ENGINEERING ACCOUNTING -- LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA -- CONTENTS -- PREFACE -- ACKNOWLEDGMENT -- PART I -- Chapter 1 WHAT IS ACCOUNTING? -- ABSTRACT -- 1. IS ACCOUNTING NECESSARY? -- 2. ACCOUNTING FOR NON-MAJORS -- Self-Test for Basic of Accounting -- Chapter2 WHAT IS FINANCIAL ACCOUNTING? -- ABSTRACT -- 1. THE STAKEHOLDER OF ACCOUNTING -- (1) Various Information Users -- (2)Two major areas of accounting: Managerial Accounting and Financial Accounting -- 2. ACCOUNTING STANDARDS -- (1) GAAP (Generally Accepted Accounting Principles) -- (2) Basic Principles of Accounting -- 1)Historical cost -- 2) Revenue Recognition Principle -- 3)Matching Principle -- 4) Full Disclosure -- (3) Cash Basis and Accrual Basis -- 1) Cash Basis Accounting -- 2) Accrual Basis Accounting (★★) -- Chapter3 UNDERSTANDING FINANCIAL STATEMENTS -- ABSTRACT -- 1. COMPOSITION OF FINANCIAL STATEMENTS (★) -- 2. STATEMENT OF FINANCIAL POSITION -- (1) Asset -- (2) Liability -- (3) Equity -- 3. INCOME STATEMENT AND STATEMENT OF COMPREHENSIVE INCOME -- 4. STATEMENT OF CASH FLOW -- Chapter 4 UNDERSTANDING ACCRUAL BASIS AND CASH BASIS -- ABSTRACT -- 1. JOURNAL ENTRY -- 2. T-ACCOUNT -- 3. DEBIT AND CREDIT (★★★) -- 4. PRACTICE OF JOURNAL ENTRY -- (1) Purchased equipment for Cash -- (2) Purchase equipment on Credit -- (3) Provide Service for Cash -- (4) Payment of Expense in Cash -- (5) Loan from a bank -- (6) When KADORI repays 25,000 the bank that had lent money in transaction ' ' -- (7) Purchase equipment half for Cash and half for Credit -- (8) Provide Services on Credit -- (9)When KADORI received 2,000 cash from the client billed in transaction ' ' -- 5. THE FOUR FUNDAMENTALS OF ACCRUAL BASIS ACCOUNTING -- (1) Accrued Expenses (Accounts Payable) -- (2) Accrued Revenues (Account Receivable) -- (3) Prepaid Expenses -- (4) Unearned Revenues.

Chapter5 STATEMENT OF FINANCIAL POSITION - ASSET -- ABSTRACT -- 1. RELATIONSHIP OF FINANCIAL STATEMENTS -- 2. ASSET -- (1) Current Asset -- 1) Cash and Cash equivalents -- 2) Account Receivable (★★) -- 3) Allowance for Uncollectable Accounts -- .Allowance Method -- ②Direct Method -- ③Changes at the Point of Write-offs -- 4) Inventory -- ①Inventory Purchase (Inventory Costing, Acquisition Cost) -- ②Inventory Valuation Methods (★★) -- ③Inventory Valuation Method -- (2) Non-Current Asset (Fixed Asset) -- (1) Property, Plant and Equipment (PPE) -- (1) Acquisition Cost -- (2) Depreciation (★★) -- (3)There Are Four Elements for Determining Depreciation Expenses -- (4) Disposition -- (5) Relationship between Depreciation and Income Statement (★) -- (6)Reporting Depreciation in Statement of Financial Position (★) -- 2) Intangible Asset -- (1) Valuation of Intangible Assets -- (2) Amortization (Depreciation) of Intangible Assets -- (3)How to Take Care of Accounting in the Case of Internal Development -- (4) Accounting R&D Cost of IT Technology -- Chapter6 STATEMENT OF FINANCIAL POSITION - LIABILITY AND EQUITY -- ABSTRACT -- 1. LIABILITY -- (1) Three important Concept - 'Accounts Payable', 'Accrued Expenses' and 'Unearned Revenue' (Current Liability) -- 1) Accounts Payable (★★) -- 2) Accrued Expenses(★★) -- 3) Unearned Revenue (★★) -- 2. EQUITY (NET ASSET) -- (1) Common Stock -- (2) APCI (Additional-Paid-in-Capital) -- (3) Treasury Stock -- (4) R/E (Retained Earnings) -- (5) Dividends (Cash Dividends) -- Chapter 7 INCOME STATEMENT -- ABSTRACT -- 1. REVENUES AND RECOGNIZED REVENUE -- 2. Gross Profit (Gross Margin) -- 3. OPERATING INCOME -- 4. INCOME FROM CONTINUING OPERATION AND NET INCOME (INDEPTH) -- Chapter 8 CASH FLOW STATEMENT -- ABSTRACT -- 1. TO RECORD THE CASH FLOW STATEMENT -- 2. STEPS TO PREPARING THE CASH FLOW STATEMENT -- 3. DIRECT METHOD.

