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. 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.
Publisher: South-Western Publishing Co.
Year Published: 2004