TAILIEUCHUNG - Ebook Using financial accounting information (7th edition): Part 2

(BQ) Part 2 book "Using financial accounting information" has contents: Financial statement analysis, the statement of cash flows, stockholders' equity, long term liabilities, current liabilities, contingencies, and the time value of money. | Current Liabilities, Contingencies, and the Time Value of Money 9 LO1 Identify the components of the Current Liability category of the balance sheet. LO2 Examine how accruals affect the Current Liability category. LO3 Explain how changes in current liabilities affect the statement of cash flows. LO4 LO5 Explain the difference between simple and compound interest. LO6 Calculate amounts using the future value and present value concepts. LO7 Apply the compound interest concepts to some common accounting situations. Determine when contingent liabilities should be presented on the balance sheet or disclosed in notes and how to calculate their amounts. A Look at Previous Chapters The previous chapters were concerned with the asset portion of the balance sheet. We examined the accounting for current assets, such as inventory, as well as long-term assets such as property, plant, and equipment. A Look at This Chapter This chapter examines the accounting for current liabilities that are an important aspect of a company’s liquidity. Chapter 9 also discusses how contingent liabilities should be treated on the financial statement. Finally, the chapter introduces the concept of the time value of money. This important concept will be used extensively in future chapters. A Look at the Upcoming Chapter Chapter 10 presents the accounting for long-term liabilities. The time value of money concept developed in Chapter 9 is applied to several long-term liability issues in Chapter 10. Starbucks Corporation W hen you think of cof- The company even closed some outlets current assets and liabilities. This chapter fee, Cor- during the tough economic conditions will consider the following questions: come of 2008. Still, the company reported • What accounts should be presented to mind. The company’s objective is net earnings of $ million for the in the Current Liabilities section of to establish itself as one of the most year ended September 28, 2008. the

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• Using financial accounting information
• Financial accounting
• Accounting information
• Financial statement analysis
• The statement
• The time value of money
• The annual report
• Processing accounting information
• Internal control
• Financial reporting
• Financial accounting information
• Financial Statements
• Financial reporting & analysis
• Statement of cash flows
• Real estate companies
• Personal financial statements
• Balance sheet
• Income statement
• Economic context
• The financial statements
• The measurement fundamentals
• Using financial statement information
• Accounts receivable
• Merchandise inventory
• Dividend Rates
• Payout Ratios
• Using Accounting
• accounting Methods
• Subdividing EPS Amounts
• Special Reporting Situations
• Characteristics
• Key Assumptions
• Cash Flows
• Accounting
• Understanding business
• Distributing products
• Using effective promotions
• Understanding accounting
• Financial information
• Financial management