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Accounting 26E Warren Reeve EBOOK PDF Instant Download

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Accounting 26th Edition
by Carl S. Warren (Author), James M. Reeve (Author), Jonathan Duchac (Author) EBOOK PDF Instant Download

Table of Content

Introduction to Accounting and Business 1
Nature of a Business 2
The Role of Accounting in Business 6
Business Ethics 7
Profession of Accounting 8
Generally Accepted Accounting Principles 10
Assets, Liabilities, and Owners’ Equity 11
Business Transactions and the Accounting Equation 12
Financial Statements 16
Financial Analysis and Interpretation 19
2 Analyzing Transactions 45
Usefulness of an Account 46
Characteristics of an Account 48
Analyzing and Summarizing Transactions in Accounts 49
Illustration of Analyzing and Summarizing Transactions 54
Trial Balance 67
Discovery and Correction of Errors 68
Financial Analysis and Interpretation 70
3 The Matching Concept and the Adjusting Process 99
The Matching Concept 100
Nature of the Adjusting Process 101
Recording Adjusting Entries 102
Summary of Adjustment Process 110
Financial Analysis and Interpretation 114
4 Completing the Accounting Cycle 137
Work Sheet 138
Financial Statements 139
Adjusting and Closing Entries 141
Accounting Cycle 149
Fiscal Year 149
Financial Analysis and Interpretation 151
Appendix Reversing Entries 152
Comprehensive Problem 1 175
Practice Set: Tom’s Asphalt Sealing
5 Accounting Systems and Internal Controls 179
Basic Accounting Systems 180
Internal Control 181
Manual Accounting Systems 186
Adapting Manual Accounting Systems 197
Computerized Accounting Systems 198
6 Accounting for Merchandising Businesses 225
Nature of Merchandising Businesses 226
Accounting for Purchases 227
Accounting for Sales 231
Transportation Costs 236
Illustration of Accounting for Merchandise Transactions 238
Chart of Accounts for a Merchandising Business 239
Income Statement for a Merchandising Business 240
The Accounting Cycle for a Merchandising Business 244
Financial Analysis and Interpretation 246
Appendix 1 Accounting Systems for Merchandisers 248
Appendix 2 Work Sheet and Adjusting and Closing Entries for a Merchandising Business 251
Comprehensive Problem 2 273
Practice Set: The Snow Shop
Practice Set: Hazzard Travel
7 Cash 279
Nature of Cash and the Importance of Controls Over Cash 280
Control of Cash Receipts 281
Internal Control of Cash Payments 283
Bank Accounts: Their Nature and Use as a Control Over Cash 285
Bank Reconciliation 289
Petty Cash 292
Presentation of Cash on the Balance Sheet 293
Financial Analysis and Interpretation 294
8 Receivables 313
Classification of Receivables 314
Internal Control of Receivables 315
Uncollectible Receivables 316
Allowance Method of Accounting for Uncollectibles 317
Direct Write-Off Method of Accounting for Uncollectibles 321
Characteristics of Notes Receivable 322
Accounting for Notes Receivable 324
Receivables on the Balance Sheet 326
Financial Analysis and Interpretation 327
Appendix Discounting Notes Receivable 328
9 Inventories 349
Internal Control of Inventories 350
Effect of Inventory Errors on Financial Statements 352
Inventory Cost Flow Assumptions 353
Inventory Costing Methods Under a Perpetual Inventory System 354
Inventory Costing Methods Under a Periodic Inventory System 358
Comparing Inventory Costing Methods 362
Valuation of Inventory at Other than Cost 364
Presentation of Merchandise Inventory on the Balance Sheet 365
Estimating Inventory Cost 366
Financial Analysis and Interpretation 368
10 Fixed Assets and Intangible Assets 389
Nature of Fixed Assets 390
Accounting for Depreciation 393
Capital and Revenue Expenditures 398
Disposal of Fixed Assets 400
Leasing Fixed Assets 404
Internal Control of Fixed Assets 405
Natural Resources 406
Intangible Assets 407
Financial Reporting for Fixed Assets and Intangible Assets 408
Financial Analysis and Interpretation 409
Appendix Sum-of-the-Years-Digits Depreciation 410
11 Current Liabilities 431
The Nature of Current Liabilities 432
Short-Term Notes Payable 433
Contingent Liabilities 435
Payroll and Payroll Taxes 436
Accounting Systems for Payroll and Payroll Taxes 442
Employees’ Fringe Benefits 449
Financial Analysis and Interpretation 452
Comprehensive Problem 3 470
Practice Set: The Coddled Canine
