Introduction to Financial AccountingFor one-term courses in Financial Accounting at the undergraduate and graduate levels. This best-selling text offers a relevant, real-world approach to financial accounting theory, terminology, and procedures. Students learn how to comprehend a typical corporate annual report and to use accounting as a tool in understanding how economic events affect business. An exceptionally strong pedagogy and flexible structure provide instructors with great latitude in choosing various combinations of breadth and depth, theory and procedures, simplicity and complexity. Simple concepts are introduced early and revisited at more sophisticated levels as students gain sophistication and understanding, and concepts are made concrete at every step with actual, current company illustrations. An extensive selection of supplements help students move beyond the text for hands-on experience with the real world of financial accounting. |
Contents
Part One The Fundamentals of Accounting | 2 |
Part Two Major Elements of Basic Financial Statements | 3 |
12 | 4 |
Copyright | |
27 other sections not shown
Other editions - View all
Introduction to Financial Accounting Charles T. Horngren,Gary L. Sundem,John A. Elliott Snippet view - 1996 |
Introduction to Financial Accounting Charles T. Horngren,Gary L. Sundem,John A. Elliott Snippet view - 1996 |
Common terms and phrases
Accounts payable accounts receivable accrual Accrued Accumulated depreciation acquired acquisition adjusting entries adjustments amortization amount analysis annual report audit balance sheet equation bank Biwheels Company bonds book value cash dividends cash flows cash provided chapter common stock company's Compute consolidated corporation cost current assets current liabilities Debit December 31 decrease depreciation expense discount dollars effect ending inventory entity example Exhibit Explain FASB FIFO financial statements GAAP gross profit income statement income tax expense increase Interest expense investment investors issued January 31 journal entries lease ledger LIFO long-term debt ment Merchandise Inventory method million net income note payable open account operating activities owners paid payment percentage period Prepaid rent provided by operating purchase ratio recorded Rent expense Required Required retained earnings retained income shareholders shares sold statement of cash stockholders Store Equipment T-accounts total assets transactions treasury stock trial balance wages Wal-Mart