Holdings: Financial accounting

Financial accounting:

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Bibliographic Details
Main Authors:	Needles, Belverd E. (Author), Powers, Marian (Author)
Format:	Book
Language:	English
Published:	Boston u.a. Houghton Mifflin 2004
Edition:	8. ed.
Subjects:	Management accounting Accounting Rechnungswesen
Online Access:	Inhaltsverzeichnis
Physical Description:	XXXII, 780 S. graph. Darst.
ISBN:	0618310746

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MARC


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Record in the Search Index

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adam_text	Preface xiv To the Student xxv About the Authors xxx Check Figures xxxi 1 Uses of Accounting Information and ¦ DECISION POINT Walgreen Co. 2 ACCOUNTING AS AN INFORMATION SYSTEM 4 Business Coals, Activities, and Performance Measures 4 ¦ VIDEO CASE Intel Corporation 5 ¦ FOCUS ON BUSINESS PRACTICE How Do Performance Measures Relate to Executive Bonuses? 7 Financial and Management Accounting 7 ¦ FOCUS ON BUSINESS PRACTICE What Does Watgreens Have to Say about Itself? 7 Processing Accounting Information 7 ¦ FOCUS ON BUSINESS PRACTICE How Did Accounting Develop? 8 DECISION MAKERS: THE USERS OF ACCOUNTING INFORMATION 8 Management 9 Users with a Direct Financial Interest 9 ¦ Focus on Business Practice What Does the CFO Do? 10 Users with an Indirect Financial Interest 10 Governmental and Not for Profit Organizations 10 ACCOUNTING MEASUREMENT 11 What Is Measured? 11 Business Transactions as the Object of Measurement 11 Money Measure 11 The Concept of Separate Entity 12 THE CORPORATION AS A SEPARATE ENTITY 12 Corporations Differentiated from Sole Proprietorships and Partnerships 12 ¦ FOCUS ON BUSINESS PRACTICE Are Most Corporations Big or Small Businesses? 13 Formation of a Corporation 14 Supplement to Chapter 1 How to Read s The Components of an Annual report 49 Letter to the Stockholders 49 Financial Highlights 50 the Financial Statements 2 Organization of a Corporation 14 FINANCIAL POSITION AND THE ACCOUNTING EQUATION 15 Assets 15 Liabilities 15 Owners Equity 16 Some Illustrative Transactions 17 COMMUNICATION THROUGH FINANCIAL STATEMENTS 22 The Income Statement 22 The Statement of Retained Earnings 22 The Balance Sheet 22 The Statement of Cash Flows 24 Financial Statements of Walgreen Co. 25 Generally accepted accounting Principles 28 Financial Statements, CAAP, and the Independent CPA s Report 28 Organizations That Influence Current Practice 29 professional ethics and the accounting Profession 30 ¦ Focus on Business ethics Good Ethics = Good Business! 30 Chapter Review 31 Review of Learning Objectives 31 Review of Concepts and Terminology 32 Review Problem 34 Answer to Review Problem 35 Chapter Assignments 36 Questions 36 Short Exercises 36 Exercises 38 Problems 41 Alternate Problems 43 Skills Development Cases 44 Financial Reporting and Analysis Cases 46 m Annual Report 49 Description of the Company 50 Financial Statements 50 Notes to Financial Statements 51 Report of Management s Responsibilities 53 Management s Discussion and Analysis 53 2 Measuring Business Transactions ¦ DECISION POINT Continental Airlines, Inc. The Boeing Co. 106 MEASUREMENT ISSUES 108 The Recognition Issue 108 ¦ Focus on Business practice Accounting Policies: Where Do You Find Them? 108 The Valuation Issue 109 ¦ FOCUS ON INTERNATIONAL BUSINESS No Dollar Amount: How Can That Be? 109 ¦ Focus on Business Practice Is It Always Cost? 110 The Classification Issue 110 ACCOUNTS AND THE CHART OF ACCOUNTS 110 