Custom TEM 402 (University of Rochester)
by Easton
ISBN: 0000000000 | Copyright 2023
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| Financial & Managerial Accounting for MBAs, 6e (pg. 1.1-1) | |
| Module 1 Financial Accounting for MBAs (pg. 1.1-1) | |
| Preview (pg. 1.1-1) | |
| Reporting on Business Activities (pg. 1.1-3) | |
| Business Activities (pg. 1.1-3) | |
| Business Strategy (pg. 1.1-3) | |
| Review 1-1 (pg. 1.1-4) | |
| Financial Statements: Demand and Supply (pg. 1.1-4) | |
| Demand for Information (pg. 1.1-4) | |
| Supply of Information (pg. 1.1-7) | |
| International Accounting Standards (pg. 1.1-8) | |
| Review 1-2 (pg. 1.1-9) | |
| Structure of Financial Statements (pg. 1.1-9) | |
| Balance Sheet (pg. 1.1-10) | |
| Income Statement (pg. 1.1-13) | |
| Statement of Stockholders’ Equity (pg. 1.1-14) | |
| Statement of Cash Flows (pg. 1.1-15) | |
| Information Beyond Financial Statements (pg. 1.1-16) | |
| Managerial Choices in Financial Accounting (pg. 1.1-17) | |
| Review 1-3 (pg. 1.1-18) | |
| Analysis of Financial Statements (pg. 1.1-18) | |
| Return on Assets (pg. 1.1-18) | |
| Components of Return on Assets (pg. 1.1-18) | |
| Return on Equity (pg. 1.1-20) | |
| Are Financial Statements Relevant? (pg. 1.1-20) | |
| Review 1-4 (pg. 1.1-21) | |
| Financial Statements and Business Analysis (pg. 1.1-22) | |
| Analyzing the Competitive Environment (pg. 1.1-22) | |
| SWOT Analysis of the Business Environment (pg. 1.1-23) | |
| Analyzing Competitive Advantage (pg. 1.1-24) | |
| Review 1-5 (pg. 1.1-25) | |
| Book Road Map (pg. 1.1-25) | |
| Global Accounting (pg. 1.1-26) | |
| Appendix 1A: Financial Statement Data and Analytics (pg. 1.1-26) | |
| SEC Filings (pg. 1.1-26) | |
| Data Analytics (pg. 1.1-29) | |
| Appendix 1B: Accounting Principles and Governance (pg. 1.1-30) | |
| Financial Accounting Environment (pg. 1.1-30) | |
| Audit Report (pg. 1.1-31) | |
| Guidance Answers (pg. 1.1-34) | |
| Questions (pg. 1.1-34) | |
| Mini Exercises (pg. 1.1-35) | |
| Exercises (pg. 1.1-38) | |
| Problems (pg. 1.1-40) | |
| IFRS Applications (pg. 1.1-46) | |
| Management Applications (pg. 1.1-47) | |
| Ongoing Project (pg. 1.1-48) | |
| Solutions to Review Problems (pg. 1.1-48) | |
| Review 1-1-Solution (pg. 1.1-48) | |
| Review 1-2-Solution (pg. 1.1-49) | |
| Review 1-3-Solution (pg. 1.1-49) | |
| Review 1-4-Solution (pg. 1.1-50) | |
| Review 1-5-Solution (pg. 1.1-50) | |
| Module 2 Introducing Financial Statements (pg. 1.2-1) | |
| Preview (pg. 1.2-1) | |
| Balance Sheet (pg. 1.2-3) | |
| Balance Sheet and the Flow of Costs (pg. 1.2-3) | |
| Assets (pg. 1.2-4) | |
| Liabilities and Equity (pg. 1.2-6) | |
| Review 2-1 (pg. 1.2-13) | |
| Income Statement (pg. 1.2-13) | |
| Recognizing Revenues and Expenses (pg. 1.2-14) | |
| Reporting of Transitory Items (pg. 1.2-15) | |
| Analyzing the Income Statement (pg. 1.2-16) | |
| Review 2-2 (pg. 1.2-17) | |
| Statement of Stockholders’ Equity (pg. 1.2-17) | |
| Review 2-3 (pg. 1.2-18) | |
| Statement of Cash Flows (pg. 1.2-18) | |
| Statement Format and Data Sources (pg. 1.2-18) | |
| Review 2-4 (pg. 1.2-20) | |
| Articulation of Financial Statements (pg. 1.2-20) | |
| Retained Earnings Reconciliation (pg. 1.2-20) | |
| Financial Statement Linkages (pg. 1.2-20) | |
| Review 2-5 (pg. 1.2-22) | |
| Additional Information Sources (pg. 1.2-22) | |
| Form 10-K (pg. 1.2-22) | |
| Form 20-F and Form 40-F (pg. 1.2-24) | |
| Form 8-K (pg. 1.2-25) | |
| Analyst Reports (pg. 1.2-25) | |
| Credit Services (pg. 1.2-26) | |
| Data Services (pg. 1.2-26) | |
| Review 2-6 (pg. 1.2-26) | |
| Global Accounting (pg. 1.2-26) | |
| Balance Sheet (pg. 1.2-26) | |
| Income Statement (pg. 1.2-26) | |
| Guidance Answers (pg. 1.2-27) | |
| Questions (pg. 1.2-27) | |
| Mini Exercises (pg. 1.2-28) | |
| Exercises (pg. 1.2-29) | |
| Problems (pg. 1.2-34) | |
| IFRS Applications (pg. 1.2-38) | |
| Management Applications (pg. 1.2-38) | |
| Ongoing Project (pg. 1.2-39) | |
| Solutions to Review Problems (pg. 1.2-40) | |
