Accounting: Concepts and Applications (with Annual Report) / Edition 11

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Overview


This edition of ACCOUNTING: CONCEPTS & APPLICATIONS guides students through the what, why and how of accounting in today's business world. This textbook offers a solid presentation of concepts and procedures blended with a wealth of real company examples and solved exercises to ensure student success in the practical application of fundamental accounting principles. Students will learn to effectively use and prepare accounting information for decision making with various features that encourage critical thinking, highlight ethical considerations, and consider global implications. Emphasizing the relevancy of accounting to the business world, this edition is perfect for any student, regardless of future career plans or goals.
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Editorial Reviews

Booknews
New edition of a textbook that blends procedure and concepts in order to connect financial accounting principles to the real-life business world. With a focus on global economy and ethics, Albrecht, James D. Stice, Earl K. Stice, and K. Fred Skousen (all of Brigham Young U.) present 13 chapters that discuss financial reporting and the accounting cycle, operating activities, investing and financing activities, and other dimensions of financial reporting. Each chapter contains learning objectives, real-life scenarios, business environment essays, key terms, summaries, cumulative spreadsheet projects, and comprehensive problems. The included CD-ROM provides insights on how to use the principles set forth in the text. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780538478182
  • Publisher: Cengage Learning
  • Publication date: 2/22/2010
  • Edition description: New Edition
  • Edition number: 11
  • Pages: 1344
  • Sales rank: 348,333
  • Product dimensions: 9.30 (w) x 11.20 (h) x 1.80 (d)

Meet the Author


W. Steve Albrecht is the Andersen Alumni Professor of Accountancy in the Marriott School of Management at Brigham Young University. He received a bachelor's degree in accounting from BYU and MBA and PhD degrees from the University of Wisconsin. He is a Certified Public Accountant, Certified Internal Auditor, and Certified Fraud Examiner.

James D. Stice is the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. He is currently Associate Dean of the Marriott School. Dr. Stice served for eight years as the director of BYU's MBA Program. He holds bachelor's and master's degrees in accounting from BYU and a PhD in accounting from the University of Washington.

Earl K. Stice is the PricewaterhouseCoopers Professor of Accounting in the School of Accountancy at Brigham Young University, where he has been on the faculty since 1998. He holds bachelor's and master's degrees from Brigham Young University and a PhD from Cornell University.

Monte R. Swain received his Ph.D. in managerial accounting and information systems from Michigan State University. He currently serves as the Associate Director of the School of Accountancy and Information Systems where he is the Deloitte & Touche Professor of Accounting.

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Table of Contents


PART I: FINANCIAL REPORTING AND THE ACCOUNTING CYCLE. 1. Accounting Information: Users and Uses. 2. Financial Statements: An Overview. 3. The Accounting Cycle: The Mechanics of Accounting. 4. Completing the Accounting Cycle. 5. Internal Controls: Ensuring the Integrity of Financial Information. PART II: OPERATING ACTIVITIES. 6. Receivables: Selling a Product or Service. 7. Inventory and the Cost of Sales 8. Completing the Operating Cycle. PART III: INVESTING AND FINANCING ACTIVITIES. 9. Investments: Property, Plant, and Equipment and Intangible Assets. 10. Financing: Long-Term Liabilities. 11. Financing: Equity. 12. Investments: Debt and Equity Securities. PART IV: OTHER DIMENSIONS OF FINANCIAL REPORTING. 13. Statement of Cash Flows. 14. Analyzing Financial Statements. PART V: FOUNDATIONS OF MANAGEMENT ACCOUNTING. 15. Management Accounting and Cost Concepts. 16. Cost Flows and Business Organizations. 17. Activity-Based Costing. PART VI: CONTROL IN A MANAGEMENT ACCOUNTING SYSTEM. 18. Budgeting and Control. 19. Controlling Cost and Profit. PART VII: MAKING DECISIONS USING MANAGEMENT ACCOUNTING. 20. Cost Behavior and Decisions using C-V-P Analysis. 21. Relevant Information and Decisions. 22. Capital Investment Decisions. PART VIII: CONTINUOUS IMPROVEMENT IN MANAGEMENT ACCOUNTING. 23. New Measures of Performance.
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