Stockholders Equity Accounts 112 Account Titles 112 the double entry system: the basic method of Accounting 113 The T Account 113 The T Account Illustrated 114 3 Measuring Business Income ¦ DECISION POINT Kelly Services 148 PROFITABILITY MEASUREMENT: THE ROLE OF BUSINESS INCOME 150 Net Income 150 Revenues 150 Expenses 150 INCOME MEASUREMENT ISSUES 151 The Accounting Period Issue 151 ¦ FOCUS ON BUSINESS PRACTICE Fiscal Year Ends Vary 151 The Continuity Issue 151 The Matching Issue 152 accrual Accounting 152 Recognizing Revenues When Earned 152 Recognizing Expenses When Incurred 153 Adjusting the Accounts 153 ¦ Focus on Business Ethics Aggressive Accounting or Deception? You Judge. 153 Accrual Accounting and Performance Measures 154 THE ADJUSTMENT PROCESS 155 Type 1: Allocating Recorded Costs Between Two or More Accounting Periods (Deferred Expenses) 155 Report of Certified Public Accountants 54 The Annual Report project 56 106 Analyzing and Processing Transactions 114 TRANSACTION ANALYSIS ILLUSTRATED 116 ¦ FOCUS ON BUSINESS ETHICS Are Financial Statements Always Truthful? 118 The Trial Balance 123 ¦ FOCUS ON BUSINESS TECHNOLOGY Are All Trial Balances Created Equal? 124 Recording and Posting Transactions 125 The General Journal 125 The General Ledger 126 Some Notes on Presentation 127 Chapter Review 128 Review of Learning Objectives 128 Review of Concepts and Terminology 129 Review Problem 130 Answer to Review Problem 131 Chapter Assignments 132 Questions 132 Short Exercises 133 Exercises 135 Problems 138 Alternate Problems 141 Skills Development Cases 144 Financial Reporting and Analysis Cases 145 148 ¦ Focus on International business Who Needs Accounting Knowledge? 159 Type 2: Recognizing Unrecorded Expenses (Accrued Expense) 160 Type 3: Allocating Recorded Unearned Revenues Between Two or More Accounting Periods (Deferred Revenues) 162 Type 4: Recognizing Unrecorded Revenues (Accrued Revenues) 163 ¦ FOCUS ON BUSINESS TECHNOLOGY Ecommerce: Whafs Its Impact? 164 A Note About Journal Entries 164 Using the adjusted Trial Balance to Prepare Financial Statements 164 ¦ Focus on Business Technology Entering Adjustments With the Touch of a Button 167 CASH FLOWS FROM ACCRUAL BASED INFORMATION 167 Chapter Review 168 Review of Learning Objectives 168 Review of Concepts and Terminology 169 Review Problem 170 Answer to Review Problem 171 Chapter Assignments 174 Questions 174 Short Exercises 174 Exercises 175 Problems 178 Alternate Problems 182 Skills Development Cases 184 Financial Reporting and Analysis Cases 185 ¦ DECISION POINT Hershey Foods Corp. 188 accounting information systems: principl of Design 190 Cost Benefit Principle 190 Control Principle 190 ¦ FOCUS ON BUSINESS PRACTICE How Much Is a Used Computerized Accounting System Worth? 191 Compatibility Principle 191 Flexibility Principle 191 Overview of the accounting Cycle 191 Computerized accounting Information Systems 193 Spreadsheet Software 193 General Ledger Systems 193 ¦ Focus on Business technology Networking: How to Get It Done 193 Structure of General Ledger Systems 195 ACCOUNTANTS AND THE INTERNET 196 ¦ FOCUS ON BUSINESS PRACTICE B to B and EDI: How Much Can They Save? 197 5 Financial Reporting and Analysis ¦ DECISION POINT General Mills, Inc. 238 Objectives of Financial information 240 Qualitative Characteristics of accounting Information 240 Conventions that Help in the Interpretatic of financial information 242 Comparability and Consistency 242 ¦ FOCUS ON BUSINESS PRACTICE How Much Is Material? It s Not Only a Matter of Numbers. Materiality 243 Conservatism 243 ¦ FOCUS ON BUSINESS PRACTICE When Is Full Disclosure Too Much? It s a Matter of Cost a Benefits 244 Full Disclosure 244 Cost Benefit 244 Management s responsibility for ethical Reporting 245 ¦ FOCUS ON BUSINESS ETHICS Questionable Accounting Practices Are Under Scrutiny. 