Introduction to Accounting: An Integrated Approach

by Ainsworth, Penne; Deines, Dan

• ISBN13: 9780078136603
• ISBN10: 0078136601
• Edition: 6th
• Format: Hardcover
• Copyright: 2010-01-22
• Publisher: MCGRAW HILL

Summary

This textbook integrates Financial and Managerial Accounting as opposed to keeping these areas separate, the approach followed by most books and curriculums. By "integration", we mean the authors focus on the business process and examine the activities from both an external, financial reporting perspective and an internal, management decision-making perspective. The text incorporates real world applications, including actual financial statements, to reinforce the relevance of topics to real business situations and promote student interest. The text also promotes active learning throughEnhance Your Understanding"probing" questions placed sporadically throughout many chapters,Of Interestboxes that provide additional information relating to the chapter concepts,Fast Factboxes that provide additional information related to chapter concepts in a short, trivia-like manner, and end-of-chapter group exercises.

Table of Contents

Introduction: Business Operating Activities

Accounting and Business

Business Processes and Accounting Information

Operating Processes: Planning and Control

Planning: Operating Activities

Short-term Decision Making

Strategic Planning Regarding Operating Processes

Planning, the Balanced Scorecard, and Budgeting

Recording and Evaluating: Operating Activities

Accounting Information Systems

Purchasing/Human Resources/Payment Process: Recording and Evaluating Expenditure Process Activities

Recording and Evaluating Conversion Process Activities

Marketing/Sales/Collection/Customer Support Process: Recording and Evaluating Revenue Process Activities

Introduction: Capital Resource Process Activities

Time Value of Money

Planning: Capital Resource Process Activities

Planning Investments: Capital Budgeting

Planning Equity Financing

Planning Debt Financing

Recording and Evaluating Capital Resource Process Activities

Recording and Evaluating Capital Resource Process Activities: Financing

Recording and Evaluating Capital Resource Process Activities: Investing

Evaluating: Operating and Capital Resource Processes

Company Performance: Profitability

Company Performance: Owners’ Equity and Financial Position

Company Performance: Cash Flows

Company Performance: Comprehensive Evaluation

Appendix: Apple’s 2008 Financial Statements and Accompanying Notes

Index

Table of Contents provided by Publisher. All Rights Reserved.