Account Information for Business Decisions

Name: Account Information for Business Decisions
Price: 5.7 USD
Availability: InStock
ISBN: 9780030224386

ISBN-10: 0030224381

ISBN-13: 9780030224386

Edition: 1st 1999

Authors: Billie M. Cunningham, Loren A. Nikolai

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Book details

List price: $61.95
Edition: 1st
Copyright year: 1999
Publisher: Harcourt College Publishers
Publication date: 6/22/1998
Binding: Paperback
Pages: 540
Weight: 2.398
Language: English

Stephen Fry has played Peter in the film Peter's Friends, Jeeves in the television series Jeeves & Wooster, Fry in the television series A Bit of Fry and Laurie, and most recently, Oscar Wilde in the film Wilde. Breaking precedent, he will also appear uneponymously in the film A Civil Action. Making History is Fry's third novel, following The Liar and The Hippopotamus. The author divides his time between New York and his English homes in London and Norfolk. From the Hardcover edition.

Volume I
Overview: Business, Accounting, and the Role of Creative and Critical Thinking	p. 1
Introduction to Business and Accounting	p. 3
Private Enterprise and Capitalism	p. 5
The Forms That Companies Take	p. 8
The Regulatory Environment of Business	p. 9
Integrated Accounting System	p. 10
Activities of Management	p. 11
Accounting Support for Management Activites	p. 13
Accounting Support for External Decision Making	p. 16
Ethics in Business and Accounting	p. 19
Framework of the Book	p. 21
Summary	p. 21
Integrated Business and Accounting Situations	p. 23
Dr. Decisive	p. 25
Creative and Critical Thinking, Problem-Solving,and Their Roles in Business and Accounting	p. 27
The Changing Business Environment	p. 28
The Successful Businessperson	p. 30
The Accountant of the 21st Century	p. 31
Creative and Critical Thinking	p. 32
Applying Creative and Critical Thinking to Business Decisions	p. 40
Creative and Critical Thinking Orientation of the Book	p. 45
Summary	p. 46
Integrated Business and Accounting Situations	p. 47
Dr. Decisive	p. 51
Planning in an Entrepreneurial Environment	p. 53
Developing a Business Plan: Cost-Volume-Profit Analysis	p. 55
Planning in a Start-Up Company	p. 56
Cost-Volume-Profit (C-V-P) Planning	p. 63
Using C-V-P Analysis	p. 72
Other Planning Issues	p. 75
Business Issues and Values: Waste Not, Want Not	p. 75
Summary	p. 76
Integrated Business and Accounting Situations	p. 77
Dr. Decisive	p. 84
Developing a Business Plan: Budgeting	p. 85
Why Budget?	p. 86
Operating Cycles	p. 87
The Budget as a Framework for Planning	p. 89
Using the Master Budget in Evaluating the Company's Performance	p. 102
Business Issues and Values	p. 105
Summary	p. 105
Integrated Business and Accounting Situations	p. 107
Dr. Decisive	p. 112
Operating, Reporting, and Evaluating in an Entrepreneurial Environment	p. 113
Accounting for the Operations of a Company	p. 115
Financial Accounting Information and Decision-Making	p. 116
Basic Concepts and Terms Used in Accounting	p. 118
Components of the Accounting Equation	p. 120
Accounting for Transactions to Start a Business	p. 125
Expanding the Accounting Equation	p. 130
Accounting Principles and Concepts Related to Net Income	p. 130
Recording Daily Operations	p. 132
End-of-Period Adjustments	p. 137
Net Income and the Balance Sheet	p. 143
Summary	p. 144
Integrated Business and Accounting Situations	p. 145
Dr. Decisive	p. 155
The Accounting System and Using the Income Statement for Business Decisions	p. 157
Why the Income Statement is Important	p. 158
Accounting System for Recording and Retaining Information	p. 159
The Retail Company's Income Statement	p. 164
Revenues	p. 166
Expenses	p. 171
Operating Income, Other Items, and Net Income	p. 176
Uses of the Income Statement for Evlauation	p. 176
Statement of Changes in Owner's Equity	p. 179
Withdrawals Entries	p. 180
Closing Entries	p. 181
Summary	p. 183
Integrated Business and Accounting Situations	p. 185
Dr. Decisive	p. 194
Using the Balance Sheet for Business Decisions	p. 195
Why the Balance Sheet Is Important	p. 196
The Accounting Equation and the Balance Sheet	p. 198
Using the Balance Sheet for Evaluation	p. 204
Relationship Between the Income Statement and the Balance Sheet	p. 208
Evaluations Using the Balance Sheet and the Income Statement	p. 209
Limitations of the Income Statement and the Balance Sheet	p. 214
Summary	p. 215
