Financial Accounting Thomas, Tietz, and Harrison Jr. • 12th Edition • 978-0134727066

Ch. 1 - Conceptual Framework and Financial Statements

Welcome! Types of Accounting Business Organization Useful Information Fundamental Accounting Equation The Financial Statements Sample Financial Statements - Coca Cola

Ch. 2 - Recording Business Transactions

Journal Entries: Debits and Credits Accounting Flow Intuition: BASE Formula Journal Entries: Business Formation Example Trial Balance Classified Balance Sheet Components

Ch. 3 - Accrual Accounting

Accrual Accounting vs. Cash Basis Accounting Revenue Recognition and Expense Recognition Introduction to Adjusting Journal Entries and Prepaid Expenses Adjusting Entries: Supplies Adjusting Entries: Unearned Revenue Adjusting Entries: Accrued Expenses Adjusting Entries: Accrued Revenues Adjusting Entries: Depreciation Summary of Adjusting Entries Unadjusted vs Adjusted Trial Balance Closing Entries Post-Closing Trial Balance

Ch. 4 - Presentation of Financial Statements

The Financial Statements Sample Financial Statements - Coca Cola Comprehensive Income Introduction to Ratios Ratios: Working Capital and the Current Ratio Ratios: Debt to Asset Ratio

Ch. 5 - Internal Control, Cash, and Receivables

Fraud and the Fraud Triangle Sarbanes-Oxley Act Five Components of Internal Controls Principles of Control Activities Limitations of Internal Controls Petty Cash Bank Reconciliation Journal Entries for Bank Reconciliation Types of Receivables Net Accounts Receivable: Direct Write-off Method Net Accounts Receivable: Allowance for Doubtful Accounts Net Accounts Receivable: Percentage of Sales Method Net Accounts Receivable: Aging of Receivables Method Notes Receivable Ratios: Quick (Acid Test) Ratio Ratios: Accounts Receivable (AR) Turnover Ratios: Average Collection Period (Days Sales Outstanding)

Ch. 6 - Inventory and Merchandising Operations

Service Company vs. Merchandising Company Net Sales Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory Perpetual Inventory - Purchases Perpetual Inventory - Freight Costs Perpetual Inventory - Purchase Discounts Perpetual Inventory - Purchasing Summary Periodic Inventory - Purchases Periodic Inventory - Freight Costs Periodic Inventory - Purchase Discounts Periodic Inventory - Purchasing Summary Single-step Income Statement Multi-step Income Statement Physical Inventory Count, Ownership of Goods, and Consigned Goods Specific Identification Periodic Inventory - FIFO, LIFO, and Average Cost Perpetual Inventory - FIFO, LIFO, and Average Cost Financial Statement Effects of Inventory Costing Methods Lower of Cost or Market Inventory Errors Ratios: Gross Profit Rate Ratios: Inventory Turnover GAAP vs. IFRS: Introduction GAAP vs. IFRS: Inventory

Ch. 7 - PPE and Intangibles

Initial Cost of Long Lived Assets Basket (Lump-sum) Purchases Ordinary Repairs vs. Capital Improvements Depreciation: Straight Line Depreciation: Declining Balance Depreciation: Units-of-Activity Depreciation: Summary of Main Methods Depreciation for Partial Years Retirement of Plant Assets (No Proceeds) Sale of Plant Assets Change in Estimate: Depreciation Intangible Assets and Amortization Natural Resources and Depletion Asset Impairments Exchange for Similar Assets Ratios: Return on Assets (ROA) Ratios: DuPont Model for Return on Equity (ROE) GAAP vs. IFRS: Long Lived Assets

Ch. 8 - Investments and International Operations

Introduction to Investments in Securities Trading Securities Available-for-Sale (AFS) Securities Comprehensive Income Held-to-Maturity (HTM) Securities Equity Method

Ch. 9 - Liabilities

Types of Liabilities Notes Payable Payroll and Payroll Taxes Sales Tax Payable Current Portion of Long Term Debt Contingent Liabilities Estimated Liabilities: Warranties Introduction to Bonds and Bond Characteristics Face Value Bonds Discount on Bonds Premium on Bonds Straight Line Amortization of Bond Premium or Discount Effective Interest Amortization of Bond Premium or Discount Redeeming Bonds before Maturity Ratios: Accounts Payable Turnover Ratios: Days Payable Outstanding (DPO) Ratios: Times Interest Earned (TIE) GAAP vs. IFRS: Liabilities

Ch. 10 - Stockholders' Equity

Characteristics of a Corporation Shares Authorized, Issued, and Outstanding Issuing Par Value Stock Issuing No Par Value Stock Issuing Common Stock for Assets or Services Retained Earnings Retained Earnings: Prior Period Adjustments Preferred Stock Treasury Stock Dividends and Dividend Preferences Stock Dividends Stock Splits Ratios: Price-Earnings Ratio (PE Ratio) Ratios: Book Value per Share of Common Stock Ratios: DuPont Model for Return on Equity (ROE)

Ch. 11 - Cash Flows

Introduction to the Statement of Cash Flows Operating Activities: Indirect Method Operating Activities: Direct Method Investing Activities Financing Activities Significant Noncash Activities Ratios: Free Cash Flow GAAP vs. IFRS: Statement of Cash Flows

Ch. 12 - Financial Statement Analysis

Horizontal Analysis Vertical Analysis Common-sized Statements Trend Percentages Introduction to Ratios Ratios: Working Capital and the Current Ratio Ratios: Quick (Acid Test) Ratio Ratios: Inventory Turnover Ratios: Accounts Receivable (AR) Turnover Ratios: Average Collection Period (Days Sales Outstanding) Ratios: Accounts Payable Turnover Ratios: Debt to Asset Ratio Ratios: Times Interest Earned (TIE) Ratios: Gross Profit Rate Ratios: Return on Equity (ROE) Ratios: DuPont Model for Return on Equity (ROE) Ratios: Total Asset Turnover Ratios: Earnings Per Share (EPS) Ratios: Price-Earnings Ratio (PE Ratio) Ratios: Dividend Yield Ratio Ratios: Book Value per Share of Common Stock GAAP vs. IFRS: Analysis and Income Statement Presentation

Appendix: Time Value of Money

Time Value of Money Equations Using Time Value of Money Tables