245 Classified Balance sheet 246 Assets 246 Closing Entries 197 ES ¦ FOCUS ON BUSINESS TECHNOLOGY E2K: How Much Time Can It Save? 197 Required Closing Entries 198 The Accounts After Closing 202 ¦ FOCUS ON INTERNATIONAL BUSINES Closing Doesn t Have to Be Such a Headache. 205 The Post Closing Trial Balance 205 Reversing Entries: The Optional First Step in the Next Accounting Period 206 the Work Sheet: An Accountant s Tool 207 Preparing the Work Sheet 208 Using the Work Sheet 214 Chapter Review 217 Review of Learning Objectives 217 Review of Concepts and Terminology 218 Review Problem 220 Answer to Review Problem 221 Chapter Assignments 221 Questions 221 Short Exercises 222 Exercises 224 Problems 228 Alternate Problems 232 Skills Development Cases 234 Financial Reporting and Analysis Cases 235 238 Liabilities 248 Stockholders Equity 249 Other Forms of Business Organization 249 Reading and Graphing Real Company Balance Sheets 250 FORMS OF THE INCOME STATEMENT 252 Multistep Income Statement 252 Reading and Graphing Real Company Income Statements 255 Single Step Income Statement 256 Using Classified Financial Statements 258 Evaluation of Liquidity 259 Evaluation of Profitability 260 nd ¦ Focus on Business Practice Who Is Right: The Credit Worthiness Analyst or the Profitability Analyst? 260 ¦ Focus on Business Practice To What Level of Profitability Should a Company Aspire? 263 Chapter Review 265 Review of Learning Objectives 265 Review of Concepts and Terminology 266 Review Problem 268 Answer to Review Problem 268 Chapter Assignments 269 Questions 269 Short Exercises 270 Exercises 272 Problems 275 Alternate Problems 277 Skills Development Cases 279 Financial Reporting and Analysis Cases 281 ¦ DECISION POINT Target Stores 286 Management issues in merchandising Business 288 Cash Flow Management 288 ¦ VIDEO CASE Claire s Stores, Inc. 289 Profitability Management 290 Choice of Inventory System 290 ¦ Focus on Business Technology Bar Codes—How Have They Influenced Choice of Inventory Systems? 291 Control of Merchandising Operations 292 Terms of Sale 293 ¦ Focus on Business Technology How Are Web Sales Doing? 293 Applying the Perpetual inventory System 294 Transactions Related to Purchases of Merchandise 294 Transactions Related to Sales of Merchandise 296 ¦ FOCUS ON BUSINESS PRACTICE Are Sales Returns Worth Accounting For? 297 Applying the periodic inventory System 298 Transactions Related to Purchases of Merchandise 299 Transactions Related to Sales of Merchandise 300 INTERNAL CONTROL: BASIC COMPONENTS AND CONTROL ACTIVITIES 301 7 Short Term Financial Assets ¦ DECISION POINT Pioneer Corporation 332 Management issues Related to Short Term Financial assets 334 Managing Cash Needs During Seasonal Cycles 334 ¦ Focus on Business practice What a Difference a Year Makes! 335 Setting Credit Policies 335 ¦ Focus on Business practice Why Powerful Buyers Can Cause Headaches for Small Businesses 335 Financing Receivables 337 CASH AND CASH EQUIVALENTS 338 ¦ FOCUS ON BUSINESS ETHICS What About the Unlawful Use of EFT? 339 Short Term investments 339 Held to Maturity Securities 340 Trading Securities 340 Available for Sale Securities 342 Dividend and Interest Income 342 Accounts Receivable 343 Management s Responsibility for Internal Control 301 Components of Internal Control 302 Control Activities 302 ¦ Focus on Business Ethics Which Frauds Are Most Common? 