Integrated Business and Accounting Situations	p. 217
Dr. Decisive	p. 226
Using the Cash Flow Statement for Business Decisions	p. 227
Why the Cash Flow Statement Is Important	p. 228
Understanding Cash Flow Transactions	p. 228
The Organization of the Cash Flow Statement	p. 232
Preparing the Cash Flow Statement	p. 234
Expanded Discussion of Calculations for the Direct Method	p. 236
Analysis of the Cash Flow Statement	p. 241
Business Issues and Values	p. 246
Summary	p. 246
Integrated Business and Accounting Situations	p. 248
Dr. Decisive	p. 257
Managing and Reporting Working Capital	p. 259
Working Capital	p. 260
Cash	p. 263
Accounts Receivable	p. 273
Inventory	p. 276
Accounts Payable	p. 280
Business Issues and Values	p. 281
Summary	p. 281
Integrated Business and Accounting Situations	p. 283
Dr. Decisive	p. 291
Planning in a Corporate Environment	p. 293
Introduction to Corporations: Structures, Reports, and Analyses	p. 295
Forms of Business Organizations	p. 296
Starting a Corporation	p. 301
The Organizational Structure of Large Corporations	p. 302
Qualities of Useful Accounting Information	p. 303
Unique Features of a Corporation's Financial Statements	p. 305
Financial Information Used in Decision-Making	p. 309
Analysis of Financial Information	p. 315
Business Issues and Values	p. 315
Summary	p. 315
Integrated Business and Accounting Situations	p. 317
Dr. Decisive	p. 325
Developing a Business Plan for a Manufacturing Company: Cost-Volume-Profit Planning and Analysis	p. 327
A Manufacturing Company's Business Plan	p. 328
Manufacturing Costs	p. 332
Standard Costs	p. 336
Cost-Volume-Profit Analysis	p. 337
Business Issues and Values	p. 352
Summary	p. 353
Integrated Business and Accounting Situations	p. 354
Dr. Decisive	p. 361
Developing a Business Plan for a Manufacturing Company: Budgeting	p. 363
Budgeting in a More Complex Environment	p. 364
The Budget Framework for Planning in a Manufacturing Company	p. 364
Technology and Budgeting	p. 384
Responsibility Centers	p. 385
Flexible Budgets	p. 385
Business Issues and Values	p. 388
Summary	p. 391
Integrated Business and Accounting Situations	p. 393
Dr. Decisive	p. 400
Managing, Reporting, and Evaluating Corporate Liquidity	p. 401
Revenues and Cash Collections	p. 403
The Importance of Managing and Reporting on Liquidity	p. 405
Managing Receivables	p. 408
Accounts Receivable	p. 410
Computing the Amount of Sales Made to Companies in Other Countries	p. 423
Unearned Revenue	p. 425
Notes Receivabled	p. 428
Managing and Reporting Cash and Cash Equivalents	p. 431
Cash Balance Management	p. 436
Summary	p. 437
Integrated Business and Accounting Situations	p. 440
Dr. Decisive	p. 448
Expenses and Cash Payments	p. 449
Managing and Recording Accounts Payable	p. 451
Additional Current Liabilities	p. 458
Accrued Liabilities	p. 458
Accrued Liabilities	p. 458
Taxes	p. 461
Short-Term Notes Payable	p. 467
Prepaid Items	p. 468
Loss Contingencies	p. 468
Evaluation of a Company's Liquidity Position	p. 470
Business Issues and Values	p. 475
Summary	p. 476
Integrated Business and Accounting Situations	p. 478
Dr. Decisive	p. 488
Appendix
The Profession of Accountancy	p. 491
Industry Accounting	p. 492
Public Accounting	p. 493
Governmental and Quasi-Governmental Accounting	p. 495
Professional Organizations	p. 496
Summary	p. 497
Index	p. 501
Volume II
Managing, Reporting, and Evaluating Operations in a Corporate Environment
Short-Term Planning Decisions
Decision Making
Relevant Costs and Revenues
Deciding How Many Units of Inventory to Buy
Deciding Whether to Drop a Product
Deciding Whether to Make or Buy a Part or Product
Deciding Whether to Sell a Product or Process It Further
Decisions Involving Product Mix
Business Issues and Values
Summary
Integrated Business and Accounting Situations
Dr. Decisive
Inventory and Operations
Common Elements of Cost Accounting Systems
The Structure of Cost Accounting Systems
Job Order Costing
Process Costing
Summary
Integrated Business and Accounting Situations
Dr. Decisive
Inventory and Control
More about Standard Costs
Standard Costs and Variances for Direct Materials
Standard Costs and Variances for Direct Labor
Standard Costs and Variances for Factory Overhead
Using Manufacturing Cost Variances to Control Operations
The Flexibility of Variances
Business Issues and Values
Summary of Variance Computations
Summary
Integrated Business and Accounting Situations
