Accounting Financial Accounting
Financial Accounting

Financial Accounting Weygandt • 9th Edition • 978-1118334324

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Ch. 1 - Accounting in Action

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

Ch. 2 - The Recording Process

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

Ch. 3 - Adjusting the Accounts

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

Ch. 4 - Completing the Accounting Cycle

Closing Entries Post-Closing Trial Balance Classified Balance Sheet Components

Ch. 5 - Accounting for 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

Ch. 6 - Inventories

Merchandising Company vs. Manufacturing Company 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 Inventory Errors

Ch. 7 - Fraud, Internal Control, and Cash

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

Ch. 8 - Accounting for Receivables

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 Introduction to Ratios Ratios: Accounts Receivable (AR) Turnover Ratios: Average Collection Period (Days Sales Outstanding)

Ch. 9 - Plant Assets, Natural Resources, and Intangible Assets

Initial Cost of Long Lived Assets 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 Intangible Assets and Amortization Natural Resources and Depletion Exchange for Similar Assets

Ch. 10 - Liabilities

Types of Liabilities Notes Payable Payroll and Payroll Taxes Sales Tax Payable Current Portion of Long Term Debt Introduction to Bonds and Bond Characteristics Face Value Bonds Discount on Bonds Premium on Bonds Redeeming Bonds before Maturity Ratios: Debt to Asset Ratio Ratios: Times Interest Earned (TIE) Time Value of Money Equations Using Time Value of Money Tables Straight Line Amortization of Bond Premium or Discount Effective Interest Amortization of Bond Premium or Discount

Ch. 11 - Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings

Characteristics of a Corporation Shares Authorized, Issued, and Outstanding Issuing Par Value Stock Issuing No Par Value Stock Retained Earnings Retained Earnings: Prior Period Adjustments Preferred Stock Treasury Stock Dividends and Dividend Preferences Stock Dividends Stock Splits Ratios: Return on Equity (ROE)

Ch. 12 - Investments

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

Ch. 13 - Statement of 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

Ch. 14 - Financial Statement Analysis

Horizontal Analysis Vertical Analysis Discontinued Operations and Extraordinary Items Introduction to Ratios Ratios: Working Capital and the Current Ratio Ratios: Quick (Acid Test) Ratio Ratios: Accounts Receivable (AR) Turnover Ratios: Average Collection Period (Days Sales Outstanding) Ratios: Inventory Turnover Ratios: Average Days in Inventory Ratios: Profit Margin Ratios: Total Asset Turnover Ratios: Return on Assets (ROA) Ratios: Return on Equity (ROE) Ratios: Earnings Per Share (EPS) Ratios: Price-Earnings Ratio (PE Ratio) Ratios: Payout Ratio Ratios: Debt to Asset Ratio Ratios: Times Interest Earned (TIE) Ratios: Quality of Earnings Ratio