Financial Accounting as a Second Language / Edition 1

Paperback (Print)
Buy Used
Buy Used from BN.com
$35.60
(Save 32%)
Item is in good condition but packaging may have signs of shelf wear/aging or torn packaging.
Condition: Used – Good details
Used and New from Other Sellers
Used and New from Other Sellers
from $1.99
Usually ships in 1-2 business days
(Save 96%)
Other sellers (Paperback)
  • All (20) from $1.99   
  • New (11) from $21.90   
  • Used (9) from $1.99   

Overview

Accounting may be challenging, but with training and practice students can come out of a financial accounting course having achieved success! With David Weiner’s Financial Accounting as a Second Language, students will get the practice and training they need to better understand fundamental principles, build confidence, and solve problems.

The goal of this title is to: introduce the language of accounting, explain the core concepts of accounting, and learn how to apply these core concepts to solve accounting problems. Developed by David Weiner through his forty year teaching career, this text is filled with study skills, techniques, and strategies used help students learn the core concepts of accounting and get the grades they deserve.

Read More Show Less

Product Details

  • ISBN-13: 9780470043882
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 9/2/2008
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 320
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.60 (d)

Meet the Author

DAVID WEINER is a Professor of Accounting at the University of San Francisco. He previously was a staff accountant for Arthur Anderson & Co.

Read More Show Less

Table of Contents

Preface.

Chapter One. Basic Accounting Concepts.

Roadmap.

Accounting As the Language of Business.

Objectives of Financial Reporting.

Basic Accounting Concepts.

Economic Entity.

Going Concern.

Stable Monetary Unit.

Accounting Periods.

Historical Cost.

Revenue Recognition.

Matching.

Full Disclosure.

Materiality.

Conservatism.

The Basic Financial Statements.

The Income Statement.

The Balance Sheet.

The Statement of Changes in Owners’ Equity.

The Statement of Cash Flows.

Using Financial Statement Information.

Frequently Asked Questions.

Practice Multiple Choice Questions.

Chapter Two. The Accounting Cycle And Accrual Accounting.

Roadmap.

Transaction Analysis.

The Account.

The Rules for Debit and Credit.

The Chart of Accounts.

The Cash basis versus the Accrual basis.

The Journal Entry.

Recording Journal Entries.

Adjusting Entries.

Prepayments and Accruals.

Depreciation.

Cost of Goods Sold and Inventory.

Closing Entries.

The Closing Process.

Balancing the Permanent Accounts.

Correcting Errors.

Correcting Out of Balance Errors.

Correcting Other Bookkeeping Errors.

Preparing the Financial Statements.

Comprehensive Example.

Frequently Asked Questions.

Practice Multiple Choice Questions.

Chapter Three. Internal Control, Cash, And Receivables.

Roadmap.

Sarbanes-Oxley and Internal Controls.

The Control Environment.

Risk Assessment.

Accounting Information System.

Control Activities.

Reporting Cash.

Petty Cash.

The Bank Reconciliation.

Accounts Receivable.

Demonstration Problem: Accounts Receivable.

Notes Receivable.

Getting Cash for Receivables.

Summary of Journal Entries.

Frequently Asked Questions.

Practice Multiple Choice Questions.

Chapter Four. Inventory.

Roadmap.

Basic Inventory Issues.

Inventory Cost.

Inventory Terminology.

Inventory Units.

Inventory Flow Assumptions.

Purchasing and Selling Inventory.

Example One: Selling inventory.

The Cost of Goods Sold Model.

The Periodic method vs. the Perpetual Method.

The Periodic Method.

The Perpetual Method.

Taking Inventory and the Cost Flow Assumptions.

Example Two: Inventory Flow Assumptions.

Example Three: Inventory Flow Assumptions.

Lower of Cost or Market.

Example Four: Lower of Cost or Market.

Impact of Inventory Errors.

Example Five: Impact of Inventory Errors.

Summary of Journal Entries.

Frequently Asked Questions.

Practice Multiple Choice Questions.

Chapter Five. Long Term Assets, Intangible Assets, And Depreciation/Amortization.

Roadmap.

Non-Current Assets.

Long Term Investments.

Trading Securities.

Available for Sale Securities.

Property, Plant, and Equipment.

Demonstration Problem 1: Acquisition of Plant Assets.

Costs Subsequent to acquisition.

Depreciation.

Units of Activity.

Straight Line.

Sum of the Years Digits.

Declining Balance.

Depreciation Conventions.

Partial Year Depreciation.

Disposal of Plant Assets.

Demonstration Problem 2: Property, Plant and Equipment Transactions.

Intangible Assets.

