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Financial Accounting

Accounting

ISBN:

978-0-9898001-2-9

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Financial Accounting

Steve Albrecht, PhD, CPA, CIA, CFE Earl Kay Stice, PhD Jim Stice, PhD

Learn to speak the language of business. Students build a comprehensive foundation in financial accounting, starting with who uses accounting information and why, then working through the accounting cycle, internal controls, receivables, inventory, long-term assets and liabilities, equity, investments, and the statement of cash flows. Real company examples and solved exercises show students how to read, interpret, and analyze financial statements so they can use accounting information to make sound business decisions.

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Course Objective

This resource offers students a thorough foundation in financial accounting, combining key concepts, procedures, real-world examples, and solved exercises to prepare them for today's business environment.

Table of Contents

Introduction Topic 1: Accounting Information: Users and Uses Topic 2: Financial Statements: An Overview Topic 3: The Accounting Cycle: The Mechanics of Accounting Topic 4: Completing the Accounting Cycle Topic 5: Internal Controls: Ensuring the Integrity of Financial Information Topic 6: Receivables: Selling a Product or Service Topic 7: Inventory and the Cost of Sales Topic 8: Completing the Operating Cycle Topic 9: Investments: Property, Plant, and Equipment and Intangible Assets Topic 10: Financing: Long-Term Liabilities Topic 11: Financing: Equity Topic 12: Investments: Debt and Equity Securities Topic 13: The Statement of Cash Flows Topic 14: Analyzing Financial Statements Appendix A: The Present Value Module Appendix B: Tables Appendix C: How to Locate Financial Statements Appendix D: Check Figures

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