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Financial Accounting -Text Only

Financial Accounting -Text Only - 9th edition

Financial Accounting -Text Only - 9th edition

ISBN13: 9780618626762

ISBN10: 061862676X

Financial Accounting -Text Only by Belverd E. Needles and Marian Powers - ISBN 9780618626762
Cover type: Hardback
Edition: 9TH 07
Copyright: 2007
Publisher: Houghton Mifflin Harcourt
International: No
Financial Accounting -Text Only by Belverd E. Needles and Marian Powers - ISBN 9780618626762

ISBN13: 9780618626762

ISBN10: 061862676X

Cover type: Hardback
Edition: 9TH 07

List price: $210.50

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A market-leading program, Financial Accounting provides business students and accounting majors with a comprehensive introduction to practices and procedures. The text is well known for its highly respected author team, balanced approach, and real-world emphasis. Accuracy reviewers check every line and work through each exercise in the text and supplements, making Financial Accounting the most accurate among similar texts on the market.

The Ninth Edition--which focuses primarily on the use of accounting information in today's business world--represents the most significant revision of the text to date. Content updates reflect current accounting and business practices, while greater attention is given to ethics, service enterprises, and international issues. In addition, the text features a more concise, accessible writing style; a new design to emphasize the user-oriented content; and enhanced technology components for both instructors and students.

  • New! A completely new, streamlined interior design highlights the user-oriented content and features captioned photos, new line art, and a contemporary color palette--all of which aid students' understanding of financial accounting. The art program includes 45 new photos, featuring actual businesses and organizations such as Nike, Yahoo, and
  • New! The Ninth Edition offers greater accessibility than ever before, appealing to a broad range of interests and skill levels. Where possible, detailed information has been made more concise, and procedural material has been rewritten to focus more on the use of accounting information in today's business world.
  • New! The Eduspace online learning tool pairs the widely recognized resources of Blackboard with quality, text-specific content from Houghton Mifflin. Auto-graded algorithmic homework exercises and MP3 files of chapter summaries come ready-to-use. Additional course management materials include HM Testing (powered by Diploma), general ledger software, and classroom response system ("clicker") content. Also within Eduspace, Financial Accounting is available in eBook format for quick access.
  • New! Enhancements to the chapter openers include 15 new photos; new ethics statements and coverage of ethics/corporate governance in the Learning Objectives; all new Decision Point companies such as Google and Starbucks accompanied by questions for thought and discussion; and a new financial statement model that shows how the chapter topic is reflected in the financial statements.
  • New! The text features more than 230 publicly held companies--as well as international, governmental, and not-for-profit organizations--to illustrate the real-world application of accounting principles. A company index at the end of the text includes web links to annual reports. New coverage includes CVS, Kraft Food Corporation, and Southwest Airlines.
  • New! Following each learning objective, new Stop, Review, and Apply features present discussion questions and short exercises for students to complete based on the materials they've just learned.
  • New! A Look Back, located at the end of each chapter, revisits the company highlighted in the chapter-opening Decision Point and prompts students to reconsider the material covered in the chapter.

Table of Contents

Table of Contents

1. Uses of Accounting Information and the Financial Statements

Decision Point: A User's Focus Walgreen Co.
Accounting as an Information System
Decision Makers: The Users of Accounting Information
Accounting Measurement
The Corporation as a Separate Entity
Financial Position and the Accounting Equation
Financial Statements
Generally Accepted Accounting Principles
A Look Back at Target
Supplement to Chapter 1 How to Read an Annual Report
The Components of an Annual Report

2. Measuring Business Transactions

Decision Point: A User'S Focus: Singapore Airlines & The Boeing co.
Measurement Issues
Double-Entry System
Business Transaction Analysis
The Trial Balance
Cash Flows, Liquidity, and The Timing of Transactions
Recording and Posting Transactions
A Look Back at Singapore Airlines and Boeing

