Financial & Managerial Accounting / Edition 11

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Ideal for first-year accounting courses, this text presents balanced coverage of both financial and managerial topics. In this text, the authors refine their proven approach to accounting's expanding role in business. This text uses the prepartation of financial statements as the framework for understanding what accounting is all about.
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Editorial Reviews

This new edition of a time-tested text takes accounting into the 21st century and gives students the tools needed to thrive in the real world. Warren (accounting, U. of Georgia), James M. Reeve (accounting, U. of Tennessee) and Philip E. Fess (accounting, U. of Illinois) present 11 chapters that cover all phases of accounting such as analyzing transactions, completing the accounting cycle, receivables, inventories, current liabilities, fixed and intangible assets, corporate issues, performance evaluation, differential analysis and product pricing, cost allocation and activity-based costing, and other relevant topics. Annotation c. Book News, Inc., Portland, OR (
From the Publisher
"That's awesome! (Referring to the new GPS)."

"I like the GPS. It is extremely useful to have a place where the material is condensed and right in front of you."

"I really like that you have what exercises go with what section. Accounting is doing it, so it helps you know what you have to do."

"I find Example Exercises very useful. Without examples homework takes longer and is much harder to complete."

"Example Exercises save me!"

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Product Details

  • ISBN-13: 9781111527129
  • Publisher: Cengage Learning
  • Publication date: 3/1/2011
  • Edition number: 11
  • Pages: 1424
  • Product dimensions: 8.80 (w) x 10.90 (h) x 1.60 (d)

Meet the Author

Dr. Carl S. Warren is Professor Emeritus of Accounting at the University of Georgia, Athens. Dr. Warren has taught classes at the University of Georgia, University of Iowa, Michigan State University, and University of Chicago. He focused his teaching efforts on principles of accounting and auditing. Dr. Warren received his PhD from Michigan State University and his BBA and MA 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 has served on numerous committees of the American Accounting Association, the American Institute of Certified Public Accountants, and the Institute of Internal Auditors. He also has consulted with numerous companies and public accounting firms. His outside interests include playing handball, golfing, skiing, backpacking, and fly-fishing.
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Table of Contents

F-1. Introduction to Accounting and Business. F-2. Analyzing Transactions. F-3. The Matching Concept and the Adjusting Process. F-4. Completing the Accounting Cycle. F-5. Accounting for Merchandising Businesses. F-6. Accounting Systems, Internal Controls, and Cash. F-7. Receivables. F-8. Inventories. F-9. Fixed Assets and Intangible Assets. F-10. Current Liabilities. F-11. Corporations: Organization, Capital Stock Transactions, and Dividends. F-12. Corporations: Income and Taxes, Stockholders¦ Equity, and Investments in Stocks. F-13. Bonds Payable and Investments in Bonds. F-14. Statement of Cash Flows. F-15. Financial Statement Analysis. M-1. Introduction to Managerial Accounting and Job Order Cost Systems. M-2. Process Cost Systems. M-3. Cost Behavior and Cost-Volume-Profit Analysis. M-4. Profit Reporting for Management Analysis. M-5. Budgeting. M-6. Performance Evaluation Using Variances from Standard Costs. M-7. Performance Evaluation for Decentralized Operations. M-8. Differential Analysis and Product Pricing. M-9. Capital Investment Analysis. M-10. Cost Allocation and Activity-Based Costing. M-11. Cost Managment for Just-in-Time Environments. Appendixes. A. Interest Tables. B. Codes of Professional Ethics for Accountants. C. Alternative Methods of Recording Deferrals. D. Special Journals and Subsidiary Ledgers. E. Periodic Inventory Systems for Merchandising Businesses. F. Foreign Currency Transactions. G. Cisco Systems, Inc. Annual Report. Glossary. Subject Index. Company Index.
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