Fundamentals of Financial Accounting uses a balanced mix of conversational wording and clear and concise presentations, allowing students to grasp concepts fundamental to financial accounting without sacrificing rigor or coverage. The authors incorporate focus companies, carefully chosen to foster student recognition and engagement, and use peer-reviewed research to inform pedagogy and presentation of concepts. This research informs the step-by-step accounting cycle model used in the text. By breaking the accounting cycle down into more cohesive, bite-sized segments, students develop a stronger foundational understanding that leads to better results in short-term assessment as well as in long-term understanding and application of the material. New co-author Shana Clor-Proell is an associate professor at Texas Christian University. Shana has 14 years of teaching experience. She received her PhD from Cornell University. She is a CPA and previously worked as an auditor for Arthur Andersen.
Chapter 2: The Balance Sheet
Chapter 3: The Income Statement
Chapter 4: Adjustments, Financial Statements, And Financial Results
Chapter 5: Fraud, Internal Control, and Cash
Chapter 6: Merchandising Operations and the Multistep Income Statement
Chapter 7: Inventory and Cost of Goods Sold
Chapter 8: Receivables, Bad Debt Expense, and Interest Revenue
Chapter 9: Long-Lived Tangible and Intangible Assets
Chapter 10: Liabilities
Chapter 11: Stockholders' Equity
Chapter 12: Statement Cash Flows
Chapter 13: Measuring and Evaluating Financial Performance
Appendix A: Excerpts from the Fiscal 2016 Annual Report of The Home Depot, Inc.
Appendix B: Excerpts from the Fiscal 2016 Annual Report of Lowe's Companies, Inc.
Appendix C: Present and Future Value Concepts
Appendix D: Investments in Other Corporations
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