1 Accounting in Action 1-1

2 The Recording Process 2-1

3 Adjusting the Accounts 3-1

4 Completing the Accounting Cycle 4-1

5 Accounting for Merchandise Operations 5-1

6 Inventories 6-1

7 Accounting Information Systems 7-1

8 Fraud, Internal Control, and Cash 8-1

9 Accounting for Receivables 9-1

10 Plant Assets, Natural Resources, and Intangible Assets 10-1

11 Current Liabilities 11-1

12 Accounting for Partnerships 12-1

13 Corporations: Organization and Share Capital Transactions 13-1

14 Corporations: Dividends, Retained Earnings, and Income Reporting 14-1

15 Non-Current Liabilities 15-1

16 Investments 16-1

17 Statement of Cash Flows 17-1

18 Financial Analysis: The Big Picture 18-1

19 Managerial Accounting 19-1

20 Job Order Costing 20-1

21 Process Costing 21-1

22 Cost-Volume-Profit 22-1

23 Incremental Analysis 23-1

24 Budgetary Planning 24-1

25 Budgetary Control and Responsibility Accounting 25-1

26 Standard Costs and Balanced Scorecard 26-1

27 Planning for Capital Investments 27-1

Appendices

A Specimen Financial Statements: TSMC, Ltd. A-1

B Specimen Financial Statements: Nestlé SA B-1

C Specimen Financial Statements: Delfi Limited C-1

D Specimen Financial Statements: Apple Inc. D-1

E Time Value of Money E-1

F Just-in-Time Processing and Activity-Based Costing F-1

Company Index / Subject Index I-1

ACCOUNTING PRINCIPLES

Accounting Principles, Global Edition continues to provide students with a trusted and clear introduction to fundamental accounting concepts, which has made this best-selling text so popular. Helping students get the most out of their accounting course by making practice simple, the Global Edition continues to present the accounting cycle from a sole proprietor perspective, providing the latest IFRS integration throughout (separate references to GAAP are made at the end of each chapter for courses where needed). Using metric units and companies with a more global feel, this new text is ideal for courses across the world.

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