Table of Contents

Table of Contents for the Student Edition

Chapter 1 Accounting and Business 1
1.1 What Is Accounting?
1.2 Why Study Accounting?
1.3 Characteristics of Business
1.4 The Nature of Accounting
1.5 Becoming a Professional Accountant
1.6 Roles of Accounting
1.7 How Accountants Use Computer Technology

Chapter 2 The Balance Sheet 17
2.1 Financial Position
2.2 The Balance Sheet
2.3 Claims against the Assets
2.4 Accounting Standards
2.5 A Spreadsheet for Balance Sheets

Chapter 3 Analyzing Changes in Financial Position
3.1 Business Transactions
3.2 Equation Analysis Sheet
3.3 A Spreadsheet for Transaction Analysis

Chapter 4 The Simple Ledger
4.1 Ledger Accounts
4.2 Debit and Credit Theory
4.3 Account Balances and Terminology
4.4 Trial Balance
4.5 A Spreadsheet for Ledger Accounts and the Trial Balance

Chapter 5 The Expanded Ledger: Revenue, Expenses, and Drawings
5.1 The Expanded Ledger and Income Statement
5.2 Equity Transactions and Accounting Principles
5.3 Equity Relationships and the Balance Sheet
5.4 A Spreadsheet for the Expanded Ledger

Chapter 6 The Journal and Source Documents
6.1 The Journal
6.2 Source Documents
6.3 Sales Taxes
6.4 Building a Spreadsheet Model for Sales Tax Decisions

Chapter 7 Posting
7.1 Posting
7.2 Overcoming Errors
7.3 Comparing Accounting Software Programs to Manual Accounting

Chapter 8 Completing the Accounting Cycle
8.1 The Adjustment Process
8.2 Adjusting Entries and the Worksheet
8.3 Preparing for New Fiscal Years
8.4 Adjusting for Depreciation
8.5 A Spreadsheet for Worksheets

Chapter 9 Accounting for Cash
9.1 Accounting for Cash Receipts
9.2 Accounting for Cash Payments
9.3 Accounting Controls for Cash
9.4 The Cash Flow Statement
9.5 A Spreadsheet Model for Cash Flow

Chapter 10 Accounting for a Merchandising Business
10.1 The Merchandising Business
10.2 Accounting Procedures for a Merchandising Business
10.3 Worksheet for a Merchandising Business
10.4 Merchandise Returns and Allowances
10.5 Sales Discounts
10.6 A Spreadsheet for Pricing Goods
10.7 Perpetual Inventory
10.8 Manufacturing Businesses–A Comparison

Chapter 11 Modifying Accounting Systems
11.1 Subsidiary Ledger Systems
11.2 The Synoptic Journal and Five-Journal Systems
11.3 Case Application: Modifying Accounting Systems
11.4 Subsidiary Ledgers and Accounting Software

Chapter 12 Business Organizations and Decision-Making
12.1 Partnerships
12.2 Corporations
12.3 Ratio and Percentage Analysis for Corporations
12.4 Partnership Accounting Using Spreadsheets
12.5 Budgeting with Software

Payroll Accounting

Summary Exercises
1. With Strings Attached (Part 3)—Inventory Applications
2. With Strings Attached (Part 4)—Division Accounting Applications
3. Travel Trailers

Accounting Terms
Computer Terms