Survey of Accounting
by Paul D. Kimmel, Jerry J. Weygandt
2nd Edition
Publisher: Wiley
Book Details
| Print ISBN | 9781119594536 |
| eText ISBN | 9781119591344 |
| Publisher | Wiley |
| Publishing Year | 2019 |
| Edition | 2nd Edition |
| Language | English |
| Pages | 944 |
Survey of Accounting, 2nd Edition, is a textbook that introduces both financial and managerial accounting without relying on debits and credits. The text emphasizes financial statements to give students foundational knowledge for evaluating business performance.
Coverage spans core financial reporting and internal decision-making topics. Key subjects include balance sheet analysis, accrual accounting principles, internal controls, and inventory reporting, alongside job order costing, budgetary planning, and capital investment decisions.
Designed for students with varied academic backgrounds, the presentation emphasizes decision-making skills rather than procedural bookkeeping. Features such as Decision Tools and practical examples help learners connect accounting principles to career situations.
Table of Contents
Chapter 1: Introduction to Financial Statements
- • Business Organization and Accounting Information Uses
- • The Three Types of Business Activity
- • The Four Financial Statements
- • Elements of an Annual Report
Chapter 2: A Further Look at the Balance Sheet
- • The Classified Balance Sheet
- • Analyzing the Balance Sheet Using Ratios
Chapter 3: The Accounting Information System
- • Financial Reporting Concepts
- • Using the Accounting Equation to Analyze Transactions
- • Preparing Financial Statements
Chapter 4: Accrual Accounting Concepts
- • Accrual-Basis Accounting and Adjustments
- • Adjustments for Deferrals
- • Adjustments for Accruals
- • Summary of Basic Relationships
- • Preparing Financial Statements
Chapter 5: Fraud, Internal Control, and Cash
- • Fraud and Internal Control
- • Cash Controls
- • Control Features of a Bank Account
- • Reporting Cash and Cash Management
Chapter 6: Merchandising Operations and the Multiple-Step Income Statement
- • Merchandising Operations and Inventory Purchases
- • Recording Sales Under a Perpetual Inventory System
- • Multiple-Step Income Statement
- • Gross Profit Rate and Profit Margin
Chapter 7: Reporting and Analyzing Inventory and Receivables
- • Classifying and Determining Inventory
- • Inventory Methods and Financial Effects
- • Reporting Receivables
- • Inventory Presentation and Analysis
Chapter 8: Reporting and Analyzing Long-Lived Assets
- • Plant Asset Expenditures
- • Depreciation Methods
- • Plant Asset Disposals
- • Intangible Assets
- • Statement Presentation and Analysis
Chapter 9: Reporting and Analyzing Liabilities and Stockholders’ Equity
- • Accounting for Current Liabilities
- • Accounting for Bond Transactions
- • Accounting for Common, Preferred, and Treasury Stock
- • Accounting for Cash Dividends
- • Presentation and Analysis of Stockholders’ Equity
Chapter 10: Financial Analysis: The Big Picture
- • Sustainable Income and Quality of Earnings
- • Horizontal Analysis and Vertical Analysis
- • Ratio Analysis
- • Comprehensive Example of Ratio Analysis
Chapter 11: Managerial Accounting
- • Managerial Accounting Basics
- • Managerial Cost Concepts
- • Manufacturing Costs in Financial Statements
- • Managerial Accounting Today
Chapter 12: Job Order Costing
- • Cost Accounting Systems
- • Job Order Cost Flow
- • Applied Manufacturing Overhead
Chapter 13: Cost-Volume-Profit
- • Cost Behavior Analysis
- • Cost-Volume-Profit Analysis
- • Break-Even Analysis
- • Target Net Income and Margin of Safety
- • Appendix 13A: Regression Analysis
Chapter 14: Incremental Analysis
- • Decision-Making and Incremental Analysis
- • Types of Incremental Analysis
Chapter 15: Budgetary Planning
- • Effective Budgeting and the Master Budget
- • Sales, Production, and Direct Materials Budgets
- • Direct Labor, Manufacturing Overhead, and S&A Expense Budgets
- • Cash Budget and Budgeted Balance Sheet
- • Budgeting in Nonmanufacturing Companies
Chapter 16: Budgetary Control and Responsibility Accounting
- • Budgetary Control and Static Budget Reports
- • Flexible Budget Reports
- • Responsibility Accounting and Responsibility Centers
- • Investment Centers
- • Appendix 16A: ROI vs. Residual Income
Chapter 17: Standard Costs and Balanced Scorecard
- • Overview of Standard Costs
- • Direct Materials Variances
- • Direct Labor and Manufacturing Overhead Variances
- • Variance Reports and Balanced Scorecards
- • Appendix 17A: Overhead Controllable and Volume Variances
Chapter 18: Planning for Capital Investments
- • Capital Budgeting and Cash Payback
- • Net Present Value Method
- • Capital Budgeting Challenges and Refinements
- • Internal Rate of Return
- • Comparing Discounted Cash Flow Methods
- • Annual Rate of Return
Chapter Appendix A: Specimen Financial Statements: Apple Inc.
Chapter Appendix B: Specimen Financial Statements: Columbia Sportswear Company
Chapter Appendix C: Specimen Financial Statements: Under Armour, Inc.
Chapter Appendix D: Double-Entry Accounting System
- • Accounts, Debits, and Credits
- • Using a Journal and Ledger
- • The Trial Balance
- • Adjusting Entries
- • Preparing Financial Statements
Chapter Appendix E: Time Value of Money
- • Interest and Future Values
- • Present Values
- • Time Periods and Discounting
- • Capital Budgeting Situations
- • Using Financial Calculators
Chapter Appendix F: Activity-Based Costing
- • Traditional vs. Activity-Based Costing
- • ABC and Manufacturers
- • ABC Benefits and Limitations
- • ABC and Service Industries
Chapter Appendix G: Cost-Volume-Profit Analysis: Additional Issues
- • Basic CVP Concepts
- • Sales Mix and Break-Even Sales
- • Operating Leverage and Profitability
Chapter Appendix H: Pricing
- • Target Costing
- • Cost-Plus and Variable-Cost Pricing
- • Time-and-Material Pricing
- • Transfer Prices
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