Financial Accounting

  1. Accounting for Assets
    1. Cash and Internal Controls
      1. Cash and Cash Equivalents
        1. Definition and Components
          1. Restricted Cash
          2. Internal Control Systems
            1. Objectives of Internal Control
              1. Components of Internal Control
                1. Cash Controls
                2. Bank Reconciliations
                  1. Purpose and Frequency
                    1. Bank Statement Items
                      1. Book Record Items
                        1. Reconciliation Process
                          1. Adjusting Entries
                          2. Petty Cash Systems
                            1. Establishment
                              1. Operation
                                1. Replenishment
                                  1. Controls
                                2. Receivables
                                  1. Types of Receivables
                                    1. Accounts Receivable
                                      1. Notes Receivable
                                        1. Other Receivables
                                        2. Accounts Receivable
                                          1. Recognition and Initial Measurement
                                            1. Trade Discounts
                                              1. Cash Discounts
                                              2. Valuing Accounts Receivable
                                                1. Uncollectible Accounts
                                                  1. Direct Write-Off Method
                                                    1. Allowance Method
                                                      1. Percentage of Sales Approach
                                                        1. Percentage of Receivables Approach
                                                          1. Aging of Accounts Receivable
                                                          2. Writing Off Uncollectible Accounts
                                                            1. Recovery of Previously Written-Off Accounts
                                                            2. Notes Receivable
                                                              1. Terms and Components
                                                                1. Interest Calculation
                                                                  1. Maturity Date Determination
                                                                    1. Recording Interest Revenue
                                                                      1. Dishonored Notes
                                                                      2. Disposition of Receivables
                                                                        1. Sale of Receivables
                                                                          1. Pledging of Receivables
                                                                        2. Inventory
                                                                          1. Nature and Importance of Inventory
                                                                            1. Inventory Systems
                                                                              1. Periodic Inventory System
                                                                                1. Perpetual Inventory System
                                                                                  1. Comparison of Systems
                                                                                  2. Determining Inventory Quantities
                                                                                    1. Physical Inventory Count
                                                                                      1. Goods in Transit
                                                                                        1. Consigned Goods
                                                                                        2. Inventory Costing Methods
                                                                                          1. Specific Identification
                                                                                            1. First-In, First-Out (FIFO)
                                                                                              1. Last-In, First-Out (LIFO)
                                                                                                1. Weighted-Average Cost
                                                                                                  1. Comparison of Methods
                                                                                                  2. Lower-of-Cost-or-Net Realizable Value
                                                                                                    1. Application
                                                                                                      1. Recording Write-Downs
                                                                                                      2. Inventory Errors
                                                                                                        1. Effects on Financial Statements
                                                                                                          1. Correction of Errors
                                                                                                          2. Inventory Estimation Methods
                                                                                                            1. Gross Profit Method
                                                                                                              1. Retail Inventory Method
                                                                                                              2. Inventory Analysis
                                                                                                              3. Property, Plant, and Equipment
                                                                                                                1. Nature and Classification
                                                                                                                  1. Determining Cost of Plant Assets
                                                                                                                    1. Land
                                                                                                                      1. Buildings
                                                                                                                        1. Equipment
                                                                                                                          1. Lump-Sum Purchases
                                                                                                                          2. Depreciation
                                                                                                                            1. Factors in Computing Depreciation
                                                                                                                              1. Depreciation Methods
                                                                                                                                1. Straight-Line Method
                                                                                                                                  1. Declining-Balance Method
                                                                                                                                    1. Units-of-Activity Method
                                                                                                                                    2. Depreciation for Partial Periods
                                                                                                                                      1. Revision of Periodic Depreciation
                                                                                                                                      2. Expenditures During Useful Life
                                                                                                                                        1. Revenue Expenditures
                                                                                                                                          1. Capital Expenditures
                                                                                                                                          2. Disposal of Plant Assets
                                                                                                                                            1. Retirement of Plant Assets
                                                                                                                                              1. Sale of Plant Assets
                                                                                                                                                1. Exchange of Plant Assets
                                                                                                                                                2. Impairment of Plant Assets
                                                                                                                                                  1. Recognition
                                                                                                                                                    1. Measurement
                                                                                                                                                      1. Recording
                                                                                                                                                      2. Natural Resources
                                                                                                                                                        1. Acquisition Cost
                                                                                                                                                          1. Depletion
                                                                                                                                                        2. Intangible Assets
                                                                                                                                                          1. Characteristics of Intangible Assets
                                                                                                                                                            1. Types of Intangible Assets
                                                                                                                                                              1. Patents
                                                                                                                                                                1. Copyrights
                                                                                                                                                                  1. Trademarks and Trade Names
                                                                                                                                                                    1. Franchises and Licenses
                                                                                                                                                                      1. Goodwill
                                                                                                                                                                      2. Accounting for Intangible Assets
                                                                                                                                                                        1. Initial Recognition and Measurement
                                                                                                                                                                          1. Internally Generated vs. Purchased
                                                                                                                                                                          2. Amortization of Intangible Assets
                                                                                                                                                                            1. Finite vs. Indefinite Life
                                                                                                                                                                              1. Amortization Methods
                                                                                                                                                                              2. Impairment of Intangible Assets
                                                                                                                                                                                1. Testing for Impairment
                                                                                                                                                                                  1. Recording Impairment Losses
                                                                                                                                                                                  2. Research and Development Costs

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                                                                                                                                                                                4. The Core Financial Statements

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                                                                                                                                                                                6. Accounting for Liabilities and Equity