This introductory accounting textbook is designed for either the undergraduate or the graduate-level student, and for either a one or two-term course. The book emphasizes financial statements and their uses, and begins with the complete 1999 annual report of PepsiCo. Each chapter contains a detailed outline, vocabulary and a series of exercises. Annotation c. Book News, Inc., Portland, OR (booknews.com)
1. An Annual Report to Shareholders: PepsiCo, Inc. 2. Prologue: A Introduction to Accounting. 3. Accounting: Concepts, Standards, and Practice. 4. Transaction Analysis: The Accounting Process. Appendixes: A. The Recording Process. Appendix B. The Worksheet and Adjustments. C. Accruals and Deferrals. D. A Model of a Financial Accounting System. 5. Understanding Corporate Financial Statements. 6. Merchandising Transactions and Inventories. 7. Long-Term Assets. Appendices: A. Assets Acquired During the Period. B. Trade-Ins. 8. Cash, Receivables, and current Liabilities. Appendices: A. Discounting Notes Receivable. B. Payroll Accounting. 9. Long-Term Liabilities and Investments. Appendix: Consolidated Financial Statements. 10. Types of Business Organizations. Appendixes: A. Partnership Accounting. B. Subscriptions for Capital Stock. 11. Income Determination and Earnings. 12. Financial Statement Analysis. 13. The Statement of Cash Flows. 14. Income Tax Considerations. Appendix: Interperiod Tax Allocation. 15. International Accounting. 16. Accounting for Pensions, Postretirement Benefits, and Leases and Analysis of Other Disclosures. Index.