Synopses & Reviews
This text provides a contemporary introduction to accounting and accounting systems. It covers the essence of both financial and managerial accounting in a non-procedural, non-debit and credit manner. After a brief introduction to financial statement preparation, the remainder of the text focuses on controls and the use of accounting information in decision making.
Synopsis
Billed as a one-semester accounting text for all majors, this book emphasizes the use of accounting by managers and investors to make decisions. Topics covered include accounting systems, fixed and intangible assets, liabilities and stockholders' equity, financial statement analysis, product pricing, budgeting and standard cost systems, performance evaluation, and cost allocation and activity- based costing.
About the Author
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.
Table of Contents
1. The Role of Accounting in Business 2. The Cash Basics of Accounting 3. The Accrual Basics of Accounting 4. Accounting Systems for Merchandising Operations 5. Internal Control and Cash 6. Receivables and Inventories 7. Fixed Assets and Intangible Assets 8. Liabilities and Stockholders Equity 9. Financial Statement Analysis 10. Accounting Systems for Manufacturing Businesses 11. Cost-Volume-Profit Analysis 12. Differential Analysis and Product Pricing 13. Performance Evaluation 14. Budgeting and Standard Cost Systems 15. Capital Investment Analysis Appendix A The Double-Entry Accounting System Appendix B The Statement of Cash Flows--Indirect Method