Introduction to Financial Accounting: A User PerspectiveIn this revision, the authors present accounting information in a broader business context emphasizing what accounting information is, why it is important, and how it is used to make strategic economic decisions. Optional brief coverage of accounting procedures (debits/credits)is included. The 2/e features expanded assignment material, new annual report projects, and new PHLIP/CW site. |
Contents
Introduction to Business in the United States | 3 |
Economic Decision Making F43 | 43 |
Personal Values and Decision Making F51 | 51 |
Copyright | |
34 other sections not shown
Common terms and phrases
accounting information Accounts Receivable accrual basis Accumulated Depreciation amount analysis annual report balance sheet bank basis of accounting Beginning Inventory bonds book value borrowing Calculate cash basis cash flow statement cash flows chapter common stock company's corporation current assets Current Liabilities Debit Credit debt December 31 depreciation expense depreciation method Discussion Questions dividend economic decision makers ended December 31 ending inventory equipment Exhibit Explain FASB FIFO financial statements GAAP Gap Inc gross profit income statement income tax industry Interest Expense Inventory Cost investment investors issued journal entries LIFO loan long-term Major Group merchandise inventory month net income Notes Payable operating activities Operating Expenses owners paid par value partners partnership payment preferred stock Prepare purchase record REQUIRED residual value retained earnings revenue sell shareholders sold statement of cash straight-line Total Assets Total Liabilities transactions treasury stock trial balance turnover units