Financial Accounting

Part 1 The accounting cycle: language of business; recording changes in financial position; measuring business income; year-end! Part 2 Merchandizing activities, accounting systems and financial statement analysis: accounting for merchanidizing activities; accounting systems, internal control and auditing; introduction to financial statement analysis and cash flows. Part 3 Accounting for assets: financial assets; inventories and the cost of goods sold; plant assets and depreciation. Part 4 Accounting for liabilities and owners' equity: liabilities; forms of business organization; reporting unusual events. Part 5 In review...: measuring cash flow; accounting concepts, professional judgement and ethical conduct. Appendices: financial statements of "Toys 'R' Us"; manual special journals; present value; international accounting and foreign currency transactions; income taxes; analysis and interpretation of financial statements.