| Review 2-1-Solution (pg. 1.2-40) | |
| Review 2-2-Solution (pg. 1.2-40) | |
| Review 2-3-Solution (pg. 1.2-40) | |
| Review 2-4-Solution (pg. 1.2-41) | |
| Review 2-5-Solution (pg. 1.2-41) | |
| Review 2-6-Solution (pg. 1.2-42) | |
| Module 3 Transactions, Adjustments, and Financial Statements (pg. 1.3-1) | |
| Preview (pg. 1.3-1) | |
| Basics of Accounting (pg. 1.3-3) | |
| Four-Step Accounting Cycle (pg. 1.3-3) | |
| Financial Statement Effects Template (pg. 1.3-3) | |
| Review 3-1 (pg. 1.3-5) | |
| Accounting Cycle Step 1-Analyze Transactions and Prepare Entries (pg. 1.3-6) | |
| Apple’s Transactions (pg. 1.3-6) | |
| Applying the Financial Statement Effects Template (pg. 1.3-6) | |
| Applying the Journal Entry and T-Account (pg. 1.3-6) | |
| Review 3-2 (pg. 1.3-8) | |
| Accounting Cycle Step 2-Prepare Accounting Adjustments (pg. 1.3-9) | |
| Four Types of Accounting Adjustments (pg. 1.3-9) | |
| Prepaid Expenses (pg. 1.3-10) | |
| Unearned Revenues (pg. 1.3-10) | |
| Accrued Expenses (pg. 1.3-11) | |
| Accrued Revenues (pg. 1.3-12) | |
| Accounting Adjustments for Apple (pg. 1.3-12) | |
| Review 3-3 (pg. 1.3-13) | |
| Accounting Cycle Step 3-Prepare Financial Statements (pg. 1.3-13) | |
| Income Statement (pg. 1.3-13) | |
| Balance Sheet (pg. 1.3-14) | |
| Statement of Stockholders’ Equity (pg. 1.3-15) | |
| Review 3-4 (pg. 1.3-16) | |
| Accounting Cycle Step 4-Close the Books (pg. 1.3-16) | |
| Closing with the Template (pg. 1.3-16) | |
| Closing with Journal Entries (pg. 1.3-16) | |
| 1. Close Revenue and Gain Accounts. (pg. 1.3-16) | |
| 2. Close Expense and Loss Accounts. (pg. 1.3-17) | |
| 3. Close Dividend Account. (pg. 1.3-17) | |
| Accounting Cycle Summarized (pg. 1.3-17) | |
| Review 3-5 (pg. 1.3-18) | |
| Global Accounting (pg. 1.3-18) | |
| Appendix 3A: FASB’s Financial Statement Presentation Project (pg. 1.3-19) | |
| Guidance Answers (pg. 1.3-19) | |
| Questions (pg. 1.3-20) | |
| Mini Exercises (pg. 1.3-20) | |
| Exercises (pg. 1.3-23) | |
| Problems (pg. 1.3-27) | |
| IFRS Applications (pg. 1.3-32) | |
| Management Applications (pg. 1.3-33) | |
| Solutions to Review Problems (pg. 1.3-35) | |
| Review 3-1-Solution (pg. 1.3-35) | |
| Review 3-2-Solution (pg. 1.3-36) | |
| Review 3-3-Solution (pg. 1.3-36) | |
| Review 3-4-Solution (pg. 1.3-37) | |
| Review 3-5-Solution (pg. 1.3-37) | |
| Module 4 Analyzing and Interpreting Financial Statements (pg. 1.4-1) | |
| Preview (pg. 1.4-1) | |
| Return on Equity (ROE) (pg. 1.4-3) | |
| Review 4-1 (pg. 1.4-3) | |
| ROE Disaggregation: DuPont Analysis (pg. 1.4-4) | |
| Return on Assets (pg. 1.4-4) | |
| Financial Leverage (pg. 1.4-5) | |
| Review 4-2 (pg. 1.4-5) | |
| Return on Assets and Its Disaggregation (pg. 1.4-6) | |
| Analysis of Profitability and Productivity (pg. 1.4-7) | |
| Analysis of Profitability (pg. 1.4-8) | |
| Analysis of Productivity (pg. 1.4-9) | |
| Analysis of Financial Leverage (pg. 1.4-12) | |
| Review 4-3 (pg. 1.4-14) | |
| Balance Sheet Analysis with an Operating Focus (pg. 1.4-14) | |
| Operating and Nonoperating Returns (pg. 1.4-14) | |
| Operating and Nonoperating Liabilities (pg. 1.4-15) | |
| Return on Net Operating Assets (RNOA) (pg. 1.4-15) | |
| Net Operating Assets (NOA) (pg. 1.4-15) | |
| Net Nonoperating Obligations (NNO) (pg. 1.4-17) | |
| Review 4-4 (pg. 1.4-18) | |
| Income Statement Analysis with an Operating Focus (pg. 1.4-19) | |
| Operating Line Items on the Income Statement (pg. 1.4-19) | |
| Nonoperating Line Items on the Income Statement (pg. 1.4-19) | |
| Net Nonoperating Expense (NNE) (pg. 1.4-22) | |
| Review 4-5 (pg. 1.4-22) | |
| Return on Net Operating Assets (RNOA) (pg. 1.4-23) | |
| RNOA vs ROA (pg. 1.4-23) | |
| Financial leverage (pg. 1.4-24) | |
| Review 4-6 (pg. 1.4-25) | |
| RNOA Disaggregation into Margin and Turnover (pg. 1.4-25) | |
| Net Operating Profit Margin (pg. 1.4-25) | |
| Net Operating Asset Turnover (pg. 1.4-26) | |
| Trade-Off between Margin and Turnover (pg. 1.4-27) | |
