909
 
    Subject Index
     
   
 A
Accelerated depreciation, 746
Account analysis
T-accounts, 161–166
using posting references, 541
Accounting cycle
complete, 281–282
through adjusted trial
    balance, 191
Account form balance sheet, 241, 244
Accounting information systems,
see Learning Goal 24
Accounts payable, 241, 243, 517
Accounting periods, 3–6
Accounting software, checklist,
see Appendix
Accounts receivable, 242, 664
allowance method, 666–667
aging, 668–671
balance sheet presentation, 241
controlling and subsidiary, 517
credit card sales as, 638
factoring, 678
turnover/days to collect,
    854–855, 882
valuation, 665, 675
Accruals overview, 12, 120
Accrual-basis accounting, 12
compared to cash basis, 20–22
defined, 19,
rules for using, 20
Accrued expense
  adjustments for, 136–150, 159–160,
    541, 787
calculations for adjustments, 143
defined, 137
  knowing when adjustment is
    needed, 158
omitting adjustment, effect of, 145
payment of cash for, 148–150
reversing entries for, see disk
wages, 823
Accrued liability, 137
Accrued revenue 121–134, 159–160
adjustment for, 123
calculations for adjustment, 127
knowing when adjustment is
    needed, 158
omitting adjustment, effect of, 129
receipt of cash for, 132–134
reversing entries for, see disk
Accumulated depreciation, 110–111
Acid-test ratio, 853, 882
Additions and betterments, 753
Adelphia, 880
Adjusted trial balance, 185–188
how to prepare, 186
used for financial statements,    
     187–188
worksheet, 400
Adjusting entries, 32–37
accrued expense, 136–150
accrued revenue, 121–135
all types summarized, 160
alternate methods for, see disk
common qualities of, 33–35
depreciation, 105–113
how to know if needed, 158
journal entry formats, 159–160
overview of process, 157–158
prepaid (deferred) expense, 40–69
reasons for, 36–37
reversing entries and, see disk
unearned (deferred) revenue, 73–99
worksheet as source, 232, 235
Allowance method for receivables,            666–667
Amortization
entry for, 766
various meanings of, 766
Assets
accounts receivable, 241–242, 517,
    664–679, 684
building, 743
cash as, 589–590
classification of, 241–2435
depreciation of, 105–113, 745–752
disposal methods, of 753–759
exchanges of, 755–758
fully depreciated, 749
gains and losses on, 403, 754–755,
    756–758
impaired, 760–761
intangible, 105, 765–766
land, 742–743
liquid, 242, 882
long-term, 241–243
lump-sum purchase, 744
merchandise inventory, 241,
     321–324, 358–363, 378–379,      452–462, 702–719, 855
notes receivable, 241–242, 681–684
prepaid expenses, 40–41, 242
property, plant, and equipment,
    243, 742–759
ratio analysis of, 859, 863, 882–883
retirement of, 754
sales of, 678, 754–780
valuation of, 665, 675,
    see also valuation
Auditing after Sarbanes-Oxley,
        880–881
B
Balance sheet
account form, 241, 244
cash on, 589–590
classified assets and liabilities on,
     240–245, 402, 845
horizontal analysis, 845
liabilities on, 241, 243–244, 788,
     876–877, 823
merchandise inventory on,
     240–241, 402, 703, 717
off-balance sheet financing,
    876–877
property, plant, and equipment on,
     240–241, 245, 767
receivables on, 240–241, 684
report form, 244–245, 845
vertical analysis, 847
worksheet source of, 232–234