Survey of Accounting · 4th edition by Thomas P. Edmonds, et al. -- Read -- Imperial Library of Trantor

Index

Cover Title Copyright Contents Walkthrough Chapter 1 An Introduction to Accounting

Section 1: Collecting and Organizing Information

Role of Accounting in Society

Using Free Markets to Set Resource Priorities Accounting Provides Information Types of Accounting Information Nonbusiness Resource Usage Careers in Accounting Measurement Rules Reporting Entities

Using Free Markets to Set Resource Priorities Accounting Provides Information Types of Accounting Information Nonbusiness Resource Usage Careers in Accounting Measurement Rules Reporting Entities Elements of Financial Statements

Using Accounts to Gather Information Accounting Equation

Using Accounts to Gather Information Accounting Equation Recording Business Events under the Accounting Equation

Asset Source Transactions Asset Exchange Transactions Another Asset Source Transaction Asset Use Transactions Summary of Transactions

Asset Source Transactions Asset Exchange Transactions Another Asset Source Transaction Asset Use Transactions Summary of Transactions Interpreting Information Shown in the Accounting Equation

The Left versus the Right Side of the Accounting Equation Two Views of the Right Side of the Accounting Equation Cash and Retained Earnings Distributions in Business Liquidations

The Left versus the Right Side of the Accounting Equation Two Views of the Right Side of the Accounting Equation Cash and Retained Earnings Distributions in Business Liquidations Recap: Types of Transactions

Role of Accounting in Society

Using Free Markets to Set Resource Priorities Accounting Provides Information Types of Accounting Information Nonbusiness Resource Usage Careers in Accounting Measurement Rules Reporting Entities

Using Accounts to Gather Information Accounting Equation

Using Accounts to Gather Information Accounting Equation Recording Business Events under the Accounting Equation

Asset Source Transactions Asset Exchange Transactions Another Asset Source Transaction Asset Use Transactions Summary of Transactions

Asset Source Transactions Asset Exchange Transactions Another Asset Source Transaction Asset Use Transactions Summary of Transactions Interpreting Information Shown in the Accounting Equation

The Left versus the Right Side of the Accounting Equation Two Views of the Right Side of the Accounting Equation Cash and Retained Earnings Distributions in Business Liquidations

Preparing Financial Statements

Income Statement and the Matching Concept Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows The Closing Process

Income Statement and the Matching Concept Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows The Closing Process The Horizontal Financial Statements Model

Real-World Financial Reports Annual Report for Target Corporation Special Terms in Real-World Reports

Real-World Financial Reports Annual Report for Target Corporation Special Terms in Real-World Reports A Look Back A Look Forward Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Section 1 Exercises Section 2 Exercises Sections 1 and 2 Problems Analyze, Think, Communicate

Preparing Financial Statements

Income Statement and the Matching Concept Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows The Closing Process

Income Statement and the Matching Concept Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows The Closing Process The Horizontal Financial Statements Model

Real-World Financial Reports Annual Report for Target Corporation Special Terms in Real-World Reports

Section 1: Collecting and Organizing Information

Role of Accounting in Society

Using Free Markets to Set Resource Priorities Accounting Provides Information Types of Accounting Information Nonbusiness Resource Usage Careers in Accounting Measurement Rules Reporting Entities

Using Accounts to Gather Information Accounting Equation

Using Accounts to Gather Information Accounting Equation Recording Business Events under the Accounting Equation

Asset Source Transactions Asset Exchange Transactions Another Asset Source Transaction Asset Use Transactions Summary of Transactions

Asset Source Transactions Asset Exchange Transactions Another Asset Source Transaction Asset Use Transactions Summary of Transactions Interpreting Information Shown in the Accounting Equation

The Left versus the Right Side of the Accounting Equation Two Views of the Right Side of the Accounting Equation Cash and Retained Earnings Distributions in Business Liquidations

Role of Accounting in Society

Using Free Markets to Set Resource Priorities Accounting Provides Information Types of Accounting Information Nonbusiness Resource Usage Careers in Accounting Measurement Rules Reporting Entities