| Review 4-7 (pg. 1.4-29) | |
| Global Accounting (pg. 1.4-29) | |
| Appendix 4A: Operating versus Nonoperating Classification (pg. 1.4-30) | |
| Appendix 4B: Nonoperating Return Component of ROE (pg. 1.4-31) | |
| Nonoperating Return (pg. 1.4-31) | |
| Nonoperating Return- With Substantial Net Nonoperating Assets: Amazon (pg. 1.4-33) | |
| Nonoperating Return- With Noncontrolling Interest: AT&T (pg. 1.4-34) | |
| Appendix 4C: Liquidity and Solvency Analysis (pg. 1.4-35) | |
| Liquidity Analysis (pg. 1.4-36) | |
| Current Ratio (pg. 1.4-36) | |
| Quick Ratio (pg. 1.4-36) | |
| Solvency Analysis (pg. 1.4-37) | |
| Liabilities-to-Equity (pg. 1.4-37) | |
| Times Interest Earned (pg. 1.4-38) | |
| Vertical and Horizontal Analysis (pg. 1.4-38) | |
| Limitations of Ratio Analysis (pg. 1.4-40) | |
| Review 4-9 (pg. 1.4-41) | |
| Guidance Answers (pg. 1.4-41) | |
| Questions (pg. 1.4-42) | |
| Mini Exercises (pg. 1.4-42) | |
| Exercises (pg. 1.4-46) | |
| Problems (pg. 1.4-50) | |
| IFRS Applications (pg. 1.4-57) | |
| Management Applications (pg. 1.4-57) | |
| Ongoing Project (pg. 1.4-58) | |
| Solutions to Review Problems (pg. 1.4-59) | |
| Review 4-1-Solution (pg. 1.4-59) | |
| Review 4-2-Solution (pg. 1.4-59) | |
| Review 4-3-Solution (pg. 1.4-59) | |
| Review 4-4-Solution (pg. 1.4-60) | |
| Review 4-5-Solution (pg. 1.4-60) | |
| Review 4-6-Solution (pg. 1.4-60) | |
| Review 4-7-Solution (pg. 1.4-60) | |
| Review 4-8-Solution (pg. 1.4-60) | |
| Review 4-9-Solution (pg. 1.4-61) | |
| Module 5 Revenues, Receivables, and Operating Expenses (pg. 1.5-1) | |
| Preview (pg. 1.5-1) | |
| Revenue (pg. 1.5-3) | |
| Revenue Recognition Rules (pg. 1.5-4) | |
| Complications of Revenue Recognition (pg. 1.5-5) | |
| Performance Obligations Satisfied Over Time (pg. 1.5-7) | |
| Review 5-1 (pg. 1.5-11) | |
| Sales Allowances (pg. 1.5-11) | |
| Accounting for Sales Allowances (pg. 1.5-11) | |
| Reporting Sales Allowances (pg. 1.5-12) | |
| Analysis of Sales Allowances (pg. 1.5-13) | |
| Review 5-2 (pg. 1.5-13) | |
| Unearned (Deferred) Revenue (pg. 1.5-14) | |
| Review 5-3 (pg. 1.5-15) | |
| Foreign Currency Effects on Revenue, Expenses, and Cash Flow (pg. 1.5-15) | |
| Foreign Currency and Cash Flows (pg. 1.5-16) | |
| Foreign Currency and Income (pg. 1.5-17) | |
| Foreign Currency and Future Results (pg. 1.5-17) | |
| Review 5-4 (pg. 1.5-18) | |
| Accounts Receivable (pg. 1.5-19) | |
| Aging Analysis of Receivables (pg. 1.5-19) | |
| Accounting for Accounts Receivable (pg. 1.5-20) | |
| Analysis of Accounts Receivable-Magnitude (pg. 1.5-21) | |
| Analysis of Accounts Receivable-Quality (pg. 1.5-22) | |
| Review 5-5 (pg. 1.5-24) | |
| Expenses and Losses (pg. 1.5-25) | |
| Deductions from Income (pg. 1.5-25) | |
| Research and Development Expense (pg. 1.5-26) | |
| Provision (Benefit) for Taxes on Income (pg. 1.5-28) | |
| Discontinued Operations (pg. 1.5-28) | |
| Review 5-6 (pg. 1.5-30) | |
| Pro Forma Income Reporting (pg. 1.5-31) | |
| Regulation G Reconciliation (pg. 1.5-31) | |
| SEC Warnings about Pro Forma Numbers (pg. 1.5-32) | |
| Disclosures and Market Assessments (pg. 1.5-32) | |
| Review 5-7 (pg. 1.5-34) | |
| Global Accounting (pg. 1.5-35) | |
| Revenue Recognition (pg. 1.5-35) | |
| Accounts Receivable (pg. 1.5-35) | |
| Research and Development (pg. 1.5-35) | |
| Guidance Answers (pg. 1.5-35) | |
| Questions (pg. 1.5-35) | |
| Mini Exercises (pg. 1.5-36) | |
| Exercises (pg. 1.5-40) | |
| Problems (pg. 1.5-47) | |
| IFRS Applications (pg. 1.5-53) | |
| Management Applications (pg. 1.5-54) | |
| Ongoing Project (pg. 1.5-54) | |
| Solutions to Review Problems (pg. 1.5-55) | |
| Review 5-1-Solution (pg. 1.5-55) | |
| Review 5-2-Solution (pg. 1.5-55) | |
| Review 5-3-Solution (pg. 1.5-56) | |
| Review 5-4-Solution (pg. 1.5-56) | |
| Review 5-5-Solution (pg. 1.5-57) | |
| Review 5-6-Solution (pg. 1.5-57) | |
| Review 5-7-Solution (pg. 1.5-58) | |
| Module 6 Inventories, Accounts Payable, and Long-Term Assets (pg. 1.6-1) | |
