Synopses & Reviews
Adams is a user-oriented financial accounting text that emphasizes discovery learning instead of the more traditional memorization. Using an interactive, decision-making case approach, Adams is organized around the type of business decisions that students -- future business managers and investors -- are most likely to face.
About the Author
Steven J. Adams is professor of accounting at California State University, Chico. He teaches undergraduate and graduate courses in managerial accounting. He has been the Associate Dean of the College of Business, as well as Graduate Coordinator. He was Co-Director of a project funded by U.S. Department of Educations Fund for the Improvement of Post-Secondary Education (FIPSE) to disseminate changes in the first year introductory courses.
Professor Adams is a Certified Management Accountant (CMA), Certified Public Accountant (CPA), and holds a Ph.D. from the University of Cincinnati. Prior to becoming an academic he was a cost analyst for a Fortune 500 company and has consulted for firms in the electronics, retail and equipment manufacturing industries. Dr. Adams has published in numerous journals in the areas of management control systems and accounting education. Dr. Adams received the joint American Accounting Association/Institute of Management Accountants 1997 James Bulloch Award for Innovations In Management Accounting Education. The Bulloch Award was for the California Car Company case contained in this book. He has also won the College of Business Outstanding Faculty Award, the College of Business Outstanding Research Award, and the MBA Outstanding Teacher Award.
Professor Adams lives with his wife, Sally, and their two children, Jennifer and Kristen. He is a life master duplicate bridge player and enjoys basketball, backpacking and travel with his family.Donald E. Keller is Professor Emeritus and past chair of the Department of Accounting and Management Information Systems at California State University, Chico. Before joining CSU, Chico, he was professor and chairman, Department of Accounting and Finance at Seton Hall University, South Orange, New Jersey. From 1974 to 1982, he was Director of Technical Services for the National Association of Accountants (now the Institute of Management Accounts) in New York City. His prior experience includes positions with the American Institute of CPAs, California State University, Northridge, University of Arizona, University of Southern California, San Diego State University, and an international public accounting firm.
Dr. Keller teaches managerial and financial accounting courses at both the graduate and undergraduate levels. He has published in Management Accounting and has been author or editor of nine accounting books.
His education includes a B.S. degree from the University of Arizona, an M.S. degree from San Diego State University, and a D.B.A. from the University of Southern California. Dr. Keller is a CPA and a CMA and past president of the Chico Area Chapter of the Institute of Management Accountants, National Director of the Institute of Management Accountants, and is an active member of the American Institute of CPAs, American Accounting Association and the California Society of CPAs.
Professor Keller lives with his wife, Merlene in San Marcos, California. The Kellers have three children and three grandchildren. His favorite pastime is playing golf.LeRoy J. Pryor is professor of accounting and management information systems at California State University, Chico. He teaches courses in accounting information systems, financial accounting, and managerial accounting. He has served as chair of the Department of Accounting and Management Information Systems and is a member of the Accounting Education Advisory Committee and the Corporate Accounting Policy Committee of the American Accounting Association. In 1998, he served as Director of Continuing Professional Education for the American Accounting Association.
Lee is a Certified Public Accountant and holds a Doctorate in Business Administration from the University of Southern California and an MBA with distinction from DePaul University. His undergraduate degree was awarded by the University of Illinois. Prior to entering academe, he worked in public accounting as an auditor for an international firm. He has consulted in many types of businesses, principally in the design of their accounting systems. Dr. Pryor has published articles in the Journal of Accountancy, Management Accounting, Issues in Accounting Education, and in several other journals. Dr. Pryor received the joint American Accounting Association/Institute of Management Accountants 1997 James Bulloch Award for Innovations In Management Accounting Education. The Bulloch Award was for a unique pedagogical approach called the California Car Company case. He has received his colleges Outstanding Faculty Member Award.
Lee is married to Cathy Sweet. He has a son, Steven, daughter, Ashlee, and three grand- children, Cooper, Berlyn, and Perris. His hobby is competitive sailing.
