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 218
TOPIC 5.1 Introduction 218
TOPIC 5.2 Manufacturing Cost Concepts 219
TOPIC 5.3 Cost Classification 226
TOPIC 5.4 Cost Behaviour 227
TOPIC 5.5 CVP Analysis 241
GLOSSARY 251
EXERCISE 253
Lesson 6 Auditing 260
TOPIC 6.1 Introduction to Auditing 260
TOPIC 6.2 GAAS and Mechanisms to Monitor and Enforce GAAS 264
TOPIC 6.3 Audit Planning 270
TOPIC 6.4 Internal Controls 279
TOPIC 6.5 Transaction Cycle Auditing and Completion of Audit 285
GLOSSARY 306
EXERCISE 309