Dr. Decisive
Modern Developments in Managing Operations
Effects of Modern Developments on Competition
The Issue of Quality
Just-In-Time (JIT) Strategies for Manufacturing Companies
The Effect of Improved Technology and Factory Layout
Activity-Based Costing
Business Issues and Values: Can Satisfying Customers Be a Bad Decision?
Choosing Which Costing Accounting System to Use
Summary
Integrated Business and Accounting Situations
Dr. Decisive
Reporting Inventory
Reporting Inventory on the Balance Sheet
Computing the Historical Cost and the Amount of Inventory
Using Alternative Inventory Cost Flow Assumptions
Effects of the Three Alternatives
Disclosure in the Financial Statements
Using Inventory and Cost of Goods Sold Disclosures for Evaluation
Using the Lower of Cost or Market Method
Estimating the Cost of Inventory and Cost of Goods Sold
Cash Flows from Operating Activities
Summary
Integrated Business and Accounting Situations
Dr. Decisive
Managing, Reporting, and Evaluating Noncurrent Assets in a Corporate Environment
Capital Expenditure Decisions
Capital Expenditure Decisions
Making a Capital Expenditure Decision
The Time Value of Money and Present Value
Net Present Value Method
Alternate Methods for Evaluating Capital Expenditure Proposals
Selecting Alternate Proposals for Investment
Business Issues and Values
Summary
Present Value of a $1 Due in n Periods
Present Value of an Annuity of $1 per Period
Integrated Business and Accounting Situations
Dr. Decisive
Reporting Property, Plant, Equipment, and Intangibles
Issues Involved in Reporting Property, Plant, and Equipment
Computing the Cost of Property, Plant, and Equipment
Reasons for Depreciating Property, Plant, and Equipment
Calculating Depreciation Expense
Comparison of Depreciation Methods
Depreciation and Income Taxes
Subsequent Expenditures
Impairment of Property, Plant, and Equipment
Disposing of Property, Plant, and Equipment
Reporting Property, Plant, and Equipment and Depreciation Expense
Property, Plant, and Equipment and the Cash Flow Statement
Using Information About Property, Plant, and Equipment and Depreciation Expense
Intangible Assets
Natural Resource Assets
Summary
Integrated Business and Accounting Situations
Dr. Decisive
Managing, Reporting, and Evaluating Long-Term Financing and Investing Activities in a Corporate Environment
Long-Term Debt and Other Financing Issues
Valuing Long-Term Debt
Loan Payments and Interest
Bond Characteristics
User Analysis Perspective: Reasons Why Bonds Are Issued
Bonds Issued at Face Value
Factors Affecting Bond Interest Rates
Bonds Issued at Less Than or More Than Face Value
Reporting Long-Term Debt and Interest
Using Long-Term Debt and Interest Expense Disclosures for Evaluation
Leases
Mortgages Payable
Deferred Income Taxes
Retirement Benefits
How Long-Term Debt Transactions Affect the Cash Flow Statement
Summary
Accounting for Bonds Paying Interest Each Period and Selling at a Premium or Discount
Integrated Business and Accounting Situations
Dr. Decisive
Investments in Stocks and Bonds of Other Companies
Classifications of Investments
Market Prices of Stocks and Bonds
Market Value Method
Equity Method
Business Issues and Values
Consolidated Financial Statements
Segment Reports
Investments in Held to Maturity Bonds: Amortized Cost Method
Summary
Accounting for Investments in Held to Maturity Bonds That Pay Interest
Integrated Business and Accounting Situations
Dr. Decisive
Corporate Stock and Earnings Issues
Corporate Capital Structure
Capital Stock Transactions
Treasury Stock
Stock Options
External User Analysis: Liabilities vs Stockholders' Equity
Corporate Earnings
Earnings Per Share
Business Issues and Values
Cash Dividends
Stock Dividends
Statement of Charges in Stockholders' Equity
Comprehensive Income
How Capital Stock Transactions Affect the Cash Flow Statement
Summary
Integrated Business and Accounting Situations
Dr. Decisive
Appendices
Recording, Storing, and Reporting Accounting Information
Accounts
Accounting Cycle
Recording (Journalizing) Transactions
Posting to the Accounts
Trial Balance
Preparing Adjusting Entries
Adjusted Trial Balance
Preparing the Financial Statements
Preparation of Closing Entries
Modifications for Corporations
Other Journal Entries
Summary
General Mills Annual Report
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