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Accounting Financial and Managerial Accounting
Financial and Managerial Accounting

Financial and Managerial Accounting Wild • 7th Edition •

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Ch. 1 - Accounting in Business

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

Ch. 2 - Accounting for 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 - Adjusting Accounts for Financial Statements

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 - 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 Single-step Income Statement Multi-step Income Statement

Ch. 5 - Inventories and Cost of Sales

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

Ch. 6 - Cash, Fraud, and Internal Controls

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. 7 - 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

Ch. 8 - Accounting for Long-Term 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

Ch. 9 - Accounting for Current Liabilities

Types of Liabilities Notes Payable Payroll and Payroll Taxes Sales Tax Payable Current Portion of Long Term Debt Contingent Liabilities Estimated Liabilities: Warranties

Ch. 10 - Accounting for Long-Term Liabilities

Introduction to Bonds and Bond Characteristics Face Value Bonds Discount on Bonds Premium on Bonds Redeeming Bonds before Maturity

Ch. 11 - Corporate Reporting and Analysis

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

Ch. 12 - 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

Ch. 13 - Analysis of Financial Statements

Horizontal Analysis Vertical Analysis Introduction to Ratios