Using Accounts to Gather Information Accounting Equation

Using Accounts to Gather Information Accounting Equation Recording Business Events under the Accounting Equation

Asset Source Transactions Asset Exchange Transactions Another Asset Source Transaction Asset Use Transactions Summary of Transactions

Asset Source Transactions Asset Exchange Transactions Another Asset Source Transaction Asset Use Transactions Summary of Transactions Interpreting Information Shown in the Accounting Equation

The Left versus the Right Side of the Accounting Equation Two Views of the Right Side of the Accounting Equation Cash and Retained Earnings Distributions in Business Liquidations

Preparing Financial Statements

Income Statement and the Matching Concept Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows The Closing Process

Income Statement and the Matching Concept Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows The Closing Process The Horizontal Financial Statements Model

Real-World Financial Reports Annual Report for Target Corporation Special Terms in Real-World Reports

Preparing Financial Statements

Income Statement and the Matching Concept Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows The Closing Process

Income Statement and the Matching Concept Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows The Closing Process The Horizontal Financial Statements Model

Real-World Financial Reports Annual Report for Target Corporation Special Terms in Real-World Reports

Section 1: Accounting for Accruals

Accrual Accounting

Accounting for Accounts Receivable Other Events Accounting for Accrued Salary Expense (Adjusting Entry) Summary of Events and General Ledger Vertical Statements Model The Closing Process Steps in an Accounting Cycle The Matching Concept The Conservatism Principle

Accrual Accounting

Second Accounting Cycle

Accounting for Supplies Purchase Prepaid Items (Cost versus Expense) Accounting for Receipt of Unearned Revenue Other 2015 Events Adjusting Entries Accounting for Supplies (Adjusting Entry) Accounting for Prepaid Rent (Adjusting Entry) Accounting for Unearned Revenue (Adjusting Entry) Accounting for Accrued Salary Expense (Adjusting Entry) Summary of Events and General Ledger Vertical Statements Model Transaction Classification A Look Back A Look Forward Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Section 1 Exercises Section 2 Exercises Sections 1 and 2 Problems Analyze, Think, Communicate

Second Accounting Cycle

Section 1: Accounting for Accruals

Accrual Accounting

Second Accounting Cycle

Product Costs versus Selling and Administrative Costs Allocating Inventory Cost between Asset and Expense Accounts Perpetual Inventory System

Effects of 2014 Events on Financial Statements Financial Statements for 2014 Transportation Cost, Purchase Returns and Allowances, and Cash Discounts Related to Inventory Purchases Effects of 2015 Events on Financial Statements Accounting for Purchase Returns and Allowances Purchase Discounts The Cost of Financing Inventory Accounting for Transportation Costs Adjustment for Lost, Damaged, or Stolen Inventory

Multistep Income Statement

Multistep Income Statement Events Affecting Sales

Accounting for Sales Returns and Allowances Accounting for Sales Discounts

Accounting for Sales Returns and Allowances Accounting for Sales Discounts Common Size Financial Statements A Look Back A Look Forward Appendix Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Product Costs versus Selling and Administrative Costs Allocating Inventory Cost between Asset and Expense Accounts Perpetual Inventory System

Multistep Income Statement

Multistep Income Statement Events Affecting Sales

Accounting for Sales Returns and Allowances Accounting for Sales Discounts

Key Features of Internal Control Systems

Separation of Duties Quality of Employees Bonded Employees Required Absences Procedures Manual Authority and Responsibility Prenumbered Documents Physical Control Performance Evaluations Limitations

Separation of Duties Quality of Employees Bonded Employees Required Absences Procedures Manual Authority and Responsibility Prenumbered Documents Physical Control Performance Evaluations Limitations Accounting for Cash

Controlling Cash Checking Account Documents

Controlling Cash Checking Account Documents Reconciling the Bank Account

Determining True Cash Balance Illustrating a Bank Reconciliation

Determining True Cash Balance Illustrating a Bank Reconciliation Importance of Ethics

