by Henry Dauderis (Author), David Annand (Author), Donna Marchand (Author), Lyryx Learning (Contributor)
About this Book
This text is intended for a first course in introductory financial accounting. It follows the Generally Accepted Accounting Principles (GAAP) used in the United States. It focuses on core Introductory Financial Accounting topics that match pre-requisite requirements for students advancing to Intermediate Financial Accounting. Excluded are advanced topics that are covered in Intermediate Financial Accounting, such as leases and bond amortization. The text takes a corporate approach (vs. beginning with a sole proprietorship emphasis and then converting to a corporate approach); this consistency throughout the book reduces confusion for the introductory student.
The book covers all essential topics: the accounting cycle, merchandising, assigning costs to inventory, cash and receivables, property, plant and equipment, debt financing, equity financing, statement of cash flows, financial statement analysis, and proprietorships and partnerships.
Additionally, this version of the open text is supported by Lyryx Learning, offering at an affordable price editorial services to develop and adapt the content, formative online assessment, course supplements, and daily support to both the students and instructors.
Brief Contents
1 Introduc􀆟on to Financial Accounting 1
2 The Accounting Process 45
3 Financial Accounting and Adjusting Entries 87
4 The Classified Balance Sheet and Related Disclosures 143
5 Accounting for the Sale of Goods 171
6 Assigning Costs to Merchandise 207
7 Cash and Receivables 251
8 Long-lived Assets 293
9 Debt Financing: Current and Long-term Liabilities 333
10 Equity Financing 369
11 The Statement of Cash Flows 403
12 Financial Statement Analysis 443
13 Proprietorships and Partnerships 483
Solutions To Discussion Questions 503
Solutions To Exercises 535
Solutions To Problems 667
Pages: 332
Publisher: Independently published (January 30, 2019)
Language: English
ISBN-10: 1795511516
ISBN-13: 978-1795511513
Independently__Introduction to Financial Accounting Adapted for US GAAP.pdf
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