Financial accounting : an introduction to concepts, methods, and uses / Clyde P. Stickney, Roman L. Weil.
2003
HF5635 .S74 2003 (Map It)
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Details
Author
Title
Financial accounting : an introduction to concepts, methods, and uses / Clyde P. Stickney, Roman L. Weil.
Published
Mason, Ohio : Thomson/South-Western, [2003]
Copyright
©2003
Call Number
HF5635 .S74 2003
Edition
Tenth edition.
ISBN
0324183518
0324184867 (Solutions manual)
0324184867 (Solutions manual)
Description
xx, 952, 12 pages : illustrations (some color) ; 27 cm
System Control No.
(OCoLC)49699460
Note
Accompanied by solutions manual.
Bibliography, etc. Note
Includes bibliographical references and index.
Record Appears in
Added Author
Table of Contents
Preface
Part 1
Overview of Financial Statements
1
Chapter 1
Introduction to Business Activities and Overview of Financial Statements and the Reporting Process
2
Overview of Business Activities
4
Principal Financial Statements
8
Problem 1.1 for Self-Study
18
Other Items in Annual Reports
19
Financial Reporting Issues
20
The Financial Reporting Process in the United States
25
An International Perspective
27
Summary
28
Solution to Self-Study Problem
28
Key Terms and Concepts
30
Questions, Exercises, Problems, and Cases
31
Part 2
Accounting Concepts and Methods
43
Chapter 2
Balance Sheet: Presenting the Investments and Financing of a Firm
44
Underlying Concepts
46
Problem 2.1 for Self-Study
53
Problem 2.2 for Self-Study
56
Accounting Procedures for Preparing the Balance Sheet
57
Problem 2.3 for Self-Study
64
An Overview of the Accounting Process
65
Balance Sheet Account Titles
68
Problem 2.4 for Self-Study
71
Analysis of the Balance Sheet
72
An International Perspective
76
Summary
80
Solutions to Self-Study Problems
81
Key Terms and Concepts
85
Questions, Exercises, Problems, and Cases
85
Chapter 3
Income Statement: Reporting the Results of Operating Activities
108
The Accounting Period Convention
110
Accounting Methods for Measuring Performance
110
Problem 3.1 for Self-Study
116
Measurement Principles of Accrual Accounting
116
Problem 3.2 for Self-Study
120
Overview of Accounting Procedures
120
Illustration of the Accounting Process for a Merchandising Firm
124
Problem 3.3 for Self-Study
127
Problem 3.4 for Self-Study
135
Problem 3.5 for Self-Study
143
Interpreting and Analyzing the Income Statement
144
Summary
146
Solutions to Self-Study Problems
148
Key Terms and Concepts
151
Questions, Exercises, Problems, and Cases
151
Chapter 4
Statement of Cash Flows: Reporting the Effects of Operating, Investing, and Financing Activities on Cash Flows
178
Need for a Statement of Cash Flows
179
Overview of the Statement of Cash Flows
180
Problem 4.1 for Self-Study
184
Preparing the Statement of Cash Flows
185
Problem 4.2 for Self-Study
192
Problem 4.3 for Self-Study
195
Problem 4.4 for Self-Study
204
An International Perspective
209
Problem 4.5 for Self-Study
209
Using Information in the Statement of Cash Flows
210
Summary
213
Problem 4.6 for Self-Study
214
Solutions to Self-Study Problems
215
Key Terms and Concepts
220
Questions, Exercises, Problems, and Cases
220
Chapter 5
Introduction to Financial Statement Analysis
246
Objectives of Financial Statement Analysis
248
Analysis of Profitability
250
Problem 5.1 for Self-Study
259
Problem 5.2 for Self-Study
266
Analysis of Risk
268
Problem 5.3 for Self-Study
272
Problem 5.4 for Self-Study
275
Limitations of Ratio Analysis
276
An International Perspective
276
Summary
277
Problem 5.5 for Self-Study
277
Appendix 5.1
Pro Forma Financial Statements and Valuation
279
Solutions to Self-Study Problems
292
Key Terms and Concepts
294
Questions, Exercises, Problems, and Cases
295
Part 3
Measuring and Reporting Assets and Equities Using Generally Accepted Accounting Principles
313
Chapter 6
Receivables and Revenue Recognition
314
Financial Reporting Environment
316
Quality of Earnings
317
Review of Income Recognition Principles
318
Application of Income Recognition Principles
320
Problem 6.1 for Self Study
321
Revenue Recognition at Time of Sale
322
Problem 6.2 for Self-Study
332
Analyzing Information on Accounts Receivable
334
Income Recognition at Times Different from Sale
336
Summary Illustration of Income Recognition Methods
341
Problem 6.3 for Self-Study
343
Format and Classification within the Income Statement
343
An International Perspective
345
Summary
346
Appendix 6.1
Effects on the Statement of Cash Flows of Transactions Involving Accounts Receivable
346
Solutions to Self-Study Problems
347
Key Terms and Concepts
350
Questions, Exercises, Problems, and Cases
350
Chapter 7
Inventories: The Source of Operating Profits
364
A Review of Fundamentals
365
Issue 1
Costs Included in Inventory
367
Problem 7.1 for Self-Study
372
Issue 2
Valuation Subsequent to Acquisition
374
Issue 3
Cost Flow Assumptions
376
Problem 7.2 for Self-Study
381
Problem 7.3 for Self-Study
385
Analyzing Inventory Disclosures
385
Problem 7.4 for Self-Study
389
Problem 7.5 for Self-Study
390
An International Perspective
391