3. Measuring Business Income

Decision Point: A User's Focus Yahoo, Inc.
Profitability Measurement: Issues and Ethics
Accrual Accounting
The Adjustment Process
Using the Adjusted Trial Balance to Prepare Financial Statements
The Accounting Cycle
Cash Flows from Accrual-Based Information
A Look Back at Yahoo's Performance
Supplement to Chapter 3 Closing Entries and the Work Sheet Illustrated
Closing Entries for Treadle Website Design, Inc.
The Work Sheet: An Accountant's Tool
Supplement Assignments

4. Financial Reporting and Analysis

Decision Point: A User's Focus Dell Inc.
Foundations of Financial Reporting
Accounting Conventions
Classified Balance Sheet
Forms of the Income Statement
Using Classified Financial Statements
A Look Back at Dell
Supplement to Chapter 4 The Annual Report Project

5. The Operating Cycle and Merchandising Operations

Decision Point: A User's Focus Costco Wholesale Corporation
Managing Merchandising Businesses
Terms of Sale
Perpetual Inventory System
Periodic Inventory System
Internal Control: Basic Components and Control Activities
Internal Control over Merchandising Transactions
A Look Back At Costco's Performance

6. Inventories

Decision Point: A User's Focus Cisco Systems, Inc.
Managing Inventories
Inventory Cost and Valuation
Inventory Cost Under the Periodic Inventory System
Impact of Inventory Decisions
Inventory Cost Under the Perpetual Inventory System
Valuing Inventory by Estimation
A Look Back at Cisco Systems

7. Cash and Receivables

Decision Point: A User's Focus Nike, Inc.
Management Issues Related to Cash and Receivables
Cash Equivalents and Bank Reconciliation
The Allowance Method
Notes Receivable
A Look Back At Nike's Performance

8. Current Liabilities and the Time Value of Money

Decision Point: A User's Focus, Inc.
Management Issues Related to Accounting for Current Liabilities
Common Types of Current Liabilities
Contingent Liabilities and Commitments
The Time Value of Money
Application of the Time Value of Money to Accounting
A Look Back at's Performance

9. Long-Term Assets

Decision Point: A User's Focus Apple Computer
Management Issues Related to Long-Term Assets
Acquisition Cost of Property, Plant, and Equipment
Accounting for Depreciation
Disposal of Depreciable Assets
Natural Resources
Intangible Assets
A Look Back at Apple's Performance

10. Long-Term Liabilities

Decision Point: A User's Focus McDonald's Corporation
Management Issues Related to Issuing Long-Term Debt
The Nature of Bonds
Accounting for Bonds
Using Present Value to Value a Bond
Amortization of Bond Discounts and Premiums
Retirement of Bonds
Other Bonds Payable Issues
A Look Back at McDonald's

11. Contributed Capital

Decision Point: A User's Focus Google Inc.
Management Issues Related to Contributed Capital
Components of Stockholders' Equity
Preferred Stock
Issuance of Common Stock
Treasury Stock
A Look Back at Google

12. The Corporate Income Statement and the Statement of Stockholders' Equity

Decision Point: A User's Focus Motorola, Inc.
Performance Measurement: Quality of Earnings Issues
Income Taxes
Nonoperating Items
Earnings per Share
Comprehensive Income and the Statement of Stockholders' Equity
Stock Dividends and Stock Splits
Book Value
A Look Back at Motorola

13. The Statement of Cash Flows

Decision Point: A User's Focus Marriott International, Inc.
Overview of the Statement of Cash Flows
Analyzing Cash Flows
Operating Activities
Investing Activities
Financing Activities
A Look Back at Marriott

14. Financial Performance Measurement

Decision Point: A User's Focus Starbucks Corporation
Foundations of Financial Performance Measurement
Tools and Techniques of Financial Analysis
Comprehensive Illustration of Ratio Analysis
A Look Back at Starbucks

15. Investments

Decision Point: A User's Focus EBay, Inc.
The Management Issues Related To Investments
Short-Term Investments in Equity Securities
Long-Term Investments in Equity Securities
Consolidated Financial Statements
Investments in Debt Securities
A Look Back at eBay's Performance
Appendix A. Accounting for Unincorporated Businesses
Appendix B. Future Value and Present Value Tables