Intermediate Accounting Financial Reporting & Financial Statements The Demand for and Supply of Financial Accounting Information Understanding the Role of Accounting Information in Decision Making: An Introduction to Intermediate Accounting What is the Securities and Exchange Commission (SEC)? What is the Financial Accounting Standards Board (FASB)? What is the Emerging Issues Tax Force (EITF)? What is the Accounting Standards Codification (ASC)? What is International Accounting Standards Board (IASB)? What is the International Accounting Standards Board (IASB)? What is IFRS? The Demand for Accounting Information: Meeting the Needs of Investors and Creditors Conceptual Framework of Financial Reporting The Supply of Accounting Information: How Financial Statements are Prepared and Presented How to Prepare Financial Statements: Balance Sheet, Income Statement, and Cash Flow Statement Review of a Company’s Accounting System Understanding the Accounting Cycle: A Step-by-Step Guide The Balance Sheet and the Statement of Shareholders’ Equity What is Unrealized Capital? What is Accumulated Other Comprehensive Income? What is Accrued Pension Cost? What is Deferred Taxes Payable? The Income Statement and the Statement of Cash Flows The Concept of Time Value of Money in Accounting: Future Value and Present Value Calculations What is the Capital Maintenance Concept? What is Comprehensive Income? How do you report income or loss from discontinued operations? Business Operating Activities Cash and Receivables Inventories: Cost Measurement and Flow Assumptions Understanding Inventory Accounting: LIFO vs. FIFO Methods Inventories: Special Valuation Issues Inventory Write-Downs: Lower of Cost or Net Realizable Value Current Liabilities and Contingent Obligations Investing Activities Property, Plant, and Equipment: Acquisitions and Subsequent Investments Measuring Elements on the Balance Sheet: What Cost to Use? Understanding the Concept of Depreciation and Amortization: Methods and Examples What is Half-year Convention in Depreciation? What is Mid-month Convention in Depreciation? What is the Difference Between Half-Year and Mid-month Conventions in Depreciation? Allocating Lump-Sum Purchases Capitalizing Interest on a Construction Asset Accounting for Assets Acquired by Donation Depreciation, Depletion, Impairment, and Disposal Intangibles Investments and Long-term Receivables Financing Activities Financing Liabilities: Bonds and Long-term Notes Payable Contributed Capital Retained Earnings and Earning Per Share Analyzing Financial Statements: Ratios and Trend Analysis The Concept of Materiality in Accounting: Importance and Examples What are Opportunity Costs? What are Sunk Costs? What is a Budgeted Income Statement? What is a Financial Metric? What is a Marginal Cost? What is a Master Budget? What is a Production Budget? What is a Selling and Administrative Expense Budget? What is a Variance in Accounting? What is a Variance Report in Accounting? What is Lean Manufacturing? What is Operating Leverage? What is the Difference Between Financial and Managerial Accounting? What is Work in Process Inventory (WIP)?