Financial Accounting:
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | Undetermined |
| Published: |
Boston [u.a.]
McGraw-Hill [u.a.]
2001
|
| Edition: | 3. ed. |
| Series: | McGraw-Hill Higher Education
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XXXV, 875 S. Ill., graph. Darst. + CD-ROM |
| ISBN: | 0071180532 |
Staff View
MARC
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| 245 | 1 | 0 | |a Financial Accounting |c Robert Libby ; Patricia A. Libby ; Daniel G. Short |
| 250 | |a 3. ed. | ||
| 264 | 1 | |a Boston [u.a.] |b McGraw-Hill [u.a.] |c 2001 | |
| 300 | |a XXXV, 875 S. |b Ill., graph. Darst. + CD-ROM | ||
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Record in the Search Index
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| adam_text | Contents
Preface xi
Part I Background and Introductory Ideas 1
1 What is accounting? And why study it anyway? 3
1.1 Introduction 3
1.2 What is accounting? 6
1.3 Accounting and financial accounting 12
1.4 Studying to be a professional? 16
Summary 20
Key terms and concepts 20
Further reading 21
Notes 21
2 Cash, cashbooks and units of account 22
2.1 Introduction 22
2.2 The case of Mr Brain - a student 23
2.3 Analysis of Mr Brain s cashbook 31
2.4 Some lessons from Mr Brain . 35
Summary 37
Key terms and concepts 38
Further reading 38
Notes 39
3 Organizations, organizational subsystems and the flows of double-entry
bookkeeping 40
3.1 Introduction 40
3.2 Types of organizations 42
3.3 Characteristics of organizational types 44
3.4 Organizations, systems and accounting 47
3.5 Mr Brain and this systems view 54
Summary 58
Key terms and concepts 59
Further reading 60
Notes 60
Part II Bookkeeping and Accounting Records 61
4 Organizational flows: a categorization of basic transactions, accounting
records and double-entry bookkeeping 63
4.1 Introduction 63
4.2 Eight types of accounting transactions 72
4.3 Some further points about commercial and non-commercial
organizations 78
Summary 81
Key terms and concepts 82
Further reading 82
Notes 82
5 Putting the eight basic transactions to work, producing the accounting
records and an initial trial balance 83
5.1 Introduction 83
5.2 A detailed worked example: Bird Industries Ltd 84
5.3 The initial trial balance 99
Summary 102
Key terms and concepts 1 3
Further reading 1™
Notes 104
Appendix 5: Single-entry bookkeeping and the spreadsheet 104
6 The accounting information system: organizing and controlling the
accounting records I
6.1 Introduction 1°7
6.2 Capturing the accounting data H2
6.3 Organizing the accounting records
6.4 Controlling the accounting records 119
Summary 126
Key terms and concepts 126
Further reading 126
Notes 127
7 The trial balance and categorization: the accounting conventions,
assets, liabilities, revenues, expenses, provisions and reserves 128
7.1 Introduction 128
7.2 Categorizing the trial balance entries 132
7.3 The accounting conventions 137
7.4 The accounting conventions and the basic categories 143
7.5 So what are end-of-period adjustments? 149
Summary 150
Key terms and concepts 151
Further reading 151
Notes 151
Part III End-of-period Adjustments and the Financial Statements 153
8 Accruals, prepayments and general provisions and an introduction
to the production and format of the profit and loss account
and balance sheet 153
8.1 Introduction 153
8.2 What are accruals, prepayments, income in advance and general
provisions? 157
8.3 A worked example with accruals, prepayments and provisions 161
8.4 Laying out the profit and loss account and balance sheet 169
Summary 171
Key terms and concepts 172
Further reading 172
Notes 172
Appendix 8A: The basic T-accounts for Yothu Yindi Ltd, 2001 174
Appendix 8B: End-of-period adjustments for Yothu Yindi Ltd without
using the extended trial balance - using only T-accounts 176
9 Depreciation of fixed assets and profits and losses on disposal 179
9.1 Introduction 179
9.2 Calculating depreciation 181
9.3 The bookkeeping for depreciation 187
9.4 Yothu Yindi Ltd: fixed assets and depreciation 193
9.5 The disposal of fixed assets 197
9.6 A worked example on depreciation and disposals of fixed assets 199
9.7 Issues arising with depreciation 199
Summary 202
Further reading 202
Key terms and concepts 203
Notes 203
Appendix 9: The new financial statement for Yothu Yindi Ltd, 2001 203
10 Stock allocation, valuation and the cost of sales 207
10.1 Introduction 207
10.2 The valuation of stock and inventory: the simple case 212
10.3 The valuation of stock and inventory: the more complex cases 220
