Intermediate Accounting presents accounting from the perspective of the essential activities of business: operating, investing, and financing. Learners will see accounting as it is in the real world -- an essential component of the management function and decision-making process.

PART 1: Foundations of Financial Accounting

1 Financial Reporting

2 A Review of the Accounting Cycle

3 The Balance Sheet and Notes to the Financial Statements

4 The Income Statement

5 The Statement of Cash Flows

PART 2: Primary Activities of a Business

Section I: Operating Activities

6 Earnings Management

7 The Revenue/Receivables/Cash Cycle

8 Revenue Recognition

9 Inventory and Cost of Goods Sold

Section 2: Financing Activities

10 Debt Financing

11 Equity Financing

Section 3: investing Activities

12 Investments in Noncurrent Operating Assets--Acquisition

13 Investments in Noncurrent Operating Assets--Utilization and Retirement

14 Investments in Debt and Equity Securities

PART 3: Additional Activities and Common Disclosures of a Business

15 Leases

16 Income Taxes

17 Employee Compensation--Payroll, Pensions, and Other Compensation Issues

18 Derivatives, Contingencies, Business Segments, and Interim Reports

Part 4: Other Dimensions of Financial Reporting

19 Earnings Per Share

20 Accounting Changes and Error Corrections

21 Analysis of Financial Statements

A The Walt Disney Company 2001 Annual Report

B Time Value of Money

C Index of References to APB and FASB Pronouncements

D Glossary

E Check Figures

Indexes

Subject Index

Index of Real Companies and Internet Sites