公司财务报告：第三版

     Table of Contents
   The Institutional Setting and
    Fundamental Accounting Concepts
    1 The Institutional Setting and the
    Development of Financial Reporting
    Standards
    The Focus on Financial Infonnation
    Standard-Setting Organizations in the United
    States
    The American Institute of Certified Public
    Accountants
    The Financial Accounting Standards
    Board
    The Securities and Exchange
    Commission
    Other Influential Organizations
    Intemational Standard-Setting
    Organizations
    Appendix lA A Brief Summary of Key
    EU Objectives
    Appendix 1B lASC Accounting
    Standards
    2 Fundamental Accounting Concepts and
    the Conceptual Framework
    Accounting Fundamentals
    Purpose of Accounting
    The Accounting Equation
    Accrual Accounting
    The Conceptual Framework
    Financial Reporting Objectives
    Qualitative Characteristics of Accounting
    Information
    Recognition and Measurement
    Other Accepted Accounting Concepts
    Intemational Considerations
    Appendix 2A A Review of the Accounting
    Cycle
    Comprehensive Dlustration: Allen
    Corporation
    Case 2-1: The Garden Center, Inc. (A)
    Case 2-2: The Garden Center, Inc. (B)
    Case 2-3: Flowtron, Inc.
    Case 2-4: Wattle Creek Winery
   The Measurement and Reporting
    of Income, Financial Position,
    and Cash Flows
    3 Revenue Recognition, Receivables, and
    the Income Statement
    The Income Statement
    Revenue Realization and Recognition
    Criteria for Recognition
    Recognition Methods
    Special Industry Methods
    Revenue Adjustments
    Creative Recognition Methods
    Financial Analysis
    Profitability Analysis
    Asset Management
    Analysis of Risk
    Intemational Considerations
    Dlustrative Case: Sybra, Inc.
    Case 3-1: Diamondback Construction
    Company
    Case 3-2: Crcdit & Collection
    Corporation
    Case 3-3: A. H. Robins Company, Inc.-Trade
    Receivables
    Case 3-4: Informix Corporation
    Case 3-5: Candela Laser Corporation
    4 The Balance Sheet
    Elements of the Balance Sheet
    Assets
    Liabilities
    Minority Interest
    Stockholders' Equity
    Balance Sheet Analysis
    Intemational Considerations
    Dlustrative Case: Merck & Company
    Inc.
    Case 4-1: Balance Sheets Tell a Story
    Case 4-2: Deerc and Caterpillar
    Case 4-3: Balance Sheets Across
    Industries
    Case 4-4: Auto Company Balance Sheets-
    intemational
    5 The Statement of Cash Flows
    Importance of Cash Flow
    Preparing a Statement of Cash Plows
    Methods of Prcparing a SCF
    Operating Activities
    Investing Activities
    Financing Activities
    Relational Insights
    Cash Flow Analysis
    Intemational Considerations
    lUustrative Case: Whirlpool Corporation
    Appendix 5A An Example of Prcparing a
    Statement of Cash Flows Using the
    Indirect Method: The La-Z-Boy Chair
    Company
    Case 5-1: Monsanto Company
    Case 5-2: Compton Computing Systems
    (A)
    Case 5-3: Compton Computing Systems
    (B)
    Case 5-4: Southland Corporation
    Case 5-5: Campbell Soup Company
    Case 5-6: The Regina Company
    Case 5-7: Bethlehem Steel Corporation
    6 Corporate Accountability and the
    Independent Auditor
    Corporate Accountability
    Fraudulent Financial Reporting
    Opinion Shopping
    The Independent Auditor
    Auditor's Report
    Investigation and Detection of Fraud
    Other Audit Communications
    Intemational Considerations
    Financial Reporting, Efficient Capital Markets,
    and a Positive Theory of
    Accounting
    Prospective Information
    Case 6-1: Datapoint Corporation
    Case 6-2: The Leslie Pay Companies
    Case 6-3: Mattel, Inc.