Common Features of Criminal and Ethical Misconduct

Common Features of Criminal and Ethical Misconduct Role of the Independent Auditor

The Financial Statement Audit Materiality and Financial Audits Types of Audit Opinions Confidentiality

The Financial Statement Audit Materiality and Financial Audits Types of Audit Opinions Confidentiality A Look Back A Look Forward Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Key Features of Internal Control Systems

Separation of Duties Quality of Employees Bonded Employees Required Absences Procedures Manual Authority and Responsibility Prenumbered Documents Physical Control Performance Evaluations Limitations

Controlling Cash Checking Account Documents

Controlling Cash Checking Account Documents Reconciling the Bank Account

Determining True Cash Balance Illustrating a Bank Reconciliation

Determining True Cash Balance Illustrating a Bank Reconciliation Importance of Ethics

Common Features of Criminal and Ethical Misconduct

Common Features of Criminal and Ethical Misconduct Role of the Independent Auditor

The Financial Statement Audit Materiality and Financial Audits Types of Audit Opinions Confidentiality

Allowance Method of Accounting for Uncollectible Accounts

Accounting Events Affecting the 2014 Period Accounting Events Affecting the 2015 Period

Accounting Events Affecting the 2014 Period Accounting Events Affecting the 2015 Period Estimating Uncollectible Accounts Expense Using the Percent of Revenue (Sales) Method

Analysis of Financial Statements

Analysis of Financial Statements Estimating Uncollectible Accounts Expense Using the Percent of Receivables Method

Matching Revenues and Expenses versus Asset Measurement

Matching Revenues and Expenses versus Asset Measurement Accounting for Notes Receivable (Promissory Notes)

How Accounting for Notes Receivable Affects Financial Statements Financial Statements

How Accounting for Notes Receivable Affects Financial Statements Financial Statements Accounting for Credit Card Sales Inventory Cost Flow Methods

Specific Identification First-In, First-Out (FIFO) Last-In, First-Out (LIFO) Weighted Average Physical Flow

Specific Identification First-In, First-Out (FIFO) Last-In, First-Out (LIFO) Weighted Average Physical Flow Effect of Cost Flow on Financial Statements

Effect on Income Statement Effect on Balance Sheet Multiple Layers with Multiple Quantities Allocating Cost of Goods Available for Sale Effect of Cost Flow on Financial Statements

Effect on Income Statement Effect on Balance Sheet Multiple Layers with Multiple Quantities Allocating Cost of Goods Available for Sale Effect of Cost Flow on Financial Statements A Look Back A Look Forward Self-Study Review Problem 1 Self-Study Review Problem 2 Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Allowance Method of Accounting for Uncollectible Accounts

Accounting Events Affecting the 2014 Period Accounting Events Affecting the 2015 Period

Accounting Events Affecting the 2014 Period Accounting Events Affecting the 2015 Period Estimating Uncollectible Accounts Expense Using the Percent of Revenue (Sales) Method

Analysis of Financial Statements

Analysis of Financial Statements Estimating Uncollectible Accounts Expense Using the Percent of Receivables Method

Matching Revenues and Expenses versus Asset Measurement

Matching Revenues and Expenses versus Asset Measurement Accounting for Notes Receivable (Promissory Notes)

How Accounting for Notes Receivable Affects Financial Statements Financial Statements

How Accounting for Notes Receivable Affects Financial Statements Financial Statements Accounting for Credit Card Sales Inventory Cost Flow Methods

Specific Identification First-In, First-Out (FIFO) Last-In, First-Out (LIFO) Weighted Average Physical Flow

Specific Identification First-In, First-Out (FIFO) Last-In, First-Out (LIFO) Weighted Average Physical Flow Effect of Cost Flow on Financial Statements

Effect on Income Statement Effect on Balance Sheet Multiple Layers with Multiple Quantities Allocating Cost of Goods Available for Sale Effect of Cost Flow on Financial Statements

