Summary: This innovative new text provides both internal and external views on the importance and use of accounting information for decision making. Unlike other texts on the market, students learn about managerial and financial accounting and reporting in a holistic manner starting with a retail company. As the text progresses, students learn about the needs of internal and external reporting in a manufacturing environments. Financial and Managerial topics are fully blended ...show morein both volumes of this text.Edition/Copyright: 04
- Integrated financial and managerial topics. The book combines topics that are logically connected and sequences them in a logical order. For example, financial reporting and budgeting are viewed as part of a dynamic planning and evaluating processes.
- Realistic case evolves throughout the text. The case is based on the activities of two entrepreneurs who establish Venture Out, a retail business that sells outdoor sports equipment. Financial and managerial accounting topics are introduced in a logical order as the company grows in size and complexity. Topics unique to large multi-divisional manufacturing enterprises are introduced by exploring the operations of Venture Out's suppliers. Through this approach, students gain a clear understanding of the use of accounting information in management and external decisions, as well as business relationships in a company's supply chain.
- Business decisions as a basis for examining accounting concepts and processes. Accounting issues are introduced in the context of the need for business information. Accrual, cash flow, and financial analysis issues are included throughout the book as relevant to decisions made in business organizations and by external decision makers.
- The accountant's role in management and decision making. The book emphasizes the role of accountants as business advisors and as key players on the management team.
Publisher: South-Western Publishing Co.
Year Published: 2004