Chapter 1-Introduction to Financial StatementsNeed Milk? Forms of Business Organization Users and Uses of Financial InformationInternal Users External Users Ethics in Financial ReportingBusiness ActivitiesFinancing Activities Investing Activities Operating ActivitiesCommunicating with UsersStatement of Earnings Statement of Retained Earnings Balance Sheet Cash Flow Statement Interrelationships of StatementsA Quick Look at Loblaw's Financial StatementsStatement of Earnings Statement of Retained Earnings Balance Sheet Cash Flow Statement Other Elements of an Annual ReportAssumptions and Principles in Financial Reporting Assumptions PrinciplesChapter 2-A Further Look at Financial Statements Just Fooling Around? Section 1 Objectives of Financial Reporting Characteristics of Useful InformationUnderstandability Relevance Reliability ComparabilityConstraints in AccountingCost-Benefit MaterialitySection 2 The Financial Statements Revisited The Classified Balance SheetCurrent Assets Long-Term Investments Property, Plant, and Equipment Intangible Assets Current Liabilities Long-Term Liabilities Shareholders' EquityUsing the Financial StatementsRatio Analysis Using the Statement of Earnings Using the Statement of Retained Earnings Using the Classified Balance Sheet Using the Cash Flow StatementChapter 3-The Accounting Information System Accidents Happen Accounting Information System Accounting TransactionsAnalysing Transactions Summary of TransactionsThe AccountDebits and Credits Debit and Credit Procedures Expansion of the Basic EquationSteps in the Recording ProcessThe Journal The Ledger Chart of Accounts PostingThe Recording Process Illustrated Summary Illustration of Journalizing and Posting The Trial Balance Limitations of a Trial BalanceChapter 4-Accrual Accounting Concepts Swapping Quarters Timing IssuesRevenue Recognition Principle Matching Principle Accrual Versus Cash Basis of AccountingThe Basics of Adjusting EntriesTypes of Adjusting Entries Adjusting Entries for Prepayments Adjusting Entries for Accruals Summary of Basic Relationships Sierra Corporation IllustrationThe Adjusted Trial Balance and Financial StatementsPreparing the Adjusted Trial Balance Preparing Financial StatementsClosing the BooksPreparing Closing Entries Preparing a Post-Closing Trial BalanceSummary of the Accounting CycleChapter 5-Merchandising Operations Who Doesn't Shop at Wal-Mart? Merchandising OperationsOperating Cycles Inventory SystemsRecording Purchases of MerchandiseSales Taxes Freight Costs Purchase Returns and Allowances Purchase Discounts Summary of Purchase TransactionsRecording Sales of MerchandiseSales Returns and Allowances Sales Discounts Summary of Sales TransactionsStatement of Earnings PresentationSales Revenues Gross Profit Operating Expenses Non-operating ActivitiesEvaluating ProfitabilityGross Profit Margin Profit MarginAppendix 5A Periodic Inventory SystemChapter 6-Reporting and Analysing Inventory How Many Dump Trucks Did You Want? Inventory Basics Classifying Inventory Determining Inventory Quantities Classifying Inventory move Recording Merchandise Transactions Recording Purchases of Merchandise Recording Sales of Merchandise Comparison of Entries-Perpetual vs. Periodic Cost of Goods Sold Statement of Earnings PresentationKimmel, Paul D. is the author of 'Financial Acct.:tools F/bus..>canadian<' with ISBN 9780470833377 and ISBN 0470833378.