@Kimmel Accounting 3e, helps students hit the road with a practical set of tools, and the confidence they need to use those tools effectively in making business decisions. The goal is to introduce a new Principles of Accounting text that better reflects a more conceptual and decision-making approach to the material.
The authors have taken a new ”macro- to micro-” approach to the Principles of Accounting course by starting with a discussion of real financial statements first, rather than starting with the Accounting Cycle (although the Accounting Cycle is thoroughly covered in Chapters 3 and 4). The objective is to establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. They motivate students by grounding the discussion in the real world, showing them the relevance of the topics covered to their future career.
目 錄
Introduction to Financial Statements.
Forms of Business Organization 4
Users and Uses of Financial Information.
Business Activities.
Communicating with Users.
A Quick Look at Tootsie Roll’s Financial Statements.
2. A Further Look at Financial Statements.
The Classified Balance Sheet.
Using the Financial Statements.
Financial Reporting Concepts.
3. The Accounting Information System.
The Accounting Information System.
Accounting Transactions.
The Account.
Steps in the Recording Process.
The Recording Process Illustrated.
The Trial Balance.
4. Accrual Accounting Concepts.
Timing Issues.
The Basics of Adjusting Entries.
The Adjusted Trial Balance and Financial
Statements.
Closing the Books.
Quality of Earnings.
Appendix. Adjusting Entries in an Automat.
5. Merchandising Operations and the Multiple-Step Income Statement.
Merchandising Operations.
Recording Purchases of Merchandise.
Recording Sales of Merchandise.
Income Statement Presentation.
Evaluating Profitability.
Appendix. Periodic Inventory System.
6. Reporting and Analyzing Inventory.
Classifying Inventory 276
Determining Inventory Quantities.
Inventory Costing.
Analysis of Inventory.
Appendix 6A. Inventory Cost Flow Methods in Perpetual Inventory Systems.
Appendix 6B. Inventory Errors.
7. Internal Control and Cash.
Fraud and Internal Control.
Cash Controls.
Control Features: Use of a Bank.
Reporting Cash.
Managing and Monitoring Cash.
Appendix. Operation of the Petty Cash Fund.
8. Reporting and Analyzing Receivables.
Types of Receivables.
Accounts Receivable.
Financial Statement Presentationof Receivables.
Managing Receivables.
Notes Receivable.
9. Reporting and Analyzing Long-Lived Assets.
Section One. Plant Assets.
Determining the Cost of Plant Assets.
Accounting for Plant Assets.
Analyzing Plant Assets.
Section Two. Intangible Assets.
Accounting for Intangible Assets.
Types of Intangible Assets.
Financial Statement Presentation of Long-Lived Assets.
Appendix. Calculation of Depreciation Using Other Methods.
10. Reporting and Analyzing Liabilities.
Reporting and Analyzing Liabilities.
Current Liabilities.
Bonds: Long-Term Liabilities.
Accounting for Bond Issues.
Accounting for Bond Retirements.
Financial Statement Presentation and Analysis.
Appendix 10A. Straight-Line.
Appendix 10B. Effective-Interest.
Appendix 10C. Accounting for Long-Term.
Notes Payable.
11. Reporting and Analyzing Stockholders’ Equity.
The Corporate Form of Organization.
Stock Issue Considerations.
Accounting for Treasury Stock.
Preferred Stock.
Retained Earnings.
Financial Statement Presentation of Stockholders’ Equity.
Measuring Corporate Performance.
Appendix. Entries for Stock Dividends.
12. Statement of Cash Flows.
The Statement of Cash Flows: Usefulness and Format.
Preparation of the Statement of Cash Flows—Indirect Method.
Using Cash Flows to Evaluate a Company.
Appendix. Statement of Cash Flows—Direct Method.
13. Performance Measurement.
Sustainable Income.
Comparative Analysis.
Ratio Analysis.
Quality of Earnings.
Appendix. Comprehensive Illustration of Ratio Analysis.
14. Managerial Accounting.
Managerial Accounting Basics.
Managerial Cost Concepts.
Manufacturing Costs in Financial Statements.
Managerial Accounting Today.
Appendix. Accounting Cycle for a Manufacturing Company.
15. Job Order Costing.
Cost Accounting Systems.
Job Order Cost Flow.
Reporting Job Cost Data.
16. Process Costing.
The Nature of Process Cost Systems.
Equivalent Units.
Comprehensive Example of Process Costing.
Costing Systems—Final Comments.
Appendix. FIFO Method.
17. Activity-Based Costing.
Traditional Costing and Activity-Based Costing.
Example of Traditional Costing versus ABC.
Activity-Based Costing: A Closer Look.
Activity-Based Costing in Service Industries.
Appendix. Just-in-Time Processing.
19. Variable Costing: A Decision-Making Perspective.
Cost-Volume-Profit (CVP) Review.
Sales Mix.
Cost Structure and Operating Leverage.
20. Budgetary Planning.
Budgeting Basics.
Preparing the Operating Budgets.
Preparing the Financial Budgets.
Budgeting in Nonmanufacturing Companies.
21. Budgetary Control and Responsibility Accounting.
The Concept of Budgetary Control.
Static Budget Reports.
Flexible Budgets.
The Concept of Responsibility Accounting.
Types of Responsibility Centers.
Appendix. Residual Income—Another Performance Measurement.
22. Standard Costs and Balanced Scorecard.
The Need for Standards.
Setting Standard Costs—A Difficult Task.
Analyzing and Reporting Variances from Standards.
Balanced Scorecard.
Appendix 22A. The Standard Cost Accounting System.
Appendix 22B. A Closer Look at Overhead Variance.
23. Incremental Analysis and Capital Budgeting.
Section one. Incremental Analysis.
Management’s Decision-Making Process.
Appendix A: Specimen FinancialStatements: Tootsie Roll Industries, Inc.
Appendix B: Specimen Financial Statements: Hershey Foods Corporation.
Appendix C: Time Value of Money.
Appendix D: Payroll Accounting.
Appendix E: Subsidiary Ledgers & Special Journals.
Appendix F: Accounting for Sole Proprietorships.
Appendix G: Accounting for Partnerships.
Appendix H: Reporting and Analyzing Investments.
Photo credits.
Company index.
Subject index.