    Case 6-4: The Regina Company (A)
    Case 6-5: MiniScribe Corporation (B)
   PART3
    The Measurement and Reporting
    ofAssets
    7 Inventories and the Cost of Goods
    Sold
    Accounting for Inventories
    Inventory Quantities
    Inventory Costs .--
    Changes in Inventory Methods
    Standard Costs
    Lower of Cost or Market (LCM)
    Financial Analysis
    Intemational Considerations
    Dlustrative Case: The Oliver company
    Dlustrative Case: Champion Spark Plug
    Company
    Case 7-1: Paragon Electronics, Inc.-lnventory
    Cost Plow
    Case 7-2: A. H. Robins Company-
    Inventory (A)
    Case 7-3: A. H. Robins Company-
    Inventory (B)
    Case 7-4: A. H. Robins Company-
    Inventory (C)
    Case 7-5: Holland Corporation
    Case 7-6: Wrencroft Appliance
    Company
    Case 7-7: Tonka Corporation-Hasbro
    Inc.
    Case 7-8: Packaging and Containers,
    Inc.
    8 Marketable Securities and Intercorporate
    Investments
    Short-Term Intercorporate Investments
    Intemational Considerations
    Long-Term Intercorporate Investments
    Passive Investments
    Active Investments
    Other Investments
    Intemational Considerations
    Consolidated Financial Reporting
    Business Combinations; Legal
    Considerations
    DlustratioD
    Intemational Considerations
    Financial Analysis
    Dlustrative Case: BF Corporation
    Case 8-1: San Antonio Enterprises
    Case 8-2: UFS Corporation
    Case 8-3: Bristol-Myers/Squibb
    Case 8-4: Philip Moms/Kraft
    Case 8-5: Elmendorf Communications
    Case 8-6: The AT&T-NCR Merger
    Case 8-7: intemational Acquisitions, Inc.
    9 Noncurrent Assets and
    Amortization
    Accountmg Overview
    Fixed Assets
    Amortization
    Betterment Accountmg
    Intemational Considerations
    Intangible Assets
    Amortization
    Tax Considerations
    Intemational Considerations
    Natural Resources
    Cost Capitalization
    Amortization
    Other Noncurrent Assets
    Financial Analysis
    Accounting Changes
    lllustrative Case: Texas Land
    Corporation
    Case 9-1: West Virginia Coal Company
    Case 9-2: Amencan Toy Company-The
    Zapper
    Case 9-3: Consolidated Jewelry, Inc.
    Case 9-4: Accounting for Noncurrent Assets:
    Three Examples
    Case 9-5: Hamischfeger Corporation
    Case 9-6: British Airways PLC
    Case 9-7: SANTOS, Ltd.
    Case 9-8: The Restructuring of Wheeling
    Pittsburgh
   PART4
    The Measurement and Reporting
    ofLiabilities
    lO Fundamental Concepts in Liability
    Valuation and Reporting 497
    Characteristics of Liabilities
    Current Liabilities
    Debt Refinancing
    Callable (Redeemable) Debt
    Long-Tenn Liabilities
    Valuation of Notes
    More on Premiums/Discounts
    Exdnguishment of Debt
    Convertible Debt
    Debt Restructuring
    Risk: An Expanded Notion ot Liability
    Financial Analysis
    Intemational Considerations
    Dlustrative Case: Leslie Corporadon
    Appendix lOA Present Value Concepts
    Appendix lOB Derivative Instruments
    Appendix lOC Hedge Accounting
    Case l0-l: R. J, Miller, Inc.
    Case l0-2: How Much Is Enough: Assessing
    Personal Financial-Planning Needs
    Case l0-3: McDonald's Corporation
    Case 10-4: Columbia Gas Systems, Inc.
    Case 10-5: Bradlees, Inc.
    ll Financial Commitments and
    Contingendes
    Accounting and Economic Liabilities
    Commitments and Contingencies
    Commitments
    Contingent Liabilities
    Leases
    Controversy
    Capital Leases
    Financial Statement Disclosurc
    Accounting and Reporting by
    Lessors
    Off-Balance-Sheet Financing
    Financial Analysis
    Intemational Considerations
    Dlustrative Case: Sybra, Inc. (B)
    Case ll-l: Catur Federal Savings and Loan-
    Lease Options
    Case 11-2: Freeport Steel Corporation
    Case ll-3: Manville Corporation
    Case ll-4: Accounting fpr Leases: The Airline
    Industry
    Case ll-5: Alannas Avancados, S.A
    Case 11-6: Special Electronics, Inc.
