Horngren – Accounting
th
(5 ed.)
0-13-090728-6
Needles –Principles of
Accounting (7th ed.)
0-395-93530-X
3-41222
1
16
1,2,7
3,4,5
1,3,4
2,3,4
2,6
2
6,13
7,8,9,
10,11
Append.
A
3,4
14
1
8
7
6,7,8,9,
10
Append.
B
3,4
14
11
9
9,17
6,7,9,
10,11,12
Append.
B
4
5,18
1,13,14
11
7
5,8,9,10,
15
Append.
C, 26
3,4
18
1,12,13
10
8,17
6,9,10,
12,16
Append.
A&B
3,4
18
1,14,15
11
Libby – Financial
rd
Accounting (3 ed.)
0-07-230035-3
1
1,2
Kimmel – Financial
nd
Accounting (2 ed.)
0-471-34774-4
1,2
1,2,10
2,3,5
2,3
1,2
2,4,10,
Append.
C
1,2,3,4
3,5
Schaum’s – Financial
Accounting Outlines
nd
(2 ed.)
0-07-134166-8
Larson – Fundamental
Accounting Principles
th
(16 ed.)
0-07-242339-0
Chapters
Williams – Financial &
Managerial Accounting
th
(12 ed.)
0-07-239688-1
Financial Accounting Concepts
1
2
Define and articulate the three basic financial statements
Identify the usefulness and relevance of the three basic financial statements
2,15
2,15
1,2
1
1,2,3
2
3
4
Know the basic concepts underlying financial reporting (e.g. consistency, verifiability)
Know how to record and read a simple business transaction relative to the basic
accounting equation
Compute cash flow and GAAP income on a set of transactions
Know the different measurement concepts or evaluation basis for Assets, Liabilities,
Owners equity, and Income
Compute the time value of money
1
1,3
1,2
3,4,5
2,15
7,8,9,10,
11
*
Understand the timing of revenue and expense recognition
Define and compute liquidity, solvency, and profitability ratios
Differentiate between the various forms or business ownership
Define and calculate depreciation and amortization
1,4
14
1,13,12
4,10
7,13
2,6,7,8,9
10,11
Append.
6
4
14,2
1
9
5
6
7
8
9
10
11
*to be included in Managerial Accounting
Desktop/My Documents/Gateway Folder/11 concepts.doc