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Accounting » (23rd Edition)

Book cover image of Accounting by Carl S. Warren

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
ISBN-13: 9780324662962, ISBN-10: 0324662963
Format: Hardcover
Publisher: Cengage Learning
Date Published: July 2008
Edition: 23rd Edition

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Author Biography: Carl S. Warren

Dr. Carl S. Warren is Professor Emeritus of Accounting at the University of Georgia, Athens. Dr. Warren has taught classes at the University of Georgia, University of Iowa, Michigan State University, and University of Chicago. He focused his teaching efforts on principles of accounting and auditing. Dr. Warren received his PhD from Michigan State University and his BBA and MA from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including THE ACCOUNTING REVIEW, JOURNAL OF ACCOUNTING RESEARCH, JOURNAL OF ACCOUNTANCY, THE CPA JOURNAL, and AUDITING: A JOURNAL OF PRACTICE AND THEORY. Dr. Warren has served on numerous committees of the American Accounting Association, the American Institute of Certified Public Accountants, and the Institute of Internal Auditors. He also has consulted with numerous companies and public accounting firms. His outside interests include playing handball, golfing, skiing, backpacking, and fly-fishing.

Dr. James M. Reeve is Professor Emeritus of Accounting and Information Management at the University of Tennessee. Professor Reeve taught as part of the accounting faculty for 25 years after graduating with his PhD from Oklahoma State University. His teaching effort focused on undergraduate accounting principles and graduate education in the Master of Accountancy and Senior Executive MBA programs. Beyond this, Professor Reeve is very active in the Supply Chain Certification program, which is a major executive education and research effort of the college. His research interests are varied and include work in managerial accounting, supply chain management, lean manufacturing, and information management. He has published over 40 articles in academic and professional journals, including Journal of Cost Management, Journal of Management Accounting Research, Accounting Review, Management Accounting Quarterly, Supply Chain Management Review, and Accounting Horizons. He has consulted or provided training around the world for a variety of organizations, including Boeing, Procter & Gamble, Norfolk Southern, Hershey Foods, Coca-Cola, and Sony. When not writing books, Professor Reeve plays golf and is involved in faith-based activities.

Dr. Jonathan Duchac is the Merrill Lynch and Co. Professor of Accounting and is Director of the Program in Enterprise Risk Management at Wake Forest University. He earned his PhD in accounting from the University of Georgia and currently teaches introductory and advanced courses in financial accounting. Dr. Duchac has received a number of awards during his career, including the Wake Forest University Outstanding Graduate Professor Award, the T.B. Rose award for Instructional Innovation, and the University of Georgia Outstanding Teaching Assistant Award. In addition to his teaching responsibilities, Dr. Duchac has served as Accounting Advisor to Merrill Lynch Equity Research, where he worked with research analysts in reviewing and evaluating the financial reporting practices of public companies. He has testified before the U.S. House of Representatives, the Financial Accounting Standards Board, and the Securities and Exchange Commission and has worked with a number of major public companies on financial reporting and accounting policy issues. In addition to his professional interests, Dr. Duchac is Treasurer of The Special Children's School of Winston-Salem, a private, nonprofit developmental day school serving children with special needs. Dr. Duchac is an avid long-distance runner, mountain biker, and snow skier. His recent events include the Grandfather Mountain Marathon, the Black Mountain Marathon, the Shut-In Ridge Trail run, and NO MAAM (Nocturnal Overnight Mountain Bike Assault on Mount Mitchell).

Book Synopsis

The authors of ACCOUNTING, 24e, understand that you need to find important information quickly. This textbook uses an integrated learning system to help you complete homework and lead you to accounting mastery. Built on the authors' proven approach, clear examples and high-impact writing style, you will be guided through the preparation of financial statements to understand accounting's evolving role in business.

Table of Contents

A Brief Look at Accounting - Its Past, Present, and Future1
1Introduction to Accounting Concepts and Practice8
2Analyzing Transactions42
3The Matching Concept and the Adjusting Process89
4Completing the Accounting Cycle124
5Accounting Systems, Internal Control, and Special Journals162
6Accounting for Merchandising Businesses205
7Cash250
8Receivables and Temporary Investments282
9Inventories313
10Plant Assets and Intangible Assets346
11Payroll, Notes Payable, and Other Current Liabilities386
12Concepts and Principles426
13Partnership Formation, Income Division, and Liquidation466
14Corporations: Organization and Equity Rights498
15Corporate Earnings, International Transactions, and Investments in Stocks537
16Bonds Payable and Investments in Bonds572
17Statement of Cash Flows605
18Managerial Accounting Concepts and Principles662
19Job Order Cost Systems699
20Process Cost Systems743
21Cost Behavior and Cost-Volume-Profit Analysis776
22Budgeting820
23Performance Evaluation Using Variances from Standard Costs862
24Performance Evaluation for Decentralized Operations897
25Differential Analysis and Product Pricing934
26Capital Investment Analysis967
Appendix A: Interest TablesA-1
Appendix B: Codes of EthicsB-1
Appendix C: Alternative Methods of Recording DeferralsC-1
Appendix D: Periodic Inventory Systems for Merchandising BusinessesD-1
Appendix E: Periodic Inventory Systems for Manufacturing BusinessesE-1
Appendix F: Annual Reports and Financial Statement AnalysisF-1
GlossaryG-1
IndexI-1
Check FiguresCF-1

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