12 Corporations: Organization, Capital Stock Transactions, and Dividends 475
Nature of a Corporation 476
Stockholders’ Equity 479
Sources of Paid-In Capital 480
Issuing Stock 483
Treasury Stock Transactions 485
Stock Splits 487
Accounting for Dividends 487
Financial Analysis and Interpretation 490
13 Corporations: Income and Taxes, Stockholders’ Equity, and Investments in Stocks 509
Corporate Income Taxes 510
Unusual Items that Affect the Income Statement 513
Earnings per Common Share 515
Reporting Stockholders’ Equity 517
Comprehensive Income 519
Accounting for Investments in Stocks 520
Business Combinations 525
Financial Analysis and Interpretation 528
Practice Set: Nina Decorating House
Practice Set: First Designs, Inc.
14 Bonds Payable and Investments in Bonds 549
Financing Corporations 550
Characteristics of Bonds Payable 552
The Present-Value Concept and Bonds Payable 553
Accounting for Bonds Payable 556
Bond Sinking Funds 560
Bond Redemption 561
Investments in Bonds 562
Corporation Balance Sheet 564
Financial Analysis and Interpretation 566
Appendix Effective Interest Rate Method of Amortization 567
Comprehensive Problem 4 583
15 Statement of Cash Flows 589
Purpose of the Statement of Cash Flows 590
Reporting Cash Flows 590
Statement of Cash Flows–The Indirect Method 594
Statement of Cash Flows–The Direct Method 603
Financial Analysis and Interpretation 607
Appendix Work Sheet for Statement of Cash Flows 609
16 Financial Statement Analysis 641
Basic Analytical Procedures 642
Solvency Analysis 647
Profitability Analysis 653
Summary of Analytical Measures 658
Corporate Annual Reports 660
17 Introduction to Managerial Accounting and Job Order Cost Systems 685
The Differences Between Managerial and Financial Accounting 686
The Management Accountant in the Organization 687
Manufacturing Cost Terms 689
Cost Accounting System Overview 691
Job Order Cost Systems for Manufacturing Businesses 692
Job Order Costing for Decision Making 702
Job Order Cost Systems for Professional Service Businesses 705
Practice Set: Sunblaze Inc.
18 Process Cost Systems 733
Comparing Job Order Costing and Process Costing 734
Physical Flows and Cost Flows for a Process Manufacturer 735
The First-In, First-Out (Fifo) Method 737
Bringing It All Together: The Cost of Production Report 743
Journal Entries for a Process Cost System 744
Using the Cost of Production Report for Decision Making 746
Just-in-Time Processing 747
19 Cost Behavior and Cost-Volume-Profit Analysis 769
Cost Behavior 770
Cost-Volume-Profit Relationships 776
Mathematical Approach to Cost-Volume-Profit Analysis 778
Graphic Approach to Cost-Volume-Profit Analysis 783
Sales Mix Considerations 787
Special Cost-Volume-Profit Relationships 789
Assumptions of Cost-Volume-Profit Analysis 790
Appendix Variable Costing 791
20 Budgeting 817
Nature and Objectives of Budgeting 818
Budgeting Systems 821
Master Budget 825
Income Statement Budgets 825
Balance Sheet Budgets 832
21 Performance Evaluation Using Variances from Standard Costs 865
Standards 866
Budgetary Performance Evaluation 868
Direct Materials Variances 870
Direct Labor Variances 872
Factory Overhead Variances 874
Recording and Reporting Variances from Standards 879
Standards for Nonmanufacturing Expenses 880
Nonfinancial Performance Measures 881
22 Performance Evaluation for Decentralized Operations 901
Centralized and Decentralized Operations 902
Responsibility Accounting for Cost Centers 904
Responsibility Accounting for Profit Centers 906
Responsibility Accounting for Investment Centers 909
Transfer Pricing 915
23 Differential Analysis and Product Pricing 943
Differential Analysis 944
Setting Normal Product Selling Prices 952
Product Profitability and Pricing Under Production Bottlenecks 958
Appendix Activity-Based Costing 961
24 Capital Investment Analysis 983
Nature of Capital Investment Analysis 984
Methods of Evaluating Capital Investment Proposals 985
Factors That Complicate Capital Investment Analysis 994
Capital Rationing 996
Appendix A Interest Tables 2
Appendix B Codes of Professional Ethics for Accountants 1
Appendix C Alternative Methods of Recording Deferrals 1
Appendix D Periodic Inventory Systems for Merchandising Businesses 1
Appendix E Foreign Currency Transactions 1
Appendix F Partnerships 1
Appendix G Cisco Systems, Inc., Annual Report 1
Glossary 1
Subject Index 1
Company Index 1