Page 8 - Account for Ag - 2019

iv Table of Contents

CHAPTER FIFTEEN: ANALYSIS AND MEASURES OF PERFORMANCE
Need for Analysis - Basic Analytical Procedures - Horizontal Analysis of Statements -
Vertical Analysis of Statements - Other Analytical Measures - Current Ratio - Acid Test
Ratio - Ratio of Owners' Equity to Liabilities - Ratio of Plant and Equipment to Long-Term
Liabilities - Accounts Receivable Turnover - Merchandise Inventory Turnover - Ratio of
Sales to Assets - Rate Earned on Total Assets - Rate Earned on Owners' Equity - Other
Measurements.

VI. TAX CONSIDERATIONS

CHAPTER SIXTEEN: ACCOUNTING FOR INCOME TAXES
Nature of Taxes - Relationship to Accounting - Tax Planning - Tax Evasion and Tax
Avoidance - Types of Taxation - Nature of Property Taxes : Types of Property, Value of
Property, Tax Rates, Payment of Taxes - Accounting for Property Taxes - Delinquent
Taxes on Property Purchased - Special Assessments - Nature of Sales Taxes - Accounting
for Sales Taxes - Sales Taxes Imposed Upon the Seller - State and Municipal Income
Taxes - Federal Income Tax: Federal Income Tax Synopsis, Classes of Taxpayers -
Accounting Methods: Accrual Basis, Cash Basis - The Individual Income Tax - Gross
Income, Deductions to Arrive at Adjusted Gross Income, Deductions from Adjusted Gross
Income, Federal Income Tax Rates, Tax Credits and Prepayments, The Corporation Income
Tax - Net Income and Taxable Income - Taxes and the Distortion of Net Income - Entries
for the Allocation of Taxes.

VII. BUDGETS AND BUSINESS PLANNING

CHAPTER SEVENTEEN: BUDGETS & BUDGETING
Budgets & Their Objectives: Planning . Control . Coordinating (Communication &
Motivation) - The Budget Period - Preparing a Budget: Sales Budget . Merchandising
Production, and Material Purchases Budgets - Expense Budget - Plant and Equipment
Budget - Cash Budget - Master Budget- Accounting and Budgeting - Preparing Estimated
Statements - Fixed and Variable Budgets - Fixed and Variable Expenses and Break-Even
Points - Calculating the Sales Required for a Desired Net Income - Managerial Evaluation
of Alternatives.

CHAPTER EIGHTEEN: FUNDS FLOW
Nature of Funds - Flow of Funds: Sources of Funds . Funds from Operations . Funds from
Long-Term Loans . Funds From the Sale of Noncurrent Assets . Funds from the Sale of
Capital Stock - Applications of Funds: Purchase of Noncurrent Assets . Payment of
Noncurrent Liabilities . Declaration of a Dividend - Funds Statement - Preparing a Funds
Statement: Changes in Working Capital Section . Flow of Funds Section - Funds Statement
Working Paper - Analyzing Entries: Sources of Information for Analyzing Entries . Order
in Which Analyzing Entries are Made . Analyzing Entries Illustrated - Usefulness of a
Funds Statement - Cash Flow: Cash Flow Distinguished from Funds Flow.

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