Tangible versus Intangible Assets

Tangible Long-Term Assets Intangible Assets

Tangible Long-Term Assets Intangible Assets Determining the Cost of Long-Term Assets

Basket Purchase Allocation

Basket Purchase Allocation Methods of Recognizing Depreciation Expense

Dryden Enterprises Illustration Straight-Line Depreciation Financial Statements Double-Declining-Balance Depreciation Units-of-Production Depreciation Comparing the Depreciation Methods

Dryden Enterprises Illustration Straight-Line Depreciation Financial Statements Double-Declining-Balance Depreciation Units-of-Production Depreciation Comparing the Depreciation Methods Revision of Estimates

Revision of Life Revision of Salvage

Revision of Life Revision of Salvage Continuing Expenditures for Plant Assets

Costs That Are Expensed Costs That Are Capitalized

Costs That Are Expensed Costs That Are Capitalized Natural Resources Intangible Assets

Trademarks Patents Copyrights Franchises Goodwill

Trademarks Patents Copyrights Franchises Goodwill Expense Recognition for Intangible Assets

Expensing Intangible Assets with Identifiable Useful Lives Impairment Losses for Intangible Assets with Indefinite Useful Lives

Expensing Intangible Assets with Identifiable Useful Lives Impairment Losses for Intangible Assets with Indefinite Useful Lives Balance Sheet Presentation Effect of Judgment and Estimation Effect of Industry Characteristics A Look Back A Look Forward Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Tangible versus Intangible Assets

Tangible Long-Term Assets Intangible Assets

Tangible Long-Term Assets Intangible Assets Determining the Cost of Long-Term Assets

Basket Purchase Allocation

Basket Purchase Allocation Methods of Recognizing Depreciation Expense

Dryden Enterprises Illustration Straight-Line Depreciation Financial Statements Double-Declining-Balance Depreciation Units-of-Production Depreciation Comparing the Depreciation Methods

Revision of Life Revision of Salvage

Revision of Life Revision of Salvage Continuing Expenditures for Plant Assets

Costs That Are Expensed Costs That Are Capitalized

Costs That Are Expensed Costs That Are Capitalized Natural Resources Intangible Assets

Trademarks Patents Copyrights Franchises Goodwill

Trademarks Patents Copyrights Franchises Goodwill Expense Recognition for Intangible Assets

Expensing Intangible Assets with Identifiable Useful Lives Impairment Losses for Intangible Assets with Indefinite Useful Lives

Accounting for Current Liabilities

Accounting for Notes Payable Accounting for Sales Tax Contingent Liabilities Warranty Obligations Financial Statements

Accounting for Notes Payable Accounting for Sales Tax Contingent Liabilities Warranty Obligations Financial Statements Accounting for Long-Term Debt

Installment Notes Payable Line of Credit Bond Liabilities Bonds Issued at Face Value

Installment Notes Payable Line of Credit Bond Liabilities Bonds Issued at Face Value Amortization Using the Straight-Line Method

Bonds Issued at a Discount Bonds Issued at a Premium

Bonds Issued at a Discount Bonds Issued at a Premium Security for Loan Agreements Current versus Noncurrent A Look Back A Look Forward Appendix Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Accounting for Current Liabilities

Accounting for Notes Payable Accounting for Sales Tax Contingent Liabilities Warranty Obligations Financial Statements

Accounting for Notes Payable Accounting for Sales Tax Contingent Liabilities Warranty Obligations Financial Statements Accounting for Long-Term Debt

Installment Notes Payable Line of Credit Bond Liabilities Bonds Issued at Face Value

Installment Notes Payable Line of Credit Bond Liabilities Bonds Issued at Face Value Amortization Using the Straight-Line Method

Bonds Issued at a Discount Bonds Issued at a Premium

Forms of Business Organizations Advantages and Disadvantages of Different Forms of Business Organization

Regulation Double Taxation Limited Liability Continuity Transferability of Ownership Management Structure Ability to Raise Capital

