1. Starting with cash flows
2. Three financial statements
4. Profit isn't everything
5. Sales revenue and accounts receivable
6. Cost of goods sold expense and inventory
7. Inventory and accounts payable
8. Operating expenses and accounts payable
9. Operating expenses and prepaid expenses
10. Depreciation expense and property, plant, and equipment; intangible assets
11. Accruing the liability for unpaid expenses
12. Income tax expense and its liability
13.Net income and retained earnings; earnings per share (EPS)
14. Cash flow from operating (Profit-making) activities
15. Cash flows from investing and financing activities
16. Growth and decline impacts on cash flow
17. Footnotes to financial statements
18. Financial statement ratios
19. Profit analysis for business managers
20. Choosing accounting methods and massaging the numbers
21. Audits of financial reports
22. Basic questions, basic answers
23. Small business financial reporting.
Components and connections in financial statements. Starting with cash flows ; The three financial statements ; Profit isn't everything ; Sales revenue and accounts receivable ; Cost of goods sold expense and inventory ; Inventory and accounts payable ; Operating expenses and accounts payable ; Operating expenses and prepaid expenses ; A unique expense : depreciation ; Accruing the liability for unpaid expenses ; Income tax expense and its liability ; Net income and retained earnings : earnings per share (EPS) ; Cash flow from operating (profit-making) activities ; Cash flows from investing and financing activities ; Footnotes to financial statements
Financial statement analysis. Impact of growth and decline on cash flow ; Financial statement ratios ; Profit analysis for business managers
Reliability of financial reports. Accounting and financial reporting standards ; Accounting methods and massaging the numbers ; Audits of financial reports in the post-Enron era ; Parting comments.
From the Book - Sixth edition.
1. Starting with cash flows
2. Introducing the balance sheet and the income statement
3. Profit isn't everything
4. Sales revenue and accounts receivable
5. Cost of goods sold expense and inventory
6. Inventory and accounts payable
7. Operating expenses and accounts payable
8. Operating expenses and prepaid accrued expenses
9. Long-term operating assets : depreciation and amortization expense
10. Accruing unpaid operating expenses and interest expense
11. Income tax expense and income tax payable
12. Net income and retained earnings ; earnings per share (EPS)
13. Cash flow from profit and loss
14. Cash flows from investing and financing activities
15. Growth, decline, and cash flow
16. Footnotes : the fine print in financial reports
17. CPAs, audits, and audit failures
18. Choosing accounting methods and quality of earnings
19. Making and changing accounting standards
20. Cost of goods sold conundrum
21. Depreciation dilemmas
22. Ratios for creditors and investors
23. A look inside management accounting
24. A few parting comments.
