Welcome to the Tenth Edition of Accounting : What the Numbers Mean. We are confident that this text and supplemental resources will permit the achievement of understanding the basics of financial reporting by corporations and other enterprises.
Accounting has become known as the language of business. Financial statements result from the accounting process and are used by owners/investors, employees, creditors, and regulators in their planning, controlling, and decision making activities as they evaluate the achievement of an organization's objectives. Active study of this text will allow you to acquire command of the language and help you become an informed user of accounting information.
Accounting issues are likely to touch the majority of career paths in today's economy. Students whose principal academic interests are not in accounting, but who are interested in other areas of business or nonbusiness areas, such as engineering, behavioral sciences, public administration, and prelaw programs, will benefit from the approach used in this book. Individuals aspiring to an MBA degree or other graduate programs that focus on administration and management, who do not have an undergraduate business degree, will benefit from a course using this text.
"Accounting : What the Numbers Mean" takes the user through the basics : what accounting information is, how it is developed, how it is used, and what it means. Financial statements are examined to learn what they do and do not communicate, enhancing the student's decision making and problem solving abilities from a user perspective. Achieving expertise in the preparation of financial statements is not an objective of this text. In short, we have designed these materials to assist those who wish to learn "what the numbers mean" without concentrating on the mechanical aspects of the accounting process.
Part 1 Financial Accounting
- Financial Statement and Accounting Concepts/Principles
- Fundamental Interpretations Made from Financial Statement Data
- The Bookkeeping Process and Transaction Analysis
- Accounting for and Presentation of Current Assets
- Accounting for and Presentation of Property, Plant, and Equipment, and Other Noncurrent Assets
, etc.
Part 2 Managerial Accounting
- Managerial Accounting and Cost-Volume-Profit Relationships
- Cost Accounting and Reporting
- Cost Planning
- Cost Control
- Costs for Decision Making