This bestseller has powered the careers of countless professionals. The new edition builds on the book's reputation for comprehensiveness, accuracy, and currency, incorporating all the recent changes to the accounting literature.
The new, enhanced edition of a standard text includes substantial new content and new pedagogical features. Coverage begins with a chapter on financial accounting and accounting standards and continues through 24 chapters covering such topics as income statement and related information; balance sheet and statement of cash flows; valuation of inventories; depreciations, impairments, and depletion; intangible assets; long-term liabilities; income taxes; and pensions and postretirement benefits; among other topics. Annotation c. by Book News, Inc., Portland, Or.
Financial Accounting and Accounting Standards.
Conceptual Framework Underlying Financial Accounting.
The Accounting Information System.
Income Statement and Related Information.
Balance Sheet and Statement of Cash Flows.
Accounting and the Time Value of Money.
Cash and Receivables.
Valuation of Inventories: A Cost Basis Approach.
Inventories: Additional Valuation Issues.
Acquisition and Disposition of Property, Plant, and Equipment.
Depreciation, Impairments, and Depletion.
Current Liabilities and Contingencies.
Stockholders' Equity: Contributed Capital.
Stockholders' Equity: Retained Earnings.
Dilutive Securities and Earnings per Share.
Accounting for Income Taxes.
Accounting for Pensions and Postretirement Benefits.
Accounting for Leases.
Accounting Changes and Error Analysis.
Statement of Cash Flows.
Full Disclosure in Financial Reporting.
Official Accounting Pronouncements.