Financial accounting a user perspective
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| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York [u.a.]
Wiley
1997
|
| Ausgabe: | 2. ed. |
| Schriftenreihe: | Wiley international edition
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
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| 100 | 1 | |a Hoskin, Robert E. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Financial accounting |b a user perspective |c Robert E. Hoskin |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a New York [u.a.] |b Wiley |c 1997 | |
| 300 | |a XIX, 919 S. |b Ill. , graph. Darst. + 1 Diskette |c 9 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Wiley international edition | |
| 650 | 7 | |a Accounting |2 gtt | |
| 650 | 4 | |a Accounting | |
| 650 | 0 | 7 | |a Finanzbuchhaltung |0 (DE-588)4113562-3 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Finanzbuchhaltung |0 (DE-588)4113562-3 |D s |
| 689 | 0 | |5 DE-604 | |
| 700 | 1 | |a Hughes, John S. |e Verfasser |4 aut | |
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| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-008242643 | |
Datensatz im Suchindex
| _version_ | 1819635641047056384 |
|---|---|
| adam_text | CONTENTS
Chapter 1 OVERVIEW OF CORPORATE FINANCIAL REPORTING 1^
Forms of Organization 3
Corporate Financial Statements and Annual Reports 4
Conceptual Framework 6
Financial Reporting Objectives 7
Qualitative Characteristics of Accounting Information 7
Business Activities 9
Financing Activities 10
Investing Activities 11
Operating Activities 11
General Electric Annual Report 11
Letter to the Share Owners 12
Business Profile 12
Board of Directors and Management 12
Financial Section 13
Transition 30
Chapter 2 BASIC ACCOUNTING SYSTEMS: RETAIL COMPANIES 57
Basic Accounting Equation 58
Transactions Analysis and Accounting Entries 58
Transactions Analysis—Startup Period 59
Transactions Analysis—Operating Period 64
Balance Sheet 79
Income Statement 80
Cash Flow Statement 80
Transition 83
Appendix 2A Alternative Approach 104
Basic Accounting Equation 104
Income and Cash Flow Equations 105
Income Equation 105
Cash Flow Equation 106
Other Flow Statements 107
Chapter 3 DUAL ENTRY ACCOUNTING SYSTEMS: MANUFACTURING COMPANIES 108
Double Entry Accounting Systems 108
Accounting Cycle 112
Demo Retail Company T Accounts 119
xiii
XIV CONTENTS
Basics of Manufacturing Accounting Systems 125
Manufacturing Costs 125
Inventory Accounts 125
Model Manufacturing Company 129
Transition 141
Chapter 4 REVENUE RECOGNITION 171
Performance Measurement 172
Cash to Cash Cycle 174
Cash 174
Acquisition of Raw Materials 174
Production 174
Selling Activity 175
Delivery of Product 175
Collection 175
Warranty Service 176
Summary of Cash to Cash Cycle 176
Revenue Recognition 176
Revenue Recognition Criteria 177
Revenue Recognition Methods 180
Comprehensive Income and Changes in Owners Equity 188
Transition 192
Chapter 5 CASH FLOW STATEMENT 210
Why Another Flow Statement? 211
Ajax Widget Company 211
Performance Evaluation 212
Solutions to the Cash Flow Problem 216
History of the Cash Flow Statement 219
Definition of Cash and Cash Equivalents 221
Components of Cash Flow 221
Required Disclosure 223
Preparation of the Cash Flow Statement 224
T account Worksheet 226
Cash Flow Worksheet: Direct Approach 226
Cash Flow Worksheet: Indirect (Reconciliation) Approach 235
Interpretation of Cash Flow Information 239
Analysis of the Cash Flow of General Electric 243
Transition 244
Chapter 6 STATEMENT FORMAT AND CONSOLIDATED STATEMENTS 272
Income Statement Format 273
Income from Continuing Operations 274
