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Accounting (E-Z 101 Study Keys Series) »

Authors: David, CPA, Minars CPA, J.D., M.B.A
ISBN-13: 9780764120015, ISBN-10: 0764120018
Format: Paperback
Publisher: Barron's Educational Series, Incorporated
Date Published: April 2003
Edition: (Non-applicable)

Author Biography: David, CPA, Minars CPA, J.D., M.B.A

Book Synopsis

This book covers nearly 100 topics, starting with the definition of accounting, describing the accounting equation, and showing how to record transactions, determine assets and liabilities, profit and loss, and much more. For more than a decade, titles in this handy, quick study series have helped many college freshmen and others taking introductory 101-level college courses. Designed to be compatible with virtually all standard textbooks in their target subjects, EZ-101 Study Keys outline and organize subject material so that it resembles classroom lecture notes taken by attentive students. As such, these books provide a general overview of course material, and are ideal for brush-up and review study sessions before taking examinations or writing class papers.

Theme 1	Accounting as an information system	1
1	Users of accounting information	2
2	Branches of accounting	3
3	Three basic forms of business organization	4
4	Accounting principles	5
Theme 2	Principles of accounting and financial statements	7
5	Accounting equation	8
6	Double entry accounting	10
7	Income statement	13
8	Balance sheet	15
9	Capital statement	16
10	Corporate stockholders' equity	17
Theme 3	Recording business transactions	18
11	The account	19
12	General ledger	20
13	Posting entries from the journal to the accounts	21
14	Ledger accounts after posting	23
15	Preparing a trial balance	24
Theme 4	Completion of the accounting cycle--adjusting and closing entries	25
16	Revenues and expenses	26
17	Prepaid expenses	27
18	Unearned revenues	28
19	Accrued expenses	29
20	Accrued revenues	30
21	Adjusting for depreciation	31
22	Closing entries	32
23	Post-closing trial balance	34
Theme 5	How to prepare a worksheet and financial statements	36
24	Worksheet	37
25	Preparing a worksheet for a service business	38
26	Using the worksheet to prepare the financial statements	39
27	Classification of assets and liabilities on the balance sheet	43
28	Preparation of the financial statements from the worksheet	44
Theme 6	Computerized accounting systems	46
29	Components of a computer system	47
30	Spreadsheets	48
Theme 7	Processing cash receipts	49
31	Processing cash receipts	50
32	Bank reconciliation	51
33	Preparation of bank reconciliation	52
34	Petty cash	54
Theme 8	Short-term investments	56
35	Short-term investments defined	57
36	Held-to-maturity securities	58
37	Trading securities	59
38	Available-for-sale securities	62
Theme 9	Accounts and notes receivable	64
39	Accounts receivable	65
40	Worthless accounts receivable	66
41	Write-off of an account receivable	68
42	Aging method	69
43	Direct write-off method	71
44	Notes receivable	72
45	Discounting a note receivable	74
46	Dishonored notes receivable	76
Theme 10	Accounting for merchandise inventory	78
47	Merchandising enterprises	79
48	Merchandise inventory systems	80
49	Merchandise inventory on the income statement	81
50	Ending inventory	83
51	Inventory costing methods	84
52	Lower of cost or market	86
Theme 11	Plant assets, depreciation, and intangible assets	87
53	Plant, property, and equipment	88
54	Determining depreciation	90
55	Straight line depreciation	91
56	Declining balance depreciation	92
57	Sum-of-the-years'-digits depreciation	93
58	Units-of-production method of depreciation	94
59	Disposal of plant and equipment	95
60	Intangible assets	96
61	Depletion	97
Theme 12	Liabilities	98
62	Current liabilities	99
63	Merchandise bought on account	100
64	Notes payable	101
65	Advance payments from customers	102
66	Taxes and other payroll deductions	103
67	Noncurrent liabilities	104
68	Accounting for the sale of bonds	105
69	Sale of bonds at a premium	106
70	Sale of bonds at a discount	108
71	Repayment of bonds payable at maturity	110
72	Mortgage notes payable	111
Theme 13	Partnerships	112
73	Definition of a partnership	113
74	Partners' equity	114
75	Division of profits and losses	116
76	Additional investments, division of profits, closing entries, and capital statement	118
77	Admission of a new partner	120
78	Liquidation of a partnership	122
Theme 14	Formation and operation of the corporation	125
79	Forming the corporation	126
80	Issuance of stock	127
81	Participating and cumulative preferred stock	129
82	Treasury stock	131
83	Retained earnings	133
84	Cash dividends	134
85	Stock dividends	135
86	Appropriations of retained earnings	137
87	Stock splits	138
88	Book value per share	139
Theme 15	Analysis of financial statements	141
89	How to analyze a financial statement	142
90	Liquidity ratios	143
91	Activity ratios	146
92	Profitability ratios	148
Theme 16	Statement of cash flows	149
93	Cash flows	150
94	Operating activities	151
95	Investing activities	152
96	Financing activities	153
97	Presentation of the cash flow statement	154
Theme 17	International accounting	156
98	Foreign sales	157
99	Foreign purchases	160
100	Recording exchange gain or loss between accounting periods	163
Theme 18	Long-term investments	165
101	Held-to-maturity	166
102	Available-for-sale	169
103	Accounting for long-term investments in stock	173
104	Consolidated financial statements	179
	Glossary	183
	Index	202

Subjects

Business Books

Accounting

General Accounting

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Accounting (E-Z 101 Study Keys Series) »

Author Biography: David, CPA, Minars CPA, J.D., M.B.A

Book Synopsis

Table of Contents

Subjects