The authors of FINANCIAL AND MANAGERIAL ACCOUNTING, 10E, understand that you need to find important information quickly. This textbook uses an integrated learning system to help you complete homework and lead you to accounting mastery. Building on the authors' proven approach, clear examples and high-impact writing guide you through the preparation of financial statements as the authors artfully provide a framework for understanding what accounting is all about and accounting's evolving role in business.

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Understand what accounting is all about and its evolving role in business with Warren and Reeve's FINANCIAL AND MANAGERIAL ACCOUNTING, the most successful higher education accounting text of all time. You'll use the preparation of financial statements as a framemark work for understand accounting and concepts and in the rocess you'll see how to use accounting to understand business.

Dr. Carl S. Warren is Professor Emeritus of Accounting at the University of Georgia, Athens. For over twenty-five years, Professor Warren taught all levels of accounting classes. Professor Warren has taught classes at the University of Georgia, University of Iowa, Michigan State University, and University of Chicago. Professor Warren focused his teaching efforts on principles of accounting and auditing. Professor Warren received his doctorate degree (Ph.D.) from Michigan State University and his undergraduate (B.B.A) and masters (M.A.) degrees from the University of Iowa. During his career, Professor Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal, and Auditing: A Journal of PracticeandTheory. Professor Warren's outside interests include writing short stories and novels, oil painting, playing handball, golfing, skiing, backpacking, and fly-fishing.Dr. James M. Reeve is Professor Emeritus of Accounting and Information Management at the University of Tennessee. Professor Reeve taught on the accounting faculty for 25 years, after graduating with his Ph.D. from Oklahoma State University. His teaching effort focused on undergraduate accounting principles, and graduate education in the Master of Accountancy and Senior Executive MBA programs. Beyond this, Professor Reeve is also very active in the Supply Chain Certification program, which is a major executive education and research effort of the College. His research interests are varied and include work in managerial accounting, supply chain management, lean manufacturing, and information management. He has published over 40 articles in academic and professional journals, including the Journal of Cost Management, Journal of Management Accounting Research, Accounting Review, Management Accounting Quarterly, Supply Chain Management Review, and Accounting Horizons. He has consulted or provided training around the world for a wide variety of organizations, including, Boeing, Procter and Gamble, Norfolk Southern, Hershey Foods, Coca-Cola, and Sony. When not writing books, Professor Reeve plays golf and is involved in faith-based activities.Dr. Philip E. Fess is the Arthur AndersenandCo. Alumni Professor of Accountancy Emeritus at the University of Illinois, Champaign-Urbana. He received his Ph.D. from the University of Illinois. Dr. Fess has been involved in writing textbooks for over twenty-five years, and his knowledge of how to make texts user-friendly is reflected on the pages of this edition. Dr. Fess plays golf and tennis, and he has represented the United States in international tennis competition.

1. Introduction to Accounting and Business 2. Analyzing Transactions 3. The Adjusting Process 4. Completing the Accounting Cycle 5. Accounting for Merchandising Businesses 6. Inventories 7. Sarbanes Oxley, Internal Controls,andCash 8. Receivables 9. Fixed Assets and Intangible Assets 10. Current LiabilitiesandPayroll 11. Corporations: Organization, Capital Stock Transactions, and Dividends 12. Income Taxes, Unusual Income Items, and Investments in Stocks 13. Bonds Payable and Investments in Bonds 14. Statement of Cash Flows 15. Financial Statement Analysis 16. Introduction to Managerial Accounting 17. Job Order Costing 18. Process Cost Systems 19. Cost Behavior and Cost-Volume-Profit Analysis 20. Profit Reporting 21. Budgeting 22. Performance Evaluation Using Variances from Standard Costs 23. Performance Evaluation for Decentralized Operations 24. Differential Analysis and Product Pricing 25. Capital Investment Analysis 26. Cost Allocation and Activity-Based Costing 27. Cost Management for Just-in-Time Environments Appendix A: Interest Tables Appendix B: Reversing Entries Appendix C: Williams-Sonoma Annual Report