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Financial and Managerial Accounting,9781439037805

Financial and Managerial Accounting

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Pub. Date:
CENGAGE Learning
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Customer Reviews

The best accounting and financial book.  April 13, 2011

Best textbook so far for teaching accounting. This is the textbook for learning accounting. My accounting professor was awful and it was this textbook saved my grade in the class. It provides very detailed explanations and summaries of each concept it covers throughout the chapter, not just at the end of the section. This is one of the best written and cheap textbooks I have ever encountered and highly recommended for people who don't necessarily want to get a CPA but need to know enough accounting for say Financial, Planning and Analysis positions.

Financial and Managerial Accounting: 5 out of 5 stars based on 1 user reviews.


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.

Every learning objective within each chapter has a "Stop & Apply" feature that illustrates and solves a short exercise. This helps students apply their knowledge in a step-by-step manner. Study Notes appear in the margins of the textbook and alert students to common misunderstandings of concepts and techniques; key ratio and cash flow icons, which highlight discussions of profitability and liquidity; and accounting equations. Icons and equations appear in the financial chapters.

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

Uses of Accounting Information and the Financial Statements
Supplement: How to Read An Annual Report
CVS Corporation Annual Report
Southwest Airline Co
Financial Statements
Analyzing Business Transactions
Measuring Business Income
Supplement: Closing Entries and the Work Sheet
Financial Reporting and Analysis
Supplement: the Annual Report Project
The Operating Cycle and Merchandising Operations
Cash and Receivables
Current Liabilities and Fair Value Accounting
Long-Term Assets
Long-Term Liabilities
Contributed Capital
The Corporate Income Statement and the Statement of Stockholders' Equity
The Statement of Cash Flows
The Changing Business Environment: a Manager's Perspective
Cost Concepts and Cost Allocation
Costing Systems: Job Order
Costing Systems: Process Costing
Value-Based Systems: ABM and Lean
Cost Behavior Analysis
The Budgeting Process
Performance Management and Evaluation
Standard Costing and Variance Analysis
Short-Run Decision Analysis
Capital Investment Analysis
Pricing Decisions, Including Target Costing and Transfer Pricing
Quality Management and Measurement
Financial Analysis of Performance
Accounting for Investments
Present Value Tables
Table of Contents provided by Publisher. All Rights Reserved.

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