4. INDIRECT METHOD -- Chapter 9 RATIO ANALYSIS -- ABSTRACT -- 1. LIQUIDITY ANALYSIS -- 2. ASSET MANAGEMENT RATIO -- (1) Account Receivable Turnover -- (2) Inventory Turnover -- 3. Financial Leverage -- 4. PROFITABILITY -- Chapter 10 OTHERS: IFRS AND GAAP, EARNINGS MANAGEMENT AND FRAUDULENT REPORTING -- ABSTRACT -- 1. IFRS VS. GAAP -- 2. EARNINGS MANAGEMENT AND FRAUDULENT REPORTING -- 1) Motives for Earnings Management -- 2) Abnormality: Earnings Management, Earnings Manipulation and Fraudulent Reporting -- PART II -- Chapter 11 TYPES OF COSTS AND COST ACCOUNTING -- ABSTRACT -- 1. THE ROLE AND PURPOSE OF COST ACCOUNTING -- (1) The Role of Cost Accounting -- (2) The Purpose of Cost Accounting -- 2. DEFINITION AND TYPES OF COST -- (1) Definition of Cost -- (2) Types of Costs -- (3) Cost classification by the time of recognition according to the principle of matching costs with revenue: Product costs and period costs -- (4) Cost classification by cost behavior: Variable, fixed, and mixed costs -- (5) Cost classification by product units: Unit costs and total costs -- (3) Costs for Planning, Controlling and Making Decisions -- 3. FINANCIAL STATEMENTS IN MANUFACTURING INDUSTRY -- 4. COST MEASUREMENT AND COST ACCOUNTING -- (1) Purpose of Cost Accounting -- (2) Job-Order Costing -- (3) Process Costing -- (4) Activity Based Costing (ABC) -- CONCLUSION -- Chapter 12 BREAK-EVEN POINT AND RELEVANT COSTS -- ABSTRACT -- 1. BREAK-EVEN ANALYSIS -- (1) Cost-Volume-Profit (CVP) Analysis -- (2) Break-Even Point (BEP) -- 2. RELEVANT COSTS -- (1) Relevant Cost -- (2) Irrelevant Cost -- (3) Use of Relevant Costs for Business Decision-Making -- (4) Short-Term Decision-Making: Total Approach and Incremental Approach -- 1. What is the minimum load factor for the aircraft to surpass the break-even point?.

2. If the minimum load factor is not maintained, what should the management do to decide whether or not to keep the corresponding business division? -- CONCLUSION -- Chapter 13 RESPONSIBILITY ACCOUNTING AND R&D PERFORMANCE EVALUATION -- ABSTRACT -- 1. RESPONSIBILITY ACCOUNTING AND RESPONSIBILITY CENTER -- (1) Decentralization -- (2) Responsibility Accounting and Responsibility Center -- (3) Types of Responsibility Centers -- 2. Performance Evaluation of Responsibility Centers -- (1) ROI Analysis Using Dupont Formula -- (2) Residual Income (RI) -- (3) Investment Decision-Making Using ROI and RI -- (4) Economic Value Added (EVA) -- CONCLUSION -- Chapter 14 NEW PRODUCT DEVELOPMENT AND TARGET COSTING -- ABSTRACT -- 1. R&D PROJECTS AND COST MANAGEMENT -- (1) R&D Trends are changing! -- (2) Target Costing in R&D -- 2. NEW PRODUCT DEVELOPMENT PROCESS AND TARGET COSTING -- (1) Importance of R&D for Cost Management and Revenue Generation -- (2) Methods of Target Costing -- (3) Process of Setting the Target Cost -- (4) Process of Achieving Cost Targets -- (5) Value Engineering -- Paper clip -- CD Case -- Case A -- Case B -- Case C -- CONCLUSION -- Chapter 15 R&D-PATENT-ACCOUNTING LINKING STRATEGY -- ABSTRACT -- 1. RESEARCH AND DEVELOPMENT AND BUSINESS MANAGEMENT -- (1) Research and Development (R&D) -- (2) Accounting Treatment of R&D -- 2. TYPES OF PATENTS -- (1) Patent -- (2) Utility Model -- (3) Design Right -- (4) Trademark and Service Mark -- 3. BENEFITS OF REGISTERED PATENT -- (1) Exclusive Right -- (2) Establishment of License -- (3) Cross-Licensing -- (4) Transfer of Right -- (5) Freedom of Working the Patent Invention -- (6) Image -- (7) Subsidy for Commercialization of Technology -- 4. ACCOUNTING FOR PATENT AND IMPORTANCE OF INTANGIBLE ASSET VALUATION -- (1) Patent Accounting -- (2) Importance of Intangible Asset Valuation.

5. REDUCING COSTS OF PATENTS AND IMPORTANCE OF PATENT MANAGEMENT -- (1) Right Combination of Patents and Trade Secrets -- (2) Effective Use of Cross-Licensing -- (3) Cost reduction by Patent Accounting -- (4) Importance of Patent Management -- 6. CASE STUDY -- (1) Samsung Electronics -- CONCLUSION -- EXERCISES -- INDEX.