Regulation Double Taxation Limited Liability Continuity Transferability of Ownership Management Structure Ability to Raise Capital Appearance of Capital Structure in Financial Statements

Presentation of Equity in Proprietorships Presentation of Equity in Partnerships Presentation of Equity in Corporations

Presentation of Equity in Proprietorships Presentation of Equity in Partnerships Presentation of Equity in Corporations Characteristics of Capital Stock

Par Value Stated Value Other Valuation Terminology Stock: Authorized, Issued, and Outstanding Classes of Stock

Par Value Stated Value Other Valuation Terminology Stock: Authorized, Issued, and Outstanding Classes of Stock Accounting for Stock Transactions on the Day of Issue

Issuing Par Value Stock Stock Classification Stock Issued at Stated Value Stock Issued with No Par Value Financial Statement Presentation

Issuing Par Value Stock Stock Classification Stock Issued at Stated Value Stock Issued with No Par Value Financial Statement Presentation Stockholders' Equity Transactions after the Day of Issue

Treasury Stock Cash Dividend Stock Dividend Stock Split Appropriation of Retained Earnings

Treasury Stock Cash Dividend Stock Dividend Stock Split Appropriation of Retained Earnings Financial Statement Presentation Investing in Capital Stock

Receiving Dividends Increasing the Price of Stock Exercising Control through Stock Ownership

Receiving Dividends Increasing the Price of Stock Exercising Control through Stock Ownership A Look Back A Look Forward Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Forms of Business Organizations Advantages and Disadvantages of Different Forms of Business Organization

Regulation Double Taxation Limited Liability Continuity Transferability of Ownership Management Structure Ability to Raise Capital

Regulation Double Taxation Limited Liability Continuity Transferability of Ownership Management Structure Ability to Raise Capital Appearance of Capital Structure in Financial Statements

Presentation of Equity in Proprietorships Presentation of Equity in Partnerships Presentation of Equity in Corporations

Presentation of Equity in Proprietorships Presentation of Equity in Partnerships Presentation of Equity in Corporations Characteristics of Capital Stock

Par Value Stated Value Other Valuation Terminology Stock: Authorized, Issued, and Outstanding Classes of Stock

Par Value Stated Value Other Valuation Terminology Stock: Authorized, Issued, and Outstanding Classes of Stock Accounting for Stock Transactions on the Day of Issue

Issuing Par Value Stock Stock Classification Stock Issued at Stated Value Stock Issued with No Par Value Financial Statement Presentation

Issuing Par Value Stock Stock Classification Stock Issued at Stated Value Stock Issued with No Par Value Financial Statement Presentation Stockholders' Equity Transactions after the Day of Issue

Treasury Stock Cash Dividend Stock Dividend Stock Split Appropriation of Retained Earnings

Treasury Stock Cash Dividend Stock Dividend Stock Split Appropriation of Retained Earnings Financial Statement Presentation Investing in Capital Stock

Receiving Dividends Increasing the Price of Stock Exercising Control through Stock Ownership

Factors in Communicating Useful Information

The Users The Types of Decisions Information Analysis

The Users The Types of Decisions Information Analysis Methods of Analysis

Horizontal Analysis Vertical Analysis

Horizontal Analysis Vertical Analysis Ratio Analysis

Objectives of Ratio Analysis

Objectives of Ratio Analysis Measures of Debt-Paying Ability

Liquidity Ratios Solvency Ratios

Liquidity Ratios Solvency Ratios Measures of Profitability

Measures of Managerial Effectiveness Stock Market Ratios

Measures of Managerial Effectiveness Stock Market Ratios Limitations of Financial Statement Analysis

Different Industries Changing Economic Environment Accounting Principles

Different Industries Changing Economic Environment Accounting Principles A Look Back A Look Forward Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Factors in Communicating Useful Information