303 Limitations of Internal Control 303 Internal Control over merchandising Transactions 304 Internal Control and Management Coals 304 Control of Cash Sales Receipts 305 Control of Purchases and Cash Disbursements 306 ¦ FOCUS ON BUSINESS TECHNOLOGY How Do Computers Influence Internal Controls? 306 Accounting for Discounts 310 Sales Discounts 310 Purchases Discounts 310 Chapter Review 311 Review of Learning Objectives 311 Review of Concepts and Terminology 312 Review Problem 314 Answer to Review Problem 314 Chapter Assignments 316 Questions 316 Short Exercises 317 Exercises 318 Problems 322 Alternate Problems 325 Skills Development Cases 327 Financial Reporting and Analysis Cases 329 332 Uncollectible Accounts and the Direct Charge Off Method 343 Uncollectible Accounts and the Allowance Method 344 ¦ Focus on Business Practice Selling Goods and Services Is Only Half the Problem. 345 Estimating Uncollectible Accounts Expense 345 ¦ Focus on International business Why Companies in Emerging Economies Must Adapt Accounting Practices 346 Writing Off an Uncollectible Account 349 Recovery of Accounts Receivable Written Off 349 Notes Receivable 350 Computations for Promissory Notes 351 ¦ Focus on Business Practice How Long is a Year? It Depends. 351 Accounting Entries for Promissory Notes 352 Preparing a Bank reconciliation 354 Chapter Review 356 Review of Learning Objectives 356 Review of Concepts and Terminology 357 Review Problem 359 Answer to Review Problem 360 I Chapter Assignments 360 Questions 360 Short Exercises 361 Exercises 362 Problems 365 Alternate Problems 367 8 Inventories ¦ DECISION POINT J.C Penney Company, Inc. 374 MANAGEMENT ISSUES ASSOCIATED WITH ACCOUNTING FOR INVENTORIES 376 Applying the Matching Rule to Inventories 376 ¦ VIDEO CASE J.C. Penney Company, Inc. 377 Assessing the Impact of Inventory Decisions 377 Evaluating the Level of Inventory 378 ¦ FOCUS ON BUSINESS TECHNOLOGY Dell s Inventory Turnover Can Make Your Head Spin 378 ¦ FOCUS ON BUSINESS PRACTICE What a Headache! 380 INVENTORY COST AND GOODS FLOW 380 Merchandise in Transit 380 Merchandise on Hand Not Included in Inventory 381 Goods Flow Versus Cost Flow 381 Methods of pricing Inventory at Cost Under the Periodic Inventory System 38i Specific Identification Method 382 Average Cost Method 382 First ln, First Out (FIFO) Method 383 Last In, First Out (LIFO) Method 383 ¦ FOCUS ON BUSINESS PRACTICE Whafs a Category Killer ? 384 Pricing inventory under the Perpetual Inventory System 385 ¦ FOCUS ON BUSINESS TECHNOLOGY More Companies Enjoy LIFO! 386 9 Current Liabilities and the Time Value ¦ DECISION POINT US Airways, Inc. 412 Management issues related to accounting for Current liabilities 414 Managing Liquidity and Cash Flows 414 ¦ Focus on Business Practice Debt Problems Can Plague Even Well Known Companies 416 Recognition of Liabilities 416 Valuation of Liabilities 416 Classification of Liabilities 416 Disclosure of Liabilities 417 common categories of current Liabilities 417 Definitely Determinable Liabilities 417 Estimated Liabilities 423 Skills Development Cases 369 Financial Reporting and Analysis Cases 371 374 comparison and impact of inventory Decisions and misstatements 387 Effects on the Financial Statements 388 Effects on Income Taxes 388 ¦ Focus on Business Practice Does a Company s Accounting Method Affect Management s Operating Decisions? 