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Shim, Jae K. and Siegel, Joel G.. Schaum's Outline of Theory and Problems of Financial Accounting. US: McGraw-Hill Education, 1999.

Schaum's Outline of Theory and Problems of Financial Accounting

Authors: Jae K. Shim and Joel G. Siegel

Published:  1999

ISBN: 9780071609753 0071341668
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  • Contents
  • CHAPTER 1 Introduction to Financial Accounting
  • 1.1 Scope and Purpose of Accounting
  • 1.2 Branches of Accounting
  • 1.3 Purposes of a Business Entity
  • 1.4 Principles and Assumptions of Financial Accounting
  • 1.5 The Accounting Equation
  • CHAPTER 2 Financial Statements
  • 2.1 Introduction
  • 2.2 Cash Basis Versus Accrual Basis of Accounting
  • 2.3 Income Statement
  • 2.4 Balance Sheet
  • 2.5 Classified Financial Statements
  • CHAPTER 3 Analyzing and Recording Financial Transactions
  • 3.1 Introduction
  • 3.2 Accounts for Recording Transactions
  • 3.3 Ledger
  • 3.4 A Chart of Accounts
  • 3.5 Reflecting Debits and Credits in the Accounts
  • 3.6 The Journal
  • 3.7 Journal Entries
  • 3.8 Posting
  • 3.9 Preparing the Trial Balance
  • 3.10 Financial Statement Preparation
  • Examination I: Chapters 1–3
  • CHAPTER 4 Adjusting and Closing Entries
  • 4.1 Introduction
  • 4.2 Prepaid Expenses
  • 4.3 Unearned Revenue
  • 4.4 Accrued Expenses
  • 4.5 Accrued Revenue
  • 4.6 Depreciation
  • 4.7 Dividends
  • 4.8 Closing Entries
  • 4.9 Post-Closing Trial Balance
  • CHAPTER 5 The Preparation of the Worksheet
  • 5.1 Introduction
  • 5.2 Worksheet for a Service-Oriented Business
  • 5.3 Financial Statement Preparation
  • 5.4 After the Financial Statements Are Prepared
  • 5.5 The Accounting Cycle
  • CHAPTER 6 Accounting for a Merchandising Business
  • 6.1 Introduction
  • 6.2 Accounting for Sales of Merchandise
  • 6.3 Accounting for Purchases
  • 6.4 Cost of Goods Sold
  • 6.5 Condensed Income Statement
  • 6.6 The Worksheet for a Merchandising Business
  • 6.7 An Income Statement for a Merchandising Business
  • Examination II: Chapters 4–6
  • CHAPTER 7 Cash and Short-Term Investments
  • 7.1 Introduction
  • 7.2 What Is Cash?
  • 7.3 The Control of Cash
  • 7.4 The Bank Statement
  • 7.5 Bank Reconciliation
  • 7.6 Cash Shortage and Overage
  • 7.7 Petty Cash
  • 7.8 Short-Term Investments
  • 7.9 Held-to-Maturity Securities
  • 7.10 Trading Securities
  • 7.11 Available-for-Sale Securities
  • CHAPTER 8 Inventories
  • 8.1 Introduction
  • 8.2 Perpetual and Periodic Inventory Methods
  • 8.3 Inventory and Valuation Methods
  • CHAPTER 9 Receivables and Payables
  • 9.1 Accounts Receivable
  • 9.2 Computing the Provision for Uncollectible Accounts
  • 9.3 Writing off a Customer’s Account
  • 9.4 Subsequent Recovery of Written-Off Receivable
  • 9.5 Promissory Notes
  • 9.6 Interest Computation
  • 9.7 Determining the Maturity Date
  • 9.8 Notes Receivable
  • 9.9 Discounting a Note Receivable
  • 9.10 Default on a Note Receivable
  • 9.11 Notes Payable
  • Examination III: Chapters 7–9
  • CHAPTER 10 Fixed Assets, Depreciation, and Intangible Assets
  • 10.1 Property, Plant, and Equipment
  • 10.2 Depreciation
  • 10.3 Depreciation Methods
  • 10.4 Disposal of Plant and Equipment
  • 10.5 Intangible Assets
  • 10.6 Accounting for Intangible Assets
  • 10.7 Deferred Charges
  • 10.8 Other Assets
  • CHAPTER 11 Liabilities
  • 11.1 Introduction
  • 11.2 Current Liabilities
  • 11.3 Noncurrent Liabilities
  • 11.4 Types of Bonds
  • 11.5 Accounting for Bonds
  • 11.6 Bonds Sold at Face Value Between Interest Dates
  • 11.7 Bonds Sold at a Premium or Discount Between Interest Dates
  • 11.8 Early Extinguishment of Bonds
  • 11.9 Bond Conversion
  • 11.10 Contingent Liabilities
  • CHAPTER 12 Corporations
  • 12.1 Introduction
  • 12.2 Terminology
  • 12.3 Types of Stock
  • 12.4 Stockholders’ Equity
  • 12.5 Issuance of Stock
  • 12.6 Subscribed Stock
  • 12.7 Treasury Stock
  • 12.8 Dividends
  • 12.9 Stock Splits
  • 12.10 Retained Earnings
  • 12.11 Comprehensive Stockholders’ Equity Section
  • Examination IV: Chapters 10–12
  • CHAPTER 13 Partnerships
  • 13.1 Features of the Partnership
  • 13.2 Initial Partnership Investments
  • 13.3 Partner Drawing Accounts
  • 13.4 Allocating Net Income or Loss to Partners
  • 13.5 Admitting a New Partner
  • 13.6 Liquidating a Partnership
  • CHAPTER 14 Financial Statement Analysis
  • 14.1 Introduction
  • 14.2 Horizontal Analysis
  • 14.3 Vertical Analysis
  • 14.4 Ratio Analysis
  • 14.5 Liquidity Ratios
  • 14.6 Solvency Ratios
  • 14.7 Profitability Ratios
  • 14.8 Summary
  • CHAPTER 15 Statement of Cash Flows
  • 15.1 Introduction
  • 15.2 FASB Requirements
  • 15.3 Accrual Basis of Accounting
  • 15.4 Cash and Cash Equivalents
  • 15.5 Presentation of Noncash Investing and Financing Transactions
  • 15.6 Operating, Investing, and Financing Activities
  • 15.7 Presentation of the Cash Flow Statement—Direct and Indirect Methods
  • CHAPTER 16 Accounting for Multinational Operations
  • 16.1 Introduction: Accounting Dimensions of International Business
  • 16.2 Foreign Currency Exchange Rates
  • 16.3 Accounting for Foreign Currency Transactions
  • 16.4 Translation of Foreign Currency Financial Statements
  • 16.5 Interpretation of Foreign Financial Statements
  • 16.6 Harmonization of Accounting Standards
  • Examination V: Chapters 13–16
  • Index