Accounting : Concepts and Applications

by K. Fred Skousen; W. Steve Albrecht

• ISBN13: 9780538876247
• ISBN10: 0538876247
• Edition: 7th
• Format: Paperback
• Copyright: 1998-07-29
• Publisher: South-Western College Pub

Summary

Skousen introduces students to basic accounting concepts, excites them by using lots of real world examples (both U.S. and international), provides some basic accounting knowledge, and then shows how accounting is used and analyzed in actual case situations.

Designed for the first introductory course taught at two- and four-year schools that prefer equal coverage of financial and managerial topics, this book does not take an encyclopedic approach to every possible nuance of financial statement preparation or alternative way to perform accounting functions.

Table of Contents

Part 1 Financial Reporting and the Accounting Cycle

1 ACCOUNTING INFORMATION: USERS AND USES

2 FINANCIAL STATEMENTS: AN OVERVIEW

3 THE MECHANICS OF ACCOUNTING

4 COMPLETING THE ACCOUNTING CYCLE

5 ENSURING THE INTEGRITY OF FINANCIAL INFORMATION

Part 2 Operating Activities

6 SELLING A PRODUCT OR A SERVICE

7 INVENTORY

8 COMPLETING THE OPERATING CYCLE

Part 3 Investing and Financing Activities

9 INVESTMENTS IN PROPERTY, PLANT, AND EQUIPMENT AND IN INTANGIBLE ASSETS

10 LONG-TERM DEBT FINANCING

11 EQUITY FINANCING

12 INVESTMENTS IN DEBT AND EQUITY SECURITIES

Part 4 Other Dimensions of Financial Reporting

13 THE STATEMENT OF CASH FLOWS

Part 5 Foundations of Management Accounting

14 INTRODUCTION TO MANAGEMENT ACCOUNTING

15 MANUFACTURING COST SYSTEMS

16 MERCHANDISING AND SERVICE COST SYSTEMS

17 MANAGEMENT ACCOUNTING INFORMATION IN THE NEW BUSINESS ENVIRONMENT

Part 6 Planning, Control, and Performance Evaluation

18 ANALYZING COST-VOLUME-PROFIT RELATIONSHIPS

19 EVALUATING PERFORMANCE

20 OPERATING BUDGETS

Part 7 Other Dimensions of Decision Making

21 RELEVANT COSTS FOR NONROUTINE DECISIONS

22 CAPITAL INVESTMENT DECISIONS

23 CONTINUOUS IMPROVEMENT IN MANAGEMENT ACCOUNTING