Maire Loughran

Intermediate Accounting for Dummies

• Broschiertes Buch

Produktbeschreibung

Learn to: * Master the concepts of this challenging course * Make sense of topics with real-life examples * Score your highest in Intermediate Accounting The painless way to master an Intermediate Accounting course With easy-to-understand explanations and real-world examples, Intermediate Accounting For Dummies takes the confusion out of the topics you'll encounter in this challenging course: Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), financial ratio analysis, equity accounting, investment strategies, financial statement preparation, and more. * Financial Accounting 101 -- get acquainted with the role and responsibilities of financial accountants * Make a statement -- walk through the proper preparation of the income statement, balance sheet, and statement of cash flow * Control your cash -- discover everything you need to know about accounting for current and noncurrent assets * I.O.U. -- find the 4-1-1 on debt and equity, short-term claims payable by the company, and accounting for long-term obligations under various debt scenarios * Mistakes happen -- find out how to fix mistakes in financial statements, how to account for a change from one accounting method to another, and what to do when an accounting estimate is incorrect Open the book and find: * The conceptual framework of financial accounting * The elements of financial statements * All about the accounting system * Lots of examples of worksheets and reports * How a business prepares an income statement * The ins and outs of cashflow * The time value of money * Ways to analyze debt and equity * Ten common disclosure notes to the financial statements

Produktdetails

• Verlag: Wiley
• Seitenzahl: 384
• Erscheinungstermin: 24. April 2012
• Englisch
• Abmessung: 233mm x 189mm x 21mm
• Gewicht: 558g
• ISBN-13: 9781118176825
• ISBN-10: 1118176820
• Artikelnr.: 34447809

Autorenporträt

Maire Loughran is a certified public accountant who has prepared compilation, review, and audit reports for fifteen years. A member of the American Institute of Certified Public Accountants, she is a full adjunct professor who teaches graduate and undergraduate auditing and accounting classes.

Inhaltsangabe

Introduction 1

Part I: Introducing Financial Accounting and Standards 7

Chapter 1: Seeing the Big Picture of Financial Accounting 9

Chapter 2: Walking Through the Conceptual Framework of Financial Accounting 23

Chapter 3: Invaluable Valuation 43

Chapter 4: Reviewing the Accounting System 51

Part II: Preparing and Using Financial Statements 65

Chapter 5: Posting Income Statement Profit and Loss 67

Chapter 6: Reporting Assets and Claims: Keeping Your Balance (Sheet) 83

Chapter 7: Follow the Money! Studying Cash Flow 101

Chapter 8: Time Is Money: Looking at the Time Value of Money 115

Part III: Homing in on Current and Noncurrent Assets 127

Chapter 9: Assessing Cash and Receivables 129

Chapter 10: Inventory Cost Flow Assumptions 145

Chapter 11: Buying and Selling Property, Plant, and Equipment (PP&E) 167

Chapter 12: Recognizing Depreciation, Impairments, and Depletion 183

Chapter 13: Keeping Track of Other Noncurrent Assets 197

Part IV: Analyzing Debt and Equity 207

Chapter 14: Tracking Current Liabilities and Contingencies 209

Chapter 15: Planning for Long-Term Obligations 227

Chapter 16: Letting Owners Know Where They Stand: The Equity Section 241

Part V: Accounting for Advanced Intermediate Issues 257

Chapter 17: Accounting for Income Taxes 259

Chapter 18: Accounting for Leases 277

Chapter 19: Fessing Up: Correcting Errors

and Reporting Changes in Methods 295

Chapter 20: Is That You, Revenue? Revenue Recognition Concepts 313

Part VI: The Part of Tens 327

Chapter 21: Ten Common Notes to the Financial Statements 329

Chapter 22: Ten Ratios for Financial Statement Analysis 337

Index 343