Corporate Financial Accounting: A Comprehensive Guide, 5th Edition40


Corporate financial accounting is the process of recording, classifying, summarizing, and reporting financial information about a company. This information is used by investors, creditors, and other stakeholders to make informed decisions about the company.

The fifth edition of Corporate Financial Accounting provides a comprehensive overview of the principles and practices of corporate financial accounting. The book is divided into 24 chapters, each of which covers a different topic in financial accounting. The chapters are organized into six parts:
Introduction to financial accounting
The accounting cycle
Financial statements
Long-term assets
Liabilities and equity
Special topics in financial accounting

The fifth edition of Corporate Financial Accounting includes a number of new features, such as:
Updated coverage of the latest accounting standards
New case studies and examples
An enhanced focus on international financial accounting
A companion website with additional resources

Corporate Financial Accounting, 5th Edition is an essential resource for students, practitioners, and anyone else who wants to learn more about the principles and practices of corporate financial accounting.

Part 1: Introduction to Financial Accounting

The first part of the book provides an overview of financial accounting, including its history, purpose, and users. The chapters in this part cover the following topics:
The history of financial accounting
The purpose of financial accounting
The users of financial accounting
The types of financial statements
The accounting equation
The double-entry bookkeeping system

Part 2: The Accounting Cycle

The second part of the book covers the accounting cycle, which is the process of recording, classifying, summarizing, and reporting financial information. The chapters in this part cover the following topics:
The steps in the accounting cycle
The journal
The ledger
The trial balance
The financial statements

Part 3: Financial Statements

The third part of the book covers the financial statements, which are the primary means of communicating financial information to users. The chapters in this part cover the following topics:
The balance sheet
The income statement
The statement of cash flows
The statement of retained earnings
The notes to the financial statements

Part 4: Long-Term Assets

The fourth part of the book covers long-term assets, which are assets that are expected to be used for more than one year. The chapters in this part cover the following topics:
The acquisition of long-term assets
The depreciation of long-term assets
The disposal of long-term assets
The impairment of long-term assets

Part 5: Liabilities and Equity

The fifth part of the book covers liabilities and equity, which are the sources of financing for a company. The chapters in this part cover the following topics:
The nature of liabilities
The classification of liabilities
The measurement of liabilities
The extinguishment of liabilities
The nature of equity
The classification of equity
The measurement of equity
The distribution of equity

Part 6: Special Topics in Financial Accounting

The sixth part of the book covers special topics in financial accounting, including:
Leases
Investments
Derivatives
Foreign currency translation
Consolidated financial statements

2024-11-28


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