Cornerstones of Financial and Managerial Accounting

by Rich, Jay; Jones, Jeff; Heitger, Dan L.; Mowen, Maryanne; Hansen, Don

• ISBN13: 9780538473484
• ISBN10: 0538473487
• Edition: 2nd
• Format: Hardcover
• Copyright: 2011-03-08
• Publisher: South-Western College/West

Summary

Get your students where they need to be with CORNERSTONES OF FINANCIAL AND MANAGERIAL ACCOUNTING. Cornerstones is the only text that delivers a truly unique learning system that is integrated through the entire introductory managerial accounting journey?ensuring they will leave the course with the needed elements to be future business leaders. Students are guided through: Building A Strong Foundation: Students learn the basic accounting concepts through clear and consistently-formatted Cornerstones Examples and Exercises. Understanding Relationships: Students see the relationships between the numbers & concepts and how variables impact each other. Seeing Real-World Connections: Student understanding is brought full circle as they see how these concepts are applied in real world situations. Making Decisions: Students practice actually making decisions based on the information they have now gathered and analyzed. Students love this approach because it presents materials the way they learn and professors love it because it gets students to master the foundations more quickly and allows more time to learn and apply the analysis and decision making of accounting. Get There with Cornerstones!

Table of Contents

Accounting and Financial Statements

The Accounting Information System

Accrual Accounting.Making the Connection

Internal Control and Cash

Sales and Receivables

Cost of Goods Sold and Inventory

Operating Assets

Making the Connection

Current and Contingent Liabilities

Long-Term Liabilities

Stockholders' Equity

Making the Connection

The Statement of Cash Flows

Financial Statement Analysis

Managerial Accounting Concepts and Decision-Making Support

Cost Behavior

Cost-Volume-Profit Analysis: A Managerial Planning Tool

Making the Connection

Job-Order Costing

Process Costing

Activity-Based Costing and Management

Profit Planning

Standard Costing: A Managerial Control Tool

Making the Connection

Flexible Budgets and Overhead Analysis

Performance Evaluation, Variable Costing, and Decentralization

Short-Run Decision-Making: Relevant Costing and Inventory Management

Capital Investment Decisions

Making the Connection

International Financial Reporting Standards

Investments

Time Value of Money

Financial Statement Information: Abercrombie and Fitch

Financial Statement Information: Aeropostale

Table of Contents provided by Publisher. All Rights Reserved.