Income from Nonoperating Sources 277
CONTENTS XV
Income from Unusual or Infrequent Events 277
Taxes 280
Discontinued Operations 280
Extraordinary Items 283
Accounting Changes 284
Earnings Per Share 286
Balance Sheet Format 288
Cash Flow Statement Format 296
Consolidated Financial Statements and Intercorporate Investments 302
Purpose of Intercorporate Investments 302
Methods of Obtaining Influence and Control 305
Valuation Issues at Date of Acquisition 306
Income Recognition Issues Subsequent to Acquisition 310
Consolidated Statement Format and Analysis 314
Transition 316
Chapter 7 FINANCIAL STATEMENT ANALYSIS 339
Overview of Financial Statement Analysis 340
Understanding the Business 340
Reading the Financial Statements and Footnotes 341
Retrospective versus Prospective Analysis 341
Time Series versus Cross Sectional Analysis 342
Analysis Data 342
Ratios 350
Performance 350
Short term Liquidity 364
Long term Liquidity 365
Earnings Per Share 368
Price/Earnings Ratio 370
Statement Analysis Considerations for Consolidated Statement 370
Chapter 8 CASH, ACCOUNTS RECEIVABLE, AND MARKETABLE SECURITIES 403
Cash 404
Valuation Methods 404
WhatlsGAAP? 405
Other Issues 406
Statement Analysis Considerations 407
Marketable Securities 408
Valuation Methods 409
WhatlsGAAP? 409
Statement Analysis Considerations 420
Accounts Receivable 421
Valuation Methods 422
WhatlsGAAP? 422
Direct Write Off Method 423
XVi CONTENTS
Allowance Method 425
Factoring/Pledging of Accounts Receivable 429
General Electric Disclosures 431
Statement Analysis Considerations 432
Notes Receivable 433
Interest of Notes Receivable 434
Transition 436
Chapter 9 INVENTORY 472
Recognition Criteria 473
Valuation Criteria 473
Historical Cost 473
Market Value 474
What Is GAAP? 475
Inventory Systems 478
Perpetual Inventory Systems 480
Periodic Inventory Systems 480
Cost and Benefits of System Choice 481
Cost Flow Assumptions 482
First in, First out (FIFO) 483
Last in, First out (LIFO) 484
Weighted Average 485
Cost Flow Assumption Choice 486
Cost Flow Assumptions and Changing Prices 488
LIFO s Effects on Financial Statements 490
Year end Purchasing 490
LIFO Liquidations 491
Changing Cost Flow Assumptions 493
Statement Analysis Considerations 496
Inventory Turnover 499
Other Ratios 500
Transition 500
Chapter 10 NONCURRENT ASSETS 518
Recognition Criteria 519
Valuation Criteria 520
Historical Cost 520
Market Value 520
Net Present Value 521
What Is GAAP? 522
Depreciation Concepts 527
Depreciation Methods 528
Straight Line Method 531
Sum of the Years Digits Method 531
CONTENTS XVii
Declining Balance Method 532
Tax Methods: ACRS and MACRS 534
Deferred Taxes 538
Choice of Depreciation Method 540
Changes in Depreciation Estimates and Methods 540
Sale and Write Off of Property, Plant, and Equipment 540
Depletion 543
Long Term Investments 544
Intangible Assets 546
Research and Development 546
Advertising 546
Patents, Trademarks, and Copyrights 548
Goodwill 548
Statement Analysis Considerations 550
Transition 551
Chapter 11 LIABILITIES 571
Recognition Criteria for Liabilities 572
Valuation Criteria 573
Valuation Methods 573
What Is GAAP? 574
Current Liabilities 575
Accounts Payable 575
Wages and Other Payroll Payables 575
Short Term Notes and Interest Payable 576
Income Taxes Payable 576
Warranty Payable 576
Unearned Revenues 577
Current Portion of Long Term Debt 577
Commitments 578
Contingencies 579
Deferred Taxes 582
Deferral Method 583
Liability Method 587
Other Tax Disclosures 593
Transition 593
Chapter 12 LONG TERM LIABILITIES 626
Bonds 627
Basic Bond Characteristics 627
Public Bond Issues 629
Bond Pricing 629
