Custom BUAD 205 Accounting for Decision Making (Roanoke College)
by DeFond, Christensen
ISBN: 978-1-61853-579-5 | Copyright 2023
Instructor Requests
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| Financial Accounting for Decision Makers, 3e (pg. 1.2) | |
| Chapter 1: Financial Accounting and Business Decisions (pg. 1.2) | |
| What the Numbers Mean (pg. 1.2) | |
| Business Organization (pg. 1.4) | |
| Review 1.1 (pg. 1.5) | |
| Activities of a Business (pg. 1.5) | |
| Operating Activities (pg. 1.5) | |
| Investing Activities (pg. 1.5) | |
| Financing Activities (pg. 1.6) | |
| Review 1.2 (pg. 1.6) | |
| Accounting Information and Its Use (pg. 1.6) | |
| External Users of Accounting (pg. 1.7) | |
| Internal Users of Accounting (pg. 1.8) | |
| Review 1.3 (pg. 1.8) | |
| Ethics and Accounting (pg. 1.8) | |
| Review 1.4 (pg. 1.9) | |
| The Accounting Process (pg. 1.10) | |
| Generally Accepted Accounting Principles (pg. 1.10) | |
| International Financial Reporting Standards (pg. 1.11) | |
| Review 1.5 (pg. 1.11) | |
| Financial Statements (pg. 1.12) | |
| Balance Sheet (pg. 1.12) | |
| Income Statement (pg. 1.13) | |
| Statement of Stockholders’ Equity (pg. 1.14) | |
| Statement of Cash Flows (pg. 1.16) | |
| Relations Among the Financial Statements (pg. 1.17) | |
| Review 1.6 (pg. 1.18) | |
| Additional Information (pg. 1.18) | |
| Management Discussion and Analysis (pg. 1.18) | |
| Notes to Financial Statements (pg. 1.19) | |
| Auditor’s Report (pg. 1.19) | |
| Review 1.7 (pg. 1.20) | |
| Accounting and Technology (pg. 1.20) | |
| Data Analytics and Data Visualization (pg. 1.20) | |
| Blockchain (pg. 1.20) | |
| Review 1.8 (pg. 1.21) | |
| Summary of Learning Objectives (pg. 1.21) | |
| Key Terms (pg. 1.23) | |
| Self-Study Questions (pg. 1.24) | |
| Questions (pg. 1.25) | |
| Data Analytics (pg. 1.26) | |
| Short Exercises (pg. 1.26) | |
| Exercises (pg. 1.28) | |
| Problems (pg. 1.30) | |
| Serial Problem: Angel City Greetings (pg. 1.34) | |
| Beyond The Numbers (pg. 1.34) | |
| Answers to Self-Study Questions (pg. 1.37) | |
| Review Solutions (pg. 1.37) | |
| Chapter 2: Processing Accounting Information (pg. 1.40) | |
| Score! (pg. 1.40) | |
| Accounting Cycle (pg. 1.42) | |
| Review 2.1 (pg. 1.43) | |
| Analyze Transactions (pg. 1.43) | |
| Accounting Equation Expanded (pg. 1.43) | |
| Record Transactions (pg. 1.44) | |
| Transaction 1. Issued Stock (pg. 1.44) | |
| Transaction 2. Paid Rent in Advance (pg. 1.45) | |
| Transaction 3. Purchased Office Supplies on Account (pg. 1.45) | |
| Transaction 4. Signed Bank Note in Exchange for Cash (pg. 1.45) | |
| Transaction 5. Purchased Equipment with Cash (pg. 1.46) | |
| Transaction 6. Received Customer Prepayment (pg. 1.46) | |
| Transaction 8. Performed Services for Both Cash and on Account (pg. 1.47) | |
| Non-Accounting Transaction. Hired an Employee (pg. 1.47) | |
| Transaction 9. Paid Employee Wages (pg. 1.47) | |
| Transaction 10. Received Payment on Account from Customer (pg. 1.48) | |
| Transaction 11. Paid Cash Dividend (pg. 1.48) | |
| Transaction Summary (pg. 1.48) | |
| Review 2.2 (pg. 1.50) | |
| Transaction Analysis Template (pg. 1.51) | |
| Horizontal Worksheet for Transaction 7 (pg. 1.51) | |
| Transaction Analysis Template (TAT) for Transaction 7 (pg. 1.51) | |
| Review 2.3 (pg. 1.52) | |
| The “Account” System (pg. 1.52) | |
| Source Documents (pg. 1.52) | |
| Chart of Accounts (pg. 1.53) | |
| The General Ledger (pg. 1.53) | |
| Review 2.4 (pg. 1.53) | |
| Summary of Learning Objectives (pg. 1.54) | |
| Key Terms (pg. 1.54) | |
| Self-Study Questions (pg. 1.54) | |
| Questions (pg. 1.55) | |
| Data Analytics (pg. 1.56) | |
| Short Exercises (pg. 1.56) | |
| Exercises (pg. 1.57) | |
| Problems (pg. 1.60) | |
| Serial Problem: Angel City Greetings (pg. 1.64) | |
