Accounting Concepts and Applications (with Annual Report)

by Albrecht, W. Steve; Stice, James D.; Stice, Earl K.; Swain, Monte R.

• ISBN13: 9780538478182
• ISBN10: 0538478187
• Edition: 11th
• Format: Hardcover
• Copyright: 2010-02-22
• Publisher: Cengage Learning

Summary

Every job requires you to prepare, use, respond to, or be evaluated using accounting data. Understanding what accounting is, why it's important, and how to effectively use and prepare accounting data will give you a competitive edge in any organization. The focus of ACCOUNTING: CONCEPTS & APPLICATIONS, 11E is on developing the ability to critically analyze accounting information and make informed business decisions. Readers are exposed to a myriad of real-world examples where they can see the effect that accounting information has on the decisions made by real companies. The text also makes a concerted effort to highlight the ethical considerations and global implications of financial accounting decisions in our world.

Table of Contents

Financial Reporting and the Accounting Cycle

Accounting Information: Users and Uses

Financial Statements: An Overview

The Accounting Cycle: the Mechanics of Accounting

Completing the Accounting Cycle

Internal Controls: Ensuring the Integrity of Financial Information

Operating Activities

Receivables: Selling a Product or Service

Inventory and the Cost of Sales

Completing the Operating Cycle

Investing and Financing Activities

Investments: Property, Plant, and Equipment and Intangible Assets

Financing: Long-Term Liabilities

Financing: Equity

Investments: Debt and Equity Securities

Other Dimensions of Financial Reporting

Statement of Cash Flows

Analyzing Financial Statements

Foundations of Management Accounting

Management Accounting and Cost Concepts

Cost Flows and Business Organizations

Activity-Based Costing

Control in a Management Accounting System

Budgeting and Control

Controlling Cost and Profit

Making Decisions Using Management Accounting

Cost Behavior and Decisions using C-V-P Analysis

Relevant Information and Decisions

Capital Investment Decisions

Continuous Improvement in Management Accounting

New Measures of Performance

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