Loose-leaf Principles of Accounting Volume 1 Ch 1-12 with Annual Report

by Libby, Robert; Libby, Patricia; Phillips, Fred; Whitecotton, Stacey

• ISBN13: 9780077370435
• ISBN10: 0077370430
• Edition: 1st
• Format: Loose-leaf
• Copyright: 2009-07-20
• Publisher: McGraw-Hill/Irwin

Summary

The philosophy of Libby 1e is that "Teaching Accounting in the context of business" and that no matter what the student background or where their future lies, this book will give them the foundation they need to be a successful business owner or manager. Principles of Accounting is the first business course for nearly all of these students. Libby 1e is written by recognizing that students in the principles of accounting course have no previous exposure to accounting and financial statements and often little exposure to the business world but many of them have ambitions to own a business.Libby 1e slows down the approach to teaching transaction analysis, slowly building each layer of detail related to the financial statements and the accounting equation, as students work through the book. They learn the role of accounting from starting a business to operating it successfully.

Table of Contents

Accounting and Starting a Business

Establishing a Business and the Balance Sheet

Operating a Business and the Income Statement

Completing the Accounting Cycle

Accounting Systems

Merchandising Operations

Inventories

Internal Control and Cash

Receivables

Long-lived Tangible and Intangible Assets

Current Liabilities and Payroll

Partnerships

Corporations

Long-term Liabilities

Investments

Statement of Cash Flows

Financial Statement Analysis

Managerial Accounting

Job Order Costing

Process Costing and Activity Based Costing

Cost Behavior and Cost-Volume-Profit

Incremental Analysis and Capital Budgeting

Budgeting and Planning

Controlling with Standard Costs and Variances

Decentralized Performance Evaluation and the Balance Scorecard

Table of Contents provided by Publisher. All Rights Reserved.