Cover image for Financial and managerial accounting
Title:
Financial and managerial accounting
Personal Author:
Edition:
9th ed.
Publication Information:
Australia ; Mason, Ohio : Cengage Learning, 2010
Physical Description:
xxxiv, 1355 p. ill. col. ; 29 cm.
ISBN:
9781439037805

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Item Category 1
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30000010251680 HF5635 N34 2011 f Open Access Book Book
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Summary

Summary

Needles/Powers/Crosson delivers interactive pedagogy by illustrating accounting principles and real-world examples to encourage critical thinking. This revision is based on an understanding of the nature, culture, and motivations of today's students and on extensive feedback from instructors. These substantial changes meet the needs of students, who not only face a business world increasingly complicated by ethical issues, globalization, and technology but also have more demands on their time. To help them meet these challenges, this textbook shows students how business transactions, which are the result of business decisions, are recorded in a way to show their effects on the financial statements. Built on historically strong pedagogy, this edition demonstrates strengthened transaction analysis and its link to the accounting cycle. Proven Presentation: Students learn from a trusted approach built on proper accounting principles and technical detail to ensure mastery of core accounting concepts. Relevant Coverage: Chapter-opening Decision Points have been enhanced to expose students to the changing financial reporting environment and IFRS. Critical-Thinking Tools: New Stop & Think features help students develop the judgment skills they need in the modern business world. Needles/Powers/Crosson demonstrates accounting in motion!


Table of Contents

1 Uses of Accounting Information and the Financial Statements
Supplement: How to Read An Annual Report
CVS Corporation Annual Report
Southwest Airline Co
Financial Statements
2 Analyzing Business Transactions
3 Measuring Business Income
Supplement: Closing Entries and the Work Sheet
4 Financial Reporting and Analysis
Supplement: the Annual Report Project
5 The Operating Cycle and Merchandising Operations
6 Inventories
7 Cash and Receivables
8 Current Liabilities and Fair Value Accounting
9 Long-Term Assets
10 Long-Term Liabilities
11 Contributed Capital
12 Investments
13 The Corporate Income Statement and the Statement of Stockholders' Equity
14 The Statement of Cash Flows
15 The Changing Business Environment: a Manager's Perspective
16 Cost Concepts and Cost Allocation
17 Costing Systems: Job Order
18 Costing Systems: Process Costing
19 Value-Based Systems: ABM and Lean
20 Cost Behavior Analysis
21 The Budgeting Process
22 Performance Management and Evaluation
23 Standard Costing and Variance Analysis
24 Short-Run Decision Analysis
25 Capital Investment Analysis
26 Pricing Decisions, Including Target Costing and Transfer Pricing
27 Quality Management and Measurement
28 Financial Analysis of Performance
Appendix A Accounting for Investments
Appendix B Present Value Tables