Financial reporting and analysis with olc and powerweb

Financial Reporting and Analysis, 1e, by David Guenther was written for instructors wanting to emphasize a more conceptual framework to their intermediate accounting course. Financial Reporting and Analysis examines financial reporting through the lens of economic theory, giving students a way of understanding how all the rules relate to each other, and to the overall goal of financial reporting. This text also provides students with how financial information is used, giving students a better framework about how particular rules relate to the whole structure of financial reporting. Finally, David Guenther wrote this text to be rigorous in terms of topic coverage, while at the same time avoiding much of the detail that seems to overwhelm students. While reviewing you will find that we did not strip down or simplify a traditional intermediate accounting text, but rather challenge students with concepts and ideas rather than details and rules.

Chapter 1: The Economics of Accounting Information Chapter 2: Accrual Accounting and the Income Statement Chapter 3: The Balance Sheet: Market Value versus Historical Cost Chapter 4: The Cash Flows Statement and the Importance of Cash Flows Chapter 5: Notes Receivable, Notes Payable, and the Time Value of Money Chapter 6: Timely Reporting: Recognizing Future Bad News Early Chapter 7: Product Costs: Inventories and Cost of Goods Sold Chapter 8: Allocating the Cost of Property and Equipment Chapter 9: Accounting for Income Taxes Chapter 10: Investments in Intangible Assets Chapter 11: Investments in Other Companies Chapter 12: Investments in Leased Assets Chapter 13: Financial Instruments and Derivative Securities Chapter 14: Pension and Other Postemployment Benefits Chapter 15: Shareholders' Equity Chapter 16: Earnings Management APPENDIXES A: Who Makes Accounting Standards and Why Do They Do It? B: Recording Accounting Transactions INDEX