Accounting

Introduction to Accounting is a college-level, introductory textbook that covers the subject of Accounting, core to all studies of business. Boundless works with subject matter experts to select the best open educational resources available on the web, review the content for quality, and create introductory, college-level textbooks designed to meet the study needs of university students.


This textbook covers:


Introduction to Accounting -- What is Accounting, The Accounting Concept, Overview of Key Elements of the Business, Conveying Accounting Information, Conventions and Standards

 

Accounting Information and the Accounting Cycle -- Basics of Accounting, The Accounting Cycle

 

Financial Statements Overview -- The Income Statement, The Balance Sheet, The Statement of Cash Flows, Special Considerations for Merchandising Companies

 

Controlling and Reporting of Cash and Receivables -- Overview of Cash, Managing Cash, Overview of Receivables, Notes Receivable Detail, Basics of Receivables Management, Reporting and Analyzing Receivables

 

Controlling and Reporting of Inventories -- Understanding Inventory, Controlling Inventory, Valuing Inventory, Detail on Using LIFO, Additional Topics in Inventory Valuation, Assessing Inventory Management, Reporting and Analyzing Inventories

 

Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources --Introduction to Long-Lived Assets, Components of Asset Cost, Valuing Assets, Depreciation of Assets, Impairment of Assets, Disposal of Assets, Depletion of Assets, Natural Resources, Reporting and Analyzing Assets

 

Controlling and Reporting of Intangible Assets --Introduction to Intangible Assets, Types of Intangible Assets, Intangible Asset Impairment, Research & Development Cost, Reporting and Analyzing Intangibles

 

Valuation and Reporting of Investments in Other Corporations -- Approaches to Investment Accounting, Debt Held to Maturity, Debt for Sale, Holding Less than 20% of Shares, Holding 20-50% of Shares, Ownership: Holding More than 50% of Shares

 

Reporting of Current & Contingent Liabilities -- Introduction to Liabilities, Current Liabilities, Contingencies, Reporting and Analyzing Current Liabilities

 

The Time Value of Money -- Introduction to the Time Value of Money, Future Value, Single Amount, Annuities, Additional Detail on Present and Future Values, Yield, Valuing Multiple Cash Flows, Present Value, Single Amount

 

Reporting of Long-Term Liabilities -- Overview of Bonds, Valuing Bonds, Bond Retirement, Reporting and Analyzing Long-Term Liabilities

 

Reporting of Stockholders' Equity -- Understanding the Corporation, Stock Transactions, Rules and Rights of Common and Preferred Stock, Additional Detail on Preferred Stock, Dividend Policy, Cash Dividend Alternatives, Reporting and Analyzing Equity, Additional Topics in Stockholders' Equity

 

Detailed Review of the Income Statement -- Understanding the Income Statement, Revenue Recognition, Expense Recognition, Additional Income Statement Considerations, Reporting and Analyzing the Income Statement

 

Detailed Review of the Statement of Cash Flows -- Cash Flow Accounting, Calculating Cash Flows, Reporting and Analyzing Cash Flow Statements

 

Special Topics in Accounting: Income Taxes, Pensions, Leases, Errors, and Disclosures -- Income Tax Accounting, Pension Accounting, Lease Accounting, Making Changes and Correcting Errors, Additional Notes on Disclosures

 

Analyzing Financial Statements -- Overview of Financial Statements Analysis, Standardizing Financial Statements, Ratio Analysis Overview, Using Financial Ratios for Analysis, Liquidity Ratios, Debt Management Ratios, Profitability Ratios, Market Value Ratios, Cons