Financial accounting essentials you always wanted to know / Kalpesh Ashar and Vibrant Publishers

Cover --
Accounting Systems --
1.1 Financial Accounting Systems --
1.2 Need for Financial Accounting Systems --
1.3 Financial Statements --
1.4 Purpose of Financial Statements --
1.5 Financial Accounting Standards --
Solved Examples --
Practice Exercise --
The Accounting Cycle --
2.1 Measuring Economic Activities --
2.2 Increasing and Decreasing Accounts --
Solved Examples --
Practice Exercise --
Discussion Questions --
End of Period Accounting Cycle --
3.1 Cash vs. Accrual Accounting --
3.2 Accruing Revenues and Incurring Expenses --
3.3 Financial Statement Reporting --
Solved Examples --
Practice Exercise --
Discussion Questions --
Overview of Financial Statements --
4.1 Balance Sheet --
4.2 Income Statement --
4.3 Statement of Cash Flows --
4.4 Notes to the Financial Statements --
4.5 Miscellaneous Accounting Concepts and Conventions --
Solved Examples --
Practice Exercise --
The Balance Sheet --
5.1 Current Assets --
5.2 Long-term Assets --
5.3 Current Liabilities --
5.4 Long-term Liabilities --
5.5 Stockholders’ Equity --
5.6.Transaction Analysis and Balance Sheet Creation --
Solved Examples --
Practice Exercise --
The Income Statement --
6.1 Measures of Income --
6.2 Types of Revenues --
6.3 Types of Expenses --
6.4 Earnings per Share (EPS) and Diluted EPS --
6.5 Revenue Recognition --
6.6 Expense Recognition --
6.7 Expanded Accounting Equation --
6.8 Transaction Analysis and Income Statement Creation --
Case Study:Case on Income Statement – Trader’s Home Inc --
Solved Examples --
Practice Exercise --
The Statement of Cash Flows --
7.1 Categories of Cash Flow Activities --
7.2 Cash Flow Pattern --
7.3 Cash Flow Statement Preparation --
Case Study:Case on Statement of Cash Flows – Groters Corporation --
Solved Examples --
Practice Exercise --
Glossary.

An accounting system helps capture and organize information related to business transactions.