Lesson 1 Principle of Financial Accounting 1
TOPIC 1.1 Introduction to Accounting 1
TOPIC 1.2 Conceptual Framework for Financial Reporting 5
TOPIC 1.3 The Accounting Equation 17
TOPIC 1.4 Accounting Cycle 22
GLOSSARY 59
EXERCISE 63
Lesson 2 Intermediate Financial Accounting 73
TOPIC 2.1 Cash 73
TOPIC 2.2 Sale and Receivables 77
TOPIC 2.3 Investments 84
TOPIC 2.4 Inventory 89
TOPIC 2.5 Fixed Assets and Intangibles Assets 106
TOPIC 2.6 Liabilities 118
TOPIC 2.7 Shares 123
GLOSSARY 126
EXERCISE 129
Lesson 3 Financial Statements and Financial Statement Analysis 137
TOPIC 3.1 Financial Statements 137
TOPIC 3.2 Financial Statement Analysis 147
GLOSSARY 162
EXERCISE 163
Lesson 4 Consolidation Accounting 171
TOPIC 4.1 Recording and Reporting Inter-Corporate Investments 171
TOPIC 4.2 Consolidation of 100％Owned Subsidiaries When the Parent Uses the Equity Method 175
TOPIC 4.3 Consolidation of Less Than 100％Owned Subsidiaries When the Parent Uses the Equity Method 193
GLOSSARY 212
EXERCISE 213
Lesson 5 Managerial Accounting 220
TOPIC 5.1 Introduction 220
TOPIC 5.2 Manufacturing Cost Concepts 221
TOPIC 5.3 Cost Classification 228
TOPIC 5.4 Cost Behaviour 229
TOPIC 5.5 CVP Analysis 243
GLOSSARY 253
EXERCISE 255
Lesson 6 Auditing 262
TOPIC 6.1 Introduction to Auditing 262
TOPIC 6.2 GAAS and Mechanisms to Monitor and Enforce GAAS 266
TOPIC 6.3 Audit Planning 272
TOPIC 6.4 Internal Controls 281
TOPIC 6.5 Transaction Cycle Auditing and Completion of Audit 287
GLOSSARY 308
EXERCISE 311