| Preview (pg. 1.6-1) | |
| Inventory-Costing Methods (pg. 1.6-3) | |
| First-In, First-Out (FIFO) (pg. 1.6-4) | |
| Last-In, First-Out (LIFO) (pg. 1.6-5) | |
| Average Cost (AC) (pg. 1.6-5) | |
| Financial Statement Effects of Inventory Costing (pg. 1.6-7) | |
| Review 6-1 (pg. 1.6-8) | |
| Inventory-Reporting (pg. 1.6-8) | |
| Lower of Cost or Market (LCM) (pg. 1.6-8) | |
| LIFO Reserve Adjustments to Financial Statements (pg. 1.6-9) | |
| LIFO Liquidations (pg. 1.6-11) | |
| Review 6-2 (pg. 1.6-11) | |
| Inventory-Analysis Tools (pg. 1.6-12) | |
| Gross Profit Analysis (pg. 1.6-12) | |
| Days Inventory Outstanding and Inventory Turnover (pg. 1.6-13) | |
| Days Payable Outstanding (pg. 1.6-15) | |
| Cash Conversion Cycle (pg. 1.6-16) | |
| Review 6-3 (pg. 1.6-17) | |
| PPE Assets-Capitalization and Depreciation (pg. 1.6-17) | |
| Plant and Equipment (pg. 1.6-18) | |
| Research and Development Facilities and Equipment (pg. 1.6-19) | |
| Review 6-4 (pg. 1.6-20) | |
| PPE Assets-Sales, Impairments, and Restructuring (pg. 1.6-20) | |
| Asset Sales (pg. 1.6-20) | |
| Asset Impairments (pg. 1.6-21) | |
| Restructuring Costs (pg. 1.6-22) | |
| Review 6-5 (pg. 1.6-24) | |
| PPE Assets-Analysis Tools (pg. 1.6-25) | |
| PPE Turnover (pg. 1.6-25) | |
| PPE Useful Life (pg. 1.6-26) | |
| PPE Percent Used Up (pg. 1.6-27) | |
| Review 6-6 (pg. 1.6-27) | |
| Global Accounting (pg. 1.6-27) | |
| Inventory (pg. 1.6-27) | |
| Property, plant, and equipment (pg. 1.6-28) | |
| Research and Development (pg. 1.6-28) | |
| Restructuring (pg. 1.6-28) | |
| Guidance Answers (pg. 1.6-28) | |
| Questions (pg. 1.6-29) | |
| Mini Exercises (pg. 1.6-30) | |
| Exercises (pg. 1.6-32) | |
| Problems (pg. 1.6-38) | |
| IFRS Applications (pg. 1.6-40) | |
| Management Applications (pg. 1.6-42) | |
| Ongoing Project (pg. 1.6-42) | |
| Solutions to Review Problems (pg. 1.6-43) | |
| Review 6-1-Solution (pg. 1.6-43) | |
| Review 6-2-Solution (pg. 1.6-43) | |
| Review 6-3-Solution (pg. 1.6-44) | |
| Review 6-4-Solution (pg. 1.6-44) | |
| Review 6-5-Solution (pg. 1.6-44) | |
| Review 6-6-Solution (pg. 1.6-44) | |
| Module 7 Current and Long-Term Liabilities (pg. 1.7-1) | |
| Preview (pg. 1.7-1) | |
| Accrued Liabilities (pg. 1.7-3) | |
| Accrued Liabilities Defined (pg. 1.7-3) | |
| Accruals for Contractual Liabilities-Wages Payable Example (pg. 1.7-4) | |
| Accruals for Contractual Liabilities-Deferred Revenue Example (pg. 1.7-4) | |
| Accruals for Contingent Liabilities (pg. 1.7-5) | |
| Accruals for Contingent Liabilities-Warranties Example (pg. 1.7-5) | |
| Review 7-1 (pg. 1.7-7) | |
| Short-Term Debt (pg. 1.7-7) | |
| Accounting for Short-Term Debt (pg. 1.7-7) | |
| Current Maturities of Long-Term Debt (pg. 1.7-8) | |
| Review 7-2 (pg. 1.7-9) | |
| Long-Term Debt-Pricing (pg. 1.7-9) | |
| Pricing of Bonds Issued at Par (pg. 1.7-10) | |
| Pricing of Bonds Issued at a Discount (pg. 1.7-10) | |
| Pricing of Bonds Issued at a Premium (pg. 1.7-11) | |
| Effective Cost of Debt (pg. 1.7-11) | |
| Review 7-3 (pg. 1.7-13) | |
| Long-Term Debt-Reporting (pg. 1.7-13) | |
| Balance Sheet Reporting (pg. 1.7-13) | |
| Income Statement Reporting (pg. 1.7-14) | |
| Financial Statement Effects of Bond Repurchase (pg. 1.7-14) | |
| Review 7-4 (pg. 1.7-16) | |
| Quality of Debt (pg. 1.7-16) | |
| Credit Analysis (pg. 1.7-16) | |
| What Are Credit Ratings? (pg. 1.7-18) | |
| What Determines Credit Ratings? (pg. 1.7-18) | |
| Verizon Credit Rating Example (pg. 1.7-21) | |
| Why Credit Ratings Matter (pg. 1.7-23) | |
| Review 7-5 (pg. 1.7-24) | |
| Global Accounting (pg. 1.7-24) | |
| Appendix 7A: Time Value of Money (pg. 1.7-25) | |
| Present Value Concepts (pg. 1.7-25) | |
| Present Value of a Single Amount (pg. 1.7-25) | |
| Time Value of Money Tables (pg. 1.7-25) | |
| Present Value of an Annuity (pg. 1.7-26) | |
| Bond Valuation (pg. 1.7-27) | |
| Time Value of Money Computations Using a Calculator (pg. 1.7-28) | |
| Time Value of Money Computations Using Excel (pg. 1.7-28) | |
