When I reviewed this work, The Introductory Financial Accounting textbook was last updated on February 20, 2015. It was written by Anthony J. Cataldo II of West Chester University of Pennsylvania.
Cataldo has been on the faculty at West Chester University since 2007. Before then, he was a public accountant with the California Auditor General and was a forensic accountant. He testified in cases adjudicated in Arizona, California, Nevada, Texas and Minnesota involving automobile manufacturers like Ford, GM, Chrysler, Toyota and others. He has also taught at the University of Arizona and Northeastern.
This appears to be the official accounting textbook for ACC201 at Cataldo’s home university. From the course catalog, “Introduction to financial accounting. A conceptual approach to recording, summarizing, presenting, and evaluating the financial affairs of a business.” This is the first course listed under the accounting curriculum and most likely the first accounting class students will attempt. There are no stated prerequisites.
Taking a quick look at the first chapter, it seems like this introductory accounting textbook would be useful to all university students; not just those for whom it is a required course.
Each of the chapters begins with stated learning objectives.
Table of Contents for Introductory Financial Accounting Textbook
- Chapter 1 – Accounting for Business
- Appendix Topics: Qualitative Characteristics of Accounting Information, Return on Assets, Framework for Business Activities
- Chapter 2 – Accounting for Business Transactions & Journalizing
- Appendix Topics: Debt Ratio
- Chapter 3 – Adjusting Journal Entries & Preparing Financial Statements
- Appendix Topics: Profit Margin, Current Ratio, Reversing Journal Entries
- Chapter 4 – Accounting for Merchandising Firms
- Appendix Topics: Acid-Test (Quick) Ratio, Gross Margin Ratio, Perpetual v. Periodic Inventory
- Chapter 5 – Accounting for Inventories
- Appendix Topics: Inventory Turnover, Days’ Sales in Inventory, A Periodic System of Inventory Costing, Inventory Estimation Methods
- Chapter 6 – Internal Control & Cash
- Appendix Topics: Cash Receipts Journal, Cash Disbursements Journal, Source Documentation, Accounting for Purchase Discounts
- Chapter 7 – Accounting for Short-Term or Current Assets & Receivables
- Appendix Topics: Accounts Receivable Turnover, Sales Journal
- Chapter 8 – Accounting for Long-Term or Non-Current Assets
- Appendix Topics: Total Asset Turnover, The Wild Text: A Methodological Flaw
- Chapter 9 – Accounting for Short-Term or Current Liabilities
- Appendix Topics: Times Interest Earned Ratio, Corporate Income Taxes, Historical U.S. Corporate Income Tax Rates
- Chapter 10 – Accounting for Long-Term or Non-Current Liabilities
- Appendix Topics: Present Value, Effective Interest, Bond Issues between Dates, Leases, Pensions, Present Value of $1, Present Value of an Annuity of $1 in Arrears
- Chapter 11 – Accounting for Equity
- Appendix Topics: Earnings per Share, Price-Earnings Ratio, Dividend Yield, Book Value per Share
View this Free Online Material at the source:
Introductory Financial Accounting