389 Effects of Misstatements in Inventory Measurement 389 ¦ Focus on Business Ethics The Temptation to Overstate Inventories 390 Inventory Measurement and Cash Flows 391 Valuing Inventory at the lower of Cost or Market (LCM) 391 ¦ Focus on Business Practice How Bad Can It Get? 392 Item by ltem Method 392 Major Category Method 392 Valuing Inventory By estimation 393 Retail Method of Inventory Estimation 393 Cross Profit Method of Inventory Estimation 394 Chapter Review 395 Review of Learning Objectives 395 Review of Concepts and Terminology 396 Review Problem 397 Answer to Review Problem 397 Chapter Assignments 400 Questions 400 Short Exercises 401 Exercises 402 Problems 405 Alternate Problems 406 Skills Development Cases 407 Financial Reporting and Analysis Cases 409 ; of Money 412 ¦ Focus on Business practice Those Little Coupons Can Add Up. 423 ¦ Focus on Business practice Are Frequent Flier Miles a Liability or a Revenue? 425 Contingent Liabilities and Commitments 425 The Time Value of Money 426 Future Value 427 Future Value of a Single Sum at Compound Interest 427 Future Value of an Ordinary Annuity 428 PRESENT VALUE 429 Present Value of a Single Sum Due in the Future 430 Present Value of an Ordinary Annuity 430 Time Periods 431 APPLICATION OF THE TIME VALUE OF MONEY TO ACCOUNTING 432 Valuing an Asset 432 Deferred Payment 433 Investment of Idle Cash 433 Accumulation of a Fund for Loan Repayment 434 Other Accounting Applications 435 10 Long Term Assets ¦ DECISION POINT H. J. Heinz Company 448 MANAGEMENT ISSUES RELATED TO ACCOUNTING FOR LONG TERM ASSETS 450 ¦ VIDEO CASE Fermi National Accelerator Laboratory 451 Deciding to Acquire Long Term Assets 451 Financing Long Term Assets 453 Applying the Matching Rule to Long Term Assets 454 Acquisition cost of property, plant, and Equipment 455 The Importance of Classifying Expenditures Correctly 455 General Approach to Acquisition Costs 455 ¦ FOCUS ON BUSINESS ETHICS Is It an Asset or Expense? The Answer Matters. 457 ACCOUNTING FOR DEPRECIATION 457 Factors That Affect the Computation of Depreciation 458 ¦ FOCUS ON BUSINESS PRACTICE The Useful Life of an Aircraft Is How Long? 458 Methods of Computing Depreciation 459 ¦ FOCUS ON BUSINESS PRACTICE Accelerated Methods Save Money! 462 DISPOSAL OF DEPRECIABLE ASSETS 462 Discard or Sale of Plant Assets 462 Exchanges of Plant Assets 464 ACCOUNTING FOR NATURAL RESOURCES 466 Depletion 466 Depreciation of Closely Related Plant Assets 467 11 Long Term Liabilities ¦ DECISION POINT AT T Corporation 494 management issues related to issuing Long term debt 496 The Decision to Issue Long Term Debt 496 ¦ Focus on International business Pushed to the Brink of Failure 497 How Much Debt to Carry 497 Types of Long Term Debt 498 Timing of Long Term Debt Repayment 498 Chapter Review 435 Review of Learning Objectives 435 Review of Concepts and Terminology 436 Review Problem 437 Answer to Review Problem 437 Chapter Assignments 438 Questions 438 Short Exercises 438 Exercises 439 Problems 442 Alternate Problems 443 Skills Development Cases 444 Financial Reporting and Analysis Cases 446 448 Development and Exploration Costs in the Oil and Gas Industry 467 ACCOUNTING FOR INTANGIBLE ASSETS 468 ¦ FOCUS ON BUSINESS PRACTICE Take a Closer Look at Subscriber Lists! 470 Research and Development Costs 470 ¦ Focus on International business Lack of Comparability Is a Real Problem! 470 Computer Software Costs 471 Leasehold Improvements 471 Goodwill 471 ¦ FOCUS ON BUSINESS PRACTICE Wake up. Goodwill Is Growing! 