The Users The Types of Decisions Information Analysis

The Users The Types of Decisions Information Analysis Methods of Analysis

Horizontal Analysis Vertical Analysis

Horizontal Analysis Vertical Analysis Ratio Analysis

Objectives of Ratio Analysis

Objectives of Ratio Analysis Measures of Debt-Paying Ability

Liquidity Ratios Solvency Ratios

Liquidity Ratios Solvency Ratios Measures of Profitability

Measures of Managerial Effectiveness Stock Market Ratios

Measures of Managerial Effectiveness Stock Market Ratios Limitations of Financial Statement Analysis

Different Industries Changing Economic Environment Accounting Principles

Differences between Managerial and Financial Accounting

Users and Types of Information Level of Aggregation Regulation Information Characteristics Time Horizon and Reporting Frequency

Users and Types of Information Level of Aggregation Regulation Information Characteristics Time Horizon and Reporting Frequency Product Costing in Manufacturing Companies

Components of Product Cost Tabor Manufacturing Company Average Cost per Unit Costs Can Be Assets or Expenses Effect of Product Costs on Financial Statements Overhead Costs: A Closer Look Manufacturing Product Cost Summary

Upstream and Downstream Costs Product Costing in Service and Merchandising Companies

Upstream and Downstream Costs Product Costing in Service and Merchandising Companies Just-in-Time Inventory

Just-in-Time Illustration

Just-in-Time Illustration Statement of Ethical Professional Practice A Look Back A Look Forward Appendix Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Differences between Managerial and Financial Accounting

Users and Types of Information Level of Aggregation Regulation Information Characteristics Time Horizon and Reporting Frequency

Users and Types of Information Level of Aggregation Regulation Information Characteristics Time Horizon and Reporting Frequency Product Costing in Manufacturing Companies

Upstream and Downstream Costs Product Costing in Service and Merchandising Companies

Upstream and Downstream Costs Product Costing in Service and Merchandising Companies Just-in-Time Inventory

Just-in-Time Illustration

Fixed Cost Behavior Operating Leverage

Calculating Percentage Change Risk and Reward Assessment

Calculating Percentage Change Risk and Reward Assessment Variable Cost Behavior

Risk and Reward Assessment

Risk and Reward Assessment An Income Statement under the Contribution Margin Approach Measuring Operating Leverage Using Contribution Margin Cost Behavior Summarized

Mixed Costs (Semivariable Costs) The Relevant Range

Mixed Costs (Semivariable Costs) The Relevant Range Context-Sensitive Definitions of Fixed and Variable

Determining the Break-Even Point

Determining the Break-Even Point Equation Method Contribution Margin per Unit Method Determining the Sales Volume Necessary to Reach a Desired Profit

Calculating the Margin of Safety

Calculating the Margin of Safety A Look Back A Look Forward Self-Study Review Problem 1 Self-Study Review Problem 2 Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Fixed Cost Behavior Operating Leverage

Calculating Percentage Change Risk and Reward Assessment

Calculating Percentage Change Risk and Reward Assessment Variable Cost Behavior

Risk and Reward Assessment

Risk and Reward Assessment An Income Statement under the Contribution Margin Approach Measuring Operating Leverage Using Contribution Margin Cost Behavior Summarized

Mixed Costs (Semivariable Costs) The Relevant Range

Mixed Costs (Semivariable Costs) The Relevant Range Context-Sensitive Definitions of Fixed and Variable

Determining the Break-Even Point

Determining the Break-Even Point Equation Method Contribution Margin per Unit Method Determining the Sales Volume Necessary to Reach a Desired Profit

Calculating the Margin of Safety

Determine the Cost of Cost Objects

Estimated versus Actual Cost Assignment of Costs to Objects in a Retail Business Identifying Direct and Indirect Costs Cost Classifications—Independent and Context Sensitive

Estimated versus Actual Cost Assignment of Costs to Objects in a Retail Business Identifying Direct and Indirect Costs Cost Classifications—Independent and Context Sensitive Allocating Indirect Costs to Objects

