Financial Accounting in an Economic Context, 9th Edition

Subject Index

A

Accelerated method, 369

Accountants, 23

Accounting, four types of, 25f

Accounting equation

Business transactions and the, 108–109

Financial statements and the, 108

Journal entries and, examples, 105, 113, 114

Accounting estimates, 564

Accounting for Contingies (FASB No. 5), 417

Accounting fraud, 86, 247

Accounting methods, mandated changes in, 558

Accounting standards setting, 27

Accounts

The accounting equation and, 105

Debiting/crediting, 113

Permanent vs temporary, 119

Accounts payable, 38, 409

Accounts payable turnover, 178

Accounts receivable

Bad debts, 179, 239

Balance sheet valuation of, 79–80, 247

Cash discounts, 237

Defined, 10

Importance of, 235

In international accounting, 250

In notes to financial statement, 10

Recording of, 230

Sales returns, 237, 245

Turnover, 251

User perspective, 230

Valuation base for, 230

Accrual accounting, 120,

Accruals, 120

Accrued interest, 121

Accrued loss contingencies, 419

Accrued wages, 121–122

Accumulated amortization, 37, 128

Accumulated comprehensive income, 498

Accumulated depreciation, 37, 127

Acquisitions

Business, 324

Of inventory, 270

Of long-lived assets, 383

Activity (units-of-production) method, 371

Actual interest rate. See Effective interest rate

Adjusting journal entries, 241

Affiliate (associate) companies, 321

Aggressive accounting, 638

Aging schedules, 245

AICPA (American Institute of Certified Public Accountants), 23

Allowance for doubtful accounts, 241

Allowance method of accounting for bad debt, 239 ...