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Cover image for Financial and managerial accounting principles
Title:
Financial and managerial accounting principles
Personal Author:
Edition:
9th ed.
Publication Information:
Australia ; Mason, Ohio : South-Western Cengage Learning, c2011
Physical Description:
xxxiv, 1339 p. : col. ill. ; 29 cm.
ISBN:
9780538742979

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Library
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Material Type
Item Category 1
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30000010298098 HF5635 N44 2011 f Open Access Book Book
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Summary

Summary

Powers/Needles/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 onproper accounting principles and technical detail to ensure mastery ofcore accounting concepts.Relevant Coverage: Chapter-opening Decision Points have been enhancedto expose students to the changing financial reporting environment andIFRS.Critical-Thinking Tools: New Stop & Think features help studentsdevelop the judgment skills they need in the modern business world.Powers/Needles/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
5 The Operating Cycle and Merchandising Operations
Supplement: Special Purpose Journals
6 Internal Control
7 Inventories
8 Cash and Receivables
9 Current Liabilities and Fair Value Accounting
10 Long-Term Assets
11 Long-Term Liabilities
12 Contributed Capital
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 Activity-Based Systems: ABM and JIT
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 Performance Measurement
Appendix A Investments
Appendix B Consolidations
Appendix C Future Value and Present Value Tables
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