1 Accounting in Action 1-1

2 The Recording Process 2-1

3 Adjusting the Accounts 3-1

4 Completing the Accounting Cycle 4-1

5 Accounting for Merchandise Operations 5-1

6 Inventories 6-1

7 Accounting Information Systems 7-1

8 Fraud, Internal Control, and Cash 8-1

9 Accounting for Receivables 9-1

10 Plant Assets, Natural Resources, and Intangible Assets 10-1

11 Current Liabilities 11-1

12 Accounting for Partnerships 12-1

13 Corporations: Organization and Share Capital Transactions 13-1

14 Corporations: Dividends, Retained Earnings, and Income Reporting 14-1

15 Non-Current Liabilities 15-1

16 Investments 16-1

17 Statement of Cash Flows 17-1

18 Financial Analysis: The Big Picture 18-1

19 Managerial Accounting 19-1

20 Job Order Costing 20-1

21 Process Costing 21-1

22 Cost-Volume-Profit 22-1

23 Incremental Analysis 23-1

24 Budgetary Planning 24-1

25 Budgetary Control and Responsibility Accounting 25-1

26 Standard Costs and Balanced Scorecard 26-1

27 Planning for Capital Investments 27-1

Appendices

A Specimen Financial Statements: TSMC, Ltd. A-1

B Specimen Financial Statements: Nestlé SA B-1

C Specimen Financial Statements: Delfi Limited C-1

D Specimen Financial Statements: Apple Inc. D-1

E Time Value of Money E-1

F Just-in-Time Processing and Activity-Based Costing F-1

Company Index / Subject Index I-1