[eBook] [PDF] for Financial Accounting, 10th Edition By Jerry J. Weygandt

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Cover Title Page Dedication Copyright Page Brief Contents From the Author Author Commitment What’s New? Acknowledgments 1 Accounting in Action LO 1 Identify the activities and users associ... ated with accounting. LO 2 Explain the building blocks of accounting: ethics, principles, and assumptions. LO 3 State the accounting equation, and define its components. LO 4 Analyze the effects of business transactions on the accounting equation. LO 5 Describe the four financial statements and how they are prepared. LO *6 APPENDIX 1A: Explain the career opportunities in accounting. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 7 Describe the impact of international accounting standards on U.S. financial reporting. 2 The Recording Process LO 1 Describe how accounts, debits, and credits are used to record business transactions. LO 2 Indicate how a journal is used in the recording process. LO 3 Explain how a ledger and posting help in the recording process. LO 4 Prepare a trial balance. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEMS COOKIE CREATIONS EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 5 Compare the procedures for the recording process under GAAP and IFRS. 3 Adjusting the Accounts LO 1 Explain the accrual basis of accounting and the reasons for adjusting entries. LO 2 Prepare adjusting entries for deferrals. LO 3 Prepare adjusting entries for accruals. LO 4 Describe the nature and purpose of an adjusted trial balance. LO*5 APPENDIX 3A: Prepare adjusting entries for the alternative treatment of deferrals. LO* 6 APPENDIX 3B Discuss financial reporting concepts. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 7 Compare the procedures for adjusting entries under GAAP and IFRS. 4 Completing the Accounting Cycle LO 1 Prepare a worksheet. LO 2 Prepare closing entries and a post-closing trial balance. LO 3 Explain the steps in the accounting cycle and how to prepare correcting entries. LO 4 Identify the sections of a classified balance sheet. LO *5 APPENDIX 4A: Prepare reversing entries. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS COMPREHENSIVE ACCOUNTING CYCLE REVIEW EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 6 Compare the procedures for the closing process under GAAP and IFRS. 5 Accounting for Merchandising Operations LO 1 Describe merchandising operations and inventory systems. LO 2 Record purchases under a perpetual inventory system. LO 3 Record sales under a perpetual inventory system. LO 4 Apply the steps in the accounting cycle to a merchandising company LO 5 Prepare a multiple-step income statement and a comprehensive income statement LO *6 APPENDIX 5A: Prepare a worksheet for a merchandising company. LO *7 APPENDIX 5B: Record purchases and sales under a periodic inventory system. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS COMPREHENSIVE ACCOUNTING CYCLE REVIEW EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 8 Compare the accounting for merchandising under GAAP and IFRS. 6 Inventories LO 1 Discuss how to classify and determine inventory. LO 2 Apply inventory cost flow methods and discuss their financial effects. LO 3 Indicate the effects of inventory errors on the financial statements. LO 4 Explain the statement presentation and analysis of inventory. LO *5 APPENDIX 6A: Apply the inventory cost flow methods to perpetual inventory records. LO *6 APPENDIX 6B: Describe the two methods of estimating inventories. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS COMPREHENSIVE ACCOUNTING CYCLE REVIEW EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 7 Compare the accounting for inventories under GAAP and IFRS. 7 Fraud, Internal Control, and Cash LO 1 Define fraud and the principles of internal control. LO 2 Apply internal control principles to cash. LO 3 Identify the control features of a bank account. LO 4 Explain the reporting of cash. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS COMPREHENSIVE ACCOUNTING CYCLE REVIEW EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 5 Compare the accounting for fraud, internal control, and cash under GAAP and IFRS. 8 Accounting for Receivables LO 1 Explain how companies recognize accounts receivable. LO 2 Describe how companies value accounts receivable and record their disposition. LO 3 Explain how companies recognize, value, and dispose of notes receivable. LO 4 Describe the statement presentation and analysis of receivables. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS COMPREHENSIVE ACCOUNTING CYCLE REVIEW EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 5 Compare the accounting for receivables under GAAP and IFRS. 9 Plant Assets, Natural Resources, and Intangible Assets LO 1 Explain the accounting for plant asset expenditures LO 2 Apply depreciation methods to plant assets LO 3 Explain how to account for the disposal of plant assets LO 4 Describe how to account for natural resources and intangible assets LO 5 Discuss how plant assets, natural resources, and intangible assets are reported and analyzed. LO *6 APPENDIX 9A Explain how to account for the exchange of plant assets. