Principles of Accounting

by Needles, Belverd E.; Powers, Marian; Crosson, Susan V.

• ISBN13: 9780538755191
• ISBN10: 0538755199
• Edition: 11th
• Format: Loose-leaf
• Copyright: 2010-01-12
• Publisher: South-Western College/West

Summary

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 who 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. *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

Analyzing Business Transactions

Measuring Business Income

Completing the Accounting Cycle

Financial Reporting and Analysis

The Operating Cycle and Merchandising Operations

Internal Control

Inventories

Cash and Receivables

Internal Control

Long-Term Assets

Contributed Capital

Long-Term Liabilities

The Corporate Income Statement and the Statement of Stockholders' Equity

The Statement of Cash Flows

Financial Performance Measurement

Partnerships

The Changing Business Environment: a Manager's Perspective

Cost Concepts and Cost Allocation

Costing Systems: Job Order

Costing Systems: Process Costing

Activity-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

Investments

Consolidations

Future Value and Present Value Tables

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