10.4 An illustration of stock end-of-period adjustments 224
Summary 234
Key terms and concepts 235
Further reading 235
Notes 235
11 Bad and doubtful debts (and another look at provisions) 237
11.1 Introduction 237
11.2 Accounting for bad and doubtful debts 238
11.3 Provisions revisited and the accounting decisions 246
Summary 24
Further reading 249
Key terms and concepts 2^
Notes 25°
12 From the trial balance to the financial statements: ownership
claims, profit, appropriations and social reality 251
12.1 Introduction 251
12.2 Ownership claims 254
12.3 The published profit and loss account and balance sheet 2 °
12.4 Starting to think about financial statements 2
Summary 27
Key terms and concepts 272
Further reading 27^
Notes 273
13 Partnerships 275
13.1 Introduction 27
13.2 Partnership capital and current accounts ^
13.3 Further partnership issues 2°
13.4 Thinking about financial accounting - again
Summary 292
Key terms and concepts 2^2
Further reading 292
Notes 293
Appendix 13: Full T-accounts and financial statements for the
Jeopardy Partnership 294
14 Accounting regulation and company accounts 297
14.1 Introduction 297
14.2 An overview of the regulation of financial accounting 300
14.3 Introduction to company law and the format of company accounts 305
14.4 Pronouncements by the professional accountancy bodies 316
14.5 Other regulations and the regulation of non-company organizations 322
Summary 323
Key terms and concepts 324
Further reading 325
Notes 325
Part IV Beyond the Profit and Loss Account and Balance Sheet 327
15 Reading the financial statements and annual report: cash flow
analysis and interpreting financial numbers 329
15.1 Introduction 329
15.2 Company liquidity and cash flow 331
15.3 The cash flow statement 334
15.4 Reading the financial statements 346
15.5 Ratio analysis 350
Summary 363
Key terms and concepts 364
Further reading 364
Notes 364
16 Accounting for changing prices: an introduction 366
16.1 Introduction 366
16.2 The effect of changing prices on financial statements:
a worked example 370
16.3 Methods of asset valuation (and expense determination) 375
16.4 Concepts of capital maintenance 379
16.5 Accounting for changing prices and the accounting profession 383
16.6 Some further refinements 384
16.7 A review, summary and some concluding remarks on accounting
for changing prices 387
Key terms and concepts 390
Further reading 390
Notes 390
17 Expanding the reporting function: social and environmental
accounting and reporting 391
17.1 Introduction 391
17.2 Disclosures in company annual reports 393
17.3 Social accounting and reporting 398
17.4 Environmental accounting and reporting 403
17.5 The pros and contras of SEAR 406
Summary 406
Key terms and concepts 408
Further reading 408
Notes 408
18 Thinking about accounting: theoretical perspectives on financial
accounting and reporting 410
18.1 Introduction 410
18.2 Data-oriented approach 414
18.3 Decision usefulness approach 418
18.4 Organizational resource approach 424
18.5 An evaluation of the alternatives 426
Summary 430
Key terms and concepts 430
Further reading 431
Notes 431
PartV Where Have We Been? Where Do We Go Next? 433
19 Where have we been? Where do we go next? 435
19.1 Looking back over the course 435
19.2 Looking forward 438
19.3 Education and the accounting profession 439
Notes 440
References 441
Index 445
|
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| spelling | Libby, Robert Verfasser aut Financial Accounting Robert Libby ; Patricia A. Libby ; Daniel G. Short 3. ed. Boston [u.a.] McGraw-Hill [u.a.] 2001 XXXV, 875 S. Ill., graph. Darst. + CD-ROM txt rdacontent n rdamedia nc rdacarrier McGraw-Hill Higher Education Finanzbuchhaltung (DE-588)4113562-3 gnd rswk-swf Finanzbuchhaltung (DE-588)4113562-3 s DE-604 Libby, Patricia A. Verfasser aut Short, Daniel G. Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017237766&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
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| subject_GND | (DE-588)4113562-3 |
| title | Financial Accounting |
| title_auth | Financial Accounting |
| title_exact_search | Financial Accounting |
| title_full | Financial Accounting Robert Libby ; Patricia A. Libby ; Daniel G. Short |
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| title_short | Financial Accounting |
| title_sort | financial accounting |
| topic | Finanzbuchhaltung (DE-588)4113562-3 gnd |
| topic_facet | Finanzbuchhaltung |
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