ACCT UB.1 (ACCT-UB.1)

These lecture notes from Chapter 13 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge provide a comprehensive overview of financial statement analysis. The content explores how a company's business strategy influences financial outcomes and introduces analytical tools such as horizontal and vertical analysis. Students learn how to compute and interpret key ratios related to profitability, efficiency, liquidity, solvency, and market value. Real-world examples clarify how to eva...

These lecture notes from Chapter 12 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge provide an in-depth overview of the statement of cash flows. They explain how to classify cash flows into operating, investing, and financing activities, and detail how to prepare the operating section using the indirect method. The notes also cover how to interpret key performance metrics such as the quality of income ratio and capital acquisitions ratio. Examples clarify how real cash inflows ...

These lecture notes from Chapter 11 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge explain the role of stock in a corporation’s capital structure and provide a detailed overview of stockholders’ equity. Key topics include common and preferred stock characteristics, stock issuance, treasury stock, dividends (cash and stock), and stock splits. The notes also cover how to compute and interpret earnings per share and the dividend yield ratio. Students learn how equity transact...

These lecture notes from Chapter 10 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge explain the accounting and reporting of bond securities. Topics include the characteristics of bonds, issuance at par, discount, and premium, and how each impacts interest expense and financial statements. The notes cover key financial ratios such as the times interest earned ratio and the debt-to-equity ratio, which assess a company’s ability to meet debt obligations and evaluate leverage. Th...

These lecture notes from Chapter 9 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge focus on the identification, measurement, and reporting of liabilities. The notes cover current liabilities such as accounts payable and accrued expenses, along with the calculation and interpretation of the accounts payable turnover ratio. They also explain notes payable and the importance of the time value of money, including present value calculations. The chapter explores contingent liabiliti...

These lecture notes from Chapter 8 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge cover the classification, measurement, and reporting of long-lived productive assets, including property, plant, and equipment (PP&E), intangible assets, and natural resources. The notes explain how to apply the cost principle, calculate depreciation using various methods, recognize asset impairments, and account for asset disposals. They also cover the amortization of intangible assets and the d...

These lecture notes from Chapter 7 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge explore how businesses report and manage inventory and cost of goods sold. The notes explain the cost principle, demonstrate how to apply four inventory costing methods (FIFO, weighted average, specific identification), and discuss the impact of each on financial statements. They cover how to report inventory at the lower of cost or net realizable value (LCNRV), methods for inventory control, and...

These lecture notes from Chapter 6 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge explore how businesses report and interpret sales revenue, receivables, and cash. The notes explain how credit card fees, sales returns, and discounts affect net sales, and how companies estimate and account for uncollectible accounts using the allowance method. Students learn to calculate and interpret the receivables turnover ratio and days sales outstanding to assess cash collection efficiency...

These lecture notes from Chapter 5 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge focus on the communication and analysis of accounting information. The notes outline the roles of key participants—such as managers, directors, auditors, regulators, and users—in the financial reporting process, as well as the legal and professional standards they follow. Students learn the steps of corporate communication through press releases, quarterly and annual reports, and regulatory f...

These lecture notes from Chapter 4 of Financial Accounting (11th Edition) by Libby, Libby, and Hodge cover essential end-of-period procedures in the accounting cycle. The notes explain the purpose and types of adjusting entries used to align revenues and expenses with the accrual basis of accounting. Students learn how to prepare an income statement (including earnings per share), a statement of stockholders' equity, and a classified balance sheet. The lecture also introduces the total asset ...