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Accounting : The Basis for Business Decisions

Accounting : The Basis for Business Decisions - 11th edition

ISBN13: 978-0072478655

Cover of Accounting : The Basis for Business Decisions 11TH 99 (ISBN 978-0072478655)
ISBN13: 978-0072478655
ISBN10: 0072478659
Edition: 11TH 99
Copyright: 1999
Publisher: Richard D. Irwin, Inc.
Published: 1999
International: No

Accounting : The Basis for Business Decisions - 11TH 99 edition

ISBN13: 978-0072478655

Robert Meigs, Jan Williams, Sue Haka and Mark S. Bettner

ISBN13: 978-0072478655
ISBN10: 0072478659
Edition: 11TH 99
Copyright: 1999
Publisher: Richard D. Irwin, Inc.
Published: 1999
International: No

This is an exciting revision of one of the most respected Principles books in the marketplace. The new edition benefits from the addition of two well-known and admired academics, Jan Williams and Susan Haka. Susan Haka’s background in managerial accounting is particularly useful in the second half of the book. Collectively, they provide a wealth of teaching and research experience that greatly enhances this eleventh edition. All aspects of this text has been evaluated and revised to create a more user friendly, dynamic textbook while maintaining the foundation that has kept Meigs successful throughout the years.


  • The new co-authors have made a significant, positive impact. The first four chapters have been reworked to offer a better balance between using and creating financial information. Students will be introduced to how accounting and the ''information age'' merge to impact the world of business.
  • Financial Statement Analysis has been moved from Chapter 8 to Chapter 14, following the Statement of Cash Flows chapter to offer a more student-friendly approach.
  • All new comprehensive problems have been created and streamlined for this edition. Comprehensive problems will be anywhere between 3 - 5 pages, and are throughout the book (3 in the financial chapters and 2 in the managerial chapters)
  • New chapter on Global Issues in Accounting (Ch. 15) offers broad coverage of the contemporary accounting issues which affect the international business world.
  • All managerial accounting chapters have been revised, and a new chapter has been created which addresses Activity Based Costing.
  • Completely redesigned for a more contemporary, student-friendly focus. Brand new chapter openers capture student interest by relating accounting concepts to current scenarios taken from recent BusinessWeek articles.
  • New pedagogy includes ''Net Connections'' sections, which take your students to the ''information superhighway'' on the Internet; ''Your Turn'' boxes, which place students in the role of a decision maker and user of accounting information (ie: marketing manager, financial analyst, banker); ''Cash Effects'' sections, which show how a transaction or method impacts the cash flow of an organization.
  • All new, improved software will accompany the eleventh edition: General Ledger Applications Software, Spreadsheet Applications Template Software, Ready Shows PowerPoint Slides, and new Computest Test Bank.
  • A new BusinessWeek Edition is available with the text, which offers students a reduced price to subscribe to BusinessWeek, as well as free access to their fantastic web site.
  • NetTutor offers your students live, personalized tutoring via the internet. Using NetTutor’s powerful WWWhiteboard software, students can post a question and receive prompt feedback from an expert in their subject. Students may also post questions to the Q&A Center and receive a reply within 24 hours. Visiting the Message Center allows students to discuss difficult concepts among themselves, while the Archive Center provides a browsable list of questions and answers maintained by the subject tutor. NetTutor is FREE with all mandatory introductory accounting texts, and an invaluable aid for accounting students--a study partner who always has the answer.


  • ''Case In Point'' boxes use actual examples from real companies to explain accounting and its impact on business and decision making.
  • Continued use of the ''Toys R Us'' annual report.
  • Strong end of chapter material, including ethics questions, group activities, and communication problems.

Table of Contents

Ch. 1 Accounting: Information for Decision-Making
Ch. 2 Basic Financial Statements (Sole Proprietorship approach)
Ch. 3 Capturing Economic Events
Ch. 4 Preparing Financial Statements Comprehensive Problem 1
Ch. 5 Accounting for Merchandising Activities
Ch. 6 Forms of Business Organization (Corporate approach)
Ch. 7 Financial Assets
Ch. 8 Inventories and the Cost of Goods Sold (Comprehensive Problem 2)
Ch. 9 Plant Assets and Depreciation
Ch. 10 Liabilities
Ch. 11 Shareholders' Equity: Contributed Capital
Ch. 12 Income and Changes in Retained Earnings
Ch. 13 Statement of Cash Flows
Ch. 14 Financial Statement Analysis (Comprehensive Problem 3)
Ch. 15 Global Business and Accounting
Ch. 16 Management Accounting: A Business Partner
Ch. 17 Accounting Systems for Measuring Costs
Ch. 18 Costing and The Value Chain
Ch. 19 Cost-Volume-Profit
Ch. 20 Incremental Analysis (Comprehensive Problem 4)
Ch. 21 Responsibility Accounting & Performance Evaluation
Ch. 22 Operating Budgets
Ch. 23 Standard Costing (Comprehensive Problem 5)
Ch. 24 Capital Budgeting

Appendix A: Annual Report (Toys R' Us)
Appendix B: The Internet
Appendix C: Time Value of Money