1. Introduction.
I. THE HISTORICAL DEVELOPMENT OF ACCOUNTING.
2. The Record-Keeping Function of Accounting.
3. Emergence of the Financial Reporting Function.
4. Financial Accounting in the Twentieth Century.
II. ACCOUNTING STANDARDS TODAY.
5. Accrual Accounting.
6. Initial Recognition and Measurement.
7. Recognition of Revenues and Peripheral Sales and Realizations.
8. Expense Recognition; Losses and Contingencies.
9. Financial Position and Capital.
10. Inventory and Cost of Sales.
11. Tangible Capital Assets and Depreciation.
12. Intangibles.
13. Leases.
14. Employee Compensation—Pensions and Other Post-Employment Benefits; Stock-Based Compensation.
15. Government Assistance.
16. Income Tax.
17. Financial Instruments.
18. Recognition of Asset Impairment; Statement Presentation of Accounting Adjustments and Extraordinary, Unusual and Peripheral Gains and Losses.
19. Business Combinations.
20. Intercorporate Investments.
21. Foreign Currency Translation.
22. Cash Flow Statements.
23. Disclosure Issues.
24. Accounting for Changing Prices.
III. A CONCEPTUAL FRAMEWORK AND STANDARD SETTING.
25. A Conceptual Framework for Financial Reporting.
26. The Establishment of Accounting Standards.
IV. NOT-FOR-PROFIT ORGANIZATIONS AND GOVERNMENTS.
27. Not-for-Profit Organizations.
28. Government.
