Theory financial accounting / Conrado T. Valix and Christian Aris M. Valix

Chapter 1: The Accounting profession -- Chapter 2: Conceptual framework; objective and financial reporting -- Chapter 3: Conceptual framework; qualitative characteristics -- Chapter 4: Conceptual framework; financial statements and reporting entity nderlying assumptions -- Chapter 5: Conceptual framework; Elements of financial statements -- Chapter 6: Conceptual framework; Recognition and measurement -- Chapter 7: Conceptual framework; Presentation and disclosure concepts and capital -- Chapter 8: Accounting process -- Chapter 9: Financial statements -- Chapter 10: Statement of financial position -- Chapter 11: Notes to financial statements -- Chapter 12: Related party disclosures -- Chapter 13: Events after the reporting period -- Chapter 14: Income Statement -- Chapter 15: Noncurrent assets held for sale -- Chapter 16: Discontinued operations -- Chapter 17: Accounting Changes -- Chapter 18: Interim financial reporting -- Chapter 19: Operating segments -- Chapter 20: Cash and cash equivalents -- Chapter 21: Accounts receivable -- Chapter 22: Notes receivable -- Chapter 23: Inventories -- Chapter 24: Inventory cost flow -- Chapter 25: Gross profit and retail method -- Chapter 26: Biological assets -- Chapter 27: Financial assets at fair value -- Chapter 28: Investment in associate -- Chapter 29: Financial asset at amortized cost -- Chapter 30: Investment property -- Chapter 31: Derivatives -- Chapter 32: Property, plant and equipment -- Chapter 33: Government grant -- Chapter 34: Borrowing costs -- Chapter 35: Land , building and machinery; capital and revenue expenditure -- Chapter 36: Depreciation -- Chapter 37: Depletion -- Chapter 38: Revaluation -- Chapter 39: Impairment of asset -- Chapter 40: Intangible assets -- Chapter 41: Specific intangible assets -- Chapter 42: Research and development cost -- Chapter 43: Liabilities; premium, warranty, and deferred revenue -- Chapter 44: Provision -- Chapter 45: Bonds payable -- Chapter 46: Effective interest method -- Chapter 47: Compound financial instrument -- Chapter 48: Note payable; debt restructure -- Chapter 49: Lessee accounting -- Chapter 50: Lessor accounting -- Chapter 51: Accounting for income tax -- Chapter 52: Employee benefits -- Chapter 53: Shareholder's equity -- Chapter 54: Retained earnings -- Chapter 55: Share-based compensation -- Chapter 56: Book value per share -- Chapter 57: Earnings per share -- Chapter 58: Cash and accrual basis -- Chapter 59: Error correction -- Chapter 60: Statement of cash flows -- Chapter 61: Hyperinflation; current cost -- Chapter 62: Small and medium-sized entities -- Chapter 63: SMEs - Financial Statements -- Chapter 64: SMEs- Assets -- Chapter 65: Liabilities and Equity -- Chapter 66: Small Entities -- Chapter 67. Business Combination -- Chapter 68. Consolidation -- Chapter 69. Foreign Currency -- Chapter 70. Joint Arrangement -- Chapter 71. Nonprofit Organization.

The textbook can be used as reference in the undergraduate course of Bachelor of Science in Accountancy for subject Theory of Accounts. The reviewer textbook is largely based on the Revised Conceptual Framework for Financial Reporting, Philippne Accounting Standards or PAS and Philippine Financial Reporting Standards or PFRS.