ISBN-10:
0878911758
ISBN-13:
9780878911752
Pub. Date:
06/07/2000
Publisher:
Research & Education Association
Accounting Super Review

Accounting Super Review

by Editors of REA, Duane R. Milano
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Product Details

ISBN-13: 9780878911752
Publisher: Research & Education Association
Publication date: 06/07/2000
Series: Super Reviews Study Guides Series
Pages: 304
Product dimensions: 5.50(w) x 8.25(h) x 0.69(d)
Age Range: 16 Years

Read an Excerpt

What This Book Will Do For You...

REA's SUPER REVIEWS provides all you need to know to excel in class and succeed on midterms, finals, and even pop quizzes.

Think of this book as giving you access to your own private tutor. Here, right at your fingertips, is a brisk review to help you not only understand your textbook but also pick up where even some of the best lectures leave off.

Outstanding features include...
- Comprehensive yet concise coverage
- Targeted preparation for subject tests
- Easy-to-follow & format that helps you master the subject matter
- End-of-chapter quizzes that provide pretest tune-up

We think you'll agree that, whether you're prepping for your next test or want to be a stronger contributor in class, REA's truly provides all you need to know!

Larry B. Kling
Super Review Program Director

Table of Contents

TABLE OF CONTENTS

CHAPTER ONE - INTRODUCTION
Definitions of Accounting
Users of Accounting Information
Generally Accepted Accounting Principles
The Accounting Equation
Expanding the Accounting Equation
Transactions
Accounting Statements
CHAPTER TWO - THE ACCOUNTING STYLE
Accounts
Recording Transactions
Account Balances
CHAPTER THREE - ADJUSTING ENTRIES
Cash Basis of Accounting
Accrual Basis of Accounting
The Adjusting Process
CHAPTER FOUR - CLOSING ENTRIES
Definition and Purpose of Closing Entries
Steps in Closing Entries
An Extended Example
CHAPTER FIVE - THE WORKSHEET
The Worksheet
Worksheet Procedures
CHAPTER SIX - ACCOUNTING FOR A MERCHANDISING OPERATION
Gross Profit/Margin
Perpetual and Periodic Accounting Systems
Transportation Charges
Merchandise Returns
Merchandise Allowances
Trade Discounts
Sales Discounts
Detailed Income Statement
CHAPTER SEVEN - INTERNAL CONTROLS AND SPECIALIZED JOURNALS
Types of Internal Control
Personnel Control
Records Control
Specialized Journals
CHAPTER EIGHT - CASH
Definition of Cash
Internal Control and Cash
Bank Account Reconciliations
Petty Cash
CHAPTER NINE - RECEIVABLES
Accounts Receivable
Uncollectible Accounts Receivable
Direct Method of Accounting for Uncollectable Accounts
Notes Receivable
Discounting Notes Receivable
Dishonored Notes Receivable
CHAPTER TEN - INVENTORY
Introductory to Inventory Accounting
Periodic and Perpetual Accounting Systems
Inventory Methods
Comparison of Cost Methods
Lower-of-Costs-or-Market
CHAPTER ELEVEN - PROPERTY, PLANT, AND EQUIPMENT
Cost Basis for Property, Plant, and Equipment
Depreciation
CHAPTER TWELVE - OTHER LONG-TERM ASSETS
Introduction of Other Long-Term Assets
Leasing
Depletion
Intangible Assets
CHAPTER THIRTEEN - CURRENT LIABILITIES
Accounts Payable
Notes Payable
Liability for Salaries and Wages
Warranties
Returnable Deposits
CHAPTER FOURTEEN - LONG-TERM LIABILITIES
Pensions
Contingent Liabilities
Unearned Revenue (Deferrals)
CHAPTER FIFTEEN - BONDS
Purchase of Bonds
Income on Bonds Receivable
Bonds Payable
Bond Issue Price
Bonds Sold at a Discount
Bonds Sold at a Premium
Effective Interest Method
Retirement of Bonds Payable
CHAPTER SIXTEEN - PARTNERSHIPS
Advantages and Disadvantages of a Partnership
Accounting for Partnerships
Accounting for Investments in a Partnership
Partnership Income Division
Partnership Statements
Other Considerations
CHAPTER SEVENTEEN - CORPORATIONS
Advantages of a Corporation
Disadvantages of a Corporation
Par Value Stock
No-Par Stock
Common Stock
Preferred Stock
Convertible Preferred Stock
Treasury Stock
CHAPTER EIGHTEEN - CORPORATIONS: EARNINGS AND DIVIDENDS
Equity Section Structures
Corporate Income Taxes
Deferred Income Taxes
Unusual Items
Earnings Per Share
Retained Earnings Appropriations
Cash Dividends
Stock Dividends
Stock Splits
Effect of Treasury Stock
CHAPTER NINETEEN - CONSOLIDATIONS
Parent and Subsidiary Company Relationships
Intercompany Eliminations
Preparation of Consolidated Financial Statements
Purchase Price Less Than 100 Percent of Subsidiary
Consolidated Income Statement
Pooling of Income Method
CHAPTER TWENTY - STATEMENT OF CASH FLOWS
Purpose of Statement of Cash Flows
Preparation of the Statement of Cash Flows
CHAPTER TWENTY-ONE - FINANCIAL STATEMENT ANALYSIS
Comparative Financial Statements
Trend Analysis
Common-Size Financial Statements
Other Sources of Financial Information

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