Summary
391
Appendix 7.1
Effects on the Statement of Cash Flows of Transactions Involving Inventory
392
Solutions to Self-Study Problems
393
Key Terms and Concepts
397
Questions, Exercises, Problems, and Cases
397
Chapter 8
Long-Lived Tangible and Intangible Assets: The Source of Operating Capacity
416
Capitalization versus Immediate Expensing
418
Measurement of Acquisition Cost
422
Problem 8.1 for Self-Study
425
Treatment of Acquisition Cost Over Life of Asset
426
Depreciation and Amortization: Fundamental Concepts
427
Depreciation and Amortization: Measurement
428
Problem 8.2 for Self-Study
434
Impact of New Information about Long-Lived Assets
436
Problem 8.3 for Self-Study
438
Problem 8.4 for Self-Study
440
Problem 8.5 for Self-Study
444
Retirement of Assets
444
Financial Statement Presentation
446
Analyzing Financial Statement Disclosures of Long-Lived Assets
447
Problem 8.6 for Self-Study
451
An International Perspective
451
Summary
452
Appendix 8.1
Effects on the Statement of Cash Flows of Transactions Involving Plant and Intangible Assets
453
Solutions to Self-Study Problems
455
Key Terms and Concepts
458
Questions, Exercises, Problems, and Cases
458
Chapter 9
Liabilities: Introduction
474
Basic Concepts of Liabilities
475
Current Liabilities
481
Problem 9.1 for Self-Study
484
Long-Term Liabilities
485
Problem 9.2 for Self-Study
489
Problem 9.3 for Self-Study
491
Problem 9.4 for Self-Study
499
Problem 9.5 for Self-Study
505
Problem 9.6 for Self-Study
509
Summary
509
Appendix 9.1
Effects on the Statement of Cash Flows of Transactions Involving Long-Term Liabilities
510
Solutions to Self-Study Problems
511
Key Terms and Concepts
518
Questions, Exercises, Problems, and Cases
519
Chapter 10
Liabilities: Off-Balance-Sheet Financing, Leases, Deferred Income Taxes, Retirement Benefits, and Derivatives
534
Off-Balance-Sheet Financing
535
Problem 10.1 for Self-Study
538
Leases
539
Problem 10.2 for Self-Study
546
Income Tax Accounting and Deferred Income Taxes
547
Problem 10.3 for Self-Study
551
Problem 10.4 for Self-Study
552
Deferred Compensation: Pension Benefits and Other Deferred Compensation
556
Deferred Compensation: Health Care and Other Benefits
558
Derivative Instruments
558
Problem 10.5 for Self-Study
571
An International Perspective
572
Summary
572
Appendix 10.1
Effects on the Statement of Cash Flows of Transactions Involving Liabilities
572
Solutions to Self-Study Problems
574
Key Terms and Concepts
580
Questions, Exercises, Problems, and Cases
581
Chapter 11
Marketable Securities and Investments
596
Overview of the Accounting and Reporting of Investments in Securities
597
Minority, Passive Investments
599
Problem 11.1 for Self-Study
601
Problem 11.2 for Self-Study
606
Minority, Active Investments
608
Problem 11.3 for Self-Study
611
Majority, Active Investments
612
Problem 11.4 for Self-Study
619
An International Perspective
621
Summary
621
Appendix 11.1
Preparing Consolidated Financial Statements
623
Problem 11.5 for Self-Study
628
Appendix 11.2
Accounting for Corporate Acquisitions
629
Problem 11.6 for Self-Study
633
Appendix 11.3
Effects on the Statement of Cash Flows of Investments in Securities
634
Solutions to Self-Study Problems
635
Key Terms and Concepts
640
Questions, Exercises, Problems, and Cases
641
Chapter 12
Shareholders' Equity: Capital Contributions, Earnings, and Distributions
670
Capital Contributions
673
Issuing Capital Stock
675
Problem 12.1 for Self-Study
683
Reporting Operating Transactions
683
Problem 12.2 for Self-Study
695
An International Perspective
695
Corporate Distributions
696
Problem 12.3 for Self-Study
700
Problem 12.4 for Self-Study
702
Earnings and Book Value per Share
703
Disclosure of Changes in Shareholders' Equity
703
An International Perspective
706
Summary
709
Appendix 12.1
Effects on the Statement of Cash Flows of Transactions Involving Shareholders' Equity
709
Solutions to Self-Study Problems
710
Key Terms and Concepts
713
Questions, Exercises, Problems, and Cases
713
Chapter 13
Statement of Cash Flows: Another Look
734
Review of Concepts Underlying the Statement of Cash Flows
735
Review of T-Account Procedure for Preparing the Statement of Cash Flows
736
Comprehensive Illustration of the Statement of Cash Flows
737
Problem 13.1 for Self-Study
754
Interpreting the Statement of Cash Flows
754
Solution to Self-Study Problem
756
Problems and Cases
757
Part 4
Synthesis
777
Chapter 14
Significance and Implications of Alternative Accounting Principles
778
Establishing Acceptable Accounting Principles
779
Review of Generally Accepted Accounting Principles
782
An Illustration of the Effects of Alternative Accounting Principles on a Set of Financial Statements
788
Assessing the Effects of Alternative Accounting Principles on Investment Decisions
792
The Firm's Selection of Alternative Accounting Principles
797
Summary
800
Problem 14.1 for Self-Study
800
Solution to Self-Study Problem
805
Key Terms and Concepts
810
Questions, Exercises, Problems, and Cases
810
Appendix
830
Compound Interest, Annuity, and Bond Tables
857
Glossary
865
Index
953