    Casell-7GlobalUmted,Ino
    12 Pensions and Other Postretirement
    Benefits
    Pensions
    Pension Accounting
    SFAS 87 and the Income Statement
    SFAS 87 and the Balance Sheet
    SFAS 87 Dlustrated
    Special Examples of SFAS 87
    Plan Terminations and Asset
    Reversions
    Funding Implications
    Postretirement Benefits Other Than
    Pensions
    Financial Analysis
    Intemational Considerations
    Dlustrative Case: Snap-on Tools
    Corporation
    Appendix 12A Actuarial Cost Methods
    Appendix 12B Major Provisions of the
    Employee Retirement Income Security Act
    of 1974
    Appendix 12C Pension and Other
    Postretirement Benefits Glossary
    Case 12-l: Dunlap Corporation
    Case 12-2: Michigan Metals
    Corporation
    Case 12-3: NL Industries, Inc.
    Case 12-4: Fichthom Manufacturing
    Company
    Case l2-5: Cortland Sportswear, Inc.
    Case 12-6: Bethlehem Steel: Understanding
    Pension Fund Disclosures
    13 Income Taxes and Business
    Decisions
    Business Taxes
    Accountmg for Income Taxes
    Differences Between Tax Accounting and
    Financial Reporting
    Some Necessary Background
    Contemporary Accountmg for Income
    Taxes
    The Importance of Taxes in Business
    Decisions
    Tax Planning
    Fonn of Business Orgamzation
    Business Location
    Mergers and Acquisitions
    The Financial Reporting/Income Tax
    Interface
    Financial Analysis
    Intemational Considerations
    Dlustrative Case: H. J. Heinz Company
    Appendix BA Incomc Tax Consideration of
    Mergers and Acquisitions
    Appendix 13B Taxes Other Than Federal
    Income Taxes
    Case 13-l: Heplewhite Manufacturing
    Company
    Case 13-2: Allweather Broadcasting
    Company
    Case 13-3: H. J. Heinz Company (B)
    Case 13-4: Delta Woodside Industries,
    Inc. 712
   The Measurement and Reporting of
    Stockholders' Equity
    14 Stockholders'Equity
    Capital Stock
    Common Stock
    Preferred Stock
    Capital in Excess of Par or Stated
    Value
    Other Equity Accounts
    Retained Eamings
    Dividends and Stock Splits
    Cash Dividends
    Stock Dividends
    Stock Splits
    Treasury Stock
    Stock Warrants
    Employee Stock Options and Compensation
    Plans
    Eamings per Share
    Primary and Full Duutea
    Basic and Diluted
    Comprehensive Income
    Financial Analysis
    Intemational Considerations
    Illustrative Case: Caterpillar, Inc.
    Case 14-l: Westinghouse Electric
    Company
    Case l4-2: Peoples Savings Association
    Case l4-3: intemational Business Machines:
    Improvmg Big Blue's Flat EPS
    Case l4-4: Ratios TeU a Story-l995
    Case l4-5: LVMH: Moet Hennessy Louis-
    Vuitton
   PART6
    Selected Reporting and Disclosure Issues
    and Assessing the Quality of Reported
    Earnings and Financial Position
    15 Selected Reporting and
    Disclosure Issues
    Experimenting with the Financial Reporting of
    Changing Prices
    Changing Prices and the FASB
    Accounting for Foreign Operations
    Foreign Currency Translation
    Business-Segment Reporting
    Addressing the Needs of the 1970s and the
    1980s
    Addressing the Needs of the 1990s and
    Beyond
    Interim Financial Reporting
    Financial Analysis
    Intemational Considerations
    Illlustrative Case: Champion Intemational
    Corporation
    Case 15-l: May's Plumbing Service
    Case 15-2: The Tale of Three Profits
    Case 15-3: Global Communications, Inc
    Case 15-4: Moon Computers, Inc.
    Case 15-5: The Trump Taj Mahal
    Case 15-6: Aracruz Celulose S.A.
    Case l5-7: National Cabinet Lock of Canada,
    Inc.
    16 Assessing the Quality of Reported
    Earnings and Financial Position
    Financial Ratio Insights
    Cash Flow Insights
    Income Statement I
    Insights
    Revenue Recognition
    Expense Recognition
    Single-Event Phenomena
    Sources of Additional Insighl
    Company-Generated Insights
    Noncompany-Generated Insights
    Intemational Considerations
    mustrative Case: A "What If" Exercise
    Case 16-1: America Online, Inc.
    Case l6-2: Thousand Trails, Inc. (A)
    Case 16-3: Silverado and Lincoln Savings and
    Loans
    Case 16-4: MiniScribe Corporation
    Case 16-5: Blockbuster Entertainment
    Corporation (B)
    Case 16-6: Daimler-Benz: Accounting for
    Reserves
    Index