Finantial accounting index

Index
A
Abercrombie& Fitch. 242.395 Accelerated depreciation, 164-165 Accountingassumptions going-concern assumption, 53 monetary-unitassumption, 52 separate-entity assumption, 52 time-periodassumption, 53 Accountingconstraints, 53 Accountingcycle defined,580 example,592-600 journal entries), step 1 (recording 580-583 step2 (postingjournal entriesto general ledger), 583 step3 (trial balance),583 journal entries), step4 (adjusting 583-586 step5 (adjusted trial balance),586-587 step6 (financialstatements), 587-588 step7 (closingentries),589-591 step8 (postclosing trial balance), 591 steps, listed,580 Accounting equation, 18,59 14, Accountinginformation comparability, 51-52 consistency, 52 relevance,5l reliability, 51 users,66-67 Accountingjobs, 534 Accountingperiods,65-66Accountingprinciples full-disclosureprinciple, 58 principle, 53 historical-cost matchingprincrple,62 revenue-recognition principle, 62 Accountingscandals, 28, 53U531 2, Accountingsoftware,125 Accountspayable,54, 120 Accountsreceivable, 101,, 56, 286 accounts receivablemethod.288190. 293 aging schedule, 288, 289 allowancemethod,288-294 balancesheetpresentation, 290 controls,303-304 defined,286 direct write-offmethod,293-294 estimatingbad debt expense, 288-293 example(Tom'sWear),29'l-300 extendingcredit,286 managing,287 percentage salesmethod,288, 293 of ratio analysis,301-302 recordinguncollectibleaccounts, 286-287 writing off specificaccount,290-291 Accountsreqeivable method,288-290, 293 Accountsreceivable turnoverratio, 482,487 (AR) turnoverratio, Accountsreceivable 301-302 Accrual accountinginformation,66-67 g, Accrual basisaccountin 63-65 Accruals, 578 adjustments accounting to records, 113- 1 1 8 defined,99 example, 120-122 financialstatements. 113-118 and. interestexpense/revenue, 100-102 102-104 other revenues/expenses, Accruedexpenses, , 122,584-585 101 Accruedliabilities, 101 Accruedrevenue, 584 Accumulated amorttzatlon, | 67 Accumulated depreciation, 1,1I,ll2, 120, t22 Acid-testratio,123, 482, 487 Acquiring merchandise sale,210-215 for Acquisition cost,159 Activity methoddepreciation, 162-163 Additional paid-in capital,386 Adelphia, 2,28,98 Adjunct liability, 344 Adjustedtrial balance, 586-587 Adjustingjournal entries,583-586 Adjusting the books,56 Aging method, 288 Aging schedule, 288, 289 Akst. Daniel.154 Allowancefor obsolescence, 238 Allowance for uncollectibleaccounts,286-291 Allowancemethod.286. 288-294 Amazon.com,481 Amortization bonds,344-348 defined,158 intangible assets, 167-169 Amortization schedule, 346, 347 Analysis of business 54-59, transactions, 67-70 Analysis of transactions, 54-59, 67-7 0 Annuity, 378 Apple Computers, 223 AR turnoverratio, 3Ol-302 Arthur Andersen, 28 AsYou Sow,122 Assetimpairment,169-17 0 Assetturnoverratio, 179-180,483 Assets. 5914. Assumptions. Accountingassumptions See Audit opinion, 25 Auditors, 533 Authorizedshares, 384 AtttoZone,438,439 (ADP), 334 AutomaticData Processing Available-for-sale securities. 524

B
BAAN,593 Bad debtsexpense, 286 Seea/so Accounts receivable Balance sheet, 14-18 accountsrecel able, 290 analysisof transactions, 17 16, classified,61 comparative, 16 elements, 57-61 income statement,contrasted, 19 liabilities, 333 long-term assets, 173-174 sample, 73, 333 60, shareholders' equity,385, 395 Bank One,490 Bank reconciliatton,279-284 Bank statement. 9. 284 27 Bames& Noble,223,247 per Basic earnings share, 402 purchase, Basket 156-158 Beginninginventory enorc,274-27 5 Berenson,Alex,526 Berstein. Richard.482 BestBuy, 106,ll2,173,207,222 Black & Decker,332 Bloomingdale's, 210 Board ofdirectors,533 Bond,339-348 amortization,344-348 defined. 339 gettingthe money (issuingbonds), 341-344 issuedat discount,342-343 issuedat par, 342 issuedat premium, 343-344 paying the bondholders, 344 types,341 why used,339-340 Bond certificate,339 Bond covenants, 340 Bondsissuedat a discount,340,342-343 Bonds issuedat a premium, 340,343-344 Bonds issuedat par,340, 342 Book value.112.159 Bookkeeping, 576...