Financial and Managerial Accounting / Edition 8by Belverd E. Needles, Marian Powers, Susan V. Crosson
Pub. Date: 02/05/2007
Publisher: Cengage Learning
Dedicated to helping instructors stay on top of the change curve, the new edition of Financial & Managerial Accounting offers balanced, flexible content supported by an array of truly integrated print and technology supplements. Because most students using the text are business majors, it focuses on the business relevance of accounting with an emphasis on decision making and analysis. The text, which assumes no previous training in accounting or business, contains 50 percent financial accounting topics and 50 percent managerial. The authors completely revised the book's managerial chapters to reflect the most current information on how business professionals use accounting information to make decisions.
The new edition is flexible enough to support both instructors who emphasize uses of accounting information and instructors who focus on the procedural aspects of accounting. By placing the procedural content in optional, supplemental objectives at the end of chapters, instructors can choose how much procedural detail to include in their course. Comprehensive assignment material is also organized by learning objective, enabling faculty to customize homework assignments based on course objectives.
- New co-author Susan Crosson, coordinator of the accounting department at Santa Fe Community College and chair of the Two-Year College Section of the American Accounting Association, enhances the text with her expertise in managerial accounting and instructional technology.
- Blackboard Course Cartridges or WebCT e-Packs deliver course content over the Internet and can be used in a traditional classroom setting or as a complete distance learning solution. Customizedcourse materials include reviews, quizzes, activities, solutions, PowerPoint slides, and more.
- Going the Distance in Accounting, an interactive Web-based workshop, allows faculty to design and deliver online accounting courses.
- Two new managerial videos focus on the financial information and management issues of real companies. A one-page case is tied to the video and appears at the beginning of the appropriate text chapter.
- Business Focus boxes emphasize business strategy as it relates to the key themes of ethics, practice, technology, and international issues. Each box provides insights into real companies, including start-ups and e-commerce businesses
- Decision Points, based on excerpts from annual reports and business journals, promote critical thinking and decision making by presenting students with a situation that requires them to make a decision using accounting information. Decision Points in the financial chapters are presented from A User's Focus while the Decision Points in the managerial chapters provide A Manager's Focus.
- An annotated Chapter 1 helps students understand the purpose and value of the book's pedagogical framework and how to use it to their advantage.
Table of Contents
1. Uses of Accounting Information and the Financial Statements. Supplement to Chapter 1: How to Read an Annual Report. 2. Measurement Concepts: Recording Business Transactions. 3. Measuring Business Income: Adjusting the Accounts. Supplement to Chapter 3: Closing Entries and the Work Sheet. 4. Foundations of Financial Reporting and the Classified Balance Sheet. 5. Accounting for Merchandising Operations. 6. Inventories. 7. Cash and Internal Control. 8. Receivables. 9. Long-Term Assets. 10. Current Liabilities and Fair Value Accounting. 11. Long-Term Liabilities. 12. Stockholders' Equity. 13. The Statement of Cash Flows. Supplement to Chapter 13: The Direct Method of Preparing the Statement of Cash Flows. 14. Financial Statement Analysis. 15. Managerial Accounting and Cost Concepts. 16. Costing Systems: Job Order Costing. 17. Costing Systems: Process Costing. 18. Value-Based Systems: Activity-Based-Costing and Lean Accounting. 19. Cost-Volume-Profit Analysis. 20. The Budgeting Process. 21. Flexible Budgets and Performance Analysis 22. Standard Costing and Variance Analysis. 23. Short-Run Decision Analysis. 24. Capital Investment Analysis. 25. Pricing Decisions, Including Target Costing and Transfer Pricing. 26. Quality Management and Measurement. Appendix A: Accounting for Unincorporated Businesses. Appendix B: Accounting for Investments. Appendix C: Present Value Tables.
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