Contents at a Glance Introduction.................................................................................1 Part I: Business Accounting Basics................................................5 Chapter 1: Elements of Business Accounting ...........................................................................................7 Chapter 2: Financial Effects of Transactions ..........................................................................................27 Chapter 3: Getting Started in the Bookkeeping Cycle ...........................................................................47 Chapter 4: The Bookkeeping Cycle: Adjusting and Closing Entries ....................................................75 Part II: Preparing Financial Statements .......................................97 Chapter 5: The Effects and Reporting of Profit ......................................................................................99 Chapter 6: Reporting Financial Condition in the Balance Sheet ........................................................119 Chapter 7: Coupling the Income Statement and Balance Sheet .........................................................143 Chapter 8: Reporting Cash Flows and Changes in Owners’ Equity ...................................................159 Chapter 9: Choosing Accounting Methods ...........................................................................................177 Part III: Managerial, Manufacturing, and Capital Accounting .....201 Chapter 10: Analyzing Profit Behavior ..................................................................................................203 Chapter 11: Manufacturing Cost Accounting........................................................................................229 Chapter 12: Figuring Out Interest and Return on Investment ............................................................259 Part IV: The Part of Tens...........................................................287 Chapter 13: Ten Things You Should Know About Business Financial Statements ..........................289 Chapter 14: A Ten-Point Checklist for Management Accountants .....................................................295 Index.......................................................................................301