Financial Reporting & Financial Statements
The Demand for and Supply of Financial Accounting Information
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)?
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 Accumulated Other Comprehensive Income?
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?
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?
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 is a Budgeted Income Statement?
What is a Selling and Administrative Expense Budget?
What is a Variance in Accounting?
What is a Variance Report in Accounting?
What is the Difference Between Financial and Managerial Accounting?