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Accounting : Managing Business Information, Preliminary Edition Volume II

Accounting : Managing Business Information, Preliminary Edition Volume II - 04 edition

ISBN13: 978-0324152661

Cover of Accounting : Managing Business Information, Preliminary Edition Volume II 04 (ISBN 978-0324152661)
ISBN13: 978-0324152661
ISBN10: 0324152663
Cover type:
Edition/Copyright: 04
Publisher: South-Western Publishing Co.
Published: 2004
International: No

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Accounting : Managing Business Information, Preliminary Edition Volume II - 04 edition

ISBN13: 978-0324152661

Thomas Albright and Robert W. Ingram

ISBN13: 978-0324152661
ISBN10: 0324152663
Cover type:
Edition/Copyright: 04
Publisher: South-Western Publishing Co.

Published: 2004
International: No
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 in both volumes of this text.

Benefits:

  • 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. Students gain a clear understanding of both financial and managerial accounting by following the growth and development of a small retail store, which expands into a manufacturing corporation. This on-going case illustrates the use of accounting information in management and external decisions. Other companies in the store's supply chain complement the discussion as examples of business relationships and decisions.
  • 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.

Author Bio

Albright, Thomas L. : University of Alabama


Ingram, Robert W. : University of Alabama

Table of Contents

PART I

1. The Language of Business
2. Keeping Score
3. Measuring Business Activities
4. Planning for Profitability
5. Strategy, Profit Analysis, and Cost Behavior
6. The Budgeting Process-Planning Business Activities
7. Organizational Structure and Performance Evaluation
8. Performance Measurement and Coordination of Multi-Divisional Organizations
9. Corporate Financial Reporting-Operations and Financial Position
10. Corporate Financial Reporting-Cash Flows, Financial Analysis, and Valuation
11. Information Reliability, Risk Assessment, and Internal Control

PART II

12. Accounting Systems
13. Revenues and Customer Relations
14. Purchasing and Inventory Management
15. Human Resources and Intangibles
16. Costing Methods for Batch Manufacturing or Service Activities
17. Costing Methods for Continuous-Process Manufacturing or Service Activities
18. Time Value of Money
19. Capital Investment Decisions
20. Financing and Long Term Investments
21. Summary and Conclusions

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