| Beyond the Numbers (pg. 1.65) | |
| Answers to Self-Study Questions (pg. 1.67) | |
| Review Solutions (pg. 1.68) | |
| Chapter 3: Accrual Basis of Accounting (pg. 1.70) | |
| Making Dough (pg. 1.70) | |
| Accrual Basis of Accounting (pg. 1.72) | |
| Revenue Recognition Principle (pg. 1.72) | |
| Expense Recognition (Matching) Principle (pg. 1.74) | |
| Review 3.1 (pg. 1.76) | |
| Accounting Adjustments (pg. 1.76) | |
| Types of Adjustments (pg. 1.77) | |
| Recognizing Previously Deferred Revenue (pg. 1.78) | |
| Recognizing Previously Deferred Expenses (pg. 1.79) | |
| Recognizing Accrued Revenue (pg. 1.81) | |
| Recognizing Accrued Expenses (pg. 1.82) | |
| Summary of Accounting Adjustments (pg. 1.83) | |
| Review 3.2 (pg. 1.84) | |
| Preparing The Financial Statements (pg. 1.84) | |
| Income Statement (pg. 1.86) | |
| Statement of Stockholders’ Equity (pg. 1.86) | |
| Balance Sheet (pg. 1.86) | |
| Statement of Cash Flows (pg. 1.86) | |
| Review 3.3 (pg. 1.87) | |
| Quality of Accounting Numbers (pg. 1.87) | |
| Close Temporary Accounts (pg. 1.88) | |
| Summary of the Accounting Cycle (pg. 1.88) | |
| Review 3.4 (pg. 1.89) | |
| Summary of Learning Objectives (pg. 1.89) | |
| Key Terms (pg. 1.90) | |
| Self-Study Questions (pg. 1.90) | |
| Questions (pg. 1.91) | |
| Data Analytics (pg. 1.92) | |
| Short Exercises (pg. 1.92) | |
| Exercises (pg. 1.93) | |
| Problems (pg. 1.96) | |
| Serial Problem: Angel City Greetings (pg. 1.100) | |
| Beyond The Numbers (pg. 1.101) | |
| Answers to Self-Study Questions (pg. 1.103) | |
| Review Solutions (pg. 1.103) | |
| Chapter 4: Understanding Accounting Information (pg. 1.108) | |
| Identifying a Win-Win Company (pg. 1.108) | |
| Financial Reporting Quality (pg. 1.110) | |
| Objectives of Financial Reporting (pg. 1.110) | |
| Qualities of Useful Accounting Information (pg. 1.111) | |
| Review 4.1 (pg. 1.112) | |
| Finding Financial Accounting Information (pg. 1.112) | |
| Review 4.2 (pg. 1.113) | |
| Balance Sheet Classification (pg. 1.113) | |
| Current Assets (pg. 1.113) | |
| Long-Term Assets (pg. 1.114) | |
| Current Liabilities (pg. 1.115) | |
| LongTerm Liabilities (pg. 1.116) | |
| Stockholders’ Equity (pg. 1.116) | |
| Presentation Format (pg. 1.116) | |
| Review 4.3 (pg. 1.117) | |
| Income Statement Classification (pg. 1.118) | |
| Review 4.4 (pg. 1.120) | |
| Working with Financial Statements (pg. 1.120) | |
| Ratio Analysis (pg. 1.120) | |
| Working with the Balance Sheet (pg. 1.121) | |
| Working with the Income Statement (pg. 1.123) | |
| Review 4.5 (pg. 1.124) | |
| Working with the Statement of Stockholders’ Equity (pg. 1.124) | |
| Review 4.6 (pg. 1.125) | |
| Working with the Statement of Cash Flows (pg. 1.125) | |
| Review 4.7 (pg. 1.126) | |
| Summary of Learning Objectives (pg. 1.127) | |
| Key Terms (pg. 1.128) | |
| Self-Study Questions (pg. 1.128) | |
| Questions (pg. 1.130) | |
| Data Analytics (pg. 1.130) | |
| Short Exercises (pg. 1.131) | |
| Exercises (pg. 1.133) | |
| Problems (pg. 1.134) | |
| Serial Problem: Angel City Greetings (pg. 1.137) | |
| Beyond the Numbers (pg. 1.138) | |
| Answers to Self-Study Questions (pg. 1.140) | |
| Review Solutions (pg. 1.140) | |
| Chapter 5: Internal Control and Cash (pg. 1.144) | |
| Wirecard Fraud (pg. 1.144) | |
| Fraud (pg. 1.146) | |
| Pressure (pg. 1.146) | |
| Rationalization (pg. 1.146) | |
| Opportunity (pg. 1.147) | |
| Review 5.1 (pg. 1.147) | |
| Internal Control (pg. 1.147) | |
| COSO Framework (pg. 1.147) | |
| Control Failures (pg. 1.149) | |
| The Sarbanes-Oxley Act (pg. 1.149) | |
| Review 5.2 (pg. 1.150) | |
| Accounting for Cash (pg. 1.150) | |
| Reporting Cash (pg. 1.151) | |
| Cash and Cash Equivalents (pg. 1.151) | |
| Review 5.3 (pg. 1.151) | |
| Internal Controls over Cash (pg. 1.151) | |
| Payments from Customers (pg. 1.152) | |