| Future Value Concepts Future Value of a Single Amount (pg. 1.7-30) | |
| Future Value of an Annuity (pg. 1.7-30) | |
| Review 7-6 (pg. 1.7-30) | |
| Appendix 7B: Amortization of Debt (pg. 1.7-31) | |
| Amortization of Discount (pg. 1.7-31) | |
| Amortization of Premium (pg. 1.7-32) | |
| Guidance Answers (pg. 1.7-32) | |
| Questions (pg. 1.7-32) | |
| Mini Exercises (pg. 1.7-33) | |
| Exercises (pg. 1.7-36) | |
| Problems (pg. 1.7-41) | |
| IFRS Applications (pg. 1.7-46) | |
| Management Applications (pg. 1.7-48) | |
| Solutions to Review Problems (pg. 1.7-48) | |
| Review 7-1-Solution (pg. 1.7-48) | |
| Review 7-2-Solution (pg. 1.7-49) | |
| Review 7-3-Solution (pg. 1.7-49) | |
| Review 7-4-Solution (pg. 1.7-49) | |
| Review 7-5-Solution (pg. 1.7-51) | |
| Review 7-6-Solution (pg. 1.7-51) | |
| Module 8 Stock Transactions, Dividends, and EPS (pg. 1.8-1) | |
| Preview (pg. 1.8-1) | |
| Stockholders’ Equity and Classes of Stock (pg. 1.8-3) | |
| Stockholders’ Equity Accounts (pg. 1.8-3) | |
| Statement of Stockholders’ Equity (pg. 1.8-5) | |
| Preferred Stock (pg. 1.8-6) | |
| Common Stock (pg. 1.8-7) | |
| Review 8-1 (pg. 1.8-8) | |
| Stock Transactions (pg. 1.8-9) | |
| Stock Issuance (pg. 1.8-9) | |
| Stock Repurchase (Treasury Stock) (pg. 1.8-10) | |
| Review 8-2 (pg. 1.8-12) | |
| Stock-Based Compensation (pg. 1.8-13) | |
| Characteristics of Stock-Based Compensation Plans (pg. 1.8-13) | |
| Analysis of Stock-Based Compensation Plans (pg. 1.8-13) | |
| Accounting for Stock-Based Compensation (pg. 1.8-14) | |
| Footnote Disclosures for Stock-Based Compensation (pg. 1.8-15) | |
| Review 8-3 (pg. 1.8-16) | |
| Dividends and Stock Splits (pg. 1.8-16) | |
| Cash Dividend Disclosures (pg. 1.8-17) | |
| Dividend Payout and Yield (pg. 1.8-17) | |
| Cash Dividends Financial Effects (pg. 1.8-17) | |
| Stock Split (pg. 1.8-18) | |
| Review 8-4 (pg. 1.8-19) | |
| Accumulated Other Comprehensive Income (pg. 1.8-19) | |
| AOCI Components (pg. 1.8-19) | |
| AOCI Disclosures and Interpretation (pg. 1.8-20) | |
| Review 8-5 (pg. 1.8-21) | |
| Convertible Securities (pg. 1.8-22) | |
| Convertible Securities Disclosures and Interpretation (pg. 1.8-22) | |
| Convertible Securities Financial Effects (pg. 1.8-23) | |
| Review 8-6 (pg. 1.8-23) | |
| Earnings per Share (EPS) (pg. 1.8-23) | |
| EPS Disclosures (pg. 1.8-24) | |
| Review 8-7 (pg. 1.8-25) | |
| Global Accounting (pg. 1.8-25) | |
| Appendix 8A: Stock-Based Compensation: Reporting and Analyzing (pg. 1.8-26) | |
| Employee Stock Purchase Plans (ESPP) (pg. 1.8-26) | |
| Stock Awards (pg. 1.8-27) | |
| Stock Options (pg. 1.8-27) | |
| Stock Appreciation Rights (SAR) (pg. 1.8-28) | |
| Summary of Share-Based Compensation (pg. 1.8-28) | |
| Analysis Implications (pg. 1.8-28) | |
| Guidance Answers (pg. 1.8-29) | |
| Questions (pg. 1.8-30) | |
| Mini Exercises (pg. 1.8-31) | |
| Exercises (pg. 1.8-34) | |
| Problems (pg. 1.8-39) | |
| IFRS Applications (pg. 1.8-48) | |
| Ongoing Project (pg. 1.8-50) | |
| Solutions to Review Problems (pg. 1.8-51) | |
| Review 8-1-Solution (pg. 1.8-51) | |
| Review 8-2-Solution (pg. 1.8-51) | |
| Review 8-3-Solution (pg. 1.8-52) | |
| Review 8-4-Solution (pg. 1.8-52) | |
| Review 8-5-Solution (pg. 1.8-52) | |
| Review 8-6-Solution (pg. 1.8-53) | |
| Review 8-7-Solution (pg. 1.8-53) | |
| Module 10 Leases, Pensions, and Income Taxes (pg. 1.10-1) | |
| Preview (pg. 1.10-1) | |
| Leases (pg. 1.10-3) | |
| New Lease Reporting Standard (pg. 1.10-3) | |
| Lessee Reporting Example-Microsoft Corporation (pg. 1.10-4) | |
| Lease Accounting (pg. 1.10-5) | |
| Summary of Lease Accounting and Reporting (pg. 1.10-9) | |
| Analysis Issues Relating to Leases (pg. 1.10-10) | |
| Review 10-1 (pg. 1.10-11) | |
| Pensions (pg. 1.10-11) | |
| Defined Benefit Pension Plans on the Balance Sheet (pg. 1.10-12) | |
| Analysis Issue-Sufficiency of Plan Assets to Pay Pension Obligations (pg. 1.10-13) | |
| Defined Benefit Pension Plans on the Income Statement (pg. 1.10-15) | |
