Financial Accounting

Preface xi

About the authors xiii

Key features xv

Chapter 1: An introduction to accounting 1

Chapter 2: The recording process 77

Chapter 3: Accrual accounting concepts 133

Chapter 4: Inventories 190

Chapter 5: Reporting and analysing inventory 234

Chapter 6: Accounting information systems 283

Chapter 7: Reporting and analysing cash and receivables 352

Chapter 8: Reporting and analysing non-current assets 413

Chapter 9: Reporting and analysing liabilities 465

Chapter 10: Reporting and analysing equity 512

Chapter 11: Statement of cash flows 559

Chapter 12: Financial statement analysis and decision making 626

Chapter 13: Analysing and integrating GAAP 684

Appendix: Time value of money 736

Index 751