| Cash Disbursements (pg. 1.153) | |
| Bank Reconciliation (pg. 1.153) | |
| Review 5.4 (pg. 1.154) | |
| Effective Cash Management (pg. 1.154) | |
| Monitoring Cash (pg. 1.154) | |
| Primary Activities of Effective Cash Management (pg. 1.155) | |
| Review 5.5 (pg. 1.155) | |
| Appendix 5A: Auditing and Internal Control (pg. 1.156) | |
| Financial Statement Audits (pg. 1.156) | |
| Audit Procedures (pg. 1.156) | |
| The Audit Report (pg. 1.156) | |
| Operational Audits (pg. 1.157) | |
| Review 5.6 (pg. 1.157) | |
| Appendix 5B: Preparing the Bank Reconciliation (pg. 1.158) | |
| Bank Reconciliation Illustrated (pg. 1.159) | |
| Review 5.7 (pg. 1.162) | |
| Summary of Learning Objectives (pg. 1.162) | |
| Key Terms (pg. 1.164) | |
| Self-Study Questions (pg. 1.164) | |
| Questions (pg. 1.165) | |
| Data Analytics (pg. 1.166) | |
| Short Exercises (pg. 1.167) | |
| Exercises (pg. 1.168) | |
| Problems (pg. 1.169) | |
| Serial Problem: Angel City Greetings (pg. 1.172) | |
| Beyond The Numbers (pg. 1.173) | |
| Answers to Self-Study Questions (pg. 1.175) | |
| Review Solutions (pg. 1.175) | |
| Chapter 6: Receivables (pg. 1.178) | |
| MGM Resorts International-Managing Credit for Bigger Profits (pg. 1.178) | |
| Receivables (pg. 1.180) | |
| Accounts Receivable (pg. 1.180) | |
| Losses from Valuing Accounts Receivable (pg. 1.181) | |
| Allowance Method (pg. 1.182) | |
| Recording Estimated Bad Debt Expense Under the Allowance Method (pg. 1.182) | |
| Review 6.1 (pg. 1.183) | |
| Estimating Credit Losses (pg. 1.184) | |
| Percentage of Net Sales Method (pg. 1.184) | |
| Review 6.2 (pg. 1.185) | |
| Accounts Receivable Aging Method (pg. 1.185) | |
| Writing Off Specific Accounts Receivable under the Allowance Method (pg. 1.187) | |
| Review 6.3 (pg. 1.188) | |
| Recoveries of Accounts Written Off under the Allowance Method (pg. 1.188) | |
| Credit Card Sales (pg. 1.189) | |
| Review 6.4 (pg. 1.190) | |
| Notes Receivable (pg. 1.191) | |
| Interest on Notes Receivable (pg. 1.191) | |
| Adjusting Entry for Interest (pg. 1.193) | |
| Review 6.5 (pg. 1.193) | |
| Reporting Notes Receivable on the Balance Sheet (pg. 1.194) | |
| Review 6.6 (pg. 1.194) | |
| Analyzing and Managing Receivables (pg. 1.195) | |
| Review 6.7 (pg. 1.196) | |
| Summary of Learning Objectives (pg. 1.196) | |
| Key Terms (pg. 1.198) | |
| Self-Study Questions (pg. 1.198) | |
| Questions (pg. 1.199) | |
| Data Analytics (pg. 1.200) | |
| Short Exercises (pg. 1.201) | |
| Exercises (pg. 1.202) | |
| Problems (pg. 1.204) | |
| Serial Problem: Angel City Greetings (pg. 1.207) | |
| Beyond the Numbers (pg. 1.208) | |
| Answers to Self-Study Questions (pg. 1.210) | |
| Review Solutions (pg. 1.210) | |
| Chapter 7: Inventory (pg. 1.214) | |
| COSTCO (pg. 1.214) | |
| The Nature of Inventory (pg. 1.216) | |
| Categories of Inventory (pg. 1.217) | |
| Costs Included in Inventory (pg. 1.217) | |
| Inventory Management (pg. 1.218) | |
| Cost of Goods Sold (pg. 1.218) | |
| Physical Count of Inventory (pg. 1.219) | |
| Inventory Costing Systems (pg. 1.219) | |
| Review 7.1 (pg. 1.221) | |
| Inventory Costing Methods (pg. 1.221) | |
| Goods Flow vs. Cost Flow (pg. 1.221) | |
| Data for Illustration of Cost Flow Assumptions (pg. 1.222) | |
| Specific Identification Method (pg. 1.222) | |
| FirstIn, FirstOut (FIFO) Method (pg. 1.223) | |
| LastIn, FirstOut (LIFO) Method (pg. 1.223) | |
| Weighted-Average Cost Method (pg. 1.224) | |
| Inventory Costing Under the Perpetual Versus the Periodic Method (pg. 1.225) | |
| How Inventory Methods Affect the Financial Statements (pg. 1.225) | |
| How Managers Choose an Inventory Method (pg. 1.225) | |
| The Effects of Inventory Method Choice on Gross Profit Analysis (pg. 1.226) | |
| Review 7.2 (pg. 1.228) | |
| Lower of Cost or Net Realizable Value (pg. 1.230) | |