Determining the Cost to Be Allocated Using Cost Pools

Determining the Cost to Be Allocated Using Cost Pools Selecting the Cost Driver

Cause and Effect versus Availability of Information Behavioral Implications Cost Drivers for Variable Overhead Costs Cost Drivers for Fixed Overhead Costs

Cause and Effect versus Availability of Information Behavioral Implications Cost Drivers for Variable Overhead Costs Cost Drivers for Fixed Overhead Costs The Human Factor: A Comprehensive Example

Using Cost Allocations in a Budgeting Decision Using Cost Drivers to Make Allocations Choosing the Best Cost Driver Controlling Emotions

Using Cost Allocations in a Budgeting Decision Using Cost Drivers to Make Allocations Choosing the Best Cost Driver Controlling Emotions A Look Back A Look Forward Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Determine the Cost of Cost Objects

Estimated versus Actual Cost Assignment of Costs to Objects in a Retail Business Identifying Direct and Indirect Costs Cost Classifications—Independent and Context Sensitive

Determining the Cost to Be Allocated Using Cost Pools

Determining the Cost to Be Allocated Using Cost Pools Selecting the Cost Driver

Cause and Effect versus Availability of Information Behavioral Implications Cost Drivers for Variable Overhead Costs Cost Drivers for Fixed Overhead Costs

Cause and Effect versus Availability of Information Behavioral Implications Cost Drivers for Variable Overhead Costs Cost Drivers for Fixed Overhead Costs The Human Factor: A Comprehensive Example

Using Cost Allocations in a Budgeting Decision Using Cost Drivers to Make Allocations Choosing the Best Cost Driver Controlling Emotions

Relevant Information

Sunk Cost Opportunity Costs Relevance Is an Independent Concept Relevance Is Context Sensitive Relationship between Relevance and Accuracy Quantitative versus Qualitative Characteristics of Decision Making Differential Revenue and Avoidable Cost Relationship of Cost Avoidance to a Cost Hierarchy

Special Order Decisions Outsourcing Decisions Segment Elimination Decisions Summary of Relationships between Avoidable Costs and the Hierarchy of Business Activity Equipment Replacement Decisions

Special Order Decisions Outsourcing Decisions Segment Elimination Decisions Summary of Relationships between Avoidable Costs and the Hierarchy of Business Activity Equipment Replacement Decisions A Look Back A Look Forward Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Relevant Information

Special Order Decisions Outsourcing Decisions Segment Elimination Decisions Summary of Relationships between Avoidable Costs and the Hierarchy of Business Activity Equipment Replacement Decisions

The Planning Process

Three Levels of Planning for Business Activity Advantages of Budgeting Budgeting and Human Behavior The Master Budget

Three Levels of Planning for Business Activity Advantages of Budgeting Budgeting and Human Behavior The Master Budget Hampton Hams Budgeting Illustration

Sales Budget Inventory Purchases Budget Selling and Administrative Expense Budget Cash Budget

Sales Budget Inventory Purchases Budget Selling and Administrative Expense Budget Cash Budget Pro Forma Financial Statements

Pro Forma Income Statement Pro Forma Balance Sheet Pro Forma Statement of Cash Flows

Pro Forma Income Statement Pro Forma Balance Sheet Pro Forma Statement of Cash Flows A Look Back A Look Forward Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

The Planning Process

Three Levels of Planning for Business Activity Advantages of Budgeting Budgeting and Human Behavior The Master Budget

Three Levels of Planning for Business Activity Advantages of Budgeting Budgeting and Human Behavior The Master Budget Hampton Hams Budgeting Illustration

Sales Budget Inventory Purchases Budget Selling and Administrative Expense Budget Cash Budget

Sales Budget Inventory Purchases Budget Selling and Administrative Expense Budget Cash Budget Pro Forma Financial Statements

Pro Forma Income Statement Pro Forma Balance Sheet Pro Forma Statement of Cash Flows

Decentralization Concept

Responsibility Centers Controllability Concept

Responsibility Centers Controllability Concept Preparing Flexible Budgets Determining Variances for Performance Evaluation Sales and Variable Cost Volume Variances

