Financial Accounting The Impact on Decision Makers (with 2009 IFRS Update)

by Porter, Gary A.; Norton, Curtis L.

• ISBN13: 9781439037119
• ISBN10: 1439037116
• Edition: 6th
• Format: Hardcover
• Copyright: 2008-12-16
• Publisher: South-Western College Pub

Summary

Porter and Norton's real-world approach in FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, Sixth Edition, gives you an up-close perspective on how accounting truly affects businesses today. You will explore an appropriate "focus company" with each chapter, applying accounting principles in the context of that company's specific financial information and business strategy, giving you the real-world experience with financial data you need to succeed in business. Further, Porter and Norton's student-friendly, step-by-step decision framework guides you through a 6-step process on how to effectively use financial information early in the course, laying a stronger foundation for the more complex concepts to follow. FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, Sixth Edition, goes beyond typical texts that drill students on the numbers and procedures to address additional important issues, such as ethical dilemmas in business decisions and alternate terms you may encounter in the business world.

Table of Contents

Accounting as a Form of Communication

Financial Statements and the Annual Report

Processing Accounting Information

Income Measurement and Accrual Accounting

Inventories and Cost of Goods Sold

Cash and Internal Control

Investments and Receivables

Operating Assets: Property, Plant, and Equipment

Natural Resources, and Intangibles

Current Liabilities, Contingencies, and the Time Value of Money

Long-Term Liabilities

Stockholders' Equity

The Statement of Cash Flows

Financial Statement Analysis

Appendix: Kellogg's 2006 Annual Report

Appendix: General Mills 2006 Annual Report

Glossary

Index

Table of Contents provided by Publisher. All Rights Reserved.