| Net Realizable Value (pg. 1.230) | |
| Review 7.3 (pg. 1.231) | |
| Inventory Analysis (pg. 1.231) | |
| Gross Profit Analysis (pg. 1.231) | |
| Review 7.4 (pg. 1.232) | |
| Inventory Turnover and Days’ Sales in Inventory (pg. 1.233) | |
| Review 7.5 (pg. 1.234) | |
| Review 7.6 (pg. 1.234) | |
| Appendix 7A: Inventory Costing using a Perpetual Inventory System (pg. 1.235) | |
| Specific Identification Method (pg. 1.235) | |
| FirstIn, FirstOut (FIFO) Method (pg. 1.236) | |
| LastIn, FirstOut (LIFO) Method (pg. 1.237) | |
| Weighted-Average Cost Method (pg. 1.238) | |
| Comparison of Inventory Costing Methods (pg. 1.239) | |
| Appendix 7B: LIFO Reserve (pg. 1.239) | |
| Summary of Learning Objectives (pg. 1.240) | |
| Key Terms (pg. 1.242) | |
| Self-Study Questions (pg. 1.242) | |
| Questions (pg. 1.243) | |
| Data Analytics (pg. 1.244) | |
| Short Exercises (pg. 1.245) | |
| Exercises (pg. 1.247) | |
| Problems (pg. 1.249) | |
| Serial Problem: Angel City Greetings (pg. 1.251) | |
| Beyond the Numbers (pg. 1.251) | |
| Answers to Self-Study Questions (pg. 1.253) | |
| Review Solutions (pg. 1.254) | |
| Chapter 8: Long-Lived Assets (pg. 1.256) | |
| Tesla Motors INc. (pg. 1.256) | |
| Overview of Long-Lived Assets (pg. 1.258) | |
| Accounting for Long-lived Assets (pg. 1.259) | |
| Acquisition Cost of Property, Plant and Equipment (pg. 1.259) | |
| Review 8.1 (pg. 1.261) | |
| Nature of Depreciation (pg. 1.261) | |
| Allocation versus Valuation: Depreciation Accounting (pg. 1.261) | |
| Calculating Depreciation Expense (pg. 1.262) | |
| Alternative Depreciation Methods (pg. 1.263) | |
| A Comparison of Depreciation Methods (pg. 1.265) | |
| Depreciation Method Estimate Changes (pg. 1.266) | |
| Revenue Expenditures Versus Capital Expenditures (pg. 1.267) | |
| Maintenance and Repairs (pg. 1.267) | |
| LowCost Items (pg. 1.267) | |
| Capital Expenditures (pg. 1.268) | |
| Review 8.3 (pg. 1.268) | |
| Disposals Of Property, Plant and Equipment (pg. 1.269) | |
| Sale of Property, Plant and Equipment (pg. 1.269) | |
| Review 8.4 (pg. 1.271) | |
| Intangible Assets (pg. 1.271) | |
| Measurement of Intangible Assets (pg. 1.271) | |
| Amortization refers to the periodic expensing of an intangible asset over its expected useful life. (pg. 1.272) | |
| Examples of Intangible Assets (pg. 1.272) | |
| Patents (pg. 1.272) | |
| Copyright (pg. 1.272) | |
| Franchises (pg. 1.272) | |
| Trademarks (pg. 1.273) | |
| Goodwill (pg. 1.273) | |
| Review 8.5 (pg. 1.274) | |
| Balance Sheet Presentation (pg. 1.274) | |
| Review 8.6 (pg. 1.274) | |
| Return on Assets and Asset Turnover (pg. 1.275) | |
| Review 8.7 (pg. 1.276) | |
| Summary of Learning Objectives (pg. 1.276) | |
| Key Terms (pg. 1.277) | |
| Self-Study Questions (pg. 1.278) | |
| Questions (pg. 1.279) | |
| Data Analytics (pg. 1.279) | |
| Short Exercises (pg. 1.281) | |
| Exercises (pg. 1.282) | |
| Problems (pg. 1.283) | |
| Serial Problem: Angel City Greetings (pg. 1.286) | |
| Beyond the Numbers (pg. 1.286) | |
| Answers to Self-Study Questions (pg. 1.289) | |
| Review Solutions (pg. 1.289) | |
| Chapter 9: Liabilities (pg. 1.290) | |
| Microsoft Corporation (pg. 1.290) | |
| Current Liabilities (pg. 1.292) | |
| Accounts Payable (pg. 1.292) | |
| Notes Payable and Interest (pg. 1.292) | |
| Accrued Interest Payable (pg. 1.294) | |
| Review 9.1 (pg. 1.295) | |
| Current Portion of LongTerm Debt (pg. 1.295) | |
| Income Taxes Payable (pg. 1.295) | |
| Unearned Revenue (pg. 1.295) | |
| Long-Term Liabilities (pg. 1.296) | |
| Advantages of Bonds and Long-Term Notes (pg. 1.296) | |
| Disadvantages of Bonds and Long-Term Notes (pg. 1.297) | |
| Types of Bonds (pg. 1.297) | |
| Bond Features (pg. 1.298) | |
| Bond Prices (pg. 1.299) | |
| Financial Statement Effect of Issuing Bonds (pg. 1.301) | |
