Survey of Accounting: Making Sense of Business
Pearson/Prentice Hall, 2004 - Business & Economics - 562 pages
The authors' extensive experience in teaching and private practice show in this introduction to accounting. Financial and management accounting topics are integrated into a natural order--the way they may occur in a real start-up business. The book presents the evolution of a fictitious business from its formation, looking first at the strategic planning and research to organize the business, financing the plan, investing in the resources, amd operating the business. As you read, you'll learn the accounting cycle culminating with the financial statements, to analyze the information for internal management decisions, and to compare the fictitious business with others. An excellent resource for entrepreneurs and small business owners, as well as accounting managers in large corporations.
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2004 DESCRIPTION REF ACCOUNT NAME ACCOUNT NUMBER accounting equation accounting information Accounts Payable Accounts Receivable adjusting entries amount analysis annual BALANCE 2004 DESCRIPTION balance sheet bank bonds borrowing budget business activity Calculate capital cash flows Chapter CN CN common stock company's contribution margin corporation CREDIT DEBIT CREDIT CREDIT May 31 customers DATE POST BALANCE DEBIT CREDIT DEBIT December 31 depreciation determine direct material discount dividends effective interest rate Elevation Sports employees entity equipment equity estimated Exhibit expenses Family Dollar Stores financial statements fixed costs income statement income taxes increase industry investment investors journal liabilities loan manufacturing overhead Megan operating operating cash flows owners paid partnership payment percent period POST BALANCE 2004 Prepare present value profit purchase ratio rent Required retail revenue shares snowboards sold standard statement of cash transactions trial balance units variable costs variance