Patents.

Legal fees.

Copyrights.

Trademarks and Trade names.

Franchises and Licenses.

Goodwill.

Example: Calculation of Goodwill.

Impairment.

Example: calculating Impairment.

Demonstration Problem 3: Assorted Intangible Assets in a Single Ledger Account.

Accounting for R and D.

Summary of Journal Entries.

Frequently Asked Questions.

Practice Multiple Choice Questions.

Chapter Six. Liabilities, Current And Non-Current.

Liabilities.

Current liabilities.

Accounts Payable.

Notes Payable.

Interest Bearing Notes.

Non Interest Bearing Notes.

Salaries Payable.

Demonstration Problem: Salaries Payable.

Interest Payable.

Sales Tax Payable.

Advances from Customers.

Current Portion of Long-Term Debt.

Estimated Liability for Warranties.

Short Term Debt Expected to be Refinanced.

Long Term Liabilities.

Bank Loans and Long Term Notes Payable.

Pensions and Other Post Retirement Benefits.

Bonds.

Bond Terminology.

Principle Amount.

Stated (Coupon) Rate of Interest.

Market Rate of Interest (yield).

Discount and Premium.

Example: Issuing Bonds.

Term Bonds versus Serial Bonds.

Mortgage Bonds versus Debentures.

Leases.

Summary of Journal Entries.

Frequently Asked Questions.

Practice Multiple Choice Questions.

Chapter Seven. Owners' Equity.

Owners' Equity.

Corporations.

Contributed Capital.

Retained Earnings.

Common and Preferred Stock.

Cash Dividends, Stock Dividends and Stock Splits.

Treasury Stock.

Example: Treasury Stock.

Statement of Owners' Equity.

Balance Sheet Presentation.

Comprehensive Owners' Equity Demonstration Problem.

Summary of Journal Entries.

Frequently Asked Questions.

Practice Multiple Choice Questions.

Chapter Eight. Statement Of Cash Flows.

Objectives of the Statement.

Format of the Statement.

A Step by Step Approach to Solving Statement of Cash. Flows Problems.

Preparing the Statement of Cash Flows (Direct Approach).

Demonstration Problem 1 (Direct Approach).

Preparing the Statement of Cash Flows (Indirect Approach).

Reviewing the Six Step Approach.

Demonstration Problem 2 (Indirect Approach).

Demonstration Problem 3 Comprehensive Statement of Cash.

Flows Problem (Direct and Indirect Approaches).

Frequently Asked Questions.

Practice Multiple Choice Questions.

Chapter Nine. Review Of Financial Statements And Financial Statement Analysis.

Roadmap.

Horizontal and Vertical Analysis.

DuPont Analysis.

Financial Ratio Analysis.

Liquidity Measures.

Activity Measures.

Solvency and Leverage Measures.

Profitability Measures.

Summary of Financial Ratios.

Comprehensive Demonstration Problems.

Preparation of a Partial Income Statement.

Preparation of a Balance Sheet.

Frequently Asked Questions.

Practice Multiple Choice Questions.

Appendix A. Basic College Skills.

Introduction.

College Skills.

Preparing for Class.

Reading the Textbook.

Doing Homework Problems.

What to do in Class.

Being Prepared.

Correcting Your Homework.

Forming a Study Group.

How to Select Group Members.

Activities for the Study Group.

Practicing What You Have Learned and Testing Yourself.

Preparing for Exams.

Taking Exams.

General Exam Strategies.

Which Question to Answer First.

Tips for answering Multiple Choice Questions.

Tips for Solving Accounting Problems.

Tips for Writing Essays.

Tips for Maximizing Partial Credit on Exams.

Appendix B. The Time Value Of Money.

Basic Concepts.

Future value of a sum.

Present value of a sum.

Future value of an ordinary annuity.

Present value of an ordinary annuity.

Future Value of an Annuity Due.

Present Value of an Annuity Due.

One Equation.

Four Basic Interest Tables.

Drawing a Time Diagram.

Computing the Issue Price of a Bond

Practice Multiple Choice Questions

Appendix C. The Gross Profit Metho.

The Gross Profit Method.

Demonstration Problem: Gross Profit Method.

Appendix D. Advanced Topics For Chapter Five.

Capitalization of Interest on Self Constructed Assets.

Non-Monetary Exchange.

Demonstration Problem: Non-Monetary Exchange.

Appendix E. The Audit Report.

Introduction.

Financial Statement Audit.

Generally Accepted Auditing Standards.

General Standards.

Standards of Fieldwork.

Standards of Reporting.

Types of Opinions.

The Standard Unqualified Audit Report.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)