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Financial Accounting: A Course for All Majors was written for general education classes that include students from all disciplines. Chapters are concise so that students will actually take the time to read them; the writing style is nontechnical and informal so that all majors can comprehend the material; the numerical examples stress the key concepts but avoid unnecessary complications that can be an impediment to learning.
Many financial accounting textbooks are user-oriented. This book is student-oriented. It was designed for students who may only take one financial accounting course; if they do not complete the course, financial accounting will always be a mystery to them and they will remain financially illiterate. This book strives to make financial accounting accessible to all majors so that they can improve their financial literacy and make better, more informed, financial decisions in their personal and professional lives.
This book can be used as the primary textbook in a survey course, or as a supplemental resource in any course that requires a solid foundation in financial accounting. It will also be a useful primer for any manager who needs to refresh their knowledge of financial accounting.
Foreword
Overview of Textbook
Acknowledgments
Chapter 1. The Accounting Profession: An Overview
Chapter 2. Three Basic Financial Statements
Chapter 3. The Expanded Accounting Equation
Chapter 4. Basic Transaction Analysis
Chapter 5. Financial Statement Interrelationships
Chapter 6. The Accrual Basis of Accounting
Chapter 7. Accruals and Deferrals
Chapter 8. Adjustments, Part I
Chapter 9. Adjustments, Part II
Chapter 10. The Accounting Cycle
Chapter 11. The Classified Balance Sheet
Chapter 12. The Multiple-Step Income Statement
Chapter 13. Operating Activities: An Introduction to Bad Debts Expense
Chapter 14. Operating Activities: The Allowance Method for Bad Debts
Chapter 15. Operating Activities: The Revenue Recognition Principle
Chapter 16. Operating Activities: Inventory, Part I
Chapter 17. Operating Activities: Inventory, Part II
Chapter 18. Investing Activities: Long-Term Assets and Cost Allocation
Chapter 19. Financing Activities: Simple Interest and Amortized Loans
Chapter 20. Financing Activities: The Time Value of Money
Chapter 21. Financing Activities: Equity Transactions
Chapter 22. An Introduction to Financial Statement Analysis
Chapter 23. Financial Statement Analysis and Ratio Analysis
Chapter 24. Internal Controls
Appendix I. Debits and Credits
Appendix II. Transaction Analysis Quick Reference Guide
About the Author