| Review 9.2 (pg. 1.307) | |
| Review 9.3 (pg. 1.308) | |
| Long-Term Notes (Term Loans) (pg. 1.308) | |
| Leases (pg. 1.309) | |
| Accounting for Leases (pg. 1.309) | |
| Finance Leases (pg. 1.310) | |
| Operating Leases (pg. 1.310) | |
| Contingent Liabilities (pg. 1.310) | |
| Examples of Contingent Liabilities (pg. 1.311) | |
| Review 9.4 (pg. 1.314) | |
| Analyzing Liabilities (pg. 1.314) | |
| Current Ratio and Quick Ratio (pg. 1.314) | |
| Times-Interest-Earned Ratio (pg. 1.315) | |
| Review 9.5 (pg. 1.316) | |
| Appendix 9A: Interest Calculations Using Excel (pg. 1.316) | |
| Using an Electronic Spreadsheet (pg. 1.316) | |
| Summary of Learning Objectives (pg. 1.318) | |
| Key Terms (pg. 1.320) | |
| Self-Study Questions (pg. 1.320) | |
| Questions (pg. 1.321) | |
| Data Analytics (pg. 1.321) | |
| Short Exercises (pg. 1.322) | |
| Exercises (pg. 1.324) | |
| Problems (pg. 1.327) | |
| Serial Problem: Angel City Greetings (pg. 1.329) | |
| Beyond the Numbers (pg. 1.329) | |
| Answers to Self-Study Questions (pg. 1.332) | |
| Review Solutions (pg. 1.332) | |
| Chapter 10: Stockholders’ Equity (pg. 1.334) | |
| Amazon (pg. 1.334) | |
| Nature and Formation of a Corporation (pg. 1.336) | |
| Advantages of the Corporate Form of Organization (pg. 1.336) | |
| Disadvantages of the Corporate Form of Organization (pg. 1.338) | |
| Accounting for Equity in Alternative Organizational Forms (pg. 1.338) | |
| Review 10.1 (pg. 1.339) | |
| Par Value Stock and NoPar Value Stock (pg. 1.339) | |
| Types of Capital Stock (pg. 1.340) | |
| Common Stock (pg. 1.340) | |
| Preferred Stock (pg. 1.341) | |
| Review 10.2 (pg. 1.343) | |
| Stock Issuances for Cash (pg. 1.343) | |
| Issuing Stock at a Premium (pg. 1.343) | |
| Issuing No-Par Stock (pg. 1.344) | |
| Noncash Stock Issuances (pg. 1.344) | |
| Review 10.3 (pg. 1.345) | |
| Stock Splits (pg. 1.345) | |
| Accounting For Stock Repurchases (pg. 1.346) | |
| Accounting for Treasury Stock (pg. 1.346) | |
| Accounting for Repurchase and Retirement of Stock (pg. 1.347) | |
| Review 10.4 (pg. 1.348) | |
| Cash Dividends and Stock Dividends (pg. 1.349) | |
| Cash Dividends (pg. 1.349) | |
| Stock Dividends (pg. 1.350) | |
| Review 10.5 (pg. 1.351) | |
| Retained Earnings and the Statement of Stockholders’ Equity (pg. 1.351) | |
| Statement of Stockholders’ Equity (pg. 1.351) | |
| Review 10.6 (pg. 1.352) | |
| Review 10.7 (pg. 1.353) | |
| Analyzing Stockholders’ Equity (pg. 1.353) | |
| Return on Common Stockholders’ Equity (pg. 1.353) | |
| Dividend Yield and Dividend Payout Ratio (pg. 1.354) | |
| Review 10.8 (pg. 1.355) | |
| Summary of Learning Objectives (pg. 1.355) | |
| Key Terms (pg. 1.357) | |
| Self-Study Questions (pg. 1.357) | |
| Questions (pg. 1.358) | |
| Data Analytics (pg. 1.359) | |
| Short Exercises (pg. 1.360) | |
| Exercises (pg. 1.361) | |
| Problems (pg. 1.363) | |
| Serial Problem: Angel City Greetings (pg. 1.367) | |
| Beyond the Numbers (pg. 1.368) | |
| Answers to Self-Study Questions (pg. 1.370) | |
| Review Solutions (pg. 1.370) | |
| Chapter 12: Analysis and Interpretation of Financial Statements (pg. 1.414) | |
| FMCG (pg. 1.414) | |
| Persistent Earnings and the Income Statement (pg. 1.416) | |
| Discontinued Operations (pg. 1.418) | |
| Changes in Accounting Principles (pg. 1.418) | |
| Comprehensive Income (pg. 1.418) | |
| Review 12.1 (pg. 1.419) | |
| Sources of Information (pg. 1.419) | |
| Analytical Techniques (pg. 1.419) | |
| Horizontal Analysis (pg. 1.420) | |
| Trend Analysis (pg. 1.422) | |
| Review 12.2 (pg. 1.424) | |
| Vertical Analysis (pg. 1.424) | |
| Review 12.3 (pg. 1.425) | |
| Ratio Analysis (pg. 1.425) | |
| Analyzing Firm Profitability (pg. 1.427) | |
| Review 12.4 (pg. 1.429) | |
| Analyzing ShortTerm Firm Liquidity (pg. 1.429) | |