| Pension Expense Smoothing (pg. 1.10-16) | |
| Fair Value Accounting for Pensions (pg. 1.10-19) | |
| Footnote Disclosure-Key Assumptions (pg. 1.10-21) | |
| Analysis Implications (pg. 1.10-22) | |
| Other Post-Employment Benefits (OPEB) (pg. 1.10-23) | |
| Review 10-2 (pg. 1.10-23) | |
| Income Taxes (pg. 1.10-24) | |
| Timing Differences Create Deferred Tax Assets and Liabilities (pg. 1.10-24) | |
| Disclosures for Income Taxes (pg. 1.10-29) | |
| Analysis of Income Tax Disclosures (pg. 1.10-30) | |
| Expanded Explanation of Deferred Taxes (pg. 1.10-31) | |
| Review 10-3 (pg. 1.10-33) | |
| Global Accounting (pg. 1.10-35) | |
| Leases (pg. 1.10-35) | |
| Pensions (pg. 1.10-35) | |
| Income Taxes (pg. 1.10-35) | |
| Appendix 10A: Lease Accounting Example- Finance and Operating Leases (pg. 1.10-35) | |
| Questions (pg. 1.10-36) | |
| Mini Exercises (pg. 1.10-37) | |
| Exercises (pg. 1.10-42) | |
| Problems (pg. 1.10-50) | |
| IFRS Applications (pg. 1.10-59) | |
| Ongoing Project (pg. 1.10-61) | |
| Solutions to Review Problems (pg. 1.10-61) | |
| Review 10-1-Solution (pg. 1.10-61) | |
| Review 10-2-Solution (pg. 1.10-62) | |
| Review 10-3-Solution (pg. 1.10-62) | |
| Module 11 Cash Flows (pg. 1.11-1) | |
| Preview (pg. 1.11-2) | |
| Framework for Statement of Cash Flows (pg. 1.11-3) | |
| Relation Among Financial Statements (pg. 1.11-3) | |
| Statement of Cash Flows Structure (pg. 1.11-4) | |
| Operating Activities Preview (pg. 1.11-5) | |
| Investing Activities Preview (pg. 1.11-8) | |
| Financing Activities Preview (pg. 1.11-8) | |
| Review 11-1 (pg. 1.11-8) | |
| Cash Flow from Operating Activities (pg. 1.11-9) | |
| Steps to Compute Net Cash Flow from Operating Activities (pg. 1.11-10) | |
| Java House Case Illustration (pg. 1.11-11) | |
| Review 11-2 (pg. 1.11-15) | |
| Computing Cash Flows from Investing Activities (pg. 1.11-16) | |
| Analyze Remaining Noncash Assets (pg. 1.11-16) | |
| Java House Case Illustration (pg. 1.11-16) | |
| Review 11-3 (pg. 1.11-18) | |
| Cash Flows from Financing Activities (pg. 1.11-18) | |
| Analyze Remaining Liabilities and Equity (pg. 1.11-18) | |
| Java House Case Illustration (pg. 1.11-18) | |
| Review 11-4A (pg. 1.11-19) | |
| Computing Cash Flows from Balance Sheet Accounts (pg. 1.11-19) | |
| Supplemental Disclosures for the Indirect Method (pg. 1.11-20) | |
| Review 11-4B (pg. 1.11-21) | |
| Analysis of Cash Flow Information (pg. 1.11-21) | |
| Cash Flow Components (pg. 1.11-21) | |
| Cash Flow Patterns (pg. 1.11-23) | |
| Usefulness of the Statement of Cash Flows (pg. 1.11-25) | |
| Review 11-5 (pg. 1.11-27) | |
| Ratio Analyses of Cash Flows (pg. 1.11-27) | |
| Free Cash Flow (pg. 1.11-28) | |
| Review 11-6 (pg. 1.11-29) | |
| Appendix 11A: Direct Method Reporting for Statement of Cash Flows (pg. 1.11-29) | |
| Cash Flows from Operating Activities (pg. 1.11-29) | |
| Converting Revenues and Expenses to Cash Flows (pg. 1.11-29) | |
| Java House Case Illustration (pg. 1.11-29) | |
| Convert Sales to Cash Received from Customers (pg. 1.11-30) | |
| Convert Cost of Goods Sold to Cash Paid for Merchandise Purchased (pg. 1.11-30) | |
| Convert Wages Expense to Cash Paid to Employees (pg. 1.11-31) | |
| Convert Insurance Expense to Cash Paid for Insurance (pg. 1.11-31) | |
| Eliminate Depreciation Expense and Other Noncash Operating Expenses (pg. 1.11-31) | |
| Convert Income Tax Expense to Cash Paid for Income Taxes (pg. 1.11-31) | |
| Omit Gains and Losses Related to Investing and Financing Activities (pg. 1.11-31) | |
| Cash Flows from Investing and Financing (pg. 1.11-32) | |
| Supplemental Disclosures (pg. 1.11-32) | |
| Review 11-7 (pg. 1.11-32) | |
| Guidance Answers (pg. 1.11-32) | |
| Questions (pg. 1.11-33) | |
| Mini Exercises (pg. 1.11-34) | |
| Exercises (pg. 1.11-37) | |
| Problems (pg. 1.11-43) | |
| IFRS Applications (pg. 1.11-55) | |
| Solutions to Review Problems (pg. 1.11-56) | |
| Review 11-1-Solution (pg. 1.11-56) | |
| Review 11-2-Solution (pg. 1.11-56) | |