472 SPECIAL PROBLEMS OF DEPRECIATING PLANT ASSETS 472 Depreciation for Partial Years 472 Revision of Depreciation Rates 473 Group Depreciation 474 Special Types of Capital Expenditures 474 Cost Recovery for Federal Income Tax Purposes 475 Chapter Review 475 Review of Learning Objectives 475 Review of Concepts and Terminology 476 Review Problem 478 Answer to Review Problem 479 Chapter Assignments 480 Questions 480 Short Exercises 481 Exercises 482 Problems 484 Alternate Problems 486 Skills Development Cases 488 Financial Reporting and Analysis Cases 490 494 THE NATURE OF BONDS 499 Secured or Unsecured Bonds 499 Term or Serial Bonds 499 ¦ FOCUS ON INTERNATIONAL BUSINESS Choice of Bank Debt Cripples Japanese Firms 500 Registered or Coupon Bonds 500 ACCOUNTING FOR BONDS PAYABLE 500 Balance Sheet Disclosure of Bonds 500 Bonds Issued at Face Value 500 Face Interest Rate and Market Interest Rate 501 ¦ Focus on Business Practice Check Out Those Bond Prices! 501 Bonds Issued at a Discount 502 Bonds Issued at a Premium 502 ¦ Focus on Business Practice 100 Year Bonds Are Not for Everyone 503 Bond Issue Costs 503 USING PRESENT VALUE TO VALUE A BOND 503 AMORTIZATION OF BOND DISCOUNTS AND PREMIUMS 504 Amortizing a Bond Discount 504 Amortizing a Bond Premium 508 ¦ Focus on Business Technology Speed Up the Calculations! 510 Other bonds payable issues 511 Sale of Bonds Between Interest Dates 511 12 Contributed Capital ¦ DECISION POINT Cisco Systems, Inc. 534 Management Issues Related to Contributed Capital 536 Managing Under the Corporate Form of Business 536 ¦ VIDEO CASE Lotus Development Corporation 537 Using Equity Financing 539 Determining Dividend Policies 540 Evaluating Performance Using Return on Equity 541 ¦ Focus on Business practice When Are Stock Options Worthless? Apparently Never! 542 Using Stock Options as Compensation 542 COMPONENTS OF STOCKHOLDERS EQUITY 543 ¦ Focus on International business Hot New European Stock Markets Have Cooled! 543 Dividends 544 The characteristics of preferred Stock 545 Preference as to Dividends 545 Preference as to Assets 546 ¦ Focus on Business practice Why Did Microsoft Issue Preferred Stock? 547 13 The Corporate Income Statement a Stockholders Equity ¦ DECISION POINT AMR Corporation 570 Performance measurement: Quality of Earnings issues 572 Year End Accrual of Bond Interest Expense 512 RETIREMENT OF BONOS 514 Callable Bonds 514 Convertible Bonds 515 Other long term liabilities 516 Mortgages Payable 516 Long Term Leases 516 Pensions 518 Other Postretirement Benefits 519 Chapter Review 519 Review of Learning Objectives 519 Review of Concepts and Terminology 521 Review Problem 522 Answer to Review Problem 523 Chapter Assignments 524 Questions 524 Short Exercises 524 Exercises 525 Problems 527 Alternate Problems 529 Skills Development Cases 530 Financial Reporting and Analysis Cases 531 534 Convertible Preferred Stock 547 Callable Preferred Stock 547 ACCOUNTING FOR STOCK ISSUANCE 548 Par Value Stock 548 No Par Stock 549 Issuance of Stock for Noncash Assets 550 ACCOUNTING FOR TREASURY STOCK 550 Purchase of Treasury Stock 551 Sale of Treasury Stock 551 ¦ FOCUS ON BUSINESS PRACTICE When Are Share Buybacks a Bad Idea? 552 Retirement of Treasury Stock 553 Chapter Review 553 Review of Learning Objectives 553 Review of Concepts and Terminology 554 Review Problem 556 Answer to Review Problem 556 Chapter Assignments 558 Questions 558 Short Exercises 559 Exercises 560 Problems 562 Alternate Problems 563 Skills Development Cases 564 Financial Reporting and Analysis Cases 566 tnd the Statement of 570 The Corporate Income Statement 572 ¦ FOCUS ON BUSINESS PRACTICE Why Do Investors Study Quality of Earnings? 