Financial Accounting: A
Business Process Approach
For courses in Principles of
Accounting and Financial Accounting.
Financial Accounting: A
Business Process Approach attempts to bridge the gap between business and accounting. It
starts out by setting the stage with a description of what a business is all about. This
provides a framework in which students can see how accounting relates to and reports on
business activities. This book shows how accounting fits into business as a company is
created, operated, and expanded.
The traditional financial statements and the accounting equation are emphasized; but how
accounting relates to business processes is at the core. The book is for financial
statement users and preparers. It's for accounting majors and non-majors and even for
non-business majors.
Table of Contents
I. INTRODUCTION TO BUSINESS
AND ACCOUNTING.
1. Business: What's It All
About?
2. Qualities of Accounting Information.
3. Accruals and Deferrals: Timing Is Everything in Accounting.
4. Keeping the Books: The Mechanics of an Accounting System.
II. BUSINESS PROCESS AND
ACCOUNTING: THE BUSINESS CYCLE.
5. Acquisitions: Purchases
and Use of Business Assets.
6. Acquisition/Payment: Inventories and Liabilities.
7. The Sales and Collection Process.
8. Special Acquisitions: Financing a Business with Debt.
9. Special Acquisitions: Financing a Business with Equity.
III. OTHER FINANCIAL
REPORTING TOPICS.
10. Preparing a Statement of
Cash Flows.
11. Financial Statement Analysis.
Appendix A: Pier I Imports Annual Report.
Appendix B: Present and Future Value Tables.
Appendix C: Check Figures for End-of-Chapter Problems.
450 pages