DescriptionThis is the study guide to accompany Financial Accounting in an Economic Context, 9e.
By focusing on three elemental themes -- economic factors, measurement issues, and decision-making perspective -- Jamie Pratt's Financial Accounting in an Economic Context, 9th Edition provides a clear understanding of the relevance of principles applied in the real world. Virtually every concept refers to a real company, a real situation, or a real event. Pratt 9e takes an integrative look at accounting and finance by considering the impact of economics, internal controls, international standard, ethics, decision-making, and earnings management. A complete financial picture can be drawn using the tools presented in this text. This text enables MBA and undergraduate students to develop an understanding of the impact that economic events have on business. New elements in the ninth edition sharpen the text’s economic decision-making foundation and is available with Quantum’s intelligent adaptive learning and assessment software.
2 The Financial Statements 2-1
3 The Measurement Fundamentals of Financial Accounting 3-1
4 The Mechanics of Financial Accounting 4-1
5 Using Financial Statement Information 5-1
6 The Current Asset Classification, Cash, and Accounts Receivable 6-1
7 Merchandise Inventory 7-1
8 Investments in Equity Securities 8-1
9 Long-Lived Assets 9-1
10 Introduction to Liabilities: Economic Consequences, Current Liabilities, and Contingencies 10-1
11 Long-Term Liabilities: Notes, Bonds, and Leases 11-1
12 Shareholders’ Equity 12-1
13 The Complete Income Statement 13-1
14 The Statement of Cash Flows 14-1