572 Choice of Accounting Methods and Estimates 573 Cains and Losses 575 Wrrte Downs and Restructurings 575 Nature of Nonoperating Items 575 ¦ focus on Business Ethics Whistle Blowing 576 Effect of Quality of Earnings on Cash Flows and Performance Measures 576 Income Taxes expense 577 Deferred Income Taxes 578 Net of Taxes 579 NONOPERATING ITEMS 580 Discontinued Operations 580 Extraordinary Items 580 Accounting Changes 581 ¦ FOCUS ON INTERNATIONAL BUSINESS Were Preussag s Year End Results Really Remarkable ? 581 earnings per share 582 The Statement of Stockholders equity 584 14 The Statement of Cash Flows ¦ DECISION POINT Marriott International, Inc. 610 * VIDEO CASE Goodyear Tire Rubber Company 613 Overview of the Statement of Cash Flows 613 Purposes of the Statement of Cash Flows 614 Internal and External Users of the Statement of Cash Flows 614 Classification of Cash Flows 614 ¦ Focus on International business How Universal Is the Statement of Cash Flows? 616 Format of the Statement of Cash Flows 616 Analyzing the Statement of Cash flows 616 Cash Generating Efficiency 616 Free Cash Flow 617 ¦ Focus on Business practice What Do You Mean, Free Cash Flow ? 618 ¦ Focus on Business practice Cash Flows Tell All. 618 preparing the statement of cash flows: Operating Activities 619 Depreciation 622 Gains and Losses 622 Changes in Current Assets 623 15 Financial Performance Evaluation ¦ DECISION POINT Sun Microsystems 652 financial performance evaluation by internal and External users 654 Retained Earnings 584 Restriction on Retained Earnings 586 ¦ Focus on International Business Why Are Reserves Common in Other Countries? 586 Accounting for Stock Dividends and Stock Splits 586 Stock Dividends 586 Stock Splits 589 ¦ Focus on Business Practice Do Stock Splits Help Increase a Company s Market Price? 589 Book Value 590 Chapter Review 591 Review of Learning Objectives 591 Review of Concepts and Terminology 593 Review Problem 594 Answer to Review Problem 594 Chapter Assignments 596 Questions 596 Short Exercises 597 Exercises 598 Problems 600 Alternate Problems 603 Skills Development Cases 604 Financial Reporting and Analysis Cases 606 610 Changes in Current Liabilities 623 ¦ FOCUS ON BUSINESS PRACTICE What s Your Burn Rate ? 624 Schedule of Cash Flows from Operating Activities 624 PREPARING THE STATEMENT OF CASH FLOWS: INVESTING ACTIVITIES 624 Investments 625 Plant Assets 626 Preparing the Statement of Cash Flows: Financing activities 627 Bonds Payable 627 Common Stock 628 Retained Earnings 628 Treasury Stock 628 Chapter Review 630 Review of Learning Objectives 630 Review of Concepts and Terminology 630 Review Problem 631 Answer to Review Problem 633 Chapter Assignments 634 Questions 634 Short Exercises 635 Exercises 636 Problems 639 Alternate Problems 642 Skills Development Cases 645 Financial Reporting and Analysis Cases 648 652 Internal Users 654 External Users 654 Standards for Financial Statement Analysis 655 Rule of Thumb Measures 655 Past Performance of the Company 656 Industry Norms 656 ¦ Focus on Business Ethics Take the Numbers with a Grain of Salt. 658 Sources of information 658 Reports Published by the Company 658 SEC Reports 658 ¦ Focus on Business technology Find It on the Internet. 659 Business Periodicals and Credit and Investment Advisory Services 659 Tools and Techniques of Financial analysis 661 Horizontal Analysis 661 Trend Analysis 662 Vertical Analysis 664 16 Long Term Investments and Intern; ¦ DECISION POINT PepsiCo, Inc. 694 long term investments in bonds and Stocks 696 Long Term Investments in Bonds 696 Long Term Investments in Stocks 696 ¦ Focus on Business Ethics Are You an Insider? 