Financial & Managerial Accounting / Edition 12

by Carl S. Warren, James M. Reeve, Jonathan Duchac

Overview

Establish a strong foundation in accounting fundamentals that will help you succeed in your career and business with Warren/Jones/Tayler s FINANCIAL AND MANAGERIAL ACCOUNTING, 16E. The latest business illustrations and current examples provide a meaningful context that demonstrates how each chapter s content fits into the "big picture." The authors clearly connect fundamental accounting concepts to real businesses today. Each chapter begins with a real company opener that is referenced throughout the chapter. New examples and cases in each chapter highlight how to use and apply data analytics. These cases use data sets related to the chapter content while showing you how to analyze and develop reports using Excel and Tableau. In addition, updated Certified Management Accountant (CMA) exam questions prepare you for professional success. Pathways Challenges also help you hone critical-thinking skills. CNOWv2 online resources are also available to reinforce understanding.

Product Details

ISBN-13:	9781133952428
Publisher:	Cengage Learning
Publication date:	01/01/2013
Edition description:	Older Edition
Pages:	1408
Product dimensions:	9.10(w) x 11.00(h) x 1.80(d)

About the Author

Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren has taught all levels of accounting courses with a primary focus on introductory of accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and the University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren s outside interests include handball, backpacking, skiing, hiking, fly-fishing and golf. He also spends as much time as possible visiting with his five grandchildren (two sets of twins). Dr. Warren resides in Bozeman, Montana.


Dr. Jefferson P. Jones is an associate professor of accounting in the school of accountancy at Auburn University, where he teaches financial accounting and applied financial research courses. He received his B.A. and M.A. degrees from Auburn University and his Ph.D. from Florida State University. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (eleven times), the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times), the Auburn University Outstanding Distance Master of Accountancy Teaching Award (three times) and the Auburn University College of Business McCartney Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. Dr. Jones has public accounting experience as an auditor with Deloitte and Touche; holds a C.P.A. certificate in the state of Alabama (inactive). He is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA) and the Alabama Society of CPAs (ASCPA). His research interests focus on financial accounting, specifically investigating the quality of reported accounting information and accounting education. He has published articles in numerous journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting and The CPA Journal. When not at work, Dr. Jones enjoys playing golf and watching college football.


Dr. William B. Tayler is the Robert J. Smith Professor of Accountancy in the Marriott School of Business at Brigham Young University (BYU). Dr. Tayler is an internationally renowned, award-winning accounting teacher and researcher. He has presented his work as an invited speaker at universities and conferences across the globe. Dr. Tayler earned a Ph.D. and a master s degree at Cornell University, and a master s and an undergraduate degree at Brigham Young University, graduating with honors. He teaches in BYU s Executive M.B.A. Program and in BYU s School of Accountancy, one of the top-ranked accounting programs in the world. Dr. Tayler has also taught at Cornell University and Emory University and has received multiple teaching awards. Dr. Tayler is a Certified Management Accountant and a consultant specializing in cost accounting, performance measurement, and incentive compensation. His work has been published in top journals, including Accounting Horizons, Accounting, Organizations and Society, The Accounting Review, Contemporary Accounting Research, Harvard Business Review, IMA Educational Case Journal, Journal of the American Medical Association-Internal Medicine, Journal of Accounting Research, Journal of Behavioral Finance, Journal of Finance, Journal of General Internal Medicine, Journal of Management Accounting Research, Review of Financial Studies and Strategic Finance. Dr. Tayler serves as an editor for Behavioral Research in Accounting and is on the editorial boards of The Accounting Review, Management Accounting Research and Accounting, Organizations and Society. He is also director of the Institute of Management Accountants Research Foundation.

Table of Contents

1. Introduction to Accounting and Business. 2. Analyzing Transactions. 3. The Adjusting Process. 4. The Accounting Cycle. 5. Accounting for Retail Businesses. 6. Inventories. 7. Internal Control and Cash. 8. Receivables. 9. Long-Term Assets: Fixed and Intangible. 10. Liabilities: Current, Installment Notes, and Contingencies. 11. Liabilities: Bonds Payable. 12. Corporations: Organization, Stock Transactions, and Dividends. 13. Statement of Cash Flows. 14. Financial Statement Analysis. 15. Introduction to Managerial Accounting. 16. Job Order Costing. 17. Process Costing. 18. Activity-Based Costing. 19. Support Department and Joint Cost Allocation. 20. Cost-Volume-Profit Analysis. 21. Variable Costing for Management Analysis. 22. Budgeting. 23. Evaluating Variances from Standard Costs. 24. Evaluating Decentralized Operations. 25. Differential Analysis and Product Pricing. 26. Capital Investment Analysis. 27. Lean Manufacturing and Activity Analysis. 28. The Balanced Scorecard and Corporate Social Responsibility. Appendix A: Interest Tables. Appendix B: Selected Topics. Appendix C: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2020 Selected Excerpts. Appendix D: Reversing Entries (Online). Appendix E: Special Journals and Subsidiary Ledgers (Online). Glossary. Index.

Editorial Reviews

"These exercises [Activation Exercises in CNOWv2] are interactive and actually allow students to experiment with the data, visually viewing the impact when data is altered. The exercises show not only how a transaction looks in the journal and ledger accounts, but also the impact it ultimately has on financial statements. Finally, students are challenged to analyze the overall impact of a transaction by answering questions related to the topic. This is an excellent learning tool."

"Multi-Panel View [in CNOWv2] makes it much easier for students to see how each piece of the accounting cycle impacts the other pieces. Having it all in one view reduces student frustration and gives them a clearer picture of the complete accounting cycle."

"Good tool [Blank Sheet of Paper Experience in CNOWv2] to make students understand concepts without overly relying on technology's help."

"I like it [Blank Sheet of Paper Experience in CNOWv2] because it appears to bridge the gap between the homework and my exam."

"This [Blank Sheet of Paper Experience in CNOWv2] will minimize students' complaints about how the exam looks different from the homework format."

From the Publisher