With the fourteenth edition of Financial and Managerial Accounting: The Basis for Business Decisions, the Williams author team carries on the tradition of being a solid foundation for students learning basic accounting concepts. Through the revision, the authors have further refined the financial accounting topics, while slightly expanding the managerial accounting material to provide even more balanced coverage.

Hallmarks of the textincluding the solid Accounting Cycle Presentation, relevant pedagogy, and high quality, end-of-chapter materialhave all been updated and enhanced through the revision. A new design enhances the graphical elements of the text, while the integration of several boxed elements provides a more streamlined approach to chapter topics.

Mark Bettner is the Chair of Accounting at Bucknell University. He received his Ph.D. at Texas Tech University.

Chapter 1: Accounting: Information for Decision Making

Chapter 2: Basic Financial Statements

Chapter 3: The Accounting Cycle: Capturing Economic Events

Chapter 4: The Accounting Cycle: Accruals and Deferrals

Chapter 5: The Accounting Cycle: Reporting Financial Results

Comprehensive Problem 1: Susquehanna Equipment Rentals

Chapter 6: Merchandising Activities

Chapter 7: Financial Assets

Chapter 8: Inventories and the Cost of Goods Sold

Comprehensive Problem 2: Guitar Universe, Inc.

Chapter 9: Plant and Intangible Assets

Chapter 10: Liabilities

Chapter 11: Stockholders' Equity: Paid-in Capital

Comprehensive Problem 3: McMinn Retail, Inc.

Chapter 12: Income and Changes in Retained Earnings

Chapter 13: Statement of Cash Flows

Chapter 14: Financial Statement Analysis

Comprehensive Problem 4: Home Depot, Inc.

Chapter 15: Global Business and Accounting

Chapter 16: Management Accounting: A Business Partner

Chapter 17: Job Order Cost Systems and Overhead Allocations

Chapter 18: Process Costing

Chapter 19: Costing and the Value Chain

Chapter 20: Cost-Volume-Profit Analysis

Chapter 21: Incremental Analysis

Comprehensive Problem 5: The Gilster Company

Chapter 22: Responsibility Accounting and Transfer Pricing

Chapter 23: Operational Budgeting

Chapter 24: Standard Cost Systems

Chapter 25: Rewarding Business Performance

Comprehensive Problem 6: Utease Corporation

Chapter 26: Capital Budgeting

Appendix A: 2005 Home Depot Financial Statements

Appendix B: The Time Value of Money: Future Amounts and Present Values

Appendix C: Forms of Business Organization