Principles of Accounting

Accounting

ISBN:

978-0-9973780-5-4

Principles of Accounting

Steve Albrecht, PhD, CPA, CIA, CFE Jim Stice, PhD Earl Kay Stice, PhD

Get a complete foundation in accounting, from reporting results to outsiders to guiding decisions inside the business. Students first learn financial accounting: the accounting cycle, internal controls, receivables, inventory, long-term assets and liabilities, equity, investments, the statement of cash flows, and financial statement analysis. They then move to managerial accounting, covering cost concepts, activity-based costing, budgeting and control, cost-volume-profit analysis, relevant information for decisions, and capital investment. Real company examples and solved exercises show how these concepts work in practice.

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Introduction Topic 1: Accounting Information: Users and Uses Topic 2: Financial Statements: An Overview Topic 3: The Accounting Cycle: The Mechanics of Accounting Topic 4: Completing the Accounting Cycle Topic 5: Internal Controls: Ensuring the Integrity of Financial Information Topic 6: Receivables: Selling a Product or Service Topic 7: Inventory and the Cost of Sales Topic 8: Completing the Operating Cycle Topic 9: Investments: Property, Plant, and Equipment and Intangible Assets Topic 10: Financing: Long-Term Liabilities Topic 11: Financing: Equity Topic 12: Investments: Debt and Equity Securities Topic 13: Statement of Cash Flows Topic 14: Analyzing Financial Statements Topic 15: Management Accounting and Cost Concepts Topic 16: Cost Flows and Business Organizations Topic 17: Activity-Based Costing Topic 18: Budgeting and Control Topic 19: Controlling Cost and Profit Topic 20: Inventory Management and Variable and Absorption Costing Topic 21: Cost Behavior and Decisions Using C-V-P Analysis Topic 22: Relevant Information and Decisions Topic 23: Capital Investment Decisions Topic 24: New Measures of Performance Appendix A: The Present Value Module Appendix B: Tables Appendix C: How to Locate Financial Statements

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