Table of Contents
MODULE 1: USING ACCOUNTING INFORMATION FOR ECONOMIC DECISIONS. Module 1 Introduction. Case Reading 1-1. Introduction to Uses of Accounting Information. Case 1-1. A "Site" to Behold. Case Reading 1-2: Accounting Information and Society. Case 1-2: The Role of Accounting in Society. Case Reading 1-3. Decision Making. Case 1-3: John's Decision. Group 1-3: Holly's Hurdle. Case Reading 1-4: Using Accounting Information to Understand Personal Investments. Case 1-4: Using Accounting Information for Investment Decisions. MODULE 2. USING ACCOUNTING INFORMATION IN SMALL BUSINESSES. Module 2 Introduction. Case Reading 2-1: Recording Accounting Information. Case 2-1: Laura's Law Practice. Group 2-1: Sara's Shopping Service. Case Reading 2-2: Making Decisions Using Balance Sheet Information. Case 2-2: John's Painting Business. Group 2-2: Was John's Business Successful? Case Reading 2-3: Making Decisions Using Income Statement Information. Case 2-3: Juan Rodriguez, M.D. Case Reading 2-4: Making Decisions Using Cash Flow Information. Case 2-4: Compute the Difference-Part I. Case Reading 2-5 Understanding the Indirect Method. Case 2-5: Compute the Difference-Part II. Group 2-5 The Indirect Jump. Case Reading 2-6: Interpreting Financial Statement Information. Case 2-6: John's Profitability or Not? Group 2-6: How Did John's Business Perform? Case Reading 2-7: Identifying Assets and Liabilities. Case 2-7: Upside-Down Ski School Group 2-7: Should iRght-Side-Up Get the Loan? Case Reading 2-8A: Using Published Financial Statements. Case Reading 2-8B The Gap, Inc. Financial Statements. Case 2-8: Using Financial Statements of Publicly Held Companies. Group 2-8: Bridging "The Gap". Modules 1 and 2 Peer Evaluation of Group Members. MODULE 3. USING ACCOUNTING INFORMATION IN BUSINESS EXPANSION. Module 3 Introduction. Case Reading 3-1: Starting a Small Business. Group 3-1: Planning to Start a Business. Case Reading 3-2: Planning for Variable and Fixed Expenses. Case 3-2: Identifying Expense Behavior. Case Reading 3-3: Profitability Analysis. Case 3-3: The JandJ Partnership. Group 3-3: What is Your Contribution? Case Reading 3-4: Multiple Product Enterprises. Case 3-4: The JandJ Corporation. Case Reading 3-5: Legal and Tax Considerations for Business Owners. Case 3-5: Different Tax Treatments for Different Forms of Business. Case Reading 3-6: Planning and Performance Budgets. Case 3-6: JandJ Corporation. The Best Laid Plans. Group 3-6: Did JandJ Corporation Go Astray? Module 3 Peer Evaluation of Group Members. MODULE 4. USING ACCOUNTING INFORMATION TO EVALUATE BUSINESSES. Module 4 Introduction. Case Reading 4-1: Accounting Documentation and Internal Control. Case 4-1: Internal Control Lapses Case Reading 4-2: Decisions Involving Accounts Receivable. Case 4-2: Lenny's Lumber: Credit Policy and Account Receivable Valuation. Case Reading 4-3: Decisions Involving Inventory. Case 4-3: Kris' Crafts. Group 4-3: Stand Up and be Counted. Case Reading 4-4: Buying an Existing Business. Case 4-4: JandJ Corporation: Purchase of a Retail Store-Part I. Group 4-4: Thompson Versus the Industry. Case Reading 4-5: Decisions Involving Property and Equipment. Case 4-5: JandJ Corporation: Purchase of a Retail Store-Part II. Group 4-5: To Err is Human. Case Reading 4-6: Decisions Involving Debt and Equity. Case 4-6: Pine Acquires Mahogany. "Wood" You? Case Reading 4-7: Decisions Involving Mortgages and Leases. Case 4-7: JandJ Corporation: Purchase of a Retail Store-Part III. Group 4-7: What is Your Best Option? Case Reading 4-8: Analysis of Financial Statements. Case 4-8: Financial Statement Analysis: Food for Thought. Group 4-8: Through the Looking Glass. Case Reading 4-9: Analyzing Foreign Company Financial Statements. Case 4-9: Steve's Stereos Goes International. Group 4-9: What in the World? Module 4 Peer Evaluation of Group Members.Appendix A: The Gap, Inc. Annual Report. Appendix B:Corliss Case Spreadsheet Formulas. Appendix C: Instructions for Microsoft« Excel. Appendix D: The Accounting Process Using Debits/Credits. Glossary. Index.