ROI Focus: Return on Investment (ROI) is one of the most important concepts applicable to business. The authors explain ROI early on, and the effects of various financial reporting practices that are explained in subsequent chapters are illustrated in a real-world context with reference to their impact on this key performance measure.
Enhanced Student Online Learning Center includes free access to the Student Self-Study Guide and Working Papers. Students now have a wide range of additional self-study questions and quizzes to practice with.
More Managerial Accounting Coverage: The authors have expanded Chapter 16 to include more applications of short-term decision-making models, such as sell as-is or process further decisions, keep or drop product/service decisions, target costing in decision making, and conflicts between financial reporting and decision making.
Sarbanes-Oxley and Corporate Governance Coverage: Chapter 10 now covers corporate governance issues and Sarbanes-Oxley, reinforcing the importance of annual report footnotes. This new coverage also helps instructors integrate ethics into their courses.
Increased End-of-Chapter Material includes a larger number of easy questions to complement the more involved problems and mini-cases. Also includes a new section entitled Self Study Material, which features multiple choice and matching questions. Finally, a new continuous problem was added to chapters 6, 8 and 11.
Chapters
1. Accounting—Present and Past
2. Financial Statements and Accounting Concepts/Principles
3. Fundamental Interpretations Made From Financial Statement Data
4. The Bookkeeping Process and Transaction Analysis
5. Accounting for and Presentation of Current Assets
6. Accounting for and Presentation of Property, Plant and Equipment, and other Noncurrent Assets
7. Accounting for and Presentation of Liabilities
8. Accounting for and Presentation of Owners’ Equity
9. The Income Statement and the Statement of Cash Flows
10. Corporate Governance and Financial Disclosure
11. Financial Statement Analysis
12. Managerial Accounting and Cost-Volume-Profit Relationships
13. Cost Accounting and Reporting Systems
14. Cost Analysis for Planning
15. Cost Analysis for Control
16. Cost Analysis for Decision Making
Epilogue Accounting-The Future of
Appendix
Annual Report of Intel Corporation
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