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Evaluating Short-Term Liquidity
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Management's Interest in Financial Statements
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The Accounting Equation
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Reporting Ownership Equity in the Balance Sheet for a Sole Proprietorship
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Reporting Ownership Equity in the Balance Sheet for a Partnership (Partners' Equity)
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Partnerships
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Reporting Ownership Equity in the Balance Sheet for a Corporation
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What makes corporations unique?
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Purchase of an Asset and Financing Part of the Cost (Example)
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Statement of Cash Flows (Example)
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Statement of Financial Position
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The Going-Concern Assumption
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The Objectivity Principle
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The Effects of Business Transactions An Illustration
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The Cost Principle
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Sale of an Asset (Example)
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Payment of a Liability (Example)
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The Concept of the Business Entity
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Overnight Auto Service's Accounting Policies
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Owners' Equity
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Payment of Expenses (Example)
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Purchase of an Asset on Account (Example)
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Liabilities
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Overnight Auto Service's First Transaction
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The GAO: Who Audits the Government?
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Earning of Revenue (Example)
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Assets
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Bookkeeping in Accounting Careers
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Increases in Owners' Equity
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Decreases in Owners' Equity
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Collection of an Account Receivable (Example)
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Introduction to Financial Statements
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Accounting as a Stepping Stone
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Public Accounting
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The Universal Value of Accounting Knowledge
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The IRS: Audits of Income Tax Returns
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The SEC: The Watchdogs of Financial Reporting
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Careers in Accounting
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Audits of Financial Statements
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Governmental Accounting Careers
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Careers in Accounting Education
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Management Accounting Careers
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Committee of Sponsoring Organizations of the Treadway Commission (COSO)
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The Institute of Management Accountants (IMA)
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The CPA Examination
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The International Accounting Standards Board (IASB)
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The American Institute of CPAs (AICPA)
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Competence, Judgment, and Ethical Behavior
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The Institute of Internal Auditors (IIA)
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Users of Internal Accounting Information
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The Securities and Exchange Commission (SEC)
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Integrity of Accounting Information
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Legislation Concerning Accounting Information
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Professional Accounting Organizations
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The Financial Accounting Standards Board (FASB)
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Standards for Preparing Accounting Information
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The American Accounting Association (AAA)
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Measures of Efficiency and Effectiveness
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Management Accounting Information: A Means
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Identity of Decision Makers
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The Importance of Timeliness
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Financial Reporting: A Means
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Accounting Oriented Toward the Future
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Characteristics of Management Accounting Information
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Who Designs and Installs Information Systems?
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Objectives of Management Accounting Information
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Characteristics of Externally Reported Information
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Financial Reporting vs. Financial Statements
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External Users of Accounting Information
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single step income statements
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General-Purpose Assumption
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Historical in Nature
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Inexact and Approximate Measures
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Objectives of External Financial Reporting
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Information Systems
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Basic Functions of an Information System
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Components of Internal Control
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Determining Information Needs
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Types of Accounting Information
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The Cost of Producing Information
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Viewing the Tag Reports
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Accounting, From a User's Perspective
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Accounting Information: A Means to an End
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The Public Company Accounting Oversight Board (PCAOB)
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Management Accounting
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Financial Accounting
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Preparing a Trial Balance
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Preparing an Accounts Payable Aging Summary
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Profit and Loss Statement
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Balance Sheet
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Preparing a Sales by Product or Service Summary Report
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Add Accounts
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Preparing a Balance Sheet
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Tag Results
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Adjusted Trial Balance
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Create Tag Groups
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Create Tags
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Export Vendors List
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Export Customers List
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