| Review 11-3-Solution (pg. 1.11-57) | |
| Review 11-4A-Solution (pg. 1.11-57) | |
| Review 11-4B-Solution (pg. 1.11-57) | |
| Review 11-5-Solution (pg. 1.11-57) | |
| Review 11-6-Solution (pg. 1.11-58) | |
| Review 11-7-Solution (pg. 1.11-58) | |
| Module 15 Cost Behavior, Activity Analysis, and Cost Estimation (pg. 1.15-1) | |
| Preview (pg. 1.15-1) | |
| Cost Behavior Analysis (pg. 1.15-3) | |
| Four Basic Cost Behavior Patterns (pg. 1.15-3) | |
| Factors Affecting Cost Behavior Patterns (pg. 1.15-5) | |
| Review 15-1 (pg. 1.15-5) | |
| Total Cost Function for an Organization or Segment (pg. 1.15-6) | |
| Relevant Range (pg. 1.15-7) | |
| Additional Cost Behavior Patterns (pg. 1.15-8) | |
| Committed and Discretionary Fixed Costs (pg. 1.15-10) | |
| Review 15-2 (pg. 1.15-11) | |
| Cost Estimation (pg. 1.15-11) | |
| High-Low Cost Estimation (pg. 1.15-11) | |
| Scatter Diagrams (pg. 1.15-13) | |
| Least-Squares Regression (pg. 1.15-14) | |
| Review 15-3 (pg. 1.15-16) | |
| Additional Issues in Cost Estimation (pg. 1.15-17) | |
| Changes in Technology and Prices (pg. 1.15-17) | |
| Matching Activity and Costs (pg. 1.15-17) | |
| Identifying Activity Cost Drivers (pg. 1.15-18) | |
| Alternative Cost Driver Classifications (pg. 1.15-18) | |
| Manufacturing Cost Hierarchy (pg. 1.15-19) | |
| Customer Cost Hierarchy (pg. 1.15-20) | |
| Review 15-5 (pg. 1.15-21) | |
| Guidance Answers (pg. 1.15-21) | |
| Questions (pg. 1.15-22) | |
| Mini Exercises (pg. 1.15-22) | |
| Exercises (pg. 1.15-24) | |
| Problems (pg. 1.15-27) | |
| Management Applications (pg. 1.15-29) | |
| Solutions to Review Problems (pg. 1.15-32) | |
| Review 15-1-Solution (pg. 1.15-32) | |
| Review 15-2-Solution (pg. 1.15-32) | |
| Review 15-3-Solution (pg. 1.15-33) | |
| Review 15-4-Solution (pg. 1.15-33) | |
| Review 15-5-Solution (pg. 1.15-33) | |
| Module 16 Cost-Volume-Profit Analysis and Planning (pg. 1.16-1) | |
| Preview (pg. 1.16-1) | |
| Cost-Volume-Profit Analysis (pg. 1.16-3) | |
| Key Assumptions (pg. 1.16-3) | |
| Profit Formula (pg. 1.16-5) | |
| Review 16-1 (pg. 1.16-6) | |
| Contribution and Functional Income Statements (pg. 1.16-7) | |
| Contribution Income Statement (pg. 1.16-7) | |
| Functional Income Statement (pg. 1.16-7) | |
| Analysis Using Contribution Margin Ratio (pg. 1.16-8) | |
| Review 16-2 (pg. 1.16-8) | |
| Break-Even Point and Profit Planning (pg. 1.16-9) | |
| Determining Break-Even Point in Units (pg. 1.16-9) | |
| Profit Planning (pg. 1.16-10) | |
| Cost-Volume-Profit Graph (pg. 1.16-11) | |
| Profit-Volume Graph (pg. 1.16-11) | |
| Impact of Income Taxes (pg. 1.16-13) | |
| Review 16-3 (pg. 1.16-14) | |
| Multiple-Product Cost-Volume-Profit Analysis (pg. 1.16-15) | |
| Determining Break-Even and Target Profit Sales Dollars (pg. 1.16-15) | |
| Sales Mix Analysis (pg. 1.16-15) | |
| Review 16-4 (pg. 1.16-18) | |
| Analysis of Operating Leverage (pg. 1.16-18) | |
| Review 16-5 (pg. 1.16-20) | |
| Appendix 16A: Profitability Analysis with Unit and Nonunit Cost Drivers (pg. 1.16-21) | |
| Multi-Level Contribution Income Statement (pg. 1.16-21) | |
| Variations in Multi-Level Contribution Income Statement (pg. 1.16-23) | |
| Review 16-6 (pg. 1.16-24) | |
| Guidance Answers (pg. 1.16-24) | |
| Questions (pg. 1.16-24) | |
| Mini Exercises (pg. 1.16-24) | |
| Exercises (pg. 1.16-26) | |
| Problems (pg. 1.16-30) | |
| Management Applications (pg. 1.16-35) | |
| Solutions to Review Problems (pg. 1.16-36) | |
| Review 16-1-Solution (pg. 1.16-36) | |
| Review 16-2-Solution (pg. 1.16-36) | |
| Review 16-3-Solution (pg. 1.16-37) | |
| Review 16-4-Solution (pg. 1.16-37) | |
| Review 16-5-Solution (pg. 1.16-38) | |
| Review 16-6-Solution (pg. 1.16-38) | |
| Module 22 Operational Budgeting and Profit Planning (pg. 1.22-1) | |
| Preview (pg. 1.22-1) | |
| Reasons for Budgeting (pg. 1.22-3) | |
| Compel Planning (pg. 1.22-3) | |
| Promote Communication and Coordination (pg. 1.22-3) | |
