Accounting : Concepts and Applications / Edition 9

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Overview


Accounting is about decision making using financial information. The focus of this text is on developing within students the ability to critically analyze accounting information and make informed business decisions. Students are exposed to a lot of real-world examples where they can see the effect that accounting information has on the decisions made by real companies. Also chapters are split into basic and expanded material so that the professor can easily cover the basics of a topic or, if he or she prefers, delve deeper into a selected topic. Finally, analysis is incorporated throughout the text so that students can learn to use accounting information as they learn how that information is prepared.
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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: 9780324187564
  • Publisher: Cengage Learning
  • Publication date: 3/8/2004
  • Edition description: Older Edition
  • Edition number: 9
  • Pages: 1472
  • Product dimensions: 8.88 (w) x 11.26 (h) x 1.96 (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 F1: FINANCIAL REPORTING AND THE ACCOUNTING CYCLE. 1. Accounting Information: Users and Uses. 2. Financial Statements: An Overview. 3. The Mechanics of Accounting. 4. Completing the Accounting Cycle. 5. Introduction to Financial Statement Analysis. 6. Ensuring the Integrity of Financial Information. PART F2: OPERATING ACTIVITIES. 7. Selling a Product or a Service. 8. Inventory. 9. Completing the Operating Cycle. PART F3: INVESTING AND FINANCING ACTIVITIES. 10. Investments in Property, Plant, and Equipment and in Intangible Assets. 11. Long-Term Debt Financing. 12. Equity Financing. 13. Investments in Debt and Equity Securities. PART F4: OTHER DIMENSIONS OF FINANCIAL REPORTING. 14. Statement of Cash Flows. PART F5: FOUNDATIONS. 15. Introduction to Management Accounting. 16. Analyzing Cost-Volume-Profit Relationships. 17. Product Cost Flows and Business Organizations. PART F6. PLANNING. 18. Capital Investment Decisions. 19. Operational Budgeting. PART F7. CONTROL. 20. Monitoring Performance in Cost, Profit, and Investment Centers. 21. Managing Inventory and Service Costs 22. Activity Based Costing and Quality Management. PART F8. EVALUATION. 23. Making Decisions Using Relevant Information. 24. Continuous Improvement in Management Accounting.
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