Financial & Managerial Accounting

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

Overview

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.

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 with his five grandchildren, which includes two sets of twins. Dr. Warren and his wife Sharon reside in Montana.

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 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 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 consultant specializing in cost accounting, performance measurement and incentive compensation. Dr. Tayler serves as an editor for Behavioral Research in Accounting and his work has been published in top journals, including Accounting Horizons, Accounting, Organizations and Society, The Accounting Review, American Journal of Health Behavior, Contemporary Accounting Research, Harvard Business Review, IMA Educational Case Journal, Issues in Accounting Education, 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, Management Science, Review of Financial Studies and Strategic Finance. He has presented his work as an invited speaker at universities and conferences across the globe. Dr. Tayler loves spending time with his wife, Sarah, and their eight children and their families.

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.

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 (booknews.com)

Booknews

"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