| A |
| Accelerated depreciation,
746 |
| Account analysis |
|
T-accounts, 161–166 |
|
using posting
references, 541 |
| Accounting cycle |
|
complete, 281–282 |
|
through adjusted trial
balance, 191 |
| Account form balance
sheet, 241, 244 |
| Accounting information systems, |
|
see Learning
Goal 24 |
| Accounts payable, 241, 243,
517 |
| Accounting periods, 3–6 |
| Accounting software, checklist, |
|
see Appendix |
| Accounts receivable, 242,
664 |
|
allowance method, 666–667 |
|
aging, 668–671 |
|
balance sheet presentation,
241 |
|
controlling and subsidiary,
517 |
|
credit card sales as, 638 |
|
factoring, 678 |
|
turnover/days to collect,
854–855, 882 |
|
valuation, 665,
675 |
| Accruals overview,
12, 120 |
| Accrual-basis accounting,
12 |
|
compared to cash
basis, 20–22 |
|
defined, 19, |
|
rules for using,
20 |
| Accrued expense |
| |
adjustments for, 136–150,
159–160,
541, 787 |
|
calculations for
adjustments, 143 |
|
defined, 137 |
| |
knowing when adjustment is
needed, 158 |
|
omitting adjustment, effect
of, 145 |
|
payment of cash for, 148–150 |
|
reversing entries for, see
disk
wages, 823 |
| Accrued liability,
137 |
|
| Accrued revenue
121–134, 159–160 |
|
adjustment for, 123 |
|
calculations for adjustment,
127 |
|
knowing when adjustment
is
needed, 158 |
|
omitting adjustment,
effect of, 129 |
|
receipt of cash for, 132–134 |
|
reversing entries for, see
disk |
| Accumulated depreciation,
110–111 |
| Acid-test ratio, 853, 882 |
| Additions and
betterments, 753 |
| Adelphia, 880 |
| Adjusted trial
balance, 185–188 |
|
how to prepare, 186 |
|
used for financial
statements,
187–188 |
|
worksheet, 400
|
| Adjusting entries, 32–37 |
|
accrued expense, 136–150 |
|
accrued revenue, 121–135 |
|
all types summarized, 160 |
|
alternate methods for, see
disk |
|
common qualities of, 33–35 |
|
depreciation, 105–113 |
|
how to know if needed, 158 |
|
journal entry formats, 159–160 |
|
overview of process, 157–158 |
|
prepaid (deferred) expense,
40–69 |
|
reasons for, 36–37 |
|
reversing entries and, see
disk |
|
unearned (deferred)
revenue, 73–99 |
|
worksheet as source,
232, 235 |
| Allowance method for receivables,
666–667
|
| Amortization |
|
entry for, 766 |
|
various meanings
of, 766 |
| Assets |
|
accounts receivable,
241–242, 517,
664–679, 684 |
|
building, 743 |
|
cash as, 589–590 |
|
classification
of, 241–2435 |
|
depreciation of, 105–113,
745–752 |
|
|
disposal methods,
of 753–759 |
|
exchanges of,
755–758 |
|
fully depreciated,
749 |
|
gains and losses
on, 403, 754–755,
756–758 |
|
impaired, 760–761 |
|
intangible, 105,
765–766 |
|
land, 742–743 |
|
liquid, 242, 882 |
|
long-term, 241–243 |
|
lump-sum purchase,
744 |
|
merchandise inventory,
241,
321–324, 358–363, 378–379,
452–462, 702–719, 855 |
|
notes receivable,
241–242, 681–684 |
|
prepaid expenses,
40–41, 242 |
|
property, plant,
and equipment,
243, 742–759 |
|
ratio analysis
of, 859, 863, 882–883 |
|
retirement of,
754 |
|
sales of, 678,
754–780 |
|
valuation of,
665, 675, |
|
see
also valuation |
Auditing after
Sarbanes-Oxley,
880–881 |
| B |
| Balance sheet |
|
account form, 241,
244 |
|
cash on, 589–590 |
|
classified assets
and liabilities on,
240–245, 402, 845 |
|
horizontal analysis,
845 |
|
liabilities on,
241, 243–244, 788,
876–877, 823 |
|
merchandise inventory
on,
240–241, 402, 703, 717 |
|
off-balance sheet
financing,
876–877 |
|
property, plant,
and equipment on,
240–241, 245, 767 |
|
receivables on,
240–241, 684 |
|
report form, 244–245,
845 |
|
vertical analysis,
847 |
|
worksheet source
of, 232–234 |
|
