Financial & Managerial Accounting

Ideal for first-year accounting courses, this text presents balanced coverage of both financial and managerial topics. In this text, the authors refine their proven approach to accounting's expanding role in business. This text uses the prepartation of financial statements as the framework for understanding what accounting is all about.

This new edition of a time-tested text takes accounting into the 21st century and gives students the tools needed to thrive in the real world. Warren (accounting, U. of Georgia), James M. Reeve (accounting, U. of Tennessee) and Philip E. Fess (accounting, U. of Illinois) present 11 chapters that cover all phases of accounting such as analyzing transactions, completing the accounting cycle, receivables, inventories, current liabilities, fixed and intangible assets, corporate issues, performance evaluation, differential analysis and product pricing, cost allocation and activity-based costing, and other relevant topics. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Contents

Part II
1. Introduction to Managerial Accounting and Job Order Cost Systems
2. Process Cost Systems
3. Cost Behavior and Cost-Volume-Profit Analysis
4. Profit Reporting for Management Analysis
5. Budgeting
6. Performance Evaluation Using Variances from Standard Costs
7. Performance Evaluation for Decentralized Operations
8. Differential Analysis and Product Pricing
9. Capital Investment Analysis
10. Cost Allocation and Activity-Based Costing
11. Cost Managment for Just-in-Time Environments

Appendixes
A. Interest Tables
B. Codes of Professional Ethics for Accountants
C. Alternative Methods of Recording Deferrals
D. Special Journals and Subsidiary Ledgers
E. Periodic Inventory Systems for Merchandising Businesses
F. Foreign Currency Transactions
G. Cisco Systems, Inc. Annual Report

Glossary
Subject Index
Company Index