Most accounting books are difficult for business professionals to learn from, due to too much depth and breadth of coverage. This text makes it easy to train yourself or your employees, since it covers only the financial and managerial accounting concepts they really need to know. Managers and other professionals will get a good working knowledge of both how and why accounting is used in business, and in making informed decisions. Plus, financial and managerial topics are both included, and can be covered independently of each other.
PART I AN INTRODUCTION TO ACCOUNTING. 1. Accounting Information: Users and Uses. 2. Financial Statements: An Overview. PART II ACCOUNTING FOR EXTERNAL USERS: BUSINESS ACTIVITIES. 3. The Mechanics of Accounting. 4. Operating Activities: Buying and Selling a Product or Service. 5. Financing Activities: Debt and Equity. 6. Investing Activities: Operating Assets and Investments. 7. Financial Reporting and Analysis. PART IIII ACCOUNTING FOR INTERNAL USERS: BUSINESS DECISIONS. 8. Cost Terms and Cost Behavior Patterns. 9. Analyzing Cost-Volume-Profit Relationships. 10. The Budgeting Process (Will We Be Profitable?). 11. Performance Evaluation (Were We Profitable?). 12. Nonroutine Decisions. 13. Capital Investment Decisions.