Interpreting the Sales and Variable Cost Volume Variances Fixed Cost Considerations

Interpreting the Sales and Variable Cost Volume Variances Fixed Cost Considerations Flexible Budget Variances

Calculating the Sales Price Variance The Human Element Associated with Flexible Budget Variances Need for Standards

Calculating the Sales Price Variance The Human Element Associated with Flexible Budget Variances Need for Standards Managerial Performance Measurement Return on Investment

Qualitative Considerations Factors Affecting Return on Investment

Qualitative Considerations Factors Affecting Return on Investment Residual Income

Calculating Multiple ROIs and/or RIs for the Same Company Responsibility Accounting and the Balanced Scorecard

Calculating Multiple ROIs and/or RIs for the Same Company Responsibility Accounting and the Balanced Scorecard A Look Back A Look Forward Self-Study Review Problem 1 Self-Study Review Problem 2 Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate

Decentralization Concept

Responsibility Centers Controllability Concept

Responsibility Centers Controllability Concept Preparing Flexible Budgets Determining Variances for Performance Evaluation Sales and Variable Cost Volume Variances

Interpreting the Sales and Variable Cost Volume Variances Fixed Cost Considerations

Interpreting the Sales and Variable Cost Volume Variances Fixed Cost Considerations Flexible Budget Variances

Calculating the Sales Price Variance The Human Element Associated with Flexible Budget Variances Need for Standards

Calculating the Sales Price Variance The Human Element Associated with Flexible Budget Variances Need for Standards Managerial Performance Measurement Return on Investment

Qualitative Considerations Factors Affecting Return on Investment

Qualitative Considerations Factors Affecting Return on Investment Residual Income

Calculating Multiple ROIs and/or RIs for the Same Company Responsibility Accounting and the Balanced Scorecard

Capital Investment Decisions

Time Value of Money Determining the Minimum Rate of Return Converting Future Cash Inflows to Their Equivalent Present Values

Time Value of Money Determining the Minimum Rate of Return Converting Future Cash Inflows to Their Equivalent Present Values Techniques for Analyzing Capital Investment Proposals

Net Present Value Internal Rate of Return

Net Present Value Internal Rate of Return Techniques for Measuring Investment Cash Flows

Cash Inflows Cash Outflows

Cash Inflows Cash Outflows Techniques for Comparing Alternative Capital Investment Opportunities

Net Present Value Internal Rate of Return Relevance and the Time Value of Money Tax Considerations

Net Present Value Internal Rate of Return Relevance and the Time Value of Money Tax Considerations Techniques that Ignore the Time Value of Money

Payback Method Unadjusted Rate of Return

Capital Investment Decisions

Time Value of Money Determining the Minimum Rate of Return Converting Future Cash Inflows to Their Equivalent Present Values

Time Value of Money Determining the Minimum Rate of Return Converting Future Cash Inflows to Their Equivalent Present Values Techniques for Analyzing Capital Investment Proposals

Net Present Value Internal Rate of Return

Net Present Value Internal Rate of Return Techniques for Measuring Investment Cash Flows

Cash Inflows Cash Outflows

Cash Inflows Cash Outflows Techniques for Comparing Alternative Capital Investment Opportunities

Net Present Value Internal Rate of Return Relevance and the Time Value of Money Tax Considerations

Net Present Value Internal Rate of Return Relevance and the Time Value of Money Tax Considerations Techniques that Ignore the Time Value of Money

Payback Method Unadjusted Rate of Return

Payback Method Unadjusted Rate of Return Real-World Reporting Practices Postaudits A Look Back Appendix Self-Study Review Problem Key Terms Questions Multiple-Choice Questions Exercises Problems Analyze, Think, Communicate Appendix A: Accessing the EDGAR Database through the Internet Appendix B: The Double-Entry Accounting System Glossary

A B C D E F G H I J L M N O P Q R S T U V W

A B C D E F G H I J L M N O P Q R S T U V W Photo Credits Index

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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