| Review 12.5 (pg. 1.434) | |
| Analyzing LongTerm Firm Solvency (pg. 1.434) | |
| Review 12.6 (pg. 1.436) | |
| Financial Ratios for Common Stockholders (pg. 1.436) | |
| Review 12.7 (pg. 1.438) | |
| Limitations of Financial Statement Analysis (pg. 1.438) | |
| Review 12.8 (pg. 1.439) | |
| Appendix 12A: Financial Statement Disclosures (pg. 1.440) | |
| Parenthetical Disclosures (pg. 1.440) | |
| Notes to the Financial Statements (pg. 1.440) | |
| Supplementary Information (pg. 1.442) | |
| Summary of Learning Objectives (pg. 1.443) | |
| Summary of Financial Statement Ratios (pg. 1.444) | |
| Key Terms (pg. 1.445) | |
| Self-Study Questions (pg. 1.446) | |
| Questions (pg. 1.447) | |
| Data Analytics (pg. 1.448) | |
| Short Exercises (pg. 1.449) | |
| Exercises (pg. 1.451) | |
| Problems (pg. 1.453) | |
| Serial Problem: Angel City Greetings (pg. 1.459) | |
| Beyond the Numbers (pg. 1.460) | |
| Answers to Self-Study Questions (pg. 1.465) | |
| Review Solutions (pg. 1.465) | |
| Appendix A: Columbia Sportswear: Financial Statements (pg. 1.A-1) | |
| Report of Independent Auditors (pg. 1.A-3) | |
| Financial Statements (pg. 1.A-6) | |
| Notes to Financial Statements (pg. 1.A-11) | |
| Report on Internal Control (pg. 1.A-36) | |
| Management’s Certification of Financial Statements (pg. 1.A-37) | |
| Supplemental Information (pg. 1.A-38) | |
| Selected Financial Data Including Earnings Per Share (pg. 1.A-39) | |
| Appendix B: Under Armour Financial Statements (pg. 1.B-1) | |
| Appendix C: The Language of Accountants: Debits and Credits (pg. 1.C-1) | |
| System of Debits and Credits (pg. 1.C-2) | |
| Illustration of the Recording Process (pg. 1.C-3) | |
| Summary Illustration of Journalizing and Posting Transactions (pg. 1.C-7) | |
| Trial Balance (pg. 1.C-9) | |
| Review C.1 (pg. 1.C-10) | |
| Accounting Adjustments (pg. 1.C-11) | |
| Recognizing Previously Deferred Revenue (pg. 1.C-11) | |
| Recognizing Previously Deferred Expenses (pg. 1.C-11) | |
| Recognizing Accrued Revenue (pg. 1.C-13) | |
| Recognizing Accrued Expenses (pg. 1.C-13) | |
| Summary of Accounting Adjustments (pg. 1.C-14) | |
| Review C.2 (pg. 1.C-16) | |
| Adjusted Trial Balance and Financial Statements (pg. 1.C-16) | |
| Preparing the Adjusted Trial Balance (pg. 1.C-17) | |
| Preparing Financial Statements (pg. 1.C-17) | |
| Review C.3 (pg. 1.C-19) | |
| Closing Process (pg. 1.C-19) | |
| Journalizing and Posting the Closing Entries (pg. 1.C-20) | |
| Summary of the Accounting Cycle (pg. 1.C-22) | |
| Review C.4 (pg. 1.C-22) | |
| Summary of Learning Objectives (pg. 1.C-23) | |
| Questions (pg. 1.C-24) | |
| Short Exercises (pg. 1.C-25) | |
| Exercises (pg. 1.C-26) | |
| Problems (pg. 1.C-27) | |
| Answers to Self-Study Questions (pg. 1.C-33) | |
| Review Solutions (pg. 1.C-33) | |
| Appendix F: Data Analytics and Blockchain Technology (pg. 1.F-1) | |
| Data Analytics (pg. 1.F-2) | |
| Big Data (pg. 1.F-2) | |
| Types of Data Analytics (pg. 1.F-2) | |
| Data Analytics in the Accounting Profession (pg. 1.F-3) | |
| The Analytics Mindset (pg. 1.F-4) | |
| Data Analytic Tools (pg. 1.F-5) | |
| Data Visualization (pg. 1.F-6) | |
| Blockchain Technology (pg. 1.F-10) | |
| Summary (pg. 1.F-12) | |
| Key Concepts and Terms (pg. 1.F-12) | |
| Video Resources For Tableau (pg. 1.F-13) | |
| Multiple Choice (pg. 1.F-13) | |
| Exercises (pg. 1.F-14) | |
| Problems (pg. 1.F-14) | |
| Managerial Accounting for Undergraduates, 2e (pg. 2.2) | |
| Chapter 1 Overview of Managerial Accounting (pg. 2.2) | |
| Introduction To Managerial Accounting (pg. 2.4) | |
| Managerial Accounting versus Financial Accounting (pg. 2.4) | |
| Objectives of Managerial Accounting (pg. 2.5) | |
| Your Turn! 1.1 (pg. 2.5) | |
| Types Of Business Entities (pg. 2.6) | |
| Your Turn! 1.2 (pg. 2.6) | |
