Table of Content
Section 1: The Balance Sheet - Assets: What Do I Own? Chapter 1. Cash a. Financial Statement Presentation b. Internal Controls c. Bank Reconciliations Chapter 2. Inventory a. Financial Statement Presentation b. Internal Controls c. FIFO, LIFO, Average Cost, Specific Identification d. Estimation Methods (Gross Profit, Retail Method) Chapter 3. Long Term Receivables a. Financial Statement Presentation b. Internal Controls c. Journal Entries Chapter 4. Investments a. Financial Statement Presentation b. Internal Controls c. Fair Value vs. Cost d. Investments in Temporary Securities e. Investments in Available For Sale Securities f. Investments in Debt Held to Maturity Chapter 5. Property, Plant, and Equipment a. Financial Statement Presentation b. Internal Controls c. Acquisition Methods d. Costs After Acquisition e. Depreciation, Depletion Chapter 6. Intangibles a. Financial Statement Presentation b. Internal Controls c. Acquisition Methods d. Costs After Acquisition e. Amortization Section 2: The Balance Sheet - Liabilities: What Do I Owe? Chapter 7. Current Liabilities a. Financial Statement Presentation b. Internal Controls c. Contingencies Chapter 8. Long Term Liabilities a. Financial Statement Presentationb. Internal Controlsc. Bonds Payable (Issued at par, premium, discount; Amortization of premium and discounts) Section 3: The Balance Sheet - Stockholder''s Equity: What Is Left Over? Chapter 9. Contributed Capital a. Financial Statement Presentation b. Internal Controls c. Common Stock (Characteristics; Journal Entries for Issuance) d. Preferred Stock (Characteristics; Journal Entries for Issuance) e. Treasury Stock (Par Value Method; Cost Method) f. Compensatory Stock Options Chapter 10. Earnings Per Share a. Financial Statement Presentation b. Capital Structures c. Basic EPS d. Diluted EPS Chapter 11. Retained Earnings a. Financial Statement Presentation b. Dividends (Cash Dividends; Property Dividends; Scrip Dividends; Stock Dividends; Liquidating Dividends) Section 4: The Income Statement: How Much Have I Earned? Chapter 12. Income Measurement a. Financial Statement Presentationb. Internal Controlsc. General Rule (Cash Basis; Accrual Basis)d. Exceptions to the General Rule (Revenue Recognized Prior to Sale--Percentage of Completion Method & Completed Contract Method; Revenue Recognized After the Sale--Installment Method & Cost Recovery Method) Chapter 13. Income Taxes a. Financial Statement Presentation b. Permanent Differences c. Temporary Differences d. Deferred Tax Assets e. Deferred Tax Liabilities Chapter 14. Pensions a. Financial Statement Presentation b. Defined Benefit Pension Plans c. Defined Contribution Pension Plans Chapter 15. Leases a. Financial Statement Presentation b. Operating Lease c. Capital Lease from the Lessee''s Perspective d. Capital Lease from the Lessor''s Perspective e. Sale Leaseback Section 5: The Statement of Cash Flows: Where''s the Cash? Chapter 16. Statement of Cash Flows a. Financial Statement Presentation b. Indirect Method c. Direct Method Section 6: Additional Tough Topics Made Easy Chapter 17. Accounting Changes and Errors a. Financial Statement Presentationb. Types of Accounting Changes and Errors (Change in Accounting Principle--General Rule and Exceptions to the General Rule; Change in Estimate; Errors) Chapter 18. International Accounting Standards a. Current Status
