Financial Accounting: IFRS, 3rd Edition

Table of contents

1. Chapter 1: Accounting in Action
   1. Knowing the Numbers
   2. What Is Accounting?
   3. The Building Blocks of Accounting
   4. The Basic Accounting Equation2
   5. Using the Accounting Equation
   6. Financial Statements
   7. APPENDIX 1A: Accounting Career Opportunities
   8. A Look at U.S. GAAP
2. Chapter 2: The Recording Process
   1. Accidents Happen
   2. The Account
   3. Steps in the Recording Process
   4. The Trial Balance
   5. A Look at U.S. GAAP
3. Chapter 3: Adjusting the Accounts
   1. What Was Your Profit?
   2. Timing Issues
   3. The Basics of Adjusting Entries
   4. The Adjusted Trial Balance and Financial Statements
   5. APPENDIX 3A: Alternative Treatment of Prepaid Expenses and Unearned Revenues
   6. APPENDIX 3B: Concepts in Action
   7. A Look at U.S. GAAP
4. Chapter 4: Completing the Accounting Cycle
   1. Speaking the Same Language
   2. Using a Worksheet
   3. Closing the Books
   4. Summary of the Accounting Cycle
   5. The Classified Statement of Financial Position
   6. APPENDIX 4A: Reversing Entries
   7. A Look at U.S. GAAP
5. Chapter 5: Accounting for Merchandising Operations
   1. Who Doesn’t Shop?
   2. Merchandising Operations
   3. Recording Purchases of Merchandise
   4. Recording Sales of Merchandise
   5. Completing the Accounting Cycle
   6. Forms of Financial Statements
   7. APPENDIX 5A: Worksheet for a Merchandising Company
   8. APPENDIX 5B: Periodic Inventory System
   9. A Look at U.S. GAAP
6. Chapter 6: Inventories
   1. “Where Is That Spare Bulldozer Blade?”
   2. Classifying Inventory
   3. Determining Inventory Quantities
   4. Inventory Costing
   5. Inventory Errors
   6. Statement Presentation and Analysis
   7. APPENDIX 6A: Inventory Cost Flow Methods in Perpetual Inventory Systems
   8. APPENDIX 6B: Estimating Inventories
   9. APPENDIX 6C: LIFO Inventory Method
   10. A Look at U.S. GAAP
7. Chapter 7: Fraud, Internal Control, and Cash
   1. Minding the Money at Nick’s
   2. Cash Controls
   3. Control Features: Use of a Bank
   4. Reporting Cash
   5. A Look at U.S. GAAP
8. Chapter 8: Accounting for Receivables
   1. Are You Going to Pay Me—or Not?
   2. Types of Receivables
   3. Accounts Receivable
   4. Notes Receivable
   5. Statement Presentation and Analysis
   6. A Look at U.S. GAAP
9. Chapter 9: Plant Assets, Natural Resources, and Intangible Assets
   1. How Much for a Ride to the Beach?
   2. Plant Assets
   3. Extractable Natural Resources
   4. Intangible Assets
   5. Statement Presentation and Analysis
   6. APPENDIX 9A: Exchange of Plant Assets
   7. A Look at U.S. GAAP
10. Chapter 10: Liabilities
    1. Financing His Dreams
    2. Current Liabilities
    3. Non-Current Liabilities
    4. APPENDIX 10A: Effective-Interest Method of Bond Amortization
    5. APPENDIX 10B: Straight-Line Amortization
    6. APPENDIX 10C: Employee-Related Liabilities
    7. A Look at U.S. GAAP
11. Chapter 11: Corporations: Organization, Share Transactions, Dividends, and Retained Earnings
    1. To the Victor Go the Spoils
    2. The Corporate Form of Organization
    3. Accounting for Share Transactions
    4. Dividends
    5. Retained Earnings
    6. Statement Presentation and Analysis
    7. APPENDIX 11A: Statement of Changes in Equity
    8. APPENDIX 11B: Book Value—Another per Share Amount
    9. A Look at U.S. GAAP
12. Chapter 12: Investments
    1. Playing for Fun and Profit
    2. Why Corporations Invest
    3. Accounting for Share Investments
    4. Valuing and Reporting Investments
    5. APPENDIX 12A: Preparing Consolidated Financial Statements
    6. A Look at U.S. GAAP
13. Chapter 13: Statement of Cash Flows
    1. What Should We Do with This Cash?
    2. Statement of Cash Flows: Usefulness and Format
    3. Preparing the Statement of Cash Flows—Indirect Method
    4. Using Cash Flows to Evaluate a Company
    5. APPENDIX 13A: Statement of Cash Flows—Direct Method
    6. APPENDIX 13B: Using a Worksheet to Prepare the Statement of Cash Flows—Indirect Method
    7. APPENDIX 13C: Statement of Cash Flows—T-Account Approach
    8. A Look at U.S. GAAP
14. Chapter 14: Financial Statement Analysis
    1. Making Money the Old-Fashioned Way
    2. Basics of Financial Statement Analysis
    3. Horizontal Analysis
    4. Vertical Analysis
    5. Ratio Analysis
    6. Earning Power and Unusual Items
    7. Quality of Earnings
    8. A Look at U.S. GAAP
15. Appendix A: Specimen Financial Statements: TSMC, Ltd. A-1
16. Appendix B: Specimen Financial Statements: Nestlé SA B-1
17. Appendix C: Specimen Financial Statements: Petra Foods Limited C-1
18. Appendix D: Specimen Financial Statements: Apple Inc. D-1
19. Appendix E: Time Value of Money E-1
    1. Nature of Interest E-1
    2. Future Value Concepts E-3
    3. Present Value Concepts E-7
    4. Using Financial Calculators E-16
20. Appendix F: Accounting for Partnerships F-1
    1. Partnership Form of Organization F-1
    2. Basic Partnership Accounting F-4
    3. Liquidation of a Partnership F-10
21. Appendix G: Subsidiary Ledgers and Special Journals G-1 (available at www.wiley.com/college/weygandt)
    1. Expanding the Ledger—Subsidiary Ledgers G-1
    2. Expanding the Journal—Special Journals G-3
22. Appendix H: Other Significant Liabilities H-1 (available at www.wiley.com/college/weygandt)
    1. Provisions and Contingent Liabilities H-1
    2. Lease Liabilities H-3
    3. Additional Liabilities for Employee Fringe Benefits H-5
23. Appendix I: Payroll Accounting I-1 (available at www.wiley.com/college/weygandt)
    1. Accounting for Payroll I-1
    2. Employer Payroll Taxes I-8
    3. Internal Control for Payroll I-10