696 ¦ FOCUS ON INTERNATIONAL BUSINESS Accounting for International Joint Ventures 701 Consolidated Financial Statements 701 Consolidated Balance Sheet 701 ¦ Focus on Business practice Anatomy of a Purchase 702 Consolidated Income Statement 706 International Accounting 707 Effects of Foreign Business Transactions 708 Ratio Analysis 667 COMPREHENSIVE ILLUSTRATION OF RATIO ANALYSIS 667 Evaluating Liquidity 668 Evaluating Profitability 668 ¦ Focus on Business Practice There s More Than One Way to Measure Profitability. 670 Evaluating Long Term Solvency 670 Evaluating Cash Flow Adequacy 672 Evaluating Market Strength 672 Summary of the Financial Analysis of Sun Microsystems, Inc. 674 Chapter Review 674 Review of Learning Objectives 674 Review of Concepts and Terminology 675 Review Problem 676 Answer to Review Problem 678 Chapter Assignments 679 Questions 679 Short Exercises 680 Exercises 682 Problems 684 Alternate Problems 688 Skills Development Cases 690 Financial Reporting and Analysis Cases 691 ational Accounting 694 Accounting for Transactions in Foreign Currencies 709 ¦ FOCUS ON INTERNATIONAL BUSINESS What s a Euro? 710 Restatement of foreign Subsidiary Financial Statements 712 International Accounting Standards 713 ¦ Focus on International Business How Do U.S. and U.K. GAAP Compare? 713 Chapter Review 714 Review of Learning Objectives 714 Review of Concepts and Terminology 715 Review Problem 716 Answer to Review Problem 717 Chapter Assignments 717 Questions 717 Short Exercises 718 Exercises 719 Problems 721 Alternate Problems 724 Skills Development Cases 725 Financial Reporting and Analysis Cases 726
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id	DE-604.BV017633054
illustrated	Illustrated
indexdate	2024-07-09T19:20:08Z
institution	BVB
isbn	0618310746
language	English
lccn	2002109652
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-010605645
oclc_num	53307495
open_access_boolean
owner	DE-91 DE-BY-TUM
owner_facet	DE-91 DE-BY-TUM
physical	XXXII, 780 S. graph. Darst.
publishDate	2004
publishDateSearch	2004
publishDateSort	2004
publisher	Houghton Mifflin
record_format	marc
spelling	Needles, Belverd E. Verfasser aut Financial accounting Belverd E. Needles ; Marian Powers 8. ed. Boston u.a. Houghton Mifflin 2004 XXXII, 780 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Management accounting gtt Accounting Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Rechnungswesen (DE-588)4048732-5 s 1\p DE-604 Powers, Marian Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010605645&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk
spellingShingle	Needles, Belverd E. Powers, Marian Financial accounting Management accounting gtt Accounting Rechnungswesen (DE-588)4048732-5 gnd
subject_GND	(DE-588)4048732-5
title	Financial accounting
title_auth	Financial accounting
title_exact_search	Financial accounting
title_full	Financial accounting Belverd E. Needles ; Marian Powers
title_fullStr	Financial accounting Belverd E. Needles ; Marian Powers
title_full_unstemmed	Financial accounting Belverd E. Needles ; Marian Powers
title_short	Financial accounting
title_sort	financial accounting
topic	Management accounting gtt Accounting Rechnungswesen (DE-588)4048732-5 gnd
topic_facet	Management accounting Accounting Rechnungswesen
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010605645&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT needlesbelverde financialaccounting AT powersmarian financialaccounting

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