| Provide a Guide to Action and Basis of Evaluation (pg. 1.22-3) | |
| Aid in Risk Management (pg. 1.22-3) | |
| Review 22-1 (pg. 1.22-4) | |
| General Approaches to Budgeting (pg. 1.22-4) | |
| Output/Input Approach (pg. 1.22-5) | |
| Activity-Based Approach (pg. 1.22-5) | |
| Incremental Approach (pg. 1.22-5) | |
| Minimum Level Approach (pg. 1.22-5) | |
| Review 22-2 (pg. 1.22-6) | |
| Master Budget (pg. 1.22-7) | |
| Sales Budget (pg. 1.22-9) | |
| Purchases Budget (pg. 1.22-10) | |
| Selling Expense Budget (pg. 1.22-10) | |
| General and Administrative Expense Budget (pg. 1.22-11) | |
| Cash Budget (pg. 1.22-11) | |
| Budgeted Financial Statements (pg. 1.22-13) | |
| Finalizing the Budget (pg. 1.22-14) | |
| Review 22-3 (pg. 1.22-15) | |
| Budget Development in Manufacturing Organizations (pg. 1.22-16) | |
| Production Budget (pg. 1.22-16) | |
| Manufacturing Cost Budget (pg. 1.22-16) | |
| Review 22-4 (pg. 1.22-19) | |
| Budget Development and Manager Behavior (pg. 1.22-20) | |
| Employee Participation (pg. 1.22-20) | |
| Budgeting Periods (pg. 1.22-21) | |
| Forecasts (pg. 1.22-21) | |
| Ethics (pg. 1.22-22) | |
| Open Book Management (pg. 1.22-22) | |
| Bookmark 34 (pg. 1.22-23) | |
| Guidance Answers (pg. 1.22-23) | |
| Questions (pg. 1.22-23) | |
| Mini Exercises (pg. 1.22-24) | |
| Exercises (pg. 1.22-26) | |
| Problems (pg. 1.22-30) | |
| Management Applications (pg. 1.22-35) | |
| Solutions to Review Problems (pg. 1.22-37) | |
| Review 22-1-Solution (pg. 1.22-37) | |
| Review 22-2-Solution (pg. 1.22-38) | |
| Review 22-3-Solution (pg. 1.22-38) | |
| Review 22-4-Solution (pg. 1.22-40) | |
| Review 22-5-Solution (pg. 1.22-42) | |
| Appendix A Compound Interest Tables (pg. 1.A-1) | |
Peter D. Easton
Peter D. Easton is an expert in accounting and valuation and holds the Notre Dame Alumni Chair in Accountancy in the Mendoza College of Business.
Professor Easton’s expertise is widely recognized by the academic research community and by the legal community. Professor Easton frequently serves as a consultant on accounting and valuation issues in federal and state courts.
Professor Easton holds undergraduate degrees from the University of Adelaide and the University of South Australia. He holds a graduate degree from the University of New England and a PhD in Business Administration (majoring in accounting and finance) from the University of California, Berkeley.
Professor Easton’s research on corporate valuation has been published in the Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, Review of Accounting Studies, and Journal of Business Finance and Accounting.
Professor Easton has served as an associate editor for 11 leading accounting journals and he is currently an associate editor for the Journal of Accounting Research, Journal of Business Finance and Accounting, and Journal of Accounting, Auditing, and Finance. He is an editor of the Review of Accounting Studies.
Professor Easton has held appointments at the University of Chicago, the University of California at Berkeley, Ohio State University, Macquarie University, the Australian Graduate School of Management, the University of Melbourne, Tilburg University, National University of Singapore, Seoul National University, and Nyenrode University. He is the recipient of numerous awards for excellence in teaching and in research. Professor Easton regularly teaches accounting analysis and security valuation to MBAs. In addition, Professor Easton has taught managerial accounting at the graduate level.
| Financial & Managerial Accounting for MBAs, 6e (Easton, Halsey, McAnally) | |
|---|---|
|
Errata Last Updated: Oct 30 2023 |
Corrections to identified errors in the first printing of the text. |
|
Appendix C Last Updated: Sep 16 2020 |
Appendix C: Comprehensive Case / Harley-Davidson |
|
Excel Templates - Students Last Updated: Nov 14 2022 |
Excel templates for use with the Module Reviews associated with the financial modules of the text. |
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