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEMS End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS COMPREHENSIVE ACCOUNTING CYCLE REVIEW EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 7 Compare the accounting for long-lived assets under GAAP and IFRS. 10 Liabilities LO 1 Explain how to account for current liabilities. LO 2 Describe the major characteristics of bonds. LO 3 Explain how to account for bond transactions. LO 4 Explain how to account for long-term notes payable. LO 5 Discuss how liabilities are reported and analyzed. LO *6 APPENDIX 10A: Apply the straight-line method of amortizing bond discount and bond premium. LO *7 APPENDIX 10B: Apply the effective-interest method of amortizing bond discount and bond premium. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS COMPREHENSIVE ACCOUNTING CYCLE REVIEW EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 8 Compare the accounting for liabilities under GAAP and IFRS. 11 Corporations: Organization, Stock Transactions, and Stockholders' Equity LO 1 Discuss the major characteristics of a corporation. LO 2 Explain how to account for the issuance of common, preferred, and treasury stock. LO 3 Explain how to account for cash dividends, stock dividends, and stock splits. LO 4 Discuss how stockholders' equity is reported and analyzed. LO *5 APPENDIX 11A: Describe the use and content of the stockholders' equity statement. LO 6 APPENDIX 11B: Compute book value per share. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS COMPREHENSIVE ACCOUNTING CYCLE REVIEW EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 7 Compare the accounting for stockholders' equity under GAAP and IFRS. 12 Statement of Cash Flows LO 1 Discuss the usefulness and format of the statement of cash flows. LO 2 Prepare a statement of cash flows using the indirect method. LO 3 Analyze the statement of cash flows. LO *4 APPENDIX 12A: Prepare a statement of cash flows using the direct method. LO *5 APPENDIX 12B: Use a worksheet to prepare the statement of cash flows using the indirect method. LO *6 APPENDIX 12C: Use the T-account approach to prepare a statement of cash flows. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 7 Compare the procedures for the statement of cash flows under GAAP and IFRS. 13 Financial Analysis: The Big Picture LO 1 Apply the concepts of sustainable income and quality of earnings. LO 2 Apply horizontal analysis and vertical analysis. LO 3 Analyze a company's performance using ratio analysis. LO *4 APPENDIX 13A: Evaluate a company comprehensively using ratio analysis. Review and Practice LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW PRACTICE MULTIPLE-CHOICE QUESTIONS PRACTICE EXERCISES PRACTICE PROBLEM End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES DO IT! EXERCISES EXERCISES EXERCISES: SET B AND CHALLENGE EXERCISES PROBLEMS: SET A PROBLEMS: SET B AND SET C CONTINUING PROBLEM COOKIE CREATIONS EXPAND YOUR CRITICAL THINKING A Look at IFRS LO 5 Compare financial statement analysis and income statement presentation under GAAP and IFRS. Appendix A Specimen Financial Statements: Apple Inc. Appendix B Specimen Financial Statements: PepsiCo, Inc. Appendix C Specimen Financial Statements: The Coca-Cola Company Appendix D Specimen Financial Statements: Amazon.com, Inc. Appendix E Specimen Financial Statements: Wal-Mart Stores, Inc. Appendix F Specimen Financial Statements: Louis Vuitton Appendix G Time Value of Money LO 1 Compute interest and future values LO 2 Compute present values. LO 3 Use a financial calculator to solve time value of money problems. Review LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW End-of-Chapter Homework Material BRIEF EXERCISES Appendix H Reporting and Analyzing Investments LO 1 Explain how to account for debt investments. LO 2 Explain how to account for stock investments. LO 3 Discuss how debt and stock investments are reported in the financial statements. Review LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES EXERCISES PROBLEMS Appendix I Payroll Accounting LO 1 Record the payroll for a pay period. LO 2 Record employer payroll taxes. LO 3 Discuss the objectives of internal control for payroll. Review LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES EXERCISES PROBLEMS Appendix J Subsidiary Ledgers and Special Journals LO 1 Describe the nature and purpose of a subsidiary ledger. LO 2 Record transactions in special journals. Review LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES EXERCISES PROBLEMS comprehensive accounting cycle REVIEW Appendix K Other Significant Liabilities LO 1 Describe the accounting and disclosure requirements for contingent liabilities. LO 2 Discuss the accounting for lease liabilities and off-balance-sheet financing. LO 3 Discuss additional fringe benefits associated with employee compensation. Review LEARNING OBJECTIVES REVIEW GLOSSARY REVIEW End-of-Chapter Homework Material QUESTIONS BRIEF EXERCISES EXERCISES PROBLEMS Glossary Company Index Subject Index Account Classification Rapid Review EULA [Show More]

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