Corporate Financial Accounting 16th Edition by Carl S. Warren, ISBN-13: 978-0357510384
[PDF eBook eTextbook]
- Publisher: Cengage Learning; 16th edition (January 7, 2021)
- Language: English
- 880 pages
- ISBN-10: 0357510380
- ISBN-13: 978-0357510384
Discover the importance of financial accounting in creating a successful business and prosperous society with Warren/Jones’ CORPORATE FINANCIAL ACCOUNTING, 16E. This best-selling book clearly presents core financial accounting concepts within a meaningful business context, using engaging learning features that ensure a relevant, innovative learning experience. The authors demonstrate how accounting is more than just data or black-and-white rules. Updated content addresses the latest development and tools in corporate accounting today — from using data analytics effectively to understanding the impact of discounts and sales in retail accounting. CNOWv2 online resources work with practice opportunities to ensure you understand and can apply key accounting principles. Prepare for immediate success on exams and advancements in your business career as you learn how to apply the key information that accounting provides to make critical business decisions.
Table of Contents:
Title Page
Preface
About the Authors
Brief Contents
Contents
Chapter 1: Introduction to Accounting and Business
Nature of Business and Accounting
Generally Accepted Accounting Principles (GAAP)
The Accounting Equation
Business Transactions and the Accounting Equation
Financial Statements
Analysis for Decision Making
Continuing Problem
Make a Decision
Take It Further
Pathways Challenge
Chapter 2: Analyzing Transactions
Using Accounts to Record Transactions
Double-Entry Accounting System
Posting Journal Entries to Accounts
Trial Balance
Analysis for Decision Making
Continuing Problem
Make a Decision
Take It Further
Pathways Challenge
Chapter 3: The Adjusting Process
Nature of the Adjusting Process
Adjusting Entries for Accruals
Adjusting Entries for Deferrals
Adjusting Entries for Depreciation
Summary of Adjusting Process
Adjusted Trial Balance
Analysis for Decision Making
Continuing Problem
Make a Decision
Take It Further
Pathways Challenge
Chapter 4: The Accounting Cycle
Flow of Accounting Information
Financial Statements
Closing Entries
Accounting Cycle
Illustration of the Accounting Cycle
Why Is the Accrual Basis of Accounting Required by GAAP?
Analysis for Decision Making
Appendix 1 End-of-Period Spreadsheet
Appendix 2 Statement of Cash Flows for NetSolutions
Continuing Problem
Comprehensive Problem 1
Make a Decision
Take It Further
Pathways Challenge 177
Chapter 5: Accounting for Retail Businesses
Nature of Retail Businesses
Merchandise Transactions
The Adjusting Process
Financial Statements and Closing Entries for a Retail Business
Analysis for Decision Making
Appendix 1 Sales Discounts
Appendix 2 The Periodic Inventory System
Comprehensive Problem 2
Make a Decision
Take It Further
Pathways Challenge
Chapter 6: Inventories
Control of Inventory
Inventory Cost Flow Assumptions
Inventory Costing Methods Under a Perpetual Inventory System
Inventory Costing Methods Under a Periodic Inventory System
Comparing Inventory Costing Methods
Reporting Inventory in the Financial Statements
Analysis for Decision Making
Appendix Estimating Inventory Cost
Make a Decision
Take It Further
Pathways Challenge
Chapter 7: Internal Control and Cash
Sarbanes-Oxley Act
Internal Control
Cash Controls over Receipts and Payments
Bank Accounts
Bank Reconciliation
Special-Purpose Cash Funds
Financial Statement Reporting of Cash
Analysis for Decision Making
Make a Decision
Take It Further
Pathways Challenge
Chapter 8: Receivables
Classification of Receivables
Uncollectible Receivables
Direct Write-Off Method for Uncollectible Accounts
Allowance Method for Uncollectible Accounts
Comparing Direct Write-Off and Allowance Methods
Notes Receivable
Reporting Receivables on the Balance Sheet
Analysis for Decision Making
Make a Decision
Take It Further
Pathways Challenge
Chapter 9: Long-Term Assets: Fixed and Intangible
Nature of Fixed Assets
Accounting for Depreciation
Disposal of Fixed Assets
Natural Resources
Intangible Assets
Financial Reporting for Long-Term Assets: Fixed and Intangible
Analysis for Decision Making
Appendix Exchanging Similar Fixed Assets
Make a Decision
Take It Further
Pathways Challenge
Chapter 10: Liabilities: Current, Installment Notes, and Contingencies
Current Liabilities
Payroll Liabilities
Employees’ Fringe Benefits
Installment Notes
Contingent Liabilities
Reporting Liabilities
Analysis for Decision Making
Comprehensive Problem
Make a Decision
Take It Further
Pathways Challenge
Chapter 11: Liabilities: Bonds Payable
Nature of Bonds Payable
Accounting for Bonds Payable
Reporting Bonds Payable
Analysis for Decision Making
Appendix 1 Present Value Concepts and Pricing Bonds Payable
Appendix 2 Effective Interest Rate Method of Amortization
Make a Decision
Take It Further
Pathways Challenge
Chapter 12: Corporations: Organization, Stock Transactions, and Dividends
Nature of a Corporation
Paid-In Capital from Stock
Accounting for Dividends
Stock Splits
Treasury Stock Transactions
Reporting Stockholders’ Equity
Analysis for Decision Making
Comprehensive Problem 4
Make a Decision
Take It Further
Pathways Challenge
Chapter 13: Statement of Cash Flows
Reporting Cash Flows
Cash Flows: Operating Activities
Cash Flows: Investing Activities
Cash Flows: Financing Activities
Preparing the Statement of Cash Flows
Analysis for Decision Making
Appendix 1 Spreadsheet (Work Sheet) for Statement of Cash Flows – The Indirect Method
Appendix 2 Preparing the Statement of Cash Flows – The Direct Method
Make a Decision
Take It Further
Pathways Challenge
Chapter 14: Financial Statement Analysis
Analyzing and Interpreting Financial Statements
Analytical Methods
Analyzing Liquidity
Analyzing Solvency
Analyzing Profitability
Corporate Annual Reports
Make a Decision
Take It Further
Pathways Challenge
Appendix A: Interest Tables
Appendix B: Selected Topics
Topic 1: Investments
Topic 2: Foreign Currency Transactions
Topic 3: Corporate Taxes
Topic 4: Reporting Unusual Items and Comprehensive Income
Topic 5: Revenue Recognition
Topic 6: International Accounting Standards
Appendix C: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2020 Selected Excerpts
Glossary
Index
Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren has taught all levels of accounting courses with a primary focus on introductory of accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and the University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren’s outside interests include handball, backpacking, skiing, hiking, fly-fishing and golf. He also spends as much time as possible visiting with his five grandchildren (two sets of twins). Dr. Warren resides in Bozeman, Montana.
Dr. Jefferson P. Jones is an associate professor of accounting in the School of Accountancy at Auburn University, where he teaches financial accounting and applied financial research courses. He received his B.A. and M.A. degrees from Auburn University and his Ph.D. from Florida State University. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (eleven times), the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times), the Auburn University Outstanding Distance Master of Accountancy Teaching Award (three times) and the Auburn University College of Business McCartney Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. Dr. Jones has public accounting experience as an auditor with Deloitte and Touche and holds a C.P.A. certificate in the state of Alabama (inactive). He is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA) and the Alabama Society of CPAs (ASCPA). His research interests focus on financial accounting, specifically investigating the quality of reported accounting information and accounting education. He has published articles in numerous journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting and The CPA Journal. When not at work, Dr. Jones enjoys playing golf and watching college football.
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