| Major Trends In Business And Managerial Accounting (pg. 2.7) | |
| Outsourcing (pg. 2.7) | |
| Factory Automation (pg. 2.8) | |
| Just-in-Time Inventory Systems (pg. 2.8) | |
| Lean Manufacturing (pg. 2.9) | |
| Customer Profitability (pg. 2.9) | |
| Big Data and Predictive Analytics (pg. 2.10) | |
| Your Turn! 1.3 (pg. 2.10) | |
| Introducing Two New Companies (pg. 2.11) | |
| Fezzari-A U.S. Bicycle Manufacturer and Distributor (pg. 2.11) | |
| Environmental Business Consultants, LLC-A U.S. Service Firm (pg. 2.12) | |
| Careers In Managerial Accounting (pg. 2.13) | |
| Alternative Career Paths (pg. 2.13) | |
| Work/Life Balance (pg. 2.14) | |
| Your Turn! 1.4 (pg. 2.14) | |
| Professional Certifications (pg. 2.14) | |
| Certified Public Accountant (CPA) (pg. 2.14) | |
| Certified Management Accountant (CMA) (pg. 2.15) | |
| Other Professional Certifications (pg. 2.15) | |
| Your Turn! 1.5 (pg. 2.15) | |
| Summary of Learning Objectives (pg. 2.16) | |
| Key Terms (pg. 2.17) | |
| Self-Study Questions (pg. 2.17) | |
| Questions (pg. 2.18) | |
| Extending Your Knowledge (pg. 2.18) | |
| Answers to Self-Study Questions: (pg. 2.20) | |
| Your Turn! Solutions (pg. 2.20) | |
| Chapter 6 Cost-Volume-Profit Relationships (pg. 2.214) | |
| Cost Behavior Analysis (pg. 2.216) | |
| Selecting the Activity Basis (pg. 2.216) | |
| Cost-Volume Graphs (pg. 2.217) | |
| Classifications of Cost Behavior Patterns (pg. 2.218) | |
| Your Turn! 6.1 (pg. 2.219) | |
| Relevant Range (pg. 2.219) | |
| Your Turn! 6.2 (pg. 2.220) | |
| Analyzing Cost Behavior (pg. 2.220) | |
| Scattergraph Method (pg. 2.221) | |
| High-Low Method (pg. 2.221) | |
| Least Squares Regression Method (pg. 2.223) | |
| Analyzing Costs in Practice (pg. 2.224) | |
| Your Turn! 6.3 (pg. 2.225) | |
| Cost-Volume-Profit (CVP) Analysis (pg. 2.226) | |
| Break-Even Analysis (pg. 2.226) | |
| Your Turn! 6.4 (pg. 2.228) | |
| Contribution Margin Analysis (pg. 2.228) | |
| Your Turn! 6.5 (pg. 2.231) | |
| Planning For Profit (pg. 2.231) | |
| Desired Profit (pg. 2.231) | |
| Margin of Safety (pg. 2.233) | |
| Operating Leverage (pg. 2.233) | |
| Using Cost-Volume-Profit Relationships (pg. 2.237) | |
| Break-Even Analysis and Multiple Products (pg. 2.239) | |
| Cost-Volume-Profit Analysis for Retail Businesses (pg. 2.239) | |
| Your Turn! 6.6 (pg. 2.241) | |
| Service Industry in Focus (pg. 2.241) | |
| Comprehensive Problem (pg. 2.243) | |
| Summary of Learning Objectives (pg. 2.244) | |
| Key Terms (pg. 2.246) | |
| Self-Study Questions (pg. 2.247) | |
| Questions (pg. 2.247) | |
| Short Exercises (pg. 2.248) | |
| Exercises-Set A (pg. 2.249) | |
| Exercises-Set B (pg. 2.252) | |
| Problems-Set A (pg. 2.256) | |
| Problems-Set B (pg. 2.260) | |
| Extending Your Knowledge (pg. 2.265) | |
| Answers to Self-Study Questions: (pg. 2.265) | |
| Your Turn! Solutions (pg. 2.265) | |
| Chapter 9 Planning and Budgeting (pg. 2.334) | |
| The Planning Process (pg. 2.336) | |
| Strategic Planning (pg. 2.337) | |
| Operational Planning (pg. 2.338) | |
| Progress Measurement and Reporting (pg. 2.339) | |
| Your Turn! 9.1 (pg. 2.339) | |
| The Budgeting Process (pg. 2.339) | |
| Advantages of Budgeting (pg. 2.340) | |
| Elements of Effective Budgeting (pg. 2.340) | |
| Zero-Based Budgeting (pg. 2.341) | |
| Your Turn! 9.2 (pg. 2.343) | |
| The Framework of the Master Budget (pg. 2.343) | |
| Your Turn! 9.3 (pg. 2.344) | |
| Illustration of a Master Budget and its Components (pg. 2.344) | |
| Sales Budget (pg. 2.344) | |
| Production Budget (pg. 2.345) | |
| Direct Materials Budget (pg. 2.346) | |
| Direct Labor Budget (pg. 2.347) | |
| Manufacturing Overhead Budget (pg. 2.348) | |
| Selling and Administrative Expense Budget (pg. 2.349) | |
| Capital Expenditures Budget (pg. 2.350) | |
| Cash Budget (pg. 2.351) | |
