Every job requires you to prepare, use, respond to, or be evaluated using accounting data. Understanding what accounting is, why it's important, and how to effectively use and prepare accounting data will give you a competitive edge in any organization. The focus of ACCOUNTING: CONCEPTS & APPLICATIONS, 11E is on developing the ability to critically analyze accounting information and make informed business decisions. Readers are exposed to a myriad of real-world examples where they can see the effect that accounting information has on the decisions made by real companies. The text also makes a concerted effort to highlight the ethical considerations and global implications of financial accounting decisions in our world.

Review

PART I: FINANCIAL REPORTING AND THE ACCOUNTING CYCLE. 1. Accounting Information: Users and Uses. 2. Financial Statements: An Overview. 3. The Accounting Cycle: The Mechanics of Accounting. 4. Completing the Accounting Cycle. 5. Internal Controls: Ensuring the Integrity of Financial Information. PART II: OPERATING ACTIVITIES. 6. Receivables: Selling a Product or Service. 7. Inventory and the Cost of Sales 8. Completing the Operating Cycle. PART III: INVESTING AND FINANCING ACTIVITIES. 9. Investments: Property, Plant, and Equipment and Intangible Assets. 10. Financing: Long-Term Liabilities. 11. Financing: Equity. 12. Investments: Debt and Equity Securities. PART IV: OTHER DIMENSIONS OF FINANCIAL REPORTING. 13. Statement of Cash Flows. 14. Analyzing Financial Statements. PART V: FOUNDATIONS OF MANAGEMENT ACCOUNTING. 15. Management Accounting and Cost Concepts. 16. Cost Flows and Business Organizations. 17. Activity-Based Costing. PART VI: CONTROL IN A MANAGEMENT ACCOUNTING SYSTEM. 18. Budgeting and Control. 19. Controlling Cost and Profit. 20. Inventory Management and Variable and Absorption Costing. PART VII: MAKING DECISIONS USING MANAGEMENT ACCOUNTING. 21. Cost Behavior and Decisions using C-V-P Analysis. 22. Relevant Information and Decisions. 23. Capital Investment Decisions. PART VIII: CONTINUOUS IMPROVEMENT IN MANAGEMENT ACCOUNTING. 24. New Measures of Performance.

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