EBOOK: Financial and Managerial Accounting

17th Edition
0077167104 · 9780077167103
With the seventeenth edition of Financial and Managerial Accounting: The Basis for Business Decisions, the Williams author team continues to be a solid foundation for students who are learning basic accounting concepts. Hallmarks of the text - includ… Read More
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Chapter 1: Accounting: Information for Decision Making

Chapter 2: Basic Financial Statements

Chapter 3: The Accounting Cycle: Capturing Economic Events

Chapter 4: The Accounting Cycle: Accruals and Deferrals

Chapter 5: The Accounting Cycle: Reporting Financial Results

Comprehensive Problem 1: Susquehanna Equipment Rentals

Chapter 6: Merchandising Activities

Chapter 7: Financial Assets

Chapter 8: Inventories and the Cost of Goods Sold

Comprehensive Problem 2: Guitar Universe, Inc.

Chapter 9: Plant and Intangible Assets

Chapter 10: Liabilities

Chapter 11: Stockholders' Equity: Paid-in Capital

Comprehensive Problem 3: McMinn Retail, Inc.

Chapter 12: Income and Changes in Retained Earnings

Chapter 13: Statement of Cash Flows

Chapter 14: Financial Statement Analysis

Comprehensive Problem 4: Home Depot, Inc.

Chapter 15: Global Business and Accounting

Chapter 16: Management Accounting: A Business Partner

Chapter 17: Job Order Cost Systems and Overhead Allocations

Chapter 18: Process Costing

Chapter 19: Costing and the Value Chain

Chapter 20: Cost-Volume-Profit Analysis

Chapter 21: Incremental Analysis

Comprehensive Problem 5: The Gilster Company

Chapter 22: Responsibility Accounting and Transfer Pricing

Chapter 23: Operational Budgeting

Chapter 24: Standard Cost Systems

Chapter 25: Rewarding Business Performance

Comprehensive Problem 6: Utease Corporation

Chapter 26: Capital Budgeting

Appendix A: 2009 Home Depot Financial Statements

Appendix B: The Time Value of Money: Future Amounts and Present Values

Appendix C: Forms of Business Organization

With the seventeenth edition of Financial and Managerial Accounting: The Basis for Business Decisions, the Williams author team continues to be a solid foundation for students who are learning basic accounting concepts. Hallmarks of the text - including the solid Accounting Cycle Presentation, relevant pedagogy, and high quality, end-of-chapter material—have been updated throughout the book.
New coverage of IFRS discusses how important topics in accounting such as LIFO, statement of cash flows, and fixed assets might be impacted by the adoption of IFRS.
NEW! McGraw-Hill's Connect uses end-of-chapter material pulled directly from the textbook to create static and algorithmic questions that can be used for homework and practice tests.
To purchase an eBook version of this title, visit www.CourseSmart.com (ISBN 0077328590). With the CourseSmart eTextbook version of this title, students can save money, reduce their impact on the environment, and access powerful web tools for learning. Faculty can also review and compare the full text online without having to wait for the print desk copy.
Motivation
Boxes throughout the text provide students with real world examples, ethics coverage, and thought-provoking discussion questions.Selected excerpts from the 2009 Home Depot Financial Statements appear in the text appendix and are incorporated into end-of-chapter problem material. Students gain valuable practical experience reading and analysing real-world financial statements
Boxes throughout the text provide students with real world examples, ethics coverage, and thought-provoking discussion questions.
Unstructured Cases in Chapter 5 address Sarbanes-Oxley (SOX) issues.
Balanced Coverage. The 16th edition of Williams provides the most balanced coverage of financial and managerial topics on the market. The author team has revised and refined the presentation of traditional financial accounting topics by updating to reflect important changes that could occur should the U.S. switch from GAAP to IFRS.
Clear Accounting Cycle Presentation. In the first five chapters of Financial and Managerial Accounting, the authors present the Accounting Cycle in a clear, graphically interesting 4-step process. Central to this presentation is the dedication of three subsequent chapters to three key components of the cycle: recording, adjusting, and close entries. The Williams team places the easy-to-read margin notes explaining each equation used in particular journal entries.
Managerial Chapter Coverage: The managerial chapters cover timely topics, such as Just In Time Systems and Total Quality Management in Chapter 19: Costing and the Value Chain, and DuPont performance evaluation system and Economic Value Added (EVA) concepts, and the Balanced Scorecard in Chapter 25: Rewarding Business Performance.
Corporate Approach: The corporate approach begins in chapter 3 and is carried throughout the text.
Wide Variety of End of Chapter Material:
  • TWO sets of Problems, a full set of Exercises, and a full set of Brief Exercises in EACH chapter provide plenty of opportunities for students to practice the concepts they've learned in each chapter.
  • Defined Key Terms and Self-Test Questions review and reinforce chapter material.
  • Demonstration Problems and their solutions allow students to test their knowledge of key points in the chapters.
  • Critical Thinking Cases and Problems put students' analytical skills to the test by having them think critically about key concepts from the chapter and apply them to business decisions.
  • Ethics Assignments challenge students to explore the impact of decisions made in business.
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