The Fourth Edition of "Financial Accounting" teaches accounting from both the preparer and user perspective. To lead students to a full understanding of the impact of financial statements on business decision-making, the authors use the financial statements from Winnebago Industries throughout the chapter and end of chapter material. "Porter/Norton" is unique in that it also uses a competiting company to Winnebago, Monaco Coach, to do comparative financial analysis; this is reflected throughout the text and in end of chapter problems.
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Part I. The Accounting Model. Introduction. Getting Started in Business. Ch. 1. Accounting as a Form of Communication. Ch. 2. Financial Statements and the Annual Report. Ch. 3. Processing Accounting Information. Ch. 4 Income Measurement and Accrual Accounting. Ch. 4 Appendix Accounting Tools: Work Sheets. Part II. Accounting for Assets. Ch. 5 Merchandise Accounting and Internal Control. Ch. 5 Appendix. Accounting Tools: Internal Control For A Merchandising Company. Ch. 6. Inventories and Cost of Goods Sold. Appendix. Accounting Tools: Inventory Costing Methods Using A Perpetual Inventory System. Ch. 7 Cash, Investments, and Receivables. Ch. 8. Operating Assets: Property, Plant, and Equipment, Natural Resources, and Intangibles. Part III. Accounting for Liabilities and Owners' Equity. Ch. 9. Current Liabilities, Contingencies, and the Time Value of Money. Appendix A. Accounting Tools: Payroll Accounting. Appendix B. Accounting Tools: Using Excel for Problems Involving Interest Calculations. Ch. 10. Long-Term Liabilities. Appendix Other Liabilities. Ch. 11 Stockholders' Equity. Ch. 11 Appendix. Accounting Tools: Unincorporated Businesses Part IV Additional Topics in Financial Reporting. Ch. 12. The Statement of Cash Flows. Appendix. Accounting Tools: A Work-Sheet Approach To The Statement of Cash Flows. Ch. 13 Financial Statement Analysis. Appendix. Reporting and Analyzing Other Income Statement Items. Appendix A. Winnebago Industries Annual Report. Appendix B. Monaco Coach Corporation Annual Report. Glossary of Key Terms. Company Index. Subject Index
The Fourth Edition of "Financial Accounting" teaches accounting from both the preparer and user perspective. To lead students to a full understanding of the impact of financial statements on business decision-making, the authors use the financial statements from Winnebago Industries throughout the chapter and end of chapter material. "Porter/Norton" is unique in that it also uses a competiting company to Winnebago, Monaco Coach, to do comparative financial analysis; this is reflected throughout the text and in end of chapter problems.
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