Financial Accounting 11th Edition By Jamie Pratt, Michael Peters
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- 1,178
- File size
- 10.41 MB
- Format
- Digital PDF
- Course
- Financial Accounting
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- eBook[PDF]
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About this ebook
Financial Accounting (Enhanced eText), 11th Edition by Jamie Pratt and Michael F. Peters covers the fundamental mechanics, measurement, and analysis of financial reporting framed within real-world economic contexts. The textbook uses a storytelling approach—featuring major brands like The Walt Disney Company—to explore the business decisions behind the numbers. [1, 2]
The text is organized into 4 distinct parts spanning 14 total chapters: []
📊 Part 1: An Overview of Financial Accounting
This foundational section establishes why financial accounting is critical to business success and how economic events shape corporate reporting. [1, 3]
- Chapter 1: Financial Accounting and Its Economic Context – Explores the role of accounting in capital markets, financial statement users, and ethical foundations like the AICPA Code of Professional Conduct. []
- Chapter 2: A Closer Look at the Financial Statements – Reviews the structural format and purposes of the Balance Sheet, Income Statement, and Cash Flow Statement. [1]
⚙️ Part 2: Measurement, Mechanics, and Use of Financial Statements
This section addresses the technical framework of the accounting cycle, moving from basic data entry to corporate-wide analysis. [1, 3]
- Chapter 3: The Measurement Fundamentals of Financial Accounting – Examines GAAP, accrual vs. cash accounting, and the conceptual frameworks of revenue and expense recognition. [1]
- Chapter 4: The Mechanics of Financial Accounting – Covers the recording of transactions through journal entries, T-accounts, trial balances, and adjusting/closing steps. [1]
- Chapter 5: Using Financial Statement Information – Teaches how to evaluate corporate performance, focusing heavily on Return on Equity (ROE) and leveraging modern data analytics. [1]
🔎 Part 3: Assets: A Closer Look
A deep dive into how a company accounts for, values, and manages what it owns. [1]
- Chapter 6: The Current Asset Classification, Cash, and Accounts Receivable – Details short-term liquidity, internal controls for cash, and managing uncollectible accounts. []
- Chapter 7: Merchandise Inventory – Focuses on cost capitalization rules and cost allocation methods (such as FIFO and LIFO). [1]
- Chapter 8: Investments in Equity Securities – Examines how companies account for buying and holding stock in other enterprises. []
- Chapter 9: Long-Lived Assets – Breaks down tangible and intangible asset acquisition, depreciation methods, impairments, and maintenance vs. betterment expenditures. [1]
📈 Part 4: Liabilities and Shareholders' Equity: A Closer Look
This section analyzes how a company finances its operations through borrowing or owner investments, concluding with total performance summaries. []
- Chapter 10: Introduction to Liabilities – Studies the economic consequences of debt, current liabilities, and accounting for contingencies/lawsuits.
- Chapter 11: Long-Term Liabilities – Covers advanced debt financing instruments including notes payable, corporate bonds, and lease obligations.
- Chapter 12: Shareholders' Equity – Reviews corporate equity structures, issuing stock, treasury stock transactions, and dividend distributions.
- Chapter 13: The Complete Income Statement – Analyzes complex profitability issues, discontinued operations, and calculations for Earnings Per Share (EPS).
- Chapter 14: The Statement of Cash Flows – Deconstructs cash movements broken down into operating, investing, and financing activities. [, 2, 3]
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