| Illustration of a Service Firm’s Budgets (pg. 2.351) | |
| Your Turn! 9.4 (pg. 2.354) | |
| Budgeted Financial Statements (pg. 2.354) | |
| Your Turn! 9.5 (pg. 2.357) | |
| Services Industry in Focus (pg. 2.357) | |
| Comprehensive Problem (pg. 2.359) | |
| Summary of Learning Objectives (pg. 2.361) | |
| Key Terms (pg. 2.363) | |
| Self-Study Questions (pg. 2.363) | |
| Questions (pg. 2.364) | |
| Short Exercises (pg. 2.365) | |
| Exercises-Set A (pg. 2.367) | |
| Exercises-Set B (pg. 2.369) | |
| Problems-Set A (pg. 2.372) | |
| Problems-Set B (pg. 2.374) | |
| Extending Your Knowledge (pg. 2.377) | |
| Answers to Self-Study Questions: (pg. 2.378) | |
| Your Turn! Solutions (pg. 2.379) | |
Mark DeFond
Leventhal School of Accounting Marshall School of Business University of Southern California
Mark DeFond is A. N. Mosich Chair in Accounting and Professor of Accounting in the Leventhal School of Accounting at University of Southern California Marshall School of Business. He has taught financial accounting to a variety of audiences, including undergraduates, MBAs, and Executive MBAs. Professor DeFond earned his Ph.D. from the University of Washington and his B.A. from San Franicsco State University. He is widely published and his research is highly cited. Professor DeFond has served on the editorial boards of several leading academic journals and is a recipient of several research awards, including the Notable Contribution to Auditing Literature Award and the Mellon Award for Excellence in Mentoring Faculty. He has held visiting professorships at universities in Hong Kong and Singapore. He is also a CPA (inactive), a four time winner of the MBA Golden Apple teaching award, and was ranked among the ten most outstanding USC MBA faculty by BusinessWeek.
Theodore E. Christensen
Director and Terry Distinguished Chair of Business in the J.M. Tull School of Accounting at the University of Georgia (UGA).
Prior to coming to UGA, he was on the faculty at Brigham Young University from 2000-2015 and at Case Western Reserve University from 1995-2000. He was a visiting professor at the University of Michigan (2013-2014) and the University of Utah (2012) and has taught at Santa Clara University in a summer program since 2005. He received a B.S. degree in accounting from San Jose State University, an M.Acc. degree in tax from Brigham Young University, and a Ph.D. in accounting from the University of Georgia. Professor Christensen has authored and coauthored articles published in many journals, including The Accounting Review; the Journal of Accounting and Economics; the Journal of Accounting Research; Review of Accounting Studies; Contemporary Accounting Research; Accounting Organizations and Society; the Journal of Business Finance & Accounting; the Journal of Accounting, Auditing, and Finance; Accounting Horizons; and Issues in Accounting Education.| Financial Accounting for Decision Makers, 3e (DeFond) | |
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Errata Last Updated: Oct 23 2023 |
Corrections to identified errors in the first printing. |
| Managerial Accounting for Undergraduates, 2e (Christensen, Hobson, Wallace, Matthews) | |
|---|---|
|
Errata Last Updated: Jun 15 2022 |
Corrections to identified errors in the text. |
|
Excel Templates Last Updated: Dec 31 2019 |
Excel templates to use for identified end-of-chapter assignments. |
|
Practice Quizzes Last Updated: May 4 2021 |
Brief practice quizzes for each chapter. Includes solutions. |
|
Columbia Sportswear Company Last Updated: Jan 6 2020 |
Columbia Sportswear Company's 2017 10K Report |
|
General Mills Last Updated: Jan 6 2020 |
General Mills' 2017 10K Report |
|
Under Armour Last Updated: Jan 6 2020 |
Under Armour's 2017 10K Report |
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