Financial Accounting A Critical Approach CANADIAN Canadian 4th Edition John Friedlan Test Bank

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Product details:

• ISBN-10 ‏ : ‎ 1259066525
• ISBN-13 ‏ : ‎ 978-1259066528
• Author: John Friedlan

Friedlan Financial Accounting offers a user-oriented, critical approach to introductory financial accounting. It encourages students to question the choices made in the preparation of financial statements and view accounting data with a critical eye. The focus is on understanding the story that financial statements convey to stakeholders while addressing the limitations, controversies, and problems with accounting and accounting information.

This critical approach ensures students become highly proficient users of financial accounting information, while still providing the necessary understanding of the preparation of these statements. Real world financial statements and the integration of International Financial Reporting Standards (IFRS), balanced with discussion of Accounting Standards for Private Enterprise (ASPE) when it is important to note key differences, make Friedlan the most current financial accounting text available for both undergraduate and MBA programs.

Financial Accounting A Critical Approach Canadian 4th Edition Friedlan Solutions Manual

Table of contents:

• Unit 1: What is Accounting

  • Introduction: What Is Accounting
  • Accounting Defined
  • Users of Accounting Information
  • Types of Businesses and Business Activities
  • Ethics in Accounting
  • Exercises: Unit 1
  • Glossary Unit 1

• Unit 2: Accounting Principles and Practices

  • Introduction: Accounting Principles and Practices
  • GAAP – Generally Accepted Accounting Principles
  • Account Types
  • The Basic Accounting Equation
  • Financial Statements
  • Accounting in the Headlines
  • Glossary: Lesson 2
  • Exercises: Unit 2

• Unit 3: The Accounting Cycle

  • Introduction: The Accounting Cycle
  • The Accounting Cycle
  • Accounts, Journals, Ledgers, and Trial Balance
  • General Rules for Debits and Credits
  • Journal Entries
  • Posting to the General Ledger
  • Preparing a Trial Balance
  • Glossary: Lesson 3
  • Debit and Credit Review
  • Exercises: Unit 3

• Unit 4: Completion of the Accounting Cycle

  • The Accrual Basis and Cash Basis of Accounting
  • Classes and Types of Adjusting Entries
  • Adjusting for Accrued Items
  • Adjusting for Deferred Items
  • Preparing an Adjusted Trial Balance
  • Preparing Financial Statements
  • Closing Entries
  • Accounting in the Headlines
  • Glossary: Completing the Accounting Cycle
  • Exercises: Unit 4

• Unit 5: Accounting For a Merchandising Enterprise

  • Merchandising Business
  • Merchandise Inventory
  • Buyer Entries under Perpetual Method
  • Seller Entries under Perpetual Inventory Method
  • Buyer Entries under Periodic Inventory System
  • Seller Entries under Periodic Inventory Method
  • Glossary: Accounting for a Merchandising Enterprise
  • Exercises: Unit 5

• Unit 6: Financial Reporting for a Merchandising Enterprise

  • Adjusting Entries for a Merchandising Company
  • Merchandising Financial Statements
  • Journalizing Closing Entries for a Merchandising Enterprise
  • Impacts of Inventory Errors on Financial Statements
  • Accounting in the Headlines
  • Exercises: Unit 6

• Unit 7: Inventory Valuation Methods

  • Merchandise Inventory
  • Inventory Methods for Ending Inventory and Cost of Goods Sold
  • Methods Under a Periodic Inventory System
  • Effects of Choosing Different Inventory Methods
  • Lower of Cost or Market Rule
  • Internal Control Issues and Procedures for Inventory
  • Exercises: Unit 7

• Unit 8: Accounting Information Systems

  • Principles of Accounting Systems
  • Special Journals
  • Subsidiary Ledgers and Control Accounts
  • Internal Control and Accounting System Design
  • Accounting in the Headlines
  • Exercises: Unit 8

• Unit 9: Cash

  • Internal Control Structure
  • Cash and Internal Control
  • Preparing a Bank Reconciliation
  • Petty Cash
  • Accounting in the Headlines
  • Exercises: Unit 9

• Unit 10: Receivables

  • Receivables
  • Subsidiary Ledgers and Control Accounts
  • Direct Write-Off and Allowance Methods
  • Estimating Bad Debts
  • Accounting for Credit Card Sales
  • Accounting for Notes Receivable
  • Exercises: Unit 10

• Unit 11: Plant Assets and Intangible Assets

  • Long Term Assets
  • Entries for Cash and Lump-Sum Purchases of Property, Plant and Equipment
  • Methods for Computing Depreciation
  • Computing Book value
  • Asset Disposal
  • Journalize Entries for Trade-In of Similar Assets
  • Natural Resources and Depletion
  • Journalizing Adjusting Entries for Depletion
  • Intangible Assets
  • Exercises: Unit 11

• Unit 12: Current Liabilities and Payroll

  • Accounting for Current Liabilities
  • Entries Related to Notes Payable
  • Accounting for Contingent Liabilities
  • Recording Transactions Related to Product Warranties
  • Payroll Accounting Defined
  • Payroll Accounting Entries
  • Exercises: Unit 12

• Unit 13: Forms of Business Organizations

  • Sole Proprietorships and Partnerships
  • Journal Entries for Partnerships
  • Changes to the Partners
  • Corporations
  • Common and Preferred Stock
  • Journal Entries to Issue Stock
  • Treasury Stock
  • The Stockholder’s Equity Section of the Balance Sheet
  • Exercises: Unit 13

• Unit 14: Stockholders’ Equity, Earnings and Dividends

  • Retained Earnings: Entries and Statements
  • Entries for Cash Dividends
  • Stock Dividends and Splits
  • Items Reported on a Corporate Income Statement
  • Exercises: Unit 14

• Unit 15: Long-Term Liabilities and Investment in Bonds

  • Long-Term Financing
  • Recording Entries for Bonds
  • Redeeming Bonds Payable
  • Capital Leases and Operating Leases
  • Accounting for Investment in Bonds
  • Exercises: Unit 15

• Unit 16: Investment in Stocks

  • Investment of Stocks in Other Corporations
  • Cost Method
  • Equity Method
  • Consolidated Financial Statements
  • Exercises: Unit 16

• Unit 17: Statement of Cash Flows

  • The Statement of Cash Flows
  • Direct and Indirect Methods for Preparing a Statement of Cash Flows
  • Cash Flows From Investing and Financing
  • Preparing a Statement of Cash Flow
  • Accounting in the Headlines
  • Exercises: Unit 17

• Unit 18: Financial Statement Analysis

  • Analyzing Comparative Financial Statements
  • Calculating Trend Percentages
  • Common-Size Financial Statements
  • Calculate Ratios That Analyze a Company’s Short-Term Debt-Paying Ability
  • Ratios That Analyze a Company’s Long-Term Debt Paying Ability
  • Ratios That Analyze a Company’s Earnings Performance
  • Ratio Summary
  • Exercises: Unit 18

• Appendix: Partnerships

  • Sole Proprietorships and Partnerships
  • Journal Entries for Partnerships
  • Changes to the Partners
  • Exercises: Appendix B (revise questions)

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