NOT IN USE - Custom Entrepreneurial Accounting (Notre Dame)

by Easton

ISBN: 978-1-61853-465-1 | Copyright 2022

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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 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)
Peter D. Easton

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.