cash dividend cash flows cash provided closing entries columns common stock company’s Compute Corporation cost current assets current liabilities Debit Credit December 31 decrease Depreciation Expense Depreciation—Equipment discount employees ending inventory entry to record equipment equity financial statements GAAP gross profit HELPFUL HINT IFRS income statement income taxes increase Instructions Interest Expense internal control investing issued January journal entries ledger LIFO merchandise method net income Notes Payable operating activities paid paid-in capital payment PepsiCo plant assets Prepaid Insurance Prepare present value provided by operating purchase ratio Rent Expense reported retained earnings retained earnings statement Salaries and Wages Sales Revenue shares shown in Illustration sold statement of cash Supplies Expense total assets transactions treasury stock Unearned Service Revenue Wages Expense Wages Payable WileyPLUS worksheet