Bond Markets 632
Bond Accounting 635
xviii contents
Leasing 645
Lessee Accounting 646
Lessor Accounting 650
Pensions 653
Defined Contribution Plans 653
Defined Benefit Plans 654
Other Postemployment Benefits 658
Statement Analysis Considerations 660
Transition 661
Appendix 12A: Derivative Financial Instruments 696
Chapter 13 OWNERS EQUITY 706
Composition of Owners Equity 707
Forms of Organizations 707
Advantages/Disadvantages of Different Forms of Organization 709
Corporations 710
Common Stock 712
Preferred Stock 713
Issuance of Common Stock 714
Treasury Stock 715
Dividends 718
Property Dividends 719
Stock Dividends 720
Stock Splits 723
Stock Options 724
Stock Appreciation Rights 726
Stock Rights and Warrants 726
Employee Stock Ownership Plans (ESOPS) 727
Conclusion 730
Appendix A GENERAL ELECTRIC ANNUAL REPORT, 1994 751^
Appendix B FASB ARTICLE 820
Appendix C ACCOUNTING FOR CHANGING PRICES 827
Income Measurement Under Changing Prices 828
Monetary Versus Nonmonetary Assets and Liabilities 830
Restated Statements Under Changing Prices 830
General Price Level Adjusted Statements 831
Current Cost Financial Statements 834
Inflation Disclosures 837
Appendix D ACCOUNTING FOR INTERNATIONAL OPERATIONS 838
Foreign Denominated Transactions 839
Purchase Transaction 840
CONTENTS XiX
Sale Transaction 841
Hedging Foreign Transaction 842
Investments in Foreign Subsidiaries 842
Appendix E TIME VALUE OF MONEY 844
Basic Concepts 844
Future Value 845
Compounding Periods 848
Present Value 849
Multiple Cash Flows 850
Annuities 850
Annuities in Arrears (Ordinary Annuities) 850
Annuities in Advance 853
Perpetuities 855
Internal Rates of Return 855
Appendix F RITE AID ANNUAL REPORT, 1995 869
|
| any_adam_object | 1 |
| author | Hoskin, Robert E. Hughes, John S. |
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| dewey-full | 657.48 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 657 - Accounting |
| dewey-raw | 657.48 |
| dewey-search | 657.48 |
| dewey-sort | 3657.48 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed. |
| format | Book |
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| id | DE-604.BV012167262 |
| illustrated | Illustrated |
| indexdate | 2024-12-23T14:57:26Z |
| institution | BVB |
| isbn | 0471141038 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-008242643 |
| oclc_num | 35121777 |
| open_access_boolean | |
| physical | XIX, 919 S. Ill. , graph. Darst. + 1 Diskette 9 cm |
| publishDate | 1997 |
| publishDateSearch | 1997 |
| publishDateSort | 1997 |
| publisher | Wiley |
| record_format | marc |
| series2 | Wiley international edition |
| spellingShingle | Hoskin, Robert E. Hughes, John S. Financial accounting a user perspective Accounting gtt Accounting Finanzbuchhaltung (DE-588)4113562-3 gnd |
| subject_GND | (DE-588)4113562-3 |
| title | Financial accounting a user perspective |
| title_auth | Financial accounting a user perspective |
| title_exact_search | Financial accounting a user perspective |
| title_full | Financial accounting a user perspective Robert E. Hoskin |
| title_fullStr | Financial accounting a user perspective Robert E. Hoskin |
| title_full_unstemmed | Financial accounting a user perspective Robert E. Hoskin |
| title_short | Financial accounting |
| title_sort | financial accounting a user perspective |
| title_sub | a user perspective |
| topic | Accounting gtt Accounting Finanzbuchhaltung (DE-588)4113562-3 gnd |
| topic_facet | Accounting Finanzbuchhaltung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008242643&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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