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A student-centered approach to financial accounting
Accounting is the language of business and understanding the role accounting plays in business is critical to students’ success in this field. Financial Accounting, 13th Edition gives readers a solid foundation in the fundamentals of accounting and basics of financial statements, and then builds upon that groundwork by offering more challenging concepts and problems. This scaffolded approach helps students to better understand and analyze financial information and see its significance within a real-world context. Reader-friendly examples, streamlined chapters, and time-tested resources — including the award-winning Accounting in the Headlines blog, author-created learning objective videos, and turnkey case resources — help students grasp the practical concepts of accounting, so that they can apply them in both their courses and career.
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Table of contents
1. The Financial Statements
2. Transaction Analysis
3. Accrual Accounting and Income
4. Internal Control and Cash
5. Receivables and Revenue
6. Inventory and Cost of Goods Sold
7. Plant Assets, Natural Resources, and Intangibles
8. Current and Contingent Liabilities
9. Long-Term Liabilities
10. Stockholders’ Equity
11. The Statement of Cash Flows
12. Financial Statement Analysis
Appendix A: Apple Inc. Annual Report 2016
Appendix B: Typical Charts of Accounts for Different Types of Businesses
Appendix C: Summary of Generally Accepted Accounting Principles (GAAP)
Appendix D: Summary of Differences Between US GAAP and IFRS Cross Referenced to Chapter
Appendix E: Investments
Appendix F: Time Value of Money
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Published by Pearson (June 1st 2021) - Copyright © 2022