Corporate Financial Accounting

Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren taught all levels of accounting courses, with a primary focus on introductory accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren’s outside interests include handball, backpacking, skiing, hiking, fly-fishing and golf. He also tries to spend as much time as possible with his five grandchildren (two sets of twins). Dr. Warren and his wife reside in Montana. Dr. Jefferson P. Jones is an associate professor of accounting in the School of Accountancy at Auburn University, where he teaches financial accounting and applied financial research courses. He received his B.S. and Master of Accountancy degrees from Auburn University and his Ph.D. from Florida State University. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (12 times), the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times), the Auburn University Outstanding Distance Master of Accountancy Teaching Award (three times) and the Auburn University College of Business McCartney Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. Dr. Jones has public accounting experience as an auditor with Deloitte and Touche and holds a C.P.A. certificate in the state of Alabama (inactive). He is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA) and the Alabama Society of CPAs (ASCPA). His research interests focus on financial accounting, specifically investigating the quality of reported accounting information and accounting education. He has published articles in numerous journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting and The CPA Journal. When not at work, Dr. Jones enjoys playing golf and watching college football. William B. Tayler is the Robert J. Smith Professor of Accountancy in the Marriott School of Business at Brigham Young University. Dr. Tayler is an internationally renowned, award winning accounting teacher and researcher.

• 1. Introduction to Accounting and Business.2. Analyzing Transactions.3. The Adjusting Process.4. Completing the Accounting Cycle.Appendix 1: End-of-Period Spreadsheet.Appendix 2: Statement of Cash Flows for NetSolutions.5. Accounting for Merchandising Businesses.Appendix 1: Sales Discounts.Appendix 2: The Periodic Inventory System.6. Inventories.Appendix: Estimating Inventory Cost.7. Internal Control and Cash.8. Receivables.9. Long-term Operating Assets.Appendix: Exchanging Similar Fixed Assets.10. Liabilities: Current, Notes, and Contingencies.11. Liabilities: Bonds Payable.Appendix 1: Present Value Concepts for Pricing Bonds.Appendix 2: Effective Interest Rate Method of Amortization.12. Corporations: Organization, Stock Transactions, and Dividends.13. Statement of Cash Flows.Appendix 1: Spreadsheet (Worksheet) for Statement of Cash Flows—The Indirect Method.Appendix 2: Preparing the Statement of Cash Flows—The Direct Method.14. Financial Statement Analysis.Appendix: Spreadsheet for Statement of Cash Flows: Indirect Method.Appendix A: Present Value Tables.Appendix B: Selected Topics.Topic 1: Investments.Topic 2: Reporting Unusual Items and Comprehensive Income.Topic 3: Foreign Currency Transactions.Topic 4: Corporate Taxes.Appendix C: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2023 Selected Excerpts.Glossary.Index.Online Appendices.Appendix O-1: Reversing Journal Entries.Appendix O-2: Special Journals and Subsidiary Ledgers.Appendix O-3: Revenue Recognition.Appendix O-4: International Accounting Standards.