Synopses & Reviews
Porter and Norton's real-world approach in FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, Sixth Edition, gives you an up-close perspective on how accounting truly affects businesses today. You will explore an appropriate "focus company" with each chapter, applying accounting principles in the context of that company's specific financial information and business strategy, giving you the real-world experience with financial data you need to succeed in business. Further, Porter and Norton's student-friendly, step-by-step decision framework guides you through a 6-step process on how to effectively use financial information early in the course, laying a stronger foundation for the more complex concepts to follow. FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, Sixth Edition, goes beyond typical texts that drill students on the numbers and procedures to address additional important issues, such as ethical dilemmas in business decisions and alternate terms you may encounter in the business world.
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Porter and Norton pack FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, Sixth Edition, with decades of academic and real-world accounting experience. This student-friendly text provides the appropriate blend of academic rigor with step-by-step learning models that reach today's students. Instead of an abstract approach to accounting, you will journey with students through focus companies and their specific financial data and business strategies, imparting real-life experience with financial data and the decisions they will face in business. FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS is a complete teaching system with Portable On-Demand Reviews that provide instant feedback to students to help them master key concepts, as well as ThomsonNOW™ technology that contains gradable, algorithmic homework activities. Best of all, you can completely customize FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS to include the content you want to cover and in the same sequence as your syllabus.
About the Author
Gary A. Porter earned M.B.A. and Ph.D. degrees from the University of Colorado. Dr. Porter taught at several universities, including San Diego State and the University of Montana, and also served as department chair. He is currently Distinguished Lecturer at Drake University. Widely published and the recipient of numerous teaching awards, Dr. Porter has conducted workshops in the field, has worked as a staff accountant with Deloitte and Touche, and has actively served the Illinois CPA Society, American Accounting Association, and Financial Executives International. Curtis L. Norton received his Ph.D. from Arizona State University and an M.B.A. from the University of South Dakota. He is currently Clinical Professor of Accounting at Arizona State University. Professor of Accounting at Northern Illinois University for more than 30 years, Dr. Norton earned the University Excellence Teaching Award and has published in The Accounting Review, The Journal of Accounting Education, CPA Journal, and other journals. A member of the American Accounting Association and Financial Executives International, he also consults and conducts training for private and governmental authorities, banks, and utilities.
Table of Contents
1. Accounting as a Form of Communication. 2. Financial Statements and the Annual Report. 3. Processing Accounting Information. 4. Income Measurement and Accrual Accounting. 5. Inventories and Cost of Goods Sold. 6. Cash and Internal Control. 7. Investments and Receivables. 8. Operating Assets: Property, Plant, and Equipment; Natural Resources, and Intangibles. 9. Current Liabilities, Contingencies, and the Time Value of Money. 10. Long-Term Liabilities. 11. Stockholders' Equity. 12. The Statement of Cash Flows. 13. Financial Statement Analysis. Appendix: Kellogg's 2006 Annual Report. Appendix: General Mills 2006 Annual Report. Glossary. Index.