Introduction to Financial Accounting

by David Annand and Henry Dauderis

Read here Read at LibreTextsPDF

Introduction to Financial Accounting, originally by D. Annand and H. Dauderis, is intended for a first course in introductory financial accounting. It has been extensively edited to reflects current International Financial Reporting Standards (IFRS). A corporate approach is utilized versus beginning with a sole proprietorship emphasis and then converting to a corporate approach. The textbook focuses on core introductory financial accounting topics that match pre-requisite requirements for studen

Description from LibreTexts.

Publisher
Athabasca University
Subjects
Business, Accounting
Licence
CC BY-NC-SA 3.0, as LibreTexts states it. Non-commercial use only.
Who can read
Tweens profiles and older, judged from its title and subjects

Contents

LibreTexts writes equations in TeX, and here they show as TeX; the PDF has them typeset.

  1. Front Matter
  2. TitlePage
  3. InfoPage
  4. Table of Contents
  5. Licensing
  6. Chapter 2: The Accounting Process
  7. 2.1: Accounts
  8. 2.2: Transaction Analysis Using Accounts
  9. 2.3: The Trial Balance
  10. 2.4: Using Formal Accounting Records
  11. 2.5: The Accounting Cycle
  12. 2.6: Summary of Chapter 2 Learning Objectives
  13. 2.7: Exercises
  14. Chapter 3: Financial Accounting and Adjusting Entries
  15. 3.1: The Operating Cycle
  16. 3.2: Adjusting Entries
  17. 3.3: The Adjusted Trial Balance
  18. 3.4: Using the Adjusted Trial Balance to Prepare Financial Statements
  19. 3.5: The Accounting Cycle
  20. 3.6: Summary of Chapter 3 Learning Objectives
  21. 3.7: Exercises
  22. Chapter 4: The Classified Balance Sheet and Related Disclosures
  23. 4.1: Financial Statement Disclosure Decisions
  24. 4.2: Classified Balance Sheet
  25. 4.3: Notes to Financial Statements
  26. 4.4: Auditor's Report
  27. 4.5: Management's Responsibility for Financial Statements
  28. 4.6: Summary of Chapter 4 Learning Objectives
  29. 4.7: Exercises
  30. Chapter 5: Accounting for the Sale of Goods
  31. 5.1: The Basics of Merchandising
  32. 5.2: The Purchase and Payment of Merchandise Inventory (Perpetual) Edit section
  33. 5.3: Merchandise Inventory- Sales and Collection (Perpetual)
  34. 5.4: Adjustments to Merchandise Inventory (Perpetual)
  35. 5.5: Merchandising Income Statement
  36. 5.6: Closing Entries for a Merchandiser
  37. 5.7: Appendix A- The Periodic Inventory System
  38. 5.8: Summary of Chapter 5 Learning Objectives
  39. 5.9: Exercises
  40. Chapter 6: Assigning Costs to Merchandise
  41. 6.1: Inventory Cost Flow Assumptions
  42. 6.2: Financial Statement Impact of Different Inventory Cost Flows
  43. 6.3: Lower of Cost and Net Realizable Value (LCNRV)
  44. 6.4: Estimating the Balance in Merchandise Inventory
  45. 6.5: Appendix A- Ratio Analysis—Merchandise Inventory Turnover
  46. 6.6: Appendix B- Inventory Cost Flow Assumptions Under the Periodic System
  47. 6.7: Summary of Chapter 6 Learning Objectives
  48. 6.8: Exercises
  49. Chapter 7: Cash and Receivables
  50. 7.1: Internal Control
  51. 7.2: Petty Cash
  52. 7.3: Cash Collections and Payments
  53. 7.4: Accounts Receivable
  54. 7.5: Short-Term Notes Receivable
  55. 7.6: Appendix A- Ratio Analysis—Acid Test
  56. 7.7: Appendix B- Ratio Analysis—Accounts Receivable Turnover
  57. 7.8: Summary of Chapter 7 Learning Objectives
  58. 7.9: Exercises
  59. Chapter 8: Long-lived Assets
  60. 8.1: Establishing the Cost of Property, Plant, and Equipment (PPE) Edit section
  61. 8.2: Depreciation
  62. 8.3: Partial Year Depreciation
  63. 8.4: Revising Depreciation
  64. 8.5: Impairment of Long-lived Assets
  65. 8.6: Derecognition of Property, Plant, and Equipment
  66. 8.7: Intangible Assets
  67. 8.8: Goodwill
  68. 8.9: Disclosure
  69. 8.10: Summary of Chapter 8 Learning Objectives Edit section
  70. 8.11: Exercises
  71. Chapter 9: Debt Financing - Current and Long-term Liabilities
  72. 9.1: Current versus Long-term Liabilities
  73. 9.2: Exercises
  74. 9.3: Known Current Liabilities
  75. 9.4: Estimated Current Liabilities
  76. 9.5: Long-Term Liabilities—Bonds Payable
  77. 9.6: Long-term Liabilities—Loans Payable
  78. 9.7: Appendix A- Present Value Calculations
  79. 9.8: Appendix B- Additional Payroll Transactions
  80. 9.9: Appendix C- The Effective Interest Rate Method
  81. 9.10: Summary of Chapter 9 Learning Objectives
  82. Chapter 10: Equity Financing
  83. 10.1: The Corporate Structure
  84. 10.2: Recording Share Transactions
  85. 10.3: Cash Dividends
  86. 10.4: Share Dividends
  87. 10.5: Book Value
  88. 10.6: Appendix A- Reporting for Multiple Classes of Shares
  89. 10.7: Summary of Chapter 10 Learning Objectives Edit section
  90. 10.8: Exercises
  91. Chapter 11: The Statement of Cash Flows
  92. 11.1: Financial Statement Reporting
  93. 11.2: Preparing the Statement of Cash Flows
  94. 11.3: Interpreting the Statement of Cash Flows
  95. 11.4: Appendix A- Putting It All Together- Corporate Financial Statements
  96. 11.5: Appendix B- Statement of Cash Flows – Direct Method
  97. 11.6: Summary of Chapter 11 Learning Objectives
  98. 11.7: Exercises
  99. Chapter 12: Financial Statement Analysis
  100. 12.1: Introduction to Ratio Analysis
  101. 12.2: Liquidity Ratios- Analyzing Short-term Cash Needs
  102. 12.3: Profitability Ratios- Analyzing Operating Activities
  103. 12.4: Leverage Ratios - Analyzing Financial Structure
  104. 12.5: Market Ratios- Analysis of Financial Returns to Investors
  105. 12.6: Overall Analysis of Big Dog's Financial Statements
  106. 12.7: Horizontal and Vertical Trend Analysis
  107. 12.8: Summary of Chapter 12 Learning Objectives
  108. 12.9: Exercises
  109. Chapter 13: Proprietorships and Partnerships
  110. 13.1: Proprietorships
  111. 13.2: Partnerships
  112. 13.3: Summary of Chapter 13 Learning Objectives
  113. 13.4: Exercises
  114. Back Matter
  115. Index
  116. Detailed Licensing
  117. Solutions
  118. Detailed Licensing