Accounting Principles 14th Edition Weygandt Test Bank
Test Bank for Accounting Principles 14th Edition By Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell, ISBN: 9781565332614, ISBN: 1119707080, ISBN: 9781119707080
TABLE OF CONTENTS
1 Accounting in Action 1-1
2 The Recording Process 2-1
3 Adjusting the Accounts 3-1
4 Completing the Accounting Cycle 4-1
5 Accounting for Merchandising Operations 5-1
6 Inventories 6-1
7 Accounting Information Systems 7-1
8 Fraud, Internal Control, and Cash 8-1
9 Accounting for Receivables 9-1
10 Plant Assets, Natural Resources, and Intangible Assets 10-1
11 Current Liabilities and Payroll Accounting 11-1
12 Accounting for Partnerships 12-1
13 Corporations: Organization and Capital Stock Transactions 13-1
14 Corporations: Dividends, Retained Earnings, and Income Reporting 14-1
15 Long-Term Liabilities 15-1
16 Investments 16-1
17 Statement of Cash Flows 17-1
18 Financial Analysis: The Big Picture 18-1
19 Managerial Accounting 19-1
20 Job Order Costing 20-1
21 Process Costing 21-1
22 Cost-Volume-Profit 22-1
23 Incremental Analysis 23-1
24 Budgetary Planning 24-1
25 Budgetary Control and Responsibility Accounting 25-1
26 Standard Costs and Balanced Scorecard 26-1
27 Planning for Capital Investments 27-1
CHAPTER 1
ACCOUNTING IN ACTION
CHAPTER LEARNING OBJECTIVES
1. Identify the activities and users associated with accounting. Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. The major users and uses of accounting are as follows: (a) Management uses accounting information to plan, organize, and run the business. (b) Investors (owners) decide whether to buy, hold, or sell their financial interests on the basis of accounting data. (c) Creditors (suppliers and bankers) evaluate the risks of granting credit or lending money on the basis of accounting information. Other groups that use accounting information are taxing authorities, regulatory agencies, customers, and labor unions.
