Table of Contents
Chapter 1 The Role of the
Accountant
Financial and Managerial Accounting
Responsibilities of the Accounting
Department
Organizational Structure of the
Accounting Department
Chapter 2 The Chart of Accounts
Overview of the Chart of Accounts
The Three-Digit Chart of Accounts
The Five-Digit Chart of Accounts
The Seven-Digit Chart of Accounts
Chapter 3 - The General Ledger and
Trial Balance
The Accounts Receivable Ledger
Trial Balance Error Correction
The Post-Closing Trial Balance
Evaluation of the Trial Balance
Chapter 4 - Accounting Procedures
The Number of Procedures to Develop
The Mechanics of Procedure
Production
The Credit Examination Procedure
(Manual System)
The Shipping Procedure (Manual
System)
The Check Receipts Processing
Procedure
The Supplier Invoice Processing
Procedure (Manual System)
The Check Payment Issuance Procedure
Chapter 5 Accounting for
Receivables
The Allowance for Doubtful Accounts
Acquisition, Development, and
Construction Arrangements
Nonrefundable Fees and Other Costs
Chapter 6 - Accounting for
Investments
Overview of Investments Debt and
Equity Securities
Chapter 7 Accounting for Inventory
The Perpetual Inventory System
The First In, First Out Method
The Lower of Cost or Market Rule
Accounting for Obsolete Inventory
Chapter 8 Accounting for Property,
Plant, and Equipment
Initial Fixed Asset Recognition
Fixed Assets Acquired through a
Business Combination
Sum-of-the-Years Digits Method
Double-Declining Balance Method
Depreciation Accounting Entries
Fixed Asset Disposal Accounting
General Fixed Asset Disclosures
Change in Estimate Disclosures
Intangible Asset Impairment
Disclosures
Chapter 9 Accounting for
Intangibles
General Intangibles Other than
Goodwill
Chapter 10 Accounting for Equity
Stock Dividends and Stock Splits
Constructive Retirement Method
Equity-Based Payments to
Non-Employees
Contingently Convertible Securities
Changes in Shareholders Equity
Equity-Based Payments to
Non-Employees
Chapter 11 - Revenue Recognition
Topic 606, Revenue from Contracts
with Customers
Step One: Link Contract to Customer
Step Two: Note Performance
Obligations
Step Four: Allocate Prices to
Obligations
Allocation of Variable Consideration
Measurement of Progress Completion
Treatment as Separate Contract
Treatment as Continuing Contract
Consideration Received from a
Supplier
Customer Options for Additional
Purchases
Unexercised Rights of Customers
Chapter 12 - Accounting for Payroll
Types of Payroll Journal Entries
Payroll Information in the Financial
Statements - Wages
Payroll Information in the Financial
Statements Payroll Taxes
Chapter 13 Accounting for
Stock-Based Compensation
Overview of Stock Compensation
Fair Value Calculation Alternatives
Awards Classified as Liabilities
Stock-Based Compensation Disclosures
Chapter 14 Accounting for Income
Taxes
Taxes Related to Undistributed
Earnings
Chapter 15 Accounting for Business
Combinations
Overview of Business Combinations
Identifiable Assets and Liabilities,
and Noncontrolling Interests
Goodwill or Gain from Bargain
Purchase
Transactions between Entities under
Control of Same Parent
Business Combination Disclosures
Identifiable Assets and Liabilities,
and any Noncontrolling Interest
Goodwill or Gain from Bargain
Purchase
Transactions between Entities under
Control of Same Parent
Chapter 16 - Foreign Currency
Matters
Financial Statement Translation
Determination of Functional Currency
Translation of Financial Statements
Derecognition of a Foreign Entity
Investment
Chapter 17 - Accounting Changes and
Error Corrections
Changes in Accounting Principle
Changes in Accounting Estimate
Correction of an Error in Previously
Issued Financial Statements
Corrections Related to Prior Interim
Periods
Accounting Changes and Error
Corrections Disclosures
Change in Accounting Principle
Chapter 18 - Closing the Books
Core Steps: Issue Customer Invoices
Core Steps: Calculate Depreciation
Core Steps: Consolidate Division
Results
Core Steps: Eliminate Intercompany
Transactions
Core Steps: Review Journal Entries
Core Steps: Reconcile Accounts
Core Steps: Close Subsidiary Ledgers
Core Steps: Create Financial
Statements
Core Steps: Review Financial
Statements
Core Steps: Accrue Tax Liabilities
Core Steps: Write Cover Letter
Core Steps: Issue Financial
Statements
Delayed Steps: Issue Customer
Invoices
Delayed Steps: Closing Metrics
Delayed Steps: Document Future
Closing Changes
Delayed Steps: Update Closing
Procedures
Chapter 19 - The Financial
Statements
The Single-Step Income Statement
The Multi-Step Income Statement
The Condensed Income Statement
The Contribution Margin Income
Statement
The Multi-Period Income Statement
How to Construct the Income
Statement
How to Construct the Balance Sheet
Overview of the Statement of Cash
Flows
How to Prepare the Statement of Cash
Flows
The Statement of Retained Earnings
Overview of the Statement of
Retained Earnings
How to Prepare the Statement of
Retained Earnings
Chapter 20 - Public Company
Financial Reporting
Comparison of the Integral and
Discrete Views
Primary Segment Reporting Issues
Presentation of Earnings per Share
The Public Company Closing Process
Chapter 21 - Management Reports
Variable Overhead Spending Variance
Variable Overhead Efficiency
Variance
Fixed Overhead Spending Variance
Problems with Variance Analysis
Chapter 22 - Cash Receipts Management
Credit Card Receipt Improvements
Enter Information in On-line Form
Immediately
Chapter 23 - Collection Tactics
Overview of Collection Tactics
Check Payment by Fax or E-mail
Issue Small Claims Court Complaint
Chapter 24 - Payroll Management
The Reasons for Budget Iterations
Overview of the Revenue Budget
The Ending Finished Goods Inventory
Budget
Production Budgeting for Multiple
Products
The Direct Materials Budget (Roll up
Method)
The Direct Materials Budget
(Historical Method)
The Manufacturing Overhead Budget
The Sales and Marketing Budget
The Research and Development Budget
Additional Estimation Elements
Chapter 26 - Capital Budgeting
Capital Budget Proposal Analysis
The Capital Budgeting Application
Form
Collection Effectiveness Index
Inventory Turnover Measurements
Chapter 28 - Cost Object Analysis
Factors in Cost Object Analysis
Cost Object Termination Issues
Final Examination
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